Reply to: City pours scron on results of European bank stress tests

[DimPrawn]

If it was that simple everyone would do it.
Fact is, you're simple. That's why you're poor.

Crush a man's dreams won't you.

[sasguru]

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.

If it was that simple everyone would do it.
Fact is, you're simple. That's why you're poor.

[DimPrawn]

I 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.

I own one property, my mother in law lives in it. A sort of "keep it in the family" BTL.

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.

[sasguru]

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...

I 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.

[lukemg]

Agreed, it is a bit dull. Fortunately I started 15 years ago so already enjoying the rewards.
Good luck all...

[Doggy Styles]

Sounds 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.

What's your address for begging letters, Dim?

(it's my plan B)

[DimPrawn]

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...

Sounds 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.

[lukemg]

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...

[DimPrawn]

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

You sound like you are selling a strategy. Can I buy your ebook?

[lukemg]

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

[MarillionFan]

You'll be as poor as the rest of us when they nationalise gold deposits (not for the first time)

DimPrawn says 'I pity d'fool'

[OwlHoot]

When I'm a billionaire in Sterling, so some time in the next few months. Printy printy, money is worth tulip.

You'll be as poor as the rest of us when they nationalise gold deposits (not for the first time)

[Jog On]

Gold reaches record high as markets stressed by banks and eurozone worries - Telegraph

Risk sentiment switched to risk-off today and the Euro is plummeting while the $ goes up.

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.

[TestMangler]

Look a bit silly with a van full of gold bars on the counter.

[MarillionFan]

Look a bit silly with a van full of gold bars on the counter.

Walter Mitty just phoned. He thinks you're a bit of a bulltulipter.