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Savings and Investments thread
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3 x £25 here. Best for a long time.0
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Nothing this time. Obviously a punishment for having the temerity to sell some last month.
I only have £40k worth there now....0 -
Cheers Prague, makes me feel a bit better. I NEVER win, but then I've only got fifty.
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1 x £25 & 1 x £50 this time !0
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I'm still waiting to hear if @Rob7Lee father in law won again! :-)0
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£25 for me0
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Bollocks all for us0
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£50 the missus, £25 for me.0
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Anyone else worried about evergrande tanking?0
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No, because if I have any of their shares it would be in a collective and therefore a very small percentage of my portfolio.kentaddick said:Anyone else worried about evergrande tanking?
Only invest an amount that you are prepared to lose.0 -
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More of the knock on effect it will have on the rest of the chinese, and then the world economy if they default.golfaddick said:
No, because if I have any of their shares it would be in a collective and therefore a very small percentage of my portfolio.kentaddick said:Anyone else worried about evergrande tanking?
Only invest an amount that you are prepared to lose.2 -
Yes, hugely, but not because I have any shares.kentaddick said:Anyone else worried about evergrande tanking?0 -
I think that's a legitimate concern myself but I am a cautious old git. But I'm not alone, the FT Unhedged team are saying thiskentaddick said:
More of the knock on effect it will have on the rest of the chinese, and then the world economy if they default.golfaddick said:
No, because if I have any of their shares it would be in a collective and therefore a very small percentage of my portfolio.kentaddick said:Anyone else worried about evergrande tanking?
Only invest an amount that you are prepared to lose.
Obviously, offering an independent prediction about Chinese policy is way above Unhedged’s pay grade. But seeing how disciplined the Chinese authorities will be in the face of the Evergrande test will be one of the most interesting dramas of the coming months.
Frankly Unhedged articles a bit above my paygrade too! But yesterday, they were worrying about the fact that five times in the last few weeks the equity markets have been trying to rally, and always fallen back. All of that tells me that I should give it a couple of months to see how things play out before buying anything more (although at the same time, I would not sell, because what you gonna do with the proceeds, when inflation far outstrips anything a bank cash savings account offers?)0 -
Exactly, inflation and a huge state backed company defaulting is a recipe for a perfect storm imo. Even the crypto nuts people I follow seem scared about it. It’s well established we haven’t learnt the correct lessons from 2008, and this coming downturn is going to be worse imo.PragueAddick said:
I think that's a legitimate concern myself but I am a cautious old git. But I'm not alone, the FT Unhedged team are saying thiskentaddick said:
More of the knock on effect it will have on the rest of the chinese, and then the world economy if they default.golfaddick said:
No, because if I have any of their shares it would be in a collective and therefore a very small percentage of my portfolio.kentaddick said:Anyone else worried about evergrande tanking?
Only invest an amount that you are prepared to lose.
Obviously, offering an independent prediction about Chinese policy is way above Unhedged’s pay grade. But seeing how disciplined the Chinese authorities will be in the face of the Evergrande test will be one of the most interesting dramas of the coming months.
Frankly Unhedged articles a bit above my paygrade too! But yesterday, they were worrying about the fact that five times in the last few weeks the equity markets have been trying to rally, and always fallen back. All of that tells me that I should give it a couple of months to see how things play out before buying anything more (although at the same time, I would not sell, because what you gonna do with the proceeds, when inflation far outstrips anything a bank cash savings account offers?)Speaking of crypto… there’s always defi protocols to store your cash 😜1 -
Well markets are bucking the trend and recovering really well from last weeks falls.0
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As they have done several times in the last few weeks...that was the point the FT guys were making...golfaddick said:Well markets are bucking the trend and recovering really well from last weeks falls.
Maybe time for @Rob7Lee to remind us of the predictions for FTSE 100...we're on the home straight. I'm quite Ok with my prediction - although this time, Golfie I seem to recall there's a gnat's whisker between our predictions. In fact most of us are bunched tightly together, I think, yet there are so many global Events out there ready to upset the applecart...0 -
Some BG funds have serious making up to do. Looks like they fell about 15pc in the space of a few weeks!1
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I've long believed that the next crash is going to come from China; the warning sign was 2015. Massive misallocation of capital on a scale never seen. The fact that it will happen in a corrupt, totalitarian state will cause Chernobyl-like chaos in markets when they can no longer cover it up (Covid-19 style). But I think it's a way off.PragueAddick said:
As they have done several times in the last few weeks...that was the point the FT guys were making...golfaddick said:Well markets are bucking the trend and recovering really well from last weeks falls.
Maybe time for @Rob7Lee to remind us of the predictions for FTSE 100...we're on the home straight. I'm quite Ok with my prediction - although this time, Golfie I seem to recall there's a gnat's whisker between our predictions. In fact most of us are bunched tightly together, I think, yet there are so many global Events out there ready to upset the applecart...
