Member Info for NICKTIMS

Fleccy, Thank you for your reply.

On the 19th October 1987 I was a senior dealer in Stocks & Shares. Even the good shares fall. Examine the graphs of stock market crashes, then compare share prices in the FTSE. During Covid, I bought like a mad person, it paid off well. Buffet is a far smarter man than I will ever be, however, he has continuity over a long long period of time. Cash is always King during such a scenario. Timing is always difficult, patience is even more challenging. I shall leave you with the words of Lord Rothchild "Always Leave A Little More For Someone Else" Good luck.

Hi Fleccy,

I am adopting the Warren Buffet method. He has been selling shares for sometime, and, transferring the cash to T Bills (USA treasury bills). This enables security of the cash whilst receiving a yield (i.e. interest) on the capital.

In my instance, most of SHARES ISA have been sold and transferred to cash ISA's split between banks and building society ISA'S, ensuring the £85K maximum is not breached. The daily mail money column will give you up to date rates.

Not everyone is aware that selling share ISA's can be transferred to cash ISA's.

Similar to Buffet, I am maintaining my original cash sum in a safe haven, ensuring a yield. At a later date, there is no hurry, I can do the complete opposite.

Good luck with your investment decisions.

WaccyBaccy

Minimum cost of supporting ILLEGAL IMMIGRANTS not working, cost of supporting illegal immigrant children e.g. schools/support/free meals, extra health costs e.g. doctors, hospitals, dentists, benefits for food/clothes, rent/housing/council tax, adult education, interpreters, additional border force to collect persons in the channel, office staff to process the “irregular” migrants. Indeed the hotel costs of £8.2 million/day is quite trivial. Properties have been purchased by councils, however, an FOI (Freedom Of Information) is refused by the IC (Information Commissioner) in fear of causing further riots. I apologise in advance for missing out many other costs. Remember to multiply these costs over a number of years.

120,000 crimes committed by foreign nationals last year alone

10,500 foreign nationals in prison.

I may have missed some items out for which I apologise.

Waccybaccy, thank you for your question.

In the following ways:-

1. The top 1% of the rich pay 28% of all taxes. The Labour policy of taxing Non Doms and other filthy rich people forces them to leave to countries which don't treat them in the way we do. 11,000 left last year (the second highest in the world, China in number one place). 16,500 are expected to leave this year. Donald Trump correctly stated low taxes ensure the success of a country (people have more to spend).

2. 50,000 businesses are now on red alert status, due to excessively high business taxes, higher National Insurance contributions for employees, inflation beating increases on the minimum wage. Such businesses are on the brink of bankruptcy. Already Sainsbury's have laid off 3,000 workers, The National Trust sacking 550 staff together with countless other companies. Not very smart thinking.

3. Scrap Net Zero. We pay 400% more in electricity prices than other major developed countries, business cannot afford this! It will take 25-30 years to gradually get to net zero.

4. The North Sea producers pay 78% tax on production. There is no point in investing in the North Sea, the risks are far far to high with little reward for investor. This will cost 30,0000 jobs directly, and, 150,000 jobs indirectly I.e. those supporting roles. We now have to import our gas from abroad affecting out BOP (balance of payments). Dangerously irresponsible.

5. Leave the ECHR (European Court of Human Rights). Each illegal immigrants crossing the Channel costs the taxpayer £1 million (over a 20 year period inclusive of inflation).

I could go on, however, this is just a taster.

BT being the very last share I own, now 100% out of the market, apart from a small gambling, speculative oil stock for fun! I have little faith in the UK government, everything they do is wrong, destroying jobs, destroying businesses too. One day I shall return, however, in the meantime, I wish all investors every success and good fortune. Good luck to you all. Tip of the day, watch the 10 year and 30 year gilts, they say so much about the state of our economy, indeed the yield is higher than the short rule of PM Liz Truss.

I have only received the dividend. Should be in the account by the end of the month. IG now pay interest of 4.5% so this is very good! This investment has proved to be a good one!

