Member Info for Slownsteady

Banbury, re my last reply to your post. I should've said IMHO, DYOR, ATB, GLA. :-)

Great post. I should have clarified. I think you need to declare your losses within 4 years. We can't just assume HMRC will accept set offs against past losses without having notified them of losses first.
But I'm no tax expert. Just my understanding. I'm sure you and others are much more ofay with all this.

Banbury, your call, but you do know that accumulated losses can be offset against future gains?

44/4

I'm afraid you may have your work cut out Pianista. I tried to declare my aggregate "Trading" P/L via their online link, but got an email back saying I had to submit each transaction seperately with evidence uploaded (what evidence was a bit hazy). This was going to be very time consuming.
So I wrote out a schedule detailing every purchase and sale, and sent it to them by letter. (Transaction date, No. of shares bought, price, amount, commission - ditto for shares sold)
A lot of chasing and 5 months later, I asked for, and got a written acknowledgement from HMRC that my submission had been accepted.
Part of the problem was, I had done the same for my wife, but they had scanned both mine and my wife's written submissions under my wife's tax account. So they refused to discuss either of ours over the phone under data protection rules!
Contact your stockbroker if they produce a statement for HMRC purposes at the end of the tax year.

If you do come across anyone mouthing off about Vaccines being a tool of Bill Gates taking over the world, or whatever cuckoo theory their fantasy mind cooks up...
Just tell them - "So I take it you won't be troubling the NHS - funded by me - if you do contract Covid."
That should shut them up.
But I read today only 1% have refused a vaccine when offered it.

Talking of the war, wasn't there a thriving black market in fake ID cards and ration books?
Vaccine certificates show that one is less likely to pick up severe symptoms.. but no less liable to catching and transmitting the disease to others. Which is after all the point.

Tubbs, I like the sound of your portolio with 20 stocks. I'd avoid trading in and out too much.
As ol' Warren says, he wouldn't mind if the stock market closed for ten years as he's buying a piece of a business, and isn't too worried what Mr. Market is offering him at any point in time.
You wouldn't track the price of your house on a daily basis would you? (I hope not!).

Rox, Castle, and everyone else. A serious post.

Please, a word of caution. Putting too much into anything, however undervalued in your opinion, is extremely unwise. Particularly in to Retail. I speak from personal experience.

A decade ago, I chased HMV to its grave and ended up devastating my Portfolio in the process. I won't mention numbers, but if I did you would be shocked. Fortunately, my wife was a brick about the whole thing and merely shrugged her shoulder saying "These things happen".

Thankfully in 2016, several lucky calls -
1. Getting into Mining stocks in April 2016,
2. Cashing out the non Dollar earners on Brexit Referendum day, Jumping back in when prices crashed on R+1 day, while my dollar earners jumped, and
3. Holding my nerve when Trump surprisingly won
resulted in my Portfolio jumping a 100% that year, making back the HMV losses multiple times.

I just had to say this because I have read many posts over the past year from people saying they have "topped up"... "loaded up"... "gone all in"... "unbeatable value" etc etc.

I have learnt the hard way not to be flippant or light when it comes to chasing a stock. I keep each holding within manageable limits on the assumption that - no matter how sound or undervalued - if it goes belly up, the result will be painful, but not disastrous.

Not until the white candlesticks start dancing in a head and shoulders double bottom formation, they won't.

2nd Test starts on Saturday...

Hopefully not! The last time I was on the database years ago, my letterbox was crammed full of regular little brochures (with those irritating drop out leaflets) from every part of the Saga empire. I had to make several calls to stop the flow.
So I now think very carefully before enquiring about a Saga product. Perhaps things are better now with this EU GDPR business. Will still expect a few emails reminding me to take up their "unbeatable" Home Insurance deal.

Well Banbury, I just set up a Home and Contents policy (bells and whistles included) at a quarter the price quoted by Saga. I'd love to do a 3 year fix wiith Saga, but the story is the same every year. The gap is simply too large to ignore.
It's good news as a shareholder if enough people are willing to go with it.

Just did their online Home and Contents 3 year fixed Insurance quote (without all the bells and whistles like Home Emergency cover, legal cover and Specified items etc).
Came out more than twice my current Insurer's (increased by 13% from last year, but with all the bells and whistles) renewal quote!
Thanks but no thanks, SAGA.

43 for 2 now.

England 11/1 as we speak. c 250 runs ahead. Another ascinating Test, after India's brilliant series win Down Under a fortnight ago.

And I have a little surprise for you. It's the Yanks (and Russians in the second) wot won the two Big Wars. Until their arrival, the Europeans were at a stalemate.
And the Brits were on the run in Dunkirk, North Africa, and Singapore to Burma before the Yanks stuck their oar in with ships, tanks, artillery, aircraft, and eventually (when US public opinion allowed) men.

FJG.. Zawahi is doing a great job. Between him, the Business Secretary and the Chancellor, we have some real quality in the Cabinet.
But like you, I don't understand the logic of not having a passport, except on civil libertarian grounds. We could have a situation where shops, pubs, cinemas, sporting venues and restaurants demand that we show our "papieren, bitte" before permitting entry.
I'm guessing whole sections of society may be discriminate against.

Nice one Pianista! :-)
Roxy, your wie must be on a portless cruise...

Frightening. Thanks for your reminder of what's really important to us all. Glad you survived this awful thing. It's so easy to forget how dangerous the virus is. So much online comment saying the risk is minimal.