The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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MPO818
Election volatility, hard to predict the future direction of the market, substantial gains or burnt fingers, a real double - edge sword for traders to contend with.
Not to mention that China has the island of Taiwan surrounded at the moment under the guise of "training" but as we know Russia did something similar in 2014 and if I'm correct NATO troops are also "training" in the baltics and surrounding areas.
Fingers crossed it's all about what politicians do best, wasting tax payers money.
Have just checked ADR price whic has ended up ?
With the UK headed for a hung parliament in Jul, and US rate-cut hopes for Sep-Dec evaporating, and a possible US Fed rate hike before 2025, it's a fair bet the FTSE and S&P are headed sideways or down for now.
Mick-b
Labour are still a very minority number they have to gain enough seats just to become even with the Tories and then more to make a good majority. Things can change, as Harold Wilson said a week in politics is a long time.
If the Scots continue to vote SNP to any extent, then that would affect Labour not the Tories.
4urelius.
Many do not realise it but the wealthy get just as wealthy when interests are high or low.
Historically in the USA (and the same will be the case here) the disparity between the wealthy and the lower earners grew in times of mass immigration, into the USA. Immigrants would work for less, as we have seen here, so suppressing wages .
Considering so many MPs have degrees in PPE ( Politics, Philosophy and Economics) one would think that they would be aware of that . So we could have a Labour government which is supposed to represent the working class, continuing policies that are directly detrimental to the very ones that they are asking to support them. So they will need low rates to allow them to continue borrowing obscene amounts. So those that complain about debt being passed to the next generation will of course make that debt greater !
Some so called socialist on this forum, confuse me with their mixed approach to investing and economics.
The present interest rates are not historically high.
1pm: Big bet on the Tories
Although the FTSE is not offering huge excitement today, political betting markets have been active.
Bookmaker Star Sports says a punter has waded in with a five-figure bet on a Conservative majority in the July election.
A £30,000 bet was placed on a Tory Majority at odds of 25/1, following Rishi Sunak’s announcement of a snap election on 4 July.
The bet defies the current polls, which currently predict a large Labour majority.
Star said the odds of a Conservative majority at the general election shortened from 33/1 to 25/1 following Sunak’s announcement.
William Kedjanyi, the bookie's political betting analyst, said: “Sunak’s decision to call a snap election in July has clearly filled one punter with buckets of confidence in his party, who has placed a massive bet with us at 25/1. This would return £750,000 should the Conservatives achieve a majority."
He said after the punchy bet Star has sliced the odds further into 20/1.
“Despite drifting from 1/12, Labour remain the odds-on favourites at 1/8 for a majority vote in July, with a fair amount of support coming in for there to be no majority at all at 11/2 from 15/2," Kedjani said.
Stagecoach
"Has held up remarkably well today following yesterday's shock general election announcement, cautious trader scaling in and out of positions will be uppermost in their minds over the course of this election campaign period."
With the Dow currently down over 600 points tomorrow will be interesting.
(?)
“When the debate is lost, slander becomes the tool of the loser.”...Sad but true...imho
MV - By real standards the interest rate is low, I agree. With real inflation probably double what the CPI tells us, those on fixed income are screwed. I would like to see a hold in rates because a rise is impossible with the amount of debt we have and unfortunately people are levied up to their eyeballs with borrowing costs so it'll sink the ship. At least with rates rising, prices come down as a sort of equilibrium. That's what we need. It'll be painful, but necessary.
Quote…‘ Fear not , Sunak has challenged Starmer to 6 televised debates . Rishi will crucify him .’
😆 I know Stammer is boring but compared to Sunak he’s a ray of sunshine. I can’t believe anyone sensible or with a modicum of intelligence believes that tosh I’ve quoted above.
After 62 trading days, buyback complete to date:
Total shares to date....................................................1,256,769,377
Aggregate cost to date... ............................................ £636,862,418.13
Average price paid to date..........................................50.6746p
Percentage of £2 billion buyback completed............31.84%
***Fear not , Sunak has challenged Starmer to 6 televised debates . Rishi will crucify him .***
It's a pity both sides can't lose....IMHO
Darth.Trader
I would suggest leaving the rate as it is.
Unless those with investments in banks wish to see their values drop.
The interest on cash type investments drop.
Their premium bond winnings drop.
Some , Bond prices may rise, but how many are directly invested them?
The current interest rate is not high, the government wants low interest rates to cover their obscene borrowing costs. So that can borrow more. Whom ever wins the next election will be further limited to how they can grasp our money.
Since the Blair years of 1997 up until today, both Labour and Tories have milked the people for everything that they could. Direct taxes, stealth taxes stagnant personal allowances , fuel duty, holiday taxes taxing, heating tax fresh air tax,
holiday flight taxes. Who ever comes in next need low interests rates not for us but for themselves.
Has held up remarkably well today following yesterday's shock general election announcement, cautious trader scaling in and out of positions will be uppermost in their minds over the course of this election campaign period.
MD ,
"The Worst Is Yet To Come.....Wait & See....IMHO-DYOR"
Fear not , Sunak has challenged Starmer to 6 televised debates . Rishi will crucify him .
**Some of Wall Street’s biggest banks have been forced to rethink how soon the Bank of England can cut interest rates after a disappointing inflation reading was followed by news of a UK election.**
The Worst Is Yet To Come.....Wait & See....IMHO-DYOR
Good for you daz I agree long term holder & divis have given me a great return I abhor the dolts who bang on about historic prices & typically by people who finish their posts with dyor ! Like I would use their intel as my own !
Rose Tints are underrated Dazzy. Always look good on too.
I have a large LLoyds holding and have done for some time parked and enjoy the recent divi payments, at some point may sell if price is right. What I can't abide is those that talk about lloyds @£6 a share, that Lloyds died when they bailed out the government and took on HBOS and co. Why even bother ever mentioning it, that lloyds is dead. Enjoy following the chats and will continue life with my rose tinted spectacles. Good luck ALL
Fine when its windy and sunny, what about the times when there is little of both
Some of Wall Street’s biggest banks have been forced to rethink how soon the Bank of England can cut interest rates after a disappointing inflation reading was followed by news of a UK election.
DYOR
"We will harness Britain’s sun, wind and wave energy" of all their policies, this one should be the biggest worry.
https://labour.org.uk/updates/stories/labours-plan-for-gb-energy/
Hope we don't freeze.
Just… lol 😂
MVarama the Socialists have always operated by delivering the notion of "The road to hell is often paved with good intentions"
Sadly, even their intentions don't seem to be very benevolent these days. Lol