MrXxx

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  1. Upvote
    MrXxx got a reaction from UnconventionalWisdom in Why can’t you afford a home?   
    Its breaking the tryptic, `prpoerty is an investment as prices only ever go up`, `renting is wasted money`, and `there is a shortage of houses/land`...unfortunately the hard lessons won't be learnt as the indebted will be bailed out gently (with the use of tax payers funding) with minor losses at worse...even then they will protest that they have been `hard done by` and their predicament is/was somebody elses fault!
  2. Like
    MrXxx got a reaction from Admiral Pepe in The privatisation of the UK MP vested interest thread   
    Can we be quite clear on this though, it isn't just the Tories, it is all politicians...whether it's their need/greed for money, power or profile!
  3. Like
    MrXxx got a reaction from Admiral Pepe in Credit deflation and the reflation cycle to come.   
    Looking at this again I can see it doesn't read well, and so can be open to misinterpretation....and appears a little condescending... basically I meant to express that DT doest come across as very genuine and am surprised that the average street wise voter/supporter cannot see through this.
    Thanks for down voting as it got me to take a second look...now lets get back to making our fortunes!
  4. Like
    MrXxx got a reaction from Admiral Pepe in Credit deflation and the reflation cycle to come.   
    Looking at this again I can see it doesn't read well, and so can be open to misinterpretation....and appears a little condescending... basically I meant to express that DT doest come across as very genuine and am surprised that the average street wise voter/supporter cannot see through this.
    Thanks for down voting as it got me to take a second look...now lets get back to making our fortunes!
  5. Downvote
    MrXxx got a reaction from montecristo in Credit deflation and the reflation cycle to come.   
    I find DT to lack credibility as everything he utters is vacuous...in fact he appears so transparent it amazes me that anyone would actually vote for him, even the educationally naive, who are normally a little more streetwise and can spot BS a mile off!
  6. Downvote
    MrXxx got a reaction from montecristo in Credit deflation and the reflation cycle to come.   
    I find DT to lack credibility as everything he utters is vacuous...in fact he appears so transparent it amazes me that anyone would actually vote for him, even the educationally naive, who are normally a little more streetwise and can spot BS a mile off!
  7. Downvote
    MrXxx got a reaction from montecristo in Credit deflation and the reflation cycle to come.   
    I find DT to lack credibility as everything he utters is vacuous...in fact he appears so transparent it amazes me that anyone would actually vote for him, even the educationally naive, who are normally a little more streetwise and can spot BS a mile off!
  8. Like
    MrXxx got a reaction from Admiral Pepe in Credit deflation and the reflation cycle to come.   
    I don't think we are in disagreement...I think he is a clever game player too...take another look at my comment and you will see I was actually focussing on the naivety of the people that voed for/support him.
  9. Downvote
    MrXxx got a reaction from montecristo in Credit deflation and the reflation cycle to come.   
    I find DT to lack credibility as everything he utters is vacuous...in fact he appears so transparent it amazes me that anyone would actually vote for him, even the educationally naive, who are normally a little more streetwise and can spot BS a mile off!
  10. Upvote
    MrXxx got a reaction from Inoperational Bumblebee in Credit deflation and the reflation cycle to come.   
    As someone with experience in both industry and education I think this is pretty sound advice, the only real reason for doing a PhD is a love of the subject matter. If you can afford that luxury do it, but unless your career is in academia not having one won't hold you back...and even having one is not the sure fire to attaining a job in academia!
  11. Upvote
    MrXxx got a reaction from One percent in Low skilled immigration is not a benefit to the U.K.   
    I think this is a bit harsh..I have found the majority of E to be workers, not shirkers like the chavs we have here on benefits.
    That said, it still doesn't mean that your original statement was incorrect, let me offer an example in support...
    I had LL of a HMO who was also working for large housebuilders. He was forever complaining about EE driving rates down and their poor quality of work, but when he wanted an extension built who did he emloy?...EE...and then he grumbled about their workmanship...to finally `put the icing on the cake`, in one of his HMO`s he had two builders...where were they from?...EE.
