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Share Picks 2020

beertons

Shoot.

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cronos

Alibaba certainly made sense when I bought it a week ago financially haha

riddles

The Phantom Jipper wrote: »

GEVO has been doing quite well since you mentioned it yesterday!

There’s a good bit more wind in GEVO sails

Nonoperational

DutchYurt wrote: »

There are two types of investors which I've read someone more seasoned comment on before, the analytical who looks at all the financials, debt, cashflow, charts etc and the feelers meaning they have a feeling about a company, market, industry, ones for want of a better example have a good feel on macroeconomics, governments/political movements, societal physcology/consumerism etc (Investing in epic games because of fortnite because everyone was playing it, investing in work from home tech at the news of a pandemic etc).

Of course it's good to have the the fundamentals covered but with the current market the finances don't make sense, some companies with incredible Q1 results drop 10% and other companies fly up 20% on a rumour. Bit of a crapshoot at the moment for both types!

Then again what do I know.. just my two cents. I'm not writing any books on it any time soon

Agree entirely. But at the moment it’s such a bull market that having a tactical war chest for short term holdings makes sense. I’ve most of my portfolio in what I deem to be solid and reasonably priced instruments, but I’ve made as much on 10 plug power call options in the past few months than the rest of my portfolio combined. I’m under no illusion this will continue but my outlook for 2021 would be positive possibly after a pull back at the start of the year.

md23040

Can anyone advise what’s the best way to utilise the CGT bands for Ireland. Do you need to bed and breakfast the stocks with a quick sell and buy back to lock in the gains. Do you just sell the cash positive stocks or the whole lot.

Treppen

md23040 wrote: »

Can anyone advise what’s the best way to utilise the CGT bands for Ireland. Do you need to bed and breakfast the stocks with a quick sell and buy back to lock in the gains. Do you just sell the cash positive stocks or the whole lot.

Look back for Rigolo post in this thread. Something about 'bedding a spouse' is the best way forward .

Bob Harris

md23040 wrote: »

Can anyone advise what’s the best way to utilise the CGT bands for Ireland. Do you need to bed and breakfast the stocks with a quick sell and buy back to lock in the gains. Do you just sell the cash positive stocks or the whole lot.

Use it to offset gains of up to €1270, you can buy back whenever you like in the case of gains.

Use any loss to offset tax on realised gains.
But if you use a loss to offset gains you cant buy the same shares back for 28 days.

If you do want to buy them back with less than 28 days you cant use the loss.

The CGT rate and exemption in Ireland are ridiculous. It's about 12k in the UK by comparison. The rate at 33% is also excessive. You're investing already taxed income, assuming risk and then your reward is to give 33% of it away.

The rate and threshold really need revision.
A 10k threshold at least and a maybe a tiered rate based on how long you've held for <12 months > 12 months.

Stablelad123

Nonoperational wrote: »

Agree entirely. But at the moment it’s such a bull market that having a tactical war chest for short term holdings makes sense. I’ve most of my portfolio in what I deem to be solid and reasonably priced instruments, but I’ve made as much on 10 plug power call options in the past few months than the rest of my portfolio combined. I’m under no illusion this will continue but my outlook for 2021 would be positive possibly after a pull back at the start of the year.

So you're a Value investor who dabbles in ST trades when the opportunity arises? I'm sure some on here would have you believe they're mutually exclusive. Kudos to you.

For anyone who is amazed at the rampant speculation on this board please do yourself a favor and check out the trading volume on some of the mentioned stocks. Some of them are turning over the floating stock x times daily. Serious money driving these at the moment.

Nonoperational

Stablelad123 wrote: »

So you're a Value investor who dabbles in ST trades when the opportunity arises? I'm sure some on here would have you believe they're mutually exclusive. Kudos to you.

For anyone who is amazed at the rampant speculation on this board please do yourself a favor and check out the trading volume on some of the mentioned stocks. Some of them are turning over the floating stock x times daily. Serious money driving these at the moment.

