Member Info for botbot1202

We closed at $19.31. It's currently $19.30.

US had an interesting day today, so hopefully tomorrow will settle and we will bounce a bit up.

Any ideas?

Did the chairman and founder re-leave and this time take all the profits with him as well.?

Bhants.

Now, a 9% annuity is awesome isn't it.?

Of course, I'm only 55 so mine isn't that much.

So talking to my US buddies, they have what's called a Variable Annuity, which isn't big in the UK, but is getting larger.

Rather than basically giving your pot away and getting a fixed amount per year which is a normal annuity, the way Variable annuities work is that you still "lock" the pot away, and get a fixed minimum guaranteed amount, but if the pot achieves more, you get that extra amount. Then, there is a guaranteed death benefit from the "locked pot" as well.

One of the biggest issues I have with annuities is that lets say you have £1m and get an annuity, in essence, you give away that £1m for lets say £45k a year for life, but when you die the £1m has gone forever.

It's not exactly that difficult to get a 4% return from the market yourself, so unless annuities up the % payouts, it's just not worth it.

Pre covid I was managing 20% a year returns, since covid I have had swings ranging from -15% from memory to +120% per year.

Many funds avg 8-10% plus returns.

Appreciate that a "fixed amount" is always safer than trying to manage the market, but I've worked too hard to give it away for an annuity of 4-5-6%.

Bhants.

I wouldn't go that far, but hey shucks.....I'm honoured LOL

Yes. That story hit in June, it's old news now.

Bhants.

Unfortunately it stops reporting at 8pm EST on Friday night, and doesn't start again until 10am ish UK Time on Monday morning (5am EST).

The final close was at $19.06 Friday evening (8pm EST).

We closed at $19.09 at 11.30am EST, unfortunately it continue to jump all the way up to $19.46, and then the added Fed pressure has now pushed it down to $19.09 and potentially still dropping.

May be a bumpy Monday ahead.!

Good weekend all.

Fordy. 100% agreed.

The only benefit is that the largest market for all cruise operators is the US, and the US may put their rates up if the inflation number hasn't come down more, but they won't do it just on the jobs report.

Our BoE was way way way too slow in putting up interest rates. It was obvious that with the pent up demand through covid that everyone was going to go out spending, and that prices would go up because most companies needed to get back into profit, but even as inflation started to increase they held the rates which was madness.

Economics 101.

The only good thing is that if they keep hiking the interest rates, I might actually change my mind and buy an annuity instead.! I did a quick look, and I can get 5.5% now. If they continue to hike it, and I can get 7%, I think that's it for me.!

Honestly, I do not know exactly......

BUT.

I believe that it's an indication of the "sentiment" factors pushing the market.

The write up says "What Emotion is driving the market", and the indicator is a Fear or Greed indicator.

It has Extreme Fear/Fear/Neutral/Greed/Extreme Greed as the measurements, and we are 78/100 (76 is when Extreme Greed starts)

It's a general good indicator of "positive sentiment".

It's a US thing.!

Every holder, no matter what size is important.

Of course, sensible people with a brain don't through a huge % of their money into one share.!

(oh crap, that's me.!)

CCL will potentially bounce around this level now for a bit, getting up to 14, dropping to 12.50/12.75 until Q3.

Well, that was my logic anyway, whether it will be true, I guess time will tell.

Greed factor has dropped to 78/100 which is good, and the US is only very slightly red in the futures, so who knows, we might be a nice bounce on US opening.!

Of course, I'm now expecting a , I'm really sorry Bot for trying to make you look like a liar, when it's actually you who obviously wants to look like a k.n.o.b instead.

There are, believe it or not, normal people on some of these BB's who simply come on to share info, make acquaintances and share stories.

HeresHopin...

Really.... Really...??

I would have zero reasons to lie.

Link below, it only take 2 seconds to check

Look at the 5th May 2020, which was the day I sold. £2.9971 was the high.

https://www.sharesmagazine.co.uk/shares/share/GDR/historic-prices?startDate=30-04-2020&endDate=30-06-2020&submitbtn=Filter

Fordy.

I was very very lucky.

I bought some shares in a company called Genedrive in an old account. Completely forgot about them.

Covid hit, and the shares went from 9p to £3.

I managed to get out late 2's, made a x30 bagger.

$18.48 >> $18.87. That's $0.39c or 27p in the morning....

We closed at $18.48, and it's currently $18.80.....so if this continues, we will get a nice bounce of 21p/22p in the morning.

I just hope my new Jet2 purchase does even better, otherwise I'm going to be kicking myself....ALOT....!!!

Fordy.

I had 75,000 shares.!

That's why I was c.r.a.p.p.i.n.g myself every time it tanked, and I was glad I was on a cruise and not posting on here on results day.!

I would have been moaning every two minutes at everyone.!

Basically......

Europe is negative growth, so we have those concerns.

Energy pricing may go back up, so there are those concerns.

Then, you have the strong US jobs data, which means that the Fed may raise interest rates more.......

https://www.cnbc.com/2023/07/05/stock-market-today-live-updates.html

Bhants.

It's the whole market.

Oil, Travel, Leisure, you name it.

Apparently nobody has any money silly.!

Nobody can leave their houses from today because everyone is skint. Haven't you heard...

Was speaking to someone earlier, and we were saying about people who have no money, but go to Costa Coffee every day to get their coffee....... He told me about his neighbour, who gets their Costa Coffee DELIVERED via UberEats.!

and she moans that she has no money.!

Q3 is supposed to be in profit, bottom line.

Q4 i.e. Year End will have a slight loss (noting Q1/Q2 losses)

I've reduced down to 40k shares.

Decided to buy into Jet2 after their results. Watching them tank today is the same as CCL just over a week ago, so hopefully they will bounce back a bit. I didn't manage to get in when they were 13% down, only 8% down instead.....so hopefully they finish 6% down, and I will be 2% up.!

Thanks all for the sounding board.!

I also bought a few more IAG just for my sins and madness.!