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SpectrumFX last won the day on October 20 2017

SpectrumFX had the most liked content!

About SpectrumFX

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    HPC Vetran

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  1. Yeah, you've got to have a plan, otherwise you'll just get caught up in emotion and buy and sell all over the place. When you buy a stock you should have a pretty good idea why you're buying it, and what conditions would cause you to sell it. If you're stock picking, then you'll basically be trying to buy when the market is undervaluing a stock, and sell when the market is overvaluing it. If you can work out a reliable way of working that out, then please let me know. I very rarely buy and even more rarely sell individual socks. I'm mostly in index funds, which I rebalance occasionally to give me something to keep me busy.
  2. The Americans are giving RBS a kicking for all their mortgage fraud back in the day. https://www.justice.gov/usao-ma/pr/royal-bank-scotland-agrees-pay-49-billion-financial-crisis-era-misconduct BOSTON – The U.S. Attorney’s Office in Massachusetts announced a $4.9 billion settlement with The Royal Bank of Scotland Group plc (RBS Group) resolving federal civil claims that RBS Group’s subsidiaries in the United States (RBS) misled investors in the underwriting and issuing of residential mortgage-backed securities (RMBS) between 2005 and 2008. The penalty is the largest imposed by the Justice Department for financial crisis-era misconduct at a single entity under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, which allows the Justice Department to seek civil penalties for violations of criminal statutes.
  3. It's odd this idea some people have, that you have to be something to act it. It's kind of the point of acting that you're just pretending
  4. SpectrumFX

    Travels in trumpland

  5. SpectrumFX

    Uranium - huge potential?

    Through a broker. I've got a stocks and shares ISA with Hargreaves Lansdown which is where I do all my share dealing. Cameco is a Canadian firm, so they'll make you complete a W-8BEN form, which is a tax compliance thing, before you can trade it. That's not a difficult thing to do, it just confirms your tax status for trading US and Canadian shares. If you don't already have a broker, then presumably you don't already own any shares? If so, a uranium miner is a fairly esoteric first investment! I'm not saying don't buy it (I still own the shares I bought before, and I'm not planning on selling anytime soon), but be aware that it's a fairly risky thing to buy so proceed with caution. I own it as a small part of a portfolio that also has lots of boring and safe stuff in too, to balance the risk.
  6. SpectrumFX

    Never, ever take responsibility. For anything.

    Government dietary advice is bollocks. Most food is processed shit filled with ingredients selected based upon lowest cost, longest shelf life rather than nutritional value. To cut his weight he'll be told to eat more carbs and avoid saturated fat, which is terrible advice. The poor fucker weighs more than I do, and nobody's going to help him.
  7. SpectrumFX

    Deluded Old Scrapper Birds On Dating Sites

    Yeah. Total sausage party.
  8. SpectrumFX

    Who is America

    It was always that. It's funny when it's pricking the pomposity of people who should know better, but fall for it anyway. Otherwise not so much.
  9. SpectrumFX

    Total Novice needs some advice

    Probably. There are occasionally massive crashes. The trick is to have an actual strategy that deals with that rather than just hoping that you'll get lucky. If you do it right, them the dips become a buying opportunity that actually leaves you better off in the long run. You come across as a low risk type of guy, so if you're going to invest then I'd suggest that you look at "value investing". This approach assumes that a crash will happen but deals with it by having a balanced portfolio, that you rebalance in response to events, rather than a portfolio that you structure to try to anticipate events in the short to medium term. Read this if you want to know more about value investing: https://www.amazon.co.uk/Intelligent-Investor-Definitive-Investing-Practical/dp/0060555661/ref=sr_1_1?s=books&ie=UTF8&qid=1534006380&sr=1-1&keywords=intelligent+investor+benjamin+graham The other viable approach is to actually plan for what you think is going to happen, and invest accordingly in targeted shares. The boys over on Durhamborn's thread are all overall this approach, and churning out share tips like there's no tomorrow. This ways more risky - much more risky - but if it pans out for you can get you rich much quicker.
  10. SpectrumFX

    How Rich Are DOSBODSers

    Pensions is difficult. I've got a bunch of old final salary ones. They kick in from 60 to 65 and will end up paying me about £650 a month by current estimates. Any value on that is pretty much a guess. I've already had the inflation uplift on them switched from RPI to CPI. Retrospectively on one of the earliest ones.
  11. SpectrumFX

    How Rich Are DOSBODSers

    This one's my favourite.
  12. SpectrumFX

    Amazon Tax..

    I don't have a computer.
  13. SpectrumFX

    Aquatic Apes R Us

    IIRC this theory was also mentioned in one of the Desmond Morris TV adaptations 20 odd years ago. I certainly became aware of it around that time, as I was doing A level biology then, and I remember asking my biology teacher about it. She'd never heard of it. I met Elaine Morgan once. She gave a talk at Cardiff University. My wife bought a copy of the Descent of Woman for her to sign.. She should have talked to me about it first, as I had a first edition in the house she could have had.
  14. SpectrumFX

    Carnivore diet