Northern Rock - Shares [Merged Threads]

dunstonh

Discretionary investment managers can. It could be that it was seen as one way to take a punt on it as the price did appear to undervalue NR. If that didnt work, then the losses could be offset against gains for tax purposes and assuming a 40% saving in tax may have made it a justifiable risk.

james321

My fund is discretionary and I'm a non tax payer. I'm sure on September 11 there was sufficient warnings not to buy NRK stock! Is it possible that company owned NRK stock that it could not sell!

Aegis

dunstonh wrote: »

Discretionary investment managers can. It could be that it was seen as one way to take a punt on it as the price did appear to undervalue NR. If that didnt work, then the losses could be offset against gains for tax purposes and assuming a 40% saving in tax may have made it a justifiable risk.

Wow, I hadn't really realised until now that fund managers could make such a decision with a fairly large chunk of cash...

Guess that's one of the risks associated with discretionary fund management then

BMWobbleU

james321 wrote: »

Is it possible that company owned NRK stock that it could not sell!

I doubt it, NRK is a very liquid stock with the spread being as low as 1/10 of a penny.

dunstonh

Wow, I hadn't really realised until now that fund managers could make such a decision with a fairly large chunk of cash...

Guess that's one of the risks associated with discretionary fund management then

The discretionary fund manager will buy and sell daily within the remit he/she is given. This would also include risk profile. NR is certainly a share that could rally when the white knight emerges.

Usually you would use a discretionary fund manager for larger portfolios where you want a hands on daily dealing approach. Typically, portfolios in excess of £100k would be with them. I am surprised that james321 is a non taxpayer and using a discretionary manager as the values of the portfolio they deal with typically would generate returns that would see income tax and CGT having to be dealt with.

James, your questions should be posed to the manager. After all, that is what you pay him for. You have that 1-2-1 contact available to you so you use it.

bowks

I have 2 separate savings accounts with Northern Rock under separate account numbers, 1 x ISA and 1 TESSA/ISA. As these are both separate accounts am I covered for £35,000 for each account or is the £35,000 total savings in any 1 bank. If this is the case should I move 1 of the accounts?

Bowks

BMWobbleU

bowks wrote: »

I have 2 separate savings accounts with Northern Rock under separate account numbers, 1 x ISA and 1 TESSA/ISA. As these are both separate accounts am I covered for £35,000 for each account or is the £35,000 total savings in any 1 bank. If this is the case should I move 1 of the accounts?

Bowks

As far as i'm aware, it's £35k per person, per institution. So even if you had 10 accounts with NRK, only the first £35k would be covered.

manhattan

Can anyone recomend an online site for share trading, i am interested in buying some NRK.

(havent got time to check out all 21 pages)

[Deleted User]

Very funny manhattan.

manhattan

Im serious Yant1 i want to buy!