HighlandTiger

My TSF Xmas Draw pressie has arrived. 
Thanks to @A1dyn3

My TSF Xmas Draw pressie has arrived. 
Thanks to @A1dyn3

My TSF Xmas Draw pressie has arrived. 
Thanks to @A1dyn3

My TSF Xmas Draw pressie has arrived. 
Thanks to @A1dyn3

My TSF Xmas Draw pressie has arrived. 
Thanks to @A1dyn3

My TSF Xmas Draw pressie has arrived. 
Thanks to @A1dyn3

My TSF Xmas Draw pressie has arrived. 
Thanks to @A1dyn3

Received my Christmas gift/draw
Big thanks to @HighlandTigersuperb gift  and really great selection of world silver too 
 

Just stick in Uranium - young guy, good presenter, honest too. Its quite good as it goes into its makeup, whats its been used for & how little people have actually died from the meltdowns. 
Obviously Hiroshima was and exception, but a lot of it was fear mongering from the us government I think, like that they are doing now. 
He went to all the main sites and had a long term detector thing. At the end of the series he had only had as much radiation anyone normally gets in a year. 
It discusses how good it is in developing energy while almost being green (as its just water given off). The only problems I can see is the waste as it takes 100,000 years to degrade. Plus the publics perception of the risk, vs any potential meltdowns (which are super rare). There was also a girl on it who is developing a reactor that uses nuclear waste with sodium Fluride, she only looks about 20. The next generation are going to be all like Elon Musk is now I think in 30 years time. 

Cameco has shot up. I have been watching and the only opportunity was when the markets dropped, but everyone seems to have switched to energy & cheap value stocks now as the tech bubble collapse looms - that 30% drop in ten minutes must have spooked a lot of people as a lot of the 'loading up on tesla' brigade have moved to oil & and other value stuff now. just have to wait for them to react to the next piece of news I would say. Its good news for gold as thats now unpopular. I am not sure might wait and see what happens with stimulus, vaccines & trump. Could be a very good buying opportunity soon. Biden banning fracking would be good, but Janet Jellen is only a good thing for us atm. assuming they pivot out of energy. 
 

Just noticed that GCL.L has ongoing charges of over 4% per year. Bit pricey. Their biggest holding is Nexgen Energy (NXE) which has risen sharply recently and probably explains most of GCL's rise.

This may have nullified any usual price drop.
https://oilprice.com/Latest-Energy-News/World-News/Oil-Wells-On-Fire-After-Attack-On-Iraqi-Oilfield.html

I Dont have the patience or self control for individual stocks really, am saving into index tracker funds on Hargreaves Lansdown though.

It's all the silver forum members that are newly into share dealing. 😂

I have looked into having a SIPP. I already have a company pension, so I'm already benefiting  from "free money". And although I can have both, a company pension and a SIPP. I decided to currently go with a S&S ISA. I look at it this way. With a S&S ISA, you don't pay any tax on any profits, but with a SIPP although you get an extra 20% on the money you put in, you pay 20% 75% of your profits.
I think of it as similar to going into a bookies a few years back when you had to choose do I pay tax on the stake or on the winnings.
With a SIPP, if I put £10k into it, I immediately get an extra £1250, if I increase the pot 10 fold, that will be  £112,500. If I withdraw it I get 25% tax free  which is £28,125, leaving  £84,375 which is taxed, I cant take it out in one hit as I'll end up paying a higher tax rate. So I'd have to stagger it, but even at 20% tax that would mean a tax bill of  £16,875. So from my £112,500 pot, I will receive back £95,625.
With a S&S ISA, if I put in £10k, and if I increase the pot 10 fold, I get £100,000. I can take this out at any time, without any tax bill. 
The government, is either taxing your savings at source, (the S&S ISA, by not giving you tax relief), or taxing you on your "winnings" (the SIPP) 
 

