Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
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Fromage,
The energy it consumes is what makes it unhackable. Energy is the security budget.
Bitcoin miners also seek out stranded energy as it's the cheapest kind. It doesn't compete with household energy users.
https://www.coindesk.com/layer2/2022/08/23/the-more-energy-bitcoin-uses-the-better/
BouncyDeadCat - there is not the slightest chance that I would EVER consider investing in what is basically a mathematical solution to a nonsensical mathematical question that has somehow captured the imagination of some (gullible) persons claiming to be investors.
I do not gamble, instead I try and discover as much as I can about the proposed business in which I wish to invest. This starts by looking at the historic accounts,, then the managers records and finally the potential reward for me.
Many mistakes have been made by me with such strategy, but my long term track record is over 13% compound growth over the last 44 years. Currently my portfolio is up 10.75% this year and is on track for over 18% growth.
If you are interested in my strategy, there will come a point when I will create and make a substantial distribution into a Family Investment Company which will be an unlimited company. The trigger point will be once portfolio exceeds £5m and more probably £6m as the setting up costs are huge, require a team of specialist lawyers and accountants to write the articles of association. I have had initial meetings with accountants to discuss this, but as IHT is (again) subject for revision, a decision is not there for the taking for me and my circumstance.
Bouncy: it takes courage to invest in emperors' clothes when the huge numbers or save-the-world zealots who have invested finally connect the two halves of their brains. Anything based on burning as much energy as possible as rapidly as possible will not last.
Alas_Smith,
Maybe consider allocating 3-5% to Bitcoin and distribute the private key amongst family members under a multi-signature set up. No fees and it can all be done without wills, trusts, probates etc and just kept within the family.
It's also a type of wealth that can be taken anywhere in the world without seeking permission from any central authority, bank or institution. Easy to set up too.
Bitcoin is a volatile asset, but the increase in value over the last 14 years (since its inception) has been up. Best performing asset over the last decade & the next evolution of the internet. Surely worth a 2% allocation.
Rio Tinto, the biggest iron ore miner, and China Baowu, the top steel producer, have agreed to jointly explore green steel projects:
https://twitter.com/climate/status/1668154545296273409
An interesting article published today. Subtle changes in execution of strategy
"#China's most-traded #IronOre futures contract in Dalian gained 3.4% to 812 yuan/tonne on Fri, rising for 8th straight trading day and bringing gains since May 25 to over 16%":
https://twitter.com/YuanTalks/status/1667146755346173953
I am in the process of setting up a SIPP (for me) and a Junior SIPP for each of my two kids (both still in primary school). So, for me this has been interesting reading - thanks Alas_Smith and Fromage
At the risk of boring others, probably the most important thing you can do is make sure that you have created Wills. You might wish to consider creating Power of Attorney for both heath and wealth aspects. These are triggered when capacity for decision making is impaired. You might wish to have a living will in place to help others in their decisions that might be necessary when using their power of attorney.
There is no liability to IHT on 1st death provided estate goes to surviving spouse. Gifts exceeding £3,000 in a tax year except as provided by the surplus income rule are potentially exempt transfers (PET) and fall under the 7 year rule. (There is a 14 year rule too, but we will pass on that). Keep accurate notes of date and amounts. Any unused exemption on 1st death can be applied in the proportion for executors after 2nd death. Gifts to trusts fall into the category of PET but as settlors, while alive, we have limited discretionary control with any distribution that a trust might make. (Important if there is a disastrous business venture or marriage where the trust has loaned capital for house purchase - trust can call it in and does not form part of the assets that it was loaned to)
Alas, your situation is much more complex than mine. We are retired, but previously maxed the SIPP and it is not being drawn down, and that together with anticipated care charges should minimise or avoid IHT. I was thinking of transitioning volatile shares into funds or investment trusts if a SIPP transfers intact on death (as opposed to a cash value), or before I lose too many marbles.
Fromage, bonjour. For others this is off topic and I extend apologies. Succession planning began in 2014 when I realised that our estate had triggered the threshold for IHT and yet neither I nor my wife had inherited anything. Arrangements were made in advance of such event with the creation of a Discretionary Trust. This became effective in 2015 and is subject to taxation at 6% every 10 years. Discretionary Trusts have tax free allowance on death of £325k if broken.
A 2nd, 3rd and 4th Trust will be created,but between all trusts a maximum of £325,000 can be settled every 7 years. They are expensive to setup but from the capital invested, so they can be managed on a discretionary basis.
