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Hi Myro.
I am in the fortunate position of having retired early a few years ago.
I did so through saving into various pensions and ISAs, which have grown to a sum which I find comfortable enough to live on.
They are significant enough that they are now self-funding and I am able to adopt my annual allowance each year (ISA-wise at least, I no longer invest in pensions).
I only invest capital generated from these tax-free vehicles and all the profit/growth stays in them or is returned to them via my annual allowances.
Thus any profits are free from income tax and CGT.
If only I could find a [legitimate] way around v.a.t., IHT, and all the other stealth taxes we suffer in the U.K., I'd happily do it tomorrow.
:)
Isnt that a pain in the arse when it comes to HMRC?
5% profit for each trade,,yes thank you,,,i will watch and learn
I wouldn't say that it definitely won't see the kind of rise some are hoping for.
I've been there the last time and seen similar since, though not for a while now.
It's only my personal feeling on it.
I keep records of all my trades and look at patterns.
Nothing to say I'm any more correct than others.
If it's any help, just for now, I'm happy to have different kinds of holding in UKOG.
I have one that I have two pending sells on. One at 10p and one at £1.00.
I don't believe either will be achieved before they expire.
But, when they last achieved 10p, I only had a 5p sell on them.
It went up so quickly that the 10p price was achieved by default.
Not through any skill on my part.
The others I'm more than happy to get a quick sell on.
I look to try and buy and sell somehere within a 10% range.
I set advance instructions in case the SP spikes unexpectedly (this can happen at above the price I've set and faster than I can react), but I will also follow more closely if I think something's getting ready to move.
I may decide to pull the trigger and take a quicker trade.
If you're thinking of trading this share, you want its' volatility.
If you can fix that within a certain range, that's the trick, because you're almost able to predict its' prices.
I've done well doing that, but I've also come a cropper too.
I'm sitting on some shares I bought months ago at 1.9p.
But, as the price has fallen, I've been happy to keep buying.
The day it hit 0.8p a week or so ago, I bought at 0.86 (I probably would not have bought at 0.8p anyway, as that would've worried me).
I sold them two or three days later for 10%.
Bearing in mind an annual bank savings rate of around 1.5%, I'm more than happy to keep doing this.
If I were able to make 5% every week, that's the equivalent of a 260% bank rate.
I appreciate why some folks are wary of this kind of investing, because it's more closely associated with gambling.
But I've found some shares I'm comfortable doing it with (I've done something similar with Blue Prism over the same period and, less so, B.P. Plc).
Again not encouraging or criticising anyone else's investing style, just passing on for information from my own experience.
Hope something about it helps someone, somehow.
:)
Good luck to all for this week.
:)
Once again a thank you for a honest account and reply,,if you were to listen to a lot of posters on gere you would think 2-3p is just round the corner,,i suppose there are a lot of factors involved,,i think i would rather be in at the price i got than rather in a couple of weeks time,,but like you have comme ted it could be about the same price or there abouts in a months time
I don't wish to promote or demote the share, I'm interested in the SP going up and down or, just up.
A lot of contributors here seem to be hoping to see the peak of two years ago when it briefly hit 10p in a day.
(which would be nice for all of us, holding shares).
For the time-frame you're asking about though, I think we may see the SP relatively the same as it is now.
This is only my personal hunch and has no basis in fact or black-magic; I can see it still being at the low end of a 1 to 2p range.
I'd be happy to be proved wrong and the price to rocket.
As I've already stated elsewhere I can profit either way.
But I don't yet see a reason for any of the hysteria coming from this forum recently to indicate any different.
Otherwise the price would have been higher already with speculators piling in on the prospects being discussed.
It is also still possible that we're all being hoodwinked and there's nothing really there anyway (for which there has been plenty of precedent in the past).
In which case, I'll see you all at the food bank in the morning.
;)
I don't begrudge anyone elses positivity, or wish to curb it.
Some of it does vex me though and I am simply expressing my own feeling, whether that be right or wrong in the event.
2-3 months from now what will the SP be?,,and why,?