ISA’s
- Thread starter ronk
- Start date
Okay here's a brand new ISA I opened this year with a new provider. It was £2 less to trade with this provider over my old which is why I opened a new one and left the rest in my old provider as I didn't see the point in switching it all over. I do have a normal trading account with this provider too for what I couldn't put into the ISA this year which is in an even higher profits because it went down a bit after the start of the financial year so I managed to buy it on a bit of a dip. I can provide screenshots of that too.
It's a highly volatile stock. As such the price has actually dipped by greater than 10% since a week or two ago when the mobile phone shot was sent on whatsapp to a mate of mine so thats why the valuation has dropped from 35% profit to 20% and is no longer £5.60 but around £5. I'm not worried I originally started buying this stock when it was only £1 odd last year so it's went up by £4+ in a year. I have screenshots of that too if you would like proof of my buy transactions from last year but will take time to get off my phone.
It's a highly volatile stock. As such the price has actually dipped by greater than 10% since a week or two ago when the mobile phone shot was sent on whatsapp to a mate of mine so thats why the valuation has dropped from 35% profit to 20% and is no longer £5.60 but around £5. I'm not worried I originally started buying this stock when it was only £1 odd last year so it's went up by £4+ in a year. I have screenshots of that too if you would like proof of my buy transactions from last year but will take time to get off my phone.
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I don't understand why it's not believable. I made around 4000% trading crypto at one point last year. 500% isn't exactly ridiculous in todays world. Problem is that crypto crashed and took around 3600% of that profit away from me. Still up 400% for the year on that but obviously it was funny money at one point I was watching the balance go up by £40K per day and all of my mates on whatsapp did the inevitable and bought the top when they saw my screenshots. FOMO is a crazy thing.
Attleborough, Norfolk
enuff_zed said:FROT
(If you know, you know)
I really wish I hadn’t googled this
enuff_zed said:Begs the question though, if you're making that much why are you still sat sadly at home trolling the forum?
Get out and spend a little.
It's a long term investment. Spending money comes from other sources like my day job, trading, rental property and other passive income sources.
I set a target date and a goal and even if I hit my goal it still won't be cashed out until the target date it just means I won't cash it out fully on the target date which is around 8.5 years away currently.
SonnyA85 said:
Did ye, aye…..
And for the non Scottish/Glaswegian members amongst us to save you googling like Martin’s also very apt FROT term :wink:
“A very common and important phrase among Scottish lingo, word for word translates as "did you, yes?". "Did ye aye" is an extremely condescending phrase used to shut down the person you're talking to if you think they're speaking pish”
Zedebee said:I truly hate “The Lounge”. Occasionally there’s a good joke or too but mostly it’s just attention seeking and opinionated bollocks (just my opinion, of course
You forgot the bitterness too. There's hedge fund managers out there who make funny money per day but if someone comes along who happens to make more than the standard 10% index tracker it's obviously all lies just because they can't do it.
I pay a financial adviser and he's worth every penny. But a lot of folk wouldn't do that even though they could easily make money by doing so as they think it's some form of dark art and money for nothing. It takes money to make money and you have to be willing to put your neck on the line and pull the trigger, a lot of people can't do that for fear of losing. When someone else manages to do it, others can't believe it's real and then they FOMO into an overpriced tech stock and then say it's all a scam because they keep losing money.
It's hardly rocket science. Energy prices are going up and are at crazy levels. The dutch company I invested in at one point the dutch gas market was at 3000% price increase. People in the UK are complaining about a 400% increase to put into perspective how much money they were making. People in the UK are crying for them to be taxed more. This company was making £8m per day in profit. It's valued at less than £1 billion. It's still making funny money today. Even though the price is up 500% I am still buying more shares in it every month as I fully expect it to be worth £10 a share within 2-3 years.
D
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SonnyA85 said:
Whats the stock that you are buying?
The fact that there is alot of talk on here about opening the ISA for the 0.something to 2% and locking in for 3 years tells you all you need to know really.
I put 3k into Crypto about 2 years ago mainly in SOL and watched it go to 14k and at that point put in in promising projects and kept some in SOL and bought some ETH. I had 3k in SRM at one point and that really has gone t1tts up. Most is in FTT which my bet is on it doing a Binance in the future and building strong. But who knows- it's money I am ok with losing.
Crypto Portfolio was at 3.2k last week when I checked at the start of the week. I think the 10k that I "lost" is a very good education for the next cycle where I plan to invest more. If I wasn't half way thorough a house move I think I would be adding now.
I have just set up a SIPS and have started paying into a pension on a monthly basis. Literally starting from basically zero and really focusing on funds.
I have Tesla in my SIPPS (only stock so far for a long term hold) alongside some VWRL (fund- nice exposure to world markets but heavily weighted on American Index's)
I also have a Lifetime ISA (same stick as the House ISA type thing) you bang in 4k a year and they top it up to 5k. This one I am just buying an S&P tracker for the next 15-20 years. This one will be for my future kids to teach them the benefits of dollar cost averaging and compound interest. Both things I wish were taught to me back in my late teens/early 20's.
[ref]SonnyA85[/ref], I hope you don't mind but i've taken the liberty of passing your details onto all the top investment banks who will shortly be in a bidding war to hire you for your amazing stock market acumen.
Aso, if you could kindy just take five minutes and jot down a synopsis of your life this far, I will submit it here for you, after i've placed a sizeable bet at the bookies on you winning.
https://en.wikipedia.org/wiki/World_Fantasy_Award%E2%80%94Novel
Aso, if you could kindy just take five minutes and jot down a synopsis of your life this far, I will submit it here for you, after i've placed a sizeable bet at the bookies on you winning.
https://en.wikipedia.org/wiki/World_Fantasy_Award%E2%80%94Novel
I just googled FROT and it certainly didn't match my thinking!Argyll Andy said:SonnyA85 said:
Did ye, aye…..
And for the non Scottish/Glaswegian members amongst us to save you googling like Martin’s also very apt FROT term :wink:
“A very common and important phrase among Scottish lingo, word for word translates as "did you, yes?". "Did ye aye" is an extremely condescending phrase used to shut down the person you're talking to if you think they're speaking pish”
I was more along the lines of four separate words, with the last one having two equally relevant meanings.
Go briskly away, person who lives under a bridge/small Scottish town
Don't have a problem with that myself, as it would be a bit hypocritical if I did.Zedebee said:
Possibly the way it is executed makes the difference. Humility and humour need to be used in abundance IMHO, otherwise the poster can come across as an arroogant, authoritarian 'know all' which irritates and alienates other forum members.
This, unfortunately, seems to be the case with one member at least. :|
mgrlane said:
I have scrubbed away the name for a reason. I won't tell anyone. I have literally spent days researching the company, it's directors, major shareholders, company accounts and financials. I'm sure you can understand all that time and effort I'm not just going to give away for nothing.
There is another company I did the same for last year it is today £14 a share as an example. A coal mining business. When china banned coal imports from Australia and started manipulating the price of coal I saw it as a good sign. I bought that company at less than £3 a share. That's all within a year. It's not just 1 magic stock pick. I have done this across 3 different stocks now using extensive research.
If you want I can tell you what I look at and what websites I use to do my research. Just send me a PM. These are all free to use websites. You won't need to pay me or the websites anything. They are public information. You just need to register an account to use them.
D
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SonnyA85 said:
Fair enough. What ever works for you I guess.
I am happy for anyone to know what I have bought- for example I would be very much obliged and would be super happy if you all bought and held Tesla.