Although I haven't traded since November last year and moved all my funds out of my SVS account, I still thought my account was active. I went to look at my trading record yesterday evening and found I couldn't log in, not even being able to get into the SVS web site. On looking closer I noticed on Google there were articles about SVS going into "special administration" at the begining of this month!. Anyone with funds and/or shares in their SVS account are unable to access them or do anything at all until the FCA has investigated thoroughly which could take months. Just as well I moved all my funds into my bank account to enable me to have enough funds to buy my house at the end of May!. Had I been looking to move now I would have been completely stuck and any move would have fallen through. Doesn't bare thinking about and all the ramifications it would have had for all concerned. Good luck to all who have SVS accounts; they are covered up to £85,000 (way above what I had in funds) and truly hope they don't need the funds in the immediate future. Just shows none of us know what is ahead. Probably using a well known, reputable broker is worth paying a little more for their services.
Good luck and regards to all
Good evening BT
hope all is well on all fronts. Looking at your last post and the date of it, it looks like you may have moved into your new abode by now. Sorry it has taken me a while to reply. To be honest, I don't look into things much these days and only noticed you had posted when I checked things over yesterday evening, so it is a bit of a catch up. Trust everything has gone well and that you are now settling in with nothing has caught you out. It can be somewhat unsettling initially but most times things work out well. Still getting use to things in a different neck of the woods here, so much more peaceful and relaxed though.
Thanks for your kind comments re RR. Yes, she has been diagnosed with dementia. She has some excellent care, although at present she doesn't need a great deal. There is a befriending service which I can not praise enough. Elderly folk can feel so isolated and lonely so they play a heroic role. Unsung heros. I was last with her a few weeks ago when the last of the work was being done to re-instate the house after the header tank damage done in February. Thank goodness all the work is done. Mum will now (should now) feel much more at ease which should help the overall situation greatly. I expect another visit sometime in September, or sooner, as required.
Re Brexit......well, will it ever be over?. And now we have Boris as PM!. If ever they are looking for leading roles for a remake of the film Dumb and Dumber, then they need to look no further than Trump and Johnson. Trump, fearing people are forgetting he is the centre of the Universe has decided to take another swipe at the Chinese with the consequential affect on the markets. "Will no one rid us of this "meddling priest (President)!" Things can only get better.....can't they?!.
Yes, staying out of the market for the time being seems to be the best play, for me anyway. Hardly any of the shares I held at the time of selling out, have risen above what I sold out at, GBG excepted (although not a great deal) and BOO (which I feel is likely to take a thumping when folk react to fast fashion, wear it once and throw it away, in the same way as they have done to plastic in the environment). To be honest, I feel far more at peace and wonder just how I had the time to be constantly checking and re-checking anything and everything to do with my investments and potential investments. Maybe I will re-invest before year end. GBG, well, yes they do seem to be holding up well, compared to other companies. They have a great deal to offer as always and have never disappointed. They seem to be stuck in a range between somewhere around 530-600p. Still a large number of A trades though, algorhythms (sorry about spelling) by the looks of it. Never happy about that, never was. Seems we need to identify the game and deal with as best we can.
Best wishes to Mrs BT and the not so puppy puppies!.
Regards to all
Good evening BT. et al. BT, thank you so much for your posts and apologies for not responding until now. I appreciate your very kind words and concerns, very good of you. I have very largely been chilling out as best I can since the move, which unbelieveably is now over a month ago. It's taking some time to get use to the different area, but when I can look out from the garden and see the Helvellyn range, Blencathra etc it really is quite breathtaking and I realise how fortunate I am.
Regarding RR, yes, it's been difficult. There are days when things seem ok, and I wonder if the onset of dementia is all in my mind (excuse the non intended pun!). And then there are the other days when as you say you want to scream. Makes me realise we all have to make the most of the time we have because we just don't know what lies ahead for any of us. I make my next visit South next Monday for a number of days so that I am there when the final re-instatement work is done on the house. When things are bad each hour seems like a day and each day seems like a week. It's very difficult to stay strong at such times.
