Phoenix Share Discussion Threads

[netcurtains] 04/7/2024 07:55

Anyway we all agree that being in the EU is better than Brexit both for us and the EU.
Its now time to move on, we made bad mistake and have to live with it.
Traders do it the entire time.

[gbh2] 04/7/2024 07:17

Getting rid of Brexit will reintroduce Zero Hour Contracts, in low paid customer service centres, where training minimal and future prospect abysmal.

This country grew during the Manufacturing years before our Manufacturing, Fishing & Farming industries were all sold off to the EU all we were left with is the Financial sector which the EU constantly attempted to gain power over during the Brexit years!

[tornado12] 04/7/2024 06:46

Guys I am an expat in Europe and they are in no better place than U.K. believe me. They suffer the same issues we have in U.K. and things could change quite quickly if Le Pen gets power in France. The issue of immigration is a massive problem in every country ! Just hope Labour don’t screw around with equity markets as they don’t have a scooby doo ! GLA

[tournesol] 04/7/2024 06:06

Svend

I think you’re missing a few details.

As I remember, we joined the EEC in 1973 without any referendum. Ted Heath’s government made that decision without having any legitimate mandate.

Labour was strongly opposed to the EEC, wanted to leave it and promised to stage a referendum when next in power. In 1974 they won a General Election. Their stated policy (and democratic mandate) was to leave the EEC.

Harold Wilson reneged on his previous commitment. He delayed the promised referendum and started campaigning to stay in. When the much delayed referendum finally happened over 2 years after we had joined, many voters simply accepted the guidance of the Prime Minister and voted to stay without really understanding the underlying issues. I took more interest than anyone else I knew. I saw the direction of travel of the EEC as reducing democracy and independence and voted against continuing membership. Having done so I accepted the result of the referendum, albeit with a conviction that Wilson and Labour behaved badly and against their own mandate and that it was not democratic for a government to call a referendum and then campaign for one side - as Wilson (and later Cameron) did.

Basically the three decisions to join, to remain and to leave were all mismanaged in ways that undermined their underlying democratic legitimacy.

[cassini] 04/7/2024 00:51

Nobody minded the EEC. A trade bloc, fine.

It was when the EEC morphed into an antidemocratic overarching social 'project' for the elites as opposed to a common market that things started to derail.

The consequences are starting to come home to roost now, in Europe I mean, as the suppression of democratic will and the substitution of the elites' will in its place is starting to cause instability that can't be suppressed anymore.

It's taken a lifetime though.

Watching the paroxysms in the States as Joe Biden suddenly, with no warning, out of the blue, inexplicably developed dementia has confirmed to me just what a charade the media and the political class are. I've been watching compilations of him on Youtube for two or three years at least, looking confused, fluffing lines, reading autocue instructions out loud by mistake and being unable to find his way off stage. Let's not even go into the hair-sniffing behaviour...

Watch for the political machine damage control now as the wagons circle, people who have said the 'wrong' things about Joe are taken aside and given a talking to.

This is the way it all works folks. It's all a charade, based on 'manufacturing consent', usually by deception.

Remember that when you put your tick in that box tomorrow.

On the plus side, I'll shut up about politics now...

[svend2] 04/7/2024 00:13

It's important to recognize that both the decision to join the EU and the decision to leave were rooted in democratic processes, though the contexts were quite different.

The decision to leave the EU in 2016 was indeed a result of a nationwide referendum, reflecting a direct expression of the public's will at that moment. However, the role of political parties in both referendums shouldn't be underestimated. Political parties, campaigns, and leaders were instrumental in shaping public opinion and framing the debate on both occasions.

The 1975 referendum on joining the EEC also involved a significant democratic process, with a substantial majority voting to remain in what was then the Common Market. Both referendums reflect the democratic principles of their times, driven by the issues and sentiments prevalent among the electorate. Additionally, it's worth noting that the 5% rule, which some argue should ensure a supermajority for significant constitutional changes, was not observed in either decision process.

Ultimately, democracy is a living process, evolving with public opinion and societal changes. Both decisions were democratic, influenced by the unique contexts and dynamics of their respective periods.

[svend2] 03/7/2024 23:59

tournesol > That's an interesting perspective.

While it's true that Brexit was the result of a public referendum, the context surrounding it is nuanced. The 1975 referendum on joining the EEC (European Economic Community) was also a democratic decision, with a significant majority voting to stay in.

