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Is it possible to win investing in an index that has barely risen since 1999?
Is anyone on these boards who has been trading for a few years or more actually in profit?
I can list 50 or more companies of the ftse100 that have been smashed down to multi year lows
Lloyds for example, the market makers didn’t smash it down yesterday but are doing so today, even though buys outnumber sells.
One share after another marked down to derisory valuations to ensure retail investors lose.
There has not been a worse investment than ftse100 shares over the past two decades. It is a permabear market.
I would genuinely like to hear from a single person on these boards who is actually in profit trading uk shares because I believe just about everyone who is involved in uk markets has incurred hefty losses. And just which shares have they traded because from my experience however little you pay for them the market makers mark them down ever and ever lower.
The ftse 100 is an engine of wealth destruction. It redistributes wealth from the people to financial institutions.
Toff
And its been that way since the financial crisis . Half the problem is that people no longer trust the stock market - they have lost faith . Why invest in a dodgy stock market when you can invest in property - so much safer even when it goes down it comes back - the same cannot be said for shares...Look at Lloyds
The stock market has become a racket .
ToffAppleton1
Yes I am.
Are you just looking at share prices without taking into account Dividends. Ive put full payments into an ISA every year since 2012, £128k, now worth £200k. I admit that is not amazing but the compounding affect is only just starting to get going now the numbers are getting bigger, £15k in Dividends gone in this tax year 2019/20. The ISA allowance is currently £20k but remember back in 2012 we could on put in £11280, 2013 - £11520, 2014 - £15000, 2015 - £15249, so in the first 4 years I was only able to invest £53040 in my ISA.
I have to agree wit many of the comments on here. The FTSE 100 has barely risen since 1999 and Lloyds has fallen for the last five years despite making enormous profits. Seems its very much a short term game these days - let ir rise 2-3%, sell, rinse, repeat. However in the US, it seems that bank share prices have risen enormously. I own a lot of AIB shares - the economy has grown substantially in the last few years, profits sagged a little, but last year it made over £1.25 billion (pre-tax). The stock market now values the entire company at £5.98 billion. It's on little more than 4 times earnings.... I've never seen such low values. The bank was valued at £20 billion a few years ago when the economy was on rocky grounds...
Damper
LOL,
That is a very negative way of looking at share dealing. Maybe it is not for you.
On a postive note you don't pay any income tax, dividend tax or capital gains tax on an ISA. Think about the Share ISA millionaries, no Tax to pay on Dividends and nothing to pay on capital gains. At any time they can tax the whole lot out without taxes unlike a pension.
Damper
I have 2 accounts, my ISA which is for long term and my normal account which is for trading. I will continue to invest the full allowance into my ISA for many more years and reinvest all dividends. In my normal account i take profits when i can. I don't buy any shares that don't pay dividends. I have in the past been locked into a share at a loss with no dividends to look forward to, I don't do it now. My accounts are with HSBC, the best share account by far. Nothing else comes close.
Indeed .... my game now is to take money out of the SIPP to avoid exceeding the LTA and stuff it into ISA .... to keep avoiding tax.
Damper
in 1987 you were only allowed to put £2400 into a PEP, we are now allowed to put £20,000 in to the share ISA. If this allowance continues it is not difficult to get a worthwile amount together that is free from any taxes
johnson36 but interest rate in the eighties an nineties was excellent so you money earned you a dissent return in the bank. what do you get now nothing and you are right to put your money in to share ISA , you my make some money you never know.
Toff
It's about buying low and selling high. For many this is hard to do, as fear stops them buying on lows and greed stops them selling on highs.
volcano
It would be hard to fail over the longterm sticking with mainsteam shares. I don't touch AIM within my ISA, everything in my ISA earns a dividend. £15k divis for 2019/20, all reinvested of course along with another £20k allowance. I predict I will get at least £24k dividends in 2024, these would all be reinvested with the years allowance also. I have 10 different shares in ISA so it is not a case of all my eggs in 1 basket, when some SP's go down others go up and in the meantime they all pay dividends.
longtimeinvestor
Exactly. Look how many people sold Builders at the lows last year (not me I was buying). Now all the builders have risen considerably all the buy ratings are coming in. I think to many Pi's buy at near the top and sell somewhere near the bottom.
