How to Start a Pension in the Face of Economic Armaggedon - The Bear and Badger

SpaceGazelle

No but now's the time to short it.

Dinostar77

What i dont get about these trading apps that blocked trades (Roujin was discussing in current affairs), surely they have shot themselves in the foot as their IP would now be worth less as droves of amateur investors move onto other apps that wont bend over for the hedge funds.

On a seperate note, i was gonna post in here to ask SG about the fidelity takeover from last year and if he had any thoughts about them now and keeping the stocks and shares tracker with them or moving it to someone else.

SpaceGazelle

Wow imagine spread betting the fucker.

poprock

Dinostar77 wrote:

What i dont get about these trading apps that blocked trades (Roujin was discussing in current affairs), surely they have shot themselves in the foot as their IP would now be worth less as droves of amateur investors move onto other apps that wont bend over for the hedge funds.

Just a guess here, but maybe the majority shareholders and/or investors in these trading app companies are hedge funds with a vested interest in maintaining the status quo.

SpaceGazelle

It's up to you Dino. It's all about the price so just find the cheapest for your particular tracker. Do some research but don't forget to keep the fund inside an ISA if you swap platforms. Remember that "set and forget' prices are what you're after, that is, a cheap price for the platform and fund. Some platforms will be cheaper if you buy and sell all the time but we're not interested in doing that.

Dinostar77

poprock wrote:

Dinostar77 wrote:

What i dont get about these trading apps that blocked trades (Roujin was discussing in current affairs), surely they have shot themselves in the foot as their IP would now be worth less as droves of amateur investors move onto other apps that wont bend over for the hedge funds.

Just a guess here, but maybe the majority shareholders and/or investors in these trading app companies are hedge funds with a vested interest in maintaining the status quo.

That did occur to me. I have been reading the Naked Trader on and off and it has piqued my interest in trading. But i dont have time for that nor the money. Though if i ever did dip my toe, i would take the advise in the book and pretend i have invested stock in companies x,y,z and see how i did over a six month period before committing a single penny on any actual trades.

Dinostar77

SpaceGazelle wrote:

It's up to you Dino. It's all about the price so just find the cheapest for your particular tracker. Do dlsime research but don't forget to keep the fund inside an ISA if you swap platforms. Remember that "set and forget' prices are what you're after, that is, a cheap price for the platform and fund. Some platforms will be cheaper if you buy and sell all the time but we're not interested in doing that.

With the fidelity tracker inside a isa i am happy to stick to whatever the majority of the thread are doing. So if people are staying with fidelity thats fine by me.

b0r1s

I’ve stayed with fidelity but it’s expensive if you don’t keep putting in. Think their yearly fee went to £45 for people who have just done a one off investment.

SpaceGazelle

If you were with Cavendish there's no change (I don't think) until October. I think we'll review it in the summer.

https://citywire.co.uk/funds-insider/news/fidelity-buys-cavendish-online-to-bolster-investment-platform/a1408898

SpaceGazelle

b0r1s wrote:

I’ve stayed with fidelity but it’s expensive if you don’t keep putting in. Think their yearly fee went to £45 for people who have just done a one off investment.

Always put in and never stop, even if it's only a little bit. This endeavour should be treated as a savings account and you won't have that much in the pot at the end if you don't put in.

Dinostar77

Been somewhat lapse past few months, then again trying to pay off credit card debt has taken priority.

b0r1s

SpaceGazelle wrote:

b0r1s wrote:

I’ve stayed with fidelity but it’s expensive if you don’t keep putting in. Think their yearly fee went to £45 for people who have just done a one off investment.

Always put in and never stop, even if it's only a little bit. This endeavour should be treated as a savings account and you won't have that much in the pot at the end if you don't put in.

I've got a regular plan setup, just pointing out it's a big hit if you are only doing lump sum investments

SpaceGazelle

Dinostar77 wrote:

Been somewhat lapse past few months, then again trying to pay off credit card debt has taken priority.

Sensible.

hylian_elf

Maybe I can put this here but:

A couple of days ago, I sold my wife’s wedding gold upon her request. (Stupid cultural shit where I had to give her lots of gold to wear on her wedding day which she hasn’t wore again during our 14.5 year marriage so far.) We need the cash to pay the builders.

Anyway. Bought for £2,600 in 2006 which included labour costs etc. Sold for £8,000. About 8% pac return? Nice.

That’s all the gold gone from our home. A bit of a relief actually that we’re not keeping high value stuff in our house.

Dinostar77

During times of economic uncertainty, investors normally rush to stuff like gold and government bonds as they are stable secure investments hence the price has gone up.

We need to do the same, would be good to get rid of it out of the house as you said they dont wear it and havent worn it for years.

Can you pm me and let me know where you took yours to tradein for cash?

hylian_elf

Hatton Garden, London. Google it, you can even send your gold in through the post but who would do that with lots of precious gold eh?

Diluted Dante

So, Codemasters approved a takeover offer from EA at 604p a share. It's currently trading at 602p a share.

Am I being incredibly thick, or is this not a guaranteed profit?

GooberTheHat

I'm assuming when you factor in "transaction fees" any profit will be negligible.

Dinostar77

hylian_elf wrote:

Hatton Garden, London. Google it, you can even send your gold in through the post but who would do that with lots of precious gold eh?

Ok i thought you might have gone to a specialist asian gold dealer.

hylian_elf

Diluted Dante wrote:

So, Codemasters approved a takeover offer from EA at 604p a share. It's currently trading at 602p a share. Am I being incredibly thick, or is this not a guaranteed profit?

As in, buy now at 602p and sell at 604p? Nope. The bid price is currently 604p. Even if you could buy at 602p, as Goobs says, transaction fees will wipe out any profit. You will make pennies.

If only we bought at 200p in March 2020, eh?

Diluted Dante

Been looking at what game companies you can invest in. Tencent is one, lets buy and then we own Cinty.

hylian_elf

Nintendo would've been a good buy when the Switch was revealed.

Dinostar77

Diluted Dante wrote:

Been looking at what game companies you can invest in. Tencent is one, lets buy and then we own Cinty.

Hahaha. Best reason ever.

Minnesänger

Tencent is a solid investment, aye. Ant Group another good should in the China region.

b0r1s

Guessing Ant group are who own Ant bank? They are advertising everywhere over YouTube at the moment.

mistercrayon

Tik Tok were the same a few years ago. Hmmm.

Dark Soldier

just put everything you own on Cardano lads trust me

Diluted Dante

b0r1s wrote:

Guessing Ant group are who own Ant bank? They are advertising everywhere over YouTube at the moment.

Its Antandec, did you not watch the ads?

hylian_elf

Dark Soldier wrote:

just put everything you own on Cardano lads trust me

The risk and investment company? Why?

SpaceGazelle

This is how not to invest in a pension but carry on.

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