Being totally out of shares has given me some much needed breathing space during some challenging times without the stress of watching the share market. In truth not a lot has happened with the share price here, now at 552p after selling out at 518p back in November; is it really that long ago?. During that time the share price has been above 600p and close to and maybe below 500p. My other investment(s) are generally lower now than when I sold out. GBG continues to push out some excellent results and RNSs I notice. No rush to re-invest at present. I need to see how finances go with the house move and then may re-assess the situation, For those who remain in the market I wish you all every success.
I tend to agree with you about the nonsence going on in the world. Trumpty Dumpty gets stressed out when he hasn't been the centre of attention (Universe) for more than a week so comes out with anything to grab the headlines. And now we have Boris to look forward to being Prime Minister it seems!, unbelievable, swear you couldn't make it up if you tried!. And the alternative..............Jeremy Corbin?...........someone's having a laugh!.
From re reading a previous post of yours BT, it seems you may be in the new house by now. Hope all has gone well and if you are not there yet that you will be shortly. I am sure it will all have been worth it once you are in and you can look back on things with a beer in your hand or of course the old Jura!.
Sorry I haven't a lot to add about GBG specifically. I have taken my eye off things micro speaking and just look at the bigger (macro) picture. Things may change in time.
Wishing all the very best. Special regards to you BT and Mrs. BT and K9s.
Good evening BT. So very good to hear from you again my friend. I thought you had called it a day. Hope all is well with all.
I have occasionally looked at what is happening to individual shares but still am out of the market. I really have had other things on my mind. Have I missed things?, no, not at all. I made a good amount overall for me but for the time being enough is enough.
The move goes ahead on Friday BT; not there just yet. It has been a very difficult few months. The easy bit has been the house move in some respects; the difficult bit has trying to deal with Red Rum starting to suffer from dementia. It has meant numerous visits South, especially as she has had damage done to the house from a split header tank. I have been dealing with the insurance, co-ordinating the work and being there at the time and supporting RR. Desperately need some holiday and "me" time which I truly hope doesn't sound selfish.
Keep in touch. I will look in from time to time.
Good evening folks. Just touching base so to speak, checking how you are.
I have been out of the stock market completely since November last year when GBG was at 518p. This is pretty much the first time since then that the share price has risen above what I sold out at at the time. Good to see for you folk still invested. It may well rise further and may even hit an all time high given time, subject to what will (eventually) happen over Brexit (will it EVER be over?) and what Trumpty Dumpty may do or say or imply etc., etc.
It is extremely doubtful that I will return to the stock market in anywhere near the near future. I have taken all my funds out due to being in the process of moving house. It's all in the hands of the solicitors now. I knew all along that I was likely to need to find the funds from my investments to be able to move due to the vast difference from what I would receive for my present humble property to anything else. Should you be interested BT I decided against the converted barn due to the commute, my enthusiasm was ahead of the reality and have gone with my head and not my heart. I have ended up going for the first property I looked at in Penrith, still some distance from work but not much further than what I have to travel now.
Hope all is well with all................including K9s.
Regards and good luck
You're welcome. I'm sure you will get it sorted. You won't be the first to have lost a share certificate and won't be the last. These things may seem rather daunting initially but taken step by step it will work out.
Good evening BT, good to hear from you as usual.
Puppies settling down after a year?, some chance!. My friends' border collie is just as lively at one year old. Has to be the centre of attention. Bit of a thug (loveable) at times but no malice in him whatsoever.
Thanks for asking about Red Rum. She has a problem at the stables, leaking tank upstairs causing some damage. I think she has someone dealing with it. I phoned this evening and will again tomorrow; didn't want her to say too much before she went to bed, didn't want her to be worked up and not sleep. If necessary I will shoot South. I have a visit planned for 2 weeks time. At 92 little things are difficult for her. Fortunately she has some good friends and helpers around her.
Good luck with the house. Hope there is no Beast from the East, nor a Pest from the West.
Had some deep snow on the hills here recently, knee and thigh deep when I was out, total white out, sleet stinging face and walking on a compass bearing to take me to a wall down to a col and then down into the valley. Oh the fun of it all!........not!.
