Investments
Feb 23rd 2016, 3:17 pm
#136
Hit 16's
Joined: Mar 2010
Location: Of all the gin joints, in all the towns, in all the world, she walks into mine
Posts: 13,112
Re: Investments
tough day. I also wish I'd stood by my judgement too as well.
The Iran oil minister came out and said he won't cut production. That means nor will KSA or Russia as they said "only if others". Hence the 1million a day over supply stays - if not gets bigger.
Last time oil sniffed at 34 it headed to 28. I hate oil as it's too political.
Hopefully it will drive down the FTSE and bring my shorts back into the money.
The Iran oil minister came out and said he won't cut production. That means nor will KSA or Russia as they said "only if others". Hence the 1million a day over supply stays - if not gets bigger.
Last time oil sniffed at 34 it headed to 28. I hate oil as it's too political.
Hopefully it will drive down the FTSE and bring my shorts back into the money.
Last edited by Bahtatboy; Feb 23rd 2016 at 3:42 pm.
Feb 23rd 2016, 3:41 pm
#137
Hit 16's
Joined: Mar 2010
Location: Of all the gin joints, in all the towns, in all the world, she walks into mine
Posts: 13,112
Feb 23rd 2016, 4:22 pm
#138
Lost in BE Cyberspace
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 15,887
Re: Investments
Is Iran's production capacity sufficient to make a real impact? When I last was involved with this about 4 years ago, Iran needed hundreds of billions of dollars' investment to get its oil industry back on its feet after a decade or so of no investment, and none of that money's gone in since then. Anyone know their current production capacity?
But the issue is that they are clearly not looking to lead or back production cuts. Hence everyone panics.
Feb 24th 2016, 12:02 pm
#139
Account Closed
Thread Starter
Joined: Feb 2011
Posts: 0
Re: Investments
If Anglo American get to sub-400 then this month's savings are being invested. 
Feb 24th 2016, 1:29 pm
#140
Hit 16's
Joined: Mar 2010
Location: Of all the gin joints, in all the towns, in all the world, she walks into mine
Posts: 13,112
Feb 24th 2016, 1:37 pm
#141
Lost in BE Cyberspace
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 15,887
Re: Investments
well despite shorting oil at 8am today when it was 31.19 and watching it slip to 30.57 over the course of the day, I have still managed to screw up on many of the trades resulting in an overall loss on the day. A day of panic and fear for some reason lead me to make some bad short-term trades.
I still believe that the medium-term (like 3-4 days) direction is down due to people not buying into the supply cuts.
Still a good reminder to me of why I don't normally bother with oil and why you should only stick to one index you know well.
I still believe that the medium-term (like 3-4 days) direction is down due to people not buying into the supply cuts.
Still a good reminder to me of why I don't normally bother with oil and why you should only stick to one index you know well.
Last edited by Millhouse; Feb 24th 2016 at 1:47 pm.
Feb 24th 2016, 6:08 pm
#142
BE Forum Addict
Joined: May 2009
Location: on the horizon
Posts: 4,382
Re: Investments
Afternoon all.
I'm killing time before I have to do lots with America later this afternoon / evening and looking at lots of different shares.
Annoyed I've missed a huge jump in Anglo American but the old man and I were too scared to risk on them.
Got a feeling things are going to slide further this year, especially for the financial institutions.
But curious to see who else on here holds shares / invests / pays attention / is interested in this?
In terms of positions, i'm small fry. I have BP, Lloyds, RBS and Barclays.
Eyeing up Vodafone and more Barclays.
I'm killing time before I have to do lots with America later this afternoon / evening and looking at lots of different shares.
Annoyed I've missed a huge jump in Anglo American but the old man and I were too scared to risk on them.
Got a feeling things are going to slide further this year, especially for the financial institutions.
But curious to see who else on here holds shares / invests / pays attention / is interested in this?
In terms of positions, i'm small fry. I have BP, Lloyds, RBS and Barclays.
Eyeing up Vodafone and more Barclays.
Everyone I've known who has played the Day Trader has been burned.
Feb 25th 2016, 4:20 am
#143
Account Closed
Thread Starter
Joined: Feb 2011
Posts: 0
Re: Investments
Your a mug if you buy individual shares without knowing what is happening within the company. Put your cash in mutual funds with a low cost management fee and play the long game, riding out the peaks and troughs.
Everyone I've known who has played the Day Trader has been burned.
Everyone I've known who has played the Day Trader has been burned.
Feb 26th 2016, 1:20 pm
#144
BE Enthusiast
Joined: Feb 2016
Posts: 364
Re: Investments
The bottom is in, i was wrong but that is it, only going up
Feb 26th 2016, 3:59 pm
#145
Hit 16's
Joined: Mar 2010
Location: Of all the gin joints, in all the towns, in all the world, she walks into mine
Posts: 13,112
Mar 1st 2016, 11:35 am
#146
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Joined: Sep 2009
Location: Abu Dhabi
Posts: 1,805
Re: Investments
Slightly off topic given you are talking about fancy stuff like shorting and day trading, but I've just finished Andrew Hallam's second book and ordered his first one. It's certainly worth a read as an expat and changed how I will put money away moving forward . It also explains why Meow goes mental whenever anyone mentions 25 year savings plan (ghastly!). Would recommend giving it a read if you haven't already.
Mar 1st 2016, 11:37 am
#147
BE Enthusiast
Joined: Feb 2016
Posts: 364
Re: Investments
Slightly off topic given you are talking about fancy stuff like shorting and day trading, but I've just finished Andrew Hallam's second book and ordered his first one. It's certainly worth a read as an expat and changed how I will put money away moving forward . It also explains why Meow goes mental whenever anyone mentions 25 year savings plan (ghastly!). Would recommend giving it a read if you haven't already.
Mar 1st 2016, 11:45 am
#148
Account Closed
Thread Starter
Joined: Feb 2011
Posts: 0
Re: Investments
Slightly off topic given you are talking about fancy stuff like shorting and day trading, but I've just finished Andrew Hallam's second book and ordered his first one. It's certainly worth a read as an expat and changed how I will put money away moving forward . It also explains why Meow goes mental whenever anyone mentions 25 year savings plan (ghastly!). Would recommend giving it a read if you haven't already.
Mar 1st 2016, 1:44 pm
#150
BE Enthusiast
Joined: Feb 2016
Posts: 364
Re: Investments
Yes I have read it and believe his biggest return is from his book sales and speeches.
He is clever in that he has indentified an audience of expats that are subjected to the double glazing type selling pressure from failed used car salesman that are over here pushing them into (as Meow rightly says) 15-25 year front loaded commission plans, that used to work if you knew you had a career job for life, but not in this day and age and especially as an expat.
Not convinced by his heroic cancer beating."i run 20km a day" bollocks. for me that just makes it smell fishy
