I just started using Freetrade, and it has no commission trades, so it is only the 0.5% stamp duty and the spread. Platform cost for stocks/funds is £3 per month for ISAs, no matter how much the ISA value. No additional cost for general dealing accounts.
I’m going to ditch my AJ Bell account now as having used Freetrade today I really like it, and got fed up paying £10 commission for every trade on AJ Bell. In the process of transferring my and my wife’s ISAs.
If I am holding the shares for the long term, then it makes much more sense to pay the one off 0.5% stamp than 0.1-0.2% year after year with an ETF. Although you can still buy plenty of ETFs through Freetrade at lower platform cost.
I can create my own ETF equivalent, and have more fun doing it. There are certain stocks in the FTSE I don’t want in my portfolio, hence another reason to avoid ETF. It allows me to buy stocks in the 250 and 350 and mix and match.
Edit - my missus picked 5 shares and I picked 5 shares so we are having a bit a a competition to make it more interesting.
Last edited by noTAGlove; 16th April 2021 at 17:23.
Someone who lies about the little things will lie about the big things too.
I've just invested my wife's and my ISA Allowance in a BMW M4 with change - I'm sick of all this "investment" roulette
Seems like the magic TZLA rally won't happen today. Selling my position here for a $1 gain.*
Looking at the open interest which is expiring worthless in a few minutes, wow - that must hurt for some players. Serves them right (still hurting about the $100k profit they stole from me six weeks ago).
SP and Naz closing on all-time highs - I will leave my positions on over the weekend.
*while I was typing this, it advanced by $2 - seems I am a little behind the curve here. Whatever, I am out.
Someone who lies about the little things will lie about the big things too.
Gold is starting to look very attractive again. Real yields on the dollar have recently turned negative at -1%, if you take 10 year treasury yield at 1.6% and minus March 2021 CPI at 2.6%.
Negative yields are great for gold and it is currently up around 6% from the March lows, and some miners are doing a lot better.
Next months CPI is forecasted to be a lot higher especially as it takes into the effect of the nadir of April 2020. Looks like gold and precious metals could be going higher.
If the spread between CPI and treasuries widens going forward, gold will take off. And if the a Fed introduces yield curve control, it will be to the moon.
Now I’ve got commission free trades I’m going to put £100/day into several gold miners for the next month, as I previously got burned on buying precious metals last summer and autumn so want to cost average.
Was thinking similar. Sold all my gold a couple of months back but have held onto all my silver which I bought last August during the very low point.
Not really considered miners, which ones are you thinking look the most investable, currently?
Well the great man himself Warren Buffett briefly invested in Barrick last summer presumably pulling out his investment when the yield on the dollar turned positive.
So if it is good for Warren it is good for me.
Barrick’s shares peaked at $30 last August when gold was $2000/oz, and hit a low of $18 last month when gold was under $1700/oz.
Currently the shares are just over $22 at $1780/oz. So, if, you do expect gold to rise to $2000+/oz, you could expect 35% return on share price over the next few months.
A big IF of course and obviously a risk. I can’t see gold going lower for at least the next 3 month while CPIs print higher, unless there is a massive take off in treasury yields which won’t be allow to happens as it would collapse the whole house of cards.
Did anyone manage to get in on ARB at 125p this morning?
#whennasdaqlambo
I doubt anyone got at shares much below 150p this morning. Some people on the LSE forum bragging about "Laoding up ar 145p" but I call bullsh1t. I don't think it was possible unless you're a proper trader on a main system.
Certainly not possible on HL this morning. Just got NT quotes (not that I wanted to buy any more).
Short S&P - check
Short NASDAQ - check
Long EUR/USD - check
Long TSLA puts - check
My only position which is going sideways is long Gold futures, that is exactly where I bought it on Friday (after having been a lot higher this morning).
I have zero other positions and feel very well positioned at the moment.
Someone who lies about the little things will lie about the big things too.
Leading investors recommend to #BTFD:
And since the dip has just become another 20% cheaper than when he released the video yesterday, y'all should be so happy.
Someone who lies about the little things will lie about the big things too.
Dude needs to get out in the fresh air, go for a run, do some push ups.
LOL ... the whole show is mental ... I’m just wondering how long before people realise their dogecoins etc are totally without any utility or future revenue streams and as such are worthless.
I get the store of capital etc but that’s not what’s going on. There has to be a realisation at some point and I fear that will have a knock on effect to real assets.
You've been dancing for money. Now this could be a once in a lifetime opportunity. After that, you may end up burning down the house. Just remember that if you do manage to make a killing, there is no point in turning psycho and living the wild, wild life. Take a clean break, and don't worry about the government.
I'll get my coat.
'Against stupidity, the gods themselves struggle in vain' - Schiller.
I'd be ditching Airlines...
ARB is having a good day. Finally.
https://uk.investing.com/equities/argo-blockchain
Adding back some SP and Naz shorts that I trimmed yesterday (unfortunately not at the bottom, only a tiny little lower than we are now).
Someone who lies about the little things will lie about the big things too.
This turned semi-sour during the evening. Still, refusing to close my position here, let's see what the night brings.
On the other hand, another round of excessive call option buying in TZLA - $750 - $800 strikes with expiry on Friday (48 hours from now). I will never stop being impressed by the amount of cash being thrown at attempts to prop up the shareprice of this turd. Today alone Tesla made headlines with China cracking down on poor quality and service, German plant opening delayed due to non-compliance with German laws and lots of attention after two more deadly accidents in autopilot mode.
But laser eyes, bro.
Someone who lies about the little things will lie about the big things too.
Closing my shorts here.
Second time in a good week that I was short, saw BIG gains - but didn't take profit and subsequently watched market trade higher and my profits disappeared over night. Frustrating.
#BTFD, bro. What's so difficult 'bout that?
Someone who lies about the little things will lie about the big things too.
1pm Dow went nuts what happened? US out UK into high risk covid category then 3pm UK announces 57 cases of the India double bubble covid , is that why?
A dip would be nice some time soon, have yet to make use of 21/22 LISA/ISA.
Someone who lies about the little things will lie about the big things too.
The bottom is falling out of cryptos. I see risk that this will spill over into the real world. Crypto stocks already under pressure: Coinbase, Microstrategy, Argo
Reminder that my long-term price target on bitcoin is unchanged: zero.
Someone who lies about the little things will lie about the big things too.
Crypto mining has exploded? How so?
Someone who lies about the little things will lie about the big things too.
Higher hash rate doesn't prove that more people are at it - I think there has been a big shift from individual coiners to institutional mining, which means that the number of coiners has gone down over time.
Been trying to find data on that but cannot beyond the anecdotal evidence that there are more and more companies involved with mining.
In any case, your graph does not show any explosive growth, in fact growth in hash rate seems to even trail price development (which I find surprising given the margin expansion).
Someone who lies about the little things will lie about the big things too.
I think that recent hash rate drop off is mainly due to power outages in China and the start of an inspection process by the Chinese authorities.
What the hell's happened to INO? It's 25% down in the pre-market.
I'm really not having much luck with these single stock picks. That's what I've avoided investing in single equities for the past 20 years. Should never have deviated from my passive plan. Still, things can turn positive as fast as they turn negative.
https://uk.investing.com/equities/in...aceuticals-inc
A few weeks back Biden announced a large rise in corporation taxation, the market at the current point doesn't seem that bothered by news!
https://www.ft.com/content/49290545-...9-4673ad762002
Anyone hold WOS? I'm thinking of buying in, in the hope they can crack the US market with their expansion.