Savings Interest Rates Getting Worse

[CatmanV2]

I suppose we might want to have something like if they've recovered before 13th then I still have to pay out as long as they all dropped below those levels at the same time?

C

 

[Wattie]

Very good

So all
DJI below 23432
DAX below 10782
FTSE below 5985
HSI below 21949

Before 2369z 13/08/2020

C

Agreed.

 

[lifes2short]

cat fight and gauntlet thrown , place your wagers gents

 

[Wattie]

I suppose we might want to have something like if they've recovered before 13th then I still have to pay out as long as they all dropped below those levels at the same time?

C

I think if I get a 20% trigger on all that’s enough to drink some vino as I’ve no doubt central banks will be printing to infinity at that point to raise em.
Listen, we’re gentlemen and it’s only a £100 or so, we’ll both do the right thing. I hope you win.

 

[Felonious Crud]

Excellent! The thread got fun.

Chris, if you lose I'll pay for the wine if you tell me Wattie's address. He's got a flat full of bullion wants robbing. It'll be like the Italian job. I'll take a bus, three minis and a mildly obese professor who loves big women. It's gonna be great! Who's in?

 

[Wattie]

Excellent! The thread got fun.

Chris, if you lose I'll pay for the wine if you tell me Wattie's address. He's got a flat full of bullion wants robbing. It'll be like the Italian job. I'll take a bus, three minis and a mildly obese professor who loves big women. It's gonna be great! Who's in?

Bloody ****! Catmans now been sponsored..... bet you’re wishing you’d gone for at least some vintage champagne now!
In light of the sponsors post content I may have to donate my prize to a charity instead of wine delivery to home
One that is in deep trouble.
The Aston Martin foundation for ugly sisters is a good candidate.

 

[Felonious Crud]

Bloody ****! Catmans now been sponsored..... bet you’re wishing you’d gone for at least some vintage champagne now!
In light of the sponsors post content I may have to donate my prize to a charity instead of wine delivery to home
One that is in deep trouble.
The Aston Martin foundation for ugly sisters is a good candidate.

Maybe a home for distressed and vulnerable young women instead. I'm sure we could rustle up a delivery posse.

 

[JonW]

Can one of the financial geniuses not devise a spread bet (or a short / put / call) that would pay out if this actually happens?

I suspect a £50 bet on that would generate returns sufficient to pay for someone to fly first class to Australia and back with a case of vintage Dom Pérignon...

 

[CatmanV2]

But it won't happen, so you're going to lose money (OK it's only £50)

But if it gets that bad, not sure I want to be on a plane...

Just checked the charts. Over the last 12 months the high to low for the year isn't >16% on any of them. So 20% down in 6 months really would be.....

C

 

[Wattie]

Can one of the financial geniuses not devise a spread bet (or a short / put / call) that would pay out if this actually happens?

I suspect a £50 bet on that would generate returns sufficient to pay for someone to fly first class to Australia and back with a case of vintage Dom Pérignon...

If I could I would. Not my game tho.Froddy, Maseratigent?

 

[Wattie]

But it won't happen, so you're going to lose money (OK it's only £50)

But if it gets that bad, not sure I want to be on a plane...

Just checked the charts. Over the last 12 months the high to low for the year isn't >16% on any of them. So 20% down in 6 months really would be.....

C

Yup, my odds are poor, but my gut tells me something else and it’s served me well in the past.
I still hope I’m wrong tho.

 

[Felonious Crud]

Yup, my odds are poor, but my gut tells me something else and it’s served me well in the past.
I still hope I’m wrong tho.

We've seen you on the fitness thread, Wattie. You haven't got a gut!

 

[Froddy]

Yay! This should be fun ...

At the risk of exciting Wattie, I think things are about to hot up (by Wednesday next week) I reckon ...

Why Wednesday? There are S&P Fibonacci timings cycles tomorrow and on 11/2:

https://www.tradingview.com/x/dU08KyAA/

The VIX (S&P volatility index) is in itself in a volatility squeeze on the weekly chart, with loss of downward momentum:

https://www.tradingview.com/x/HLmwlKiT/

S&P is at the top of the Keltner channel on the daily chart, and has today formed a "hanging man" Japanese candlestick doji formation (a potential reversal signal), together with bearish RSI divergence:

https://www.tradingview.com/x/6CnlqwEq/

The Aussie/Yen currency pair has not rallied with the markets today. This is important as it represents "the carry trade", a measure of risk off/on:

https://www.tradingview.com/x/HpOrn3pT/

And ... wait for it, Wattie: lovely volatility squeeze in gold on the daily chart.

https://www.tradingview.com/x/P9MvbloX/

Of course I could be completely wrong - the markets are designed to trick us all, and to reflect our "bias". I could just as easily make corollary arguments. I suppose all I can say, with probability on my side, is that the conditions are ripe for a market fall - not that there will be one.

MaseratiGent is the pro, and I would always defer to his expert view.

 

[Wattie]

Here’s another fun fact Froddy - the real way to make money in US equity markets is simple - Buy the close and sell the open...

 

[Wattie]

https://www.sportsmaserati.com/index.php?threads/shares-to-watch.30339/post-744871

 

[Wattie]

Very good

So all
DJI below 23432
DAX below 10782
FTSE below 5985
HSI below 21949

Before 2369z 13/08/2020

C

Looks like our little wager will be over today C.
As outlined please organise a dozen mixed reds/ whites for delivery to whomever is organising the next forum meet for those attending to enjoy, keep a bottle for yourself if you’re not going!
With my best wishes to all.

 

[Wattie]

Looks like our little wager will be over today C.
As outlined please organise a dozen mixed reds/ whites for delivery to whomever is organising the next forum meet for those attending to enjoy, keep a bottle for yourself if you’re not going!
With my best wishes to all.
View attachment 67001View attachment 67001

Confirmed,

 

[CatmanV2]

Yep. You were right.

C

 

[Wattie]

Yep. You were right.

C

Unfortunately.

 

[rockits]

So a quick update on the beat the bank interest rate project. After 3 months and around £35k of seed capital being used to start to trade with I have closed and banked about 10% per month profit. I'd say that is a success and way better than it sitting in a bank account earning squat.

Obviously with the pot growing if I can maintain 10% that would be way ahead of my expectations. I don't think it is possible to sustain this level but if I am realistic and aim for 5% per month I would be more than happy with that. Also it has added a burden on my time so with working quite a few hours as well it has been pretty full on for the last 3 months. It isn't sustainable and there are other projects I need to devote time to.

However just goes to show with a little bit of effort and being a little cautious some really good gains are possible. Much more so than it sitting in a high (sorry low!) interest savings account!

Not sure if my compound calculations are correct as I am no Albert Einstein. So £35k at the start of March should become £57k at the end of Dec @ 5%. Or @ 10% then £35k would become £79k over the same period. Mind bending really.