Massive dip from $102k to $89k when everyone fomo'd into the Trump coin. Then everyone's gone back into Bitcoin with the profits and it's just hit a all time high of $109,588.
Take out 1500 now and you're 500 in profit. Let the other 1500ish run and see where it goes. You've gambled, got your stake back with a 50% profit and you still have 1500 in the game.
Meme coins are great if you get in right at the start Then all the idiot fomos join Price rises and you sell and then they hold the bag
lasted longer than the hawk tuah one.....she made a ****ing killing from gullible idiots in about 24 hours
It's bonkers that people can just invent these coins and make a load of money overnight selling absolutely nothing.
It's one never ending grift with trump, and meme coins are no different, a modern version of Ponzi schemes or pyramid schemes, get in early make a profit and get out leave other people crying, where there is money to be made there will be vultures
Not Bitcoin related, but wondering if anyone has experience of investing in VCT's? I understand they are marketed as 'higher risk' and not so liquid, but if I'm understanding right, the tax breaks are VERY attractive, meaning up to 30% tax relief? So even if the VCT only broke even, there'd still be a big overall gain just from the tax relief. Any thoughts, insights, please?
Come with high risk, can be difficult to sell at market price, I think you have to keep them for 5/6yrs to get the tax relief. If you're an experienced Investor and already have a diverse set of investments then they can be very good, but if you're new to them, read, read and read some more. Yes the rewards can be great, but the risks also match it
I'm a financial adviser with my own firm if you want to have a chat at some point about them. I can advise, set up and service VCT's if you were looking to do it whilst having advice along the way. Tax breaks can be great and the dividends they generate are tax free too but have to be held at least 5 years. High risk though.
Thanks for the replies. So have to be held minimum 5 years before tax breaks kick in? Have I got that right? Didn't realise that (haven't yet read, read, and then read some more as you wisely suggest HT).
You get the tax relief the year it goes in (via a self assessment tax return) but the relief would be repayable if you didn't hold the VCT for 5 years.
Some performance info here https://www.wealthclub.co.uk/news-and-insights/vcts-performance-over-the-years/ As said before high risk and for the longer term. I'm in an AIM share that I have held for 14 years and is now on the cusp of hitting the big time after fund raise after fund raise, but has finally got its ducks in a row.
As an index, it's been ****e for two decades now. The nasdaq, snp and dow are up 300% compared to the ftse's 25%, even the DAX is up 200%. It's full of dogs like Vodafone and Legal and General which have reduced my old, tiny UK pension growth to less than inflation rates.
Well.... depends when you happened to invest mostly. Unfortunate for those that invested mostly around one of peaks, otherwise there's been pretty good growth.
