azzuri82

Nothing at the moment, I don't actually have a lot of time to trade so concentrating on my core fundamental hated list.

What's your thoughts on Card Factory SP?!

From my experience of living in Edinburgh and seeing these new self-contained bedsit-style buildings being thrown up, a lot of the residents here are the sons and daughters of the nouveau-rich from China, India etc. When China et al crash, these sorts of accommodation providers will be screwed.

Wow - is that just in the last few months?

Some good friends of ours have done exactly this. They've just had a baby and have extracted equity from their own 2-bed flat (in addition to a BTL mortgage) to buy another 1-bed flat in the same area for £125k (which will likely rent for £600-650pm) at what I think will prove to be the top of the market. They are lovely people, but although a talented tradesman, new 'rich dad, poor dad' isn't the brightest, and was telling me at lunch a month ago about this plan and I urged them both to have a rethink. I spoke to them about negative equity, problems re-mortgaging, brexit, possible downturns etc. and although they clearly respect me and my opinion on things, this shitrag of a book appears to be their new bible on life and financial decisions. God help them. Still though, the book encouraged them to take the bus rather than drive everywhere, a theory that might well save them a few quid over 20 years, but I'm fully of the belief that although the little financial decisions are important, it's the big ones that'll ultimately chart the overall financial well-being of your life.

Buffett won't touch it for the same reason.

Check out the Netflix chart for the last 2 years, sorry I'm posting this on my elderly smartphone otherwise I'd do it myself, but if you're a chartist it's real bear food type stuff. They're screwed.

I'd say that likely 80-90% of them make money, but not enough for it to be worth the risk/effort. A lot of the people in franchising are the sorts that get £50-100k redundancy money and splurge it straight away on such a franchise or a coffee shop to provide 'an income'. It gives them the illusion they're masters of their own destiny / self-employed, but they've just replaced one slave master with another.

Why would they, when they get a cut of every sale, regardless of whether your 'partner'/ franchisee makes any money.

Snapchat subpoenad by the SEC over things it "failed to disclose" prior to its IPO. Still reckon there's firm support at zero for SNAP.

I live in Edinburgh, and can confirm that the last 12 months have seen prices skyrocket. The anecdotals I hear about prices dropping elsewhere in the UK might as well be the other side of the world. It's a microcosm of madness in the Lothians.

This.

This coming week should be very interesting in US equities, will let us know the trend for the next couple of months. The destination is of course going to be the same, but this week will give a hint on overall timelines.

50 quid on 50k holding this month, totalling £150 for two months' draws been a part of now.

Agreed. I pissed 4 years away - it still irks me the missed opportunities in life/business that could've come my way if I wasn't so preoccupied with sleeping until midday whilst justifying my laziness by playing the 'I'm at University' card.