    So it was fine to exploit them but he didn't like the same `medicine`...I find the issue with a lot of UK complainers is that they are hypocrites as well!
  12. Upvote
    MrXxx got a reaction from One percent in Low skilled immigration is not a benefit to the U.K.   
    I think this is a bit harsh..I have found the majority of E to be workers, not shirkers like the chavs we have here on benefits.
    That said, it still doesn't mean that your original statement was incorrect, let me offer an example in support...
    I had LL of a HMO who was also working for large housebuilders. He was forever complaining about EE driving rates down and their poor quality of work, but when he wanted an extension built who did he emloy?...EE...and then he grumbled about their workmanship...to finally `put the icing on the cake`, in one of his HMO`s he had two builders...where were they from?...EE.
    So it was fine to exploit them but he didn't like the same `medicine`...I find the issue with a lot of UK complainers is that they are hypocrites as well!
  13. Upvote
    MrXxx got a reaction from One percent in Low skilled immigration is not a benefit to the U.K.   
    I think this is a bit harsh..I have found the majority of E to be workers, not shirkers like the chavs we have here on benefits.
    That said, it still doesn't mean that your original statement was incorrect, let me offer an example in support...
    I had LL of a HMO who was also working for large housebuilders. He was forever complaining about EE driving rates down and their poor quality of work, but when he wanted an extension built who did he emloy?...EE...and then he grumbled about their workmanship...to finally `put the icing on the cake`, in one of his HMO`s he had two builders...where were they from?...EE.
    So it was fine to exploit them but he didn't like the same `medicine`...I find the issue with a lot of UK complainers is that they are hypocrites as well!
  14. Upvote
    MrXxx reacted to Admiral Pepe in Investing for the next cycle - for beginners!   
    Great post.
    I highlight the bold bit just to emphasise this. People really need to be careful who they read/listen to. Whether it's on the internet or in person. You don't know what their motives are and whether they're actually talking sense or even if they're human at all 
    Be careful of confirmation bias too.
  15. Upvote
    MrXxx reacted to Harley in Investing for the next cycle - for beginners!   
    Just a little insight into how I structure things in order to ensure I've got the big picture nailed before I take any deep dives into specific investments and trades.  I like to know I've got the bases covered and know where I am and why I'm there as I navigate this finance stuff so I don't mix things up. 
    Absolutely not advice, each needs to do their own research, make their own judgements, etc.  Everyone should be different.  I'm a bloke on the internet - I may be a total nonce talking total BS!  For illustrations purposes only to make the point about having a grip on the big picture.  Improvements and alternatives welcomed!
    I have physically separate funds for each type of investing/trading activity, each layered on top of each other like a pyramid.  I have specific rules and objectives for each fund.  That way, when I go into an account (fund), I know exactly what I'm there for, what I should be doing, and have hopefully allocated (managed) overall funds accordingly:
    - At the bottom.  I have a SIPP which contains a specific balanced portfolio allocation designed to protect wealth.  That after all is my retirement fund so the risk and reward, etc reflects that.  In I think WICO(?)'s terminology, I see this as my "floor" fund (designed to meet essential retirement expenses).
    - Next up is a low cost ISA containing high yield equities.  This is my high yield portfolio.  Pretty much a buy and hold set up where I'm more interested in dividend yield than growth.  In an ISA to shelter from tax.  It may be in the bank if we had decent interest rates!  Note there is a legitimate debate about whether such a high yield portfolio (HYP) makes sense over just a "total return" (dividends plus growth) portfolio.  I'm watching to see what the performance data says.  Again, the rules, risk and reward, etc reflect the purpose of the fund.
    - Next up is an ISA containing funds and investment trusts.  The focus here is on total return and possibly a bit of wealth preservation (analysis in progress).  I have this because maybe the professionals are actually better than me!  Plus they can access markets I can't.   But I pay more for them with their higher fees so my return expectations are higher.  Also a separate ISA to mitigate institutional risk.  Again, the rules, risk and reward, etc reflect the purpose of the fund.
    - Next a trading account.  A bit dubious, but not in an ISA because I want to be able to set capital gains off against losses.  That may change.  This is for trading - intermediate term buy and sells.  Profits (oh I dream!) from this fund get skimmed off into my other funds.
