Member Info for mrtibbles

After I filled out a internet offer of a free report I got months of telephone calls from a chatty chap (Darren Easton) at a firm of London Advisory CFD brokers ( Logic Investments) who convinced me in the end that he had my interests at heart with statements like this- Our advice is as individual as each client. That is why when you decide to use our Advisory Service we will provide you with a Personal Investment Advisor. Your Personal Investment Advisor will assess your investment objectives and your risk profile and also take into consideration any particular interest, ethical position or goal you may have; to ensure that the investment advice provided is bespoke and suitable for you. You will be advised not only on single transactions, but on your portfolio as a whole. This includes looking at the wider issues that may affect your portfolio such as asset allocation, diversification, and risk exposure. Your advisor will also keep you informed of any economic factors that may affect your investments and will advise you accordingly. As part of the advisory service we will also provide you with our Free Monthly Market Report, which will provide you with an update of the Equity, FX, Commodity and Bond markets along with our top picks for the month. You will also receive our quarterly Special Reports; where we focus on particular stocks or sectors in the financial market Sadly this was not the case all he had an interest in was how much trading commission he could earn out of me and in twelve months of him acting on my behalf he lost me more than I had lost in fifteen years of trading and charged me more commission in that twelve months than I had paid in the previous fifteen years of trading for myself and I am not alone in this experience I am certain, Spivs is a very accurate description of most of these traders! Jack, you are right I traded a lot and lost a lot and I had some CFD positions where they had advised me to average down open for months, if fact on some months my interest payments were £450 plus trading fees £50 in and £50 out per trade plus 0.05% commission, what an idiot I was to fall for the Logic Investments chat, and at one stage I had 44000 emg long with a £13000 loss and they talked me into opening a 44000 short position to cover myself which I felt was stupid but they must have my best interests at heart and they as they told me were experts, ha ha! In the end it made me ill so I closed the account with them and now I trade myself and feel better for it! Mr Tibbles

I thought he would sort things out, best put him in a bag with a lump of concrete and chuck him overboard from the good ship EMG because he has proved to be about as usful as a chocolate fireguard and as effectual as Mr Dead! I am not a shorter so I am not running down emg but how much longer are they going to run that clapped out pile of pents called AHL, it would be cheaper to just run their central haeting system on £50.00 notes ! Tibbs

What hope do P.I. have in this fixed and corrupt betting shop? Interesting article regarding price fixing: http://www.zerohedge.com/news/2013-11-25/how-gold-price-manipulated-during-london-fix Tibbs

Painful, but as usual the small share holders get stuffed and I have held RBS for so long that I would like to get some return on the money rather than carry on waiting in hope being taken for a sap by the government and the city! I am thinking of applying the same bullet buying principle to this EMG stock which I have held for many years and frankly deceived myself into thinking that the EMG management were competent when in reality they are no better than the monkey with a pin, of course I could be wrong but then so are the media and broker experts on so many occasions! My post regarding RBS- I have just sold my last of these at a considerable loss but really I should have done it when they consolidated this stock because that was just a smoke and mirrors exercise to try and make this stock attractive to institutions and fool people into thinking things were improving for RBS which is not the case, hence the bad bank subsidised by the tax payer and a false value given to a good bank to be hawked around the city parasites and day traders many of whom have no real commitment to invest for the long term whilst many have the ethics of arms dealers or drug pushers and will trade anything even toxic waste and human suffering as long as they make a profit! So what to do to make myself feel better, well I have invested the proceeds of my sale into Centamin gold mine which is in my opinion the bargain of the ftse 250 as it is one of the best run gold mines in the world providing much needed investment and well paid employment in Egypt whilst having no debt and massive growth potential! The simple fact that I have finally dumped a pile of toxic waste known as RBS has made me feel cleaner and even better that I am now invested in a company that produces something that is in short supply (gold) and always desired as well as helping to provide stability to Egypt's fledgling democracy and may also give me the satisfaction of a good return on my investment for the long term. If things go as I envisage with Centamin then there is always the time to invest some of the returns into a properly run bank like STAN.L and HSBC both of whom have established themselves in Asian markets which again offer growth potential and good dividend payments. So that is my view however as always you must do your own research and make your own minds up and so I wish you well! Mr Tibbles

I agree about the W8BEN form my execution only brokers first direct also do that however the other brokers I was with Logic Investments didn't care to find out about the form or couldn't be asked to do anything but get trading fees out of clients so trading American stocks was a very expensive experience and I now prefer to stick with UK listed stock which is also more sensibly priced and with execution only there is no pressure from a broker to trade which they all try to do although their methods of hiding this fact are better with some of the longer established firms. Still as far as EMG goes it has come a long way down the slippery slope from the days many years ago when I held it at £16.00 so I maintain my opinion that AHL needs sorting out properly or shutting down and the experts running EMG are really no better than highly paid chancers with the political interference and QE to contend with!