My underlying strategy is to buy and hold, be that indices or what I believe to be good companies. I could be proven to be yet another idiot that loses it all yet, I’m under no illusions. But there is massive momentum in the market at the moment. To the extent that a 30% rise in a stock is seen as almost a non issue. It’s a bit bizarre but there are opportunities to be had.

retalivity

Only US markets opened today right?

Doodee

Degiro wrote:

PILBARA MINERALS LTD has announced an upcoming rights issue, for which you may find the details below:

Exercising 1 right gives you the possibility to acquire 1 new share at a price of 0.36 AUD per share.
New shares will be delivered under the following ISIN: AU000000PLS0.
These rights are not tradeable.
The internal deadline for submitting your instructions is set for the 5th of January 2021 at 13:00 GMT.

Anyone going for it?
Took PLS quite a while to return from its lows so wondering how current price will be impacted. Tempted to take some profit but FOMO is playing its hand.

Bob Harris

retalivity wrote: »

Only US markets opened today right?

Most of Europe is open just not the UK or Ireland.

Thargor

Doodee wrote: »

Anyone going for it?
Took PLS quite a while to return from its lows so wondering how current price will be impacted. Tempted to take some profit but FOMO is playing its hand.

Yeah Im going for it, lithium just starting another bull run and they're offering 88c shares for 36c? No brainer imo, if thats not good enough to take a punt on what is?

[Deleted User]

Doodee wrote: »

Anyone going for it?
Took PLS quite a while to return from its lows so wondering how current price will be impacted. Tempted to take some profit but FOMO is playing its hand.

Yes I'm going for it, at .36AUD a share even if the share price drops a lot you should be up. I sent Degiro my order email earlier today

Liamo_mu

Zoom is down a hell of a lot

beertons

[Deleted User] wrote: »

Yes I'm going for it, at .36AUD a share even if the share price drops a lot you should be up. I sent Degiro my order email earlier today

Is this a spin off or a new company? I'm lost.

Thargor

beertons wrote: »

Is this a spin off or a new company? I'm lost.

No its a rights issue, every 7 shares you held in PLS entitles you to buy 1 of the new shares for 36c, they issued a load of new ones to pay for acquiring a load of assets recently. Still risky but I had them written off and they're suddenly looking very interesting again.

bcklschaps

Palantir had a really bad day. -8% today. Other 'new' Tech stocks down as well. I wonder is this some kind of re-balancing?

Nonoperational

bcklschaps wrote: »

Palantir had a really bad day. -8% today. Other 'new' Tech stocks down as well. I wonder is this some kind of re-balancing?

Impossible to know. Could be some year end profit taking and they could all be up 10% tomorrow. Bought some NET calls with a low threshold to close if not looking good.

Doodee

Thargor wrote: »

No its a rights issue, every 7 shares you held in PLS entitles you to buy 1 of the new shares for 36c, they issued a load of new ones to pay for acquiring a load of assets recently. Still risky but I had them written off and they're suddenly looking very interesting again.

The ratio is 5 rights distributed for every 38 shares.

Green&Red

riddles wrote: »

There’s a good bit more wind in GEVO sails

No kidding, 65% in the last week

Up 85% since mid November

beertons

Thargor wrote: »

No its a rights issue, every 7 shares you held in PLS entitles you to buy 1 of the new shares for 36c, they issued a load of new ones to pay for acquiring a load of assets recently. Still risky but I had them written off and they're suddenly looking very interesting again.

131 shares offered, based on my 1000 in PLS.

voodoo

4D Pharma finally taking a bit of a jump and back in the green overall... not sure what caused it though... no major news coming out of them

The Phantom Jipper

Motley Fool's 10 stocks for 2021 released recently;

Appian
Cloudflare
Fiverr
Fulgent Genetics
Lemonade
Mercado Libre
Okta
Pinterest
Shopify
Zoom

Feel like I've missed the boat on a lot of these already but interesting to see how they get on. Having sold out of Lemonade a week or so ago, I'd be happy not to see this one do well next year!

