MrXxx

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  1. Agree
    MrXxx reacted to DurhamBorn in Credit deflation and the reflation cycle to come.   
    Thats a £200 job kibuc,£280 max,dont let them do the job,take it to a small independant to do then take back for the retest.That garage is having a laugh with you.(unless you have some real high end car of course).
  2. Agree
    MrXxx got a reaction from A_P in Credit deflation and the reflation cycle to come.   
    Bloody hell, wish I was this `switched on` financially when I was 25!...
  3. Agree
    MrXxx got a reaction from A_P in Credit deflation and the reflation cycle to come.   
    Bloody hell, wish I was this `switched on` financially when I was 25!...
  4. Agree
    MrXxx reacted to Democorruptcy in Credit deflation and the reflation cycle to come.   
    It's all about doing whatever it takes to stay in the game.  The main part of that for me is taking big losses out of the equation. Nobody is perfect and we all make mistakes, the thing is to make sure you don't turn a small mistake into a large one. This might mean taking an annoying loss but it's something you can forget about and you know it will come back later. I've worked behind the counter at a bookies and I've often seen the 'red mist' descend. A lot of people are clearly unable to take a loss so they chase it, having bets completely out of character, throwing away winnings accrued over a long period of time, in one day. Take a loss and don't let it fester.
  5. Agree
    MrXxx got a reaction from Bricks & Mortar in Credit deflation and the reflation cycle to come.   
    In the last part of this article I can't help but see the parallels with the 1970`s/80`s debt crisis in African countries...massive loans/QE are made, this wealth is then siphoned off to a few individuals, and ultimately the other 99% have to suffer the consequences...Developed countries=Developing countries=Developed countries=greedy elite!
  6. Agree
    MrXxx got a reaction from Bricks & Mortar in Credit deflation and the reflation cycle to come.   
    In the last part of this article I can't help but see the parallels with the 1970`s/80`s debt crisis in African countries...massive loans/QE are made, this wealth is then siphoned off to a few individuals, and ultimately the other 99% have to suffer the consequences...Developed countries=Developing countries=Developed countries=greedy elite!
  7. Agree
    MrXxx got a reaction from wherebee in Credit deflation and the reflation cycle to come.   
    As mentioned on this site (and below), Brexit has already been priced in...if it goes hard B, when the markets realize the UK isn't going to collapse/the world falling in the £ will strengthen OR if it goes soft B the markets will breathe a sigh of relief, and the £ will strengthen.
    As for Venezuela, once the `New Boy` is finally installed expect some payback to those who sponsored him via favourable trade contracts I.e. natural resources (oil?)...
    ...but I could be completely wrong :-), so as always Do Your Own Research!
  8. Agree
    MrXxx got a reaction from wherebee in Credit deflation and the reflation cycle to come.   
    Sentiment can be a viscous circle and that's where we are now...sellers are reluctant to drop prices due to recent history and so do this by a token amount, whilst buyers (given a recent 180 change in media coverage) now hold off believing that they will get a better deal in six months time. Any seller who wants to capitalize on the recent highs before they really drop needs to give a reduction that is `too good to refuse`, as in 12-24 months with pressured sellers it won't be a `big deal` and even greater reductions will be the norm.
  9. Agree
    MrXxx got a reaction from Funn3r in How we treat heroes in this once great land   
    OK, I appreciate many wont agree with my viewpoint but I think it's important to share it for balance. Whilst I agree with the majority of the points made above, nowadays I have little sympathy for those who join the forces...why?
    ...with the foresight of looking at previous history and the easy accessibility to media those who enlist are now in a position to make an informed (and educated?) decision. We treat our war vets atrociously, `wheeling them out` (with their mutilated bodies) on Rememberence Sunday for political gain, patting them on their backs and calling them heroes (whilst secretly saying `Thank God I don't look like that`), yet ignoring them for the rest of the year and leaving many of them to either live in poverty or on the `edge`of society (homeless) due to their inability to work/disabilities (both physical and mental)...
    ...the societal pressures to `defend your country` and not conscientiously object in WW1/2 were incredibly high but nowadays this is no longer the case, and so today joining the forces is a career decision, but one that can have massive (and potentially life changing) consequences, and `history` shows how much you are really valued by looking at how those preceding have been treated.
