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Share Picks 2020

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Bob Harris

Kilboor wrote: »

"Fianna Fáil will pledge to reduce capital gains tax from 33 per cent to 25 per cent"

Never realised this was in FFs last manifesto. Let's see how this progresses as they enter govt with FG

Good for all CGT across the board but for investment gains it doesn't do much.
Increasing the exemption is what they should be doing but it appears to be set in stone.

antimatterx

Kilboor wrote: »

"Fianna Fáil will pledge to reduce capital gains tax from 33 per cent to 25 per cent"

Never realised this was in FFs last manifesto. Let's see how this progresses as they enter govt with FG

I still wouldn't vote for FF, but thats interesting. We need a better taxation model for investments.

Kilboor

antimatterx wrote: »

Irish taxes on investments make no sense to me. They're far too high. Obviously if you're paying tax, you're making money so you can't really complain, but I feel we have it harder than most trying to build wealth.

I've emailed the minister for finance regarding this and I only got an email from his secretary saying as I'm not in the constituency, they can't help me?

"Fianna Fáil will pledge to reduce capital gains tax from 33 per cent to 25 per cent"

Never realised this was in FFs last manifesto. Let's see how this progresses as they enter govt with FG

antimatterx

theboringfox wrote: »

I love ETFs and index investing but Irish taxes on same are lot higher than on regular shares arent they?

Also Im always wary of investing too much into dollar denominated assets.

Irish taxes on investments make no sense to me. They're far too high. Obviously if you're paying tax, you're making money so you can't really complain, but I feel we have it harder than most trying to build wealth.

I've emailed the minister for finance regarding this and I only got an email from his secretary saying as I'm not in the constituency, they can't help me?

I really want to invest in the S&P, but I don't fancy paying 41% on unrealised paper gains every 8 years.

theboringfox

I love ETFs and index investing but Irish taxes on same are lot higher than on regular shares arent they?

Also Im always wary of investing too much into dollar denominated assets.

Sorolla

Teslafan wrote: »

I have a fair bit of cash sitting in DeGiro. My Oil investments tanked and I'm getting cold feet.

I want to buy tech but feel there's a drop coming, I don't want to put it into a Vanguard S&P 500 ETF either as I feel that's in for a haircut too. Is my only option to transfer out?

What's the least riskiest option on DG currently?

Another alternative would be the vanguard all world ETF

it is widely diversified which always reduces risk

You are guaranteed to have all the worldwide winners and can expect (on average 6% growth pa )

Buy and hold - double your money in 12 years

Sorolla

Buy and hold is the only game in town.
Market timing does not work, otherwise we would all be billionaires.
Remember the market always reverts to the mean - everything else is noise

Constant trading makes money for the banks

A recent study of portfolios found the best performing portfolios were of investors that were long dead and no transactions were carried out for years

Frequent trading makes money only for the banks - never for the investor

buyer95

Kilboor wrote: »

https://www.businesswire.com/news/home/20200610005139/en/Groupon-Announces-1-for-20-Reverse-Stock-Split

There was a reverse stock split. You aren't actually up 2923%. Your 20 shares is now one share at 26.20 or there abouts

Ah that makes sense. Damn Revolut trading has not figured this out. Thanks

omerin

Its squeky bum time but i intend to hold firm, in fact i transferred some funds today despite a 15% loss in profit since my previous post.

