Credit deflation and the reflation cycle to come (part 3)

[DurhamBorn]

 

2 minutes ago, Paulie said:

Any thoughts on buying into uranium?  Global X etf (US based) hasn't supplied paperwork for sale in the UK. Don't seem to be too many others,  and I don't fancy taking delivery of a truckload. Large miners seem somewhat diluted when chasing this metal.

EU cost me a large sum with their cry KIDD rules as i used the ETF several times over the years.I would of thought we would of rolled them back,but i guess Boris's squeeze wants the capital for green bonds at negative real rates.

[M S E Refugee]

42 minutes ago, Heart's Ease said:

 

You were saying...

Boris is as crackers as the Philippines President.

[geordie_lurch]

Just now, M S E Refugee said:

Boris is as crackers compromised as the Philippines President.

FTFY

[Bricormortis]

https://www.msn.com/en-gb/news/uknews/boris-johnson-strikes-400m-deal-with-bill-gates-to-boost-green-technology/ar-AAPHoUK?ocid=msedgntp

Boris has done a deal with Bill Gates re financing green technology. In the Guardian to day minus any meaningful detail.

Seperately there is a piece in the Evening Standard saying Boris's net zero plan involves " unlocking " 90 billion of private investment by 2030.  Like we have been saying.

[23rdian]

4 hours ago, JimmyTheBruce said:

I cant say much bad about Interactive Investor.  Probably only the forex rates that piss me off.  I don't use any of their analysis tools or anything and for execution they're fine.  Fees are competitive and if you use their regular investment feature you get to trade for "free"....

 

 

 

 

 

 

And I get 200 quid if you'd like to PM me for a reference code after me being so helpful 😉

The only other thing that annoys me with them is I don't get the free trade credit on the 1st of the month. Don't know if is based on your sign-up date with them? Or it's the same for everyone?

EDIT: Oh and the change management of their app is shocking. I am having to use the beta one just to not have it crash out on me each time.

[Transistor Man]

54 minutes ago, Paulie said:

Any thoughts on buying into uranium?  Global X etf (US based) hasn't supplied paperwork for sale in the UK. Don't seem to be too many others,  and I don't fancy taking delivery of a truckload. Large miners seem somewhat diluted when chasing this metal.

Have you looked at Geiger Counter Ltd?

[Harley]

5 hours ago, Talking Monkey said:

Who would you say are the frontrunners now Harley

Interactive Investors have improved their service.  You still get crap answers to questions (like several others) but at least the escalation has worked and apologies have been forthcoming which I look on well.  I like the ability to hold multiple currencies in a SIPP (HRMC does not allow this in any ISA) so you could save a load over HL if you like to trade overseas markets.  They also offer proper access to several overseas exchanges HL don't.  They maybe more expensive than HL so it largely comes down to what you trade.  The HL service levels are IME so bad anyone would look better. 

Frank Hovis has also mentioned the Vanguard SIPP as being really cheap but you are limited to Vanguard products.  I like many Vanguard ETFs though.

AJ Bell do well but they do not offer international access and I don't know about multi currency SIPP accounts.  Like several others, they say they offer overseas shares but these are mainly a few LSE based CDIs.  They provide decent research and a competent interface.  Quite cheap too.

Saxobank also offer multi currency accounts and good overseas exchange access but can be a bit expensive and not all exchange stocks are tradeable (you have to ask them to add them to their list!).

The best outside of a tax wrapper for me is Interactive Brokers even if the interface is odd (but the app is good).  The ultimate in functionality, instruments, research, and low fees.  Apparently they offer a SIPP but I know nothing and it sounds like a specialist (read high asset value) job.  I believe someone here has one.

I also rate Degiro as having a good interface and access to the Nordics (IB don't) but cumbersome funding/withdrawals.

Other contenders include IG and TradeView(?) but I know nothing about them as they did not meet my requirements at the outset.

DYOR.  I summarised everything on a spreadsheet to help me decide given my investing requirements.  My partner and I have a few accounts to spread risk, although several provide fee incentives to use them for everything.

[Harley]

1 hour ago, Paulie said:

Any thoughts on buying into uranium?  Global X etf (US based) hasn't supplied paperwork for sale in the UK. Don't seem to be too many others,  and I don't fancy taking delivery of a truckload. Large miners seem somewhat diluted when chasing this metal.

