Anyone into a Stocks & Shares ISA?

[simwells]

I'm no expert but I'm seeing a lot of redundancies mentioned on LinkedIn at the moment. Appreciate not always terrible for business and lots will be using it as an excuse to cost cut costs, but it might be worth excercising caution at the moment just in case we see another drop in the market.

This week will be the major redundancy announcements, whether that affects companies values is another thing but expect most large organisations in the U.K. to announce redundancies this week. As unpleasant as it is for the people involved plenty of companies will benefit from the cost cutting involved in doing this so I wouldn?t expect it to necessarily link to massive share price drops.

Sadly this week is likely to go down in history for the most redundancies ever announced (45 day consultation period to kick in redundancies start of August)


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[Pleevy]

Got to feel for the people that are going to suffer as a result.

[Simon Bolivar]

Indeed, difficult times out there. Just to give you an update on the swings of the market, my ISA was up 30% 2-3wks ago, BPC up 100%. On Fri, I was down to an overall drop to -2%. I am not too bothered, I expected a second plunge & never expected it to rise so high so quickly. I am sure CCL & BPC will rise after the New Year & I am secure in my job as anyone can be until next May/June, when the Brent Charlie get's shut down.

A wee tip for those with a small amount to invest, check out the Scottish Mortgage Company.

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[Pleevy]

Indeed, difficult times out there. Just to give you an update on the swings of the market, my ISA was up 30% 2-3wks ago, BPC up 100%. On Fri, I was down to an overall drop to -2%. I am not too bothered, I expected a second plunge & never expected it to rise so high so quickly. I am sure CCL & BPC will rise after the New Year & I am secure in my job as anyone can be until next May/June, when the Brent Charlie get's shut down.

A wee tip for those with a small amount to invest, check out the Scottish Mortgage Company.

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Certainly some volatility out there.

Is there anything you can move onto in May/June if required?

[Simon Bolivar]

Certainly some volatility out there.

Is there anything you can move onto in May/June if required?

Sorry Pleevy, missed this earlier. I bought Weatherspoons, just as the price went down, I thought they'd make a quick buck as they were opening again but they need high footfall to make any money, which isn't hasn't returned yet.

[Simon Bolivar]

Well hardly balanced if I don't mention the lows, as well as the highs of owing shares. Had a big loss yesterday but couldn't bear to lose all if the company goes bust. Yes, it my biggest investment CCL. Having read a brokers assessment yesterday & thinking of the US company habits of seeking bankcrupcy protection & share holders can lose the lot.

They have borrowed so much & now they are rated Junk, the interest rates are 10%. With sailing not happening until next year & expecting that to be below break even number of passengers & crew, the debt will continue to pile up. Without income they will collapse in 18months, if not before. Hard to think such a large company could go t*ts up but it could.

Either way, it seems unlikely the sp will go above my avge for the for seeable future. So pulled the lot & am going to buy SNG. Anyone else invested with them?


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[ha_banos]

It's important to stay on top of whats happening if you have investments in companies directly. Do your research and keep an eye on it.

I have a toe in the investment markets, I've made 500£ on SNG on the 243% increase recently! I'll hardly retire on it! I wouldnt have risked much money anyway. I'm too chicken! Good luck with SNG Simon. Who knows what happens next.

My only green investments other than SNG is the S&P 500 and an Asia growth fund. But basiclaly im down £200 over all on a 5k pot. Hope the next 12 months sees some recovery.

Also Silver and Gold have taken a big upturn. And even Bitcoin has jumped up a bit.

[Simon Bolivar]

Cheers Banos, Yes, one of the reasons I like SNG is that this drug is going to change the lives of millions, if they tie up a manufacture or two that will produce it. It can prevent admission to ICU & the need to be ventilated & even excluding COVID it's use with COPD is a game changer, to one of the biggest diseases in the Western world.It's far more useful & likely bet than a vaccine. Just to balance out my good intentions, I am going to put some in Boo as well. Sure they will have to make some improvements in workers conditions & hopefully their sp will recover in a few months & has the potential to continue to grow.

