ScrumpyJack’s Activity

Yesterday

NL

Boards Post

ScrumpyJack replied to the Brokers and Share Dealing board. 23:21

Re: saga moving to equiniti

Are such 'cashbacks' taxable? They would not be if it was your money being returned (eg re credit card expenditure) but in this case it is not a rebate of fees.

Thu Apr 23

NL

Boards Post

ScrumpyJack replied to the Equitable Life Support board. 18:31

Re: Letter from EMAG

surely they can find better ways to spend their dwindling resources

Yes of course they do, isn't most of it spent on EMAG board remuneration?

NL

Boards Post

ScrumpyJack replied to the Equitable Life Support board. 18:26

Re: Auditing.

I recall 40 years or so ago talking with an audit partner (big 4 firm) at a conference about audit standards and he defined a good audit as one 'where we got a good recovery, kept the client and didn't get sued'

With that sort of [more]

Wed Apr 22

NL

Boards Post

ScrumpyJack replied to the Selftrade Products & Services board. 15:14

Re: I've been really stupid!

I think it was about 2 weeks to transfer all the shares and then another week or so for the cash balance to come through. The transfer was to Hargreaves Lansdown who are giving us each £500 transfer bonus, so that should cover their ISA charges [more]

Tue Apr 21

NL

Boards Post

ScrumpyJack replied to the Selftrade Products & Services board. 15:48

Re: I've been really stupid!

They seem to be good at processing transfers out. Ours went very smoothly. Must be a high volume giving them plenty of practice!

NL

Boards Post

ScrumpyJack replied to the Investment Strategies board. 15:38

Re: Equity Premium

Given what UK governments have done to the purchasing power of the pound over the last 100 years, I would definitely want a Gilts risk premium!

The fashionable view that inflation is dead is IMO dead wrong, it is having a brief nap and long [more]

Sun Apr 19

NL

Boards Post

ScrumpyJack replied to the Property - Markets and Trends board. 19:12

Re: Best fixed rate mortgage ever

It doesn't seem to have occurred to journalists (or politicians for that matter) that UK house prices and rents simply reflect supply and demand. Because everyone wants somewhere to live, demand is very inelastic and so small changes in the balance [more]

NL

Boards Post

ScrumpyJack replied to the BHP Billiton PLC board. 18:46

Re: Thinking of Buying

They may look cheap based on historic earnings but the fall in commodity prices is reflected in 2016 earnings forecasts. These average at 83p per share but really no one has a clue. Investec forecast earnings of 60p and Canaccord 117p. On Investecs [more]

NL

Boards Post

ScrumpyJack replied to the Pensions - Self-Invested - SIPPs board. 18:06

Re: You all this a PROBLEM??

But why invest in funds? You'll pay an awful lot in fees, platform charges etc etc. The papers push them because they spends loads in advertising and firms like Hargreaves Lansdown push them because they get a lot more out of you in charges. [more]

Wed Apr 15

NL

Boards Post

ScrumpyJack replied to the Property - Markets and Trends board. 16:26

Re: Success breeds success.

Mind you, it might just be providing a convenient and positive reason for Mark Carney to jack up interest rates and save us from ourselves.

They'll just do what British Governments have always done, debase the currency. Electorally [more]

Tue Apr 14

NL

Boards Post

ScrumpyJack replied to the Investment Strategies board. 14:32

Re: equities va gilts

I have had a number of shares that have multiplied 5 to 10 times, as well as some disasters, but letting your gains run and run has been a much much better strategy for me than taking profits. A couple of 7 baggers equals 14 wipe outs and the only [more]

NL

Boards Post

ScrumpyJack replied to the Investment Trusts & Unit Trusts board. 14:24

Re: Income or Growth...?

Over the years I came to realise that my TR was better when I invested in funds and shares, aimed at producing income. This is down to the reinvestment of a growing income flow in the funds and shares which produced the most income, [more]

Sun Apr 12

NL

Boards Post

ScrumpyJack replied to the Persimmon plc board. 17:41

Re: Income or Capital?

Have I being going wrong?

Yes you have. If you elected for capital treatment then at the point you become entitled to the 95p, you need to apportion your cost between your continuing shareholding and your cash entitlement in market [more]

Fri Apr 10

NL

Boards Post

ScrumpyJack replied to the BHP Billiton PLC board. 21:30

Re: Atlas to suspend mining due to low iron ore

I think that the point is, if the big miners have very low cost mines they can sell output at today's prices but still make a profit and stay in business. The higher cost miners however cannot indefinitely continue production because it makes a loss [more]

NL

Boards Post

ScrumpyJack replied to the Investment Strategies board. 11:34

Re: passive dividend income funds

As I recall we had something like an 8% fall in living standards from the peak to the trough and that fall has now been recovered. It may all have seemed bad at the time but objectively it was trivial on any long term perspective. Clearly it was a [more]

NL

Boards Post

ScrumpyJack replied to the Investment Strategies board. 10:17

Re: passive dividend income funds

At the time the banking system was bust, the country was bust and the market was dead right.

And the relative (cf 1930s) ease with which the solvency issues have been sorted out shows that the market was once again wrong, very similar [more]

Tue Apr 7

NL

Boards Post

ScrumpyJack replied to the Persimmon plc board. 20:27

Re: Income or Capital?

re how to calculate the capital gain, Persimmon will in due course put on their website the relevant factors to apportion your original cost between the capital repayment and your continuing shareholding.

[more]

NL

Boards Post

ScrumpyJack replied to the Persimmon plc board. 20:24

Re: Income or Capital?

The tax year it falls in is 2014/15. The fact your broker was a bit slow in crediting the proceeds to your account is not relevant. Your disposal date is 2nd April 2015.

Sat Apr 4

NL

Boards Post

ScrumpyJack replied to the Investment Strategies board. 08:30

Re: passive dividend income funds

It is worth noting that the market alone prices a share, that market price reflects the dividend and the growth in the business

But the market frequently turns out to have been wrong, often spectacularly wrong, as history has shown, [more]

Thu Apr 2

NL

Boards Post

ScrumpyJack replied to the Investment Trusts & Unit Trusts board. 17:59

Re: Alliance Trust/Elliot.

As a very satisfied customer of ATS, I would rather have its current range of funds with its current low fixed fees than a wider range of funds and higher fees.

and as a shareholder I would rather they stopped pouring good money after [more]

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Boards Stats & Trivia

Big red star, 1000 posts
Board Posts 1295
Recs Received 4655
People who have rec'd these posts 1032
Recs to Posts Ratio (last 30 days) 5.60
Threads Started 47
Threads Started Percentage 3.63 %
Most Frequent Board Equitable Life Support
Very First Post Re: Article: Whitbread Goes Teetotal (19/10/2000)
Percentage of Posts Rec'd 73.82 %
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