Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

It seems to me that Cameron has the wrong Willie!

Call me "Dave", being interviewed for a new star role in Johnny English film.

Willie is joining forces with P. Andrew with Vince as "Q".

Should be good if they remember their scripts.

Script provided by Cleggy and partners.

I keep all contract notes for all shares that I own and if I sell I keep them for another 10 years since I think that the tax people can now go back 10 years if they can come up with a 'reason' to do so.

The way I look at it is that if I keep them I will never need them but if I shred them I will need them the next day!

Are printed off notes regarded as cast iron evidence? What happens if your broker's records get trashed eg. they go bust or get their system hacked and wiped?

I also get broker statements every 3 months listing all my trades would that not be sufficient proof.

This-is-me,

Whilst it is down to the tax payer to prove they have paid tax due or to show they were not liable to pay tax, I am certain that if you make reasonable effort to show such proof, IE printed records, then they would have to prove these records were wrong to prove their case.
Presume say that if my brokers records had be destroyed in a fire, or trashed as in your comments, then what proof could they possibly ask for, as none would be available apart from your copies.
It is the same for business accounts.
Most contract notes sent out must surely be in copy form.
So I am sure copies would suffice.

Aldwick,

I also get a summary but every 6 months not every 3, but these only show my holdings, not price paid when bought or gains when sold, so my 6 monthly summary would not do.

Greek.

I suppose you could get copy's of the info from your broker at a price.

Suggestion.

Use a database.

Either use the down load image of the contract note, or photocopy the contract notes.

Multi-file them under different fields and you can print them off as required.

(You can't use this method for share certificates.)

I tend to use Outlook for "pure" internet dealings and sub-direct as I think appropriate.

That with the monthly accounts from broker would be sufficient.


Sharescope software has accounting package within it; which will keep accurate portfolio and dealings and "help" work out CGT etc.

Used it for about 15 years. VGood.

Thanks Fred , a database seems the way to go.

A spreadsheet is better, if you set it out well then you only have to print out the correct bit to send with your self assessment form.

Apparently it's no longer politically correct to direct a joke at any racial or ethnic minority so try this one:

An Englishman, a Scotsman, an Irishman, a Welshman, a Latvian, a Turk, an Aussie, a German, a Yank, an Egyptian, a Jap, a Mexican, a Spaniard, a Russian, a Pole, a Lithuanian, a Swede, a Finn, an Israeli, a Romanian, a Bulgarian, a Serb, a Swiss, a Greek, a Singaporean, an Italian, a Norwegian and an African went to a night club.

The bouncer said: "Sorry, I cant let you in without a Thai."

I like that one , but i think i would shorten it to just include a filippino , a cambodian and a chinaman.

UR wellcome......

http://twittertraders.forumotion.co.uk/.......... say Mick Kipper invited you on board.

As a total failure,part time investor. I am amazed that anybody makes any money at all and certainly not enough to pay TAX!! I have to date invested in no fewer than 12 companies.My score to date is a cracking 30% book loss !! I tend to read up on the companies then act on my gut feeling. I have now realised that my gut feeling is probably indigestion !! Thank god I did not convince my dear sweet partner to invest or life would truly be not worth living !!! Russel Crowe made it look so easy, you keep your cool while others shout and scream in the market place. Then at that precise moment of optimum gain sell. Simple! Gains a house in Provence and the undying hatred of the rest of the beaten traders. If only life was that simple folks. But hi! ho! it is a lot of fun.

Hi Beebusy

What a change to see a post that does not contain the usual, making thousands with several multi baggers, although those sort of posts are regular on other sites, they are very rare on here.
How long have you been investing. I only ask because I have been a fairly serious investor for about 10 years, and for the first 6 had similar experiences to yourself. It is only over the past 4 years (mainly the last 2) that I have managed to make decent profit.
The main change I made was looking at balance sheets and cash flow, something I took very little notice of in my early investing years. During those first years, I took far more notice of 'Hype', a big mistake.
Not saying I am anything but an amateur, but at least I feel I have turned the investing corner.
Mind you the way the markets ave behaved over the last 2 to 3 years, who knows what will happen. Any gains could quickly melt away.

BB,


Stick to the FTSE 350 for a while, before increase you risks with the smaller companies and AIM stock.

Then read the postings of various threads about the wonder companies of 2-3 years ago and look at their charts.

Check your spreads and recalculate your stop losses.

The latter is probably the most difficult to get right.

Good luck, but travel slowly and enjoy the scenery.

PS.

Perhaps, also invest on a longer time period and tolerate economic swings,

Greek,

They are melting at the moment.

bbusy,good point,outside of an ISA i try to trade up to the max nyself and let the rest run.By the wayif you notify th TMan, your losses are carried forward.

Windy here in yorkshire, very windy.

http://twittertraders.forumotion.co.uk/

Seaquake.....Tsunami...in Japan....no need for words...pictures say it all....

I suppose I first started about six or seven years ago. I followed the investments of RAB capital, which at the time was very very successful. To be fair I watched one 80 pence share climb to the giddy heights of 9 which I was desperate to sell but on advice held. The population rioted and the company shares plummeted, I got out, the company had a name change and has since had a rise but without me. Rab, is resorting to buying back their own shares after a crash worthy of Icarus.Oxs has a bad attack of underhand attempts to aquire the business. The list goes on. I decided that Banks were very cheap, and after all logic says that high street names that were trading at 8-9 and now could be snapped up at 1 ish was a good buy ?? Result Lloyds now 60p. So my friend I now play the waiting game. Topping up on shares I still have confidence in when they look cheap. I dont invest anymore than I can afford to lose although winning would be very nice!! And as you say if all these people out there are making such grand gains there must be an equal amount of loosers, here is one wheres the rest?? The biggest winner on my side is TD Waterhouse !!! With all my pointless buying and selling they sit back putting my pennies into their well filled purse. Dont even ask about my venture into the Canadian Mining sector !!! Regards a not so Busybee.

BB,

When you are in "good" profit, why not put a trailing stop loss. (5-10%) and accept it. Sometimes you dam the stop loss and other times you will be very content with your profit.

At least you have a profit and you can reinvest in the same share at a small cost

I wish I had stuck to the above many times and resisted lowering the B . Stop loss.

Also, spread you money around a larger bundle of shares.