    Again each fund has it's own set of rules matched to the purpose of the fund.  The rules include buying and selling rules, risk management rules, review frequencies, etc.  We're not talking a lot of money so the fees could be reduced but I'm happy to pay for the clarity.
    Again, just an example.
  16. Upvote
    MrXxx got a reaction from One percent in Low skilled immigration is not a benefit to the U.K.   
    Five minutes of analysis?...an ounce of common sense would be sufficient!
  17. Upvote
    MrXxx reacted to spygirl in Credit deflation and the reflation cycle to come.   
    Nope.
    They spread the pain out over 20 years, with most of the pain falling on the under 40s (in 2007).
    The shit storm thats brewing up, Cuntbyn, Trump and all that, is the fall out.
    Take the hit when it occurs.
    UK aanks should have gone bust.
    The bank pension funds should have been used to bail out the creditors.
    Bank employees, esp. Fed th shred, should have been made total paupers.
  18. Like
    MrXxx reacted to spygirl in Credit deflation and the reflation cycle to come.   
    If you grew up in Somalia.
    Bishop Auckland is even more pikey than Darlo.
     
  19. Upvote
    MrXxx got a reaction from null; in Credit deflation and the reflation cycle to come.   
    And don't forget the 25% (currently) tax free lump sum on retirement...now that everyone is opted in to DC pensions I can see that tax break will gradually be eroded (and go unnoticed) each budget...perhaps a good reason to retire early if you can afford to?!
  20. Like
    MrXxx got a reaction from Banned in Credit deflation and the reflation cycle to come.   
    And those who should have learnt a lesson the hard wa didn't, this being evident by the same behaviour ten years later...and from what I can see the powers that be are so arrogant/dismissive of the electorate they will just offer the same solution!
  21. Upvote
    MrXxx got a reaction from Harley in Credit deflation and the reflation cycle to come.   
    I have thought about this situation before living in the SE..there is a cost/benefit point where all the extra you are earning in the South is paying for the higher housing costs (either buying or renting) so it makes sense to move northwards...in fact it can even result in a situation where you think "I can stay in the SE but to finally be mortgage free I will have to work up to 65, or alternatively I can move northwards, be in the same financial position but retire 10 years earlier"...is the glitz of the South really worth those extra 10 years?!
  22. Upvote
    MrXxx got a reaction from Bricks & Mortar in More Tory tax breaks for landlords   
    The problem is all of this assumes that the BTL brigade think in a logical manner...a few do, but the majority are clueless otherwise they would have invested elsewhere...
    As for encouraging a LL to keep a tenant longer as he/she may be a potential buyer...maybe if you look/talk the part, but the inverse would be that if you don't you are out after 6 months so LL can get a better option...or maybe not even getting 6 months in first place!
  23. Upvote
    MrXxx got a reaction from Bricks & Mortar in More Tory tax breaks for landlords   
    The problem is all of this assumes that the BTL brigade think in a logical manner...a few do, but the majority are clueless otherwise they would have invested elsewhere...
    As for encouraging a LL to keep a tenant longer as he/she may be a potential buyer...maybe if you look/talk the part, but the inverse would be that if you don't you are out after 6 months so LL can get a better option...or maybe not even getting 6 months in first place!
  24. Like
    MrXxx got a reaction from Admiral Pepe in Credit deflation and the reflation cycle to come.   
    I think it all depends on the index that the ETF follows and how it's weighted. Passive investment (through index ETFs) will not give you the big gains, but likewise it will not give you the big losses..it smoothes the volatility for you.
    To win at active investing you need to dedicate time/effort to it (and a bit of luck)...most are not prepared or do not want to do this so accept smaller returns.
    I see both approaches like putting a To Win bet or an Each Way bet, active investment the former, passive the latter...perhaps the ideal approach is a bit of both?, passive for your essential capital, and active for your fun money when someone down the pub gives you a `surefire` winner! :-)
  25. Upvote
    MrXxx reacted to One percent in Increase in building projects for sale - local phenomena?   
    They are selling into a very small market, I wouldn’t think that was mortgageable.