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I moved one of my pension funds into something called a SIPP a couple of years back. Its basically a wrapper that lets you run your own pension scheme.I have individual stocks, muni bonds, and three real estate fundsI used to do that until I realised my investments were doing better than my funds.I pay somebody to look over my portfolio. It saves me from ulcers.
Its UK laws not the EU. The EU is bringing in a lot of tax avoidance offshore stuff this year which was one of the reasons the elites fought so hard for brexit. It wasnt a point that they ever made publicly for obvious reasons.The US companies I have money in seem to be very transparent. Certainly compared to their UK counterparts. I get invites every week to some conference call. In the UK its just the big funds that get that level of info not the individual.Many do, at least I do...lol it's always hilarious when gamblers keep calling themselves 'investors', as if they actually know all about the companies they're betting on.
You have to know the company inside out.
Thats's true, but many CFO's. CEO's, and accountants lie on their 10K's and everything else. Others, like many hedge funds and P/E firms, don't make any reports at all, even to investors.
Ye,s I am always amazed at EU laws,; one would expect them to be a lot more thorough than the U.S.'s, which were essentially written by the market operators themselves, but it seems that isn't the case. European banks got hit hard by the mortgage collapse here, for instance, which I would thought they would easily have avoided. In any case, the GAAP changes in the 1980's makes what corporations have to report and can claim as 'equities' along with assorted off-shoring practices pretty much useless to me as proof of performance and actual net gains and losses.
|Re th other stuff, the banks are international and have their fingers in many pies. After the last lot there was a call to split the banks in two, investment and retail, so that deposits could be safeguarded from the casino banking. It hasnt happened. Things are pretty much back to normal here and bankers bonuses are going through the roof again. Our government is made up of Goldmans,JPM and similar execs and I think they work for their friends rather than us.
Rishi Sunak - Wikipedia
en.wikipedia.org
This guy is our chancellor, he manages the nations finances. He is typical of the current tories and has a wealth of interests that conflict with his day job. He has never introduced a tax that business didnt like and is currently at the centre of the lobbying scandal with former PM David Cameron.
Greensill: What is the David Cameron lobbying row about?
Why former PM David Cameron is being investigated over his links with a controversial financier.www.bbc.co.uk
The UK is fucked.
The US companies I have money in seem to be very transparent. Certainly compared to their UK counterparts. I get invites every week to some conference call. In the UK its just the big funds that get that level of info not the individual.Many do, at least I do...lol it's always hilarious when gamblers keep calling themselves 'investors', as if they actually know all about the companies they're betting on.
You have to know the company inside out.
Thats's true, but many CFO's. CEO's, and accountants lie on their 10K's and everything else. Others, like many hedge funds and P/E firms, don't make any reports at all, even to investors.
Ye,s I am always amazed at EU laws,; one would expect them to be a lot more thorough than the U.S.'s, which were essentially written by the market operators themselves, but it seems that isn't the case. European banks got hit hard by the mortgage collapse here, for instance, which I would thought they would easily have avoided. In any case, the GAAP changes in the 1980's makes what corporations have to report and can claim as 'equities' along with assorted off-shoring practices pretty much useless to me as proof of performance and actual net gains and losses.
Real estate being the land and buildings -- in a sense all stocks are real estate -- shares in a company that owns, occupies, and uses land and buildings to make money. We call that pot-to-piss-in syndrome. Stocks, bonds, whatever you call it, it's all real estate, or else you're shuffling around the block and waiting your turn in the soup kitchen line just like everybody else.My biggest investments are and will always be real estate. Stocks are just a way to make a little extra every now and then when the planets are aligned.
Real estate being the land and buildings -- in a sense all stocks are real estate -- shares in a company that owns, occupies, and uses land and buildings to make money. We call that pot-to-piss-in syndrome. Stocks, bonds, whatever you call it, it's all real estate, or else you're shuffling around the block and waiting your turn in the soup kitchen line just like everybody else.My biggest investments are and will always be real estate. Stocks are just a way to make a little extra every now and then when the planets are aligned.
What planet are you on Tech is flyingI am doing all right this year but the stocks doing better have shifted from last year. I did well with tech last year but this year I am doing well with dull income shares. Sachem Capital being my best performer.
Overall my UK holdings are doing better than the US with Europe doing better than both. There seems to be more optimism around these days.
