|
Post by dan1 on Jul 2, 2020 15:01:26 GMT
I use VWRP in ISA/SIPP and VWRL outside of tax sheltered accounts. Accumulating investments are a pain when it comes to self assessment tax Did you get that the right way round? And sorry to be thick, but why are "Accumulating investments are a pain when it comes to self assessment tax"? Surely anything accumulated in a tax wrapper is itself automatically in the wrapper. I'm worried that I may be completing my tax return incorrectly now. I'll leave it to the experts to explain... monevator.com/income-tax-on-accumulation-unit/
|
|
|
Stocks
Jul 2, 2020 15:06:16 GMT
Post by Ace on Jul 2, 2020 15:06:16 GMT
Did you get that the right way round? And sorry to be thick, but why are "Accumulating investments are a pain when it comes to self assessment tax"? Surely anything accumulated in a tax wrapper is itself automatically in the wrapper. I'm worried that I may be completing my tax return incorrectly now. I'll leave it to the experts to explain... monevator.com/income-tax-on-accumulation-unit/Ah yes, thanks. I stupidly misread the post. My bad.
|
|
r00lish67
Member of DD Central
Posts: 2,691
Likes: 4,048
|
Post by r00lish67 on Jul 13, 2020 13:55:20 GMT
Surely Tesla is in a ludicrous share price bubble right now? From a pre-COVID peak of $917 a share in Feb 2020, all the way down to $430 in mid-March, and now trading at $1728 (up 12% today). I mean, yeah, electric cars great and all, but a quadrupling of valuation in 4 months? cwah you like a punt, buy or sell at this point?
|
|
jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,745
Likes: 3,138
|
Stocks
Jul 13, 2020 14:13:33 GMT
Post by jonno on Jul 13, 2020 14:13:33 GMT
Surely Tesla is in a ludicrous share price bubble right now? From a pre-COVID peak of $917 a share in Feb 2020, all the way down to $430 in mid-March, and now trading at $1728 (up 12% today). I mean, yeah, electric cars great and all, but a quadrupling of valuation in 4 months? cwah you like a punt, buy or sell at this point? Musk's personal fortune is now greater than the combined market value of Ford and GM. How the hell....?
|
|
mrdc
Member of DD Central
Posts: 73
Likes: 33
|
Stocks
Jul 13, 2020 14:25:42 GMT
Post by mrdc on Jul 13, 2020 14:25:42 GMT
Surely Tesla is in a ludicrous share price bubble right now? From a pre-COVID peak of $917 a share in Feb 2020, all the way down to $430 in mid-March, and now trading at $1728 (up 12% today). I mean, yeah, electric cars great and all, but a quadrupling of valuation in 4 months? cwah you like a punt, buy or sell at this point? Musk's personal fortune is now greater than the combined market value of Ford and GM. How the hell....? Tesla has become Scottish Mortgage IT largest holding overtaking Amazon !!!
|
|
cwah
Member of DD Central
Posts: 949
Likes: 468
|
Stocks
Jul 13, 2020 14:53:42 GMT
Post by cwah on Jul 13, 2020 14:53:42 GMT
Surely Tesla is in a ludicrous share price bubble right now? From a pre-COVID peak of $917 a share in Feb 2020, all the way down to $430 in mid-March, and now trading at $1728 (up 12% today). I mean, yeah, electric cars great and all, but a quadrupling of valuation in 4 months? cwah you like a punt, buy or sell at this point? Ironically I tried to short Tesla at 1100 and got burn so hard that I reversed it to buy instead. Since then it felt better lol. But it was only on 1 share. I wish I did that on more. I don't do anything now as I fell there is as much chance to get burn than to win. And I don't like to gamble on stock
|
|
michaelc
Member of DD Central
Posts: 4,895
Likes: 2,768
|
Post by michaelc on Jul 13, 2020 15:18:43 GMT
Surely Tesla is in a ludicrous share price bubble right now? From a pre-COVID peak of $917 a share in Feb 2020, all the way down to $430 in mid-March, and now trading at $1728 (up 12% today). I mean, yeah, electric cars great and all, but a quadrupling of valuation in 4 months? cwah you like a punt, buy or sell at this point? Ironically I tried to short Tesla at 1100 and got burn so hard that I reversed it to buy instead. Since then it felt better lol. But it was only on 1 share. I wish I did that on more. I don't do anything now as I fell there is as much chance to get burn than to win. And I don't like to gamble on stock I've always enjoyed a bit of a flutter. It took quite a few years before I realised that I could satisfy the urge and make money by doing exactly that. At least more money than chucking it in the slots or the tables. Of course, I doubt psychologists are involved in the design of stocks interfaces as is the case with slots and they're certainly not instant.
