Trading Financial markets : Investing

Long, short, Bitcoin, forex - Plenty of alternate market disuccsion.
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Euler
Posts: 17884
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Tue Aug 14, 2018 10:58 am

I have a dollar account with a US broker so I can trade / invest natively in the US.

I started investing during the maggie privatisation era and morphed from an early stab at TA to a long-term investor. You have to marvel at the returns you get by being completely apathetic. If you do your work up front and buy into fairly solid companies at a good price you generally do OK over time. If you exhibit some skill at identifying good opportunities you can really put on a decent return.

As a test, I took out a tracker when I first started and have left it to compound. It's miles behind my own portfolio now on the basis that I have almost zero frictional costs and I can elect not to buy what look like poor investments.

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marksmeets302
Posts: 508
Joined: Thu Dec 10, 2009 4:37 pm

Tue Aug 14, 2018 5:26 pm

I have a dollar account with a US broker so I can trade / invest natively in the US.
Unfortunately, no. Since a couple of months your broker will block you from trading the ETFs. The problem is as Nero Tulip describes, but it goes a bit further. The european commission has decided that all ETFs should comply with the PRIIPS regulation. Most notably this means there should be documents (called KID) for the ETFs, and these should be available in your own language. No big deal, but... PRIIPS also requires that in that document there is a section with optimistic, realistic and pessimistic returns. In the US, it is forbidden to include those numbers in the prospectus of an ETF. And there's the rub: you can't have two different sets of documentation identifying the same ETF.

I've been on a crusade against this idiotic regulation. Called the regulator, two lobby groups, a member of parliament and reached out to the european commission. Nothing happened. With any luck the regulation will be evaluated later this year.

But... I did learn that you can be exempt from this regulation if you qualify as a professional investor, and that's what I did. Ask your broker for the requirements. The 'professional' only refers to your level of expertise, it has nothing to do with the 'professional' in market data. In other words, the fees for market data and transactions are unchanged.

Or wait for brexit to happen if you live in the UK.

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Euler
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Tue Aug 14, 2018 5:38 pm

I'm unaffected by this legislation it seems.

LinusP
Posts: 1600
Joined: Mon Jul 02, 2012 10:45 pm

Tue Aug 14, 2018 8:03 pm

Euler wrote:
Tue Aug 14, 2018 10:58 am
I have a dollar account with a US broker so I can trade / invest natively in the US.

I started investing during the maggie privatisation era and morphed from an early stab at TA to a long-term investor. You have to marvel at the returns you get by being completely apathetic. If you do your work up front and buy into fairly solid companies at a good price you generally do OK over time. If you exhibit some skill at identifying good opportunities you can really put on a decent return.

As a test, I took out a tracker when I first started and have left it to compound. It's miles behind my own portfolio now on the basis that I have almost zero frictional costs and I can elect not to buy what look like poor investments.
Any advice to go with that?

DeepWire9
Posts: 6
Joined: Thu Feb 21, 2019 8:09 am

Tue Feb 26, 2019 7:17 am

I advise you to study the behavior of the main investors in this market (Buffett, Timur Artemev, Richard Dennis) These whales are influence the market. Also pay attention to the fundamental analysis and international news. Ideally find a mentor

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megarain
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Location: retired

Wed Jun 12, 2019 10:28 pm

Dumb Question.

I put 20k into an ISA last yr.

It's now worth 21.800.

Can I put another 20k into another ISA ? Do I have to take out the 1800 ? or just leave it etc.

Thx

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Euler
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Wed Jun 12, 2019 10:30 pm

If it was in the last tax year you are free to invest again. Just load up the ISA's as much as possible but mainly for capital gains.

greenmark
Posts: 364
Joined: Mon Jan 29, 2018 2:15 pm

Wed Jun 12, 2019 10:45 pm

Euler wrote:
Wed Jun 12, 2019 10:30 pm
If it was in the last tax year you are free to invest again. Just load up the ISA's as much as possible but mainly for capital gains.
If you're not an IFA you shoudn't advise anything other than "consult a qualified IFA or your bank/building society".

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megarain
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Wed Jun 12, 2019 11:00 pm

If you're not an IFA you shoudn't advise anything other than "consult a qualified IFA or your bank/building society".
Are u an IFA ?

Just to clarify .. I put 20k into a ISA in April 2018.

Can I put another 20k into another ISA now ? so both will be worth 40k ?

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Dallas
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Wed Jun 12, 2019 11:08 pm

megarain wrote:
Wed Jun 12, 2019 11:00 pm
If you're not an IFA you shoudn't advise anything other than "consult a qualified IFA or your bank/building society".
Are u an IFA ?

Just to clarify .. I put 20k into a ISA in April 2018.

Can I put another 20k into another ISA now ? so both will be worth 40k ?
Your ISA allowance is £20k again for 2019/2020 so yes you can add up to another £20K between now and Apr 2020

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