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      08-06-2011, 03:54 PM   #23
Boyd1963
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Which is probably why it will become junk. Everything the government touches turns to shit.
Yes right! So what would have happened to Lloyds et al if the government had not bailed them out? Financial meltdown.

I think that Southern Cross tells us everything we need to know about what happens when the private sector supplies services that the state should provide

The US economy is f@cked because Bush started two wars and gave tax breaks to large corporations. It's certainly not because of their generous social handouts. Imagine what a nightmare it would be if you lost your job in the USA and then were taken seriously ill. The tea party would no doubt say it was God punishing you!
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      08-06-2011, 04:21 PM   #24
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Lloyd’s shares have crashed the same as all other banks over the last couple of months. Barclays were trading at 330 plus back in the Spring. Now just 186. Not just the banks, but 90% of all other FTSE 100 shares have dived!! Been one disaster after another, Japan earthquake, Middle East unrest, Turkey, Ireland, Portugal, Spain, USA etc
Lloyds wouldn’t have required a bail out if they hadn’t been persuaded by the then Labour government to take on bankrupt HBOS.
Lloyds will survive this crisis, and their shares will recover. With interest rates at just 0.5%. It has to be worth putting your money into shares. Even if you have to sit on them for a year or two you will double your money,
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      08-06-2011, 04:40 PM   #25
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America lookins AAA and what China have said is reslly worrying.

So a least our government have done a good job in keeping our credit rating and perception. Didn't we have one of the biggest deficits?
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      08-07-2011, 07:16 AM   #26
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Fellows

This sure is an interesting thread guys for someone who has heard loads about private trading but has never actually gotten involved....maybe its time for me to get off the fence and try and make some dough!

Any advice on where to start i.e. websites etc, if I want to get involved in this activity???

Would appreciate any heads-up....
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      08-08-2011, 05:23 AM   #27
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Bought a few grand of Lloyds for 34p this morning.
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      08-08-2011, 09:43 AM   #28
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Market has dived so much..



Jeepers...
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      08-08-2011, 09:49 AM   #29
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I'm a natural born cynic and it just seems that buying these shares while they are this low is too good to be true. I don't believe in get rich quick schemes and the fact that these shares being so low is all over the news fills me with even more skepticism about it. I'd be very surprised if the masses of casual buyers snapping these shares up at the moment manage to double their money and don't somehow get stung by the big boys.
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      08-08-2011, 10:02 AM   #30
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      08-08-2011, 10:14 AM   #31
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I'm getting interested in this shares malarkey.
What is declarable to the Inland Revenue?
Are they advised of your income from your broker, or is it done on a self-disclosure basis?

Can a broker pay any liquid funds outside of UK without attracting attention?

How does one open a balance with a broker? Could you, in theory, pay cash in and have them trade with that and thus legitimise a chunk of cash?
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      08-08-2011, 10:24 AM   #32
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Quote:
Originally Posted by sheps View Post
I'm getting interested in this shares malarkey.
What is declarable to the Inland Revenue?
Are they advised of your income from your broker, or is it done on a self-disclosure basis?

Can a broker pay any liquid funds outside of UK without attracting attention?

How does one open a balance with a broker? Could you, in theory, pay cash in and have them trade with that and thus legitimise a chunk of cash?
Are you looking to rinse some of the 'ahem money under the bed Sheps
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      08-08-2011, 10:29 AM   #33
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Quote:
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Are you looking to rinse some of the 'ahem money under the bed Sheps
Theoretically, obviously
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      08-08-2011, 11:08 AM   #34
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Quote:
Originally Posted by sheps View Post
I'm getting interested in this shares malarkey.
What is declarable to the Inland Revenue?
Are they advised of your income from your broker, or is it done on a self-disclosure basis?

Can a broker pay any liquid funds outside of UK without attracting attention?

How does one open a balance with a broker? Could you, in theory, pay cash in and have them trade with that and thus legitimise a chunk of cash?
You declare your income to the tax man yourself. My accountants ask me every year when doing tax returns. You can ask them to trade with legitimate cash, yes, but why not learn the trade yourself and save paying any commission? besides, normal people like us can't exactly do any worse at the moment!
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      08-08-2011, 11:25 AM   #35
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Do you pay a full 40% on any profit? Or is it at a reduced rate? seems a bit unfair, given you're risking income on which you've already paid income tax to then pay full rate again on something that definitely isn't a sure thing.
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      08-08-2011, 11:44 AM   #36
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Quote:
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Do you pay a full 40% on any profit? Or is it at a reduced rate? seems a bit unfair, given you're risking income on which you've already paid income tax to then pay full rate again on something that definitely isn't a sure thing.
Profit on share deals are subject to Capital Gains Tax at 18% or 28% (higher rate tax payers). You also have a £10500ish per year CGT allowance before you pay tax. Dividends, however, are counted as income and subject to tax at your prevailing rate.
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      08-08-2011, 12:43 PM   #37
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My stocks are down12% and I don't think we've seen the end yet. Aaarghhhh
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      08-08-2011, 12:51 PM   #38
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My portfolio is down £16k in the last week alone. It's only a paper loss as I am not selling a single share until the markets get back to normal.

Still not good to see £3k losses every day though.
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      08-08-2011, 01:13 PM   #39
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Maybe next week to buy banks once trouble settles down
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      08-08-2011, 01:37 PM   #40
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It may counter intuitive, but if you have investments and are a regular (monthly) saver with a long term financial goals (ie Pension) then these sort of stockmarket fluctuations are a good thing. You will be buying new stock at much lower prices, and the mechanism of pound cost averaging will average out the peaks and troughs over time.

After the crash/crisis of 2008, it only took stock markets about 18 months to recover lost ground, and the FTSE100 and other indices went up by 40% over the last couple of years or so.

It doesn't help the nerves though when you check up on your portfolio and it has dipped 12% in just a couple of weeks! As for bank shares, I want to dive in a buy BARC and RBS, head says NOOOOO. Predicting the bottom is a complete lottery.
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      08-08-2011, 02:22 PM   #41
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It may counter intuitive, but if you have investments and are a regular (monthly) saver with a long term financial goals (ie Pension) then these sort of stockmarket fluctuations are a good thing. You will be buying new stock at much lower prices, and the mechanism of pound cost averaging will average out the peaks and troughs over time.

After the crash/crisis of 2008, it only took stock markets about 18 months to recover lost ground, and the FTSE100 and other indices went up by 40% over the last couple of years or so.

It doesn't help the nerves though when you check up on your portfolio and it has dipped 12% in just a couple of weeks! As for bank shares, I want to dive in a buy BARC and RBS, head says NOOOOO. Predicting the bottom is a complete lottery.
The "bottom" will be nationalisation so I'd be wary of the banks. (Meltdown scenario obviously)
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      08-09-2011, 04:23 AM   #42
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Well Lloyds hit 30p this morning. I scraped up my last £4k. Plus £5k last week, thats no money left for me!!! Got my avarages down a little, but still £22k down on Lloyds at current price
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      08-09-2011, 07:18 AM   #43
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Well Lloyds hit 30p this morning. I scraped up my last £4k. Plus £5k last week, thats no money left for me!!! Got my avarages down a little, but still £22k down on Lloyds at current price
£22K down on one share!
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      08-09-2011, 07:27 AM   #44
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£22K down on one share!
I know.. I got 150000 shares in Lloyds.. Crying my self to sleep at night at the moment, but they will recover!! No pain no gain.. It's all profit any way!!
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