Suggestions for a speculative punt?

adindas

AnotherJoe said:

Since I started this thread, buying Tesla and Nio at pretty much same time, Tesla is up about 43% and Nio 33%. So since I was "forced" to buy the Nio in my SIPP at least the Tesla money in my ISA, is more easily accessible.
So my plan is to sell the Tesla sometime Monday after the split and then buy something with the £8k or so.  Did someone here mention SEA? Though that's had a fantastic run recently. Will look through again for other suggestions. 

Probably will let the Nio ride a while. 

OMG Nio is now US20.43, 3X in just about three month, could you belive that !!! This EV stock will make us rich .... I regretted selling half of holding @$14.70, lol. Well but at that time I was already making 300% gain. But one af the main reason why I was selling it because I could see the potential problem with this chinese stock where I might be forced to sell them when the price is not in my favour as I am currrently hoding it under S&S ISA account.

I am currently holding all of my SIPP in Vanguard so my option is restricted to Vanguard product. I do not have any option to buy individual stock under their platform.

Which platform are you using to buy individual stock  under the SIPP wrapper ??

Is it allowed to open more than one SIPP account in the same taxy ears ??

adindas

Moe_The_Bartender said:

AnotherJoe said:

Since I started this thread, buying Tesla and Nio at pretty much same time, Tesla is up about 43% and Nio 33%. So since I was "forced" to buy the Nio in my SIPP at least the Tesla money in my ISA, is more easily accessible.
So my plan is to sell the Tesla sometime Monday after the split and then buy something with the £8k or so.  Did someone here mention SEA? Though that's had a fantastic run recently. Will look through again for other suggestions. 

Probably will let the Nio ride a while. 

SEA  - that would be me. It’s going to be huge.

Is SEA you mean Sea Ltd NYSE: SE ??

adindas

On August 3. 2020  Morningstar published an article abut 10 UK undevalued stock

https://www.morningstar.co.uk/uk/news/204527/10-undervalued-uk-stocks.aspx

British American Tobacco BATS
Meggitt MGGT
Imperial 1MB
Advanced Medical Solutions AMS
BP BP.
BT BT.A
HSBC HSBA
Lloyds LLOY
Royal Dutch Shell RDSB
WPP WPP

Source: Morningstar Direct. August 3. 2020

I am holding some of them. Barely make any profit currenlty, in fact many of them are in red now in my portfolios. But all of these stocks are currently on the dip and have big potential to recover reaching pre-covid19 price.

bowlhead99

adindas said:

AnotherJoe said:

Since I started this thread, buying Tesla and Nio at pretty much same time, Tesla is up about 43% and Nio 33%. So since I was "forced" to buy the Nio in my SIPP at least the Tesla money in my ISA, is more easily accessible.
So my plan is to sell the Tesla sometime Monday after the split and then buy something with the £8k or so.  Did someone here mention SEA? Though that's had a fantastic run recently. Will look through again for other suggestions. 

Probably will let the Nio ride a while. 

OMG Nio is now US20.43, 3X in just about three month, could you belive that !!! This EV stock will make us rich .... I regretted selling half of holding @$14.70, lol. Well but at that time I was already making 300% gain. But one af the main reason why I was selling it because I could see the potential problem with this chinese stock where I might be forced to sell them when the price is not in my favour as I am currrently hoding it under S&S ISA account.

I am currently holding all of my SIPP in Vanguard so my option is restricted to Vanguard product. I do not have any option to buy individual stock under their platform.

Which platform are you using to buy individual stock  under the SIPP wrapper ??

Is it allowed to open more than one SIPP account in the same taxy ears ??

You are allowed to open as many SIPPs as you like in a tax year, as long as your contributions don't go over your annual allowance (including carry-forward allowance) or the earnings limit.

It probably does make sense to get it out of your ISA while it is at a nice value before your broker realises their error and forces it to be sold or moved out of the ISA. If you think it's going to go up from here, it would use less pension allowance to move it into a pension now, if the annual allowance is likely to be an issue for you. 