I have had an offer on my house today, gulp!. I have found a great property, a converted detached barn. Only concern is it is some distance away and would mean a longer and more difficult commute to work. Right property, right time, right price (really!!!).....just not necessarily enough in the right location. Need to have another look, stop over in the area perhaps and dummy runs to work etc. Big decision to make.
Take it easy my friend. Regards and to Mrs. BT too. Watch those puppies.
Interesting proposed acquisition in after hours RNS. No details of price of new shares to be issued to help finance the deal. To date, all acquisitions by GBG seem to have been well made (that I can remember). The issuance of new shares may drag the share price down initially I suppose. One to keep an eye on.
Still out of the market but keeping tabs on GBG in particular. My funds are earmarked for other purposes for the time being.
Good luck all
Best advice I can give is Google "Lost Share Certificate". I have just had a look for you. I think you will probably find what to do. Far better than me try and explain things; wouldn't want to make a mistake. There shouldn't be a problem selling the shares.
Hello Cagney, good to hear from you and know you are still around. Hey, don't fret over GBG - I had the opportunity years ago to buy into ASOS at 9p a share, but with the spread being 7p - 9p I thought the spread was too high so didn't bother. I would only have bought about £500 of shares in those days; but imagine what they would be worth now!,.............er...........no, on second thoughts don't!.......please!. Of course I would never have held them all this time. Anyway, we can have too much money, so I am told..........by somebody..........who possibly has never been in the situation where they have never had enough.
Although there has been some recovery in the markets since the very end of last year, it only takes one more crisis manufactured or otherwise by Donald Duck or other characters from his own little world of Walt Disney for the markets to take another down turn. It is only due to the more dovish tones from the Fed over interest rate direction (possible) and the positive mood (at present) over U.S/China trade deals that have helped the DOW in particular and that may all change. DT has worryingly NOT been the centre of the World news for what, maybe a few days or a week?, so it is about time he got things straight again and made us all realise/remember that what REALLY matters in this world of ours is not poverty, climate change, equal rights etc. etc, but DONALD TRUMP! Mr Teflon man himself. In my experience though, Teflon never lasts for ever, so somewhere down the line he will come a cropper. With a bit of luck the next term he will serve will be for another 4 years but somewhere else, and the wall I am talking about has bars too. Not so much for keeping folk out but keeping him in. Think a lot of folk would be prepared to pay for that wall. Whoops, can I say that, or will this post get reported and deleted?.
Sitting out of the market after many years of all the stress and nerves, I feel greatly more relaxed. I am keeping an eye on things from the sidelines but now I have got my (small) private pension sorted with hopefully the first payment due or having been paid out I no longer feel the need to be looking to improve things by investing in the market. That may well change of course. The house move is now my priority and I just don't want to chance losing what would be a very useful deposit when there is no need to chance it.
Red Rum has good and not so good days. She decided to face plant a window the other day; shook her up of course. I am in regular contact and on call for a blast down South; expect to be visiting in the near future. Still, at 92 she is doing pretty well.
Regards and good luck to all
Hope house continues to progress BT, and watch out for those (no so much now) puppies!.
Good for you Investinvalue - but do calm down.......please!.
I remain out of the market, but keep an eye on things. My circumstances have changed greatly and I no longer need or have to put up with the hassle and the nerves of investing. Although, at present, my view that the market was in or heading for a bear market no longer looks quite so true, it is largely down to the U.S dovish tones made by the Fed on interest rates and (for the time being) the positive mood over U.S/China trade deals. Should the latter fall apart and/or Donald Trump decides he needs to be the centre of World attention again by saying something (even for him) stupid, then the market may change again. They can turn on a sixpence.
At some time we all should enjoy the fruit of our labours (investments), isn't that what it is all about?. The difficult part is recognising when that time should be.
Good luck all
I think the main reason for the rise today for DOTD and over the last best part of a week for the stock market generally is the comments from Fed Chairman Jay Powell that the Fed will take a more dovish view on any interest rate increases if necessary and additionally that the trade talks between the U.S and China will end positively. The rise in the DOW has been mirrored to some extent with the FTSE100 and most stocks. However, it only needs Donald Trump to open his mouth to reverse things so I am not over confident on the trade talks. DT has a need to be the main news for his own self esteem and he has been reasonably quiet over the last few days - apart from the wall of course.