I have looked into having a SIPP. I already have a company pension, so I'm already benefiting  from "free money". And although I can have both, a company pension and a SIPP. I decided to currently go with a S&S ISA. I look at it this way. With a S&S ISA, you don't pay any tax on any profits, but with a SIPP although you get an extra 20% on the money you put in, you pay 20% 75% of your profits.
I think of it as similar to going into a bookies a few years back when you had to choose do I pay tax on the stake or on the winnings.
With a SIPP, if I put £10k into it, I immediately get an extra £1250, if I increase the pot 10 fold, that will be  £112,500. If I withdraw it I get 25% tax free  which is £28,125, leaving  £84,375 which is taxed, I cant take it out in one hit as I'll end up paying a higher tax rate. So I'd have to stagger it, but even at 20% tax that would mean a tax bill of  £16,875. So from my £112,500 pot, I will receive back £95,625.
With a S&S ISA, if I put in £10k, and if I increase the pot 10 fold, I get £100,000. I can take this out at any time, without any tax bill. 
The government, is either taxing your savings at source, (the S&S ISA, by not giving you tax relief), or taxing you on your "winnings" (the SIPP) 
 

Don't you guys find it interesting the S&P500 got to record highs on the first volume highlighted, then this massive volume since September has only gotten it a few % higher
Who is selling and who is buying

I hope I'm right in saying it's you can put up to £20k into the isa p/a but you  don't pay any tax on money made
 
 

I have looked into having a SIPP. I already have a company pension, so I'm already benefiting  from "free money". And although I can have both, a company pension and a SIPP. I decided to currently go with a S&S ISA. I look at it this way. With a S&S ISA, you don't pay any tax on any profits, but with a SIPP although you get an extra 20% on the money you put in, you pay 20% 75% of your profits.
I think of it as similar to going into a bookies a few years back when you had to choose do I pay tax on the stake or on the winnings.
With a SIPP, if I put £10k into it, I immediately get an extra £1250, if I increase the pot 10 fold, that will be  £112,500. If I withdraw it I get 25% tax free  which is £28,125, leaving  £84,375 which is taxed, I cant take it out in one hit as I'll end up paying a higher tax rate. So I'd have to stagger it, but even at 20% tax that would mean a tax bill of  £16,875. So from my £112,500 pot, I will receive back £95,625.
With a S&S ISA, if I put in £10k, and if I increase the pot 10 fold, I get £100,000. I can take this out at any time, without any tax bill. 
The government, is either taxing your savings at source, (the S&S ISA, by not giving you tax relief), or taxing you on your "winnings" (the SIPP) 
 

I have looked into having a SIPP. I already have a company pension, so I'm already benefiting  from "free money". And although I can have both, a company pension and a SIPP. I decided to currently go with a S&S ISA. I look at it this way. With a S&S ISA, you don't pay any tax on any profits, but with a SIPP although you get an extra 20% on the money you put in, you pay 20% 75% of your profits.
I think of it as similar to going into a bookies a few years back when you had to choose do I pay tax on the stake or on the winnings.
With a SIPP, if I put £10k into it, I immediately get an extra £1250, if I increase the pot 10 fold, that will be  £112,500. If I withdraw it I get 25% tax free  which is £28,125, leaving  £84,375 which is taxed, I cant take it out in one hit as I'll end up paying a higher tax rate. So I'd have to stagger it, but even at 20% tax that would mean a tax bill of  £16,875. So from my £112,500 pot, I will receive back £95,625.
With a S&S ISA, if I put in £10k, and if I increase the pot 10 fold, I get £100,000. I can take this out at any time, without any tax bill. 
The government, is either taxing your savings at source, (the S&S ISA, by not giving you tax relief), or taxing you on your "winnings" (the SIPP) 
 

