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Post by hoffgreen on Jan 30, 2021 10:33:53 GMT
Jump to 15.15 in the video for Dave Portnoy, though interesting stuff to take in before then.
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Post by Vadiation_Ribe on Jan 30, 2021 14:58:48 GMT
Has anyone used any of the investment platforms like Vanguard or Hargreaves Lansdown? I've never contributed to a pension (apart from what the government has given me no choice on) and am thinking of using one of these platforms for investment instead. I want something I can basically put money into and leave it, and index tracker funds look a good option from what I've read so far, performing consistently well over time. The two companies I've mentioned are well-reviewed, so if I go with one it's just a case of choosing... www.hl.co.uk/funds/index-tracker-fundswww.vanguardinvestor.co.uk/what-we-offer/index-active-products
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Post by dave1 on Jan 30, 2021 17:10:34 GMT
Has anyone used any of the investment platforms like Vanguard or Hargreaves Lansdown? I've never contributed to a pension (apart from what the government has given me no choice on) and am thinking of using one of these platforms for investment instead. I want something I can basically put money into and leave it, and index tracker funds look a good option from what I've read so far, performing consistently well over time. The two companies I've mentioned are well-reviewed, so if I go with one it's just a case of choosing... www.hl.co.uk/funds/index-tracker-fundswww.vanguardinvestor.co.uk/what-we-offer/index-active-productsI use nutmeg, currently performing c20%. Mine is a LISA. So government contribute 20% (or 25%) for every pound I put in. Can access at 60, charged penalties before. Think you can only have a LISA if younger than 40 though.I'm very happy with it.
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Post by Vadiation_Ribe on Jan 30, 2021 17:46:51 GMT
Has anyone used any of the investment platforms like Vanguard or Hargreaves Lansdown? I've never contributed to a pension (apart from what the government has given me no choice on) and am thinking of using one of these platforms for investment instead. I want something I can basically put money into and leave it, and index tracker funds look a good option from what I've read so far, performing consistently well over time. The two companies I've mentioned are well-reviewed, so if I go with one it's just a case of choosing... www.hl.co.uk/funds/index-tracker-fundswww.vanguardinvestor.co.uk/what-we-offer/index-active-productsI use nutmeg, currently performing c20%. Mine is a LISA. So government contribute 20% (or 25%) for every pound I put in. Can access at 60, charged penalties before. Think you can only have a LISA if younger than 40 though.I'm very happy with it. I've recently turned 40, which is shame given I just looked into LISAs and they look a decent deal. I think I heard of these before but didn't like the idea of money being held up until I'm 60, though if the penalty only applied to the amount withdrawn, I guess that wouldn't have been so bad.
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Post by Billy the kid on Jan 30, 2021 18:25:49 GMT
Has anyone used any of the investment platforms like Vanguard or Hargreaves Lansdown? I've never contributed to a pension (apart from what the government has given me no choice on) and am thinking of using one of these platforms for investment instead. I want something I can basically put money into and leave it, and index tracker funds look a good option from what I've read so far, performing consistently well over time. The two companies I've mentioned are well-reviewed, so if I go with one it's just a case of choosing... www.hl.co.uk/funds/index-tracker-fundswww.vanguardinvestor.co.uk/what-we-offer/index-active-productsGet yourself on eToro and find one or two popular investors, just remember they charge 25usd to withdraw, do the first 25usd are lost
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Investing
Jan 30, 2021 19:21:30 GMT
via mobile
Post by dave1 on Jan 30, 2021 19:21:30 GMT
Has anyone used any of the investment platforms like Vanguard or Hargreaves Lansdown? I've never contributed to a pension (apart from what the government has given me no choice on) and am thinking of using one of these platforms for investment instead. I want something I can basically put money into and leave it, and index tracker funds look a good option from what I've read so far, performing consistently well over time. The two companies I've mentioned are well-reviewed, so if I go with one it's just a case of choosing... www.hl.co.uk/funds/index-tracker-fundswww.vanguardinvestor.co.uk/what-we-offer/index-active-productsGet yourself on eToro and find one or two popular investors, just remember they charge 25usd to withdraw, do the first 25usd are lost I've never used etoro- is it decent???
