To invest.. or not

[Lewis]

You don't have to declare you'll never be a director again, you're declaring the trade is ceasing. Clearly transferring an existing contract from one company to another, in which the shareholders and directors are the same, is not ceasing to trade.

Yep that is exactly the point I was making. I just thought your earlier comment saying "you" cease trading was a little ambiguous and could be misinterpreted as I'm leaving the world of IT or IT contracting or something like that. You simply state that the company is ceasing to trade. I don't think we are in disagreement, I was just trying to add a little clarity.

[richy]

Follow up, ltd co index tracker

Thanks for all the replies with info.

Entrepreneurial relief doesn't apply to my ltd co then. No worries.

I've got index tracker, and it already went up some points today. Soon as Greek debt 50% written off.. FTSE should bounce up enough to pull the cash back out.

Anyone taken out a ltd co index tracker? Just wondering on the setup, I looked before, and Hargreaves Landsown said it was just regular account, but in company name. ltd co would not put much in.. maybe 25% of cash warchest (put in while market still down, sold when ftse hits 6000 again)

Cheers rich

[SneakySimon]

FTSE

I spread bet on the FTSE - when you get it right, make lots. Get it wrong = ouch!!

FYI, the FTSE is on a bit of a rally right now but is expected to retrace back to 4900 and depending on the fall out of the Greece debt, then could go either way. Its one thing to remove greece but must remember many banks / companies will loose a lot of money if they default which will have a knock on effect.

[dx4100]

might be worth watching this before putting money on the market

BBC Speechless As Trader Tells Truth: "The Collapse Is Coming...And Goldman Rules The World" - YouTube

[SneakySimon]

Exactly - economy is up tulip creek - US falling over, Europe struggling and now the asian market struggling. The original recession was never decisavly dealt with and now it is coming back to haunt.

In my humble opinion is that this is the first truly global receession which will call for a global response. Not confident this will be accomplished.

[BlasterBates]

We've heard this before.....the collapse is coming! many many times over the last 5 years.

One thing to bear in mind economics, is not "real" it's not subject to the law of Physics. It is simply psychology. People give you cars, TV's and Carribeam holidays for bits of paper or even because you transfer some electronic digits from one computer to another; in other words it's simply about confidence.

Put simply.....while there are minerals in the ground, sheep and cows in the fields and people who can build things, you don't have to have a problem if you don't want one, you just need to make sure people have the confidence to keep "doing it"....that's it.

Of course our system of transferring electronic bits and (essentially) worthless paper sometimes ends up with people feeling less confident that their electronic bits and paper are safe, so people just stay at home and refuse to do anything (simply put). All you need to do is keep people moving.