I'm currently shorting silver after the latest WallStreetBets initiative.
I don't think you can get away with stuff like that on something as big as silver.
Unfortunately I couldn't find anywhere on Monday where I could short Gamestop...
Wall Street Bets has been advising everyone not to buy silver. It's been interesting seeing it spread as fake news, because there's obviously an agenda/money behind it.
Interesting, definitely being reported in parts of the media that it is them, and to be fair, they sure are talking about silver a lot at the moment...
As a mere novice all I've used for my SIPP have been absolute return funds. They are a kind of "hedge" as they both go short & long on their investments. For example, Argonaut Absolute Return fund is a UK equity fund that has about a 30% short position. Worked well for me last year when the markets fell as it bucked the trend & went up. At the time I was primarily using it as a hedge against any Brexit problems......not knowing obviously that Covid would have a much bigger impact.
Going forward I'm hearing that absolute return Bond funds are the best thing for your fixed interest investments - same premise that the fund managers try to "hedge" the market on Government & Corporate bonds.
Not for me but thanks. Just find it interesting to see/hear different people's investment interests.
Ah sorry I meant "you" in a general sense.
I actually haven't "shorted" anything before. Everything else I have investment wise is in Vanguard funds.
I just think that when you can see something that is priced incorrectly, and will be corrected in the short term, you can fix make a quick profit quite easily.
Not for me but thanks. Just find it interesting to see/hear different people's investment interests.
Ah sorry I meant "you" in a general sense.
I actually haven't "shorted" anything before. Everything else I have investment wise is in Vanguard funds.
I just think that when you can see something that is priced incorrectly, and will be corrected in the short term, you can fix make a quick profit quite easily.
Very interesting on the silver goings on in the past couple of days. Not behind a paywall.
Four ways to short anything, that I know of:
1. spread betting, as @Huskaris says, is probably the easiest and, as it's classed as betting, no capital gains tax; 2. CFDs, which are similar but gains are taxable 3. options (in this case puts, put spreads and ratio spreads) - need a specialist broker, like Interactive Brokers; taxable 4. ETFs, like those from Wisdom Tree - you can trade these as normal listed securities inside an ISA or SIPP, so can shield any gains from tax.
3. are the safest but take quite a bit of knowledge to understand them, so not for the causal investor, which is a shame really as they are very safe effective tools when used correctly.
I would steer clear of the others - I've only ever lost money on all of them. Significant money.
Some of the ETFs can be OK but wouldn't recommend the leveraged ones. The shorts, in particular, have a 'drag' - you only have to look at the long term price graphs to see where they end up.
I'm a Trustee of a Friendly society, we have now 52 properties and are about to buy another 3 or 4. I have to say if you look at the return over the years both with income and capital growth it's phenomenal.
£25 this month. Better than a poke in the eye. Better news, I’ve taken my pension early (56) from a dreadful place I worked for 9 months. £41 a month! That will pay for the valley pass I guess!
Seems like the Reddit stuff is over and a lot of retail investors are gonna lose a lot of money. Has been interesting to watch but i do feel bad for some of the people there still putting thousands into this stock...
£25 on the premium bonds. Zynex up 7% (though I sold half my investment after the last big jump) and my cannabis stock ETF up 9% and all my GBP holdings up as well. Good day (not football-wise of course!)
Decided to buck the trend and buy silver! Let's see.
£25 on the premium bonds. Zynex up 7% (though I sold half my investment after the last big jump) and my cannabis stock ETF up 9% and all my GBP holdings up as well. Good day (not football-wise of course!)
Decided to buck the trend and buy silver! Let's see.
Out of interest what Cannabis ETF are you using? I think it'll be a booming market pretty soon, a lot of small companies will try and be one of the big one on the scene and not make it against the competition so I'd rather not invest in a singular company
£25 on the premium bonds. Zynex up 7% (though I sold half my investment after the last big jump) and my cannabis stock ETF up 9% and all my GBP holdings up as well. Good day (not football-wise of course!)
Decided to buck the trend and buy silver! Let's see.
Out of interest what Cannabis ETF are you using? I think it'll be a booming market pretty soon, a lot of small companies will try and be one of the big one on the scene and not make it against the competition so I'd rather not invest in a singular company
if cannabis gets worldwide legality then guaranteed it will be what the tobacco companies pivot to and will hoover up the market.
