MrXxx

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  1. Agree
    MrXxx reacted to Democorruptcy in Credit deflation and the reflation cycle to come.   
    You said need and want are different things. They may not need yet, just want. Being childless is not a condition of the scheme. Ignoring 20% of the price means they might be able to buy the largest house they cannot really afford, largely because banks will lend on it. It's clearly being used as a second (or more) step scheme.
    Equity loans are available to first time buyers as well as homeowners looking to move
     
     
  2. Cheers
    MrXxx reacted to Long time lurking in Gove on coke   
    And in other news 
     
  3. Agree
    MrXxx reacted to the gardener in Woodford   
    I've got about £5k in that fund which is less than 2% of my/wife's whole pension/ISA portfolio. I went with it as I'd invested in his funds before and did well. No way would I put a large percentage of my portfolio into a single fund. Eggs and baskets.
  4. Agree
    MrXxx reacted to billfunk in Woodford   
    I have been reading some of the comments on Twattter about the Woodford fund. I am shocked by the number of numpties who are "looking for a solicitor" or for compensation because they have their whole savings/pensions with Woodford.
    My God, I wonder how some of these people get the money in the first place. I hate the attitude that the state should bail people out, or there should be legal redress for poor financial decisions. If people don't like 20% drawdowns then they should stick their money in "safe" savings accounts and earn 1% a year.
  5. Agree
    MrXxx got a reaction from UnconventionalWisdom in Credit deflation and the reflation cycle to come.   
    And because the majority of the electorate are financially illiterate/disinterested the move of wealth to a select few will just continue happening!
  6. Agree
    MrXxx got a reaction from StrugglingMillennial in Credit deflation and the reflation cycle to come.   
    And because the majority of the electorate are financially illiterate/disinterested the move of wealth to a select few will just continue happening!
  7. Agree
    MrXxx got a reaction from UnconventionalWisdom in Credit deflation and the reflation cycle to come.   
    Well 50% of them don't anyway, as they will be using any surplus salary paying off their student loans until they retire!
  8. Agree
    MrXxx got a reaction from Bricks & Mortar in Credit deflation and the reflation cycle to come.   
    Well 50% of them don't anyway, as they will be using any surplus salary paying off their student loans until they retire!
  9. Agree
    MrXxx reacted to Yellow_Reduced_Sticker in Credit deflation and the reflation cycle to come.   
    I bought Endeavour Silver & Yamana Gold on 13 May - i mentioned it a few pages back, ...and YEAH!
    They went DOWN a few days later and you had around a 4 day window of opportunity to get 'em CHEAPER tham me!
    anyway they are nearly up to what i paid on 13 May.
    i see my new gold stuck i'm only down 67% on these
    my best performer is Harmony Gold up 40% THANKS @DurhamBornand when all is said and done my portfolio is only down -14%.
    so not too bad in the grand scheme of things...
     
    BTW, i went to Blackbushe Car Auction yesterday, NEVER been there before...cos fedup in my area trying to buy a 2nd-hand car from scammer-dim-wits!
    had my eye on 4 hondas and could NOT beleve it, they went well over my buget, however these were VERY good LOW millage cars, i mean one honda 2009 had 11,000 miles it looked BRAND NEW - i even checked out the history online a BRILLANT basically NEW car ...biding started at £3,100 which shocked me...was expecting around 2k...AND final bid £4,200!
    BUT...some GOOD News!
    there are 3 auction halls and hall 1 i hadn't even looked in, so took a mosy on over ...well feck-me WHAT a place!
    cars going for 100 quid! ...i kid you NOT...this was the REDUCED Section, how the feck could I of missed it!
    this hall was FULL of bottom feeder bargain hunters oh boy did i feel at home here!
    one car came in, and the auctioner couldn't get a 100 quid starting bid, so he reduced it to 99 ...an indian guy stepped up and asked did he say 99p!
    the auctioner retored back in a NICE laughable way... what the f**k do you think this palce is the POUND SHOP!
    one dealer chap who looked like he'd just got out of bed with a wisky bottle inside his shirt bought 6 cars while i stood there in AMAZMENT!
    he did not pay over £250 for any car! the only down side to these motors is they are HIGH millage, some even at 170,000, but hey-hoo ya take a chance cos most of 'em had good bodywork, and of course the problem for us private buyers is we pay more commsion, anyhow i'm going back next Monday for MORE FUN!
    I will say this there is NO RECESSION in the used car market thats for sure!
     
