RE: UK vs US Close >> Tuesday 15th Aug16 Aug 2023 10:50
Bhants.
Yep.
BOE will increase Interest rates up to 5.75% to squash Inflation.
Honestly, I do not feel sorry for Mortgage holders at all.
When I had a mortgage, my rates were between 4 and 7% for the whole time of paying the mortgage.
We never went on wonderful holidays, if we were lucky we would go to a Haven Caravan once a year, maybe....we focused on paying the mortgage, never eat out, and didn't have any fancy stuff. I paid off my mortgage at 40.
People complain about how easy the "older generation" had it, but that's because the "older generation" didn't pop down to Costa Coffee to get a Vanilla Latte or whatever other crap people buy nowadays (god I sounds like my Mum and Dad.!)
Re Natwest. My apologies for throwing a curve ball. All my point was, was that Banks are struggling, and realistically they are going to struggle (on paper) for a while yet.
This is no difference in real terms that I 100% believe in Carnival, but holding 75k shares for a LTH is fine, but there were other opportunities as well, so selling 35k of them, buying IAG, making 10%, whilst at the same time Carnival drops nearly £2 has meant that I could now re-buy with the same money, nearly 44k, which as we get closer to results, I may well re-buy and focus on CCL.
Do not however just sell Natwest. Ensure that you read, you are comfortable, you are happy, and if you have any doubt, stay where you are, as obviously you nought for a reason back then.
Do not accept some idiot on a message board saying that Natwest is not exactly the best place to be as a 100% guaranteed financial advice.
Sign In
Follow the stocks