  10. Agree
    MrXxx got a reaction from Funn3r in How we treat heroes in this once great land   
    OK, I appreciate many wont agree with my viewpoint but I think it's important to share it for balance. Whilst I agree with the majority of the points made above, nowadays I have little sympathy for those who join the forces...why?
    ...with the foresight of looking at previous history and the easy accessibility to media those who enlist are now in a position to make an informed (and educated?) decision. We treat our war vets atrociously, `wheeling them out` (with their mutilated bodies) on Rememberence Sunday for political gain, patting them on their backs and calling them heroes (whilst secretly saying `Thank God I don't look like that`), yet ignoring them for the rest of the year and leaving many of them to either live in poverty or on the `edge`of society (homeless) due to their inability to work/disabilities (both physical and mental)...
    ...the societal pressures to `defend your country` and not conscientiously object in WW1/2 were incredibly high but nowadays this is no longer the case, and so today joining the forces is a career decision, but one that can have massive (and potentially life changing) consequences, and `history` shows how much you are really valued by looking at how those preceding have been treated.
  11. Agree
    MrXxx reacted to UnconventionalWisdom in Reddit discusses UK House prices   
    The banks and politicians have played a blinder. My grandad was Ukrainian, taken by the nazis at the end of the war as they wanted to train people to fight against the Russians. Luckily it didn't last too long, and he didn't have to fight but was at a training camp. However, despite not having a choice he couldn't return home as the Russians would have punished him and was offered to come here. 
    Despite having no English or penny to his name upon arrival, he worked in a factory and after a few years could get a nice family house. 
    This is much more than what I can hope for without getting into stupid levels of debt despite going to university to study physics, subsequently getting a PhD and having a good engineering job. Sheer madness. 
  12. Cheers
    MrXxx reacted to DoINeedOne in Credit deflation and the reflation cycle to come.   
    https://www.ukvalueinvestor.com/wp-content/uploads/2019/02/Master-Investor-Magazine-Issue-46-Free-cash-flow.pdf
  13. Agree
    MrXxx got a reaction from Funn3r in How we treat heroes in this once great land   
    OK, I appreciate many wont agree with my viewpoint but I think it's important to share it for balance. Whilst I agree with the majority of the points made above, nowadays I have little sympathy for those who join the forces...why?
    ...with the foresight of looking at previous history and the easy accessibility to media those who enlist are now in a position to make an informed (and educated?) decision. We treat our war vets atrociously, `wheeling them out` (with their mutilated bodies) on Rememberence Sunday for political gain, patting them on their backs and calling them heroes (whilst secretly saying `Thank God I don't look like that`), yet ignoring them for the rest of the year and leaving many of them to either live in poverty or on the `edge`of society (homeless) due to their inability to work/disabilities (both physical and mental)...
    ...the societal pressures to `defend your country` and not conscientiously object in WW1/2 were incredibly high but nowadays this is no longer the case, and so today joining the forces is a career decision, but one that can have massive (and potentially life changing) consequences, and `history` shows how much you are really valued by looking at how those preceding have been treated.
  14. Agree
    MrXxx got a reaction from DurhamBorn in Credit deflation and the reflation cycle to come.   
    This might be a useful read for those picking divi stocks (hhtps://www.ukinvestor.com/wp-content/uploads/2019/02/Master-Investor-Magazine-Issue-46-Free-cash-flow.pdf).
  15. Cheers
    MrXxx reacted to billfunk in Last share you bought?   
    I signed up to www.stockopedia.com through the naked trader's discount code for £165 for the first year (£225 for the second etc). It presents stock information very clearly and explains every metric which is useful for a noob like me. I also read the chat at www.advfn.com which has a lot of "traderly" type information on UK shares. For American shares I read www.seekingalpha.com. www.tradingview.com is a great free resource for world shares. www.finviz.com is a great free resource for US stocks only.
    I am considering signing up to a research subscription service as a crutch for my future swing trading. These services typically cost anywhere from $30 - $300 a month and deliver timely, actionable trades - a bit like what the naked trader does but in real time. I think at this stage I need something like this to get over my agnosticism. If anyone could recommend any good research subscriptions I would be grateful!
  16. Cheers
    MrXxx reacted to Castlevania in Last share you bought?   
    Short positions above a certain size have to be reported to the FCA. 
    https://www.shorttracker.co.uk/ compiles this information
  17. Agree
    MrXxx got a reaction from Bricks & Mortar in Credit deflation and the reflation cycle to come.   
