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Post by Deleted on Jun 2, 2020 11:26:45 GMT
You can get Mr Willy at 15-1 at the weekend's meet at Kempton. My advice is put everything you've got on it. You can thank me later.
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Post by Deleted on Jun 12, 2020 0:51:14 GMT
Is the stock market finally doing what it should have been doing for a while and falling again to a level where there will be value? The last month or two it seemed to have been performing against any common sense. Why would things be going up when so many people where losing jobs, temporarily or otherwise? Is this the bubble, the dead cat bounce, that some have been expecting? NFI. Shares are still over valued I reckon.
Don't catch falling knives.
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Post by Mr. FOLLARD on Jun 12, 2020 7:22:50 GMT
The FTSE got a big boost a few days ago with all the talk about 'lockdown release' but it's fallen sharply again over the last day or two.
The market is super sensitive right now, it seems - someone just needs to mutter 'stay at home' and everything tumbles.
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Post by cousinlou on Jun 12, 2020 7:44:37 GMT
Yes, markets ( always) behave less rational than we were made to believe in school. I see the same happening in commodity markets where the slightest hint of lockdown relief causes a swing in sentiment.
The fundamentals are what count and those are huge unemployment and an economy that is forecast to contract by 7.5% in 2020.
Not to mention the risk of a second wave of Corona.
The current backlash has been caused by the FED who have said they won't increase interest rates through 2022.
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Post by Mr. FOLLARD on Jun 12, 2020 7:47:21 GMT
Dividend payments for 2020 have either been cancelled altogether or significantly reduced.
People are saying 'hold on' but I don't know if some of these companies are going to see high profits again in my lifetime!
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Post by tory on Jul 13, 2020 6:06:02 GMT
Union Jack Oil (UJO) & Greatland Gold PLC (GGP).
If you want a quick bit of cash, the former is expected to rise from 0.2p to 0.5p this year. Still worth a long-time push as well.
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Post by Deleted on Jul 13, 2020 10:18:07 GMT
I'm trying to pluck up the courage to go in to my bank and ask about retirement funds. I'm afraid they'll be like "Aye Mr Curran, that's impossible. I think you should give all you money to a family member, for your own sake". I kinda what to ask can they estimate how much i could put in to a fund that will be reinvested in to low risk investments for the next 25 years. Just forget about it until i retire, so i can have a healthy sum when i hit 65 or earlier. Is that even a thing? Is asking how much to invest like asking how long is a piece of string?
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Post by tory on Jul 13, 2020 10:58:44 GMT
I'd say that if you want to be earning the same sort of money in retirement that you are now or slightly less, with the proviso that you have a mortgage paid for, then you need to be chucking £500 in a SIPP of your choosing NOW every month.
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Post by Deleted on Jul 13, 2020 11:06:09 GMT
When i retire i hope to have money from 3 pensions. One from work, personal one and OAP gov one. However that's 27 years away so a lot could change. I could be cleaned out from my divorce from my 3rd trophy wife.
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Post by tory on Jul 28, 2020 10:12:30 GMT
Buying gold looks to be a good thing at the moment.
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Post by cousinlou on Jul 28, 2020 10:17:54 GMT
Buying gold looks to be a good thing at the moment. Or rather, was a good thing about a week ago.
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Post by Mr. FOLLARD on Jul 28, 2020 12:38:19 GMT
Gold is always a safe investment, isn't it?
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Post by cousinlou on Jul 28, 2020 13:37:01 GMT
Gold is always a safe investment, isn't it? Basically yes but as with all investments, you need a long term horizon and funds that you don't miss when you're without them for a longer period. The same goes for most non perishable assets. With gold though, long term vision is proper long term: If you bought gold in September 2011, you paid $ 1,807/troy ounce. Since then it took untill last week for gold to become worth more than that. In the meantime it went as low as $ 1,078/troy ounce ( early 2016). Say you're in your early 40's and have some cash you don't need now but will around your retirement age. Gold is a fairly safe bet and you can step out and in again as you want. But even then, timing is important. You don't go out to buy gold at the top of the rally like today. Your investment in real estate is the same. The value may go down at some point, along with the economic tide, but the underlying fundamentals remain strong. Huge demand and a growing customer base. You just need to be able to ride it out untill the economy picks up again.
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Post by tory on Aug 24, 2020 9:10:44 GMT
Looks like AirBnB is going to offer an IPO at some point this year.
That's a pretty safe bet for investment I reckon.
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Post by Deleted on Aug 24, 2020 10:29:08 GMT
I invested in some gold ETFs a year or 2 ago. Their value has increased quite a bit. But if things get better their value will likely go down a bit, gold often being used as a hedge. Trying vainly to save for an apartment, fat chance in Sydney alas.
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