I think AnotherJoe has his accounts at HL?  I use AJ Bell Youinvest who don't allow it in their SIPP ; HMRC would allow it, but it's up to the individual brokers and pension trustees to decide what they want to offer in their SIPPs, and Youinvest have taken the business decision not to offer NIO inside a SIPP which keeps things simple as it's not allowed in ISAs either. So my NIO holding is unwrapped, but I rarely go over the CGT exemption limit and they're not going to be paying much in the way of dividends.

adindas said:

Moe_The_Bartender said:

AnotherJoe said:

Since I started this thread, buying Tesla and Nio at pretty much same time, Tesla is up about 43% and Nio 33%. So since I was "forced" to buy the Nio in my SIPP at least the Tesla money in my ISA, is more easily accessible.
So my plan is to sell the Tesla sometime Monday after the split and then buy something with the £8k or so.  Did someone here mention SEA? Though that's had a fantastic run recently. Will look through again for other suggestions. 

Probably will let the Nio ride a while. 

SEA  - that would be me. It’s going to be huge.

Is SEA you mean Sea Ltd NYSE: SE ??

Yes, he mentioned it at https://forums.moneysavingexpert.com/discussion/comment/77512541#Comment_77512541 

bowlhead99

adindas said:

On August 3. 2020  Morningstar published an article abut 10 UK undevalued stock

https://www.morningstar.co.uk/uk/news/204527/10-undervalued-uk-stocks.aspx

I am holding some of them. Barely make any profit currenlty, in fact many of them are in red now in my portfolios. But all of these stocks are currently on the dip and have big potential to recover reaching pre-covid19 price.

As mentioned in the Times today, Lloyds makes a decent amount of income for its cost base but showed overall losses as they took a £several billion hit for bad debt provision in the first half of this year. As they note, "It is perhaps the most exposed of London’s heavyweight listed banks to the twists and turns of the British economy, with 26 million customers". They mention that the start of 2021 as we go forward with Brexit will be a turning point for the economy one way or another, and the scale of the pandemic’s impact has yet to be determined. 

They might have been hammered under Covid this year as interest rates fall to the floor and people lose their jobs, so the price is much lower than pre-crisis, but they're a bellweather for the UK economy and the UK economy isn't looking particularly strong. So doesn't seem clear that they should be anywhere near a list of shares that the OP would be able to use in a chain of quick 'doublers'.

FWIW I have a bit of LLOY (not massive exposure, probably about 10k shares, with a higher average cost than the recent 25-30p value) which I'll keep as a long term hold within my pension - but I only consider them a long term hold and not a 'short term speculative punt' as per thread title.  I have a lot more than that in their preference shares across my ISA and SIPP which have a good fixed dividend yield as long as the bank doesn't go bust or get bailed in, which I added to when the price was weaker a few months back.

adindas

bowlhead99 said:

You are allowed to open as many SIPPs as you like in a tax year, as long as your contributions don't go over your annual allowance (including carry-forward allowance) or the earnings limit.

I think AnotherJoe has his accounts at HL?  I use AJ Bell Youinvest who don't allow it in their SIPP ; HMRC would allow it, but it's up to the individual brokers and pension trustees to decide what they want to offer in their SIPPs, and Youinvest have taken the business decision not to offer NIO inside a SIPP which keeps things simple as it's not allowed in ISAs either. So my NIO holding is unwrapped, but I rarely go over the CGT exemption limit and they're not going to be paying much in the way of dividends.

Thansk for useful information.

I wonder how does the tax relief administration work when investing in individual stock in SIPP?? Do they add 20%-25% directly at the point when you are adding cash into that SIPP account???

I could see the potential benefit here is another 20-25% top up on your pension in addition to gain from individual stock investment.

For my S&S ISA I am currently using Trading 212 considering they do not charge a fee trading fee and fee/loading for transaction in foreign currency.  But they do not offer SIPP, so I cannot take advantage of the tax relief (additional contribution from HMRC) from cash that I am slowly diverting it from my cash in saving/current account which were already taxed. For this reason I might be looking into another platform offering Individual stock in SIPP for a flat fee for buying stock to get another 20-25% top up.

As the SIPP could only be accessed when you are 55+ it might be useful to invest in Individual stock for a long termholding that you will not sell it until you are 55+?? Is my understanding correct here or haveI missed something here ?

bowlhead99

adindas said:

bowlhead99 said:

You are allowed to open as many SIPPs as you like in a tax year, as long as your contributions don't go over your annual allowance (including carry-forward allowance) or the earnings limit.

