Ethereum, is another one I have looked at for years and it was under $100 5years ago and even in the last year it has tripled but like bitcoin it will also fall but it still give a good entry into a cheaper coin base if someone was wanting to go down that route?
An investment that’s easily hacked or stolen/lost by people, You could buy in now in the hope it reaches $70k again but then it could easily fall to $650. I have watched the big rises over the last 5 years but still not to keen to chance loosing the lot from people who want it more.
Longtimeinvestor, I really don’t know why his is that bothered on selling more than £12300 a year as with the amount of shares he has the dividends alone is more than enough to finish working and have a comfortable life.
Longtimeholder, wrote. “Would you know where you stand with a stock if you had made hundreds of trades on a stock over a 25 year period?”
A friend at work has about £500k in persimmon shares and all bought through the work share scheme over a very long period of time. He wants to start taking money out now as he is 55 but since he has no way of proving his average he can’t take more than £12300 out each year as if he takes more out he has been told he will have to pay capital gains. The government has the onus on the investor to prove their average or suffer the tax bill.
Longtimeinvestor, wrote. “Tax man would say that I have made a £50 profit in the example.”
That’s not really true as I recently put my accounts in and had to get all the correct figures to show my dividends for the year and all my sales. It’s not hard for them to work out your profit using sales and buys. My accountant said once they have an in to know what you are selling they will check to see they aren’t owed tax.
PSK wrote “LTI how do you have an average lower than the 24p it went to?”
If he divides the amount of money he has spent by the amount of shares he owns and that will give his true average. The right timed sales and buys with the same pot obviously reduces his average.
Passrenti, I have a feeling you will be forced to buy back in at a higher price? I know the ftse100 has took a hit which I think is all down to Ukraine and Russia and higher inflation. When you consider a card costs around £1 I can’t see this business suffering much. I mean how many times do people say “it was my birthday and so and so didn’t get me card”. It’s expected thru recessions and times of hard ship that people still buy friends cards as a pound isn’t breaking the bank but a new car is :-)
Hardup, It’s not my logic it’s what the chartist say, also your higher support levels are more of a dream than reality at the moment as we only just breached 55p and that didn’t hold so 60p is a bit away yet.
I have done well sine 2020 but I would of done better if I had picked other shares instead of buying into ones I knew that were still paying dividends, I’m new to investing so only just learned about share isa’s and how trade to make money.
I’m in BP and RDSB and every time someone says there is a gap that needs to close it always gets revisited even when you think it can’t drop that much.
Would be nice to see under 50p, I sold a few at 55.4p and put in card which in turn has risen 4p since I put it in. I was hovering around the sell button today as with the drop in Lloyds I nearly bought back again. I will see how the prices go tomorrow.
Boyobach, Yeah I saw BP over £4 today then there must of been some profit taking. The £4 must be a tough residence to get thru then I think £4.30 is the next one and there will definitely be more profit taking the same as if RDSB gets to about £19.70?