£25 on the premium bonds. Zynex up 7% (though I sold half my investment after the last big jump) and my cannabis stock ETF up 9% and all my GBP holdings up as well. Good day (not football-wise of course!)
Decided to buck the trend and buy silver! Let's see.
Out of interest what Cannabis ETF are you using? I think it'll be a booming market pretty soon, a lot of small companies will try and be one of the big one on the scene and not make it against the competition so I'd rather not invest in a singular company
if cannabis gets worldwide legality then guaranteed it will be what the tobacco companies pivot to and will hoover up the market.
£25 on the premium bonds. Zynex up 7% (though I sold half my investment after the last big jump) and my cannabis stock ETF up 9% and all my GBP holdings up as well. Good day (not football-wise of course!)
Decided to buck the trend and buy silver! Let's see.
Out of interest what Cannabis ETF are you using? I think it'll be a booming market pretty soon, a lot of small companies will try and be one of the big one on the scene and not make it against the competition so I'd rather not invest in a singular company
if cannabis gets worldwide legality then guaranteed it will be what the tobacco companies pivot to and will hoover up the market.
That's what i'm thinking, a lot of small players will come in to the market hoping to take a big chunk of the market, but you can be sure a lot of the big companies will diversify and monopolise the majority of it, hence the etf should track it better
£25 on the premium bonds. Zynex up 7% (though I sold half my investment after the last big jump) and my cannabis stock ETF up 9% and all my GBP holdings up as well. Good day (not football-wise of course!)
Decided to buck the trend and buy silver! Let's see.
Out of interest what Cannabis ETF are you using? I think it'll be a booming market pretty soon, a lot of small companies will try and be one of the big one on the scene and not make it against the competition so I'd rather not invest in a singular company
I'm in the ETFMG Alternative Harvest ETF. Ticker MJ. It's a USD fund on the NYSE. I invested in November at $13. It's now over $23. Totally agree an ETF is the way to go and even the ETFs can be very volatile.
I see GameStop continues to go down, hopefully people were able to get out and take a profit rather than a loss, we know it hurt the hedge fund but must be a lot of people sitting on losses right now.
I see GameStop continues to go down, hopefully people were able to get out and take a profit rather than a loss, we know it hurt the hedge fund but must be a lot of people sitting on losses right now.
This might sound harsh....but more fool them. Lots of people thought it was just a wheeze to get at the "money men" and had no thought that they could lose it all. Investing is not a game.....and the more that people realise that the better.
I'm a Trustee of a Friendly society, we have now 52 properties and are about to buy another 3 or 4. I have to say if you look at the return over the years both with income and capital growth it's phenomenal.
Yes but only for retirement income as provides steady income if done properly. Capital growth nice and steady which I regard as long term bonus. I used to be Trustee of 2 charitable Housing Associations which have done very well. I used to work in finance, latterly mostly property finance which helps!
I'm a Trustee of a Friendly society, we have now 52 properties and are about to buy another 3 or 4. I have to say if you look at the return over the years both with income and capital growth it's phenomenal.
Yes but only for retirement income as provides steady income if done properly. Capital growth nice and steady which I regard as long term bonus. I used to be Trustee of 2 charitable Housing Associations which have done very well. I used to work in finance, latterly mostly property finance which helps!
Well done. We’re less concerned about capital growth as income is the most important to us although the vast majority of ours we’ve owned since built nearly 100 years ago so the capital growth is around 25,000% 😂 crazy really.
if anyone knows of anyone run down houses available in Dartford let me know 👍
I see GameStop continues to go down, hopefully people were able to get out and take a profit rather than a loss, we know it hurt the hedge fund but must be a lot of people sitting on losses right now.
So no interest rate rise/reduction from the BoE today as expected, but they have asked banks to prepare for negative interest rates in the future. I still think that is highly unlikely and even less likely to make it's way down to savers/deposits, but a loose warning to not keep too much in cash if you can help it.
NatWest used to record interest rates in 1/8’s when I worked on their accounting system and it started from 0 so can confirm could not do negative interest rates. I think they then upgrade the system to record interest rates in 1/1000 but again wouldn’t have considered negative interest rates.
I assume that most other banks would have been similar. To cater for negative interest rates would take them 6 to 12 months development time for a team of 6 to 10 people to work on, based on my experience of their systems and development cycles/testing.
