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Savings and Investments thread
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I left you a comment in the crypto thread - but can you link to what you’re talking about please? I said in the crypto thread you’ve just combined two terms together - is it the name of something?Greenhithe said:I know nothing about any of this and don’t understand it. BUT have been asked to put money into something called AMMdefi. It invests your money into various crypto things. Lots of my friends are making a lot of money on it. Anyone heard of it or is it a dodgy ponzu type thing?0 -
Also thisFortune 82nd Minute said:
One of the best bits of advice I was given is never invest in something you don't understand.Greenhithe said:I know nothing about any of this and don’t understand it. BUT have been asked to put money into something called AMMdefi. It invests your money into various crypto things. Lots of my friends are making a lot of money on it. Anyone heard of it or is it a dodgy ponzu type thing?
It has stood me well over the years.0 -
AvoidGreenhithe said:I know nothing about any of this and don’t understand it. BUT have been asked to put money into something called AMMdefi. It invests your money into various crypto things. Lots of my friends are making a lot of money on it. Anyone heard of it or is it a dodgy ponzu type thing?2 -
US inflation rate turns downwards, markets bounce.
@WishIdStayedinthePub the reason I expressed some confidence that inflation might be peaking was that I'd read something in the FT by somebody who had looked at a set of underlying figures (for the US) which gave him confidence that it was already lower than the headline rate. Wish I could remember which article, as he has been proved dead right.
It then seemed to me that the US seems to lead world economies into and out of inflationary spirals, but I was just thinking this morning that maybe that's too broad a view to be reliable, and perhaps especially not the UK. But it also looks to have peaked locally here, if not next-door in Germany -that might be the next one to look for.1 -
Well, this all suddenly looks a lot better, doesn't it?
Not counting on keeping these levels mind. I've managed to execute sell orders at target price on my grossly underperforming Jupiter and Schroder shares, as both surged 7-8% just in the afternoon. It'll be interesting to see where that Life Strategy fund is tomorrow.0 -
Hear hear.Fortune 82nd Minute said:
One of the best bits of advice I was given is never invest in something you don't understand.Greenhithe said:I know nothing about any of this and don’t understand it. BUT have been asked to put money into something called AMMdefi. It invests your money into various crypto things. Lots of my friends are making a lot of money on it. Anyone heard of it or is it a dodgy ponzu type thing?
It has stood me well over the years.0 -
I'm sticking with Jupiter but it has been a dog! I think the dividend is suspect.PragueAddick said:Well, this all suddenly looks a lot better, doesn't it?
Not counting on keeping these levels mind. I've managed to execute sell orders at target price on my grossly underperforming Jupiter and Schroder shares, as both surged 7-8% just in the afternoon. It'll be interesting to see where that Life Strategy fund is tomorrow.
I'm having a very good day today but the consensus was that this CPI release would be positive, the markets would rally and then eventually the FED would have to talk them back down again. Doesn't change the 'fixed income' view, just that in the coming days it may be worth taking some profits in stocks.0 -
Yes, it appears the US inflation news has really perked up the markets. The broader US ones are 5% up and most European markets are up around 3%. FTSE lagging behind a bit but still up over 1%. Will make our end of year predictions a lot different to where we were a few weeks back (I had 7050 😔).PragueAddick said:Well, this all suddenly looks a lot better, doesn't it?
Not counting on keeping these levels mind. I've managed to execute sell orders at target price on my grossly underperforming Jupiter and Schroder shares, as both surged 7-8% just in the afternoon. It'll be interesting to see where that Life Strategy fund is tomorrow.
In general, inflation is set to start falling & within 12 months will be between 3%-4%. Base rates will follow suit & by the time of the next GE will be 3% and looking to go lower.
Crisis.....what crisis.2 -
Yes a good day, glad I stuck it out, especially my US.0
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I did say (to everyone not just you) to hang in there & wait for things to recover. By all accounts inflation should be peaking & on the way down next year. Likewise base rates, although they are likely to go up to 4%-4.5% by mid 2023 & then slowly come down again by end 2024/early 2025.Rob7Lee said:Yes a good day, glad I stuck it out, especially my US.
