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House Price Crash Forum


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Everything posted by RickyD

  1. Little bit harsh on the crypto that started it all.. not that bitcoin has feelings
  2. Sorry I only have experience of the Ledger Nano S, although I hear Trezor wallets are also good.
  3. Shame he isn't good at predicting the general price trend of gold and cryptocurrencies.
  4. He must have seen steemit and/or OnG Social and got scared and/or excited.
  5. Yes.. $1m by 2020 ... I believe he is saying it will continue it's upward growth, but without the wild swings. Yea I'm also skeptical TBH.
  6. Take this with a pinch of salt, but McAfee believes Bitcoin will stabilize around $100,000.
  7. I'm afraid you might be wrong with this assumption. https://www.gov.uk/capital-gains-tax "Capital Gains Tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value." "Disposing of an asset includes: - selling it - giving it away as a gift, or transferring it to someone else - swapping it for something else - getting compensation for it - like an insurance payout if it’s been lost or destroyed"
  8. That is excellent! Is that website for the US tax system? I wonder if there's a UK equivalent.
  9. Out of interest. I would like to hear some opinions on that dreaded T word no-one in the crypto community likes to talk about - tax. For those who have lots of transactions, from buying coins with cash, to exchanging one coin to another, are you going to hire an accountant? I expect a lot of crypto-investors plan to ignore tax completely, although I don't think that's wise - most of these coins are not anonymous and there's a very real chance that HMRC will come looking for tax that should have been paid at some point in the future. Whether or not they can handle the massive amounts of data is up for discussion.. but I for one don't really want to have that little dark cloud hanging over my shoulder..
  10. I believe that if you’re married, you can also transfer up to £11,000 of assets to your spouse within a tax year, effectively achieving £22,000 of tax free profits.
  11. Erm.. because pool/snooker is great fun? Especially when having friends around. I'd get a snooker table if I had a spare room big enough, but alas I will have to make do with my retro gaming man cave for now
  12. Wow. This is some good information to know. I might just start doing the same.
  13. Yes I tend to agree, although I do think for some people nutmeg is a viable option. I'm thinking of the likes of my Mother, or some of the people at my workplace who have no interest whatsoever in building their own DIY portfolio, and currently just leave their cash in a savings account. On the other hand, they might be better just getting vanguards lifestrategy, as this would incur lower fees. P.S. In case you were wondering, I am closing my nutmeg account and moving it over to my DIY portfolio.
  14. I read once (can't remember the source), that it is especially difficult to predict unknown future economic events. If you look back at predictions from so-called experts, they do particularly badly at predicting a crisis. But what the heck! I'll give it a go: 2019 - First wave of unemployment due to AI taking millions of jobs. New opportunities created for the savvy among us.
  15. Having had a nutmeg account for 11 months, and my own very simple DIY portfolio now for 9 months, I can report that nutmeg is up 7.03% (after all fees) and my DIY is up 7.02%. This is a very unscientific test, as the nutmeg account had 2 extra months on the DIY, and the allocations are different too, as you can see here: My DIY portfolio consists only of: 77% world tracker ETF 17% index linked bond fund. 6% global property fund My nutmeg portfolio consists of: 66% Developed Market Equities 16% Developed Markets Government bonds 10% Emerging Market Equities 6% Money Market 1% other. Personally I think that nutmeg is a perfectly sound choice for those of us who want to keep it simple and have the reassurance that somebody, who knows what they are doing, is re-balancing the portfolio for you behind the scenes. On the other hand, it does appear that under the right conditions, there are more profits to be had if you are willing to Do It Yourself.
  16. If it definitely has legs, then why the need for "I think"?
  17. If it's a junior ISA, he get's it all at age 18, and can do whatever he wants with it, including spend it all on beer if he wishes.
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