    I stood on the side trying to understand what I was buying...and by the time I did I had missed the bus :{ ...but if DBs charts are correct I may get a sec chance :-)
  18. Agree
    MrXxx reacted to billfunk in Last share you bought?   
    No. I'm a noob investor and am just coaching myself to deal with volatility. I don't have a lot in at the moment and am looking forward to filling my ISA allowance in April. At the moment that £20k is likely to be on the sidelines with the other 90% of my money.
    I suppose if the price quickly shot up to £20 I would be likely to sell and claim it as a successful swing trade. The historic support currently lies at about £14 so I guess I would try and re-enter at that point.
    My main problem is that you can read all you like about how to trade but it means nothing without practice and skin in the game. I journal my trades and also like to put myself out here because it forces me to justify myself. It is a very effective shit test as it always sounds less convincing when I write it all down than it does in my head. I am deeply agnostic and so my natural propensity is to not enter any trades at all (as there is risk with every single one). But this just won't do as I can't accept the guaranteed loss of making only 1-2% in savings.
    So I am entering trades simply for the sake of entering them and seeing how it feels. There is some rationale behind the trades, some reading, though no definite strategy. I need to get to 100 documented trades ASAP to see whether I am cut out for it. If not I will just bung it in trackers and trusts and go back to sleep!
  19. Cheers
    MrXxx reacted to Yellow_Reduced_Sticker in Credit deflation and the reflation cycle to come.   
    Just loving this,  I'm sure ya words above reflect the 99% of us on this board...well they sure do for me!
    DB, my portfolio is only down now -2%  (was -30%) at one point ha-ha...main profit on Sibanye & Harmony...Sibanye has gone up almost in a straight line in the last few days, this alone should tell me to sell, whoever said this was an EASY business...!
    For those asking about DB's sliver PM's list, here it is below re-printed to save ya time looking back...
    REMEMBER folks *DO YA OWN RESEARCH* AND...if they go to zero YOU only blame yourself ....BUT if ya get a 100 bagger... BEERS all round sitting in DB's back garden on a tartan ground sheet, i may even bring my folding fishing seat that i got from the boot-sale for £1.50, btw ...if me portfolio does really good, i'll even pay for the fish&chips!
    *************************************************************************************************************************************************************************************
    I dont really want to give a straight buy these miners answer because a lot depends on time,laddering etc etc and im well up on some of these already.I also wouldnt want someone sticking their life savings into a portfolio of silver miners,as the whole sector could go down the pan if the silver call is wrong.
    However i own these silver miners,
    Alexco Resource Corp
    Endeavour Silver Corp
    Fortuna Silver Mines
    Great Panther Silver
    International Tower Hill Mines
    Coeur Mining
    Hecla Mining
    First Majestic
    *************************************************************************************************************************************************************************************
                                                                                                                   
  20. Agree
    MrXxx got a reaction from Bricks & Mortar in Credit deflation and the reflation cycle to come.   
    I stood on the side trying to understand what I was buying...and by the time I did I had missed the bus :{ ...but if DBs charts are correct I may get a sec chance :-)
  21. Agree
    MrXxx got a reaction from sleepwello'nights in Question for people who remember the 90s crash   
    There is a reason why you pay a premium for a builder with a reputation...this premium means his subbies are financially insentivised to work for him, are less likely to mess him about, and as a result he isn't left scrabbling around for cowboys.
  22. Agree
    MrXxx got a reaction from Bobthebuilder in Question for people who remember the 90s crash   
    Open vent system...is this TMs new version of the Back Stop system or the latest soundbite from a Eurocrat? :-)
  23. Agree
    MrXxx got a reaction from sleepwello'nights in Question for people who remember the 90s crash   
    There is a reason why you pay a premium for a builder with a reputation...this premium means his subbies are financially insentivised to work for him, are less likely to mess him about, and as a result he isn't left scrabbling around for cowboys.
  24. Agree
    MrXxx got a reaction from Bobthebuilder in Question for people who remember the 90s crash   
    Are these pre or post Brexit rates?...and how loosely do your apply the terms? I.e Carpenter=did woodwork at school...:-)
  25. Cheers
    MrXxx got a reaction from M.C. UK in Credit deflation and the reflation cycle to come.   
    Mmm, it's interesting to see how some nations like the Chinese are obedient and the eventually explode, some like the French explode and then eventually conform, and then we have the British who just conform and are obedient!