J_Westlock
27 Jul 2018
O/T - LK Hyman - Alive and Well In_the_dark_yet_again: … no doubt Mr Hammond will, at some point, start coming after the ISAs and it will have all been pointless. Quite, only a matter of time. For pensions, they’ll keep lowering the LTA first and with the ISA they’ll keep lowering the annual amount. For the amount of work pension and ISA administrators actually do, it’s amazing how they are allowed to scam investors out of all their various “admin†costs.
In_the_dark_yet_again
27 Jul 2018
O/T - LK Hyman - Alive and Well Well done. It’s called legging it, one leg at a time, but it’s difficult to always know which way it’s going to go - if I did know that every time, I’d be a very rich man! Me, I’m renowned for never being able to buy at the bottom or sell at the top, I simply accept I’m never going to get it perfect. Plus, in my case, I can’t buy first on what I estimate to be a rising share, I don’t have the cash. I have to sell first and transfer. Recently it’s always been whatever has the highest dividend yield - Mr Hammond is a thief with the taxation of dividends, something on which corporations have already paid tax. I just sell, transfer the funds immediately (they don’t make me wait for settlement), and buy. Usually complete within a couple of minutes. The costs I just have to accept… no doubt Mr Hammond will, at some point, start coming after the ISAs and it will have all been pointless. Regards, ITDYA
Bowman
27 Jul 2018
O/T - LK Hyman - Alive and Well In_the_dark_yet_again: I feel I have to have my ISA and Dealing account side by side - the only way I can now fund a £20,000 a year contribution to the ISA is by liquidating £20,000 of shares from my Dealing account; having them side by side lets me ‘bed & ISA’; costs yes, dealing costs, bid/offer and stamp, but I have to accept that. I have transferred several holding from my normal trading account to my ISA by choosing a time when the selected share is in a rising or falling trend. If the share is rising, then I first buy an extra holding in the ISA, and wait for the sp to rise to a level that covers both the selling and buying commission and the buying stamp duty, and then sell from the trading account. This way there are in effect no extra costs. The reverse is done for a falling sp. I have done this about a dozen times over the past couple of years, and actually made a profit on the “transfer†in almost all cases.
In_the_dark_yet_again
27 Jul 2018
O/T - LK Hyman - Alive and Well Same here. YouInvest/AJ Bell is simple and it works! But not prepared to put all my eggs in one basket - they, the experts, all say it’s all ring fenced and safe but ‘they’ have said all sorts of things in the past that turned out not to be true! I also know that lawyers are a bunch of thieves who wouldn’t hesitate to try it on it they thought there was even a tiny chance of getting their hands on ‘ring fenced’ money. The new Selftrade platform is a huge backward step from the old one (which was a backward step from the Selftrade one before Equiniti took over) - I can only guess it was designed by a 10 year old who’s never traded stocks, never had a decent portfolio and only ever used a smart phone, never a full size computer screen. However I have leaned to cope; all the research, all the reading elsewhere, simply log in to execute what you’ve already decided to do. Plus I’m too lazy and the costs, even after a ‘refund’ from a new supplier, are still a pain. Now I no longer have significant income other than from my investments, I feel I have to have my ISA and Dealing account side by side - the only way I can now fund a £20,000 a year contribution to the ISA is by liquidating £20,000 of shares from my Dealing account; having them side by side lets me ‘bed & ISA’; costs yes, dealing costs, bid/offer and stamp, but I have to accept that. I actually really like the portfolio facilities offered by the London Stock Exchange. I don’t find it slow and everything is there, just a few clicks away… Now if only Selftrade and Interactive Investor had had a look at that first and hooked in the discussion forums on the side… Regards, ITDYA
Hydrogen_Economy
27 Jul 2018
19bn Buyback JohnL “Given the high price of oil, how can they miss their financial targets?†What it missed was “City Estimates†rather than RDS targets as implied in the Sky headline so the error was in the analyst estimates which was specifically the Current Cost of Supply number (CCS) excluding identified items at 4.8Bn Vs estimates over 5Bn- still up 30%. RDS has a higher proportion of downstream business than most IOMs. Downstream performance is often weaker in high oil price environment and this was the case in Q2 (down from 2.5B in Q2 17 to 1.6B). Missed estimates or not, EPS is up between 100-279% for H1 and Q2 depending which number is used. Overall the results look solid. The buyback will not please everyone (and anger some) but I suspect it is intended to signal confidence in the future dividend sustainability, (the 25Bn is in any case subject to “further progress with debt reductionâ€). Considering the questions raised about RDS dividend in recent past this is a very good picture. I lose no sleep over my RDS holding. H2
johnlawsonmoorlandminerals2
26 Jul 2018
19bn Buyback Lawson 76. Given the high price of oil, how can they miss their financial targets? Is this buy back scheme just a cover up for this?