I am totally out of the market at present but keep an eye on what is happening, particularly regarding stocks I have held previously. I am less bearish than a week ago, but remain very cautious.
Good luck all
Good evening BT.
Hope you managed to get all of the last minute shopping done. Perhaps now you can relax and look forward to the festivities properly with a Jura in hand.
Agree with your comments regarding politicians,or most of them anyway. I wish they would at such times stop point scoring and do what is right. Does Jeremy Corbyn really believe the country wants a general election!?, for heavens sake get Brexit or no Brexit sorted and now. Seems like the country can be given a referendum when we didn't ask for one but not a 2nd. when many are now we have a greater understanding of conditions. Trumpty Dumpty spitting his dummy out of the pram across the Pond thinking he is some latter date Caesar. The words "will no one rid me of this meddlesome President?", come to mind...or something close to that. He can't take being out of the news for more than a week or two at most. At least there is another Presidential election in less than 2 years time; but can the world wait that long?.
Re pension. I appreciate your thoughts BT. With my pension maturing imminently, within 2 weeks, I really don't want to defer it further when it was always my intention to take it at age..........er..........hmm.....something ending in 0. I have been paying into it for over 20 years and now it is time to enjoy some payback and not wait another 5 years of paying in. Things can change a great deal in 5 years. Hopefully, the market will hold up sufficiently to not affect my pension much.
I wish you and your whole family a Merry Christmas BT, and a Happy, Healthy and Prosperous New Year.
Oh, by the way. If you do manage to keep the puppies and turkey in seperate rooms, just make sure the door is closed!. And if the phone goes, make sure the room with the turkey in is occupied with a human. Memories of phone going and when I came back to the kitchen there was mans' best friend with the last piece of chicken in his mouth!. His eyes met my eyes and there was a big thought bubble above his head saying "oops!". Loved him all the same. As he did me since he let me have that last bit of chicken...........
Assuming you are referring to me Volcano, thanks, appreciated.
No investments at present. Once my financial position becomes clearer regarding pension fund and housing situation, my property is on the market, I will have a better idea as to where I am.
My main interest in possible investing is in SUK2. SUK2 is not a share, it is an ETF, an exchange-traded-fund. It goes up twice as much as the FTSE100 goes down as it is a super short on the index. It has to be used with care as it can go down twice as much as the FTSE100 goes up. It can be bought and sold just like a share. There is no worry about market makers or market manipulation. The Naked Trader describes it in his book "How anyone can make money trading shares". I have used it in the past without much success to be honest, although I have only lost a little. Trouble is there can be a big movement one way or the other first thing when the market opens on the back of what has happened in the U.S and which we tend to follow. I would expect there to be a sizeable jump on opening on Monday morning so getting in at a good price can be difficult.
DOW is down again this evening and is heading towards 22,000 level. Trump (he who can't bear not being the centre of attention) is at it again with his threats and yet more resignations.
Good luck all, have a good weekend. Thank heavens there are so few trading days left to the New Year.
Good luck Investinvalue. But let me assure you, if you have only been in the game for several years, you most definitely have not seen the "very ugly". I have been invested long enough to see the dot com boom and bust and the financial crisis plus others. It took me a LONG time to make up my initial losses. To me those losses seemed a great deal although absolutely nothing compared to what others are losing now or about to lose. At such time Fulham winning the premiership or being relegated to the National League South will be the last thing on anyones mind.
I need to sleep at night and not put at risk the profits I have made. I am now of the age when I haven't the inclination to fight to recoup large losses, nor the years to.
Investinvalue - many people quote Warren Buffet at such times that we are going through now; largely to justify their own position. However, WB would have been very specific in the companies he invested in as we all must be, especially right now.
