What’s your big gamble? (Volume 4)

[Aiminghigh123]

Could be worse though. EME? That’s a bit of a drop.

[egomeister]

Legend83 said:

Accepted my mistake on this one and moved on! No point selling now when my holding is worth next to nothing!

Probably not a bad thing to leave it in the portfolio as a reminder not to make the same mistakes again!

If you already have something doing that, you may as well sell if you can clear a pint of beer after dealing costs to drown your sorrows

[Abdul Abulbul Amir]

egomeister said:

Skyedriver said:

SYME: RNS: Further dilution with further share issue.
I try to remain positive but..........

So they've replaced the death spiral that replaced the death spiral with a deeply discounted death spiral...

There goes £5k I'll never see again. That was supposed to be my Porsche fund for my 50th. I guess I can buy a cap.

[Bloxxcreative]

Abdul Abulbul Amir said:

egomeister said:

Skyedriver said:

SYME: RNS: Further dilution with further share issue.
I try to remain positive but..........

So they've replaced the death spiral that replaced the death spiral with a deeply discounted death spiral...

There goes £5k I'll never see again. That was supposed to be my Porsche fund for my 50th. I guess I can buy a cap.

1:64 scale model....

Sorry. I'm in a similar boat and humour is the only solace on it.

[Chris Type R]

Abdul Abulbul Amir said:

There goes £5k I'll never see again. That was supposed to be my Porsche fund for my 50th. I guess I can buy a cap.

I cut my losses last Aug once my decent gain had turned in to a £335 loss - thank goodness I did !

(there are a number of other gambles where I'm wishing I'd done the same)

[ferrisbueller]

Another question for you Chris.

If I've got shares which are long term holds in a normal share trading account, can I sell them and put them in a new SIPP and get tax relief on the cash value?

[Chris Type R]

ferrisbueller said:

Another question for you Chris.

If I've got shares which are long term holds in a normal share trading account, can I sell them and put them in a new SIPP and get tax relief on the cash value?

If this is directed at me, short answer, 'no idea'.

I would imagine that you would have to sell into cash, and deal with any CGT issues resulting from this.

Transfer the funds into SIPP & rebuy your holdings.

The transfer value would have to be less than or equal to £40k gross to benefit from tax relief (unless you can somehow make use of any pension carry over - you've mentioned the SIPP is new).

Your SIPP provider should claim the 20% tax relief on your behalf, but you'd have to claim any higher rate tax relief on your tax return. It might be the case that your income in the tax year needs to match or exceed your contribution in order to claim the relief.

I'm sure there will be more knowledgeable people along...

[ferrisbueller]

Chris Type R said:

ferrisbueller said:

Another question for you Chris.

If I've got shares which are long term holds in a normal share trading account, can I sell them and put them in a new SIPP and get tax relief on the cash value?

If this is directed at me, short answer, 'no idea'.

I would imagine that you would have to sell into cash, and deal with any CGT issues resulting from this.

Transfer the funds into SIPP & rebuy your holdings.

The transfer value would have to be less than or equal to £40k gross to benefit from tax relief (unless you can somehow make use of any pension carry over - you've mentioned the SIPP is new).

Your SIPP provider should claim the 20% tax relief on your behalf, but you'd have to claim any higher rate tax relief on your tax return. It might be the case that your income in the tax year needs to match or exceed your contribution in order to claim the relief.

I'm sure there will be more knowledgeable people along...

Yes, thanks. That's what my thinking was but SIPP is a whole new world to me. Feels like something I should be doing.

[vulture1]

Enphase up pre market on the back of good results. Just as well as I bought at $200 ish so was a bit underwater. It feels wrong to be adding to stocks when the US market keeps going down but when it returns you are suddenly way up.

[M3ax]

Not sure if this is the right thread but the title has "gamble" in it

Is anyone currently investing in pre-IPO/pre-acquisition opportunities? If so, what have been your experiences? Have you done it directly with the company or via a fund etc?

Interested in any thoughts the collective may have.

[Vanity Projects]

M3ax said:

Not sure if this is the right thread but the title has "gamble" in it

Is anyone currently investing in pre-IPO/pre-acquisition opportunities? If so, what have been your experiences? Have you done it directly with the company or via a fund etc?