Timmaay

The Phantom Jipper wrote: »

Motley Fool's 10 stocks for 2021 released recently;

Appian
Cloudflare
Fiverr
Fulgent Genetics
Lemonade
Mercado Libre
Okta
Pinterest
Shopify
Zoom

Feel like I've missed the boat on a lot of these already but interesting to see how they get on. Having sold out of Lemonade a week or so ago, I'd be happy not to see this one do well next year!

Nice dip across the last 2 days in a few of them, I've picked up some Cloudflare Fiverr Pinterest, alongside Square, APPs, Xpeng, JD.com and PACB, I'm banking on this selloff just being people taking profit for end of year taxes in the USA.

My only regret is I didn't go swing trade NNDM some bit, big pump to 10.50 last week followed by an offering yesterday, down to sub8 but held nicely as loads of buying, strong talk of them making an acquisition of a private company, which will hopefully be a manufacturing company to let them build alot more of their machines for cheaper.

Pelezico

4d will have NASDAQ listing and may become more liquid. Also more access to capital...maybe that explains the move.

Looking good at the moment.

riddles

Hi

I had a nominee account with Davy whic I closed this year confirming a loss of 50k on Irish bank shares from 2008.

I opened a DEGIRO account made about 18k net profit on what was bought and sold overall.
I would like to submit a tax return to record all an ensure the loss is carried forward.

18k minus 33% cgt 5940 minus 1270 exemption 4670 tax liability (if married and assessed as a couple is it possible to add the second exemption?)

50k-4670 loss to carry forward 45330€

Is this correct an if so what form
On revenue.ie needs to be submitted?
Thanks

I assume dividends are paid at your rate of PAYE tax rate?

For the shares do I simply need to complete the CGT form?

DO i need to pay any tax in this calendar year?

commited

riddles wrote: »

Hi

I had a nominee account with Davy whic I closed this year confirming a loss of 50k on Irish bank shares from 2008.

I opened a DEGIRO account made about 18k net profit on what was bought and sold overall.
I would like to submit a tax return to record all an ensure the loss is carried forward.

18k minus 33% cgt 5940 minus 1270 exemption 4670 tax liability (if married and assessed as a couple is it possible to add the second exemption?)

50k-4670 loss to carry forward 45330€

Is this correct an if so what form
On revenue.ie needs to be submitted?
Thanks

I assume dividends are paid at your rate of PAYE tax rate?

For the shares do I simply need to complete the CGT form?

DO i need to pay any tax in this calendar year?

Did you sell all the shares this year when you closed your Davy account i.e. were the €50k losses realised this year? If so, your loss to carry forward is your net loss, so €32k based on your above figures. Losses have to be used before the €1270 so it isn't relevant for you.

You'll need to declare this on your form 11.

Dividends are treated as income and taxed accordingly, UK, US, Irish and foreign shares are all treated differently.

If married, ensure that your share accounts are in joint names to maximise tax opportunities. This is also an important factor when declaring losses etc if jointly assessed.

Might be best for you to get some advice if uncertain!

Mi1234

The loss of 50k is offset against the gain of 18k and the balance is carried forward. No Cgt arises for 2020 due to enough loss to cover the gain.
The taxes on dividends are paid as on any other earned income by including them on your tax return for 2020

crushproof

The Phantom Jipper wrote: »

Motley Fool's 10 stocks for 2021 released recently;

Mercado Libre

I spotted this at the start of the year but totally forgot about it, checked in a couple of months ago and was kicking myself. Sensational returns YTD, no idea how much further it can go though

riddles

commited wrote: »

Did you sell all the shares this year when you closed your Davy account i.e. were the €50k losses realised this year? If so, your loss to carry forward is your net loss, so €32k based on your above figures. Losses have to be used before the €1270 so it isn't relevant for you.

You'll need to declare this on your form 11.

Dividends are treated as income and taxed accordingly, UK, US, Irish and foreign shares are all treated differently.

If married, ensure that your share accounts are in joint names to maximise tax opportunities. This is also an important factor when declaring losses etc if jointly assessed.

Might be best for you to get some advice if uncertain!

thanks, the 2020 form doesn't need to be completed before October 2021?