Inoperational Bumblebee

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About Inoperational Bumblebee

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  1. Just looks like a straight-up unleveraged GBPUSD long i.e. equivalent of holding cash. I did! Similar reasons. My excessive exposure to miners and crypto is actually what's keeping my portfolio relatively stable at the moment, despite the wild volatility of both. I've seen overall weekly fluctuations of 4% at most even with the brutal drops in stuff like VOD and CNA. Took profits on some BTC thankfully; for those who follow prices I had various sells around $11-12k, and managed to pick some back up at $9.5k. A quick 20% profit if denominated in BTC. I now consider myself in between. Enough invested that it's worth holding on (as it could actually be life-changing in a relatively short timespan), but not enough to sell out now as a) I don't know what I feel comfortable getting rid of, and b) I'm hoping there's a lot more upside to come.
  2. Thanks for the pep talks folks. Some of them, but a lot of it is the run up in crypto and the miners!
  3. Anyone else feeling a touch of remorse they didn't sell their miners yesterday? I know I need to hold fast but my portfolio has seen a bit of a dent today, somewhat exacerbated by crypto dropping too. I might need to dial back my risk level a bit as it appears crypto and miners combined are just over 40%.
  4. I was at a wedding and some bloke asked if he could feel my wife's arse as it looked so good. Seemed a bit odd to ask me rather than her, seeing as she was standing there. I said ask her! She agreed. I was flattered. In retrospect, it was unconventional.
  5. TINA, DYOR, etc. Longer term, only BTC is proven IMO. It currently comprises 90%+ of my crypto holdings. It was as low as 60% at one point but the current environment seems to be heavily BTC-focused. I like Bitstamp. They have been around the longest, do what I need them to do, have good rates, and only deal with a few currencies, which I believe they do well. Luxemburg based I believe. Paper (generated on an air-gapped computer), or Ledger (purchased direct) wallets are what I've gone with. Ideally, store your seed in hard copy offline. I've bought some stainless steel (fireproof...) credit card blanks to electro-etch my seeds onto, but not got round to it yet. Trezor hardware wallets are also well thought of. Don't store your investment on exchange, but that's a necessary evil if you trade. 80% of mine is off-exchange. If sending crypto, triple check the destination address. I've lost cash more than once this way. Avoid online address to QR code generators. Remember all transactions can be linked to a specific address, so might be worth keeping multiple wallets if you value security/privacy. Also worth keeping multiple wallets for different levels of mental security if you actually use it i.e. one for savings, one for 'bank account', one for spending, and top each up as required. Never put your private key or seed into anywhere online. [EDIT: a common refrain is "not your keys, not your crypto". Treat it like physical cash that everyone can see and you won't go far wrong...]
  6. I may be wrong, but doesn't the 'daily' aspect of LPLA means it resets daily i.e. you aren't getting the benefit of accumulated gains, but get the crappiness of daily drops doubled? I've deliberately stayed away from these for that reason, in that I don't have time to do stuff on a daily basis. Don't take that as a recommendation of it being a good time to sell them - I sold the ITPS as I wanted the cash for other things that I thought were a good time to buy! I was about 13% up on them but am still holding some.
  7. Yesterday I sold two-thirds of my ITPS, and put some of it into MOS and SDF. Nothing going for them other than they look like they've hit a support level and they seem to know what they are doing. I wouldn't mind some Nutrien too, but not buying at this level. My portfolio is mainly spray and pray, with a little TA. It's done me rather well so far as mentioned previously! One sector I've been keeping an eye on is industrial gases, namely Air Products and Linde for their helium exposure. There is a finite amount of helium on the planet and there are a number of applications that only liquid helium will do the job for, and I don't think those applications are going away too soon. I've read that if helium was priced according to market forces rather than being suppressed by the US helium supply laws, a party balloon would cost about £30. Unfortunately for me, APD just keeps going up. In a bust I'll be buying a chunk.
  8. Never regret taking a profit! You don't know the future, and research suggests you feel a loss twice as hard as the same amount gained (though I may have phrased that wrong). It's the greed vs fear balance. The psychology of investing is very important. You need to know when to not do something as well as when to do something. It's also important to have a plan that you actually keep to i.e. take profits. I saw BTC go up to $20k and all the way back down again. The drop in my portfolio size was a year's wages. It certainly won't be a fruitless exercise if you can increase your wealth. What's your ultimate aim for the money? Sorry if I missed that. If it's all you can afford, then it's all you can afford. Surely it's better to increase whatever you do have? I can see two positive ways of looking at it: 1 - if it's difficult to save larger amounts, then this is already an 'important amount' relative to your income/lifestyle/blah. Don't measure yourself against others. You ain't paying for them. or 2 - if this is small change to you but you can't alter your income or outgoings and you don't need this money at all (due to job stability, etc.), you might feel more comfortable going much higher risk with it, with a potential bigger pay-off. I suspect this is much less likely than 1. It's certainly more gambling than investing. If 'gambling' tempts you and you're unable to stop yourself, limit it to a fixed amount. If you blow it, it's gone. Leave the investments to do their thing. FWIW, when I first started it felt like a hard slog. Through various good luck (happy to share details via PM if interested) I've accrued about 2 years wages in my portfolio. Probably laughable to some here, but I'm a family man of 39 who can't really put much away. Your good luck may well be getting into PMs or inflation stocks because of this thread. Or something completely different. You really have no idea how things will go in the future, but the point is that you now have actual skin in the game, and that you started in the first place. Keep going. You can only succeed if you try.
  9. Aren't knobblies lower pressure than standard road tyres? I was under the impression that correctly inflated road tyres (i.e. higher pressure than knobblies) helped prevent them picking up spiky stuff as there was less deformity for them to poke into.
  10. You've got to start somewhere! I started four or five years ago after working out what my outgoings where and stopped buying so much crap, putting what I could afford away each month. You might find you catch things at the right time by accident (or on purpose!) e.g. PM miners mentioned here, crypto, etc. If you don't, then adding a bit each month to assets that are themselves generating income will snowball over time. There are also unexpected windfalls! You can also either try to increase your income, reduce your outgoings, or both. TINA, DYOR, but I'd be going for boring dividend stocks that didn't dip as much as the rest around 2008. With maybe a few quid here and there into high risk stuff like GDXJ or bitcoin. I sold out too early too (it's up 23.7% since then...) but it went into stuff like Endeavour which is now up more than that. Interestingly, my whole portfolio is also up 23% since then.
  11. I didn't read it at the time, and still haven't, but I recall this Bank of England report suggested wages for the lower paid had been suppressed: https://www.bankofengland.co.uk/working-paper/2015/the-impact-of-immigration-on-occupational-wages-evidence-from-britain
  12. I didn't hear something my wife told me the other day, and she asked how the fuck was that her fault.
  13. They don't have to buy on exchange, ergo it won't affect the price. Confiscations are going to be the easiest way to accumulate. An old article, but do the maths at current prices! https://www.wired.com/2013/12/fbi-wallet/
  14. Unsure to be honest, but my trading stack is in crypto rather than cash for the immediate future. Google searches for bitcoin haven't massively increased this time so it's suggested this is actually institutional money coming in. As such, it may continue to be a steady flow.