An informative write up worth a read inclusive of GSK.

https://www.msn.com/en-gb/money/other/big-pharma-holds-its-breath-as-trump-plots-his-revenge/ar-AA1CPyNX?ocid=msedgdhp&pc=U531&cvid=2be7cae2a28b42f0a8f4512b4c7f1a21&ei=20

I am very positive on GSK, albeit, there may be some pain in the short term.

GSK as pointed out by Winstanley are building a plant in the sum of $800 million in the USA. Further news of other companies following the lead include the following.

https://www.msn.com/en-gb/news/world/tech-giants-flee-china-as-trump-intensifies-tariff-war/ar-AA1CPoCl?ocid=msedgntp&pc=DCTE&cvid=5b7acd4c20e54b6a952257151c48c930&ei=16

Inflationary in my humble opinion, however the story unfolds further.

Winstanley, no hard feelings at all! It is important to listen to other views. At 19 years of age I knew I knew it all. In my 60's I appreciate there is a hell of a lot more to learn. StevieWonder has taught me "The Don" only earns $1/year as president of the USA, he gives away his entire earnings! The $1/year he has to take for legal reasons. I holiday in Pembrokeshire every September. The Weather is usually appalling (a little bit like the stock market at the moment), nevertheless I shall be back again!

WINSTANLEY, good morning and thank you for your reply. In the UK bankruptcy is a dirty word, it suggests failure. In America risk taking is encouraged. Please remember, Trump didn't lose his money, it belonged to someone else, the risk takers, just like the stock market. As an investor, your job is to asses the risk/reward/timing. I am currently out of the market, however, my list of shares to buy includes GSK. Happy investing and good luck.

Winstanley, I don't like Trump nor Musk, however, both are number one choices. They are exceptionally experienced business leaders, and, they know how to win in the medium term. They know how to peacefully force an issue e.g. encouraging other NATO countries to increase spending. Both are generally ten steps ahead. I am smart enough to know that I am not as smart as them; if it were a game of chess, I would have lost the game after moving my first pawn. Business is never short term thinking.

I am selling the lot, have done very well with dividends and a healthy capital gain. Everyone is in a different position pertaining purchase price. I am glad to be getting out of the market for the time being. If things continue on their downward path, I shall be back in. Good luck to you all.

Winstanley, I need to strongly disagree with you! There are pluses an minuses in every decision. We are far better off outside the EU. The EU is a protection racket e.g. if the UK wanted to buy butter/milk/cheese outside the EU, then there would be a 40% TARIFF!

Brexit saved thousands of lives! During Covid, whilst the EU was arguing among themselves, the UK signed sufficient contracts for X3 shots for everyone in the UK. Countries and business need to be nimble.

The latest example is TARIFFS. UK 10% - EU double that figure.

Steviewonder77 - The following article details the impact of drug company tariffs far better than me.

https://www.pharmafocuseurope.com/articles/impact-of-tariffs-on-pharmaceutical-industry

I agree earnings are an important factor. GSK is a great company. Having sold 90% of my entire portfolio last November, I shall return in due course.

Trump wished to have special tariffs on drug companies unless they move back the the USA. The market does not like uncertainty.

Steviewonder77 - The problem with NATO being Europe and the UK were not paying enough when compared to GDP. The USA understandably wanted ALL countries to invest in defense and not rely on the USA. I don't like what Trump is doing, however, he has made the right move. Another 20% fall and I shall start drip buying a number of stocks.

PORCHE 1946. I agree with you entirely. These problems shall be ongoing for sometime. In September I sold 90% of my portfolio and went into cash, the market seemed overvalued. At below £10 I shall come back and buy in.

I have had an account with IG for over thirty years, initially when they were just a spread betting firm. You now receive interest at 4.5% on cash balances too! This will of course have an effect on profit, you don't get something for nothing. Having sold all of my shares, likewise, liquidating my portfolio I am sitting on the sidelines until things on world markets go into reverse.

One of the biggest problems encountered being, the money; this has now been solved. Sometime ago, there were few rigs available, this has now changed for the better. I believe this is the year for drilling, and, I am looking forward to attending the AGM. A highly speculative share, with potentially high returns. Remember the wise words of Warren Buffet "The only way to avoid making a loss is to make a profit". Good luck to all.

Is this link from North Korea or Russia?