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RichmondStacker

Member
  • Posts

    353
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  • Trading Feedback

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  • Country

    United Kingdom

Reputation Activity

  1. Like
    RichmondStacker got a reaction from MaxeBaumann in Today I Received.....   
    Received a 2.2oz silver ripple bar from @BackyardBullion Beautiful bar, I would love one of these two or three times the length.
    My Peter Rabbit silver 50p proof was finally replaced by the Royal Mint, just waiting for the Flopsy Bunny to be returned.
     


  2. Like
    RichmondStacker reacted to Roy in My first trade - Shell / BP   
    I've been offered 3 jobs this year in Africa in the oil industry, specifically exploration.
    The first is 3 months in Namibia, followed by Botswana and Zambia.
    It's not for me but there is still a lot of interest and companies are willing to invest in oil and gas extraction.
  3. Like
    RichmondStacker reacted to goluckystayhappy in My first trade - Shell / BP   
    I took an punt on oilers within an ISA a couple of months ago and they have behaved like a little AIM stock. (In a good way)
     


  4. Like
    RichmondStacker reacted to HighlandTiger in My first trade - Shell / BP   
    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) 
     
  5. Like
    RichmondStacker reacted to HerefordBullyun in My first trade - Shell / BP   
    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.
     
     
     
  6. Like
    RichmondStacker reacted to HighlandTiger in My first trade - Shell / BP   
    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.
  7. Like
    RichmondStacker reacted to HerefordBullyun in My first trade - Shell / BP   
    Completely agree mate as an ex soldier and been in warzones being on the receiving end of it. I have no interest in the military industrial complex especially when a majority of the conflicts were based on BS and a rich man's confidence trick.
  8. Like
    RichmondStacker got a reaction from Cornishfarmer in My first trade - Shell / BP   
    Arms stocks will get a boost when Biden takes over. Judging by his transition team a certain country will get their wars which Trump wouldn’t start. 
     
    Arms stocks are where I draw the line because if I’m doing well then villages in Yemen and Syria won’t be. 
  9. Like
    RichmondStacker got a reaction from KDave in My first trade - Shell / BP   
    Arms stocks will get a boost when Biden takes over. Judging by his transition team a certain country will get their wars which Trump wouldn’t start. 
     
    Arms stocks are where I draw the line because if I’m doing well then villages in Yemen and Syria won’t be. 
  10. Like
    RichmondStacker got a reaction from MickD in My first trade - Shell / BP   
    Arms stocks will get a boost when Biden takes over. Judging by his transition team a certain country will get their wars which Trump wouldn’t start. 
     
    Arms stocks are where I draw the line because if I’m doing well then villages in Yemen and Syria won’t be. 
  11. Like
    RichmondStacker got a reaction from HerefordBullyun in My first trade - Shell / BP   
    Arms stocks will get a boost when Biden takes over. Judging by his transition team a certain country will get their wars which Trump wouldn’t start. 
     
    Arms stocks are where I draw the line because if I’m doing well then villages in Yemen and Syria won’t be. 
  12. Like
    RichmondStacker reacted to HighlandTiger in My first trade - Shell / BP   
    Yep. We all do it with PM's and don't bat an eyelid. Why do you have to have a different mindset with shares. For me it's all about the long game. I'm not day trading.
    If I hold £1000 of stock for 5 years and for a period of time it falls 20%, so what, because if after 5 years it has risen to be worth £1500, I would have made the equivalent of around 10% per year. But I also during those 5 years I would have had 5 years of dividends as well. Which would bump up my overall return as well. 
     
  13. Like
    RichmondStacker reacted to KDave in My first trade - Shell / BP   
    We are arguing two different cases, there is a strong argument for deflation and carry on as before, nothing will change. I think there is a better argument for inflation and change. The trouble is which one do you think is coming as to which way you invest, those are opposite scenarios.
  14. Like
    RichmondStacker got a reaction from KDave in My first trade - Shell / BP   
    I reject your apology as there is nothing to apologise for.  I was wondering how this data can help us going forward.
  15. Like
    RichmondStacker got a reaction from Derv in My first trade - Shell / BP   
    I reject your apology as there is nothing to apologise for.  I was wondering how this data can help us going forward.
  16. Like
    RichmondStacker reacted to Derv in My first trade - Shell / BP   
    I don't think it was meant in the negative KDave , potentially I think, more how can we use this data to increase our holdings. Well that's my take on it. 
  17. Like
    RichmondStacker got a reaction from HerefordBullyun in My first trade - Shell / BP   
    We have all these graphs and wall of text but how can we make money from this going forward?
  18. Like
    RichmondStacker got a reaction from Kman in My first trade - Shell / BP   
    https://www.zerohedge.com/markets/pfizers-ceo-dumps-60-his-stock-covid-vaccine-announcement
  19. Like
    RichmondStacker reacted to KDave in My first trade - Shell / BP   
    Don't beat yourself up about shell, you are learning - you got your money back and will likely get an opportunity to get back in unless the fed steps in. It's a learning process that never stops, you are figuring it out. Know thyself and all that. 
    I think you bought shell for a quick win on the share price and then when it didn't happen wanted your money out and took the opportunity - trading mentality not investing in the company or oil, not really. You were investing in a share price. For an investor the past 3 days should be irrelevant imo, same applies to being in the red. It's the long term picture that you see that matters. 
    Edit - from experience the hardest part of all this is holding on through the gains. It's easy to sit on a loss by comparison. 
  20. Like
    RichmondStacker reacted to StackerCollector in High value trade & collectible items?   
    Whiskey
  21. Like
    RichmondStacker reacted to KDave in My first trade - Shell / BP   
    Your last comment is the right perspective, look long term. You bought them cheap, can they get cheaper - Yes. If you are not selling why do you care? If you are still buying why is it not "great shell is plummeting! Now I can buy more shares for less money"? 
    You should not care about the share price if the company has not changed. That was the red flag yesterday, now the bold highlighted today is another red flag, this focus on the share price suggests you are speculating on the shares and not investing in the company. 
    Has anything fundamentally changed about the company the reason for investing in Shell? 
  22. Like
    RichmondStacker reacted to Martlet in My first trade - Shell / BP   
    I dont think his age comes into it, just poorly informed views. Doesnt understand PE or real investor sentiment, completely disregarded value of dividends. 
  23. Like
    RichmondStacker reacted to KevjustKev in High value trade & collectible items?   
    If you  have the room guitars. Five of the nine hanging in my living room wall are worth more than I bought them for. The last one I flipped quickly cost £9, after I gave it a service and new strings (£5), sold it for £114, and it's not worth that amount. I've been doing it for 15-20 years, and I know what I need to look out for. A JV or SQ (very early made in Japan) Squier could well be up for £120-150, I know I can sell them for £400-600. 
     I did let a 1984 ES-335 go for £1200, bought it for £750. Now if I had kept til now £2250+ but hey
  24. Like
    RichmondStacker got a reaction from Ushao in Today I Received.....   
    Just some bullion this month for the stack, another 25oz and I’ll concentrate on gold for the rest of the year. Loving the 5oz bar from @MrScottsdale the only problem is I need to get the bigger sizes now. I got the 1/2oz coins and dragon bar to go in a prepping wallet I’ve put together in case the commies get in power. It contains some cash, silver, gold nuggets & bar as well as some bitcoin & litecoin paper wallets. My girlfriend was taking the mick but worst case scenario is they are savings.
     



  25. Like
    RichmondStacker reacted to Ranger2girls in Today I Received.....   
    I nice little vicky half sovereign came today 




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