stock market crash

[scooterscot]

He does seem to be getting desperate though - sure hope he cashes his Centrica out soon and doesn't get too greedy

Up almost 60%


How's your 24% FTSE 100 index return doing?

[Whorty]

Up almost 60%


How's your 24% FTSE 100 index return doing?

Doing well thanks. In for the long term so I'll take that Net gain, in an ISA wrapper, of over £20k so what's not to like?

[scooterscot]

Doing well thanks. In for the long term so I'll take that Net gain, in an ISA wrapper, of over £20k so what's not to like?

Ask yourself this question - am I happy with the value of my investment today being of the same value by 2030?

If yes - fill your boots.

If no - well don't say I din't warn you.

[DealorNoDeal]

I actually share scoot's sentiment about the stock market. Fine if you're a trader, but there's no way I'd buy & hold US stocks.

The UK stock market does not seem over-extended but, if the US tanks, it will drag stock markets everywhere down with it.

My plan is to ride the gold bull run for as long as it lasts. When the gold bull ends, that might be time to switch back into stocks.

[Whorty]

Ask yourself this question - am I happy with the value of my investment today being of the same value by 2030?

If yes - fill your boots.

If no - well don't say I din't warn you.

You forget, these are just a part of my savings. Unlike you I'm not looking for high risk assets from which to earn an income. So long as they beat inflation then I'm in the black; anything else on top is gravy.

So no, if they are the same in 2030 as today they won't have kept in line with inflation and my 'cash' value would have eroded, however in all the time I have held funds I have always received good growth.

I can also sleep at night knowing I can earn well in excess of £100k a year, risk free, just by selling my skills. And that is in low pressure roles. I could earn more if I'm willing to have an early stroke

[scooterscot]

50% in just a little over 3 months - take that AMD.

[TheGreenBastard]

50% in just a little over 3 months - take that AMD.

AMD is up 80% from the covid collapse.

[mrdonuts]

there she blows

[Whorty]

50% in just a little over 3 months - take that AMD.

But, and i don't want to p1ss on your parade, based on your original stake of c.10k, this is only 5k 'income'. Less than half of what most contractors on here earn each month. Great as a side line like Ziggy is doing in his hobby, but as a main income you need to earn twice this, each month, to match a typical UK IT contractor.

So yes, a nice profit as a side line, but nowhere near enough as a main income (and still £15k less than I have made in that same period via my ISA )

[AtW]

Scootie clearly lacks sufficient capital to make it (get good regular income from trading) work in theory and brains to make it work in practice.

Also, if I am not mistaken - in the UK once one starts getting regular "income" from trading then it gets taxed as income rather than Capital Gains.

Naturally not a problem for Scootie since he lives in Germany where everything (according to him) is tax free.