Brexit’s 2016 referendum reflected a complex interplay of political, economic, and social factors that resonated with the electorate at that particular time. Both decisions, to join and to leave, were ultimately expressions of the democratic process, shaped by the prevailing sentiments and political climates of their respective eras.

It's a reminder that democracy can yield different outcomes based on changing public opinion and circumstances.

[tournesol] 03/7/2024 22:20

Brexit wasn't brought about by a political party. It was a democratic decision. The decision to leave the EU was more democratic than the decision to join it in the first place.

[my retirement fund] 03/7/2024 21:23

Hopefully, you Phoenix holders are all going to use your vote tomorrow rather than abstain in a safe tory seat. Do make your vote count! Lets put this party who brought us Brexit firmy in the dustbins of history and try to heal some of the damage! Use yoir vote wisely where it really can actually make a difference rather than be wasted: Https://tacticalvote.co.uk/

[mcunliffe1] 03/7/2024 15:47

grape must ;-)

[gbh2] 03/7/2024 15:36

Off topic?

Wine is a must when dealing with the UK stock market.

[mcunliffe1] 03/7/2024 14:43

Sorry to get you excited there Skinny, but the wine has returned to its normal price. I only bought at the £3.99 rate. Their primitivo red is very good though at £5.99.

Sorry to all for off topic here.

[skinny] 03/7/2024 12:21

MCunliffe - that sounds worth a try (Rioja).

[mcunliffe1] 03/7/2024 11:30

It helps when Aldi drop the price of their un oaked Rioja to £3.99 (in England at least).

My last punt on ABDN has today moved into profit. Just. Bounght 3285 shares at £1.51297 on 21 May. Looking to get to about £1.61 - £1.64 for about £300 gain.

It's not asking too much ;-)

PHNX however I see as a long term divi payer. A replacement for an annuity that I've never really fancied.

[gbh2] 03/7/2024 11:15

I generally keep a ring fenced number for dividend interest, as you write, my trading profit isn't huge, but it more than pays for the weekly food & wine bill.

[cassini] 03/7/2024 11:06

1 or 2% profit needs a big position to make it worthwhile!

I tend to look on it in terms of proprtion of the divi - if the divi is ~10%, then at least a 5% profit through a trade is a significant proportion of that and worth the risk, especially in the 'quiet' period between divis.

[gbh2] 03/7/2024 09:43

MC: I'm equally sympathetic to you living at the wrong side of the hill, good luck :)

[mcunliffe1] 03/7/2024 09:27

gbh2: I upticked you in sympathy with your weather. Mine, in Lancashire, is little better most days.

I also visit these boards daily as I've little else to occupy myself with now I'm retired. Unless I'm on holiday. And the investments fund that activity.

I also look for about 5% movement but on a £5k punt. Mainly with ABDN although I have made the £300 target profit on a short holding of Ashtead Group (LSE:AHT) a few months ago. I see their recent drops as a potential for another punt perhaps.

Hope it dries up soon gbh2.

[santangello] 03/7/2024 08:35

Allow me to post a rare opinion and thought......in times of known events that can influence the market (i.e a General Election), where the outcome is 'known'.......the outcome is usually well factored into the same.....

.....City gents like to see their holdings make them money too, and detest uncertainty.

Just a thought, and why I have added PHNX twice of late.

NB: income seekers could do no worse than look at SNWS (back from xd tomorrow), at todays mid price yielding around 7.7%

[jubberjim] 03/7/2024 07:11

I don t pretend to understand what's going on

Monday this message board is full on talking up the share price of phnx

Fast forward 24 hours the message has reversed and now phnx being talked down

Relax nothing going to happen until after election results here and abroad are known

Famous last words

But at the moment we are spoilt for choice with the dividends on offer

CSN LGEN MNG and PHNX to name but a few AV. Also but dividend lagging a little behind the aforementioned

Nerves very apparent at the moment

[santangello] 02/7/2024 22:56

hxxps://www.pensionsage.com/pa/greater-pension-investment-inuk-assets-expected-post-election.php

[williamcooper104] 02/7/2024 19:30

Annuities get classified as Life insurance

[petersinthemarket] 02/7/2024 17:09

Phoenix claims to be the UK’s largest long-term savings and retirement business and not an insurer, so why is it listed in the LSE Life Insurance sector?
pete