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Anyone seen any of Jim Rickards discussions? American chap, not just strictly to do with stocks and shares, economy in general. He explains things in a way that are simpler/easier to get the jist of. Although generally to do with America, it will undoubtedly affect us too. Looking like things will get as bad as the great depression, and wont just 'bounce back'. Amazing how much prepping has gone on in the states. If able to, all well and good. Not much some can do though. Anyway, thats just my half pennorth ( or 2 cents worth) ? we prob be ok for a while ?? Just have a can and carry on. And if you cant get the can, theres always home brew ?

 
The difference between then and now is that we can just print money and give the Fed an IOU (bond). I used to follow all these guys and one was from Glasgow so I could understand him, he ran a hedge fund. He was never off Bloomberg or CNBC and was saying he was expecting this to happen. 2008 came and his hedge fund went bust. Now I realise that the ones that make money never go on TV nor do they speak to the media. The ones on TV all the time have nothing else to do and get paid or promote there hedge fund. Most fund managers can't even beat the Indexes yearly gain and the ones that do quickly go bust or lose half the fund and need to shut it down. A few years later they pop up in another fund trying to forget their history. Its a great racket if you can get into it because it pays well but I know how it all works and only follow the dollar v the euro now.

 
scottish cleaning service said:
The difference between then and now is that we can just print money and give the Fed an IOU (bond). I used to follow all these guys and one was from Glasgow so I could understand him, he ran a hedge fund. He was never off Bloomberg or CNBC and was saying he was expecting this to happen. 2008 came and his hedge fund went bust. Now I realise that the ones that make money never go on TV nor do they speak to the media. The ones on TV all the time have nothing else to do and get paid or promote there hedge fund. Most fund managers can't even beat the Indexes yearly gain and the ones that do quickly go bust or lose half the fund and need to shut it down. A few years later they pop up in another fund trying to forget their history. Its a great racket if you can get into it because it pays well but I know how it all works and only follow the dollar v the euro now.
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I do find it funny that none of these funds seem to work on a % of profits. They are so confident in their work they take a % of investment as fees up front!!! They really have zero incentive to make you money!!!

 
ched999uk said:
I do find it funny that none of these funds seem to work on a % of profits. They are so confident in their work they take a % of investment as fees up front!!! They really have zero incentive to make you money!!!
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They also take a % of profits aswell as a yearly 2 to 5% management fee. If they didn't take fees then they couldn't pay wages nor ivory tower rent money. Norway bought a skyscraper in New York for billions for its wealth fund and I knew we were near a top. Many pension funds and management funds own office blocks and were making a fortune renting out office space just like shopping malls. This game of cards has now collapsed and we have not seen the dominoes begin to fall yet. I expect from 2024 onwards it will begin to unfold. You are better spending your money on your home and business rather than let these parasites get their paws on it. My relative put £250k in a fund 15yrs ago and it still hasn't reached that amount now. He now realises he would have been better putting it in a bank or spending it but he's too old now to worry about it.

 
CHWS said:
Got my money back ? got absolutely ****** because I can’t trade in the pre market. I’ve finally just got over what I could of had. I’ll take that as 1 hell of a learning curve

nobody would have ever changed my mind in cashing out before the results so that makes me feel better 
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I admire your honesty, most people don't tell you about losses, you only hear of the 'jackpots'.

I think dealing in that type of stock is worth doing, but you have to know the risks and you have to plan for them.  By spreading your eggs over different stocks you can spread the risk better and you have more chance of not losing everything.

Years ago I dabbled in spread betting.  I had followed shares and studied business news but when you're buying shares you need to buy a lot to make a decent potential profit.  Spread betting you can make the same profit but with a fraction of the money upfront.  I remember I had made my plan and I bet £10 per point on Northern Rock going up, I placed the trade in the evening when the market was shut.  I expected it to go up a little the next day and was aiming to sell at around £40 to £80 profit, that was a lot of money to me at the time.  Next morning comes and I jump out of bed at 07:30 and turn on the pc, only to have the pc play up on me, it took ages trying to get it to turn on and then connect, by the time I managed to get on the internet the market had been open for about 20 minutes, it had gone up over 40 points and I was over £400 up.  I was literally shaking, frantically trying to sell, all my senses just seemed to disappear, like I couldn't double click the mouse button, everything was just taking ages to load.  Eventually I managed to sell at around £440.  

That's the thing with trading though, no matter how in control and how much you prepare when it comes to money you just lose rationality, it is gambling and you're trying to justify gambling really.  

But I think if you do your homework, have a clear plan of when to buy, when to sell and spread your eggs widely then I can imagine that it is possible to make really good money.  It's just about not investing what you can't afford to lose and always following a plan.

Most people don't do their homework though, that's when it is literally gambling.  

I'm going to have a dabble myself, everything seems to have changed a lot since when I dabbled.  It used to cost £30 to buy shares and £30 to sell, from what it sounds like it's virtually free to trade now.  Similarly with the spread betting, the spreads [the spread is the margin what the companies take their profit] on the Northern rock it was about 6 points the spread, now it's probably about 1 point for a similarly priced stock.

