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Reply to: I need to lose money on the stock market asap!

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Previously on "I need to lose money on the stock market asap!"

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  • woody1
    replied
    Originally posted by Spoiler View Post

    Well, seems HL JISA fees are rather competitive - no commission, and didn’t get charged stamp duty either on a trade (not sure why yet).
    Just bought/sold £3,000 of FEVR - overall i lost £3 …
    Just trade a penny stock with a big bid-ask spread.

    Leave a comment:

  • Spoiler
    replied
    Originally posted by woody1 View Post
    Just keep buying and selling the same share. Shouldn't take long for commissions + stamp duty to gobble up £600.
    Well, seems HL JISA fees are rather competitive - no commission, and didn’t get charged stamp duty either on a trade (not sure why yet).
    Just bought/sold £3,000 of FEVR - overall i lost £3 …

    Leave a comment:

  • woody1
    replied
    Originally posted by JustKeepSwimming View Post

    Looks like you can't.
    Not to worry. There are plenty of ways to lose money without using derivatives.

    Leave a comment:

  • Spoiler
    replied
    Did a few trades today - ended up about even.

    Must do better Monday to lose some £££

    Leave a comment:

  • Spoiler
    replied
    Originally posted by vetran View Post

    Legal Aid is means tested and your child's assets are included. The Junior ISA's holdings would be most of the allowance even though the parents can't touch them.
    This

    Leave a comment:

  • JustKeepSwimming
    replied
    Originally posted by woody1 View Post

    Can you do derivatives like options in an ISA?
    Looks like you can't.

    Leave a comment:

  • woody1
    replied
    Originally posted by JustKeepSwimming View Post
    Can't you just do an absurd out of the money call/put to expire today? Like Microsoft to double in price by COP.
    Can you do derivatives like options in an ISA?

    Leave a comment:

  • JustKeepSwimming
    replied
    Legal aid rules are a joke.

    I want the finer details!

    Can't you just do an absurd out of the money call/put to expire today? Like Microsoft to double in price by COP.

    Leave a comment:

  • vetran
    replied
    Originally posted by BlasterBates View Post
    Why do you need to lose money, wouldn't be cheaper to pay some extra tax?
    Legal Aid is means tested and your child's assets are included. The Junior ISA's holdings would be most of the allowance even though the parents can't touch them.

    https://www.gov.uk/guidance/civil-le...oss%20monthly% 20income,child%20and%20each%20further%20child.

    Joe Pesci says it best NSFW...


    Leave a comment:

  • BlasterBates
    replied
    Why do you need to lose money, wouldn't be cheaper to pay some extra tax?

    Leave a comment:

  • woody1
    replied
    Buy and then immediately sell a stock (eg. small cap, AIM) with a big bid-ask spread.

    Leave a comment:

  • BlasterBates
    replied
    You could buy some put options.

    Leave a comment:

  • courtg9000
    replied
    MGN buy quick and sell before close!

    Leave a comment:

  • woody1
    replied
    Just keep buying and selling the same share. Shouldn't take long for commissions + stamp duty to gobble up £600.

    Leave a comment:

  • jamesbrown
    replied
    Well, duh, ask scootie.

    Leave a comment:

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