[gav_sw20]

SAE could be a good shout as dropped to 13p today. Could be a quick win for some.

PrimaryBid were offering at 12p share issue this morning but it's ended now

[ha_banos]

I just bought into 7kg of silver. Lets see where its at in 3-5 years.....

[gojira]

I just bought into 7kg of silver. Lets see where its at in 3-5 years.....

I have thought about buying a bit of silver or gold myself but the price for the both of them is very high right now and I have no clue how this works. Silver hasn't been at this level for seven years and has risen 13% since Monday. Aren't you afraid that it will take a plunge in the next few days?
But I know a guy in Spain who just invested a substantial amount into gold so maybe the both of you did the right thing.
Did you buy it through your bank or a broker? Is there something like a stocking fee? Because my guess is that you didn't just purchased seven kilo ingots and put them under the bed.

Personally it looks rather good for me now on my job side as the current owner of the store has found a buyer and the transaction should be finalized before the end of the year. That should give me a few more years unless the future owners are as stupid as the current one and start taking bad decisions by the dozen but I have already met them for a two and a half hour interview and they look like bright people who know what they are doing. So I'm looking to invest some of my savings right now but am nit sure which way. The stock market is weird right now, I have lost and made some money in it in the past but I'm not ready to invest a substantial amount. My life insurance doesn't bring anything so I kinda forgot about it and deducted my monthly payments into it to the lowest amount possible. If I had the money I would buy a flat in Paris but sadly I can't afford it and I don't want to take a loan to pay for one. That's why I have been looking at precious metals lately.

[ha_banos]

I have thought about buying a bit of silver or gold myself but the price for the both of them is very high right now and I have no clue how this works. Silver hasn't been at this level for seven years and has risen 13% since Monday. Aren't you afraid that it will take a plunge in the next few days?
But I know a guy in Spain who just invested a substantial amount into gold so maybe the both of you did the right thing.
Did you buy it through your bank or a broker? Is there something like a stocking fee? Because my guess is that you didn't just purchased seven kilo ingots and put them under the bed.

Personally it looks rather good for me now on my job side as the current owner of the store has found a buyer and the transaction should be finalized before the end of the year. That should give me a few more years unless the future owners are as stupid as the current one and start taking bad decisions by the dozen but I have already met them for a two and a half hour interview and they look like bright people who know what they are doing. So I'm looking to invest some of my savings right now but am nit sure which way. The stock market is weird right now, I have lost and made some money in it in the past but I'm not ready to invest a substantial amount. My life insurance doesn't bring anything so I kinda forgot about it and deducted my monthly payments into it to the lowest amount possible. If I had the money I would buy a flat in Paris but sadly I can't afford it and I don't want to take a loan to pay for one. That's why I have been looking at precious metals lately.

Good news on the shop front Mike. Good to hear it.

Always investing is a job in itself. Shove a load of money into a sensible fund for a lower risk 4% return through a managed advisor. Seems hardly worth it, but that's today's riskier equivalent of bank interest. I use bullion vault. Have done for 10 years. Not a huge holding, but significant.

Gold and silver have turned into interesting investments! I've been holding some silver and gold for years. There's silver has only just returned to the levels I bought in at! So now I buy some more? I'm rubbish at this... More people coming into precious metals now. So hoping long term this will be wise... And gold is more overpriced than silver apparently so silver should do a bit better. Gold had made huge gains recently. But I'll not be retiring any time soon! A friend of mine put 6 figures into gold about 10 years ago. Wise in hindsight as always. Hope silver does what they are talking about. Triple figures per ounce! But who really understands...

But yes I'm thinking about a flat in London or somewhere better value. Especially as there's no stamp duty right now. Even if I do take out a loan it's all about the income assuming prices don't drop...

