rider Posted December 21, 2022 Share Posted December 21, 2022 52 minutes ago, Noz said: £20k in cash. Where should I put it? I've been buying majorly into gold and rear earth metal mining stocks and tobacco. Also been buying physical gold. Heading into a recession pundits always rate food, essential household products, phrama and utility stocks as the best insulated grouping to ride out a storm. All tech stock, that includes the likes of Tesla continue to take a beating. Other than that, 2 billet 2JZ blocks could work. Though who would risk running one of those up to 1000hp? If I was throwing £20k of my own money into an investment I'd go for a stock ISA if I didn't have one already; seeing its a £20k limit on that class of investment. Hargreaves Lansdown are the best online investment research portal I've used and I've used quite a few. You can fill your boots with funds, ISA's or equities there to your hearts content. But the Stock or Cash ISA is the most tax efficient means to invest that specific amount of money. Only bettered potentially by a private pension contribution where the government will add tax relief to the lump sum, it'd be locked up until you are 55 though and could be eligible for tax when drawn upon. It all comes down to what are the goals, short term, long term, growth, security etc. etc. Quote Link to comment Share on other sites More sharing options...
Noz Posted December 21, 2022 Share Posted December 21, 2022 55 minutes ago, rider said: I've been buying majorly into gold and rear earth metal mining stocks and tobacco. Also been buying physical gold. Heading into a recession pundits always rate food, essential household products, phrama and utility stocks as the best insulated grouping to ride out a storm. All tech stock, that includes the likes of Tesla continue to take a beating. Other than that, 2 billet 2JZ blocks could work. Though who would risk running one of those up to 1000hp? If I was throwing £20k of my own money into an investment I'd go for a stock ISA if I didn't have one already; seeing its a £20k limit on that class of investment. Hargreaves Lansdown are the best online investment research portal I've used and I've used quite a few. You can fill your boots with funds, ISA's or equities there to your hearts content. But the Stock or Cash ISA is the most tax efficient means to invest that specific amount of money. Only bettered potentially by a private pension contribution where the government will add tax relief to the lump sum, it'd be locked up until you are 55 though and could be eligible for tax when drawn upon. It all comes down to what are the goals, short term, long term, growth, security etc. etc. ISA too slow. Don't need security. Have a well paid job now. Too young to worry about risk, but don't want to be foolish of course. 1 year ideally. Want to buy a new house early 2024. Quote Link to comment Share on other sites More sharing options...
rider Posted December 21, 2022 Share Posted December 21, 2022 44 minutes ago, Noz said: 1 year ideally. Want to buy a new house early 2024. 1 year isn't really an investment term, it more a holding period with the property purchase being the actual investment. I'd go for a savings account (locked in for one year bonds attracting 4%) to ensure your money is still there in a years time. Anything else would be just a punt over a short time period, which may as well then go towards BTC. There is nothing else that you can reliably forecast today will yield more than 4%. Quote Link to comment Share on other sites More sharing options...
Noz Posted December 21, 2022 Share Posted December 21, 2022 Yup. Short term punt was the idea really. Quote Link to comment Share on other sites More sharing options...
tayr Posted December 22, 2022 Share Posted December 22, 2022 (edited) 14 hours ago, Noz said: Yup. Short term punt was the idea really. casino then tbh, or buy and sell some bits Edited December 22, 2022 by tayr (see edit history) Quote Link to comment Share on other sites More sharing options...
Noz Posted December 22, 2022 Share Posted December 22, 2022 6 minutes ago, tayr said: casino then tbh, or buy and sell some bits Let's do it 1 Quote Link to comment Share on other sites More sharing options...
Marty Posted January 20 Share Posted January 20 (edited) On 8/11/2022 at 1:51 PM, Marty said: Still eyeing EOY for final capitulation, whether that is a equal low, higher low, or more towards $12kish, who knows, we'll have to just see how things pan out. Been a while since i've updated my thoughts. End of year was interesting to say the least, all the big players rekt, ftx a complete shitshow - i hope no one lost money on there, i honestly didn't see that one coming. Made for a good capitulation event though, and well, it lined up perfectly with the 4 year cycle low being at the end of the year, funny how that works hey. Good call by Rider early Nov saying btc was looking like a good buy Personally, i think the bottom is in, for this year at least, and we have a nice bit of deviation in price action on the chart to work with like we did at the previous cycle low,(red box) we shouldn't see prices below $18.1 again, easy stop loss. I didn't catch the bottom, my average is ~$16.5k, i got stopped out the previous trade at $22k. Have my new stops at 18 and we'll just see how they go. Added ghost bars to the chart for an idea of what the price action may look like - it's a copy paste of 2019, but who knows, halving is mid 24, 6 figure BTC 9months later if cycle repeats like it has the previous few times. But maybe it's all going to zero this time and this is a bull trap. It will one day I like to use the Cm ultimate moving average indicator on higher time frame charts, if it's green and price action is above it, hodl. Not financial advice and risk only what you can afford to lose https://www.tradingview.com/x/qvv4XBCc/ Edited January 20 by Marty (see edit history) 1 Quote Link to comment Share on other sites More sharing options...
Dnk Posted January 27 Share Posted January 27 Tesla up 58% since the 6th Jan Quote Link to comment Share on other sites More sharing options...
rider Posted January 27 Share Posted January 27 There is apparently a lot of pumping going on in tech equities so that rich people can get a whole lot richer on very short term investments. The boom is reported to likely turn into an as fast bust as these really rich people take their I've just got a whole lot richer profits leaving the smucks (the poor people) that ride the top of the waves picking up the tab. Quote Link to comment Share on other sites More sharing options...
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