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Post by clarkeda on Jan 30, 2021 21:49:28 GMT
Has anyone used any of the investment platforms like Vanguard or Hargreaves Lansdown? I've never contributed to a pension (apart from what the government has given me no choice on) and am thinking of using one of these platforms for investment instead. I want something I can basically put money into and leave it, and index tracker funds look a good option from what I've read so far, performing consistently well over time. The two companies I've mentioned are well-reviewed, so if I go with one it's just a case of choosing... www.hl.co.uk/funds/index-tracker-fundswww.vanguardinvestor.co.uk/what-we-offer/index-active-productsI have a couple life strategy fund with Vanguard (to help spread risk and I have different plans for each), performing at approx 20% overall up until last week and averages out at about 14% over the last 12 months. HL fees are a lot more then Vanguard.
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Investing
Jan 31, 2021 7:53:52 GMT
via mobile
Post by Billy the kid on Jan 31, 2021 7:53:52 GMT
Get yourself on eToro and find one or two popular investors, just remember they charge 25usd to withdraw, do the first 25usd are lost I've never used etoro- is it decent??? I have been using it for about 6 months, and it’s very easy to use. The copy investor function is dead easy. You put your money into a copy portfolio and let it do it’s thing.
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Post by The Drunken Communist on Jan 31, 2021 9:45:58 GMT
Shame.
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Post by hoffgreen on Jan 31, 2021 18:30:25 GMT
This is a long watch but worth it I think to understand the hypocrisy of the hedge fund principle. This was today in New York near Wall St
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Post by chigstoke on Jan 31, 2021 18:34:33 GMT
I have evacuated the Doge Rocket with immediate effect.
RH deposits go in tomorrow for a lot of people, but now it's got all the feeling of a pump and dump on the coin.
Avoiding getting sucked into the hype now on DOGE any further after an initial happiness about it, shifted that into ETH while it's dipped a bit.
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Post by Billy the kid on Feb 1, 2021 1:06:48 GMT
I have evacuated the Doge Rocket with immediate effect. RH deposits go in tomorrow for a lot of people, but now it's got all the feeling of a pump and dump on the coin. Avoiding getting sucked into the hype now on DOGE any further after an initial happiness about it, shifted that into ETH while it's dipped a bit. Smart move doge will tank this week
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Post by LL Cool Dave on Feb 1, 2021 5:50:59 GMT
All about XRP today.
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Post by foster on Feb 1, 2021 6:04:31 GMT
Bought a little 2 weeks back.. Only 200$ worth. It's almost doubled up now. Wise to sell?
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Post by LL Cool Dave on Feb 1, 2021 6:12:20 GMT
Bought a little 2 weeks back.. Only 200$ worth. It's almost doubled up now. Wise to sell? Not yet, personally. Think it may hit a dollar (74p ish) today. Theres a big push to get it pumped at 1.30pm our time in the States. After that happens, who knows. Think at least 60p is definitely achievable.
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Investing
Feb 1, 2021 12:36:39 GMT
via mobile
Post by chigstoke on Feb 1, 2021 12:36:39 GMT
XRP is doing a dump at the moment
Doing the same as DOGE did, which doesn’t bode well. DOGE fans are invading other crypto subreddits now to get them on to DOGE or pump other shitcoins. This will end in tears for some, specially those who put thousands into it.
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Post by Rednwhitenblue on Feb 1, 2021 12:49:42 GMT
In sitting here with my one share in game stop, absolutely loving seeing big hedge funds having to bail each other out. I’m on eToro and to their shame they have done everything they can to prevent GameStop trades, unable to open a buy position for much of the week and now unable to close the position (the sell option is completely greyed out). Major changes will have to come in after this, to prevent this happening again. The rich really don’t want the peasants to get in on the act. On this one share alone I don’t care what happens to it I’m going to hold it to remind my older self that I was part of something. Agreed, it's scandalous really, as it lies at the very heart of what constitutes capitalism and underpins the current global economy - the making and investing of capital in the aim of making more. The fact that these practices which, to be kind, are dodgy at best, are now having to be protected by even dodgier restraints of trade, speaks volumes about the degenerate nature of it! Still, don't suppose many people will give that much of a shit, at least not until it all comes crashing down again...