Hi HT
Some advice if it’s not been considered already? 
Put your savings into a SIPP instead of a dealing account or ISA. Benefits are, you get 25% automatically added to your account as tax relief. 40% if a higher earner. I look on this as my margin for error. You can also just sit this money as cash with no cost until the right opportunity comes along. Or just hold acertain % as cash as part of your asset allocation. 
Ypu can access SIPP from age 55 and take 25% tax free. You can drawdown or take an annuity if worthwhile or a combination of all.
Ive not been saving in SIPP for long but it soon adds up. Also, you take the longer term view and make more considered investments. I like the fact it’s locked in until a set year although I hope to “crystallise “ it a few years later than the earliest opportunity. 
Put a reasonable amount into bonds a and tracker funds with very low dealing and ongoing costs. Moneyvator website is excellent in this regard https://monevator.com/category/investing/passive-investing-investing/

I get your post. But and remember this buffet has 100s of marketing analysts working for him.
We are on our own. There are players on the market that will spoof and swindle you. Short selling is part of that. Over inflate a market purposely to sell you off in a long term loss. A classic example is the film the big short by selling a load of bs to another bank and then betting big on that short on the rubbish they sold them. Every sector has it. If you haven't watched the big short it's a must watch for someone whose trading as it was part and parcel of the final crash of 2008.

Freetrade is also offering a SIPP soon @HighlandTiger✔️

What he says
My point was that we now have opportunities, to make our savings work for us, that just didn't exist 20 or 30 years ago. I had so much spare cash in my 20's and 30's, I wasted it on drink, (I'd go into town by taxi, on a Friday with a couple of hundred quid in my back pocket, and wake up in the morning with a handful of shrapnel), fruit machines, and buying collectibles, (trading cards, signed memorabilia etc), I just frittered it away, because i didn't see the point of it sitting in a bank for just 4 % interest, (yeah, I know, we'd bite the hands off for that now), so I spent it as soon as I got it.
If I'd been pointed in the direction of share dealing apps, and the ability to buy PM's online then, I would easily be a millionaire by now.  I was earning more money 20 years ago than I am today, and gold prices then would have meant I could have bought Sovs, (ideal for a collecting addict like me) for under £50. But I had no idea they were a thing, or a way of making money. The info just wasn't out there. 
Kids today have no excuse in preparing for the future, It's all there in front of them, they just need to take the opportunities as they come along with both hands.

Ive read the comments above. One thing I've learned and I'm a rookie. Is be grounded. Be prepared to take a risk but do it with balance. Emotional trading will kill you. I've caught falling knives from doing it.
Research is key. And that underpins the trade you excute. I only have minimal Holdings in a portfolio. If you have multiple holdings then you can't track them. Why? Because I target them specific. You have to go granular.
Being all over the place in all different sectors is crazy. You are a jack of all trades master of none. I am staying with metal miners. When I pull out of that. I will look at green energy. 
I spent 23 years in the military and one thing I learned is have a plan and make sure it's viable and realistic.  Again this underpins your trade.
But don't be afraid to cut your losses and exploit. 
Trading takes focus. 
I work in the corporate world now.
They have designated traders in one sector, that's for a reason.  If you are looking at multiple markets you are taking your eye off the opportunity.
If you stay in lane you will be good.
Going mad on multiple sectors is bonkers.
The quickest thing I've learned also is patience over emotions.
Lastly have a strategy and plan and stick to it - discipline is key with patience.
Edited to add look at simply wall st as they have analysts that give that granular view.
 
 
 

That's why I have the Warren Buffet quote on the top of my excel sheet, that logs my share dealings.
 "Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1."
I will not try and chase my losses, (as an ex-bookie, I've  seen how that works out for people), I will hold until I can either make a profit, or the company goes bust. I aim to hold all shares for around 8-10 years minimum. I'm not interested in day trading. My heart couldn't take the stress. 
My aim is to invest £500-£800 a month, and hopefully, along with my medium sized pension pots, I should conservatively get to at least £300k in total by the time I retire in 8 years time. Although if I keep up my current monthly % increase of  3.69%, (I know this won't happen, but I can dream  ), my freetrade account on its own will have nearly £500k in it by the end of the 8 year period. (Although not sure how S&S Isas, cope with having that sort of money in it, especially with the FCA only protecting £85k). But it would be a nice problem to have though.