As they say, its always darkest before the dawn.0 - Sponsored links:
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No guarantees the gains we have seen today mean we have "turned a corner". Lets see,0
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Easy, tiger😉golfaddick said:
Yes, it appears the US inflation news has really perked up the markets. The broader US ones are 5% up and most European markets are up around 3%. FTSE lagging behind a bit but still up over 1%. Will make our end of year predictions a lot different to where we were a few weeks back (I had 7050 😔).PragueAddick said:Well, this all suddenly looks a lot better, doesn't it?
Not counting on keeping these levels mind. I've managed to execute sell orders at target price on my grossly underperforming Jupiter and Schroder shares, as both surged 7-8% just in the afternoon. It'll be interesting to see where that Life Strategy fund is tomorrow.
In general, inflation is set to start falling & within 12 months will be between 3%-4%. Base rates will follow suit & by the time of the next GE will be 3% and looking to go lower.
Crisis.....what crisis.0 -
Looking rosey @bobmunroFTSE100 Level 7,392.80 Name Level Variance % Variance bobmunro 7398 5.2 0.07% CharltonKerry 7375 17.8 0.24% Covered End 7412 19.2 0.26% Bangkokaddick 7415 22.2 0.30% LargeAddick 7347 45.8 0.62% Morboe 7337 55.8 0.75% blackpool72 7450 57.2 0.77% Jamescafc 7325 67.8 0.92% Daarrrzzettbum 7323 69.8 0.94% TheGhostofTomHovi 7476 83.2 1.13% cafcpolo 7303 89.8 1.21% CAFCWest 7299 93.8 1.27% RalphMilne 7496 103.2 1.40% Lonelynorthernaddick 7500 107.2 1.45% Hoof_it_up_to_benty 7265 127.8 1.73% fat man on a moped 7252 140.8 1.90% HardyAddick 7250 142.8 1.93% wwaddick 7250 142.8 1.93% holyjo 7543 150.2 2.03% CAFC, we hate palace 7550 157.2 2.13% StrikerFirmani 7550 157.2 2.13% Rob7Lee 7234 158.8 2.15% cafc7-6htfc 7202 190.8 2.58% Thread Killer 7166 226.8 3.07% Fortune 82nd Minute 7159 233.8 3.16% PragueAddick 7140 252.8 3.42% Addick Addict 7652 259.2 3.51% Pedro45 7133 259.8 3.51% guinnessaddick 7654 261.2 3.53% thecat 7124 268.8 3.64% Gary Poole 7074 318.8 4.31% golfaddick 7050 342.8 4.64% @TelMc32 7777 384.2 5.20% WishIdStayedInThe Pub 7000 392.8 5.31% meldrew66 6977 415.8 5.62% IdleHans 6950 442.8 5.99% valleynick66 7899 506.2 6.85% MrOneLung 7955 562.2 7.60% oohaahmortimer 6789 603.8 8.17% KentAddick 6750 642.8 8.69% Er_Be_Ab_Pl_Wo_Wo_Ch 6500 892.8 12.08% No.1 in South London 6475 917.8 12.41% 0 -
The Fat Lady's just taking a breather and feeding her bear...
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Spoke with another fund manager who says that Bonds have been oversold & that they are now buying back in. Good quality Corporate Bonds (AA & AAA's) & short dated Gilts. If you are buying funds rather than direct then might be best to look at Strategic Bond funds.