So you hold shares in a UK ISA and pay no tax but because the company taking over is a US listed stock you pay 15% tax on the divi to those shares and CGT on profits, so why hold them in an ISA then when you still lose 15%? True since the take over bid the VOD shares have risen which make them more attractive to sell because after the deal goes through the special divi is only your own money back which Uncle Sam will tax you on and your remaining VOD stock is reduced in value whilst you are given some American listed stock that they tax you on in America and here unless you have submitted the correct forms to the IRS in time and unless special arrangements are made which is not as smooth as it sounds. However I can only speak from my own experience and you as always must do your own research however my point is that a take over of UK listed stock involving an American listed company can be both long winded and not as advantageous to P.i. as some may have you believe so take care1 Tibbles

They have been saying this for about four years, usually to talk this up to around £1.30 or so and then those on the inside dump it and leave us long termers to take the hit again, this share stinks and in my opinion if it ever gets to £1.30 or near it again, get out! Just ask yourself who is really going to want AHL, it is unfit for purpose and has been for some time and unlikely to change, they should do EMG a favour and shut it down because it is just like Gordon Brown give one day and take the next! I am long term holder of EMG and I have never known it to be as bad as it is now, the leadership is dire, the so called experts running it are chancers using hit and miss tactics, what they gain in one hand they lose with the other, just like long term gamblers and I cant see it changing any time soon because of all the political tinkering and QE etc.! As to an American take over well all that usually happens is that you get some of your own money back taxed twice because of the American system and then you get given overpriced inconvieient American shares that if they do pay a dividend get taxed twice, I agree there are ways to avoid some of these issues but they come with their own inconvenience as I have found with the fiasco being enjoyed by Vodafone share holders, in other words this is going to be a painful rocky ride for some years with a bit of hype and hope sprinkled with plenty of frustration and suffering for us! Mr Tibbles

In my experience of using advisory CFD and equity brokers such as Logic Investments of London are a very expensive waste of time as in 12 months with them they lost me many times more than I had lost in 12 years of trading myself and the they charged me a fortune for the privilege , not only that they were the rudest most arrogant and incompetent broker I have ever dealt with! If brokers knew so much wouldn't they invest their own money instead of trying to get you to become their clients? No of course they won't invest their own money when they can take the risk with your money and win or lose they get their fat fees! Brokers, forget them because a monkey with a pin or peeing into the wind and seeing which shoe it lands on is far, far more reliable!

Very interesting post, hope others watch it! Thank you Tibbs

Would be great to have an uptrend, however even better to keep it and not get knocked back 40p in a morning as last time, I really think we get screwed at times with this share! Tibbs

Was good in it's day as it latched onto trends, however that was before todays markets that are run by robots and the only trends seem to be knee jerk reactions to political and media spin or direct interference with QE and Wall Street price fixing, not to mention after hours trading and behind closed door deals! So we have an out of date AHL trading model with the reaction speed of a dead parrot and expert strategists at EMG that don't stand a chance because they are behaving as though they are dealing in a financial environment that really operates within the rules and instead it is run on the same principles as those used by gangsters, drug pushers and worst of all politicians! Not even the Pope could sort this out because t is the system that is absolutely rotten, corrupt and broken in which the only people that have to abide by the rules are the P.I. who get screwed every time because that is what keeps the big boys rich and us down ! If our government, whatever colour, really wanted to sort our country out then it would start with really sorting out the City Tibbles

Thank you for taking so much trouble, I am not anti EMG as I have held them for so long, however they should be more proactive and positive and fight back with some real conviction, not to mention do something about AHL even if it is turn it off for a while! Tibbs

