You're a brave man Frisby - Tesla will be climb higher and higher as the years go by, so be sure to exit your short before you're wiped out!
p.s. have you reserved your Model 3 yet? Get on the waiting list here: https://www.teslamotors.com/model3
Even if the SNP was given another referendum they would poll less support than the last time, their finance plans and the land of milk and honey have been shown up as total fantasy and with oil at the price its at now Scots will be in no hurry to commit to any of it.
With Remain using the break up of the UK as an argument in their fear campaign just remember it's nothing to be concerned about whatsoever.
I hd thought the problem as storage but salt water and cotton !
Aquion is a company I never heard of
A pension defecit is a liability like any other. The company accounts should make provision for the company's liabilities and these should be reflected in the annual accounts. Of course companies shouldn't be paying out dividends when their obligations exceed their assets. It's a fraud on the employees.
A great piece Merryn
I like www.airbitz.co as they do not hold your priovate keys and they do have top notch (and decentralized) security
Thank you, Lord King, for the interview; and thank you, Merryn, for organizing it.
I wouldn´t worry too much MW, I bet she still has millions & millions in various assets. I doubt whether she will be buried in a porpers grave. What you have never had you will never miss.
Without these drugs she would probably look even more useless. I am never sure it is her tennis that sells anyway. If she didn´t have blond hair & a pretty face advertisers wouldn´t want to know. Sometimes it is those that get all this controversy that advertisers like. No one is interested in a "has been".
A useful intro but a little misleading. My understanding is that in generally accepted market nomenclature the term 'Funds' refers to Unit Trusts & OEICs only. Shares, Investment Trusts, ETFs and other tradables (which are shares) are not generally defined as 'Funds'. This matters when it comes to costs - which as is stated 'matter - a lot', many platforms (mine included) charge a % fee to hold funds but not shares. Like MSW I prefer ITs and the like and all my investments are wholly share based. Were they to be replaced by equivalent 'funds' my platform costs would increase by around £4k pa even before the internal management fees for the funds themselves are added in.
People should be made more aware of "A Deed of Variation."
The easiest place to buy bitcion and also have the ability to hold your money in several other currencies is Uphold. https://uphold.com/ You can transfer Sterling straight into your Uphold account and transaction fees are minimal. This is the future "email" of money. They have an Andriod and iOS app as well, so before you open an account anywhere I suggest you at least look it up.
I have just been refused permission to purchase some much flaunted OTC shares as I did not pass the suitability test given by TD investing. Can you suggest a different way of acquiring some please? I failed because I have not got a qualification in finance. Hoping you can help.
If a company is a legal person with obligations, then making a promise to pay a certain pension to employees, although foolhardy nowadays, is still a real obligation. Practically no organisation can make an almost unbounded promise such as final salary although there might be a way of doing it (maybe as a lower limit) through a counterparty with deep pockets. But everybody would be nervous about that. There needs to be some kind of balance so that schemes in deficit are repaired balanced with dividends or perhaps a mechanism to restructure obligations based on trading difficulties. if the company recovers then there could be a conditional revival of contributions. The problem would be to make it a repeatable number so that Tata, for example, could buy a UK company without getting stuffed.
The Fed can create cash out of thin air without worry of paying it back - that's the difference.
Of course golf and strip clubs are (tediously) male preserves, and female fund managers or clients would naturally benefit from their elimination by the FCA. If you cannot invade and take over boys' playgrounds, the next best thing is make their existence illegal and so create a 'level playing field'. Tap water for everyone!
These days possibly "no, I think you should borrow £100 million and buy our top-up debt protection service" (or similar cobblers)
When investors start buying, traders start... http://margintradingbitcoin.com/
And with GBTC trading at over $700/coin already, its safe to say any investment in the $400's is a good entry.
UK investors can buy, sell and exchange Crypto currencies such as Bitcoin (BTC), Litecoin, Namecoin, Ethereum and DASH at http://www.digitalcoinstore.com
On Android, I recommend Mycelium. On iOS, I recommend Breadwallet.
When you buy bitcoins, you need to provide a Bitcoin address to receive the bitcoins, just like you provide a bank account to someone who needs to send you money. In your (phone) wallet, you can share a receiving address for that purpose. Although a new Bitcoin address is generated for every new transaction for reasons of privacy, old addresses remain usable.
Who takes these things? Give me physical gold anytime!
Downloading an app is simple. But which Bitcoin app should the user choose? And, after downloading, how can I get bitcoins in my app?
Compare that to using an online payment method and an email address to buying your first bitcoins; a method most users are familiar with.
Hence, a great opportunity to buy. :D
Pension scheme deficits do appear overnight. I was a scheme trustee for nearly 30 years. The actuaries value each scheme every 3 years. My scheme went from a 20% surplus to a 50% deficit in that 3 year period.
Stunning timing man! Just before the biggest selloff in a while! :P
I agree. Keys to serious amounts of Bitcoin should stored offline (aka cold), either on paper or on dedicated devices like Trezor or Keepkey.
