Not directly related, but im a massive revolut convert now. I used to be all about Monzo but since moving to the US, I can now manage pretty much all my finances in both the US and UK through Revolut. I can convert money to sterling at market rate with no fee AND send it to a UK account within about 30 minutes. Sounds really simple but it's the only account that does that. The user interface and the customer service isn't as good as Monzo but over this side of the pond the capability alone makes it worthwhile.Interesting
Not directly related, but im a massive revolut convert now. I used to be all about Monzo but since moving to the US, I can now manage pretty much all my finances in both the US and UK through Revolut. I can convert money to sterling at market rate with no fee AND send it to a UK account within about 30 minutes. Sounds really simple but it's the only account that does that. The user interface and the customer service isn't as good as Monzo but over this side of the pond the capability alone makes it worthwhile.
Going to make the jump to get paid directly into it i think soon...HSBC in the US is poo
Beckham-backed cannabis venture becomes first to score with London float
DB Ventures is taking a stake in Cellular Goods, which will announce its intention to float this week, Sky News learns.news.sky.com
Anyone tempted? First pure CBD company to go on the exchange
How have weed stocks in the states done with legalisation?
It's still a federal offence in the USA as far as I know so major institutions won't touch it.
Kamala Harris very pro-cannabisYoud think that would change under Biden.
Risk levels?In with 1k on eToro. Any recommendations anyone?
Medium/highRisk levels?
OuchBuy whatever I’m selling, short whatever I’m buying.
My hot streak continued with GME + is where I bought in
OK it wasn’t a serious investment but I’m starting to take this personally.
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Fuck it, going in £1000 on GME when the market opens
Does anyone have a two accounts?
I have an account with Hargreaves Lansdown, an ISA where it's all funds at the minute.
Going to start dabbling in individual stocks soon. Is it worth having a seperate account set up with Trading212 for example to avoid the trading fee? Obviously can't double up on ISAs but Hargreaves cost to deal stock is something like £14.
£11.95/dealDoes anyone have a two accounts?
I have an account with Hargreaves Lansdown, an ISA where it's all funds at the minute.
Going to start dabbling in individual stocks soon. Is it worth having a seperate account set up with Trading212 for example to avoid the trading fee? Obviously can't double up on ISAs but Hargreaves cost to deal stock is something like £14.
Sorry but if you went in and bet the farm on GME you’re a fucking moron. Right from the start it was a YOLO bet, there’s posts all over WSB saying “not investment sub, for bets”. Every single poster was saying “don’t bet what you can’t lose”
People are dumb if they put serious cash in. DFV cashed out for $14m a while ago and bought at like $0.2 so of course he’s fucking holding.
Jesus.
That doesn’t change the fact that some seriously dodgy shit has gone on with this stock and the limits and FUD they’ve put out about it.
Without looking too much into it, was it the classic 'pump and dump'?
No, and yes, in that those that got in early did it for sound, profitable reasons. Others jumped in when they caught on, and a certain narrative got introduced along the way.
Just like the narrative "they're drilling for a shedload of oil and the share is cheap as chips, so get rich" - without talking about the small CoS and the fact that the SP isn't in fact backed up by any cash or decent assets - it was "this is a chance to get our own back on the boomers, and get rich" - without taking into account that the technical position had no chance of being indefinitely sustained and that fact that as many boomers, if not more, were profiting either by 'shorting the longs squeezing the shorts" or because they could convert a load of debt for equity, and so cash.
And when you add to the mix that a lot of the little guys were buying spread bets rather than shares, then they got f**k twice, three and four times over.
HL are one of the more expensive, though simply comparing trade tariffs is not always straightforward and transparent, as platforms can carry hidden costs such as small variation in the quote prices for shares, and in the case of international shares then different exchange conversion rates are involved. In fact, Robinhood had to pay a considerable fine for having agreements in place with 'preferred brokers', for which they got kickbacks.
Remember, also, not all platforms charge you an additional flat fee on your funds, as HL do.
That said, I'm okay with stumping up the costs for the interface and service. I now have an etoro account, which I opened up for cypto, and may re-open an IG account, for exposure to the Canadian market, which I miss.
It's actually £12 on HL as low-frequency trader, falling to £6, and which I think gets to the nub of the question here, do you see yourself as opening up long term positions, rather than more frequent trading. And how many shares and of what size stake (as obs, the higher the stake, the lower the transaction costs relatively).
So in short, if you see yourself as doing multiple stakes, with some frequency and with lowish stakes, then it would make sense to use a 'non-commission' platform.
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