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Credit deflation and the reflation cycle to come (part 3)

spunko

By spunko
in Property Prices & Economy

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ThoughtCriminal

ThoughtCriminal

Posted
Posted
1 hour ago, Noallegiance said:

 

Fantastic vid, thanks for sharing. 

 

What a great speaker to go along with the wisdom. Love his humour and simplicity. 

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Noallegiance

Noallegiance

Posted
Posted
9 minutes ago, ThoughtCriminal said:

Fantastic vid, thanks for sharing. 

 

What a great speaker to go along with the wisdom. Love his humour and simplicity. 

I'm awaiting delivery of his books.

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Popuplights

Popuplights

Posted
Posted
39 minutes ago, spygirl said:

My one bit if retirement advice - the first 15 years of retirement are the most expensive - assuming you dont go into care.

After 80, most peoples ability to splurge slows down.

 

I fully intend to ensure I don't need long term care. 

My FIL has nearly exhausted his cash savings at a rate of 5 grand a month. 

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Jesus Wept

Jesus Wept

Posted
Posted

@DurhamBorn I reckon some of the big telecommunications companies are looking good value - unloved - at present.  I’ve been following them closely since April 2020.
 

As I said 2 weeks ago, I picked up some BT, VOD and VZ (25/10 @ 135p.  BT started its climb the day after to 160p on 4.11.21). VOD and VZ still languishing. Long term “retirement ISA dividend holds” for me. 

Anyway I think tomorrow I’ll buy:

TEF, ORA, and some AT&T. 

Looking at value and defensive stocks going forwards.

Not sure I want to immediately add to my VOD, BT and VZ.

Any thoughts out there? Out of the sectors: Oil, Potash, Telecoms, Infrastructure, Mining, Silver, Metals…. I’m only seeing buying opportunities in Telecoms, & Silver / Gold.

I think the miners even though off a nice bit from their peaks have a bit to go before I’ll dip my beak. I have no exposure having sold FCX after 30% gains (currently up 300% since March lows - fuck).
 

Here are those telecoms with falls since spring 2020. HTWS is an interesting Africa Market telecoms play? 

 

90EC81B8-B48B-4276-B1E8-CB8942ACFA7B.thumb.jpeg.debf54172fcf15ee8d25a50bfce028b8.jpeg

 

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Bricormortis

Bricormortis

Posted
Posted
45 minutes ago, spygirl said:

My one bit if retirement advice - the first 15 years of retirement are the most expensive - assuming you dont go into care.

After 80, most peoples ability to splurge slows down.

 

:Old:Viagra is a thing now.

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sleepwello'nights

sleepwello'nights

Posted
Posted
26 minutes ago, Popuplights said:

I fully intend to ensure I don't need long term care. 

My FIL has nearly exhausted his cash savings at a rate of 5 grand a month. 

Sounds as if he has some expensive hobbies. Or is he squirrelling his savings away in some way?

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leonardratso

leonardratso

Posted
Posted
18 minutes ago, sleepwello'nights said:

Sounds as if he has some expensive hobbies. Or is he squirrelling his savings away in some way?

i suspect <pref. pronoun> means in care home fees, but maybe ive misconstrued what <pref pronoun> meant. @Popuplights can you clarify?

edit, dont want to inadvertently upset the pervs and freaks....

 

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DurhamBorn

DurhamBorn

Posted
Posted
6 hours ago, Bobthebuilder said:

Being 50 and I presume self-employed, a SIPP might be a good place to start. The tax relief is a big bonus to start with, but you need to check your access age etc, to see if it's good for you. DYOR and all that.

I plan to stuff every penny I can into my SIPP then start drawing it from 55/57, 25% tax-free lump sum, then tax allowance every year after.

Being mortgage free is a great place to be going forward, maybe have a look at what needs to be done, windows, doors, etc. Future-proof it now. Really glad I had most of the work done on mine that was needed last year, price rises from then have already saved me quite a bit of dosh.

Welcome and good luck.

Better to not draw the 25% in one go,instead dont go into full drawdown until a month before your state pension kicks in,take the full 25% tax free cash then.Between 55/57 and state pensions withdraw £12.5k allowance + 25% tax free so £16700 tax free,its called a UFPLS Uncrystallised funds pension lump sum.At 55 thats what il do and from then until state pension age re-invest divs in the ISA.25% lump sum at 67 will go in ISA as well.

25% tax free and drawdown is only really best from 67/state pension age unless you want to spunk the big tax free cash on a Merc or Range Rover as lots seem to,they would be better off with some Finasteride a and a gym membership.

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Loki

Loki

Posted
Posted
22 hours ago, ThoughtCriminal said:

He's fucking daring me to short Tesla the twat 🧐

 

20 hours ago, Loki said:

Maybe he's been reading David's tweets and wants some plausible excuse to cash in now, by popular demand, no less.

Nothing these people do is ever an accident - I bet YES gets it.

 

Yes 57.9%

No 42.1%

You can't even begin to conceptualise my disbelief

 

I've just been having a read of his Twitter, I've honestly never looked at before.  Painful.  Here's one at random

These pathetic new Messiah types are going to be seething.xD

No refunds.

 

 

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Noallegiance

Noallegiance

Posted
Posted
2 hours ago, DurhamBorn said:

Notice at 10.52 he mentions Zantac and Glaxo ,i was working on it then,that and Salbutamol/Ventolin.

The hard part is gonna be the cycle change combined with the possibility of the current index price levels not being seen for decades.

Picking winners for what's coming is going to be important. Can't necessarily rely on Peter's experience of broad markets only ever going up with corrections.

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planit

planit

Posted
Posted
4 hours ago, spygirl said:

My one bit if retirement advice - the first 15 years of retirement are the most expensive - assuming you dont go into care.

After 80, most peoples ability to splurge slows down.

 

Are you sure?

I reckon my girlfriend will be warn out by the time I'm 80 and prostitutes ain't cheap.

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Option5

Option5

Posted
Posted
9 hours ago, planit said:

Are you sure?

I reckon my girlfriend will be warn out by the time I'm 80 and prostitutes ain't cheap.

Deflate her between sessions and she'll last longer.:ph34r:

A puncture repair kit might be a good investment as well.

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Popuplights

Popuplights

Posted
Posted
13 hours ago, leonardratso said:

i suspect <pref. pronoun> means in care home fees, but maybe ive misconstrued what <pref pronoun> meant. @Popuplights can you clarify?

edit, dont want to inadvertently upset the pervs and freaks....

 

What mean is that I intend to have a means ready so that I can slip gently into the night. I will not endure seeing out my final days in a care home.

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Popuplights

Popuplights

Posted
Posted
13 hours ago, sleepwello&#x27;nights said:

Sounds as if he has some expensive hobbies. Or is he squirrelling his savings away in some way?

Sorry, what I mean is FIL is in the care home paying 5k per month. 

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sleepwello'nights

sleepwello'nights

Posted
Posted
6 minutes ago, Popuplights said:

Sorry, what I mean is FIL is in the care home paying 5k per month. 

That's a shame I was hoping he was investing it in women and wine instead of squandering it :D. 

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