     
     
     
     
     
  10. Cheers
    MrXxx reacted to sancho panza in Credit deflation and the reflation cycle to come.   
    As said previosuly,if I'd known then what I know now,I'd have sacked it and bought GDX/SIL.But the fees are expensive and the dividends barely cover it.I'll be buying ETFs going forward a year or so,totally converted on that one for things liek indices and sectors.But the PM ETFs have very high fees.
     
    Aslo SIL is loaded up with Wheaton and Poly.WHen you buy the ETF you buy their weighting.I'm willing to take some risk for exposure to the multibaggers
  11. Agree
    MrXxx got a reaction from Bricks & Mortar in Credit deflation and the reflation cycle to come.   
    Well that's why, you mentioned it on here and everyone went out and bought it!...just hope YRS didn't see your post today and bought in otherwise it will be `bombing` tomorrow! :-) :-) :-)
  12. Agree
    MrXxx got a reaction from One percent in Peterborough by-election this week   
    But what's the penalty for non compliance?...wait, let me guess, imprisonment?...that'll be in one of those bursting at the seams hostelries that we have at present then!
  13. Agree
    MrXxx reacted to BadAlchemy in Peterborough by-election this week   
    That article is a fucking depressing read. A town blighted with BTL spivs, foodbanks, and low wage imported labour. Same thing up and down the country. I recently went shopping in Crawley. A very 'enriched' town where you will hear not so many people speaking English now (*). There was a soup kitchen dishing out meals to people in the main shopping area in the afternoon. I don't think I had ever seen a soup kitchen in operation before down here in Surrey/Sussex. Sure, maybe up in central London but not down here. I remember feeling so angry about this.. that we need to physically drag the fuckers out of Parliament and the Bank of England and give them a tour (Belsen/Auschwitz post-liberation stylee) of the fucking mess and human misery they have created with their debt bubble, ZIRP/QE, and bankster bailout games.

    My contempt for our current set of politician/bankster scum has no bounds.

    (* Not a racist comment as the MSM would, of course, scream. Not placing blame or causality directly with immigrants; they are merely pawns, just one of the many tools used by politician/bankster scum against us)
  14. Agree
    MrXxx reacted to Austin Allegro in Peterborough by-election this week   
    Censuses are pretty inaccurate in my experience. I worked on the 1991 census in London and the under-reporting and non-returning of forms was fairly bad then - one thing I noticed was the mostly foreign people on my patch just didn't understand what it was all about and didn't trust anything from the government anyway  - and these were the ones who actually opened the door to talk to me. According to people I know who have worked on the 2001 and 2011 censuses it has got worse since then. You can bet that not one single 'beds in sheds' person is going to be reported on any census.
  15. Agree
    MrXxx reacted to Virgil Caine in He doesnt look the part .....   
    I have to admit to being a bit conflicted over professional boxing. It is sometimes a great spectacle but it can be a brutal and barbaric game for the fighters who can end up broke and with their brains scrambled.
    There are not many sports where you can go from being champion of the world to grovelling incoherently on the floor looking for your gum shield in the space of a few seconds.
    It also takes a lot of courage to step into a ring where you risk not only a physical battering but also potentially being ritually humiliated in front of millions of people. I think the latter can sometimes be as tough on the fighters as the former.
    Unlike many professional sportsmen these guys earn their money the hard way.
     
