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Post by funktabulous on Oct 19, 2019 6:03:57 GMT
Ah, I agree with all that.
But purely on a transactional, a free trade is a free trade, and if you use limit orders and buy at the price you want, manipulation on an individual level on my holdings is practically intangible. For example now that trades are free, I've turned off dividend reinvestment, as the transaction fee 'savings' (that could be manipulated at the reinvestment acquisition price) no longer apply as there is no fee to save.
All the major USA brokers are now offering free trades, so it's a competitive move. I find the cost of share trading in the UK prohibitive and I question why retail investors here are charged so much.
I learned some stuff from your post, thanks.
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Post by funktabulous on Oct 19, 2019 12:36:06 GMT
Ah but the problem with a limit order on a so-called free broker is that you might never get the fill. If you place an order at 87 and the broker waits until the end of the day to send all its orders off, the price could have moved well beyond the limit. Secondly, what happened to the funktabulous who was banging on about "time in the market" ? What's £8 commision on 5 years ? Naff all !
Finally, I would say "prohibitive" is the wrong word for UK commisions. Higher than the US on average ? Sure. But certainly not prohibitive. And there are still sufficient places you can go that are (a) trustworthy and (b) have decent fees. Interactive Brokers is an example of such. Their commisions are very reasonable indeed.
Sorry, but there's not a cat's chance in hell that you'll find me or any one else sensible go near a so-called free broker, let alone even touch it with the proverbial bargepole.
1. Limit orders are based on SEC verified price action and are in force if your desired purchase price hits. If you use a broker who waits until the day to send their orders off - change your broker. 2. I'm still here. Again, time in the market is learning about it. Blindly holding stocks, using single position size, not checking your investments in single stocks is folly. Buying single company stocks and not checking them regularly is even more foolish than owning ETF's, which are more forgiving at spreading risk. 3. Really? So you're saying that the millions of people that use Fidelity, Charles Schwab, eTrade, TDAmeritrade and Robin Hood and that benefit from zero fee share trading, are less sensible than people who pay commissions for their share trading? Then call me stupid. And I didn't bang on about anything except at your invitation. Good luck with the bargepole.
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Post by funktabulous on Oct 19, 2019 12:44:25 GMT
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IFISAcava
Member of DD Central
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Likes: 3,023
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Post by IFISAcava on Mar 9, 2020 9:28:50 GMT
Do you think Newsnight will lead again on equities tonight, and explain why global equities are almost back where they were 48 hours ago?  Honestly, it's ridiculous. Stock markets fall 3% and they cart on a load of doomsters to talk about inverted yield curves, trade tariffs, trump etc as if they fully understand why this is happening and why it's happening now. I tuned out halfway through the piece, as someone on twitter pointed out that early trading was suggesting that equities are back up 2% in any case. Ok, so the bond yield curve inverted in the US & UK today  . I pay attention to the headlines but rarely read the financial press because of vested interests (I'm so cynical I invest passively). Anyway, in an attempt at a little financial education I decided to search for "inverted yield curve" and this came out top... www.forbes.com/sites/jimcollins/2019/08/14/the-yield-curve-has-inverted-and-you-should-sell-your-stocksHighly readable and informative, I'd recommend you read it. So, have all you financial professionals been busy trading today as a result? What are your views? Recessions (global and nations) and stock market falls are not necessarily co-joined, or should that be timed, or are they? Edit: apologies r00lish67 , you just happened to be the last (only?) user to mention inverted yield curves away from RS  Looks like the inverted yield curve got it right again
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sd2
Member of DD Central
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Post by sd2 on Mar 23, 2020 12:18:22 GMT
Legal and general
Buy 140.50p
p/e 5.14
Dividend 12.52%
Trade high 148p
Trade low 139p
Easyjet
Buy 556p
p/e 6.76
Dividend 7.86%
Trade high 586p
Trade low 538p
As I said somewhere on this site etf are going to Seriously effect the market. They are being sold and there underlying shares are sold equally, wherever the shares are a good buy or bad buy in the present market.
Easyjet is definitely not a better purchase than legal and general.
Lots of anomalies like this.
Also the difference in trade highs and lows are many times larger than normal. Well worth thinking about a limit order.
Who knows where the bottom is. I am working on the basis now of setting limit orders well below the present price for 30 days. Except L&G. I might a few more at .....50p!!!
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sd2
Member of DD Central
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Post by sd2 on Mar 23, 2020 12:20:28 GMT
PS selling (where possible!) my p2p and putting into shares.
Anyone else?
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IFISAcava
Member of DD Central
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Likes: 3,023
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Post by IFISAcava on Mar 23, 2020 12:36:26 GMT
PS selling (where possible!) my p2p and putting into shares. Anyone else? just continuing my long term drip feeding. May rebalance at some point (which obv will mean buying more equities).
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Mar 23, 2020 13:08:20 GMT
I sold about 25% of my share portfolio just before the worst of the drop. I did initially wonder if I'd over done it but not now. I've kept the cash on the sidelines ready to go back in but the market is far too febrile for me at the moment. Ok, I may miss the bottom, but until some form of reality re-emerges, I'm sitting it out for now.
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sd2
Member of DD Central
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Post by sd2 on Mar 25, 2020 10:11:46 GMT
I sold about 25% of my share portfolio just before the worst of the drop. I did initially wonder if I'd over done it but not now. I've kept the cash on the sidelines ready to go back in but the market is far too febrile for me at the moment. Ok, I may miss the bottom, but until some form of reality re-emerges, I'm sitting it out for now. I am buying as it falls. The highs and lows in share prices during the day means I can still get them cheaper than the finishing prices (limit orders) I have seen prices vary by 10% either side of the end of day price. Investment trusts (some) have some major discounts. And some big dividend reserves. 1 year dividend reserve is not unusual and a few 7% - 8% dividends.
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Post by arbi on Apr 4, 2020 10:33:09 GMT
The dilemma is ''Too early or too late''.
I would follow certain technical indicators to see if it is time to buy or not. For now, I am buying BTC, hoping that freshly printed fiat money all over the world will create inflation. Inflation in fiat money combined with halving, I believe will boost BTC, even to new records.
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