I agree that it is a great time to buy bitcoins now. Very important to also invest some time to educate yourself about Bitcoin. Here is a great thorough introduction http://startusingbitcoin.com/
1) What is Bitcoin?
2) How to store bitcoins
3) How to buy bitcoins
4) Benefits for merchants to accept bitcoin
If I believed dividends were extracted based on an honest belief they were earned and proportionate I'd have no problem. It's because I believe they are neither that I think Mr Green should pay a bit more to recompense the workers.
The first paragraph about interviews in pubs that's how we do things up here...rather condescending.
Voting for Scottish Tories...'farting into the wind' is the phrase that comes to mind.
Everybody please listen to this guy.
Electric-car maker Tesla is one of the darlings of the American stockmarket. But today, Dominic Frisby has decided to short it. Here, he explains why.
The FTSE 100 continued to slide yesterday, falling a further 0.9% to close at 6,185.
Digital banking app “B” could be a very handy money management tool. But the accompanying bank accounts are nothing to write home about.
The post A handy digital banking tool to keep tabs on your spending was first published on MoneyWeek.
When business angels and VCs invest in a business they usually take a seat on the board. Could the same happen for crowdfunded ventures?
The post The next step for crowdfunding: “crowd-directing”? was first published on MoneyWeek.
Warren Buffett, the world’s most famous stockpicker, has just given an update on an eight-year-old bet he made on the benefits of passive investing. The results might surprise you.
The post The world’s best stockpicker proves the case for passive investing was first published on MoneyWeek.
Markets are unstable. Companies are hugely in debt. And monetary policy is verging on the insane. So what should investors do? Nothing, says Merryn Somerset Webb.
Robotics is the "next big thing". It's following the classic path for boom and bust, says John Stepek. But it's not something you can ignore. Get in at the right time, and you could make a fortune.
The FTSE 100 went into the long weekend on a low note on Friday, sliding 1.3% to close at 6,241.
Investors need not worry about who is or isn't in charge of eurozone governments, says Matthew Lynn. As far as the markets are concerned, it makes no difference.
Once again, shareholders are up in arms about the soaring pay of underperforming bosses. Might they force change this time? Simon Wilson reports.
Farm fun with cocktails and saunas – and without the mud and smelly livestock.
Flamboyant on stage, obsessively private off it, Prince defied genres and studios with his breath-taking musical talent.
John C Bogle’s belief in passive investing was widely ridiculed by many on Wall Street, but he would later be vindicated over and over.
Should we stay or should we go? Former Bank of England governor Mervyn King gives his take in the first of a two-part interview with Merryn Somerset Webb.
Dan Denning speaks to Charlie Morris, investment director of the Fleet Street Letter and director of Atlas Pulse, about gold.
The post Charlie Morris interview: gold’s best first quarter in three decades was first published on MoneyWeek.
Despite the shake-up of the pensions rules, the benefits of being invested in a so-called lifestyle fund are less clear, says Natalie Stanton.
Once-apathetic British bank customers are now jilting their current account providers at record rates, says Jessica Higgs.
Investing in frontier stocks is of course risky, says Sarah Moore. But these two markets could hold rewards for the brave.
Emerging-market stocks represent decent long-term value. But as David C Stevenson explains, it's time to tread carefully.
Greenbelt land has come under increased pressure from the demand to build more houses. Natalie Stanton reports.
Tramline kisses are a crucial clue that can tell you where the market is heading to next, says John C Burford.
This maker of smoke and carbon monoxide alarms is a speculative punt, says Alex Williams. But its also looks excessively cheap.
Shop chains Austin Reed and BHS entered administration this week, says Alex Williams. The high street comes under mounting pressure from online rivals.
The furore over the emissions scandal could hardly have come at a better time for electric and driverless-car makers, says Alex Williams.
Top bond fund manager Jeffrey Gundlach isn't “wasting his money” hedging against Brexit.
Put simply, smaller companies tend to produce bigger returns over time. Matthew Partridge looks at the best ways to invest.
Production is set to fall by a quarter and inventories are at a six-year low. That sounds like a recipe for higher prices for orange juice. But demand is declining.
The post Chart of the week: orange juice goes out of fashion was first published on MoneyWeek.
Central banks are desperately trying to control the markets – and some are finding it difficult. But not the US Federal Reserve. John Stepek explains why the Fed has the easiest job in central banking.
The post Why the US Federal Reserve is winning the battle of the central banks was first published on MoneyWeek.
This week's MoneyWeek magazine contains a comprehensive look at emerging markets, some sound advice on buying small cap stocks, and an interview with Mervyn King.
The post This week in MoneyWeek: Buy Brazil – it’s messy, but it’s cheap was first published on MoneyWeek.
A headwind for British equities may be gathering strength: corporate profit warnings have reached their highest level since the financial crisis.
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