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Post by LL Cool Dave on Feb 1, 2021 14:27:37 GMT
XRP is doing a dump at the moment Doing the same as DOGE did, which doesn’t bode well. DOGE fans are invading other crypto subreddits now to get them on to DOGE or pump other shitcoins. This will end in tears for some, specially those who put thousands into it. Got up to 55p and hovered around 45p before a shitshow of a dump without having the benefit of a massive pump. Not massive but as you say, if you've put thousands in.. It won't go down more than this I'd have thought.
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Post by chigstoke on Feb 1, 2021 21:13:56 GMT
There is an organised pump and dump again on Discord for tomorrow, but we don’t know the coin yet. Whatever it ends up being, avoid.
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Post by Vadiation_Ribe on Feb 1, 2021 23:01:09 GMT
Maybe a film will be made about all this craziness some day. I don't understand it all. The Big Short (which I enjoyed) is on iPlayer right now: www.bbc.co.uk/iplayer/episode/b06vq3yn/the-big-shortHas anyone used any of the investment platforms like Vanguard or Hargreaves Lansdown? I've never contributed to a pension (apart from what the government has given me no choice on) and am thinking of using one of these platforms for investment instead. I want something I can basically put money into and leave it, and index tracker funds look a good option from what I've read so far, performing consistently well over time. The two companies I've mentioned are well-reviewed, so if I go with one it's just a case of choosing... www.hl.co.uk/funds/index-tracker-fundswww.vanguardinvestor.co.uk/what-we-offer/index-active-productsI have a couple life strategy fund with Vanguard (to help spread risk and I have different plans for each), performing at approx 20% overall up until last week and averages out at about 14% over the last 12 months. HL fees are a lot more then Vanguard. These look like the kind of thing I'm after - thanks. As a result, I've found HL have something similar, so I'll look at those too, as fees may not be everything if they perform better (and HL has very highly rated customer service and a lot more investment options if I want to get into that). I was perusing HSBC too, and they seem to have a lot. I feel I could make a good fist of it just by picking funds that have a gradual increase rather than the more peak and trough ones (though past performance isn't a guarantee of future performance, as the investing guides say).
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Post by LL Cool Dave on Feb 2, 2021 8:39:34 GMT
XRP is doing a dump at the moment Doing the same as DOGE did, which doesn’t bode well. DOGE fans are invading other crypto subreddits now to get them on to DOGE or pump other shitcoins. This will end in tears for some, specially those who put thousands into it. Got up to 55p and hovered around 45p before a shitshow of a dump without having the benefit of a massive pump. Not massive but as you say, if you've put thousands in.. It won't go down more than this I'd have thought. Or maybe not lol. XRP will have its day though, one day. $ADA is todays crypto of choice for me. Got in last night and steady but slow growth since. Disagree about DOGE, think its got some short term potential still. Good for a day trade.
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Post by swampmongrel on Feb 2, 2021 10:50:36 GMT
Has anyone used any of the investment platforms like Vanguard or Hargreaves Lansdown? I've never contributed to a pension (apart from what the government has given me no choice on) and am thinking of using one of these platforms for investment instead. I want something I can basically put money into and leave it, and index tracker funds look a good option from what I've read so far, performing consistently well over time. The two companies I've mentioned are well-reviewed, so if I go with one it's just a case of choosing... www.hl.co.uk/funds/index-tracker-fundswww.vanguardinvestor.co.uk/what-we-offer/index-active-productsIt sounds like you’re already along the right path picking the low cost passive funds. Where UK investors should pay attention is to whether to use a SIPP or an ISA. Unless you’re mega wealthy you will want to use one of these wrappers. The decision to use either (or both) will depend on a variety of different factors depending on your current age, wealth, employment etc. You should check out the pros and cons of each one. The blog ‘Monevator’ is, in my opinion, the best source for information on these matters and will have an article on the different ‘wrappers’ which should help. LISAs might also be worth investigating. I believe Vanguard now offers both ISAs and SIPPs and will be cheaper than HL. You can hold Vanguard funds on other platforms as well, also within ISAs or SIPPs. To keep your fees down Google Monevators ‘Broker Comparison’ to see what works best for your requirements.