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Question about bond funds. If you have holdings in a fund, do you actually benefit from the yield? Or is the fund price just a consolidation of the price of the bonds at that moment?golfaddick said:Spoke with another fund manager who says that Bonds have been oversold & that they are now buying back in. Good quality Corporate Bonds (AA & AAA's) & short dated Gilts. If you are buying funds rather than direct then might be best to look at Strategic Bond funds.With an equity fund you can effectively collect the dividends as you go, or choose the version of the fund which reinvests the dividends of its holdings (the accumulation variant) But with bond funds the yields are not fixed or defined, right? If you have a 10 year government fixed interest bond you have to wait for the 10 years, as does any fund that holds such a bond….so that makes it impossible to add back to the fund value as dividends do?“Confused and dense” of Prague thanks you!0 -
No, they are basically the same as any other fund in as much as you can have accumulation or income units. The good thing with a Bond fund is that you know the income/dividend up front unlike an equity fund where the dividend can fluctuate (or be not paid at all). If you invest it a Gilt fund, say 4% until 2030 you know you are getting 4%pa until 2030 when you then get your capital back. In reality fund managers buy & sell these and probably dont hold them until full maturity, but in the meantime if you hold accumulation units in the fund you will get an increase in the unit price at dividend time. I think thars right but it's been over 30 years since I priced up a unit trust - back then we had bid/offer spreads to worry about first 😄 but in essence the yield is either paid out as income or retained in the fund if accumulated.PragueAddick said:
Question about bond funds. If you have holdings in a fund, do you actually benefit from the yield? Or is the fund price just a consolidation of the price of the bonds at that moment?golfaddick said:Spoke with another fund manager who says that Bonds have been oversold & that they are now buying back in. Good quality Corporate Bonds (AA & AAA's) & short dated Gilts. If you are buying funds rather than direct then might be best to look at Strategic Bond funds.With an equity fund you can effectively collect the dividends as you go, or choose the version of the fund which reinvests the dividends of its holdings (the accumulation variant) But with bond funds the yields are not fixed or defined, right? If you have a 10 year government fixed interest bond you have to wait for the 10 years, as does any fund that holds such a bond….so that makes it impossible to add back to the fund value as dividends do?“Confused and dense” of Prague thanks you!3 -
Interesting budget yesterday, quite a lot of less spoken about bits some on here may be effected by;
Dividend allowance moving from £2k to £1k (2023) and the following year down to £500
Capital gains allowance more than halving to £6k (2023)0 -
Yes, there is always a lot of smaller (!) stuff hidden away that is never mentioned by the commentators. The CGT one is quite a biggie really as many people have gains on investments & £6k is nothing really, and then in 2024 it's going down to just £3k !!!! Ridiculous.Rob7Lee said:Interesting budget yesterday, quite a lot of less spoken about bits some on here may be effected by;
Dividend allowance moving from £2k to £1k (2023) and the following year down to £500
Capital gains allowance more than halving to £6k (2023)
Good job I sold my property this year. It was rented out for the last 3 years & I just managed to keep the gain below £12k (after fees etc).
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Can I get a capital gains rebate on the shares I have lost money on? 😏0
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Extra value of ISA's now where gains protected from taxes, and of course pension funds.golfaddick said:
Yes, there is always a lot of smaller (!) stuff hidden away that is never mentioned by the commentators. The CGT one is quite a biggie really as many people have gains on investments & £6k is nothing really, and then in 2024 it's going down to just £3k !!!! Ridiculous.Rob7Lee said:Interesting budget yesterday, quite a lot of less spoken about bits some on here may be effected by;
Dividend allowance moving from £2k to £1k (2023) and the following year down to £500
Capital gains allowance more than halving to £6k (2023)0 -
Particularly damaging for small businesses and entrepreneurship.Rob7Lee said:Interesting budget yesterday, quite a lot of less spoken about bits some on here may be effected by;
Dividend allowance moving from £2k to £1k (2023) and the following year down to £500
Capital gains allowance more than halving to £6k (2023)0 -
My wife is on the phone as I type this to her accountant. It sounds like consideration may be given to coming off dividends and going back to PAYE as the divi scheme seems to have run its course. Also, more PAYE will reduce the profit so resulting in less Corporation tax to pay.redman said:
Particularly damaging for small businesses and entrepreneurship.Rob7Lee said:Interesting budget yesterday, quite a lot of less spoken about bits some on here may be effected by;
Dividend allowance moving from £2k to £1k (2023) and the following year down to £500
Capital gains allowance more than halving to £6k (2023)0 -
eaststandmike said:
redman said:
Rob7Lee said:
Interesting budget yesterday, quite a lot of less spoken about bits some on here may be effected by;
Dividend allowance moving from £2k to £1k (2023) and the following year down to £500
Capital gains allowance more than halving to £6k (2023)
Particularly damaging for small businesses and entrepreneurship.
My wife is on the phone as I type this to her accountant. It sounds like consideration may be given to coming off dividends and going back to PAYE as the divi scheme seems to have run its course. Also, more PAYE will reduce the profit so resulting in less Corporation tax to pay.
Will it offset the big jump in NI contributions though?
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WTF happened with that!1
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Zynex shares up another 40c or 3% this morning to $14.22, up 96% in the last 6 months, admittedly from a low level. I hope TS is oiling the hinges on his wallet.
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