NatWest used to record interest rates in 1/8’s when I worked on their accounting system and it started from 0 so can confirm could not do negative interest rates. I think they then upgrade the system to record interest rates in 1/1000 but again wouldn’t have considered negative interest rates.
I assume that most other banks would have been similar. To cater for negative interest rates would take them 6 to 12 months development time for a team of 6 to 10 people to work on, based on my experience of their systems and development cycles/testing.
As someone from a Digital bank said, “at least we don’t have to switch off for 2 hours to put the clocks back”
The BofE has been talking to Banks about negative interest rates for over 6 months & this is one if the reasons why - making sure that they have the systems in place to cope with it.
FWIW, I don't think negative rates will come in - certainly not for retail customers. The BofE don't want to see people pulling money out of "safe havens" and having to find somewhere else to put it. Would be like having a run on a bank & would cause unease & even panic for some people.
The BofE has been talking to Banks about negative interest rates for over 6 months & this is one if the reasons why - making sure that they have the systems in place to cope with it.
FWIW, I don't think negative rates will come in - certainly not for retail customers. The BofE don't want to see people pulling money out of "safe havens" and having to find somewhere else to put it. Would be like having a run on a bank & would cause unease & even panic for some people.
Too late - I've already hollowed out a mattress in anticipation!
I was still getting over 1% at Charter Savings Bank but that's all ending. I had a pot of cash in a fixed rate 1 year bond, which is maturing. The new rate they offer is 0.55%. I keep this cash pot as a separate stash for healthcare needs (paid into this instead of paying the exorbitant premiums that expats pay to BUPA or PPP, and it has handsomely paid off so far because thankfully nothing happened to call on the cash).
But I think I will now have to put this into a low cost, low risk tracker portfolio. I'm pretty sure I can beat half a percent this year.
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I'd only recommend it if you want to do it for a short period though.
Going forward I'm hearing that absolute return Bond funds are the best thing for your fixed interest investments - same premise that the fund managers try to "hedge" the market on Government & Corporate bonds.
Best thing I can come up with I'm afraid.
This is getting a bit silly now, although it did put me in mind of a certain lifer. Probably worth a short?
I actually haven't "shorted" anything before. Everything else I have investment wise is in Vanguard funds.
I just think that when you can see something that is priced incorrectly, and will be corrected in the short term, you can fix make a quick profit quite easily.
Silver is down 7.2%, today.
https://www.ft.com/content/77e6fef6-37ff-4f8e-abd6-4c2d65ac120c
Very interesting on the silver goings on in the past couple of days. Not behind a paywall.
1. spread betting, as @Huskaris says, is probably the easiest and, as it's classed as betting, no capital gains tax;
2. CFDs, which are similar but gains are taxable
3. options (in this case puts, put spreads and ratio spreads) - need a specialist broker, like Interactive Brokers; taxable
4. ETFs, like those from Wisdom Tree - you can trade these as normal listed securities inside an ISA or SIPP, so can shield any gains from tax.
3. are the safest but take quite a bit of knowledge to understand them, so not for the causal investor, which is a shame really as they are very safe effective tools when used correctly.
I would steer clear of the others - I've only ever lost money on all of them. Significant money.
Some of the ETFs can be OK but wouldn't recommend the leveraged ones. The shorts, in particular, have a 'drag' - you only have to look at the long term price graphs to see where they end up.
I'm a Trustee of a Friendly society, we have now 52 properties and are about to buy another 3 or 4. I have to say if you look at the return over the years both with income and capital growth it's phenomenal.
I'm in the ETFMG Alternative Harvest ETF. Ticker MJ. It's a USD fund on the NYSE. I invested in November at $13. It's now over $23. Totally agree an ETF is the way to go and even the ETFs can be very volatile.
if anyone knows of anyone run down houses available in Dartford let me know 👍
I assume that most other banks would have been similar. To cater for negative interest rates would take them 6 to 12 months development time for a team of 6 to 10 people to work on, based on my experience of their systems and development cycles/testing.
FWIW, I don't think negative rates will come in - certainly not for retail customers. The BofE don't want to see people pulling money out of "safe havens" and having to find somewhere else to put it. Would be like having a run on a bank & would cause unease & even panic for some people.
Too late - I've already hollowed out a mattress in anticipation!
But I think I will now have to put this into a low cost, low risk tracker portfolio. I'm pretty sure I can beat half a percent this year.