There are very many folk, perhaps a majority who are now invested that have never experienced a true bear market and nothing more than a correction. It is far easier now to invest with all the tools available and it is all to easy to invest with what is in effect others money, ie cfd etc. I just don't believe those who boast how much they have invested that they have that amount of free disposable funds; if so, where did they manage to get it from?!. In some instances it (if it is true) it amounts to many tens of thousands of pounds if not over a hundred thousand pounds. Have they asked themselves what happens if the value of their holding plunge?. Oh, but they intend to hold because WB says "be greedy when others are fearful etc.......". I have read on other boards, was it QPP and GBO to name 2?, that the fall in share price if it continued would be a "life changing experience"!.
Although technically neither the FTSE100 nor the DOW is yet in a bear market, "just" a correction, a majority of the FTSE250 constituents are likely to be as IS the case with the S&P500 in the U.S. It doesn't matter if the main indicies are not yet in a bear market if all or a vast majority of our own holdings are.
As far as under valued goes...........well, any company which may be VIEWED as under valued may get even more under valued. A cheap share can most definitely get cheaper, however unfair that may be. The market is the market and unless we are lucky we can not beat it, certainly not consistantly.
Someone, was it WB?, has said there are only 2 rules to investing. Rule 1 is not to lose money. Rule 2 is not to forget Rule 1. Very true. There are many investors right now, a vast majority who are sitting on losses. They refuse to look at the greater picture outside of their holdings, refuse to do anything other than view RNSs with rose tinted glasses. With interest rates so low for many years there has been little competition for our money other than invest in shares. That in itself has drawn the masses into something they really have little knowledge about. They forget that there is a warning that investments can go down in value as well as up and past performance is not a guide to future investment.
As far as AUM go, well, they may increase, but what if the underlying value is decreasing?, ie the share prices are falling, as indeed they are. Companies like MGR are fine when the market is rising, but as I have posted before, are risky in falling markets.
I am totally out of the market right now; thank heavens!. I have not made any money in that time, but have not LOST anything. I have no intention of re-entering the market as yet. I can rest easy(ier).
Good luck all
Good evening BT,
thanks for the post. So good to hear from you again; I was begining to think you had jumped ship. I had intended to reply before now, but time has a habit of running away with itself and before we know what has happened a week has almost passed.
Pleased to see the share price for GBG has risen if only slightly since you posted. I would like to think it will continue, everything crossed, fingers, toes, legs and eyes and anything else. I am not sure the share price fall over the last couple of months or so is down to someone selling out or down because a vast majority of shares have been hit as badly or worse over the same period of time. GBG has just got caught up in the general market malaise. Regardless of how good the ship is, when the tide goes out then all ships go out with it to some degree. As you say BT, confidence will return, it always does, but quite when is the big question.
Before posting this I have taken out what I was going to post in full. It was rather gloomy regarding the market and I don't want to depress(?) folk any more than usual!. In brief, all I would say is I think we are in or entering a bear market generally and not a correction. There is gloomy news out from ASOS today and if online retail sales are now getting hit then................, well, being in retail myself it doesn't spell good news. The internet is both a blessing and most definitely a curse.
Need market to hold as high as possible for just another 2-3 weeks so my private pension fund isn't hit too hard which I have mentioned before. Once that is sorted I will give one mighty sigh of relief; you will probably be able to hear it all the way there in Newmarket!.
No further news re. the potential house move. Viewings of my property but nothing more. No worries, no need to move.
Thanks for asking after Red Rum. I visited a weekend ago. She was a little more frail than the last visit. Bad time of year for the elderly, especially those who can't get out more than a brief trot along the road; well, trot would be an over statement. It can be difficult when the World is saying CHRISTMAS, CHRISTMAS, CHRISTMAS, YO!, ENJOY!, WOW!. I am sure you know what I mean. Mum will be glad once it is all over.
Have a good Christmas BT and Mrs. BT. Watch out for those puppies, hide the pigs in blankets etc. Sudden memory flash back to when I saw a fox hound run across the road in front of me way out in the country with a string of sausages in his mouth!; no idea where he got them from or where he was going with them although I dare say he did!.
Stay well. Enjoy the Jura.
You should do what you feel you should do Investinvalue. I do understand what you are saying but regarding macro events we will have to agree to disagree. How long it will take to correct the macro events remain to be seen.
I wish you well and good luck