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Post by Vadiation_Ribe on Feb 2, 2021 15:03:08 GMT
Has anyone used any of the investment platforms like Vanguard or Hargreaves Lansdown? I've never contributed to a pension (apart from what the government has given me no choice on) and am thinking of using one of these platforms for investment instead. I want something I can basically put money into and leave it, and index tracker funds look a good option from what I've read so far, performing consistently well over time. The two companies I've mentioned are well-reviewed, so if I go with one it's just a case of choosing... www.hl.co.uk/funds/index-tracker-fundswww.vanguardinvestor.co.uk/what-we-offer/index-active-productsIt sounds like you’re already along the right path picking the low cost passive funds. Where UK investors should pay attention is to whether to use a SIPP or an ISA. Unless you’re mega wealthy you will want to use one of these wrappers. The decision to use either (or both) will depend on a variety of different factors depending on your current age, wealth, employment etc. You should check out the pros and cons of each one. The blog ‘Monevator’ is, in my opinion, the best source for information on these matters and will have an article on the different ‘wrappers’ which should help. LISAs might also be worth investigating. I believe Vanguard now offers both ISAs and SIPPs and will be cheaper than HL. You can hold Vanguard funds on other platforms as well, also within ISAs or SIPPs. To keep your fees down Google Monevators ‘Broker Comparison’ to see what works best for your requirements. Thanks - I've just turned 40 so missed out on a LISA. I've never put anything into a pension apart from what the government takes automatically, and I believe my employers add a bit too. SIPPs look tempting given my pension situation and the extra 20% you get. I think I'll split between a SIPP and an index fund I can access any time rather than banking on reaching retirement for the benefits. I also think I'm ineligible for another ISA this tax year given what my bank told me. I recognise Monevator, so it is one of the sites I've been reading! HL also has some good advice, and I remember another site that was useful - I think one of the writers said he writes on financial matters for The Times.
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Investing
Feb 2, 2021 15:46:39 GMT
via mobile
Post by chigstoke on Feb 2, 2021 15:46:39 GMT
Eth is on a rise again, think I moved over to it in time. Would like to catch up before it eventually skyrockets EOY. And altcoins have been doing quite well recently too. I Defo need to consider investing a bit on ADA, maybe VET as well.
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Post by clarkeda on Feb 2, 2021 18:47:54 GMT
Maybe a film will be made about all this craziness some day. I don't understand it all. The Big Short (which I enjoyed) is on iPlayer right now: www.bbc.co.uk/iplayer/episode/b06vq3yn/the-big-shortI have a couple life strategy fund with Vanguard (to help spread risk and I have different plans for each), performing at approx 20% overall up until last week and averages out at about 14% over the last 12 months. HL fees are a lot more then Vanguard. These look like the kind of thing I'm after - thanks. As a result, I've found HL have something similar, so I'll look at those too, as fees may not be everything if they perform better (and HL has very highly rated customer service and a lot more investment options if I want to get into that). I was perusing HSBC too, and they seem to have a lot. I feel I could make a good fist of it just by picking funds that have a gradual increase rather than the more peak and trough ones (though past performance isn't a guarantee of future performance, as the investing guides say). I didn’t realise it was on iPlayer, I’ll give it a watch tomorrow. Yeah, it’s personal preference I think, I use the life strategy funds at Vanguard, who seem to be a lot bigger in America. But I bet it’s all personal preference at the end of the day.
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Post by chigstoke on Feb 2, 2021 19:21:01 GMT
Purchases of GME, AMC and NOK getting blocked, yet again.
My order for AMC today got cancelled, haven't a clue when Freetrade will be resuming trading on these stocks.
