Attention: Please take a moment to consider our terms and conditions before posting.
Savings and Investments thread
Comments
-
Yeah....been busy with end of tax year stuff. Calculating clients CGT positions & advising on where to put their money before Saturdays deadline.......as you know there will be someone ringing me Sat afternoon wanting to process their ISA contribution !PragueAddick said:
Call yourself a professional? 😉golfaddick said:What's all this about penguins ? What have I missed ?
1 -
Well, we're not allowed to talk about it, because 'politics'. I wouldn't worry though, it's not like it's important or anything...hoof_it_up_to_benty said:
If it does turn out he is guilty of manipulating markets then as others have said it will be the biggest financial scandal of modern times. The whole structure would be f***ed.Leroy Ambrose said:
Don't think so. He's absolutely cooked if he backs down that quickly. Needs at least a month before he can spin it to 'enemies of the US are conspiring against us'. Bonus - the longer it goes on, the more his buddies make out of the tank. Expect he'll use it as a pretext to bomb Iran, or annex Greenland, or invade the MoonSantaClaus said:I suspect that within 48 hours Trump will reverse his tariff decision but not before all his Billionaire mates have made obscene profits buying stock at rock bottom prices.
Wtf is going on in the USA?4 -
7 -
hoof_it_up_to_benty said:
If it does turn out he is guilty of manipulating markets then as others have said it will be the biggest financial scandal of modern times. The whole structure would be f***ed.Leroy Ambrose said:
Don't think so. He's absolutely cooked if he backs down that quickly. Needs at least a month before he can spin it to 'enemies of the US are conspiring against us'. Bonus - the longer it goes on, the more his buddies make out of the tank. Expect he'll use it as a pretext to bomb Iran, or annex Greenland, or invade the MoonSantaClaus said:I suspect that within 48 hours Trump will reverse his tariff decision but not before all his Billionaire mates have made obscene profits buying stock at rock bottom prices.
Wtf is going on in the USA?
That legal immunity the supreme court so thoughtfully handed him means Trump can't be guilty of anything he does in office.3 -
There are people on this forum that support his actions. 😐Leroy Ambrose said:
Well, we're not allowed to talk about it, because 'politics'. I wouldn't worry though, it's not like it's important or anything...hoof_it_up_to_benty said:
If it does turn out he is guilty of manipulating markets then as others have said it will be the biggest financial scandal of modern times. The whole structure would be f***ed.Leroy Ambrose said:
Don't think so. He's absolutely cooked if he backs down that quickly. Needs at least a month before he can spin it to 'enemies of the US are conspiring against us'. Bonus - the longer it goes on, the more his buddies make out of the tank. Expect he'll use it as a pretext to bomb Iran, or annex Greenland, or invade the MoonSantaClaus said:I suspect that within 48 hours Trump will reverse his tariff decision but not before all his Billionaire mates have made obscene profits buying stock at rock bottom prices.
Wtf is going on in the USA?0 -
Depends.......PragueAddick said:
Dear fellow mug-punters. I've said it before to those talking the Buy the Dip mantra. Even taking into account today's slide, here is the S&P 500. It's still nearly 5% up over 12 months. Personally I think there's further to fall. The brilliant minds on Wall Street still haven't fully absorbed that their genius turnip has slapped tariffs on a bunch of penguins.
I'm buying the NASDAQ now at circa 17% below what I sold for, S&P around 10% less.1 -
cafcnick1992 said:It makes me laugh that penguins and seals have done a better job negotiating tarrifs with the USA than the European Union has.
Seems it helped having his twin negotiating for the Penguins! 😉0 -
"The Trump administration has put a 10 percent tariff on the Heard and McDonald Islands…....which are inhabited only by penguins."golfaddick said:What's all this about penguins ? What have I missed ?0 -
Brilliant. Just shows that the idiots in charge have not got a scooby. I hope someone in the media over there points that out.Chris_from_Sidcup said:
"The Trump administration has put a 10 percent tariff on the Heard and McDonald Islands…....which are inhabited only by penguins."golfaddick said:What's all this about penguins ? What have I missed ?
