Current Affairs Stocks and shares and stuff

[Zatara]

I wouldnt bet my house on it. It's a quite a unique situation.

My understanding would be, if tbe broker offers it, and they are compliant with FCA regs, you would be covered.

Lots of big pension funds will have Russian equities as part of broad trackers. I'm not sure it's easy/legal to just throw them out as worthless.

Some of this is me extrapolating the information given around Alibaba in China if it were de-listed. If we formally went to war with Russia, I have no idea though. I'm not sure many people would.

I'm still reading around it/consulting on it. It's the final piece for me now. The valuations are incredible, and I am happy to hold for a long enough period, Im happy to accept a company going OTC for a prolonged period, but I wouldnt invest in anything that did not give me FCA protection.

What are your thoughts on it mate?

FCA regulated = covered.

 

[catcherintherye]

FCA regulated = covered.

I think in most cases, that's what I'd work from.

In a war situation who knows.

The issue is really getting a broker to take the request that is covered by the FCA.

 

[Zatara]

I think in most cases, that's what I'd work from.

In a war situation who knows.

The issue is really getting a broker to take the request that is covered by the FCA.

Maybe Im misunderstanding mate but if the broker is regulated under the UK FCA then youre fine on the £50k / £75k or whatever the amount is now.

 

[catcherintherye]

Maybe Im misunderstanding mate but if the broker is regulated under the UK FCA then youre fine on the £50k / £75k or whatever the amount is now.

I think the question is what happens, if you own Russian companies, that become delisted.

 

[catcherintherye]

most of our assets are in managed funds, so we effectively dollar cost average. i only actively trade in what is really a "savings" account. I stick money in this account vs my bank and then pull it down when i need it; the only time i've ever sold BRK was when i needed cash. other funds are basically sold on a whim, whenever i feel like it makes sense (not very rational!) because i need money or the trade has managed well. but that's basically how i manage it--this account earns better than the savings rate at my local bank, that's my standard. (and it's not a lot of money I actively trade either, although such statements are always relative).

*but generally i am long/hold on what i buy, although i do have sell orders at predetermined (and somewhat high) strikes just in case the markets move and I was not watching

*and I wouldn't necessarily call what I do "good" or a "system" but I'll sell my advice to pete for 50 quid a month

I think that's sensible.

It's funny you mention BRK. I made a switch from an S & P & Nasdaq tracker to BRK. I just felt for downside protection BRK was a far better option than either the S & P or particularly the Nasdaq.

I think for most people, just buying BRK every month will be fine. I don't think Buffet will crush the market anymore, but will probably be a lot less choppy and very consistent.

This will sound morbid, but there will probably be an overreaction when he dies, so there will likely be a nice discount on prices then.

But yes BRK is good. I am contemplating doing similar with Markel.

 

[SerenityNigh]

I think that's sensible.

It's funny you mention BRK. I made a switch from an S & P & Nasdaq tracker to BRK. I just felt for downside protection BRK was a far better option than either the S & P or particularly the Nasdaq.

I think for most people, just buying BRK every month will be fine. I don't think Buffet will crush the market anymore, but will probably be a lot less choppy and very consistent.

This will sound morbid, but there will probably be an overreaction when he dies, so there will likely be a nice discount on prices then.

But yes BRK is good. I am contemplating doing similar with Markel.

One of my fundamental views on BRK is the companies owned are worth more separately than the holding company's market cap. At some point post Buffet/Munger I think it will split (maybe a few times) and the resulting companies will have a value 2x or 3x the share price pre-split.

 

[Zatara]

I think the question is what happens, if you own Russian companies, that become delisted.

If they are delisted then you still own the shares. Worthless shares, but you own them.

The FCA covers the responsibilities of the brokerage. Not the dreadful investment decisions made

I think at this time its best to steer well clear of Russian stock. The best investments I could see would be property and holding FX long term.

But i feel were some way off those being interesting.

 

[catcherintherye]

One of my fundamental views on BRK is the companies owned are worth more separately than the holding company's market cap. At some point post Buffet/Munger I think it will split (maybe a few times) and the resulting companies will have a value 2x or 3x the share price pre-split.

I think they track that and it trades slightly higher than "book value" but not much.

Treating BRK as an ETF though, that is going to buy established, big American companies makes sense.

 

[catcherintherye]

If they are delisted then you still own the shares. Worthless shares, but you own them.

The FCA covers the responsibilities of the brokerage. Not the dreadful investment decisions made

I think at this time its best to steer well clear of Russian stock. The best investments I could see would be property and holding FX long term.

But i feel were some way off those being interesting.

The stock prices are insanely cheap now though. Like multiples that would be cheap compared to the bottom of the 1929 crash cheap.

My broker has now prevented me purchasing any of 3 of the companies I had begun, so it makes it a bit academic now.

 

[LinekersLegs]

 

[Gabagool]

 

[LinekersLegs]

 

[The Gueye Science]

Might be starting to spill over, too - the big Euro indexes are getting mauled. Italy (FTSE MIB) is down over 6% today.

 

[LinekersLegs]

Might be starting to spill over, too - the big Euro indexes are getting mauled. Italy (FTSE MIB) is down over 6% today.

Aye, seeing some chatter about European bank exposures but nothing concrete as yet so could just be the rumor mill

 

[LinekersLegs]

Hmm