  16. Agree
    MrXxx reacted to JoeDavola in He doesnt look the part .....   
    Well I know fuck all about boxing but I do like Rocky and this is like a real life Rocky movie.
    I love it when the underdog wins in any kind of competition, especially when most people have been mocking them, in this case for being a bit of a chubster.
    So well done that man.
  17. Agree
    MrXxx reacted to ccc in He doesnt look the part .....   
    I think Wilder and Fury would both beat Joshua. 
    Wilder is a very average boxer - but that big right would keep swinging and catch him eventually. 
    Fury is simply a much better boxer than Joshua will ever be. 
  18. Agree
    MrXxx got a reaction from Great Guy in "That's why I really want to get back to Britain because I know it will be taken care of - health-wise, at least,"   
    Yes I heard this, this morning and my initial reaction was `So when does parental responsibility for protecting your children from such influences become the states responsibility?!`
  19. Agree
    MrXxx got a reaction from Great Guy in High Yield Portfolio (HYP)   
    OK, just to make sure I understand this, a few questions about HYP
    1. Their purpose is not only capital gain but primarily to provide a regular (& reliable?) stream of dividends in retirement (like an annuity?).
    2. If 1. is correct why can it not be done with a low cost FTSE100/DOW physical distribution tracker, as these are likely to contain the major companies (in the major %) that you would be buying anyway?
    3. Finally, are IT doing the same thing as a HYP but obviously charging you a premium for the leg work?
    Thanks for the answers, still (always) learning and want to make sure I have understood it correctly.
  20. Agree
    MrXxx got a reaction from Harley in High Yield Portfolio (HYP)   
    Hi Democorruptcy,
    yes, that's what I have been reading...just wanted to make sure I had understood it correctly....
    ...and as for DYOR Harley, I always do and don't consider anything I read on here (or any posts I make) to be financial advice...we should all be making our own financial decisions here or we shouldn't be here in the first place!
  21. Agree
    MrXxx got a reaction from sarahbell in "That's why I really want to get back to Britain because I know it will be taken care of - health-wise, at least,"   
    Yes I heard this, this morning and my initial reaction was `So when does parental responsibility for protecting your children from such influences become the states responsibility?!`
  22. Agree
    MrXxx got a reaction from Democorruptcy in High Yield Portfolio (HYP)   
    Hi Democorruptcy,
    yes, that's what I have been reading...just wanted to make sure I had understood it correctly....
    ...and as for DYOR Harley, I always do and don't consider anything I read on here (or any posts I make) to be financial advice...we should all be making our own financial decisions here or we shouldn't be here in the first place!
  23. Cheers
    MrXxx reacted to Democorruptcy in High Yield Portfolio (HYP)   
    This and the links it provides, might be of interest
  24. Cheers
    MrXxx reacted to Harley in High Yield Portfolio (HYP)   
    The key questions.  Fair to say HYP is not favoured by some.  I walk a middle line by having a HYP portfolio but other types too to match to my retirement objectives.
    In answer:
    1.  Their primary objective is income above an index (e.g FTSE) average.  As far as gains, the main focus is to not lose value rather than gain.  So yes, like an annuity but clearly not as the risk is different and arguably higher.
    2.  Quite likely. People do it for a number of reasons such as achieving more than the FTSE average yield and to have better control.  Also some funds like the IUKD ETF just buy the highest yielders, some of which are high for bad reasons.  I have owned this one and felt I was buying yield at the expense of my capital.   Other funds have other selection criteria so are "better" in that respect.
    3.  ITs for me are great to have because they can access markets I can't.  It is also said that they hold reserves so can smooth out their dividend flows in down periods.  Fees can be high but so can the yields.  DYOR.
    So, a bit of this and a bit of that for me.  I hold several virtual portfolios, each with a different objective (HYP, trading, etc), to spread risk, match risk and returns to my retirement needs (see the floor v upside concept), and to give me clarity and focus when managing them.
    So all a personal choice so please DYOR and make your own decision to match your own requirements, getting professional advice as necessary.
    PS:  lemonfool.co.uk provides an active discussion on the merits, demerits, etc.
  25. Agree
    MrXxx got a reaction from BurntBread in What's going to collapse next...   
    I suppose they thought that they could brush it under the carpet and forget about it!