 
Chris34 said:
I admire your honesty, most people don't tell you about losses, you only hear of the 'jackpots'.

I think dealing in that type of stock is worth doing, but you have to know the risks and you have to plan for them.  By spreading your eggs over different stocks you can spread the risk better and you have more chance of not losing everything.

Years ago I dabbled in spread betting.  I had followed shares and studied business news but when you're buying shares you need to buy a lot to make a decent potential profit.  Spread betting you can make the same profit but with a fraction of the money upfront.  I remember I had made my plan and I bet £10 per point on Northern Rock going up, I placed the trade in the evening when the market was shut.  I expected it to go up a little the next day and was aiming to sell at around £40 to £80 profit, that was a lot of money to me at the time.  Next morning comes and I jump out of bed at 07:30 and turn on the pc, only to have the pc play up on me, it took ages trying to get it to turn on and then connect, by the time I managed to get on the internet the market had been open for about 20 minutes, it had gone up over 40 points and I was over £400 up.  I was literally shaking, frantically trying to sell, all my senses just seemed to disappear, like I couldn't double click the mouse button, everything was just taking ages to load.  Eventually I managed to sell at around £440.  

That's the thing with trading though, no matter how in control and how much you prepare when it comes to money you just lose rationality, it is gambling and you're trying to justify gambling really.  

But I think if you do your homework, have a clear plan of when to buy, when to sell and spread your eggs widely then I can imagine that it is possible to make really good money.  It's just about not investing what you can't afford to lose and always following a plan.

Most people don't do their homework though, that's when it is literally gambling.  

I'm going to have a dabble myself, everything seems to have changed a lot since when I dabbled.  It used to cost £30 to buy shares and £30 to sell, from what it sounds like it's virtually free to trade now.  Similarly with the spread betting, the spreads [the spread is the margin what the companies take their profit] on the Northern rock it was about 6 points the spread, now it's probably about 1 point for a similarly priced stock.
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Believe me I’m just about getting over it now. I actually feel better that I told people I blew it lol. Yes I was using trading 212 and it’s basically free to trade on. I’m currently sitting on the sidelines and will maybe but a few quid in if they get some news etc. Seems to be if you time it right you can make a quick killing and jump out. I was too emotionally attached to vaxart tbf 

 
CHWS said:
Believe me I’m just about getting over it now. I actually feel better that I told people I blew it lol. Yes I was using trading 212 and it’s basically free to trade on. I’m currently sitting on the sidelines and will maybe but a few quid in if they get some news etc. Seems to be if you time it right you can make a quick killing and jump out. I was too emotionally attached to vaxart tbf 
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I'll check them out.  I'm dedicating the entire evening to researching it all.  The actual share buying is quite straight forward for me as I've always had an interest in business so I already have an idea of who to buy.

The smaller more risky companies I'll have a look at.  For me though I just think buying in something like Tesco and making 10%, but then reinvesting the original amount and the 10% into something else to make 10% is the safest way to go.  

So say you start with £1,000 then your next at £1,100 then you're at £1,210, £1,331 etc.   So within 5 trades you're up nearly 50%.  And if you spread that money over lot's of companies using the same strategy then you spread the risk.  It's not exact, there is more to it and the percentages will be different, might be higher might be lower, but that's the general idea of my initial plan.

In terms of which stock to pick, for me it has to be a company that just looks good value with a good solid chance of profit.  So if say Tescos looks really busy and they're hitting the headlines of bumper sales but the price is only 10 times the market value or less then I'd think to myself that if they release good results then that value will look incredibly cheap.  Whereas something like Facebook that was trading at something like 100 times its profit value up till quite recently, well I'd stay clear of something like that as I'd deem it overpriced.

Typically American companies are traded at higher profit to company value ratios than UK companies.  It's that profit to value ratio that is the herd of sheeps idea of where the price should be.  That's how I understand it anyway.  So Tesco's p/e ratio is 21.77 meaning that it will take 21.77 years of the current level of profits to justify its current share price.  Facebook is currently p/e 26.57, so it has come down quite a bit but that might be because there profits have risen a lot due to lockdowns, if the profits suddenly dropped when lockdowns stop then that p/e ratio will rise very quickly and the share price would look overpriced.

That's how I see it anyway, might not all be correct but it's something along those lines, lol.

 
Short-sellers gained a lot of attention in recent days as they rushed to cover positions in rapidly rising stocks such as GameStop (NYSE: GME). Vaxart (NASDAQ: VXRT) sank 58% in one trading session after data from its phase 1 clinical trial disappointed. Short positions make up more than 39% of the biotech company's float -- or the shares available to the public for trading.

