Your Portfolio (12 Viewers)

shmmeee said:

Still not got all the details but they’re talking about £6k+ on target, which according to Google I’d only see just over £3k of as it would be paid in one lump sum in my pay packet.

I just know as I’m PAYE if I do nothing they’ll do that stupid thing where they think that’s your new salary for the year and massively over tax you.

It’s all new to me though. Most I’ve ever had before was a one off couple of hundred quid in my pay packet.

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Think someone else has also mentioned it-bang it into an AVC which is seperate from your pension but tops it up if you like (basically it’s just stock piling money for later on after 55).
Good thing is that it’s taken out before deductions so for every £80 you put in it’s really worth £100 because if no tax being payed. Not sure there will ever be a bank who will give you 1/5 return on your brass!
Depends obviously which pension scheme your employer is part if, or if you are actually in your employers pension scheme at all!?

Adge said:

Think someone else has also mentioned it-bang it into an AVC which is seperate from your pension but tops it up if you like (basically it’s just stock piling money for later on after 55).
Good thing is that it’s taken out before deductions so for every £80 you put in it’s really worth £100 because if no tax being payed. Not sure there will ever be a bank who will give you 1/5 return on your brass!
Depends obviously which pension scheme your employer is part if, or if you are actually in your employers pension scheme at all!?

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We get the legal minimum out into some kind of pension. Not sure of the details.

shmmeee said:

We get the legal minimum out into some kind of pension. Not sure of the details.

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Think it’s 40k

so bitcoin is around 50% off where it was a couple of months ago (same for other digital currencies)
I expect it to drop further yet, with the uncertainty, but either
a) it is the end of bitcoin (unlikely) or
b) There will be some bounceback at some point
Any speculation as to where the bottom of the market will be for the best value in?

some of that is exchange rate, and I can only really see the £ strengthening over the next 12 months by 5-10% which will cause a further drop.
My opinion is we may see bitcoin in the region of £17k and at that point, there is opportunity

The first search engine was Alta vista, then came excite, web crawler, Lycos, Netscape , yahoo and finally Google The first video technology was Betamax, then came VHS, VCD, DVD, Blueray, MP4 etc… History suggests that the first concept never survives to become the eventual standard If you think Bitcoin will survive , you are dreaming -Adam Khoo.

China continuing to squeeze re Alipay and mining, though likely to still have a role in money laundering....

wtfdik, dyor, atb, gla etc etc

I don’t understand it all to be honest, I invest in something that I have knowledge about and therefore can have some kind of idea of whether it’s going to be successful, this lot it just seems too volatile

Bitcoin exchange Binance banned from UK as crypto frauds double

The City watchdog has ordered the company to remove all advertising and financial promotions by Wednesday

The City watchdog has banned one of the world’s largest Bitcoin exchanges from operating in Britain amid mounting fears over the rise of cryptocurrency crime.

The Financial Conduct Authority ordered Binance Markets Limited to remove all advertising and financial promotions by Wednesday and told the firm it must not carry out any regulated activities in Britain without prior consent.

The FCA’s action comes just two days after the Japanese financial regulator issued a consumer warning against Binance. US and German regulators have also raised concerns over the firm’s activities.

The move is part of a broader crackdown on unregulated crypto activity in the UK.
In January, the FCA became the anti-money laundering and counter-terrorist financing supervisor for cryptocurrency firms. Since the beginning of the year, crypto-related businesses have been required to register with the watchdog before doing business in the UK, though most firms have been granted “temporary registration” until July.

The watchdog’s Mark Steward said last week that 111 “high risk and volatile” unregulated crypto firms were still operating in Britain, posing a “very real risk” to consumers.

The FCA said that Binance withdrew its application to become a regulated entity last month following “intensive engagement” with the watchdog.

It said that of the cryptocurrency firms it had assessed to date, over 90pc had withdrawn their applications.

A spokesman for the FCA said: “A significantly high number of cryptoasset businesses are not meeting the required standards under the money laundering regulations, which has resulted in an unprecedented number of businesses withdrawing their applications.

“The action taken today on Binance Markets Limited has been in train for some time.”
From Wednesday, the firm will have to display a prominent message on its website and mobile app warning consumers that it is not permitted to undertake regulated activity in the UK.