Half tempted to say fuck it and just go all in on the crypto rather than that and shares. I've still got money going into an S&S ISA anyway so it's not a particularly huge loss to me.
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Post by swampmongrel on Feb 2, 2021 19:45:26 GMT
It sounds like you’re already along the right path picking the low cost passive funds. Where UK investors should pay attention is to whether to use a SIPP or an ISA. Unless you’re mega wealthy you will want to use one of these wrappers. The decision to use either (or both) will depend on a variety of different factors depending on your current age, wealth, employment etc. You should check out the pros and cons of each one. The blog ‘Monevator’ is, in my opinion, the best source for information on these matters and will have an article on the different ‘wrappers’ which should help. LISAs might also be worth investigating. I believe Vanguard now offers both ISAs and SIPPs and will be cheaper than HL. You can hold Vanguard funds on other platforms as well, also within ISAs or SIPPs. To keep your fees down Google Monevators ‘Broker Comparison’ to see what works best for your requirements. Thanks - I've just turned 40 so missed out on a LISA. I've never put anything into a pension apart from what the government takes automatically, and I believe my employers add a bit too. SIPPs look tempting given my pension situation and the extra 20% you get. I think I'll split between a SIPP and an index fund I can access any time rather than banking on reaching retirement for the benefits. I also think I'm ineligible for another ISA this tax year given what my bank told me. I recognise Monevator, so it is one of the sites I've been reading! HL also has some good advice, and I remember another site that was useful - I think one of the writers said he writes on financial matters for The Times. Yes probably a good idea to use both a SIPP and an ISA. SIPPs are like free money really for most people. You should be able to transfer funds from existing ISAs and keep them inside the 'wrapper' so, for example, if you have a cash ISA or an Stocks and Shares ISA you could transfer those funds to whatever platform you choose and buy whatever fund/ETF fits your requirements. It can be worthwhile if you have something in an expensive fund that isn't performing. Not doing this was a big mistake I made a few years ago. It's really all about FEES. It's the one thing that we can all control and can make a big difference.
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Post by partickpotter on Feb 3, 2021 11:02:09 GMT
Short selling is back to the top of financial news with a short squeeze on GameStop. This guy gives a pretty good explanation of what is going on. I (just about) get what is happening with GameStop. I can’t figure out why this had led to a boost for cryptocurrencies.
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Post by mtrstudent on Feb 3, 2021 16:05:04 GMT
[snip] It's really all about FEES. It's the one thing that we can all control and can make a big difference. My friend's family are mega rich and are really proud of having picked a good stock manager. Dude charges 1.5% and averaged 7% return, so over 25 years or so he's up about 280%, which they think is amazing. He's done alright, pretty close to most tracker funds. Except trackers charge like 0.15%, so you'd be up 425% if you'd used them instead. Basically for every million they have they could have had another 400k, but they've decided to keep giving their guy massive fees for adding nothing. 25 years ago the automated trackers weren't an option so I can see why they started where they did. Seems crazy to trust a manager who charges 10 times as much nowadays since so few of them beat the trackers.
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Post by swampmongrel on Feb 3, 2021 16:45:52 GMT
[snip] It's really all about FEES. It's the one thing that we can all control and can make a big difference. My friend's family are mega rich and are really proud of having picked a good stock manager. Dude charges 1.5% and averaged 7% return, so over 25 years or so he's up about 280%, which they think is amazing. He's done alright, pretty close to most tracker funds. Except trackers charge like 0.15%, so you'd be up 425% if you'd used them instead. Basically for every million they have they could have had another 400k, but they've decided to keep giving their guy massive fees for adding nothing. 25 years ago the automated trackers weren't an option so I can see why they started where they did. Seems crazy to trust a manager who charges 10 times as much nowadays since so few of them beat the trackers. Good example. Nuts really how much some fund managers/advisors still get away with charging. My workplace organised a seminar with financial advisors to come and talk to the staff about financial planning. Some of the funds they were trying to sell had crazy fees. Like 2% for a fixed income bond fund. I’m not sure they appreciated me sat at the back piping up about low cost alternatives from the likes of Vanguard. 😃
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