 
I watched a mate buy nearly £80k worth of a small oil company (40p a share) for his pension fund when he worked on the rigs. They went up to 440p and he was over half a million up but he would not sell. He told me they were going to a tenner because of the rumours he was reading. They went down to 220p and I sent him at text to put in a stop at £2. Still he refused to listen and they went down to a penny. They are still trading around that mark but will go to zero in the future. He went on to buy Bitcoin and again he wouldn't sell the first time at £19k and I think he got out were he got in around a few grand and missed the big move to £40k. I believe one day they will go to zero because they have no assets. 

 
trading 212 registration is closed at the moment I think because of the GME/AMC bandwagon

I'm looking at different platforms at the moment as Revolut is a bit limiting with what stocks are available

 
scottish cleaning service said:
I watched a mate buy nearly £80k worth of a small oil company (40p a share) for his pension fund when he worked on the rigs. They went up to 440p and he was over half a million up but he would not sell. He told me they were going to a tenner because of the rumours he was reading. They went down to 220p and I sent him at text to put in a stop at £2. Still he refused to listen and they went down to a penny. They are still trading around that mark but will go to zero in the future. He went on to buy Bitcoin and again he wouldn't sell the first time at £19k and I think he got out were he got in around a few grand and missed the big move to £40k. I believe one day they will go to zero because they have no assets. 
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Dogecoin seems to be the new crypto, someone like Elon musk can influence stocks/trends with just a simple tweet!

 
JEM said:
Dogecoin seems to be the new crypto, someone like Elon musk can influence stocks/trends with just a simple tweet!
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Doge has been around for years and is consistently the target of pump and dump schemes as it is so easily manipulated due to people holding massive amounts of it.

I used to be very involved in the crypto scene building my own mining rigs etc. Those alt coins such as doge aren’t a good investment unless you’re trading them quickly.

 
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JEM said:
trading 212 registration is closed at the moment I think because of the GME/AMC bandwagon

I'm looking at different platforms at the moment as Revolut is a bit limiting with what stocks are available
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Spent all day trying to find one that is free and works, finally managed to sign up with Etoro.  

End of the day I just want to buy and sell shares, gets to a point where there is so much different information and fees that it mashes your head.  Hopefully this Etoro will be ok, everything seems free but they charge you for withdrawals.  The spread on Lloyds bank is Sell 36.96p Buy 37.05p, that's way better than years ago when I used to trade, virtually nothing that.  The listed price when you search google is 37.00p.  So that's fine, better than what I expected.  Thought with it being free it might have been sell 35.50 buy 39.00.

Seems a bit slow though.  I'm sure I'll find a better one further down the line.  Just don't want to waste another weekend trying to find a broker.

 
Chris34 said:
Spent all day trying to find one that is free and works, finally managed to sign up with Etoro.  

End of the day I just want to buy and sell shares, gets to a point where there is so much different information and fees that it mashes your head.  Hopefully this Etoro will be ok, everything seems free but they charge you for withdrawals.  The spread on Lloyds bank is Sell 36.96p Buy 37.05p, that's way better than years ago when I used to trade, virtually nothing that.  The listed price when you search google is 37.00p.  So that's fine, better than what I expected.  Thought with it being free it might have been sell 35.50 buy 39.00.

Seems a bit slow though.  I'm sure I'll find a better one further down the line.  Just don't want to waste another weekend trying to find a broker.
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I did look at Etoro, it does also seem to have a good feature of seeing peoples portfolios and copy them if you want. So will also sign up with them while i wait for trading212 to open up again.

It doesn't seem that unusual to have more than one platform for different stocks. I do like Webull as it has a lot of stock options, but it's not yet available in the UK.

 
Mx19 said:
Doge has been around for years and is consistently the target of pump and dump schemes as it is so easily manipulated due to people holding massive amounts of it.

I used to be very involved in the crypto scene building my own mining rigs etc. Those alt coins such as doge aren’t a good investment unless you’re trading them quickly.
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Yeah Crypto is something i know nothing about. Just been hearing a lot about Doge on some of the Discords i follow.

What kinda spec machines did you run for mining

 
I posted this yesterday............................

 Posted 13 hours ago

Wouldn't be surprised if we see another major ramping of a share in the next couple of days...

I had read over the weekend that Metro Bank UP 13% this morning was the next target for the " pump & dump" brigade on various social media sites but didn't want to highlight it on here yesterday for fear of being accused of ramping....Be very careful out there with what you are buying !!!!!

 
Patrick Flaherty said:
I posted this yesterday............................

 Posted 13 hours ago

Wouldn't be surprised if we see another major ramping of a share in the next couple of days...

I had read over the weekend that Metro Bank UP 13% this morning was the next target for the " pump & dump" brigade on various social media sites but didn't want to highlight it on here yesterday for fear of being accused of ramping....Be very careful out there with what you are buying !!!!!
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Yeah pump and dump are fine if you have the intel on how long to pump before you dump!

I've been playing around with Thinkorswim paper money buying options, my head feels like it's going to explode with understanding how options work. I've got the basics so far

 
JEM said:
Yeah pump and dump are fine if you have the intel on how long to pump before you dump!

I've been playing around with Thinkorswim paper money buying options, my head feels like it's going to explode with understanding how options work. I've got the basics so far
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PUT means you want the instrument to go down and a CALL you want it to go up. CALLs are good because you can have unlimited gains. ?

 

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