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OK guys. Pick holes in this. They are forecasting a possible 20% rise in rent next year, so it is time to do something. I believe in free markets, but not when they are so clearly broken. I propose all council tax is paid by the landlord. But for properties up to band F, rent is capped at 6* council tax. Looking at the bands here it would be almost exactly where we are now. It would also get the renters VERY engaged in council elections!

One thing I've noticed about Polymetal since the waterfall is the stages management and the board go through over the past 26 months. I'd be interested to hear others opinions. First denial this really cost shareholders as they acted far too slow, they should have split the company as soon as April 2022 but they did not they plodded on. Now the situation is vastly different but it has an earily feeling that the board and management are not acting in the best interests of retail shareholders. This is a consequence of bad decisions early on in the stage of the share price demise. The huge swathes of retail shareholders who bought in the dip are now seen as a weight around the board's neck and possibly slowing the push for a listing on a fluid exchange. In other words make retail sweat so test weak hands, I could be wrong? At this stage of the cycle where it does feel like a standoff between retail and the CEO it just shows the damage that has been done through poor decisions being made and denial. I can't talk about SA as I know nothing about it. But from experience with RU company's listed on Western Exchanges, sometimes the enemy at first is you're own government but later when the dust settles and the institutional investors want their shares back at a discounted price. The Board and management become hostile to retail and so it becomes how long is too long to wait. Watching from afar now as i only hold a reasonable size position, but now politicians have lost interest; but in my opinion there is a lot of value in the current company but the captain at the helm is not ready or has not been given the hat tip to allow this value to be captured by investors. It's interesting and something I never took into consideration when I stated buying shares. Government and companies boards are quite different but the same beast when problem's arise and money is to be lost or made. I do think Polymetal will again rise as the experience the company behold is baked in and their AISC is only beaten by Russias largest PM miner.

How much is that in terms of annual savings? 4.5% is around about what I can save in a year. Don’t really want a position that’s more than that. Edit: which stocks are those? You must have a very high conviction.

goodness me. I must be an outlier - I have 3 stocks at 20% each. Very diversified in terms if industry, country, etc.

I get a bit fed up with energy talk (so left swipe most MacroVoices podcasts ) but glad I persevered with this one for the truth bombs like "Germany hasn't moved to wind and solar, it's just de-industrised"! https://www.financialsense.com/podcast/20900/mark-mills-policy-vs-reality-and-coming-energy-storm

Same. My biggest holding is currently Hochschild and that’s roughly 4.5% of my overall pot.

Big fuck off divi that landed in your account the other day should help aliviate the waiting

The beauty of techs over narratives, etc is I can "agree" to such posts! Not that I've done any more of a technical analysis that look at that chart!

It also, for us, does potentially support the notion of keeping an individual stock/bond portfolio in addition to fund portfolios just to better mitigate certain risks, even at the "cost" of higher other risks and more work.

Sa has been a basket case for years..sibanye looks like a value play..the Rand is weak and weakening..risky sure but I will add more to my existing holdings as a risk reward for me looks worthwhile..it s also a uranium and Rand weakness play..the gold will be a bonus..us is more interested in South America than South Africa..if gold gets to 5k I will have long sold..be lucky..

And then there's concentration risk. I'd be unhappy with anything more than 5% in a holding, a stock or a fund.

Mining In South Africa. Waiting - Still patiently waiting..

Agreed. Not seeing much value. Even my go to boring stuff that I like to buy when I can’t think of anything better to put to work have rallied over the past few weeks (Philip Morris I’m looking at you).

No mattress and damp stains above the unshaded light. Inviting! All the walls look like they're using textures from DOOM

Triggered by a couple of upthread posts about holding too much cash, we tried to go on a buying spree yesterday. Everything, especially equities, is very expensive on a technical basis. For example, W and M stochastics heading to or in the 80's with MACDs maturing. Dailies not much better but hard to use those if it means buying into such headwinds (i.e. betting intermediate overbought becomes more overbought). Best we could do was mainly buy some low vol income stuff or take small initial positions in some targets. Fine if ya in else wait at the stop for a less full bus and risk getting mugged!

At least only lost profits! It's a fascinating read if you're in the global security business, etc. Else ya probably never know.

If worried about such geo-poly, you could also add ICJ/Gaza. PS: BTW, was on some other threads and was musing how nice it is to get an Aus perspective on things.

Some etfs have a reduced share of the US (e.g. 21%), else diy a set of regional etfs ex-US.

Money talks. Africa is a keystone of resources and most of the global cabal has skin in the game within the country to avoid upsetting the apple cart. China’s made huge investments. Look at France’s stockpile of gold in exchange for a made up CFA currency that they installed. Fuckwhittery in SA would destabilise the rest of Africa, no one wants that. And in regards to any internal trouble, Sibanye take their security very seriously.

Last time the PMs ran i had very big holdings in Sibanye and Harmony,very big.I decided for the points you made to lower the exposure to SA and decided to sell Sibanye for i think 50% profit and hold Harmony.That cost me over £50k in lost profits.Harmony trebled,but so did Sib.Iv decided on these situations to accept you just have to accept the risk,but keep the holding sizes where it would hurt,but not jump off a bridge hurt.The US needs SA for platinum,everyone does.

Rachel with the rack,how many times have i told you monetising welfare is why rates are high and public sector pensions.Housing bennies for the imported 3rd world means workers cannot compete.

Cunt…Politician….same thing. nothing surprises me. No exceptions with the main political parties. Whether it’s starting wars, printing money, increasing their own pensions, giving their mates mates public sector contracts, saying one thing doing another, being woke, sending back 50 immigrants whilst bringing on 700,000 others, fiddling expenses, swapping allegiances, jabbing babies, following current populous trend, telling us to not use a boiler from their 6 litre Audi etc etc. Feeding house prices like this gets more votes than it loses…that’s it. Simple. Beyond that they just don’t care. I couldn’t single out one in particular politician as being a cunt….it suggests others aren’t.

It was wasnt during coof - ~2014/15 About 2 years in from when you could actually borrow at stupid low rates and fix them for 5/10y. At time a first direct fix was by far the best buy - HSBC were shovelling in loads of saving bonds to the Chinkies then recycling them as low low fixed mortgages in the UK. Rate was bouncing around 1.5% which is nuts. I thought - Well, if this continues, I might need another mortgage later, which Ill just take to avoid cashing in some investments. It didnt last .... But I did get a cheap mortgage. I did mean to tot up the the IR Id pay - a 25y typically pays the same again in IR payments. At the start the max IR I was paying was ~1.5y/IR - ~120/m IR. The IR cost dropped pretty quick, as I was overpaying a lot.

Like I said. Cunt.