Crazy times...

Missed out on a 40% spike in the NASDAQ recently too. Bigger in AMD stock. But I'm not wealthy enough to invest much of my money with a risk. I don't think this game is for me so need to be cautious.

Only invest what you can afford to lock away or lose... Is always the advice...

But this price hike in metals will impact mining too.....

[gojira]

Good news on the shop front Mike. Good to hear it.

Always investing is a job in itself. Shove a load of money into a sensible fund for a lower risk 4% return through a managed advisor. Seems hardly worth it, but that's today's riskier equivalent of bank interest. I use bullion vault. Have done for 10 years. Not a huge holding, but significant.

Gold and silver have turned into interesting investments! I've been holding some silver and gold for years. There's silver has only just returned to the levels I bought in at! So now I buy some more? I'm rubbish at this... More people coming into precious metals now. So hoping long term this will be wise... And gold is more overpriced than silver apparently so silver should do a bit better. Gold had made huge gains recently. But I'll not be retiring any time soon! A friend of mine put 6 figures into gold about 10 years ago. Wise in hindsight as always. Hope silver does what they are talking about. Triple figures per ounce! But who really understands...

But yes I'm thinking about a flat in London or somewhere better value. Especially as there's no stamp duty right now. Even if I do take out a loan it's all about the income assuming prices don't drop...

Crazy times...

Missed out on a 40% spike in the NASDAQ recently too. Bigger in AMD stock. But I'm not wealthy enough to invest much of my money with a risk. I don't think this game is for me so need to be cautious.

Only invest what you can afford to lock away or lose... Is always the advice...

But this price hike in metals will impact mining too.....

Cheers Banos. I have a few years to go until I can retire so I really hope that it will work out with the new owners.

I have looked rather quickly into bullion vault and they exist in France. They have a stocking fee of 0.04% (minimum $8) per month. I will have to do the math on this but I might buy a few kilos if the the price goes down a bit. The only downside is that they stock the silver/gold outside of France and it's a pain in the butt to declare something like this on my tax form.

I might look if I can't buy some directly and stock them under the bed. We have a few guys who deal with stuff like this in Paris but I think that they charge you quite a bit more when you buy and sell.

A flat is no option for me since I don't want to take out a loan. I hate banks and I hate loans even more.

When it comes to the stock market outside of France I won't play it. I'm not good with my tax form and the French government is rather greedy when it comes to money made outside of France, hell they're extremely greedy when it comes to money made in France!

I might buy a little more blue chip stock when the time is right such as LVMH but the market is kinda weird right now and might plunge again. I'm waiting for the plunge and will invest then as I didn't have the guts to invest a few months ago when almost all stock dropped by 25% or more.

[ha_banos]

Regarding stocks we have ISA accounts which are tax free.

Physical precious metals which are legal tender are not taxable I believe. But yes shifting physical thing will be harder and there will be more costs. You'll have to work it out with the tax man I'm afraid...

Loans and interest Vs appreciation and income are all maths. Loans are part of modern life. If you can do the math you can use them or not.

[gojira]

Regarding stocks we have ISA accounts which are tax free.

Physical precious metals which are legal tender are not taxable I believe. But yes shifting physical thing will be harder and there will be more costs. You'll have to work it out with the tax man I'm afraid...

Loans and interest Vs appreciation and income are all maths. Loans are part of modern life. If you can do the math you can use them or not.

We have something similar to the ISA but it only works with French stock and you will have to keep your benefits in the account for at least 8 years. If you use a regular stock account you are taxed 30% of your benefits and will have to pay income tax on the remaining 70%.

The same applies to benefits made on precious metals. You roughly pay 40% to 50% of your benefits to the government here (depending on your income tax percentage).

Yeah, no loans for me. The only money my bank gets from me is the fee they charge when I buy and sell stock. Otherwise everything is free for me as I'm into online banking.