I'm in with the Geiger fund and Sprott Uranium fund.  One is miners and the other is the physical.  They've done well.  I'm also looking at a few individual miners atm.

[Harley]

1 hour ago, Heart's Ease said:

 

You were saying...

Look at him trying to be all Churchillian.  Pathetic.

[Noallegiance]

1 hour ago, Heart's Ease said:

 

You were saying...

A few thoughts on this. Any, all or none could apply.

It's a 'keep credit flowing' policy.

 

a) He thinks the money taps and the markets they feed aren't broken and there's much more to come

b) It's a policy based upon the last 40 years of "yeah just borrow"

c) He knows that (nominally) lending against houses will decrease so wants things to offset that a little

d) It's an artificial green jobs boost for manufacturing and building that's funded by end-user borrowing

 

As some have previously said; money doesn't get destroyed, just moves from one area to another.

[Loki]

59 minutes ago, Bricormortis said:

" unlocking " 90 billion of private

I don't like the sound of that

[MrXxxx]

40 minutes ago, Harley said:

Like several others, they say they offer overseas shares but these are mainly a few LSE based CDIs

Anyone care to explain the advantages/disadvantages of CDI's over normal shares?

[UnconventionalWisdom]

10 hours ago, wherebee said:

forgive my stupidity, but is graphene dug, made, or grown?

Grab some graphite and stick sellotape on it to remove layers, repeat and then win a Nobel prize! 

 

[HousePriceMania]

1 minute ago, UnconventionalWisdom said:

Grab some graphite and stick sellotape on it to remove layers, repeat and then win a Nobel prize! 

 

I did that with a piece of glass once and I ended up with ...

[Talking Monkey]

1 hour ago, Harley said:

Interactive Investors have improved their service.  You still get crap answers to questions (like several others) but at least the escalation has worked and apologies have been forthcoming which I look on well.  I like the ability to hold multiple currencies in a SIPP (HRMC does not allow this in any ISA) so you could save a load over HL if you like to trade overseas markets.  They also offer proper access to several overseas exchanges HL don't.  They maybe more expensive than HL so it largely comes down to what you trade.  The HL service levels are IME so bad anyone would look better. 

Frank Hovis has also mentioned the Vanguard SIPP as being really cheap but you are limited to Vanguard products.  I like many Vanguard ETFs though.

AJ Bell do well but they do not offer international access and I don't know about multi currency SIPP accounts.  Like several others, they say they offer overseas shares but these are mainly a few LSE based CDIs.  They provide decent research and a competent interface.  Quite cheap too.

Saxobank also offer multi currency accounts and good overseas exchange access but can be a bit expensive and not all exchange stocks are tradeable (you have to ask them to add them to their list!).

The best outside of a tax wrapper for me is Interactive Brokers even if the interface is odd (but the app is good).  The ultimate in functionality, instruments, research, and low fees.  Apparently they offer a SIPP but I know nothing and it sounds like a specialist (read high asset value) job.  I believe someone here has one.

I also rate Degiro as having a good interface and access to the Nordics (IB don't) but cumbersome funding/withdrawals.

Other contenders include IG and TradeView(?) but I know nothing about them as they did not meet my requirements at the outset.

DYOR.  I summarised everything on a spreadsheet to help me decide given my investing requirements.  My partner and I have a few accounts to spread risk, although several provide fee incentives to use them for everything.

Many thanks Harley for taking the time to explain the differences you found between the providers. 

[DurhamBorn]

Multi fuel burning stove the obvious answer to this to gain from lower electric,but not pay the extra gas levy.

https://www.edie.net/news/11/At-a-glance--What-is-included-in-the-Heat-and-Buildings-Strategy-/

" Gas levies will rise as electricity levies fall, thus making electrification cheaper."

 

The Treasury verdict on Net Zero plans

"Policies to support the adoption of electric vehicles may disproportionately benefit higher income groups, and the costs of any policies that affect the remaining drivers may fall disproportionately on low-income groups.

 

[nirvana]

i'm a bit outta touch at the mo lol

Someone remind me, is this a precursor to the BK? 