I think AnotherJoe has his accounts at HL?  I use AJ Bell Youinvest who don't allow it in their SIPP ; HMRC would allow it, but it's up to the individual brokers and pension trustees to decide what they want to offer in their SIPPs, and Youinvest have taken the business decision not to offer NIO inside a SIPP which keeps things simple as it's not allowed in ISAs either. So my NIO holding is unwrapped, but I rarely go over the CGT exemption limit and they're not going to be paying much in the way of dividends.

Thansk for useful information.

I wonder how does the tax relief administration work when investing in individual stock in SIPP?? Do they add 20%-25% directly at the point when you are adding cash into that SIPP account???

They would add the 25% on top of your contribution (basic rate tax relief ; 100/80 = 1.25) after you have made the contribution.

Most cheap SIPP providers do not 'pre fund' your account with their own money, so you would not get it credited to your account until they had claimed it for you from HMRC, which they do each month (e.g. if you make contribution of cash by 5 September, they will put the claim in during September and the money will arrive late October... and similarly up to the last tax day of the year, you can contribute on 5 April and it will count as a contribution for that tax year with tax relief being claimed, even though the tax relief money doesn't arrive until June).   

So depending on whether your new money contributed to the account is just before or just after the cut-offs for their monthly claim, the 25% might take 6-10 weeks to arrive.

If you are a high rate taxpayer you would also do your own claim to HMRC at the end of the tax year, for example if you had paid in £80 and received £20 tax relief you would have a total in the account of £100, but as a high rate taxpayer it should have only cost you £60, so after you do your tax return they will send you £20 of cash to make up the difference. If you're only a basic rate taxpayer you don't need to worry about that part as there is nothing else to claim on top of what the provider gives you.

As the SIPP could only be accessed when you are 55+ it might be useful to invest in Individual stock for a long termholding that you will not sell it until you are 55+?? Is my understanding correct here or haveI missed something here ?

The SIPP is a bit like your ISA in that it is a 'wrapper' that sits around your account in which you are doing your investment. So if you buy something and it goes up in value and then sell it, you will have more money in the account than you started with - you can then use that money to buy something else. You don't literally need to keep the same investment as a long term holding that you don't sell until you are in your late 50s. You won't be able to take money out of the account until you are in your late 50s, but you don't need to keep the original investment. For example, you could buy NIO this week, then sell it next month and use the proceeds to buy TSLA, or split the money into buying a portfolio of other things, and then sell those next year and use the proceeds to buy a different company or an investment fund or ETF, etc etc.

Username999

Volex VLX.L looks interesting.
Supplies cables to, among others, EV companies.
Had a great run up recently.
Nat Rothschild is the Chairman of the Board, he just bought £825,000 worth of shares.

AnotherJoe

adindas said:

On August 3. 2020  Morningstar published an article abut 10 UK undevalued stock

https://www.morningstar.co.uk/uk/news/204527/10-undervalued-uk-stocks.aspx

British American Tobacco BATS
Meggitt MGGT
Imperial 1MB
Advanced Medical Solutions AMS
BP BP.
BT BT.A
HSBC HSBA
Lloyds LLOY
Royal Dutch Shell RDSB
WPP WPP

Source: Morningstar Direct. August 3. 2020

I am holding some of them. Barely make any profit currenlty, in fact many of them are in red now in my portfolios. But all of these stocks are currently on the dip and have big potential to recover reaching pre-covid19 price.

Hang on, I'll go and fetch my bargepole

adindas

bowlhead99 said:

It probably does make sense to get it out of your ISA while it is at a nice value before your broker realises their error and forces it to be sold or moved out of the ISA. If you think it's going to go up from here, it would use less pension allowance to move it into a pension now, if the annual allowance is likely to be an issue for you.

It is finally happening today. Trading 212 has announced the list of HMRC non compliance stock and we have been asked to close it by September 1, 2020 14.30 or they will manaually close it. But I managed to close all of my position here at US$19.85 so no complain here.

Tencent Entertainment is also included on the list.