RE: Budget28 Oct 2024 09:27
BLU BORE, never said I was expecting sell off or not. I said what I think about the Budget, that I didn't think she would pull the trigger on AIM shares, but it is a fairly close call. And that I am mitigating my own personal risk to it. Also said so being open about selling and not saying after the event.
What happens on Wednesday is already decided. No newspaper articles either way make any difference. I did say that ALL governments like to some leak bad news before Budgets to prepare the people. Way Politicians operate. That is why we all know that they are raising NI for employers, at least. The fine details to be released. As for Business Relief for AIM shares it is a fact it has been out there for some time. Yes, leaked. I do think she didn't make up her mind until quite late in the day and it is hard to call. It is basically The City lobbying v an easy 1,1 Billion and a few peed off holders.
Heads she leaves it and all is fine and perhaps be more money coming back into market because without doubt it has dried up over last couple months while plenty sit on side-lines, Company values increase as does SP.
Tails she does it and whole AIM market drops, see estimates yourself, which in itself might lead to bargains.
For me, I reckon got the time to get back in before any "significant" RNS. I can get back in straight after Budget without any great effect to Portfolio because doubt miss out on any rises. IF she leaves us alone. IF, not then I take a day or 2 to assess and still likely time to get back in for RNS. Happy with my decision and nothing more to say on it.