J36
Yes. I bought Berkeley in October 2016, and have sold half on the way up giving an average price of £7 on the remaining, which I will not sell. As you can imagine based on that price they are returning a high percentage of cash to me with dividends and the special returns coming up.
J46
Good to see you use HSBC. I am a shareholder and worked there for many years.
longtimeinvestor
It is a wonerfull bank and the share platform is great. I like the idea that I log into my bank account and my investments and cash accounts are all right there on one log in.
The thing that HSBC investdirect has that other share accounts dont have is the trading reserve which I think is great. 0.55% per month on money borrowed against your existing shares works great. I don't think Hargreaves Landsdown offers that.
On the odd occasion that i have had to telephone them from Thailand on a Thai local sim they have offered to call me straight back to save me cost. Also no monthly banking charges with Premier account.
Can anyone tell me why the NAV per share has dropped from 53 pence per share to 50 pence per share in the latest accounts. If these banks are making money as they say they do, and the number of share are held constant, why is NAV going down? Is it to do with a reduction in the value of their assets? An increase in liabilities? I'd just like to know...
nuri123a
I think you answered your own Question.
I think it was 57p a year or 2 back.
That is the EU . George Orwells pigs are fighting amongst themselves . Some pigs are more equal than others judging by their leaders .
"EU leaders were facing budget chaos today at a bruising first summit since Brexit as four wealthy nations refused to fill the gap left by Britain's departure.
The 27 leaders reached a stalemate after arguing into the early hours in Brussels, with talks on the trillion-euro budget resuming for a second day today.
The UK's departure has left the bloc with a €75billion (£63billion) hole in its finances and the budget battle has exposed bitter divisions between EU members.
Germany wants to spend more on climate change while France is seeking more money for a joint defence, with poorer nations determined to keep their generous EU payouts.
But the so-called 'frugal four' of Austria, the Netherlands, Denmark and Sweden are unwilling to pay more to plug the gap.
Dutch prime minister Mark Rutte, who came prepared for a long-haul summit by carrying a biography of Frederic Chopin, said he did 'not plan to put my signature' to the latest compromise proposal. "
https://www.dailymail.co.uk/news/article-8028565/EU-leaders-argue-early-hours-bruising-budget-talks.html
J46
I have had a premier account and HSBC investdirect account from day 1.
We started it as a joint venture with Merrill Lynch (MLHSBC) but it wasn't long before we had it 100%.
J36 not J46
Oakie
“And its been that way since the financial crisis “
Absolutely. After the financial crisis is when the market makers started playing dirty with the UK stock market. Before that shares used to go up occasionally and to mark them down to historic lows as they do now, it would take the most savage of bear markets.
The proles were always going to pay for the financial crisis - not the coke snorting monkeys who caused it.
The new normal is 40 percent overdraft interest, 0.1 percent interest on savings, sky high credit card interest and shares priced down to oblivion. All with the blessing of the Tories. The end game for capitalism is when the tiny minority yield all the money and all the power and all the media influence to transform the masses into worker ants to generate their gluttonous wealth.
Toff
Toff
''The new normal is 40 percent overdraft interest''
You need to look into the reasons for that (FCA).
A lot of people who use an overdraft will now be better off.
Toff
HSBC have a small interest free buffer zone.
nuri123a
you've got more chance of getting **** off a rocking horse than this lot giving you a straight answer
This is the Hyde park corner on a Sunday morning with mahossive hangover and the speakers are on acid page
Straight questions not allowed on a crappy LLoy week
Have a good weekend - fingers crossed for next week.............she says with a weary sigh
John46
“George Orwells pigs are fighting amongst themselves “
The pigs you’re describing are the Tory pigs and their stomach churning billionaire media backers. What we have now is dictatorship without tears; fully controlled by gluttonous pigs determined to redistribute the wealth from the masses to themselves. Proles vote against their best interests because they don’t have the intelligence to see they’re being manipulated by a heinous media.A Union Jack and a hefty dose of right wing jingoism is enough to get their simple minds onside. The EU was the last bastion of protection against ruthless neo-capitalists, for working people. That’s why they wanted out - a sweatshop economy was never going to happen in the EU - nor was state retirement at 72. Orwell would have been truly sickened by the right wing extremists who rule over us today.
Toff