The FCA also ordered that the firm secure and preserve all records relating to its British consumers in their original form to be provided to the watchdog on request.
Advertisement

Binance is one of the largest cryptocurrency exchanges globally. Founded by Canadian-Chinese developer Changpeng Zhao, the firm launched Binance Markets Limited last year as a platform for UK investors to buy and trade cryptocurrencies with Pounds and Euros.

In May, banks including Monzo, Barclays and Starling blocked customers from transferring money to platforms including Binance and SwissBorg Credit: Monzo

The FCA issued a warning to consumers that no other entity of the Caymans Island-based Binance Group holds any form of authorisation, registration or licence to conduct regulated activity in Britain.
Last month the company came under investigation from the US’s Justice Department and Internal Revenue Service, as part of a probe into money laundering and tax offenses, according to Bloomberg.
In April, the German financial watchdog warned the firm that it could be fined for offering securities-tracking digital tokens without publishing an investor prospectus.

The watchdog’s action echoes a broader move in the financial services sector against unregulated cryptocurrency firms.

In May, banks including Barclays, Monzo and Starling blocked customers from transferring money to platforms including Binance and SwissBorg, citing “high levels of suspected financial crime with such payment”.

The number of cryptocurrency investment frauds reported to authorities doubled last year as the price of Bitcoin skyrocketed.

Action Fraud, the national reporting centre for cybercrime, received 7,014 complaints in the year to March 2021 compared with 3,608 in the previous 12 months, the law firm Pinsent Masons said.
Fraudulent schemes ranged from criminals impersonating popular cryptocurrency advocates such as Elon Musk, “rug pull” schemes where seemingly legitimate cryptocurrency companies disappear with consumers’ money, and “pump and dump” schemes where fraudsters drive up the price of worthless assets before selling out.

A separate Action Fraud report, published in April, estimated that £113m was lost to cryptocurrency fraud in 2020.

Oh dear!

shmmeee said:

This seems like a decent place to ask. Works bringing in a bonus structure, I’ve never worked anywhere with a bonus before. Just looking into it and it’s taxed like income so I stand to lose a few thousand to tax if/when it comes. Is there any smart thing I can do to reduce my tax burden on that or should I be a good socialist and suck it up?

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Lol

The bonus is paid as salary and will be taxed by payroll before you get it so if you currently earn at the above 40% threshold it’s taxed as normal income - you get around 55% in your pay.

if the company has a company pension scheme which you contribute into it may be that you are allowed to make greater contributions than you are and can elect to do that by notifying the pension company - it may if it’s a private scheme like Scottish widows allow an AVC which will reduce overall tax burden so at least the money is going to a pension rather than taxation

I assume it’s paid in the next financial year - I e at year end so you have time to look at it

skyblue1991 said:

It's the 6th June so exactly 12 months after I started my MoneyBox S&S ISA. No change to the deposit or saving setting

I now have £3300.42 making 9.5%

Really pleased with that and hope it continues!

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As of this morning I now have £4298.33 in my MoneyBox S&S ISA, making 14.68%

Wont be stopping anytime soon!

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shmmeee said:

This seems like a decent place to ask. Works bringing in a bonus structure, I’ve never worked anywhere with a bonus before. Just looking into it and it’s taxed like income so I stand to lose a few thousand to tax if/when it comes. Is there any smart thing I can do to reduce my tax burden on that or should I be a good socialist and suck it up?

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I reccomend posting your question on Reddit (UK Personal Finance subreddit) or the Money Saving Expert forum if you need further guidance



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skyblue1991 said:

As of this morning I now have £4298.33 in my MoneyBox S&S ISA, making 14.68%

Wont be stopping anytime soon!

Sent from my I3113 using Tapatalk

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Be careful. There will be a market correction once interest rates rise
Low risk will soon be the way forward whilst it all stabilises

Anyone on here mining Helium?

I've just come across Free Trade. I must admit not certain what it's like as an Investment Platform but it's FCA related and all.

They are currently running an offer where if you sign up and deposit £1, you are eligible for a one-off random share worth between £3 and £200. If you're interested, you can sign up here:

https://magic.freetrade.io/join/alexander/050525a7

(Note this is a link for which I'd also earn a free share - please remove if not allowed)

Did anyone get onto OCGN? been holding since Feb and today is meant to be the day COVAXIN get WHO approval! up 30% premarket - could see 100%+ returns today

Anyone here make use of fractional shares?