We have structured our portfolio, well our stockbroker has, so that most of our investments are sheltered in ISA wrapper with a mixture of UK, US, Asian, European and equities and Investment Trusts quoted on various exchanges around the world. Some are potentially exempt holdings (AIM for instance), but the strand we have not considered is using a SIPP wrapper. So, the direction that we are taking (and this is not investment advice or necessarily appropriate for anyone else) is to sell our houses and buy a farm - that should take valuation for land out of our estate in 2 years, though probably not the house element - move assets now that I have been the recipient of legacy left to me following surviving parent death last year into trusts for those to fall outside our estate in 7 years and build up SIPP holdings.
Equities in SIPPs are, for the most part shares in Investment trusts. Surplus income thrown off in our ISA accounts is gifted to children directly and replaced with cash from our dealing account. As we only began funding our SIPPs 2 years ago, neither has reached the minimum level (£200,000) for our broker to manage on a discretionary basis. Investment trusts need very little maintenance and expose wealth to focussed sectors, strategies or geographies. In that sense it is balanced.
With exception of my regular monthly deposit into SIPP account, just 16 bargains have been executed this year in my portfolio and all as a consequence of the receipt of legacy, 11 in general account, 4 in ISA account (2 from last years allowance and 2 in this) and 1 with cash settled into the 1st trust.
Phew - sorry to bore everyone.
Iron ore price extends gains on China stimulus bets:
https://twitter.com/mining/status/1665801698542010369
Alas : "My focus is in building SIPP for succession planning"
Do you mean making it a "balanced" portfolio so that it can be inherited by someone who knows nothing about shares and left alone, or what? That will sometime be a concern of mine: having 80% in mining shares may not be a sound strategy.
Isn't it amazing that despite all the gobbledegook which can regularly be read on these forums, every so often the "market" realises that some share prices have become illogically cheap and up they go again.
Technical chart , large rise today, on low volume, which broke the down trendline . There were positive divergence on the macd, and RSI, indicators before the rise. Price has retraced a significant amount of the initial rise, coming within the Bollinger band 2 standard deviation price level. The low volume price break, is suspect, and there may well be retracement , to the trendline break at approximately 5000.
How can it not have av future?
Anyway, I bought some today. So that's bad for everyone else invested here.
The backward simpleton investor in me feels yes, but the future facing idiot is not quite so certain. Yes, things need to be built, population will expand and technology will evolve. But so will our realisation that we must reuse the elements of worn out things that can be reused. Old circuit boards have metals (and a lot of plastic) that should be recovered and reused.
Miners, well, the canny ones will probably grow by the evolution into recycling. Sure, it is dangerous, but different danger from say collapse or seismology. Material is already pretty well refined but just needs to be converted to ingots. And although high capital cost, once up and running has high margin.
New material will always be neded to bring the purity levels to consistent grade and crushed and powdered scrap is good for aggregates, bindings and fillings.
With the share price having run out of steam, I have been taking the opportunity to drip a few more shares into a portfolio. My focus is in building SIPP for succession planning
Https://polaris.brighterir.com/public/greatland_gold/news/rns/story/r77q27r
Greatland Gold farm in to Rio Paterson South licenses
Moving up well today ,also bsfa money moving in there after US listing .Want to see rio continue to move up .
Copper (-1%) & IRON ORE (-3% ) down overnight is reason for drop.
Worth a look currently new company just listed looking to acquire a big lithium project. Little to no eyes on it at the moment worth an entry.
Sp doing well today
Over the last 5months Iron Ore has gone from $80 a TON, to $130 in Feb to $106 today. The so called China reopening news doesn’t seem to be going the way analysts are expecting this year, hopefully turnaround will materialise next year.
I also read on another matter about European Gas Futures by Goldman Sachs.
I take this with pinch of salt.
Gas futures for delivery in November could well triple from current price €35.
Theory is based on lower prices occurring now to that of December 2022, people will be starting to use more, thus driving up prices, on top of storage of LNG being severely limited.
Hope there so wrong
Nice to see back over 50 bucks
CNBC - NEOM
Saudi Arabia is building a futuristic City in the middle of a vast desert— from scratch:
https://twitter.com/CNBC/status/1655711677604560902
NEOM is the largest construction project in history and has the highest Iron Ore consumption in the world:
https://saudigazette.com.sa/article/625034