Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Well sister, you asked matt why he wanted to know what shares you hold, but matt never asked that I did.
I've never been inside IG's office, seen it on the television once or twice but that's about it.
Not bad, figures seem to suggest what IG was expecting around 10% down.
I notice US up and share dealing up considerably.
If share dealing keeps growing like that it could become a big part of the business in the future.
I notice milton picked up 5% in yesterday's rns,that’s a decent sized buy.
"Two questions for you matty, why would such an articulate, genius trader/investor as yourself, (whom claims always to be in the winning 21% and never lose), want to know what stocks an old numpty is invested in? I dont know if to be bemused or elated.
My second question is, why are you so concerned regarding what I may or may not know regarding IG Index? Surely a numpty like me could not possibly have anything over such a great ethical company could they?"
I think you are loosing the plot a bit sister 8.
I asked what you invest in that is better than IG, this is the IG board and you seem to bang on about how bad this company is and I look at your posting history expecting a plethora of fantastic investments, to just see San Leon energy.
A mediocre small oil company and nothing else.
It's hard to listen to investment chatter and take it seriously if the person banging the "this is a bad investment" drum has very little breadth of investment based on past posting history.
If you truly do have something on IG, instead of spouting off little snippets of hearsay on the boards wouldn't you be better off bringing it up with IG or your solicitor.
If you have some gripe with IG, there are better ways to deal with it than going on BB's and spouting off.
IG did go down for a few days as you say, so did the markets.
Update here soon I think, that's what matters
Sister 8 how come you haven't shared with us your conspiracy theory about IG index and San Leon energy.
It seems interesting.
What is your investment strategy Sister 8, what companies do you invest in that are better than IG index, I'm not interested in San Leon so what do you have that's better.
Not bad ,pretty solid.
Notice no indication on LSE for RNS today.
There are two.
One for goshawk and a BT contract.
The last time Bitcoin had dramatic moments IG did well also. Bitcoin seems popular with traders
https://uk.finance.yahoo.com/news/amid-cryptocurrency-bloodbath-time-give-retail-investor-161724020.html
Bitcoin's yet another plunge this week strengthens its critics' call that it's the 'mother' of all bubbles as UK survey reveals Brits are circumspect of cryptocurrency investments.
Oops wrong board
The last time that we had dramatic swings in bitcoin, IG did well.
https://uk.finance.yahoo.com/news/amid-cryptocurrency-bloodbath-time-give-retail-investor-161724020.html
Bitcoin's yet another plunge this week strengthens its critics' call that it's the 'mother' of all bubbles as UK survey reveals Brits are circumspect of cryptocurrency investments.
The trouble is sister, we have had the biggest bull market for a long time. And IG is the go to platform for shorting in my opinion. Shorting in a rising market is difficult for anyone to make money.
I am sure plenty of people have lost money on short etfs and lots of other products like this as well.
If the government and the courts allowed people who loose money on the markets to sue and win then the whole system will eventually fail.
It won't just stop at IG.
Anyone who has been wined and dined by any fund manager and then gone on to lose money will be at risk.
So I think your wrong.
And more importantly the market thinks your wrong too.
Yesterday another rise in the share price.
Now if this was a ticking time bomb I am certain the clever folks in the city would have shorted this to £3 by now.
If your hoping to make money shorting IG good luck, but the update shortly might blow your plan right out.
I noticed that fund only reduced a little probably taking some big profits.
But they would have closed there position completely they thought disaster was immanent.
IG are a responsible company and I am sure if any individuals did treat customers poorly they will have been dealt with promptly and properly.
The trouble is, if this case has been paid off, it will have a none disclosure clause, so nothing can or will get leaked or it will be pounced on by the lawyers.
It seems a bit of a none event really.
Massive jump in NAV!
I agree rimmer, Apple does move fast for a big company. I think it gets traded so heavily like you say short and long trades.
Apple has had a good run of late and its hard to find a good entry point at the moment.
I've owned my Apple shares since Tim Cook took over and sold none.
I don't know how much Berkshire and Warren Buffet intend to buy.
If he wants to take the holding up to 20% like some of the other big company holdings they have a long way to go.
Lol, not surprisingly I didn't notice that.
I don't mind people pulling my spelling up really as it probably sticks out like a saw thumb when you know.
In fact after it was pointed out to me when I re read the post it annoyes me.
But as I have been pulled up for my spelling all my life I have robust but polite replies.
There were no lies in my reply.
I'm 43 now, I got made redundant 7 years ago I own 4 houses outright 3 are let out and I spend most of my time watching and trading shares.
I have bought shares since I was a teenager, and first had shares in my parents name with my initials on (in other words care of) and they were paper share certificates.
Owning share certificates were the only way I could obtain a certificate really as there were no concessions in exams for dyslexics like now, and poor short term memory makes passing tests rather difficult.
Err, I don't get it?
Please explain yourself?
I don't think anything I have said calls for that kind of reply
Threeputt: Well I'm dyslexic so the chances of me learning that it's lose and not loose are very slim.
I also struggle with there and their and quite a few other things.
But dyslexics tend to be good investors and entrepreneurs so I managed to semi retire in my thirtys.
One thing I do know is it doesn't matter if I spell it profit or prophet my bank balance still goes up.
"Whilst a total ban on spread betting may be some way off, I would not rule out a blanket ban on short seliing in the near future, what then matt, who going to lay what off with who?"
A blanket ban on short selling!
Well that just made me laugh.
The trouble is short selling can be used as an insurance against market falls, and just as other insurance products most people loose out unless the unfortunate thing happens, but insurance is essential in some instances, and the products IG sell can be used in risk management.
How many people who buy house insurance loose money each year?
It's probably a massive percentage, but people still buy it.
How many current account holders loose money, its a guaranteed loss, I would Say 100% of current account customers loose money.
Same with life insurance, people pay in more than is paid out.
All these products won't be banned, and if used correctly can mitigate risk.
Just like short selling and other products IG sell.
How many people who invest in Aim shares loose money?
How many actively managed fund beat the index?
None of these are banned and none will be.
IG has many new areas in the world markets to break into.
And as IG have operated from 1975 and has changed to new markets and new regulations along the way, it will continue to do that.
The American Market could be huge for IG.
So you trying to predict a gloomy future could be completely wrong.
And working around New rules is what financial companies are best at.
So IG could still have a bright future, back to growth 2019 doesn't sound to bad to me.
I think it's the upcoming trading update driving the share price.
Any good news tends to be leaked on this company from my observations on previous reports.
I think short term traders in general loose money, a big percentage of day traders loose money.
And IG's platform probably serves more day traders than most.
Anyway, it seems anticipation of the upcoming trading update seems to be giving the share price a jolt.
Maybe some details have been leaking as always seems to happen with news surrounding IG.
"ESMA said certain longer-dated binary options would be excluded from the renewed ban. (Reporting by Lawrence White; Edited by Mark Potter)"
Binary options ban is extended for a further 3 months, but it seems certain longer dated stuff is exempt, as above taken from RNS