Kilboor

buyer95 wrote: »

Looking for advice, I bough 20 shares in Groupon when it was dropping about 2 months ago for around 1.20, I just checked my portfolio this morning and see that my 20 shares are now worth 26.20 a share and it's up 2923% Obviously this is a total fluke, but I am just wondering would most people sell immediately at the opening bell at 2.30 today?

https://www.businesswire.com/news/home/20200610005139/en/Groupon-Announces-1-for-20-Reverse-Stock-Split

There was a reverse stock split. You aren't actually up 2923%. Your 20 shares is now one share at 26.20 or there abouts

Sorolla

TheWatcher182 wrote: »

Nothing to enjoy about the past 24 hours! Lost 2.7k profit in the space of a day. Hopefully a V shaped turn happens fast so I can learn my lesson and cash out before it dips again in a few weeks no doubt

The V shaped recovery is over.
Long term expect an L shape

Invest in Vanguard developed Europe ETF

EUROPEAN Stock is undervalued

buyer95

Looking for advice, I bough 20 shares in Groupon when it was dropping about 2 months ago for around 1.20, I just checked my portfolio this morning and see that my 20 shares are now worth 26.20 a share and it's up 2923% Obviously this is a total fluke, but I am just wondering would most people sell immediately at the opening bell at 2.30 today?

Nemeses2050

I would say accumulate bit by bit in pull backs. Most of the stocks are now back to last thursdays levels.

getting that timing right is so difficult. I cashed in AAL and NCHL before Friday....cursing myself for not holding them long....On other hand I was holding a couple of Oil stocks and thought will let them run now they're back to their levels where they started...

Sorolla

Teslafan wrote: »

I have a fair bit of cash sitting in DeGiro. My Oil investments tanked and I'm getting cold feet.

I want to buy tech but feel there's a drop coming, I don't want to put it into a Vanguard S&P 500 ETF either as I feel that's in for a haircut too. Is my only option to transfer out?

What's the least riskiest option on DG currently?

The vanguard s&p 500 has a very high PER of 21.5

I think the Vanguard Developed Europe (IE00B945VV12) which has a PER of 15,5 is much better value.

What do you think?

Supercell

theboringfox wrote: »

If you go back to mid May there was mini crash. Looks like great time to buy in hindsight. Part of me says buy into the pull back but think Im going to stay neutral. Not going to sell or buy. I have been buying on basis of holding minimum 5 years and already lost out bad on some panic sells. I am investing cash I do not need in next 5 years so I just need to sit back and enjoy the ride now for a while.

Yep, I got badly burned by trying to time the market before. Have seen my recent gains wiped out in the last two days however I believe in the companies and have little doubt a year from now they will be back to pre covid levels or close to them so taking the long term view. However I will add to them on the way down and take advantage of the likes of TTD which usually completely collapses when the market drops and recovers first too.
Hate the current market instability, looking forward to boring <1% days again in the future when calmer decisions can be made!

TheWatcher182

theboringfox wrote: »

If you go back to mid May there was mini crash. Looks like great time to buy in hindsight. Part of me says buy into the pull back but think Im going to stay neutral. Not going to sell or buy. I have been buying on basis of holding minimum 5 years and already lost out bad on some panic sells. I am investing cash I do not need in next 5 years so I just need to sit back and enjoy the ride now for a while.

Nothing to enjoy about the past 24 hours! Lost 2.7k profit in the space of a day. Hopefully a V shaped turn happens fast so I can learn my lesson and cash out before it dips again in a few weeks no doubt

theboringfox

If you go back to mid May there was mini crash. Looks like great time to buy in hindsight. Part of me says buy into the pull back but think Im going to stay neutral. Not going to sell or buy. I have been buying on basis of holding minimum 5 years and already lost out bad on some panic sells. I am investing cash I do not need in next 5 years so I just need to sit back and enjoy the ride now for a while.

Kilboor

Happy with the gains I've made over the last month or so if this is to be the end of it.

Holding $BBI currently with a price target of 2 dollars. Not much in the way of catalysts here, I think it's undervalued but with negative market sentiment likely today again I wouldn't be jumping into it madly.

Nemeses2050

MikeSoys wrote: »

maybe hold until you hit your pre planned percent loss before selling...seems people are buying ..maybe trading these stocks ..you might be able to get out without getting burned... but buying LK , hertz is not investing ..its just gambling..

Wasn't comfy holding it overnite, sold it.

