Investing - the stock market and more

[VBM]

On 28/02/2021 at 14:37, MCU said:

Wondering if anyone can help. Started with a lump sum split between a Vanguard global index fund and the s&p 500. Just wondering out of the 2 which to set a DD up to drip feed monthly or does it really not matter?

I'd go with the Vangaurd Global Index, that will tend to be about 50-60% invested in the S&P anyway + you get exposure to other markets. 

[Genie]

Bitcoin and ETH going crazy again, both up 9/10% on the day.

[KenjiOgiwara]

On 01/03/2021 at 09:48, Seat68 said:

Tesla advocates are like Corbynites, Kpop fans and MAGAs. They are completely blinkered and massively loyal. 

They really aren't. I live in the Tesla capital more or less, and I know an absolute load of people who bought Tesla and has had nothing but problems with it. They have all now moved on to Mercedes EQC, Audi Etron, Porsche Taycan, VW E3, Polestar, BMW etc.

One colleague still has his Tesla and won't change cause the charging network when driving in Europe is so far unmatched by Tesla, but once that grid changes the next few years, they will change too.

The Tesla loyalty is a complete myth I'd say. The only place it actually exists is among the stock holders. Comparing them to Apple is way off. Apple's user base was loyal for more reasons than brand name.

[Seat68]

29 minutes ago, KenjiOgiwara said:

They really aren't. I live in the Tesla capital more or less, and I know an absolute load of people who bought Tesla and has had nothing but problems with it. They have all now moved on to Mercedes EQC, Audi Etron, Porsche Taycan, VW E3, Polestar, BMW etc.

One colleague still has his Tesla and won't change cause the charging network when driving in Europe is so far unmatched by Tesla, but once that grid changes the next few years, they will change too.

The Tesla loyalty is a complete myth I'd say. The only place it actually exists is among the stock holders. Comparing them to Apple is way off. Apple's user base was loyal for more reasons than brand name.

I don’t invest and I know little about the cars. I should have caveated it but didn’t think I need to. Place “on twitter” before what I said. 

[Xela]

9 hours ago, Genie said:

Bitcoin and ETH going crazy again, both up 9/10% on the day.

Its like roulette with crypto. Doesn't seem to be any pattern at all. Might as well put all your life savings on red at the casino. 

[Genie]

49 minutes ago, Xela said:

Its like roulette with crypto. Doesn't seem to be any pattern at all. Might as well put all your life savings on red at the casino. 

It’s exactly that, it’s like gambling. 

[KenjiOgiwara]

My thoughts on crypto is that you finally see how big the shady financial underworld is. And that's why it will keep going.

I find it funny people talk about it as currencies tho. It isn't and never have been. It's just a speculative capital placement. No different than art or gold.

[Genie]

29 minutes ago, KenjiOgiwara said:

My thoughts on crypto is that you finally see how big the shady financial underworld is. And that's why it will keep going.

I find it funny people talk about it as currencies tho. It isn't and never have been. It's just a speculative capital placement. No different than art or gold.

I think the difference is you can use crypto currencies to buy things. I know FLIXX have partnerships in South America to use them to buy stuff like beer and pizza.

It seems like Tesla will soon accept payment in Bitcoin for its products (I’m sure there’s plenty of places already accepting Bitcoin and ETH as payment).

It is incredibly shady though. You could put your life savings into something and it be gone the next day. Either the value has plummeted or they simply vanished, then who you gonna complain to?

[KenjiOgiwara]

As currency there's very very few places you can actually use bitcoin as an actual currency. There's been a few gimmicky places for a few years. Tesla is only doing it cause they are heavily invested in it and Musk likes to piss off the establishment. BTC will never be a fluid currency accepted most places. Never going to happen.

You also got special shops where you can use gold and art as currency. It doesn't mean it will ever branch out and become a thing. 

Edited March 4, 2021 by KenjiOgiwara

[HanoiVillan]

@KenjiOgiwara is right about this. Most normal shops are never going to accept something that undergoes wild fluctuations in value as a medium of payment.

[KenjiOgiwara]

I generally don't invest much these day except DCA'ing my salaries, but I have a dividend PF that is more like a pension plan of sorts. More actively managed, but pretty long term holdings.
I normally buy blue chips that are struggling where I have a decent recovery potential and dividend secured at some level.

My last big buy was Bayer AG. Now my question to you guys, ideally some of you who actually knows something about it, is how's the future for GSK looking? It's a pretty huge company that seems to have hit a wall, but the dividend attracts me some what. And big pharma tends to always survive.

Anyone have any opinions on them?

[HanoiVillan]

Football Index is collapsing . . .

It's hard to see how it isn't a Ponzi scheme, in this form, but maybe I'm being blinkered. Anyway, share prices have collapsed and there's no liquidity in the market.

[Genie]

33 minutes ago, HanoiVillan said:

Football Index is collapsing . . .

It's hard to see how it isn't a Ponzi scheme, in this form, but maybe I'm being blinkered. Anyway, share prices have collapsed and there's no liquidity in the market.

I always thought that looked extremely shady. 

[Rds1983]

3 hours ago, HanoiVillan said:

Football Index is collapsing . . .

It's hard to see how it isn't a Ponzi scheme, in this form, but maybe I'm being blinkered. Anyway, share prices have collapsed and there's no liquidity in the market.

The problems with it started when they changed the whole buy/sell process a while back. They removed the instant sell function and introduced 'Nasdaq' style offers. This overcomplicated it for their user base and also created a race to the bottom as people constantly looked for bargains. People then stopped putting money in and it all came crashing down. 

Lots of people way over extended and in a lot of trouble from what I'm seeing on twitter. 

[Xela]

A couple of tweets a week apart

 

 

[Davkaus]

I've got little sympathy for someone that chucks their life savings into a gambling platform to be honest. What a ridiculous place to "invest".

[ender4]

Tesla crashed last week.

Dragging down a lot of funds and Investment Trusts down with it.

Unfortunately I stuck a lump sum in some USA funds just before the crash
 

Ah well, you win some and lose some

[KenjiOgiwara]

11 hours ago, Davkaus said:

I've got little sympathy for someone that chucks their life savings into a gambling platform to be honest. What a ridiculous place to "invest".

To be perfectly honest I don't understand how anyone can handle having their life savings in something that fluctuates a lot. I guess I'm just not made for it. I've got some speculative positions, but it's not with a lot of money. Nevermind with over £ 100 k haha. 

[Genie]

10 hours ago, ender4 said:

Tesla crashed last week.

Dragging down a lot of funds and Investment Trusts down with it.

Unfortunately I stuck a lump sum in some USA funds just before the crash
 

Ah well, you win some and lose some

I think Tesla will continue to slide, it’s still way over valued for a business that has never been profitable, has awful quality and tonnes of new competition on the horizon.

Tesla’s market share of EV’s in the US fell from 81% to 69% over the past year (even though their sales have risen).

I actually think there will be a collapse of the price at some point.

Edited March 8, 2021 by Genie

[ender4]

25 minutes ago, Genie said:

I think Tesla will continue to slide, it’s still way over valued for a business that has never been profitable, has awful quality and tonnes of new competition on the horizon.

Tesla’s market share of EV’s in the US fell from 81% to 69% over the past year (even though their sales have risen).

I actually think there will be a collapse of the price at some point.

Yes i think so too.   It's just a shame that all the big mutual funds seem to have a large position in Tesla, so it will impact my ISA's etc... unless i decide to change funds and find new ones without a position in Tesla.