They can't put it right, it is no longer fit for purpose and whatever AHL does it seems it should have done the opposite, let's face it you would have to want to lose money to invest in AHL, it is truly appalling! I am a long term investor (13 years) and I have held on thinking that EMG would improve someday, however with political tinkering, rate fixing, gold price fixing and robot milli second trading I see little hope of this sadly! Whilst I don't like taking a loss I am thinking of getting out while I still have something left because the state of EMG is not good at the moment to say the least! Tibbles

Thank you for the explanation, very interesting! It is a shame that Barlays accepted triple AAA in good faith when clearly the people who had rated it had either not done their job properly or set out to deceive those buying the debt, although in my view this type of debt buying is the practice carried out by loan sharks and money lenders. I was not aware it was Clinton who was responsible for the 125% mortgages on overpriced property, rather like what went on in the UK and is now starting in another form, albeit under written by the tax payer! What puzzles me though is people in the USA are being given mortgages for overpriced new property when there are so many homeless out of work who could be trained and employed refurbishing all the empty default properties thus providing employment and affordable housing that could if need be rented back to them by the state. As we agree health care should be provided for all as it is a right and not privilege in civilised society. As you point out just like the world over politicians are too busy scoring points on the other side rather than doing the job! Tibbs

I think not,he is sticking by his promise to the people who elected him and the policy he was elected on! The Republicans are the ones who have failed the American ordinary people and it is their policies and their corrupt supporters in Wall Street that have manipulated the markets and helped cause the failure of our banking system by selling it re packaged toxic debt with a five star credit rating ,not to mention going to war based on lies when that beady eyed idiot Bush Jnr was in power! I think Obama should stick to his position otherwise next year will role around and the Republicans will find more reasons not to bring in proper health care for all which is a universal right not a privilege for the rich and if America goes through its credit ceiling good job as it will expose the so called recovery foe what it is just smoke and mirrors based on selling overpriced American bonds! Tibbs

This refusal to pass Obamas budget so the people get what they voted for is costing the USA at least I billion dollar's per day, couldn't this have gone towards healthcare!

It is sad that his Holiness is unable to help us poor lost small investors adrift in the dammed ship EMG with its cargo of old pants, horse ****e steered by Capt Manney who spouted so much promise prior to his coming! Would Father Jack help I wonder? What would he say if asked for an opinion "Feck EMG!" "Feck Manny!" "Feck the analysts!" "Feck the shareholder's!" "Drink!" At last some truth from a man who knows the true facts! Tibbs

Very,very valid comments I agree 100%! I made the mistake of staying in this because I thought Hedge Funds made money in good or bad times and clearly as demonstrated by this one times have changed and they really are not as accurate as a monkey with a pin! Manny thus far has proved to be full of bluff and his team and equipment unfit for purpose and I fear the days of the hedge funds like this are a thing of the past, the markets are run by robots, crooks and politicians a unpredictable and deadly concoction, so unless a miracle happens like the coming of the Messiah or AHL working properly then I shall be selling my remaining EMG at a loss and putting the proceeds into Centamin because I see little hope here which is a great shame! Tibbles

They were once, that was when I should have got out, however AHL responds as quickly as a dead dinosaur and is as much use as a chocolate fireguard since quantitive easing or money printing coupled with political tinkering came along. Experts, forget them they really don't know what to do with charts candle sticks and all the other old tosh, chuck it in the Thames, the city is run by crooks with insider knowledge and robots making millisecond trades, look at the way this rose up to the last results then bang back by 40p, don't tell me that the insiders didn't know what was going to happen and once again the small investors got screwed! I have held this stock for years and firmly believed in it once, however Manny has no more idea than the Pope on how to turn this around and neither do his traders anymore, they are lost I am afraid and so are we at the moment and no I don't have a short on this stock, what I do have is frustration with it because as you say the should be the best! Tibbles

Many years ago I held EMG at £16 and it used to perform well, however what a change in recent years and I realise that they are no more expert at dealing with difficult times than most other brokers and Manny has proved so far as ineffectual as Peter before him at turning this pile of pants into a respectable fund! They carry on tinkering with AHL which follows trends and takes as long as a Dinosaur to respond to change whilst the markets are operating on Nano second principles so time for AHL to become extinct as it is unfit for purpose and rather than being regarded as a flagship fund it should be regarded as a pile of pants fund,! Not much help to us I know so I think best to look for other opportunities' to get some of the losses back because I cant see this improving anytime soon based on recent performance and only wish I had got out when it hit 130p just before a drop of 40p when results were released, perhaps that was a pump and dump? Tibbles