Europe and US futures bleeding today.

Teslafan

I have a fair bit of cash sitting in DeGiro. My Oil investments tanked and I'm getting cold feet.

I want to buy tech but feel there's a drop coming, I don't want to put it into a Vanguard S&P 500 ETF either as I feel that's in for a haircut too. Is my only option to transfer out?

What's the least riskiest option on DG currently?

Supercell

The market is worse than bitcoin these last few months with its wild swings, are we at the beginning of another rollover? Happy enough that the main stocks i have will come out the other side so will just take the pain until some sense of normality returns on those. Could be some great long term opportunities in REITs and some short term ones in tech stocks like TTD which get wrecked on rollovers and rapidly recover.

NickSantigo

theboringfox wrote: »

I have absolutely no idea on timing but if I am looking out a few years I think we will look back at current prices and say they were a bargain. I am only putting money into the majors. I like the long term strategy of likes of Shell who are planning to diversify away more and more from oil. I prefer the oil stocks as general bet on recovery versus going sector specific. Hard to know though. In general if there is value left I think it is more on oil and energy side of market.

I agree with your thinking on Shell. I also like the way they plan to move away from being an oil company to an energy company over the next decade.

Nobody has any idea about timing. If they did they'd be a billionaire. FWIW I am adding small amounts to my small position every month as I believe there are still a lot of ups and downs to come. If you are holding for three years plus this could be a solid investment imo

Lex Luthor

SDRL has been pumping/dumping/pumping the last few days, massive swings

theboringfox

I have absolutely no idea on timing but if I am looking out a few years I think we will look back at current prices and say they were a bargain. I am only putting money into the majors. I like the long term strategy of likes of Shell who are planning to diversify away more and more from oil. I prefer the oil stocks as general bet on recovery versus going sector specific. Hard to know though. In general if there is value left I think it is more on oil and energy side of market.

MikeSoys

jams100 wrote: »

Should oil stocks be held or sold? (MRO)
In two minds, feel it might fall a bit in the short term but rise in the medium term, what are other people's thoughts on Oil stocks?

personally I think there needs to be a pull back oil is okay but would only br looking at the global players BP.L, Chevron or shell...

MikeSoys

Nemeses2050 wrote: »

I burnt my fingers today with Hertz, nothing major but still a little dent. there was no trade it is clearly on a downward spiral still went chasing it...feckin idiot

maybe hold until you hit your pre planned percent loss before selling...seems people are buying ..maybe trading these stocks ..you might be able to get out without getting burned... but buying LK , hertz is not investing ..its just gambling..

jams100

Should oil stocks be held or sold? (MRO)
In two minds, feel it might fall a bit in the short term but rise in the medium term, what are other people's thoughts on Oil stocks?

Bob Harris

Nemeses2050 wrote: »

I burnt my fingers today with Hertz, nothing major but still a little dent. there was no trade it is clearly on a downward spiral still went chasing it...feckin idiot

Be grand...500m mkt cap...huge brand...be another spike, just sit tight and if not no harm done

Nemeses2050

Kilboor wrote: »

Definitely won't be investing in LK or HERZ but people are making money on the bankruptcy pumps - Hertz, JCPenney to name but 2.

I burnt my fingers today with Hertz, nothing major but still a little dent. there was no trade it is clearly on a downward spiral still went chasing it...feckin idiot

Kilboor

MikeSoys wrote: »

Nasdaq record close... 20% is Fangs...

markets moving based on view were passed the worst.. but seems to be allot of buys... its bubble like behaviour IMO.....

..i need to stop watching cnbc- thry are always optimistic ... but they are carefull adding caution..
GOLD IS UP ..maybe NOT the time to invest in LK, HERZ.. .. look at the too big to fail chaps...
..dont fight the fed...

Definitely won't be investing in LK or HERZ but people are making money on the bankruptcy pumps - Hertz, JCPenney to name but 2.