Investment & Investing

You're pretty much right in so far as you should it invest what you can afford to lose and $4k dollars is more than most people can afford to lose.

I wasn't intending this as being investment advice so much as getting the conversation going. Like it or not, these investment markets will be bigger in the future. Relative stability will be part of this scene one day and people get fuck all in savings accounts.

The numbers don't lie. Several blockchain projects have offered significant growth for three years now and show no sign of stopping. We're not far away from a decade of bitcoin price rises.

About half of my recent consultancy work has been on behalf of banks researching cryptocurrency technology and investments.

This is like the internet in the mid 90s. One way or another it's the future even if it is hugely flawed now.

When a new industry dawns whether it be cars and railroads or Internet and social media industries, there is massive euphoria and hundreds of companies open almost overnight, and the reality is most will fail the trick is to find the survivors that will consolidate the industry and dominate. Like Boeing or British airways(at one stage) Google apple or Microsoft.
Best of luck if you understand the industry and can reliably predict this but for most people it's a stab in the dark. But good luck anyways.

Relative stability will be part of this scene one day and people get fuck all in savings accounts.

They get good returns from investing in stocks though. Doing it right is hard*, but its way easier than cryptocurrency speculation.

* well, getting rich from it is hard / painful, anyone can track the S&P500

The numbers don't lie. Several blockchain projects have offered significant growth for three years now and show no sign of stopping. We're not far away from a decade of bitcoin price rises.

There are plenty of ways you can make big returns if you can be prepared to take the losses; betting on sports for example, spread betting, day trading...

This is like the internet in the mid 90s. One way or another it's the future even if it is hugely flawed now.

Yeah. It is. Expect the product is really hard to understand. I suspect a lot of people with positions on this stuff don't know what it actually is. I spent a couple of hours getting up to speed yesterday and I still don't know why I'd want to put money in to CRW over Bitcoin - it looks like you are just betting that they'll do something neat with it long term, but there's not much evidence of that now.

It's kinda like consumers putting money in to drug discovery research teams or crowdfunding stuff like microcosm - you have no idea if it's going to work, but if you believe in the team you think there's a chance of it working you might throw something at it and see if it sticks.

It's kinda like consumers putting money in to drug discovery research teams or crowdfunding stuff like microcosm - you have no idea if it's going to work, but if you believe in the team you think there's a chance of it working you might throw something at it and see if it sticks.

You've hit the nail on the head. In the case of CRW, the thing that is valuing it at $4.5m is that the development team have a good track record in delivering and have worked on some of the more legendary projects in cryptocurrency. Until the platform is delivered investing is just betting that something might be delivered. Once it is delivered, you're taking the risk that it will be a product that people will like and want to use.

the thing about these get rich schemes is that you only ever hear success stories, very people come along and admit they chucked away £3k on a dodgy investment

Anybody who says they have never lost money on high risk investments is lying.

I think to call startups in areas of research and development a get rich scheme is a bit disingenuous. Its no different to the VC business apart from it is accessible to more people with a smaller stake.

So, if you had taken a risk on CRW ten days ago you would have nearly doubled your money by today.

Next time there is a significant downward event, I'll post the corresponding chart here too.

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Craneware?

see previous page just below your last post
it's some bitcoin derivative / alternative

I should probably take this topic to the various Bitcoin threads. Sure, altcoins are investments but they are so high risk they are gambling too.

Good recommendation. Reading it now. Has really opened my eyes. Well written, very simple to understand and has confirmed some of my prejudices (have met a few traders...)

So here's a scheme, short a stock. Commit attempted murder to drive down the share price. Make profit.

http://www.bbc.co.uk/news/world-europe-39664212

Caveat: attempted market manipulation is an offence under the Market Abuse Regulation. Plus, murder and attempted murder are also best avoided.

Unbelievable!

murder and attempted murder are also best avoided

But are these two also illegal? I need to know before I dismiss this latest money making scheme...

Seriously though I wonder how much he was into this for to actually think it was a good idea?

Playing too much GTA 5. the last few missions you do all revolve around selling and purchasing stock before/after killing people in order to make market gains. It was only a matter of time before someone decided it would be a viable investment strategy in real life.

Anyone looking at the IFISAs they've got now? I had to write a piece about one of the P2P lenders for work and it piqued my interest.

I looked into them a few years ago.
I felt far more at home with fundingcircle which invests in business growth rather then person loans to individuals.
There research was pretty robust and they had a risk grading too. That said no one had a default as yet. Not sure if that is still the case.
The industry has grown massively since then.
I decided to investment in the stock market instead. It was just too new with no track record.

Briefly, but not really in a position to use them yet.

It's a good idea. When I looked at the p2p stuff before (pre-IFISA), paying tax while not being able to offset losses was an issue imo. The IFISA solves that.

The major players now seem to make you lend to a diversified portfolio they select. You choose what level of risk you go for. At this point the established ones seem to do a very similar thing to banks.

Vanguard has launched it's uk platform : https://www.vanguardinvestor.co.uk

Nutmeg's fees are steep (although they do have a lower level of fee at .45pc for fixed allocation portfolios) for the fully managed portfolios but they still provide a good return after fees and appear to do a good job in managing portfolios (returns went up after Brexit for instance).

You are paying for the convenience as well though. You can spend 10 minutes setting up an account and risk profile, set up a direct debit and then leave them to it.

(Just realised that this was from about 6 months ago, you've probably decided by now.)

Heard about this on Moneybox live. Is the 'cheapness' the advantage or are there other things that make it stand out?

Might be a stupid question but if you set up a portfolio and the company fell over what would happen to your holdings?

Vulpine thread

I think the customer money is held separately to operating money and the shares/etc are held in your name anyway.

Thanks

Went in on a few banking stocks today. Essentially a punt on a conservative win.
Reminds of that chairman of a football team that always bet against his own team.
If they lost he may aswell win some money.
If not as Goldman sacs says I long term bet is a short term bet gone wrong.