|
|
iRobot
Member of DD Central
Posts: 1,657
Likes: 2,450
|
Post by iRobot on Jul 13, 2020 15:28:04 GMT
Surely Tesla is in a ludicrous share price bubble right now? From a pre-COVID peak of $917 a share in Feb 2020, all the way down to $430 in mid-March, and now trading at $1728 (up 12% today). I mean, yeah, electric cars great and all, but a quadrupling of valuation in 4 months? cwah you like a punt, buy or sell at this point? Ironically I tried to short Tesla at 1100 and got burn so hard that I reversed it to buy instead. Since then it felt better lol. But it was only on 1 share. I wish I did that on more. I don't do anything now as I fell there is as much chance to get burn than to win. And I don't like to gamble on stock I love to gamble on stock. Is it beef? Is it lamb? Can't beat a bit of jus-based jeopardy!
|
|
|
Post by bracknellboy on Jul 13, 2020 17:20:10 GMT
Surely Tesla is in a ludicrous share price bubble right now? From a pre-COVID peak of $917 a share in Feb 2020, all the way down to $430 in mid-March, and now trading at $1728 (up 12% today). I mean, yeah, electric cars great and all, but a quadrupling of valuation in 4 months? cwah you like a punt, buy or sell at this point? I have no idea whether its current absolute cap value is at all reasonable or not, though its value relative to other OEMs does smack somewhat of being out the .com bubble playbook.
However, I don't think the fact that it is gone 4x in 4 months of itself necessarily means it is now in cloud cuckoo land.
Tesla is a genuine "disruptor" in a large mainstream market. It has proven capable of developing/delivering the technology, and building a (growing) loyal customer base. In that regard, an analogy with Apple would not be completely out of order.
Some of the biggest question marks had been around whether it can scale up production, fast enough and reliably enough, and whether it can turn simple scale into economy of scale, and get to sustained profitability. And then Covid came along, walloping stock markets in general, but also delivering a hammer blow to the automotive sector in general (its market, and its ability to operate).
Tesla has shown that it can scale; it's shown it can turn a profit; it's predicting it will continue with that (at my last read), while others like JLR are absolutely haemorrhaging cash in the wake of China turndown and C19 in general. It increased production while under C19 restrictions at its California plant. It has also shown it has got its China plant on track, and that is giving it an ability to operate there bypassing US/China tariffs. Add to that, the US stock market has recovered from its low point to give a multiplier effect.
In the meantime, many of the big auto incumbents are finding it very difficult to pivot to 'electrification'. Its costing them billions, their businesses are not conducive to the disruption/change, they aren't agile enough. And they need to do so while keeping resources focussed on the legacy.
The shift to electric removes the significant incumbent advantage that comes with the complexity/cost associated with traditional powertrain, further threatening the big boys. And yet while electric has significantly lowered the entry barrier, bringing in new players, it's still substantive. See Dyson as a failed example.
Tesla is arguably light years ahead of the worst of the big players, and probably still considerably ahead of the leaders. It has also gained its own incumbent advantage in electric (simplification of E&E architecture, over the air update, production scale esp. battery, brand recognition, customer base).
So I can sort of understand why relative to the traditional OEMs its share price is out of proportion to its rev and current profits. Is it reasonable ? NO idea, possibly not. But that was probably said of Apple when its share price was a fraction of where it ended up.
