Reply to: Plans B

[Numptycorner]

I used to do day trading in AIM shares. After sitting on a loss of 15 grand I gave it up. I can't believe how much frauds and corruption goes on there. Directors drive the company to the ground and pocket all the money. Happend to me with many shares.
Now there is a plan B - Float a company in AIM and live life big time

Like Artisan :-(

[Churchill]

My plan B is to send the wife out to work.

Plan C is to send son #1 out to work.

Plan D is to send send son #2 out to work.

Plan E is to send daughter #1 out to work.

DundeeGeorge is lonely in Ipswich...

[OrangeHopper]

My plan B is to send the wife out to work.

Plan C is to send son #1 out to work.

Plan D is to send send son #2 out to work.

Plan E is to send daughter #1 out to work.

[AlfredJPruffock]

Which way will you fall ?
Up or down - for better or worse
Any fool can tell you their plan B
But it takes a wise man to know ...
...what to do ...what to do ... what to do ...

[andy]

You weren't very good at it were you

Initialy I made good money since many of them rise spectacularly like 2 fold increase in one day but then from my portfolio of about 8-9 shares 3 went bust.

[Diestl]

You weren't very good at it were you

[andy]

I used to do day trading in AIM shares. After sitting on a loss of 15 grand I gave it up. I can't believe how much frauds and corruption goes on there. Directors drive the company to the ground and pocket all the money. Happend to me with many shares.
Now there is a plan B - Float a company in AIM and live life big time

[tim123]

OK but I think you would find the economics of running a country pub would mean that hiring a manager would not be viable. There is not that much money to be made out of them

Surely this depend on whether you give up the day job.

tim

[rootsnall]

My plan B was to take a reasonable permie package ofter 23 years on the game. Pays better and much less stress than any of the other ventures I looked at.

After all that time contracting and with a reasonable asset base one does tend to think why bust a gut and only clear 25k.

I ponder this one every year or 2 but the trouble is that reasonable permie packages tend to mean they expect you to take a bit of responsibility and hastle on board. Code cutting permie salaries don't seem to have gone up much in years outside London.

[milanbenes]

incase you are wondering benes planb is doing very well

like any business would benefit from more investment, but
that's life and will come with time

good luck with your plan b's

Milan.

[ASB]

My plan B was to take a reasonable permie package ofter 23 years on the game. Pays better and much less stress than any of the other ventures I looked at.

After all that time contracting and with a reasonable asset base one does tend to think why bust a gut and only clear 25k.

[rootsnall]

This is my plan B.

However if this is your plan B then its a good idea to have a good sturdy weather proof cardboard box on hand, just in case.

Brings a smile to my face thinking about one of favourite contracting colleagues who worked a lot of 7 day weeks to get his bank balance to bragging proportions before losing 70K in a matter of days while Day Trading in tech shares.

I have done a couple of building projects for my Plan B, hard graft and risky compared to contracting but a good way of taking a break from IT monotony and travel.

[BlasterBates]

...aha that's interesting Gooner, we can compare out strategies at the end of the year.

May the best man win.

[n5gooner]

I'm looking to start my Plan C, my Plan B is the BTL I have, my Plan C which I'm in talks about now, will NET me 50k per year, the investment is 250k, and to top it everything is in cash !!! Once this is setup, I won't need to contract and it will only need me to put in about 8 hours per week, but I do have a plan D which again is cash and will give me about 70k per year but I'll need about 300k investment for it. The work will be about 3 day every two weeks.

[BlasterBates]

Anyone ever tried online trading or spread betting on shares/markets? Im sure you could make an extra 1k a month doing it.

This is my plan B.

However if this is your plan B then its a good idea to have a good sturdy weather proof cardboard box on hand, just in case.