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cineworld looks like it might go bust
their debts are huge, and they are claiming massive "intangible assets", i.e. brand name, which I think is taking the piss really:
https://uk.advfn.com/p.php?pid=financials&symbol=LSE%3ACINE
The price was below 20p last month
https://uk.advfn.com/stock-market/london/cineworld-CINE/chart/real-time
now around 60p, so you are too late to make the first stage gain with that one
One of the funds I chose is the Baillie Gifford American Fund B Accumulation and in the top 5 holding are Netflix, Amazon, Tesla. The fund is doing well in the rebound and is nearing complete recovery and I have gained 28% from it since it opened mid March.
I hope this is not a bear trap and that we are on the way back properly and, if it is, what luck with the coincidental timing!
https://www.studiowear.co.uk/ -
https://twitter.com/spark240
Facebook - m.me/studiowear.co.uk
Reddit r/newmusicreview
https://youtu.be/0ECqDaPjjV0
If I'd known what I have learned about investing, I would have but put options on the S+P on the 14th Feb when I posted this
I have only checked one price, and it went up 100x between then and 23rd March, So £1k could have become £100k. Wow. You live and learn
This was influenced by reading
The Black Swan: The Impact of the Highly Improbable
after I saw that their fund went up 3600% Marchhttps://www.bloomberg.com/news/articles/2020-04-08/taleb-advised-universa-tail-risk-fund-returned-3-600-in-march
but the global indexes are bouncing:
One of the mutual funds I'm in is up 24% this year to date:
It has performed extremely well and not been hit anywhere near as much as others as it mainly consists of solid companies rather than value stocks.
it's easy to know what to have done in hindsight. Having a plan for tomorrow and backing it up your money is the real test.
How much are you prepared to lose over the next 7-10 years tail hedging as insurance against the next black swan event?
I don't think the current rally is a rally at all, but a short term reaction to the easing of lockdowns. Notice that with the slightest bit of bad news markets dip. I think we could go into a bigger dip before we see a long slow growth.
As big companies, one after another, start to reveal big losses, then the situation might resolve.
All a bit of guesswork, even by the experts as we are in unknown territory
https://www.studiowear.co.uk/ -
https://twitter.com/spark240
Facebook - m.me/studiowear.co.uk
Reddit r/newmusicreview
The author gave this advice in Feb 2019, after explaining how overvalued the US market is:
https://newsletters.advfn.com/deepvalueshares/subscribe-1
I'm not sure what to make of Terry Smith, he seem a little arrogant and has a whiff of salesman about him but the fund has performed well and cannot knock the the Fundsmith strategy of holding 30 or so good companies fo the long term.
I watched the annual meeting and thought t was quite interesting
Is this the start of the slow slide back down as the reality of the economic impact hits home after the April and early May rally?