The election and money

dividendhero

bowlhead99 wrote: »

Whether one agrees with the Brexit deal or what that 'stuff' actually is, markets do like a majority government rather than an uneasy coalition or hung parliament, especially if the government is capitalist /low tax rather than socialist /high tax.

What you say is very true, but the fact remains that the UK is turning into something more like Turkey than Switzerland

Thrugelmir

dividendhero wrote: »

For me the message is clear..Avoid the UK as an investment, too much downside and next to no upside

There's always opportunity.

gollum007

I took the opportunity to offload a reasonable chunk of Tesco shares today on the back of the twin Brexit and Thai sale rumours bounces.


Planning to put it elsewhere (Income IT) once the bounce dies back again, which I fully expect to happen by the end of next week sometime.


The other possible outcome as I see it is a continued (second?) bounce once Boris pushes the Brexit deal through parliment.


Interesting times...

Ray_Singh-Blue

Ray_Singh-Blue wrote: »

I'm normally a VWRL man but bought FTSE100 tracker on Tuesday. Planning to sell today if rises, cry into beer if falls.

What a numpty. Just logged on and it turns out I bought the wrong thing :embarasse

HSBC GLOBAL AM UK FTSE ALL WLD IDX C ACC NAV (MDAABG)
24178.08 181.9827p £43,999.92 *182.80p £44,198.52 £197.60 0.45%

Never done that before, must have clicked wrong row & not noticed. !!!!!!.

Ceme3000

I tried to take a 9% gain this morning on Hargreaves Lansdown shares via the HL platform, but their online service was not taking any instructions. Gave up in the end. What kind of crap service is that!

jaybeetoo

It was not just HL having problems trading shares this morning.

Ceme3000

jaybeetoo wrote: »

It was not just HL having problems trading shares this morning.

Good to know. Thank you.

It's a bit concerning though to think that if there was ever some major stock excitement going on that the systems behind the scenes might not be able to cope.

Username999

Hargreaves, not completing stock SELL LIMIT orders!
And not able to cancel them!!

Sell orders have gone though now on Hargreaves.
After I manually sold.

Now I have negative stock quantity!!!

I can see this taking some time to sort out

Uxb1

Ceme3000 wrote: »

Good to know. Thank you.

It's a bit concerning though to think that if there was ever some major stock excitement going on that the systems behind the scenes might not be able to cope.

Those of us with long memories recall the October 1987 stock market crash
Exactly the same scenario albeit before the internet so instead fund managers etc were simply not answering phones.

dividendhero

Thrugelmir wrote: »

There's always opportunity.

Maybe there are, but I'm not particularly interested in scratting round in the dirt trying to find the odd scrap of opportunity.

I've made about 40% above UK returns by investing overseas, not to be sniffed at when a seven figure amount is involved. :money:

Can't see any reason why I'd invest in the UK, it's quite obvious the place is in for years of turmoil with nearly all outcomes unfavourable from an investment perspective. As mentioned above, sterling will have to drop by a long way for UK exports to be competitive ... that's quite a tailwind for starters.