Member Info for Just_My_Opinions

We're relying on the EU to force a no deal. Hopefully they do :-)

It reached a previous area of support/consolidation yesterday so might get a run on it. Depends how the Chinese developments go

And we have Undemocratic Gina Miller to thank for that. The women that wasn't born in the UK, a member of the Elite... forcing the courts to insist that Parliament votes on any deal, even though the referendum was supposed to take the decision out of Parliaments hands... otherwise there would be no point to a referendum if they were just going to do what they wanted anyway.

I hope it's a no deal Brexit, that's what I voted for. Leave absolutely everything to do with the EU, we just need leaders with balls to make a success of it.

Obviously Glencore's debt is a concern if things got really bad. But they would need to get pretty dire, they have a fair amount of inventories and cash.

Billy,

Sorry just seen your question... I think it's a bit premature to be calling another 2015 event for Glencore. It doesn't matter how tough China talks they could cave in tomorrow for all anyone knows. I don't think they will, but who knows.

On the assumption that they do carry out their threats of "fighting till the end in any trade war"... then it seems logical that Copper demand is going to take a big hit with China. It will eventually re-balance itself either to the USA or China (depends who wins), but as long as Trump is in charge, The USA will probably win.

270's seems logical at least... but the price will ultimately be determined by a mixture of sentiment, data, commodities prices and Trump Twitter account ;-P

Sorry for all the info, better than giving you a half hearted answer

And yes Investment Trusts can be held in an ISA provided your broker offers them. Mines does, I'm with Hargreaves Lansdown.

You can set up a regular savings plan with them for only £1.50 per monthly fixed purchase, so you don;t need to pay the full trading fee each time you buy more shares in the fund.

Pete,

And if you want an idea of what you could make, use this compound interest calculator. Stick in the average annual return, how much if anything you can save each month, change the compound to yearly... and then look at the figures you could expect.

https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php

Go to the below link, click the "Performance Price" tab link, then sort it by 10 Year anualised so you can see the annual average growth rates over 10 years. Change the Sector to UK Smaller Companies, you will notice other sectors out performing them, but if you look at them on yearly basis you will see they can go for years doing nothing then suddenly rocket. Hence why I prefer UK smaller companies.

I obviously think the market is too high just now, so I won't be buying anytime soon. I probably won't get the bottom, but I will buy at a significant discount to NAV (Net Asset Value). Some of these funds lost as much as 50 to 70% during the financial crash, all recovered the whole lot back and a lot more since. Anyone who was lucky enough to get the bottom would have 10 bagged on some of them 1000%

Big names are Blackrock, Standard Life etc

http://tools.morningstar.co.uk/uk/cefquickrank/default.aspx?Site=UK&Universe=FCGBR%24%24ALL&LanguageId=en-GB

Pete,

There's two ways of investing in professionally managed funds. "Unit Trusts", and "Investment Trusts". Unit Trusts are rubbish charges wise, the broker typically charges you a percentage of the total holdings each year to hold them in your trading account, that's on top of management fees within the fund... it adds up to a lot over the years.

Investment Trusts are better (in my opinion and I'm not a Financial Adviser so do your own research) Investment Trust operate just like a publicly listed company, you can buy and sell them just like buying shares in any other company. The charges are incorporated into the fund without you have to make sure you have a monthly amount to pay the broker.

The broker typically charges you the same management charge as holding any other stock. And the best bit about them is, when the market tanks the Investment Trust manager doesn't have to see investments in order to pay you. You just do an instant quote and decide on whether or not to deal just like any other stock.

Because of this, and the charges being less... they typically significantly out perform Unit Trusts in the same sector, and even the Unit Trust version of them with the same fund manager.

Obviously past performance is not guarantee of future returns, but one of the best performing sectors appear to be UK Smaller Companies, Biotech and Technology funds. I won't be buying Biotech or Tech funds because they often sit doing almost nothing for years and then suddenly rocket on new developments... the growth is not regular.

The UK Smaller Companies grow provided their underlying bench marks grow, and they usually significantly outperform the FTSE 100 and 250. Obviously when there's a big sell of on markets they drop just as fast too, but no more than the likes of Glencore has in the past.

The best thing about them is you get decent growth without the need to obsess over trading. All investment funds will tell you, you need to be willing to invest for at least 5 years. Obviously if you buy at the top of the market it could tank and then take 5 years just to break even, with the 6th and 7th years onward making you a packet.

300 to 400% (or more) is not unusual over a 10 year period. That might sound like too long, but the likelihood of anyone making that sort of return across their entire investment pots is very unlikely without taking excessive risk and getting lucky.

Obviously Glencore managed this, but when it was under 100p no one could be certain it wouldn't go bankrupt. It obviously didn't but you never know. At least with investment trusts if one or two companies in it completely die a death... it's not going to screw your happiness because it's diversified.

"The stock market is a device for transferring money from the impatient to the patient." - Warren Buffett

Yet the lowest unemployment figures since the 1970's have just been released. Do keep up 2CV

The video was funny though :-)

Who's been convicted and proven to have broken the law?

Also Cameron spent £9 Million putting a leaflet through every door in Britain to try to persuade people to vote to remain. But vote Leave gets fined for spending only £500k over their £7 Million budget... it doesn't matter what way that's explained, it's clearly one rule for Remain and another for Leave.

"British expats living in other EU countries have launched a HIGH COURT challenge"

hahaha that one actually made me laugh. So they love the UK so much, that they left the country and then want a say over the UK so they can continue living outside of the UK without any hassle.

You couldn't make that sh*t up haha :-)

"Unlawful behaviour of Leave campaigners in the run-up to the 2016 referendum should “nullify the result”"

Who's been convicted?

Picket,

The 270's is a reasonable area of support. Doesn't mean it will get there or if it does that will be the floor. It all depends on how long the trade war goes on for and what the resulting economic data is from that.

I just know I'm not buying into the market again until there's been a very big drop, that means I will miss various bounces along the way no doubt. Not fussed. I'm not buying any individual stocks at all, I'll be going into investment trusts, saves me having the actively trade.

almost non existent*

2 years of constant project fear, and a Remainer planted to soften Brexit down until it's always non existent... and then have another referendum to see if we want to accept it.

That's not democracy, that's trying to sicken people with it until they're so drained with it they roll over. And if it happens it won't be forgotten by millions of people for years. Remain dressed as Brexit may happen, but the political ramifications will be felt by everyone for years.