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kaz playing catch up.
I have several Isa but I dont use these to trade with I just have companies that pay about 6 or 7% dividends and leave them to grow that way
Like you I dont want to be looking at a screen all day and trading so it's more of a hobby for me that's makes a few pounds
Be intriguing what next week brings ,up towards 600 area.
I think that's a good idea. try and use ISA to maximise your gains that way you don't have to worry about 12k limit of capital gains.
its worked well for me as I have accumulated many years of stock isa and a large portion of capital gains luckily has been through isa.
hash
I am lucky to have retired early having been in the police force for 30 yrs I have a pension I can live on as I live alone and then supplement it with a bit of trading normally during the winter months
I dont want to be bothered with tax etc so keep it around the £12.000 capital gain allowance
I have a pot of cash I use for trading and if I make the wrong call I just leave it and wait for it to pick up again rather than sell and avoid big losses
markets saying that Friday trade war announcement ,is already priced in.as said Christmas is normally kind to stock market.see what early new year results bring .and sit tight.
Autonomy1
I could not agree more specially on becoming a day trader from a long term investor. ...just did a comprehensive analysis of my trades and realised my trades in last 12 months have been very very high across all my accounts . on the down side I have realised the my core work has really suffered as I am spending too much time tracking prices/ trading. On the positive side I have made more money from kaz then my last year business earnings (all from day trading ) . Kaz price is same today as it was in December 2018 and my holding is pretty much same. so all the profits are down to day trading.
But I guess thats not sustainable as I cant be a day trader and run my business as both require quality time. So for me in 2020 resolution is go back and focus on my work and forget kaz for a while . its too complicated!!!!
I agree kaz debt equity ratio is too high almost 1.9 and it will be higher if they decide to get the Russian project going . however I guess they will be able to raise more equity given that there is a demand for copper assets and the quality fo assets they hold is very good. ...also as worldwide interest rates have gone down and are likely to remain lower in the short run the cost of debt will possibly reduce this year for kaz and will not be a worry in the short term.
I have to say I was tempted to become a day trader but if I guess that's not a good idea if you are doing it with your own money, good to be a day trader if its some one else's money ( I mean you have to have a sizeable portfolio a few millions £).
So if anyone out there reading this looking for a trader with a proven record of generating significant returns consistently ...do get in touch.......hahaha ! I might be tempted to quit my consulting business and become a full time trader..
Freeport has a market cap of 18bn and First Quant about 9bn I think a bit out of our league
As you know the mining index is so volatile with Kaz and Anto falling from highs to finish pennies up, it's a day traders dream and I am afraid that I have now become one of these with no allegiance to Kaz anymore for this reason.The board have made the decision to have loads of debt which could turn ugly at anytime.Dont forget all the companies we see in the headlines are shares with loads of debt
Come Monday who knows but with a careful eye and when you have little to do at this time of year but to look at the movements it could pay for your Christmas
Perhaps I am sad but i do love Christmas,the Santa rally and the new year results with big swings and making a bit as well pays for my summer holidays
an interesting article on copper and kaz...
https://www.ii.co.uk/analysis-commentary/commodities-outlook-kaz-minerals-rio-tinto-copper-analysis-ii509956
interesting mention is on M&A activity in the sector, US-listed Freeport McMoRan is the subject of a takeover bid by Barrick Gold. Chinese firm Jiangxi Copper have apparently been looking at Canada's First Quantum after taking an 18% stake earlier in the week. All of this had led to lots of bullishness in the sector.
it how's it comes out of the Trump mouth.it a lot of cowboy talk .effects the market.the markets like death and glory talk.more positive talk kaz be up 6% ,ready for Monday roll.
A day for making money I hope you all did
Yes. Bloody annoying.
I think it's one of those where you just scratch your head and look at the fundamentals, which are very good.
Not sure what to make of it Copper has turned negative for the 3rd time today and Copper stocks quickly loosing momentum
“We have agreed to a very large Phase One Deal with China. They have agreed to many structural changes and massive purchases of Agricultural Product, Energy, and Manufactured Goods, plus much more. The 25% Tariffs will remain as is, with 7 1/2% put on much of the remainder....
The Penalty Tariffs set for December 15th will not be charged because of the fact that we made the deal. We will begin negotiations on the Phase Two Deal immediately, rather than waiting until after the 2020 Election. This is an amazing deal for all. Thank you!”
What a rollercoaster of a day, never for the faint hearted. China and USA have agreed to some kind of deal, that no one is sure about.
https://www.cnbc.com/2019/12/13/china-says-it-has-agreed-to-us-trade-deal-text-indicates-next-step-is-signing.html
https://www.cnbc.com/2019/12/13/china-says-it-has-agreed-to-us-trade-deal-text-indicates-next-step-is-signing.html
Trump in tweet has confirmed no Tarrifs on the 15 of Decembe!