The FTSE

  • Thread starter Thread starter worsleyweb
  • Start date Start date
flook said:
I "dabbled" in Penny Stocks a few years back, bought £1k each of 3 mining stocks, in the space of 12 months two had doubled in value and the other was completely worthless. After costs, I made about £50 profit.

On that basis I'd have to agree with you
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Yeah they're absurdly volatile. I've heard some real horror stories regarding penny stocks so I'd probably be pretty happy at getting out with a profit full stop
 
aguerrrroooooooooooo said:
Yeah they're absurdly volatile. I've heard some real horror stories regarding penny stocks so I'd probably be pretty happy at getting out with a profit full stop
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After the fact I was, at the time I was gutted as I could have caught the one that bombed but gave it a chance to recover.

A mate got me into trying them after he had ridiculous success initially, made about 20K in very little time. He didn't bail though and lost most of it later chasing bigger profits. It's definitely gambling rather than investing
 
journolud said:
Most of my money is in funds such as Scottish Mortgage and Edinburgh worldwide and doing OK although past performance etc. Think I know what I can afford to speculate and have a little fun with but thanks for the lesson.

Should I sell what’s left of my Bitcoin now, it’s a while since my last profit taking on them
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You know best, obviously.
 
kevin horlocks wand said:
The ftse doing v well today anyone know why ?
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The main reason is that the Democrats look like winning the 2 Senate seats in Georgia, thus giving their new Vice President the ability to vote through economic stimulus packages / recovery budgets (Harris will have the casting vote with Senate split 50/50). The American Economy has a big impact on the FTSE that is largely an index of international companies.
 
FTSE rise this week will have had little impact on some of the more popular active funds as most “growth” orientated funds avoid the shares which have gone up. In fact I have seen a loss on some of mine this week as recovery continues to come back into favour.

Oil/Mining/Banks the big winners in the last couple of days.

Tracker funds, standard pension type managed/balanced funds and the like should have caught some/most of it.
 
Tim of the Oak said:
The main reason is that the Democrats look like winning the 2 Senate seats in Georgia, thus giving their new Vice President the ability to vote through economic stimulus packages / recovery budgets (Harris will have the casting vote with Senate split 50/50). The American Economy has a big impact on the FTSE that is largely an index of international companies.
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The other side of the coin to the clean sweep of power in a few weeks time when he is inaugurated is whether he implements more UK/EU style lockdowns to combat the cv spread - they are in a dark place at the moment and think he may not have much choice as he’s playing catch up big time whilst psycho has been at the wheel. Could have an impact especially in short term to prices Depending how far he goes.
 
AlgarveBlu said:
The other side of the coin to the clean sweep of power in a few weeks time when he is inaugurated is whether he implements more UK/EU style lockdowns to combat the cv spread - they are in a dark place at the moment and think he may not have much choice as he’s playing catch up big time whilst psycho has been at the wheel. Could have an impact especially in short term to prices Depending how far he goes.
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the worst numbers and deaths per capita are in Democratic run states , I fear greatly for America and their allies under this regime.

How are the lockdowns in the UK and the EU going BTW , NUMBER 3 a pre cursor for Number 4 in March.

At least the Supreme Court which can block some more radical left agenda which will slash big chunks off the DJI is stacked conservative for now.

Biden's answer compulsory make wearing for 100 days (LOL) good luck with that one.

When Harris becomes president next year heaven help us all.

the president is a lame duck when it comes to the USA for things like a pandemic as was our Prime Minister and it appears most democracy's.

the states run the show and if you have dropkick mayors and governors and the helm you will get millions more cases , no contract tracing and a broken state fiscal and monetary position.

Look at the DJI under Trump , investment , less tax , less regulation , more jobs returning to America , standing up to the biggest threat to civilization namely China.

Biden v China (LOL) , look out Taiwan.

Middle East peace deals by the score , forget about Trump himself he was no more than a mouth piece for himself it was what his aids wanted that got America back from the economic , private health insurance and disgraceful foreign policy under Obama the showman who could never deliver on any promise which in way was a blessing because his green agenda would not only bankrupt America but see an end to the manufacturing sector under the name of climate change.
 
