Stock market dealing

[Justin Passing]

I said t'other day that I was all in cash. But it niggled at me, when the funds I was in, went up a couple of percent.

I thought things were just about settled for a little while, so I bought back in, some.
Then Sam Altman of Open AI said they'd missed internal targets and the entire AI ecosystem, took a knock.
Aw poo, down a percent or five - some stocks are very sensitive.
Micron Sandisk, and Nvidia are strong still.
I'm long (have money in) Korea, they have a number of very strong high tech companies (Samsung, SK Hynix and a couple of other chip makers), plus, they should get a pop in the prices when Hormuz is eased. But if/when prices crawl back up to where I bought, i'll cut 80%
There are no real save havens right now. Things like Grain are going up, but sentiment will drop their prices rapidly when the outlook is better, long before the actual supply improves.

I just put a lump into CHASE bank at 4.5%. How very boring!

Looks like it's Google's world, but the market has the look of tomorrow being a 3% down day. BU next week, worse.
I think that decision to buy back in will prove expensive!

 

[motorbiking]

Chase is only good for 12 months on the bonus rate.

Spring (Paragon) is close

 

[Justin Passing]

Yes, I WAS expecting to stick it in a StocknSHares account before that. (there's one that's 4.75% for up to 20k, by the way)

I didn't know how these worked in detail, until today: A Gilt

You pay £96.44. On 22 July 27 you get £100
PLus, £1.25pa, biannually
Your total return is 4.35%
SO you get I'd guess two of those , at £1.25 which is the Running Return, 1.31%

The point, is that you pay tax on the interest at your marginal income tax rate.
But the remainder, about 3%, IS TAX FREE regardless whattax band you're in
And of course the thing is SAFE.

Higher rate CGT is 20%, income tax 40% so worth saving.
Something equally safe and similar interest rate like a Money Market Fund, would attract Income tax.

There are other gilts to look at.
COSTS are significant for the short duration, not so bad if you hold a few years if you get one of those.- you can get these things on all the normal platforms or from HMG

You can sell them any time ; you lose the SPREAD, and the price goes up as you reach maturity date.