UK Stockmarket 2009 and beyond

gadgetmind

gadgetmind wrote: »

I think there is one more interest payment due on April 8th

But, of course, bonds trade clean (unlike prefs) so when you buy them you will also need to pay for some of the accrued interest, which is why you can see the price dropping as it has.

gadgetmind

sabretoothtigger wrote: »

I presume the main risk is that interest or inflation rises alot and somehow pref share is inferior to ordinary in that the return is fixed though obviously its superior right now

Yes, high interest (and inflation) works against fixed interest and you will see capital values drop if/when this happens BUT you'll also see rising capital values as banks are progressively perceived as being less risky.

And NWBD instead of RBS Pity I didnt consider that a year ago or June when I bought the ordinaries though they both gained as much its no div

I don't see it as being black and white between ordinaries and bonds/prefs but more of an issue of asset allocation.

Bernstein said that you should be 50:50 unless you saw a strong argument to weight one over the other, which I always used to think was a trifle timid to say the least, but the last few years have shown me otherwise.

My CREE breaks even for first time in a while, makers of the fine LED torch.
Hot technology to keep an eye on as well as 3D printing if you see that its awesome, the world is still advancing fast outside of failure politics

Yes, I see both LED emitters and 3D printers as important technology for the next few decades.

I keep meaning to get into some serious patent reading for the latter but haven't had the time as I've had lots of patents to read at work!

coastline

live debate today at 4pm...investing for income.

http://www.morningstar.co.uk/uk/news/97122/Generating-Income-with-ETFs.aspx

sabretoothtigger

ENRC yields 4% and could quadruple. Yet its high risk due to 'poor governance'

I own it via KAZ who have 25%. I figure its far too cheap more of a naughty boy then dangerous to own.

One of the cheapest miners in the world not in a war zone?

lvader

I sold KAZ again recently, i'm happy to take the 10-20% gains then wait for it to drop again. I must have done the sme thing with Rio at least 4 times in the last year. it soon adds up. eventually it won't work so well but I'm hedged enough for it not to matter either way.

sabretoothtigger

ENRC looks alright for the moment. I feel bad selling KAZ this cheap, copper can pull back but I think it'll mostly rise. To wire every Chinese house upto electricity as in normal in the west would take much more then the worlds yearly reserves and supply of copper available now.
If they are going to earn a decent wage now surely they will be catching up with the 20th century at some point.

KAZ does gold, coal and power generation also, the main reason not to own is the country is semi democratic
View this in chrome - http://www.kase.kz/ru/emitters/show/GB_ENRC
http://www.kase.kz/ru/emitters/show/GB_KZMS

Centamin is back to 2008 prices at 32p and lower. The various agencies are denying them the ability to export gold, no real legal basis just nationalism I guess which could get worse or better

DGO 510p might be nice

StevieJ

Just had a look at the UK Christmas stock markets back to 2000 and surprised to find that they were higher at the beginning of the New Year say, 3rd or 4th Jan than they were just before Christmas in every year, that trend may go way back I was bored by the time I reached 2000

lvader

It maybe an an effect of short covering, this year the fiscal cliff could put a spanner in the works. I currently have 2 FTSE 100 short positions open as a hedge against recent gains.

gadgetmind

I reckon that a lot of people have a big clear out just before the holidays and then start looking for new homes for their money in January. I guess some also have Christmas bonuses to invest.

I wish prices would go *down* a wee bit. I'm much happier with the FTSE 100 at around 5000 than I am with it tottering along at close to 6000.

rockitup

StevieJ wrote: »

Just had a look at the UK Christmas stock markets back to 2000 and surprised to find that they were higher at the beginning of the New Year say, 3rd or 4th Jan than they were just before Christmas in every year, that trend may go way back I was bored by the time I reached 2000

I buy Stock Trader's Almanac each year to get snippets of historic data, and also bought the iPhone App. One interesting piece of data is that the Dow Index rises 90.5% of the time on 26 December since the Dow started.

For those of us who spread bet, it would mean placing a trade at or just before Dow's close on Xmas Eve (half-day trading) and ending the trade when Dow closes on 26 Dec. Best to end the spread bet just before the close on as the buy/sell spread is smaller

DYOR and don't blame me if it goes the other way