Share Portfolio 2020

pellow · Jan 2, 2022

also 99% of crypto is going to be worthless at some point soon, people are putting their money to sleep hoping somebody else is going to buy it off them for more than they paid, or that its going to be used as currency.

I know people buying crypto who are saying, just want to have some in case, its total nonsense

Clive · Jan 2, 2022

pellow said:
also 99% of crypto is going to be worthless at some point soon, people are putting their money to sleep hoping somebody else is going to buy it off them for more than they paid, or that its going to be used as currency.

I know people buying crypto who are saying, just want to have some in case, its total nonsense

my Nividia and AMD shares have been star performers this last 12 months - in a gold rush its the guys selling the shovels that make all the money

Humble Village Farmer · Jan 3, 2022

Bwcho said:
Fortune favours the brave.

Clive said:
my Nividia and AMD shares have been star performers this last 12 months - in a gold rush its the guys selling the shovels that make all the money

What do they do?

Still Farming · Jan 3, 2022

caveman said:
Made over £600 in a couple of hours trading a few RR on HL a couple of weeks ago.

Use must of had thousands in there then as only moved 50 points max?

caveman · Jan 3, 2022

Still Farming said:
Use must of had thousands in there then as only moved 50 points max?

Bought at approx 125.6
Sold at approx 130.3

Hoping Sainsburys had a good Christmas now.

Clive · Jan 3, 2022

Humble Village Farmer said:
What do they do?

they both make GPU’s - the graphic cards that power crypto mining, online gaming and pretty much all computing. My SIP is looking a lot more healthy thanks to them

Humble Village Farmer · Jan 3, 2022

This might change the tone slightly.

Evergrande suspends shares in Hong Kong as firm tries to raise cash

The move comes as the indebted property developer struggles to raise cash to meet its obligations.

www.bbc.co.uk

Ashtree · Jan 3, 2022

I see more and more Wall St types, are now saying crypto has a place in a balanced portfolio. Many fund managers now taking some positions on crypto, as a hedge against the US Dollar “going to pot”!
Regulated ETF funds are now available, which are based on crypto.

Clive · Jan 3, 2022

pellow said:
also 99% of crypto is going to be worthless at some point soon, people are putting their money to sleep hoping somebody else is going to buy it off them for more than they paid, or that its going to be used as currency.

I know people buying crypto who are saying, just want to have some in case, its total nonsense

it’s here to stay like it or not (and there is a lot to like if you live in a dictatorship or country with million% inflation like Venezuela)

only way it stops is if the internet ends (unlikely !) It can nor be banned or shut down

its value however could become nothing …….. or everything ! I think "nothing" is extremely unlikely now however

risking more than you can afford to loose would be a massive mistake - equally risking having none could be an equally big mistake when it could become 100% of wealth in the future !

it has a very legitimate place in investment portfolios

MrNoo · Jan 3, 2022

Ashtree said:
I see more and more Wall St types, are now saying crypto has a place in a balanced portfolio. Many fund managers now taking some positions on crypto, as a hedge against the US Dollar “going to pot”!
Regulated ETF funds are now available, which are based on crypto.

I have a load, very volatile and is 24hrs a day, as Clive says you've got to be prepared to loose it but hope you dont.
A lot think it's a quick turn around, this time next week you'll be millionaires etc etc. Yes you can make an awful lot of money very quickly but the real rewards come from long term.
Although most crypto prices follow Bitcoin, so when it has a bad day the rest do too, have had a lot out of Polygon Matic of late. But it's not unusual to look on your phone and see your portfolio 40-50% down, it soon bounces back.!!

Chickcatcher · Jan 3, 2022

Best investment last year was paid for in October @41% of what its value and sold on for on Jan 2nd, 22 good old CF

Northern territory · Jan 3, 2022

MrNoo said:
I have a load, very volatile and is 24hrs a day, as Clive says you've got to be prepared to loose it but hope you dont.
A lot think it's a quick turn around, this time next week you'll be millionaires etc etc. Yes you can make an awful lot of money very quickly but the real rewards come from long term.
Although most crypto prices follow Bitcoin, so when it has a bad day the rest do too, have had a lot out of Polygon Matic of late. But it's not unusual to look on your phone and see your portfolio 40-50% down, it soon bounces back.!!

Is that holding actual currency or trading it. Can you get it out into sterling easily or is that not really the name of the game.

MrNoo · Jan 3, 2022

Northern territory said:
Is that holding actual currency or trading it. Can you get it out into sterling easily or is that not really the name of the game.

Just use eToro, buy as much as you want when you want, the spread is a pain but then no fees, cant have it all ways but does preclude you from day trading unfortunately. So no I dont actually have the coins etc, its just like using a trader and them hold all the shares etc.
Most is traded in $ but is very simple to get money out, just say how much and it normally is in your account within 2 days, you also have the exchange rate, so can make there or loose depending when you pull money out.
It's a simple very easy to use platform but the spread is a pain!!

Lincsman · Jan 3, 2022

MrNoo said:
Just use eToro, buy as much as you want when you want, the spread is a pain but then no fees, cant have it all ways but does preclude you from day trading unfortunately. So no I dont actually have the coins etc, its just like using a trader and them hold all the shares etc.
Most is traded in $ but is very simple to get money out, just say how much and it normally is in your account within 2 days, you also have the exchange rate, so can make there or loose depending when you pull money out.
It's a simple very easy to use platform but the spread is a pain!!

If the web site disappears in the morning to never be seen again do you have any guarantees like the £80+K in a bank?

Still Farming · Jan 3, 2022

Lincsman said:
If the web site disappears in the morning to never be seen again do you have any guarantees like the £80+K in a bank?

Depends Country bought and regulated by possibly.

MrNoo · Jan 3, 2022

Lincsman said:
If the web site disappears in the morning to never be seen again do you have any guarantees like the £80+K in a bank?

Any portfolio up to £1mil is insured

Renaultman · Jan 3, 2022

What about getting involved through my broker?
Any thoughts on Bitcoin group SE

MrNoo · Jan 3, 2022

Renaultman said:
What about getting involved through my broker?
Any thoughts on Bitcoin group SE

Broker will charge you but I would assume also advise.
BTC is around 46k at the moment having dropped back from 68k, could go either way.

Renaultman · Jan 3, 2022

MrNoo said:
Broker will charge you but I would assume also advise.
BTC is around 46k at the moment having dropped back from 68k, could go either way.

As Clive said, we may regret not getting involved and this seems a lazy Mandy way of doing it. Got Morrisons money to reinvest somewhere.

oil barron · Jan 3, 2022

Renaultman said:
As Clive said, we may regret not getting involved and this seems a lazy Mandy way of doing it. Got Morrisons money to reinvest somewhere.

Just sign up for eToro and buy some Ethereum. It is going to become the dominant coin as it has a use case.

Share Portfolio 2020

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100% I’ve had enough of farming!

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