AlgarveBlu said:
The other side of the coin to the clean sweep of power in a few weeks time when he is inaugurated is whether he implements more UK/EU style lockdowns to combat the cv spread - they are in a dark place at the moment and think he may not have much choice as he’s playing catch up big time whilst psycho has been at the wheel. Could have an impact especially in short term to prices Depending how far he goes.
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Thanks and yes that will be interesting to watch and I agree with what you say. FWIW, I’m encouraged by how resilient the markets have been to last night’s attempted “coup” but that might have been expected (to a degree) and has probably eased the transition to Biden’s administration by undermining the Republican hardcore.
 
mancity1 said:
the worst numbers and deaths per capita are in Democratic run states , I fear greatly for America and their allies under this regime.

How are the lockdowns in the UK and the EU going BTW , NUMBER 3 a pre cursor for Number 4 in March.

At least the Supreme Court which can block some more radical left agenda which will slash big chunks off the DJI is stacked conservative for now.

Biden's answer compulsory make wearing for 100 days (LOL) good luck with that one.

When Harris becomes president next year heaven help us all.

the president is a lame duck when it comes to the USA for things like a pandemic as was our Prime Minister and it appears most democracy's.

the states run the show and if you have dropkick mayors and governors and the helm you will get millions more cases , no contract tracing and a broken state fiscal and monetary position.

Look at the DJI under Trump , investment , less tax , less regulation , more jobs returning to America , standing up to the biggest threat to civilization namely China.

Biden v China (LOL) , look out Taiwan.

Middle East peace deals by the score , forget about Trump himself he was no more than a mouth piece for himself it was what his aids wanted that got America back from the economic , private health insurance and disgraceful foreign policy under Obama the showman who could never deliver on any promise which in way was a blessing because his green agenda would not only bankrupt America but see an end to the manufacturing sector under the name of climate change.
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I’m not an expert on how the Covid is affecting different US States but I do know it has had a brutal affect on the Native American population of South Dakota, with its Republican Senators and soft approach to virus prevention measures.

Trump has done good things as well as bad but each time Biden and Harris have been in the ascendancy, as well as the Democrats taking the 2 Senate seats, the markets have have shifted higher. That might be because the Democrats are also pro business and they aren’t very left wing. The Democrats might be worse in power than Trump but we just don’t know that.

The Middle East deals were business deals that don’t do anything to address the open sore of the illegal occupation of Palestine. Yes, they might be good for the States and their allies to make more money. Time will tell.
 
Tim of the Oak said:
I’m not an expert on how the Covid is affecting different US States but I do know it has had a brutal affect on the Native American population of South Dakota, with its Republican Senators and soft approach to virus prevention measures.

Trump has done good things as well as bad but each time Biden and Harris have been in the ascendancy, as well as the Democrats taking the 2 Senate seats, the markets have have shifted higher. That might be because the Democrats are also pro business and they aren’t very left wing. The Democrats might be worse in power than Trump but we just don’t know that.

The Middle East deals were business deals that don’t do anything to address the open sore of the illegal occupation of Palestine. Yes, they might be good for the States and their allies to make more money. Time will tell.
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One thing for sure tax needs to be raised. Looks like NY will legalise cannabis and more to follow. No advise here but CBDX looks a nice chart or YOLO in the US.
 
worsleyweb said:
Just cashed out on my legal and general bought on the back of my RBS gain - circa 90p to 160p and made 7.74% in a month on them.
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worsleyweb said:
Just cashed out on my legal and general bought on the back of my RBS gain - circa 90p to 160p and made 7.74% in a month on them.
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Any thoughts on where you might go next WW, legal and general was a good shout that could well hit 30% growth like you said at the time but you’ve won either way by getting out now so fair play to you mate.
 
Quick question, my circumstances are about to change and I will be around £600 a month better off, I have a Vanguard ISA account that I recently set up and also have a company pension.

I want to make this extra money work and so I am considering putting it into the Pension or the Vanguard.

Not sure which would be best, I know if i put it into the pension it will be tied up.

Any thoughts would be appreciated.
 
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