UK Stockmarket 2009 and beyond

tonygee_3

SOLD AV,switched back to BRE(lagging)
Noticed TODAY an apetite for beaten down Shares.
Would advise caution as ELECTION looms


Sold LSE

tonygee_3

The buying of these beaten shares is completely random,prob just someone after a quick buck,a big player followed by smaller forum readers.Just luck if you get in the right few.
This rally has been a bonus but would expect sellers soon,after all, all the reasons markets fell are unchanged.Fridays rise..because US employment continued to FALL?? (lets set target low and blame the weather)

tonygee_3

Shares in SHANKS down the pan this morning,will be of interest if they trickle down to 80s again
As suspected 'beaten' shares giving up some of yesterdays gains
Bought AV. back

StevieJ

Are funds subject to the same rules as shares re the anti B and B 30 day matching for capital gains tax? i.e. do you have to go 30 days after a sales before repurchasing.

StevieJ

I notice that Shell is definately showing a correlation to gas prices compared to BP.

tonygee_3

StevieJ wrote: »

Are funds subject to the same rules as shares re the anti B and B 30 day matching for capital gains tax? i.e. do you have to go 30 days after a sales before repurchasing.

Steve,re shares,perhaps you could refresh me,B&B rule,isnt it if you sell this tax year(as end year approaching)you cant buy for 30 daysOtherwise you can buy and sell all day long?

Rephrase,after APR 6th you cant buy shares previously sold within 30 days(except ISA)?

StevieJ

tonygee wrote: »

Steve,re shares,perhaps you could refresh me,B&B rule,isnt it if you sell this tax year(as end year approaching)you cant buy for 30 daysOtherwise you can buy and sell all day long?

Rephrase,after APR 6th you cant buy shares previously sold within 30 days(except ISA)?

If you sell shares you have to wait 30 days before repurchasing in order to crytalise a capital gain and thus take advantage of annual relief, you can however sell the shares and buy straight back into an ISA (now known as bed and ISA I think).
This is my knowledge, grateful if someone would confirm that the cross over of tax years does not invalidate, i.e if you sell on the 30th March 2010. and buy back back 30 days later would this still be a valid crytalisation for 2009/10 tax year

turbobob

I don't think it means that you can't rebuy the shares within 30 days. Its just that for CGT purposes its pretty much treated as if the disposal didn't happen, so its relevant if you are looking to use up your annual CGT allowance.

As far as funds go, I believe if you sell and rebuy the same fund within the 30 days, then the rule is the same as with shares. However if say you don't want to be out of the market at the time if you sell and then rebuy a similar (but not identical) fund then that won't fall foul of this rule. Theres some info here, although I must admit my eyes start to glaze over with regards to CGT.. http://www.fool.co.uk/Your-Money/guides/Capital-Gains-Tax-Share-Identification-Rules.aspx

cloud_dog

sabretoothtiger wrote: »

Could someone with an account send them a message to ask their fees for etf dealing?

cloud_dog wrote: »

I will ask.(

Question asked and answered. Apparently we got the free trade due to their charges offer, i.e. 3 freee trades in the month.

Which pi**es me off no end... As far as I understood their charges/free trades you got the free trades in the month in which they appied the charges. I our case that was July.

Wasn't even aware of the change/free trades in March (unless I opened the account in March. Unfortunately I can't remember).

Am peed off. :mad:

sabretoothtigger

Sounds typical of special offers. Unfortunately when I get free trades I tend to buy more which is not really a sound strategy

I have SP500 at the top of its channel pretty much. I do wonder if it'll close at the highs or adjust a bit or even reverse at this point.

In theory the magic number for people I think is 1150 but I have 1147 for todays topside.
I went short a little, its a very buoyant market today but I came up with this number last week as possibly a good area to be more negative. Next time I do that I really need to consider being long meantime


GKP rose by like 10% today and I read 'I raq' has only killed 30 people today which apparently equates to a peaceful election. In theory the results and coalition government will take forever to form but I wonder if the shares will rise more meantime as long as its all peaceful. Is there any other news expected?


EUR / GBP has met a negative trend going back to 2008. I really dont expect it to be beaten back but this is the last stand for the sterling bulls.
So sideways, some negativity but eventually I would guess euro to surpass sterling overall in the next year and perhaps quite strongly as this larger trend is broken.

I'll have to see how the news reflects this, or not



I havent considered the wider picture exactly but I would look at CRB for a general alternative to cash. Much smarter I reckon then the constant calls to buy gold (crb has some gold in there anyway)

So thinking of looking at a fund in this general area seems reasonable to me right now