China will be able manipulate information and domestic corporate and financial market activity for a long time. Only once we've largely disentangled key supply chains will they be vulnerable and that's going to take time, albeit we have at least finally woken up to it after Wuhan.
Stock markets climb walls of worry. Omicron will either replace delta with a milder form or we'll carry on with delta. Either way, governments will finally wake up to the fact that lock downs cause orders of magnitude more harm than good.
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Bit late to the party (house moving) - but a bumper Month in that me, wife and eldest had £25, youngest £75 - and of course father in law £25.
Here's the FTSE100 with a few weeks to go;Name Level Variance % Variance wwaddick 7340 2.95 0.04% Daarrrzzettbum 7333 4.05 0.06% PragueAddick 7350 12.95 0.18% StrikerFirmani 7355 17.95 0.24% Morboe 7312 25.05 0.34% golfaddick 7375 37.95 0.52% Pedro45 7297 40.05 0.55% Bangkokaddick 7390 52.95 0.72% Fortune 82nd Minute 7280 57.05 0.78% blackpool72 7400 62.95 0.86% RalphMilne 7415 77.95 1.06% Redman 7255 82.05 1.12% Killer Kish 7440 102.95 1.40% cafc7-6htfc 7228 109.05 1.49% Exiledin Manchester 7450 112.95 1.54% Addick Addick 7220 117.05 1.60% gunnessaddick 7458 120.95 1.65% Housty 7466 128.95 1.76% Hoof_it_up_to_benty 7495 157.95 2.15% thecat 7175 162.05 2.21% CAFCWest 7501 163.95 2.23% Rob7Lee 7505 167.95 2.29% Covered End 7512 174.95 2.38% Thread Killer 7159 178.05 2.43% meldrew66 7535 197.95 2.70% WishIdStayedInThe Pub 7544 206.95 2.82% Gary Poole 7574 236.95 3.23% Salad 7100 237.05 3.23% CharltonKerry 7594 256.95 3.50% @TelMc32 7080 257.05 3.50% Huskaris 7596 258.95 3.53% holyjo 7612 274.95 3.75% IdleHans 7634 296.95 4.05% LargeAddick 7647 309.95 4.22% valleynick66 7654 316.95 4.32% MrOneLung 7654 316.95 4.32% KentAddick 7676 338.95 4.62% fat man on a moped 7681 343.95 4.69% No.1 in South London 6985 352.05 4.80% HardyAddick 7692 354.95 4.84% Lonelynorthernaddick 7700 362.95 4.95% bobmunro 7784 446.95 6.09% oohaahmortimer 6767 570.05 7.77% Er_Be_Ab_Pl_Wo_Wo_Ch 6500 837.05 11.41% 0 -
Evergrande have defaulted. Here we go…1
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The level of debt is pretty impressive. Interesting to see how the Chinese authorities manage this.kentaddick said:Evergrande have defaulted. Here we go…0 -
Who would have thought that the eternal optimist @bobmunro would be virtually the same distance away from the correct prediction as "half empty" @oohaahmortimer! My money would be on the latter ultimately being closer.1
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There's still time!!Addick Addict said:Who would have thought that the eternal optimist @bobmunro would be virtually the same distance away from the correct prediction as "half empty" @oohaahmortimer! My money would be on the latter ultimately being closer.2 -
Given all the uncertainty at present anything is possible.bobmunro said:
There's still time!!Addick Addict said:Who would have thought that the eternal optimist @bobmunro would be virtually the same distance away from the correct prediction as "half empty" @oohaahmortimer! My money would be on the latter ultimately being closer.0 -
Just need a decent Santa Rally, 7500 possible!0
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Currently no less than ten Lifers would be 99%+ accurate if we closed it today. For once that group even includes our resident IFA. Clearly he has learnt from us to keep his natural exuberance in check
But there are still three weeks to go, and all kinds of big stuff going on. Right now I'd say those whose forecast sits to the south of current level have a better chance.
What day and time do we close, @Rob7Lee? 31st is a Friday, I see...0 -
Markets will close at 12:30 on 31st. Which gives us 12 full days and two half days after today's close.0
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Nanosynth up over 75% today on AIM after setting up a Joint Venture deal in respect of their filtration technology. The share has performed abysmally this year but maybe finally they will find a market for their products.
The venture is with VOLZ and for antiviral filters.0 -
Zynex taking a pasting today after Q1 forecasts came in way lower than analysts' expectations - down over 9% at the moment. Ouch!
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Bang goes our striker next month then....😄IdleHans said:Zynex taking a pasting today after Q1 forecasts came in way lower than analysts' expectations - down over 9% at the moment. Ouch!0