1 -
There are maybe 2 or 3 absolute fucking idiots, and 2 active trolls. Nobody in their right mind thinks he's anything other than an utter, utter c*nt.Friend Or Defoe said:
There are people on this forum that support his actions. 😐Leroy Ambrose said:
Well, we're not allowed to talk about it, because 'politics'. I wouldn't worry though, it's not like it's important or anything...hoof_it_up_to_benty said:
If it does turn out he is guilty of manipulating markets then as others have said it will be the biggest financial scandal of modern times. The whole structure would be f***ed.Leroy Ambrose said:
Don't think so. He's absolutely cooked if he backs down that quickly. Needs at least a month before he can spin it to 'enemies of the US are conspiring against us'. Bonus - the longer it goes on, the more his buddies make out of the tank. Expect he'll use it as a pretext to bomb Iran, or annex Greenland, or invade the MoonSantaClaus said:I suspect that within 48 hours Trump will reverse his tariff decision but not before all his Billionaire mates have made obscene profits buying stock at rock bottom prices.
Wtf is going on in the USA?5 - Sponsored links:
-
Their 'media' is absolutely ludicrous. And even if there were a media outlet with the bollocks to stand up to him, and reach to make a difference, they're just shouted down and deafened by the increasingly unhinged Fox 'News'. I seriously don't think most people realise just how fucked that country is. Having worked over there multiple times over decades, I can state with complete assurance that it is a completely unhinged place that has been unravelling at the seams for years.golfaddick said:
Brilliant. Just shows that the idiots in charge have not got a scooby. I hope someone in the media over there points that out.Chris_from_Sidcup said:
"The Trump administration has put a 10 percent tariff on the Heard and McDonald Islands…....which are inhabited only by penguins."golfaddick said:What's all this about penguins ? What have I missed ?2 -
I've sought advice since last posting, and moved a few things around. My European fund has gone up of late. Anybody investing their pension across the globe should consider exchange rates as well as expert share projections... and diversification.
For not only is the S&P 500 down 4% today but $ is sliding too!
Some will want to sit this out and watch, whereas others like myself have partially divested from US funds. I certainly wouldn't advise others, but won't be looking to "buy the dip".
Why? Just feels like an attempt to catch a falling knife! Won't bore people with too many details but the SIPP is only one part of a strategy, and the main advantage is the tax benefits. Making a decent return every year would be great but bigger picture is to build up decent pot so as to top up state pension. So for that reason taking a bigger position in the FTSE.
As posted before, Trump is all over the place... except this is different. With Truss the markets took her out, but no such checks and balances in USA today.
His dumb AF routine with Putin & Zelenskyy has made zero difference to the conflict but has spelt out what the EU, Norway and UK need to do on defence. No idea what the final tariffs will raise but the point some note is that's going straight on to US inflation which will hit his base plus US business more than anybody.
And then there's the 1,000 people picked up by ICE, many of whom are being supported without due process.
Interesting times as they say!1 -
Plenty of time left to go yet1
-
So long as Trump says everything is brilliant then the US will just lap it up. There doesn't need to be any evidence.Leroy Ambrose said:
Their 'media' is absolutely ludicrous. And even if there were a media outlet with the bollocks to stand up to him, and reach to make a difference, they're just shouted down and deafened by the increasingly unhinged Fox 'News'. I seriously don't think most people realise just how fucked that country is. Having worked over there multiple times over decades, I can state with complete assurance that it is a completely unhinged place that has been unravelling at the seams for years.golfaddick said:
Brilliant. Just shows that the idiots in charge have not got a scooby. I hope someone in the media over there points that out.Chris_from_Sidcup said:
"The Trump administration has put a 10 percent tariff on the Heard and McDonald Islands…....which are inhabited only by penguins."golfaddick said:What's all this about penguins ? What have I missed ?
He is so deluded it's embarrassing- his supporters are just part of a cult.
4 -
8 -
3 -
It doesn't mean someone can't open a shell company on that island to avoid tariffs.golfaddick said:
Brilliant. Just shows that the idiots in charge have not got a scooby. I hope someone in the media over there points that out.Chris_from_Sidcup said:
"The Trump administration has put a 10 percent tariff on the Heard and McDonald Islands…....which are inhabited only by penguins."golfaddick said:What's all this about penguins ? What have I missed ?2 -
Across Western democracies we've all seen those who exploit social media to prosecute a political agenda by identifying emotions and feelings. Hence the advance of AfD, Wilders Le Pen & Farage etc.hoof_it_up_to_benty said:
So long as Trump says everything is brilliant then the US will just lap it up. There doesn't need to be any evidence.Leroy Ambrose said:
Their 'media' is absolutely ludicrous. And even if there were a media outlet with the bollocks to stand up to him, and reach to make a difference, they're just shouted down and deafened by the increasingly unhinged Fox 'News'. I seriously don't think most people realise just how fucked that country is. Having worked over there multiple times over decades, I can state with complete assurance that it is a completely unhinged place that has been unravelling at the seams for years.golfaddick said:
Brilliant. Just shows that the idiots in charge have not got a scooby. I hope someone in the media over there points that out.Chris_from_Sidcup said:
"The Trump administration has put a 10 percent tariff on the Heard and McDonald Islands…....which are inhabited only by penguins."golfaddick said:What's all this about penguins ? What have I missed ?