mememe
26 Jul 2018
O/T - LK Hyman - Alive and Well @In_the_dark_yet_again, many thanks. I too am with AJBell and Selftrade for US stocks I use IG. Loved the old Selftrade platform but not any more. Mainly use AJBell and IG now. AJ Bell will cover costs up to £500 if you want to transfer from Selftrade but I’m sticking with both platforms for now - too lazy to move and prefer to diversify.
In_the_dark_yet_again
26 Jul 2018
O/T - LK Hyman - Alive and Well FWLIW @mememe & @J_Westlock me, I use AJBell for my SIPP; it’s fine, simple but ideal for my SIPP. It works effectively and total cost (excluding dealing at £9.95 a pop) of a £600k+ SIPP is £100pa. No one else (that I can find) comes even close. Dealing account and ISA with Selftrade; I’ve had an account since way back in the old ComDirect days so, while I probably wouldn’t pick Selftrade if I was starting from scratch because I don’t like the new platform, I’m to lazy/it’s too expensive to move. £10.99 a trade is all I pay, no other fees - I think there may be in theory now (recently introduced) but as long as you do a couple of trades a quarter (which is always the case with me) you get it back… I think. London Stock Exchange for my Virtual Portfolio (virtual and real). Hadn’t noticed it being slow. It does have pretty much everything I need, in particular instant access to RNSs, apart from discussion boards hence I’m still here! Regards, ITDYA
Kool_Keith
26 Jul 2018
19bn Buyback Sky News Shell plans to buy £19bn of its own stock as it misses profit target The oil giant has given in to investors who have stuck by the oil giant through a downturn in the oil industry.
mememe
12 Jul 2018
O/T - LK Hyman - Alive and Well @J_Westlock, sorry for late reply been busy. Thanks for replying. I use IG, AJBell and Selftrade. London Stock Exchange too slow for VP. I heard of Degiro looked at briefly a couple of years ago - low costs but not sure how tight spreads are. I use IG for US . Be interested to know how you get on with Degiro
TrenthamExile
12 Jul 2018
O/T - LK Hyman - Alive and Well Thanks for posting about LKH. Good to hear he’s alive and well. Be lovely if he could join us here and inject some life and wit into this moribund website!
J_Westlock
12 Jul 2018
O/T - LK Hyman - Alive and Well @mememe I use iWeb, Saxo, Hargreaves and Charles Stanley as execution platforms. Sharescope for analytics… til few months back anyway. London Stock Exchange will send your rns alerts and can also be used for VP. If you are after cheap execution and in particular on US market then see: [link] I intend to start using these as they are so cheap but not used them before… they are a new service to the UK.
mememe
11 Jul 2018
O/T - LK Hyman - Alive and Well @J_Westlock, I’m asking if you can name the other brokers but if you don’t want to say… ii is not cheap for US stocks
J_Westlock
11 Jul 2018
O/T - LK Hyman - Alive and Well @mememe - There’s no harm in just using ii as s Discussion Board IMHO (or one of them). No one Broker is likely to do all that you want. There are better ways of getting RNS alerts, better systems with VPs out there etc. ii are still very competitive on price for those wanting an online broker.
mememe
11 Jul 2018
O/T - LK Hyman - Alive and Well @J_Westlock, which other brokers? I’ve tried ADVFN, London South East ( LSE) and Money am but discussion boards don’t match the old ii. The brokers I hold accounts with don’t have share chats.
