Savings and Investments thread

valleynick66

Stu_of_Kunming said:

PragueAddick said:

Diebythesword said:

Think of crypto like digital assets (a digital gold etc). Iirc FCA have relaxed their rules so you can now begin to invest in regulated bitcoin products with your SIPP and stocks and shares isa. Think it’s worth having small exposure to tbh. 

I don't think it's a good idea to think about crypto in that way. Gold has intrinsic value. It is used to make jewellery and similar which retain or increase their value over time. 

Bitcoin is just a name. As is Melaniacoin, Turdcoin, etc. And please don't tell me it's a currency. When did you last buy something with bitcoin? And if you did buy something, was the item something you want to fess up to on a public platform?

Just shows how behind the times the Uk is though, it’s used as currency in multiple other countries for fully legal and above board transactions. 

You consider our financial services behind these countries do you ?

Which nations are you referring to?

IdleHans

Bought a handful more Rigetti today on the very short-lived dip. My old next door neighbour works for Oracle and suggested I take a look at quantum computing back in October last year. 
Went in very light on that one and IONQ as speculative investments, and my timing could have been better (as ever) but no complaints about the subsequent performance of either. 

Rob7Lee

Friend Or Defoe said:

Huskaris said:

I'm up 23.36% over 12 months
17.63% YTD
30.18% over 6 months
8.47% over past month. 

Bought my first bit of gold and silver in an ETF, bit I didn't want to do a full portfolio rebalance, so precious metals currently around 0.2% of my portfolio. 

I refuse to buy crypto, for a variety of reasons that I don't see a need to get into as I don't want to yuk someone's yum, but I hold the wisdomtree Blockchain etf which invests in companies involved in crypto, about 4-5% of my total portfolio (reducing it to 2-3%), it's gone absolutely nuts, up 117% in 6 months. 

Not sure how your 6 month is so high?! I'm about the same YTD (16.5%) but only 2.5% over the month. I'm still about 1% down from where i was on Friday.

Crpyto seems like a scam to me. Very volatile (I guess like Trump!) And i don't fully understand what it is to be frank. That said i did meet someone at a party who made £2m from it before most of us had heard of it. He's cashed in and has retired off of it.

The NASDAQ is up 34%, S&P 23%, if you were in gold that's up 28%, Nikkei 37% - so all depends where you are invested.

Diebythesword

Friend Or Defoe said:

Diebythesword said:

Think of crypto like digital assets (a digital gold etc). Iirc FCA have relaxed their rules so you can now begin to invest in regulated bitcoin products with your SIPP and stocks and shares isa. Think it’s worth having small exposure to tbh. 

FCA regulated crypto is interesting. 

Regulated products =\= crypto

youd be able to buy a bitcoin etf with your SIPP and s&s isa 

PragueAddick said:

Diebythesword said:

Think of crypto like digital assets (a digital gold etc). Iirc FCA have relaxed their rules so you can now begin to invest in regulated bitcoin products with your SIPP and stocks and shares isa. Think it’s worth having small exposure to tbh. 

I don't think it's a good idea to think about crypto in that way. Gold has intrinsic value. It is used to make jewellery and similar which retain or increase their value over time. 

Bitcoin is just a name. As is Melaniacoin, Turdcoin, etc. And please don't tell me it's a currency. When did you last buy something with bitcoin? And if you did buy something, was the item something you want to fess up to on a public platform?

When did you last buy something with gold?