Barring a spectacular fail, "the future's bright, the future is Red dark shade of orange".
Of course the other big disruptor is ADAS and autonomous.
P.S. I may also be talking out of my backside.
|
|
daveb
Member of DD Central
Posts: 236
Likes: 194
|
Stocks
Jul 13, 2020 19:18:33 GMT
Post by daveb on Jul 13, 2020 19:18:33 GMT
In fact there are at least 3 car disruptors, electric, autonomous, and ownership. Ownership because of the appalling cost of parking places in crowded cities.
|
|
cwah
Member of DD Central
Posts: 949
Likes: 468
|
Stocks
Jul 14, 2020 8:56:26 GMT
Post by cwah on Jul 14, 2020 8:56:26 GMT
I decided to add some Tesla after the drop at 1530.
The main reason is that it may go into the S&P500. If it does it'll boost the stock price.
|
|
hazellend
Member of DD Central
Posts: 2,361
Likes: 2,179
|
Post by hazellend on Jul 14, 2020 9:46:22 GMT
I decided to add some Tesla after the drop at 1530. The main reason is that it may go into the S&P500. If it does it'll boost the stock price. I’m guessing I own a fair bit of Tesla through my all world index but the question is why are buying Tesla now but not 6 months ago? You might win or lose, but you have many investing habits which give me cause for concern. Far too much short term bets and speculation
|
|
cwah
Member of DD Central
Posts: 949
Likes: 468
|
Stocks
Jul 14, 2020 11:03:18 GMT
via mobile
Post by cwah on Jul 14, 2020 11:03:18 GMT
I decided to add some Tesla after the drop at 1530. The main reason is that it may go into the S&P500. If it does it'll boost the stock price. I’m guessing I own a fair bit of Tesla through my all world index but the question is why are buying Tesla now but not 6 months ago? You might win or lose, but you have many investing habits which give me cause for concern. Far too much short term bets and speculation Reasons: - 4 consecutive quarters of positive earnings - very likely to go to s&p500 boosting price - demonstrated much better sale than all other automotive during crisis Its much better to invest when a company demonstrated it has a strong customer base as well as its capacity to generate profit!
|
|
cwah
Member of DD Central
Posts: 949
Likes: 468
|
Stocks
Jul 14, 2020 11:05:19 GMT
via mobile
Post by cwah on Jul 14, 2020 11:05:19 GMT
And by the way, my worse investment performance was buying the FTSE100 and FTSE250 index.
Trying to buy diversified UK stock was one of my worse decision and it dropped so much and I just hope it'll recover someday....
Buying good stock is much better decision
|
|
r00lish67
Member of DD Central
Posts: 2,691
Likes: 4,048
|
Stocks
Jul 14, 2020 11:18:33 GMT
Post by r00lish67 on Jul 14, 2020 11:18:33 GMT
And by the way, my worse investment performance was buying the FTSE100 and FTSE250 index. Trying to buy diversified UK stock was one of my worse decision and it dropped so much and I just hope it'll recover someday.... Buying good stock is much better decision Yes, my holdings of VUKE (Vanguard UK) are only trumped in their crappiness by Vanguard UK equity income (high dividend). But, as part of a diversified portfolio...etc etc. You never know, the UK could blow out the lights in the next few years, what with all of these glorious trade opportunities we have on the table. I wonder if anyone actually believes that still? Anyway, I'm having a rare buy today with Halifax commission countdown (which starts right now, 12:15 as it happens). Going to buy some Vanguard Europe. My logic being that the Euro-denominated variant (AMS:VEUR) is still 16% off all time highs and was pretty undervalued (by CAPE) anyway even at ATH's. That, plus it's unhedged, and as much as I try I can't bring myself to believe that Sterling is going to recover any time soon. Quite the opposite in fact. I'm basically buying at even "hmmm" value levels to mitigate currency risk (only as I'm mostly abroad, otherwise I wouldn't fear imported inflation that much). edit: trailing yield of 3.6% is pretty high too, though I'd imagine I'll be seeing little of that in the near future. Long term hold though.
|
|