The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Hi peakhope, hope you are well. As long as you keep posting on here, you are allowed to spread your eggs/seeds lol.
On a serious note, it is very good to spread your investment, I am bull on Syme as you know and 98 percent certain this will come good, however there is always a chance it won’t and if that day ever happens you will be very happy you spread your bet. IMHO
Wolf, I’ll speak to you on arb, as you are there. Save manager having a nervous breakdown. Just joking manager.
Poor - I’m not cross ramping, for the insecure investors, Any profit I make, I’ll be topping up here, so is Syme related. ;-)
So glad you put that - I’ve recently invested in Forbes - I’m up at moment - it’s boring as hell after being on this bb - I’m thinking of selling Forbes and against all advice - having all my eggs in one basket - “ in basket monetisation “ lol
ATB
Hi wolf, absolutely loved arb today. What a share, traders dream. Did you manage to average down?
I’m not cross ramping, for the insecure investors, Any profit I make, I’ll be topping up here, so is Syme related. ;-)
I’ve got some sympathy with strange’s POV. I was trapped myself in renting for a good ten years as had to leave home at 18.
Was on the verge of buying a two bed semi and a 3 bed came up on the same development so we were lucky that our first home was our ideal family home.
Wish I had took the plunge in my 20’s though as those that did are sitting on a fortune now.
Napalm, completely agree, people are not prepared to work hard any more. We have become a go fast society. Every thing is fast, from food to entertainment. Look at this share, investors here want results instantly lol. Every thing is moving too fast for my liking. :-)
If leveraging yourself up to the eyeballs in debt expecting someone else to pay it for you makes me unintelligent then I guess you are right.
Lets see how intelligent these people are if house prices fall 20% and the government rightly withdraws more tax perks.
I agree poor investor, my first house wasn't the best, but I learned quickly how to add value, how to do the ground work needed to reduce tradesmen's expenses, how to identify good tradesmen from bodger's.
It's hard work, and I remember once my pregnant wife called me at 2am in the morning as I was at a wreck I'd just bought and I was grouting the bathroom tiles. People aren't prepared for that sort of hard work anymore, don't want to get their hands dirty and start at the bottom.
There will always be a market for rentals, especially for professionals such as doctors who own their own property in a different area but move to a new hospital and rent their forever home out. I have two doctors as tenants now, and it's a simple exchange of monies, they rent out, they rent from me, they result net nil expenditure and I gain.
The problem with the rental market is owners buying properties,doing bare minimum investment to it with sub standard equipment and then charging the earth. That's not my bag
Napalm, problem these days, too many people want hand outs. What do you mean, buying in your desired area? (Location they want). It is very rare to be able to buy your first home in a desirable area. I bought my first home in a real ghetto, but it was mine. I added value and traded up a couple of times, now I live in a area which I would consider desirable.
*coming*
Hows Hugh Hefner's beach house comming along?
strangemartian sounds like a true corbynista
Hi Strangemartian - thanks for your socialist narrow minded point of view.
My tenants have been long term DSS - I provided accommodation in areas where the local authority could not, also long term professional tenants were renting suited their lifestyle. No "Rackmanesque" tactics, as Napalm eloquently points out there are plenty in the BTL business with high standards and values.
Your avatar is appropriate.
Strangemartian You aren't very intelligent are you?
What a ridiculous view on property!
We live in an era where a lot of people will never afford the deposit needed for the dream home, for a house in a great catchment area, in the location they want.
Are you saying all these people who cannot afford to buy and bring up their children in the areas they want should be forced to live with parents until they inherit property, or should be forced to move to areas they don't want to live and raise their children, areas far away from their employment.
I actively BTL, i renovate properties to standards far beyond most in the area, I make the house stunning using the best tradesmen, the best materials and ensure the property is in A+ condition. I do not fleece people with rent and keep costs always reasonable. I provide a fantastic service, and i have zero issue with my tenants because i actually give a damn about them. And none of them are trapped, I give them the opportunity to a live in a house they cannot afford. The same how people lease cars!
Yes, the end result is for profit, more my children than me, but what sort of father would I be if i didn't try to enhance their and my life when I have the opportunity to do so.
But, i admire your stance Strangemartian, i am guessing you are assisting all these people looking for homes by topping up their deposits??
I totally agree with you
The days of letting other people who cannot afford to get on the property ladder pay your mortgage off for you are becoming harder and good riddance. I love reading sob stories of BTL mugs crashing and burning.
BTL is the scum of the earth. A home should be a home and not a money making scheme for the wealthy to trap young families into a life of renting.
The old adage invest in "bricks & mortar" as soon as you can is still good advice. Whilst living at home 25yrs ago I invested in terrace property, provided a steady revenue stream and will have sold one by the end of this week and will make £70k (less the dreaded CGT), will sell my last one next year and net a similar amount. Finally at 56yrs old these payouts will take a significant amount of my current mortgage. However rental property has it's share of headaches, too many regulations coming in and the legal system favours the tenant.
Hoping syme comes good in my children's ISA's, happy with a LTH
It’s good to dream and everyone will have those sold too early stories, it happens to everyone.
Re the house avoid new builds get an older house you can add value to as already mentioned.
If Syme is the unicorn we all hope I should be able to retire at 55 with 40k a year income, with a pot that will appreciate so I can pass it on to my kids.
Thanks for the advice guys, very much appreciated.
Wolf, I guess that depends on which team you support ;)
Renting is okay for the short-term (under 5 years). If buying make sure you find a place that you are 90% or so happy with and plan to stay there for an absolute minimum period of 5 years, as the buying/selling and moving costs erode short-term capital growth. Timing is also important and right now UK house prices are booming as people are trying to move during the stamp duty holiday to save on costs. Some houses are going for over asking price and gazumping is making a comeback.
With shares a profit isn't a profit until it is banked. If you are lucky enough to have a stock showing a 100% paper profit but think it is still a good long-term hold, consider selling 50% of the shares. This means you can pull out your original investment and still hold half the amount of shares that are on a free ride. You reduce your risk if something unexpected happens and the SP dives but you also reduce the amount of profit you could make if the company continues to grow well in the future.
Best investment any one in the Uk can make, buying their own home. Best advice my dad gave me, “buy your own house, make sure you buy something you can add value to”.
Buying my own house at a young age, really helped me in life.
Good Luck zmac99, Hope this beats you expectations and you only have the problem of how big to go on that house.
Not much better feeling than getting the keys to your first house.
Well other than sex, football, etc, obviously.
With the lockdowns and not a lot to spend money on we’ve been throwing the kitchen sink at ours and hope to be paid off in five years.
Doctor
You hit the nail on the head, I am in GDR also we apparently had imminent news or news around the corner from last year August.... so never EVER take this as set in stone ...
I am in 3 which are "imminent" to rocket trust me just hold if your research suggests you have invested in a good solid stock that is all you can do and hope your ducks line and up and jump on to the rocket!!
GLA ATB genuine LTHs
Patience is key !!