My portfolio has been exclusively managed funds because I'm relatively new to the investing game most of the stocks that I'd be interested in are more than I can afford.

I understand you will get fractional dividend payouts but I'm a little unclear on how stock growth works. Shopify is up by 0.49% today, for arguments sake if I had £200 in that stock would it rise by 0.49%? Can't seem to find it in that kind of black and white detail in the articles I've read!

skyblue1991 said:

As of this morning I now have £4298.33 in my MoneyBox S&S ISA, making 14.68%

Wont be stopping anytime soon!

Sent from my I3113 using Tapatalk

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Now up to £5191.46 this morning and making 17.75% which is the highest it has ever been!

Dropped to about 11% the other week but you have to play the long game with this, and so far I think I'm winning!

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Question for the experts on here. Been sorting out paperwork for my parents as my Dads in one of his 'I won't be here much longer you need to know where everything is' phases and for some random reason he's got 242 shares in M&S that he didn't know about.

They're old paper shares and not worth remotely what he paid for them, totals about £540. What's the best option? Presumably paper shares aren't really a thing now so how do you go about converting them to digital?

Not sure if its best to cash it out, just leave it in case by some miracle they go back up or trade in and buy something else.

It's been a rough month or so and the majority of my managed funds are now in the red. My American fund taking the biggest beating.

Anyone else made losses? Might make me feel better.

Mr Panda said:

It's been a rough month or so and the majority of my managed funds are now in the red. My American fund taking the biggest beating.

Anyone else made losses? Might make me feel better.

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Yep, ftse’s been going up, my shares going down….and don’t get me started on crypto !

Mr Panda said:

It's been a rough month or so and the majority of my managed funds are now in the red. My American fund taking the biggest beating.

Anyone else made losses? Might make me feel better.

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10% down over the month (since last month), but 10% up over the two years I've been dabbling.

It's not timing the the market, it's time in the market.

Don't panic.

chiefdave said:

Question for the experts on here. Been sorting out paperwork for my parents as my Dads in one of his 'I won't be here much longer you need to know where everything is' phases and for some random reason he's got 242 shares in M&S that he didn't know about.

They're old paper shares and not worth remotely what he paid for them, totals about £540. What's the best option? Presumably paper shares aren't really a thing now so how do you go about converting them to digital?

Not sure if its best to cash it out, just leave it in case by some miracle they go back up or trade in and buy something else.

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If you sell then having a paper certificate is no problem. Will cost a few quid extra and you will need to sell over the phone to get details when to send in the certificate.

Greggs said:

Go on....give us the crypto gossip!

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Haha, no gossip other than did some research (never really got or understood it - still don’t really but have a tiny bit better understanding). Bought some different crypto around March/April last year as much backing underlying projects/blockchains/platforms (whatever you want to call them) for the long term. I was up nicely but now down less nicely. Whole markets suppressed and has been bouncing around low levels for a while. Needs something to kick it out of it…if that’s possible

I think now institutional investors are involved they’re playing the market/profit taking at certain points which isn’t helping

Having said all that two shares I bought at the start of the year are down more than my crypto already

For expert financial advice please call…..

CCFCSteve said:

Haha, no gossip other than did some research (never really got or understood it - still don’t really but have a tiny bit better understanding). Bought some different crypto around March/April last year as much backing underlying projects/blockchains/platforms (whatever you want to call them) for the long term. I was up nicely but now down less nicely. Whole markets suppressed and has been bouncing around low levels for a while. Needs something to kick it out of it…if that’s possible

I think now institutional investors are involved they’re playing the market/profit taking at certain points which isn’t helping

Having said all that two shares I bought at the start of the year are down more than my crypto already

For expert financial advice please call…..

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Have you got any iota and if so are you staking it in a Firefly wallet?

Still not up to speed really with this etc. Is Etoro an easy way to get started for say a silly £500?

clint van damme said:

Have you got any iota and if so are you staking it in a Firefly wallet?

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No Clint. Only use kraken and not on there.

Greggs said:

Lovely recovery at the end of play today. Hopefully that is the bloodbath over and everybody filled their boots. The ideal of investing is buying low and selling high, at the moment prices are low - so rather than panic just stay calm and accumulate what you can.
Let's hope for big earnings beats from Appl and Msft to really rally the market. IBM just beat and are up big after hours.
Good luck all.

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Me !