Interested in any thoughts the collective may have.

I did some through IPO offerings via interactive investor.

- A couple did well a couple didn't.

One of the challenges was liquidity and therefore the spread price to add or sell a position post IPO so generally you want to research an IPO and be certain yo want ti keep it for a good period of time.

[g4ry13]

PayPal earnings after the bell tonight. Guess i'll be finding out how much of a turd i've invested in.

Any movement up will be a pleasant surprise - i've braced myself for the worst.

[g4ry13]

PayPal results were neither spectacular, nor disappointing so I'll take that.

Meta seems to be the real star performer. Ford also had some decent earnings. Ford had been on my radar for a bit too.

Hopefully this could be the start of a market reversal.

[ferrisbueller]

g4ry13 said:

PayPal results were neither spectacular, nor disappointing so I'll take that.

Meta seems to be the real star performer. Ford also had some decent earnings. Ford had been on my radar for a bit too.

Hopefully this could be the start of a market reversal.

Tend to agree Ford looks value, but very difficult to get a grasp on what's what at present.

[vulture1]

g4ry13 said:

PayPal results were neither spectacular, nor disappointing so I'll take that.

Meta seems to be the real star performer. Ford also had some decent earnings. Ford had been on my radar for a bit too.

Hopefully this could be the start of a market reversal.

needed it, I had meta onthe day after their big drop expecting at least a half way retrace that never happened.

[Vanity Projects]

g4ry13 said:

PayPal results were neither spectacular, nor disappointing so I'll take that.

Meta seems to be the real star performer. Ford also had some decent earnings. Ford had been on my radar for a bit too.

Hopefully this could be the start of a market reversal.

Bear market rally

Remember all this carnage is going and the fed hasn’t even started shrinking the money out there yet.

I think we might see a short term bounce but I think it’ll smell a bit of dead cat.

[Chris Type R]

ferrisbueller said:

Yes, thanks. That's what my thinking was but SIPP is a whole new world to me. Feels like something I should be doing.

There are definite advantages from a tax perspective - you have to have some confidence that the government are not going to 'fiddle' in the future.

A Stocks & Shares ISA has similar advantages from a CGT perspective & greater freedom to access the capital.

Simplistically, with a S&S ISA you pay tax on the way in, but not on the way out. With a SIPP you recover tax on the way in, but you pay on the way out. Ideally you're doing drawdown from a SIPP at a lower income tax level than you were subject to on the way in.

[ferrisbueller]

Chris Type R said:

ferrisbueller said:

Yes, thanks. That's what my thinking was but SIPP is a whole new world to me. Feels like something I should be doing.

There are definite advantages from a tax perspective - you have to have some confidence that the government are not going to 'fiddle' in the future.

A Stocks & Shares ISA has similar advantages from a CGT perspective & greater freedom to access the capital.

Simplistically, with a S&S ISA you pay tax on the way in, but not on the way out. With a SIPP you recover tax on the way in, but you pay on the way out. Ideally you're doing drawdown from a SIPP at a lower income tax level than you were subject to on the way in.

Thanks Chris. The ISA is topped up every year and will continue to tick over. I'm assessing other options. SIPP is one I hadn't had far up the list but need to look into further.

[Mr Overheads]

Vanity Projects said:

g4ry13 said:

PayPal results were neither spectacular, nor disappointing so I'll take that.

Meta seems to be the real star performer. Ford also had some decent earnings. Ford had been on my radar for a bit too.

Hopefully this could be the start of a market reversal.

Bear market rally

Remember all this carnage is going and the fed hasn’t even started shrinking the money out there yet.

I think we might see a short term bounce but I think it’ll smell a bit of dead cat.

I'm selling into cash any shares that have been in the red at the point they reach breakeven (especially those with no/low dividend) and buying the dip of longer term holds like Fundsmith, Microsoft and Disney. Unfortunately that means I've now got lot's of stuff like SYME that are very long term holds.

[vulture1]

Disney is going to take a further kicking from the move of canceling streaming and the hornets nest they stirred up getting involved in politics in Florida.