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Post by Reasonable good Nick on Jul 2, 2019 11:35:28 GMT
I think I've mentioned on here before that a couple of people who know about these things have told me that investing in classic watches offers good returns. Especially discontinued ones like Rolex Submariners. There are whole websites devoted to the minutiae of this stuff.
My Mum and dad have two cartiers! Provence here I come! Yeah baby!
I can see the bestselling book now. A Cunt in Provence.
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Post by Deleted on Jul 2, 2019 11:38:12 GMT
Hmm. I've got a Cartier.
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Post by Mr. FOLLARD on Jul 2, 2019 14:48:16 GMT
Yeah, I'm looking into all this SCRIPS/DRIPS stuff. But it's nice when the shares keep or increase in value so the dividends are like regular payouts. And I have alerts set up for a lot of the FTSE 100. Give it a few days and I might buy something that looks promising. www.shareview.co.uk
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rayge
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Post by rayge on Jul 2, 2019 15:49:22 GMT
oh dear
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Post by Deleted on Jul 2, 2019 16:40:27 GMT
I know, I know. I need to get ON IT otherwise how on earth am I gonna retire at 50 and move to France (with a holiday home in Italy?).
I think I've mentioned on here before that a couple of people who know about these things have told me that investing in classic watches offers good returns. Especially discontinued ones like Rolex Submariners. There are whole websites devoted to the minutiae of this stuff. My old mod mate Nick was a classic watch dealer, particular watches from the 20s and 30s. He had a stall in Camden Passage for a while. Like any specialist area like that, you need a lot of knowledge and knowledge of the market to buy well. Not recommended if you don't have this.
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Post by Deleted on Jul 3, 2019 0:15:13 GMT
ETFs (Exchange Traded Funds) and LICs (Listed Investment Companies) are a good way to invest in shares. Spreading the load as well to reduce risk. You are relying on the expertise in these companies rather than convincing yourself you know what you're doing.
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Post by Mr. FOLLARD on Jul 3, 2019 10:36:54 GMT
So you just hand over some money to one of these companies and they invest it for you?
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Post by Deleted on Jul 3, 2019 13:44:10 GMT
With ETFs you basically buy shares in a fund, You're just buying and selling normal standard tradeable shares. These funds buy a broad basket of shares in, say, a stock exchange. So maybe a broad spread of shares in USA or Australia or England or Japan. The point is that if that market goes up your shares do as well. It spreads the risk of just buying shares in one company Of course there's a downside if the market goes down.
But it's worked for me so far, have made some really decent gains, much higher than standard interest rates, and I don't have much money! But there are no doubt shonks out there, so spread your risk.
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Post by Mr. FOLLARD on Jul 3, 2019 13:51:08 GMT
Thanks fellas.
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Post by tory on Jul 3, 2019 15:00:25 GMT
Don't you sell rare records from your collection for ludicrous prices? (£850 for a sisters of mercy record iirc) You are a grubby capitalist like the rest of us!
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Post by Half Machine Lipschitz on Jul 3, 2019 16:13:22 GMT
With ETFs you basically buy shares in a fund, You're just buying and selling normal standard tradeable shares. These funds buy a broad basket of shares in, say, a stock exchange. So maybe a broad spread of shares in USA or Australia or England or Japan. The point is that if that market goes up your shares do as well. It spreads the risk of just buying shares in one company Of course there's a downside if the market goes down. But it's worked for me so far, have made some really decent gains, much higher than standard interest rates, and I don't have much money! But there are no doubt shonks out there, so spread your risk. So how does one get started in something like this? I've got a bit of dough from the sale of my parents' house that's sitting in a savings account and earning some interest, but I'd like it to do more for me. How do you decide who you're going to trust with your money?
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rayge
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Post by rayge on Jul 3, 2019 19:18:43 GMT
Don't you sell rare records from your collection for ludicrous prices? (£850 for a sisters of mercy record iirc) You are a grubby capitalist like the rest of us! No, I don't. You have a different understanding of the nature of capitalism, and indeed of money, to me. And I wash frequently.
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Post by Deleted on Jul 4, 2019 6:04:50 GMT
So how does one get started in something like this? I've got a bit of dough from the sale of my parents' house that's sitting in a savings account and earning some interest, but I'd like it to do more for me. How do you decide who you're going to trust with your money? You have to set up a share trading account with your bank or similar. Then you can start to buy and sell shares, it's just like buying Apple shares or whatever. Then search for some ETF funds and invest a bit. Can't really advise you on what funds you can invest in Sweden, but I'm sure there are many. Anyhow I am not a financial advisor, not even close to one so caveat emptor.
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Post by Cousin Lou on Jul 4, 2019 11:10:49 GMT
My mam left me some shares and after transferring the certificates (one HUGE fucking hassle even more difficult than sorting out the actual probate, but anyway...) I have a small portfolio. Don't hate me - it's not much. Instead of selling them all I'm keeping them, at least for now. I've arranged to get regular dividend payments, and I'm keeping my eye on their market value online. It's addictive. I wonder if it's worth buying any more now. My first instinct was to think that it's unwise while all this Brexit lark is going on and the markets are nervous, but it's not quite that simple. GlaxoSmithKline, for example, are doing well. That's my tip for today. Playing the market, I think, is something between keeping savings in a high-interest bank account and gambling on horses, as far as risk/return goes. There's a lot of advice online, even for modest investors. You know, 'if I had £1000 to invest right now', that kind of thing. erm....does anyone else do this? No I don't but if I would, I'd buy real estate or pay off the mortage. Alternatively, buy stocks in an industry that you know very well.
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Post by Deleted on Jul 6, 2019 14:29:59 GMT
Pharmaceutical and insurance companies are sure bet investments, for the most part. Like printing money. I'd put large financial institutions in that mix too.
As I've related on here before, my dad was a cheap bastard and both my mom and dad grew up in the Depression. We had to put cardboard in our shoes when young if it wasn't time for new ones. For all that cheapness when we were young, my dad put some money into annuities that we had to untangle when he died. My brother, being a control freak, wanted to handle them, but lasted about a week until he handed the duties over to me. Along with my dad's house sale in the lucrative Bay Area housing market, it totaled a pretty good amount for my brother and me.
Which was good, because after my divorce, I was looking at $60,000 in 401Ks to get me through the rest of my life for retirement. In the US, you get a nominal amount in social security you build up through work, but the rest is up to individuals, including healthcare costs.
I hired a financial advisor my ex uses and dumped most of the estate money into different funds - pretty conservative funds since I'm getting up in age and can't afford to lose big, even if there are potential big wins. I also have my current 401K and a life insurance policy that has a savings component in it. And as some may know, I bought a house in Eugene, OR, which I rent out for potential retirement in the future. I also added to college funds for the kids. I consolidated all the separate 401K money from previous companies I worked for and put them into funds too. I've made about 10% on my money, which is pretty good, considering.
I kept a fair amount of cash in savings because my 16 year-old lives with me and Bay Area rents are so expensive, I needed to have three or four years available until I move. But that may change since I am renting in the same school area my son has all his friends in, but he's going to an alternative high school next year so I'm freed of that.
My son wanted to try the stock market so I set up a fairly small account of $1,000 in e-trade. He wanted to invest money in alternative meat and food companies and the investment seems to be working pretty good for him.
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