Originally posted by sasguru
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Previously on "City pours scron on results of European bank stress tests"
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Originally posted by DimPrawn View PostBut my plan is simple. Gold is rising in price, property is falling. Buy gold, sell gold, buy property.
Too complicated for dullards like sasguru.
Fact is, you're simple. That's why you're poor.
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Originally posted by sasguru View PostI kind of agree with this, but only once you have a sizable wedge.
Getting that wedge in the first place requires nerve and risk taking. Or like me you can just be born at the right time to cash in on a once in century property boom.
Once you have it be conservative and like you say, take a risk with at most 10%-20%.
What you need to understand about DIm is that he's stuff is all imaginary. He doesn't even own a property.
But my plan is simple. Gold is rising in price, property is falling. Buy gold, sell gold, buy property.
Too complicated for dullards like sasguru.
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Originally posted by lukemg View PostThink long term, get rich slowly. If you want some fun, use 10%, then it doesn't affect you or your family if it goes up in smoke...
Getting that wedge in the first place requires nerve and risk taking. Or like me you can just be born at the right time to cash in on a once in century property boom.
Once you have it be conservative and like you say, take a risk with at most 10%-20%.
What you need to understand about DIm is that he's stuff is all imaginary. He doesn't even own a property.
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Agreed, it is a bit dull. Fortunately I started 15 years ago so already enjoying the rewards.
Good luck all...
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Originally posted by DimPrawn View PostSounds very dull. I'll stick to buying gold, sellling gold and then buying property - all real tangible wealth as opposed to money. Good luck. Enjoy your "paper" wealth in 20 years time.
(it's my plan B)
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Originally posted by lukemg View PostNo need for a book. Depends on time to retirement but you need to consider the following:
1. Lowest cost index trackers you can find.
2. Consider HYP.
3. Compound interest.
4. Pound-Cost averaging.
5. Investment trusts.
6. Fixed interest (it's dull but a good idea).
7. HOLD YOUR NERVE !!
Think long term, get rich slowly. If you want some fun, use 10%, then it doesn't affect you or your family if it goes up in smoke...
Leave a comment:
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No need for a book. Depends on time to retirement but you need to consider the following:
1. Lowest cost index trackers you can find.
2. Consider HYP.
3. Compound interest.
4. Pound-Cost averaging.
5. Investment trusts.
6. Fixed interest (it's dull but a good idea).
7. HOLD YOUR NERVE !!
Think long term, get rich slowly. If you want some fun, use 10%, then it doesn't affect you or your family if it goes up in smoke...
Leave a comment:
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Originally posted by lukemg View PostSounds a bit like amateur hour on here with the - made a few % shouts on this or that share/commodity/currency.
You are competing with people who have 100times the information you have and pay to get it ahead of you, you won't win long term and are gambling same as on horses. Don't let the odd lucky guess convince you that you have a clue.
You need a better strategy people or at least something stable for 80-90% of the pot and gamble the rest.
HTH
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Sounds a bit like amateur hour on here with the - made a few % shouts on this or that share/commodity/currency.
You are competing with people who have 100times the information you have and pay to get it ahead of you, you won't win long term and are gambling same as on horses. Don't let the odd lucky guess convince you that you have a clue.
You need a better strategy people or at least something stable for 80-90% of the pot and gamble the rest.
HTH
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Originally posted by OwlHoot View PostYou'll be as poor as the rest of us when they nationalise gold deposits (not for the first time)
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Originally posted by DimPrawn View Post
If you have money in shares and are trading short term it's a good idea to watch things like the Euro, the $, S&P/DOW futures, bond yields etc.
I'm short AUD/USD since last week and up 6% on the account now.
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Originally posted by DimPrawn View PostLook a bit silly with a van full of gold bars on the counter.
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Originally posted by DimPrawn View PostLook a bit silly with a van full of gold bars on the counter.
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