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I’ve been watching silver as well. Been considering buying some as gold appears to be overpriced and silver is rising. I’d like to buy platinum but it’s out of my league.
Regarding stocks we have ISA accounts which are tax free.
Physical precious metals which are legal tender are not taxable I believe. But yes shifting physical thing will be harder and there will be more costs. You'll have to work it out with the tax man I'm afraid...
Loans and interest Vs appreciation and income are all maths. Loans are part of modern life. If you can do the math you can use them or not.
Like stocks and shares you can dabble, but in the UK stocks, shares & commodities any gains are subject to capital gains tax, once you exceed your capital gains allowance. The only form of trading not subject to capital gains is spread trading (betting)
But was anyone brave enough to put 20% of their life savings in there?.....
Certainly not me, I put a couple in and that’s enough for me. A friend (who has far far to much money to play with) just made £12k but has bottled keeping them in any longer. He thinks they will hit 20p soon.
They’ve developed a pellet that has really efficient burning rate vs. regular fuels.
Certainly not me, I put a couple in and that’s enough for me. A friend (who has far far to much money to play with) just made £12k but has bottled keeping them in any longer. He thinks they will hit 20p soon.
They’ve developed a pellet that has really efficient burning rate vs. regular fuels.
Just caught up with this thread, apologies but not on much when on hols.
Anyway, further update: I actually sold all my holding in CCL. I wasn't worried per se about the sp but as the long term future is so uncertain for the cruise industry, they were starting to debate if it really could recover, as it will be due to run out of cash next June/July. Could have lead to further massive borrowing, which would depress the sp for even longer or even get broken up, with the risk of sharehomders losing everything.
Decided to bite the bullet & sold off with a £1,100 loss. Grim. However, taking into account my profits in previous sales, I was only down £690. Today sold BPC for £645 profit & after 7months only £45 down over all & hopefully a little wiser. Rest of my stocks not looking too bad, apart from NEX, they really are taking a long time to return to what I paid for mine. Might buy more to lower my avge & flog at break even.
5month left to end up +£21, to beat what the Halifax would have paid me. Quietly confident I'll manage that, at least!
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Simon Bolivar: Liberator of Bolivia, Ecuador, Peru & Venezuela.
Certainly not me, I put a couple in and that’s enough for me. A friend (who has far far to much money to play with) just made £12k but has bottled keeping them in any longer. He thinks they will hit 20p soon.
They’ve developed a pellet that has really efficient burning rate vs. regular fuels.
Up 34% now. Am still going to keep them for a while.
Thanks for the tip on SAE, having read up about it, looks like it's worth a punt; altbough I think this will probably take longer to reach the target price than 12months but 40-50p would be good!
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Simon Bolivar: Liberator of Bolivia, Ecuador, Peru & Venezuela.
Thanks for the tip on SAE, having read up about it, looks like it's worth a punt; altbough I think this will probably take longer to reach the target price than 12months but 40-50p would be good!
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Not long after typing I sold 70% of my shares as thought 34% was a good enough return vs the bank interest rate. I'll keep the remaining 30% for a while longer.
Never wrong to take a profit! Just to say SNG & Boo Hoo still doing well for me, still worth checking the former out if you have heard of it.
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Saw they had a massive spike towards the end of July with the Covid news. I hope you bought your shares in Jan as you’ve made a pretty penny if you did !!!
BooHoo have just added / or are adding another brand to their portfolio (The Idle Man) so I expect them to jump up again. They will also likely buy Oasis too before long which gives them pretty much all of the old Mosaic / Aurora Fashions brands along with Coast and Karen Millen. Pretty Little Thing are hammering their marketing at the moment to get people online and spending too which will affect the BooHoo share price positively.
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