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Platform Transfer Finally Completed and Pointless Trust Changes

Good News! A transfer of one of my SIPPs from one platform to another has finally been completed today (22nd June). I initiated the transfer on the 12th January this year so this has actually taken over 5 months. A totally unreasonable period of time for what should have been a simple transfer of cash and a few direct shareholdings of UK listed crest stocks. However their failure to collect the tax refunds on PID dividends on some of the holdings ...

TSCO – TESCO Company Information and Vote Guidance

by Cliff Weight, Director, ShareSoc. These are my personal views and not necessarily those of ShareSoc. I am not qualified to give financial advice and nothing in this blog should be construed as such. I own shares in TESCO. It is one of my largest holdings and I have owned Tesco shares since the 1980's. Tesco performed very well in the 1980's and 1990's gaining market share and growing fast and its out of/ edge of town superstores were a winning formula. ...

Palantir: The Next Tesla, or a Financial Black Hole?

This is a guest article by Tim Sunderland, founder of Mitto Markets. The views expressed in the article are those of the author and not necessarily those of ShareSoc. The Tesla Comparison Admittedly, the timing isn’t ideal when comparing Palantir to a company whose Commander-in-Chief (or Technoking as his official job title states) is pumping out Crypto tips not even the Salvation Army would take in. But despite Elon’s quasi-Twitter-God-like status wearing thin with even his most faithful acolytes, let’s not forget that Tesla’s ...

How Wealthy Americans Pay No Tax

This article expresses the personal views of its author, not necessarily those of ShareSoc. There was another article in the Financial Times today covering “How the wealthiest Americans get away with paying no tax”. The item was based on a report by ProPublica which suggested that America’s richest billionaires paid virtually no taxes on hundreds of billions of dollars of added wealth over the past decade. They only paid 3.4% of the increase in taxes. The report is based on leaked IRS ...

ShareSoc Patron Lord Lee Parliamentary Question about Bacanora take-over

The background is that ShareSoc was approached by the Bacanora Lithium Shareholder Action Group which is being run by Dee Patel who asked for ShareSoc’s assistance. We have helped them in explaining some key issues in how to run a campaign, how to obtain the shareholder register, problems with voting nominee shares, etc. We also thought whether a takeover would be in the UK public interest issue. We drew this to the attention of ShareSoc Patron Lord Lee, who has now tabled ...