Savings and Investments thread

PragueAddick said:

The FT Alphaville people have cracked the calculations behind Trump‘s tariffs. It’s terrifying – the work of children (Trump‘s mob, not the alphaville people)  https://on.ft.com/4jlBHsBReciprocal tariffs: you won’t believe how they came up with the numbers

You couldn't make this stuff up. The ultimate logic is that every country that runs a trade surplus with the US is cheating - this has nothing to do with reciprocal tariffs.

I can't believe that the US has let this crap go ahead. There are plenty of economically illiterate in the world but you don't expect one of them to be US Prrsident.

Almost feels like a hoax.

Can’t help but think he’s just shorting the markets to make a load of cash!

My Finance people have gone undercover and the website is no longer functioning. I guess they don’t want me to see if there are any remaining pennies left in my investments following trumpy’s announcement of increased tariffs. I assume there’s FA I can do about it now other than to stick it out (ooh arh matron) unless you know otherwise. I was thinking of using my ISA allowance in my ISA S&S as its buying whilst S&S are low but should I just open a Cash ISA until things return to normal.  Will normality ever return? 

Confused Solidgone!

Would someone be helpful and clarify whether the LLoyds ordinary shares are valued at 70p or £70.36

IdleHans said:

70p

Thanks

Er_Be_Ab_Pl_Wo_Wo_Ch said:

golfaddick said:

Covered End said:

Er_Be_Ab_Pl_Wo_Wo_Ch said:

Dumb ISA question -

I've opened, this week, a S&S ISA account for me, and another for my Mrs. Will be putting a chunk of change into each before the April 5th tax year deadline. Is it enough just to have the money sitting in the ISA wrappers by 5th, or does the money need to be invested by then too?

You can put in the cash and invest in S&S at a later date.

It all depends on the provider. Where is it going into initially  ?   A holding account  ?  What instructions do you have to invest?  Some need a fund or other entity for it to be "invested".  

It'll go into ISAs wrappers I've already set up with Interactive Investor, non-managed - ok, thanks @golfaddick I best give them a shout as no universal rule. I'll be buying into funds, I'm fine with that bit, it's only that tax-year eligibility bit I'm unsure of.

I got my answer from Interactive Investor - it's in the wrapper and that's enough to be in the 24/25 tax year for them. I didn't specifically need to put it in a cash ISA in the meantime. Thanks also @cafctom and @Covered End for your thoughts!

Now to decide whether to risk catching a falling knife or wait it out a little longer.

Huskaris said:

Rob7Lee said:

Can’t help but think he’s just shorting the markets to make a load of cash!

The level of volatility (both stock market and crypto) is a really, really powerful way for someone in the know to make a lot of money. 

I really hope someone is looking into it as it could be the biggest financial scandal in modern times, and as someone who doesn't have Trump derangement syndrome, I find it completely plausible. 

I don't think Trump or a lot of his wealthier supporters would see anything wrong in manipulating markets to line their pockets. The Republican Party now functions as a cult and checks and balances are gradually being dismantled.

Trump knows he is above the rule of law.

It makes me laugh that penguins and seals have done a better job negotiating tarrifs with the USA than the European Union has.