He is so deluded it's embarrassing- his supporters are just part of a cult.
Their supporters won't tolerate criticism, and claim victim status when their leaders are disbarred. But underneath this veneer, there's real data and real lives evolving... let's see how things evolve here under Labour, in Europe, USA and Canada.
NHS waiting lists are down by 35,000 a month and another BoE rate cut would really help business and mortgage payments... we absolutely need to defeat this scurge on democracy over here. No idea how things play out in USA.4 -
Chill out.Leroy Ambrose said:
There are maybe 2 or 3 absolute fucking idiots, and 2 active trolls. Nobody in their right mind thinks he's anything other than an utter, utter c*nt.Friend Or Defoe said:
There are people on this forum that support his actions. 😐Leroy Ambrose said:
Well, we're not allowed to talk about it, because 'politics'. I wouldn't worry though, it's not like it's important or anything...hoof_it_up_to_benty said:
If it does turn out he is guilty of manipulating markets then as others have said it will be the biggest financial scandal of modern times. The whole structure would be f***ed.Leroy Ambrose said:
Don't think so. He's absolutely cooked if he backs down that quickly. Needs at least a month before he can spin it to 'enemies of the US are conspiring against us'. Bonus - the longer it goes on, the more his buddies make out of the tank. Expect he'll use it as a pretext to bomb Iran, or annex Greenland, or invade the MoonSantaClaus said:I suspect that within 48 hours Trump will reverse his tariff decision but not before all his Billionaire mates have made obscene profits buying stock at rock bottom prices.
Wtf is going on in the USA?0 - Sponsored links:
-
5
-
Have a Capital Gains Tax question that I’m hoping someone on here might be able to help with. Have sold some shares, but for reasons I won’t bore you with, I had to do the sale via post. The sale of these shares was done in March, but the cheque for the sale arrived to me in April. For purposes of CGT, which financial year would these go towards, this or last year?0
-
I’m not sure it’s accurate to say tariffs caused the Great Depression.Friend Or Defoe said:0 -
If you have the cheque, then the sale has happened and we haven’t had financial year end yet. Seems obvious it is this tax year, unless I’m missing something in your post.PeakieRocket said:Have a Capital Gains Tax question that I’m hoping someone on here might be able to help with. Have sold some shares, but for reasons I won’t bore you with, I had to do the sale via post. The sale of these shares was done in March, but the cheque for the sale arrived to me in April. For purposes of CGT, which financial year would these go towards, this or last year?1 -
It's the date of the sale that counts. Tax year ends 5th April, so TelMc32 is quite right.3
-
At least some people live there, rather than just penguins!BBC News:
Some Canadians may be angry about Trump's policy, but others are finding it amusing.
One of the targets of Trump’s tariffs is Norfolk Island – a tiny Australian territory with about 2,200 residents.
The island’s been hit with a 29% tariff.
Locals say the economy relies on tourism and they don’t export anything to the US – so the tariff has become something of a running joke.
“Everyone's laughing about it,” Gye Duncan, a former resident, tells Reuters news agency. “They're either laughing about it or confused why because there's no real reason, or no logical reason why he (Trump) would do that.”
People on the island are hoping the sudden international attention will give them a much-needed publicity boost and attract more visitors to the rugged volcanic island in the southern Pacific.
5 -
Thanks both, I wrongly thought new tax year had already started, didn’t realise it was 5 April and not 1 April.1
-
se9addick said:
I’m not sure it’s accurate to say tariffs caused the Great Depression.Friend Or Defoe said:
Correct. The Tariff Act of 1930 was designed to reduce the effects of the depression but in fact exacerbated it because other nations (as now) retaliated with their own tariffs and US exports plummeted.0 -
FTSE down another 4% today, largely in response to China retaliating with like for like 34% tariff on all US imports.I am so pleased I'm almost exclusively in cash now - must be a nightmare for pension funds.5
-
True, but the Smoot–Hawley Tariff Act made it far far worse.se9addick said:
I’m not sure it’s accurate to say tariffs caused the Great Depression.Friend Or Defoe said:0