 

[Jesus Wept]

2 hours ago, Bricormortis said:

Just buy  miners. I think its going to continue to run , though not in a straight line obviously, Sprott have taken up an absoultely massive amount, I would not be surprised if they face some regulatory kick back if thats possible. Now a branch off of  Kazatomprom ( not available via HL because they are outside of the Crest system ) are doing the same as Sprott. I am no expert on the sector but have recently put  first ladders in. 

I need some advice on Miners. 
 

it was my one big regret from March 2020 - not getting enough exposure.

I researched and targeted them but never bought from my OPTIMiSM list. 

Went heavy on:

Oil, Potash, Telecoms, Infrastructure, Silver and individual Metals. (Plus some bitcoin, HEFL and assorted others). I bought FCX and sold with 40% gains (fuck ! )

Have I missed the boat? Should I Sit tight and build cash or buy some miners? If so which ones? Nothing else I fancy. 
 

These are the ones I should have bought with gains from April 2020:

[Paulie]

1 hour ago, Harley said:

I'm in with the Geiger fund and Sprott Uranium fund.  One is miners and the other is the physical.  They've done well.  I'm also looking at a few individual miners atm.

Geiger seems to be up from 20p end of last year to around 63p presently. I'm guessing that the energy crisis will run through and beyond any shorter term crash and (selective) recovery. This is my selection, so I may try laddering into it. Thanks for pointing it out. 

[GTM]

2 hours ago, Harley said:

AJ Bell do well but they do not offer international access and I don't know about multi currency SIPP accounts.  Like several others, they say they offer overseas shares but these are mainly a few LSE based CDIs.  They provide decent research and a competent interface.  Quite cheap too.

AJ Bell's SIPP is terrible for overseas shares. Everything is in £s so you have forex costs on buys, sells and dividends. I also got charged an extra custody fee for holding Gazprom Neft. Moved to II. Much better. 

[Bricormortis]

34 minutes ago, Jesus Wept said:

Have I missed the boat? Should I Sit tight and build cash or buy some miners? If so which ones? Nothing else I fancy. 
 

Depends on your attitude to current risks prevalent in the market. Don't let fomo eat you up. Ask yourself how much cash could you cope with losing  ? 

 

 

[Hancock]

1 hour ago, nirvana said:

i'm a bit outta touch at the mo lol

Someone remind me, is this a precursor to the BK? 

 

Davey Hunter is saying 2.5.

Does seem like its onwards and upwards and the moment, and nothing can crash ... FOMO seems strong with this board!

[planit]

11 minutes ago, Hancock said:

Davey Hunter is saying 2.5.

Does seem like its onwards and upwards and the moment, and nothing can crash ... FOMO seems strong with this board!

Wake me up when TNX gets to 2.1%

S&P500 0.6% off it's highs at the moment.

Tesla a stones throw away from it's all time high.

 

Market seems to have shrugged off any inflation fears and I still feel this can run longer.

 

The pullback just seemed to allow everyone to turn bearish whilst not dropping very far. That bearish sentiment was a good platform from which to mount a rally as FOMO people will keep buying in. There will be a lot of resistance at 4550 but if that breaks everyone will suddenly start buying in.

Hopefully the gold/silver miners can continue their rally to vaguely sensible levels

Oilies not sure at all, I am hoping oil price treads water until results as I am expecting good things from BP ( I might even go long BP and short RDS between the results to try to benefit from any jump in BP relative to RDS).

 

Warning: Following anything I say will likely result in 95% loss to portfolio.

[DurhamBorn]

Everything Boris said today was inflationary.The costs will also fall hugely on ordinary workers.Even to the extent of woke councils fitting heat pumps that will cost a fortune.In the green space a fast follower would be better,but it seems he would rather freeze granny and be seen as a messiah figure.Very sad really to see the state of politics now here.

Of course most wont happen and Sunak knows it.The problem is it will be hugely painful for lower paid people.

Legislation so mortgages only go to certain eco houses is sinister.Young have always bought the do it upper houses.Once again pulling the rug so only those with huge capital can buy those to then sell/rent to said young.

 

[Barnsey]

Diesel was £1.44 at my local Tesco today, been a long old time since I've seen that (2013?).