Reply With QuoteFun fact: Elon Musk today became the richest person on the planet and none of his companies has ever returned a positive annual cash flow.
Well the Kraken got released again today and ARB is up 56% so far and MSTR up 12%. I wish I'd put more into ARB but it was super risky as it is exposed to all the cryptos (and 98% of them will end up being garbage). I'll take profit monday. MSTR I had a bigger holding (or should that be hodling) in and thus far it has bought me 2 years worth of retirement income so I can retire 2 years earlier if I choose to. I'll leave it as I see a race to $100k BTC currently but at $40k BTC will take my original order value out of it so worst case if it all goes belly up I am net neutral bar the trading fees.
Fun fact: Elon Musk today became the richest person on the planet and none of his companies has ever returned a positive annual cash flow.
“Potential”
:-)
Did you manage to catch it?Originally Posted by ryanb741
Nope as it was very briefly above 40k. Will do so today once US opens although BTC now below 39kDid you manage to catch it?
I'm happy with the small tranche I invested six weeks ago in solar stocks. And the group of airline stocks I bought dirt cheap ten months ago are stellar! Wish now I had done more $.
The answer to the OPs questions seems to be anything, except the FTSE 100.
This podcast is worth a listen.
https://moneyweek.com/investments/al...rce=newsletter
At one point they state that the mania for Tesla and Bitcoin is driven by the pandemic, middle aged men sat at home in their pyjamas thinking they can make easy money on the new tech ...
Well, they might well have done these last few months!
Where does a beginner start ,if your wanting to buy some shares ,are there any apps similar to Coinbase.
Sent from my iPhone using TZ-UK mobile app
Indeed. While the music plays keep dancing. Just don’t be on the floor when it stops.
And dressing gown, don't forget the dressing gown.
As others have mentioned before, there's a lot of folk looking to invest what they can't spend elsewhere (on holidays, social lives etc.) - even stimulus cheques. There are precious few places to actually invest in - savings interest rates are pitiful and the bond market is hardly appealing just now. So the mom & pop investors are throwing it all at equities (especially 'popular' stocks like Tesla) and even cryptocurrency.
And I count myself among them - FOMO!
Good luck ... I'm giving Tesla & Bitcoin a miss ... completely different animals but both seem caught up in some present day mania to me ... no doubt the ride will continue for a while but it too wild for me.
https://www.theguardian.com/business...droidApp_Other
Sent from my Pixel 5 using Tapatalk
Buckle up this week.
Someone who lies about the little things will lie about the big things too.
Exactly this ^
If history tells us anything, remember tulip bulbs
Last edited by wotsthecrack; 11th January 2021 at 08:23.
I read several research reports over the weekend heralding the global 'invasion' of 5G technology in wireless comminications. I was sold and spent about four hours investigating a couple dozen companies heavily into the 5G space. Whittled it down to ten strong competitors, and proceeded to place $5K buy orders for each. 2021 may suck for the financial markets, but I believe the best 5G companies will far outperform in the longer run.
So, now I'm essentially managing four equity sector funds:
- pacifichrono 5G Opportunities Fund
- pacifichrono Solar Focus Fund
- pacifichrono eV Technology Fund
- pacifichrono Airlines Special Value Fund
Not really funds, of course, but that's how I view these investments. I also tossed $10K into the Berkshire Focus Fund, which has been performing much better than the market.
Last edited by pacifichrono; 11th January 2021 at 20:01.
Apparently after Elon, Baillie Gifford (Scottish Mortgage Trust etc) are the biggest shareholder in Tesla, Going to be lots of tears if it crashes.
Seeking some SP500 futures here, will sell more at 3812 and 3830.
Target below 3500.
Someone who lies about the little things will lie about the big things too.
Some regions in China reporting new surges in covid cases
Sent from my Pixel 5 using Tapatalk
Mrs. PC and I recently booked 2 weeks in a Maui (Hawai'i) condo for late July. (gulp!)
That's common knowledge.
They reduced their stake last year due to the value ballooning and have been in tesla for nearly a decade now.
Most investors in smt won't have any tears.
Sent from my iPhone using Tapatalk
I have a huge short position in SP500, and watching how the avalanche starts sliding down the hill. Nice.
Not a good day , Brazilian mutants and bad economic news kicking Bidens rescue package in the nads
Sent from my Pixel 5 using Tapatalk
Is there any neat or efficient way to track one's buying and selling decisions over the past year, that is to compare the prices at which you bought and sold funds or shares and compare to their current prices? Is there much point in doing this analysis?
