Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen here.
Typical, can't place a deal at the one time I would like to. Thanks HL I can see why people are moving to fee free platforms, I thought the one advantage of paying for a service is that it would be more reliable.
My bad I was looking at the drop on HL and it's misleading me. Says only down less than a penny. This is because they measure the drop from the opening price today rather than the closing price from yesterday.
You are correct it is pretty even.
Notsofastyou, I did not mention tanks and planes in the UK, although I would never discount it.
I think your view that the end is energy supply control is a valid view. For me I think Putin sees energy as a means to an end, not an end in itself.
For me he wants to unraval some of what the USSR lost. He had been dabbling around the edges for years pushing on countries were the EU and NATO have less influence or direct control.
Does he want to run Ukraine? Probably not.
Does he want a Ukraine ( and other former USSR countries) that is in his back pocket. I think most certainly yes.
He does not see NATO and the West as a non threatening part of the world, whether through arms or more likely the influence of democratic standards he does not want that influence crossing the boarder into Russia.
If he can hold NATO and democracy at arms length that secures his own power base at home and also gives that legacy to whoever he nominates to succeed him.
He may not have the title tzar, but he is more like a tzar than any other European leader.
To be fair shell may gain from the oil price but we are also invested in the pipeline nordstream 2, I think most reasonable people accept that there is going to be a move away from fossil fuels and that reliance on countries for key energy supplies who don't have our best interests at heart is not a good investment not matter how cheap their oil and gas is.
The EU has been funding the rebuilding of the Russian military for decades as they saw Russia as an annoying but not important global player.
They may regret paying for that cheap oil and gas when their money comes back to them in the form of tanks and planes.
We in the UK maybe less exposed to the threat but we are not immune.
Why do chief execs make these looney statements..
They should learn when to shut up and just give the facts not these stupid statements that can result in public backlashes.
If course people will object to huge profits as they pay more. They won't both with the technicalities of who is providing energy to whom.
Just make the profit and say nowt.
Or better still lower your profits by paying off debt.
Thanks very much BP.
BT are also up today (I hold both).
I was reading about stocks to hold for higher interest rates and inflation.
Financial institutions and pension companies were on the list, but in addition so were companies with higher debt, which I thought was bizzare.
So could this just be about the wider market reaction to high inflation
Moving stocks:
I have done this before from IG to HL.
The fees can make it a bit annoying so my approach as to move piece meal over a few months.
I opened the ISA with HL and then as my money built in HL once I had enough to match the stock I held in IG I would sell IG and buy the same in the HL ISA at the same time, minimizing any losses or gains in SP movements.
This is only worth doing if the fees for transferring the stock are more than buying & selling.
Or I think in my case because the stock with IG was outside an ISA I could not transfer shares into an ISA, so I had to buy and sell anyway.
Once I did that the cash in IG I transferred out as per usual and then moved it into HL to buy the next stock.
This only working if your holdings are below the ISA level as clearly there is a cap on how much you can put in and ISA each year.
I guess it all depends on why you buy a share.
This was mainly an income share for me so any capital gains are a bonus. Only been holding this about a year so I have made a little on the capital but I'm only expecting 6-7% gains on this from the income each year.
It's hard when you see other shares SP flying up but hindsight is amazing and your odds of buying a high flying capital gains share are lower than buying a share that will fall dramatically. There are more losers than winners in this game.
So having a few steady eddies that you can rely on to generate good income are essential.
For me I have a date in mind when I want to sell up my shares and move into safer income, when I get close to that date I will have a few years either side where I can keep holding my income shares or if they are on a good run , sell and take any capital gains.
So its more important about what will you do with the cash if you sell, rather than I am bored and not excited by the lack of capital growth.
Assuming this stays steady then in 10 years I will have 60% more cash than I started with just from income alone, that is the prize. Trying to time buying and selling to get a 20% shift in a few weeks or months is more for the gamblers and pros.
I don't have the time or expertise to get those results on a consistent level.
I just wish I had the foresight to see this coming as you could on Monday and buy back today for a discount.
Only a 5% swing but still 5% over 2 days is a decent return if you can day trade. I can't and tend to get the calls wrong more than right.
They reversed it because it did work. The birth rate fell. This is good on a global basis but for an individual country it is a negative as all growth and social economics is based on never ending population growth.
https://www.bbc.co.uk/news/world-asia-china-57303592
I think globally birth rates are also starting to turn, but whether it will be enough or soon enough is the big question.
EV will be a thing but not sure that oil companies can make a lot of money from it. Once sales of new petrol vehicles are banned the move to EV will be fairly swift, but it could still take another 10 years for it to start to become difficult to find a place to refuel on petrol.
Not sure fuel cells will work in private cars but certainly a role for them in trains and buses.
But we must remember that this is UK only. Worldwide the switch will take even longer and the move to unleaded petrol would not be a bad guide to use.
Even with zero petrol sales worldwide, oil will still have a market as it is used in so many products its not like we can ween ourselves off it totally in 10 years.
Then as others have said there is a question about how long lasting is the current green technology, but then the same can be said for fossil fuels as they are also finite.
In the end population control is the only true green strategy and I don't see this happening as countries would rather go to war over limited resources than Co ordinate a world wide population control measure.
I don't think there are any solid foundations to talk of a take over.
Simply people looking at what has happened to a similar company and then wishing the same here.
Can't blame them as who would not want to make a fast buck. But lots of random numbers being thrown about with no basis.