I use the AJ Bell platform.
Last edited by ernestrome; 15th January 2021 at 14:49.
Which platforms are you UK guys using for individual shares? I have an old pension and a new ISA in Vanguard but when I try to open the brokerage account needed for individual shares on Vanguard it takes me to an American site and won't recognise my existing credentials (after I've clicked new user then existing login). I think that means they don't allow it in the UK? Help page is also American.
Happy to open as a SS ISA if it allows individual stocks as this will be for a couple of very low value 5-10 year punts.
HL but that may not be the best
There is a UK site called Monevator which has a good article comparing platforms for different uses - I'd look at that if I were you
https://monevator.com/find-the-best-online-broker/
Yes but most individual BG funds do not have more than 2% exposure to Tesla, same for Amazon. Diversification is everything to manage volatility.
Top ten holdings of Scottish Mortgage Trust:
The first word which springs to mind isn't diversification, much rather dynamite.
Looks like SMT has been reducing its Tesla holding; down from 12% a few weeks ago.
Sent from my iPhone using Tapatalk
That screams two things.Top ten holdings of Scottish Mortgage Trust:
The first word which springs to mind isn't diversification, much rather dynamite.
1. 100% millennial traders
2. "lol not my money"
Still listed at 12.3% in Tesla on their full breakdown. Also the same on the HL fundamentals page. Thought that was at end of November so maybe reduced now.
https://www.bailliegifford.com/en/uk...november-2020/
And as I said, most individual BG funds have less than 2% and are diversified. SMT is one trust, the OP said "Baillie Gifford (Scottish Mortgage Trust etc)" which is a multiple referenceTop ten holdings of Scottish Mortgage Trust:
The first word which springs to mind isn't diversification, much rather dynamite.
It's only their flagship.
Baillie Gifford American and their Long Term Global Growth both have over 9% of investments in Tesla.
Sent from my iPhone using Tapatalk
Indeed, and has "full" weighting to various other stocks too. But it is the exception to the rule with BG funds, etc...they do have a lot more funds than the 3 flagged
Last edited by thegreatdogwood; 18th January 2021 at 21:06.
I am sure the Tesla position in the Emerging Markets Bond Fund is much smaller.
The ballooning value of tesla distorts their % value on current holdings.
All their funds did well from the early investment.
Sent from my iPhone using Tapatalk
OK, most of their funds cannot invest at all into Tesla because their investment mandate doesn't allow (Bond funds, UK, Asia, China, Income, EM funds etc.).
Here are those where Tesla is an eligible investment. In all but two funds Tesla is by far the biggest position.
You’d think they’d rebalance every once in a while. Like passive funds do. Wouldn't get out of kilter like that if they did.
European regulated retail funds (UCITS) are not allowed to invest more than 10% into any single security. If the percentage drifts somewhat as a result of market movements, the fund is expected to re-balance to get the holding below 10% again. Not sure to which extend this still applies to the UK, but if those funds were to be sold anywhere in Europe they needed to comply with these rules.
I've started to turn around half my positions into cash. Have already liquidated most of the BTC derivatives (since hitting 41k last week it is hovering around the 35-37k range and I suspect a pause for a bit so I'll take profits), have put the requests through to sell my tracker funds also and will just keep emerging markets and Asia in play plus stocks like IAG. Will probably liquidate SMT in the morning also. Will keep my FTSE100 tracker in as I feel UK stocks are cheap.
Why? I don't know, I'm absolutely no expert other than it just feels like a correction is nigh and that some more reality will return to the markets. If the market drops 10% or so I'll go back in.
I saw a chart and analysis today that suggested Btc was about to push on. It was on a football forum admittedly so DYOR lol
I’m back fully invested in my Sipp. Lost a few months growth waiting for the correction last year so I’m letting it run this time. I’m pretty diversified in the Sipp so I’m leaving the experts to do their magic!!
No doubt BTC will push on. My exiting the position would for sure be a sign that it will! :)
What’s your plan if markets climb 10%?
Wish I hadn't cashed out and kick myself for doing anything other than investing in low cost tracker funds :)
Sent from my SM-G950F using Tapatalk
Thanks, interesting link. Had a brief look now but will read properly tomorrow.
If the Biden clan are about to announce yet another round of stimulus, as it looks like they are, then surely that will go to push things higher and higher?
Probably a good time to go all in on Tesla.
I just added two stocks and one EFT to my "Solar Portfolio." I'm a believer!
Posting Permissions
