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Anecdotal evidence but I delivered to the Sainsbury's distribution at Northampton recently expecting a long wait only to get tipped straight away. During COVID I was waiting over 4 hours. The forklift driver said it was dead.
I see rate cuts incoming
As others have said they basically act as a middle man. They create the spread you see on the stock, so when you buy you're actually buying from the money makers. Without them you'd have to place you stock as an offer and then someone would have to take the offer. Thisbway someone with 1 million shares can sell right now rathernthan sell in 10k lots or find a big buyer.
’The whole problem with the world is that
fools and fanatics are always so certain of themselves, and wiser people so full of doubts.’
Bertrand Russell
Paying off debt is a late stage tactic IMO. Makes no sense to oay off a low interest mortgage when you're in your 20s/30s you'd pay 100k to save 5k a year. It makes more sense when you're older and you've got say 20k left to free up 5k a year.
The real problem isn't debt it's overspending on unnecessary items. I personally like a Ballance between living for today and saving for tomorrow because we shouldn't let money stop us from living or as the saying goes every niw and then you should stop to smell the roses.
Also debt is good for the economy because without it big projects would never get off the ground.
If you save up to buy a house you'll spend aboutn200k on rent and the housenwouldnhave gone up 200% by the time you've saved for it and thus you'll have paid thw landlord 200k and still not have enough to buy!
I'm not technically borrowing money to buy shares I borrowed money to buy other stuff so that I didn't have to sell my shares. I never actually used my credit card to purchase stocks directly.
I see a benefit in both views regarding debt. Leverage us a double edged sword and gains can turn in big losses.
I can make the repayments through my income so it's not a liquidity issue or anything.
Cheers all.
I'm in a conundrum where I kinda want to sell some to pay off credit card but I will probably juggle a bit longer.
Whatnare all your price targets? I've seen 475 from the brokers and I know nettles the cat has it in at £7 by 2027 but I'm just thinking what everyone else thinks?
I'm now way over my initial target of £3 which is kinda making me nervous being more successful than I anticipated. Basically I'm just looking for a bit more information on why you think it could go further. My initial plan was just a recovery play and I feel like we're already in recovery territory price wise.
I'm just struggling with doubts.
I'm just ober 50% in RR although it's basically my only current holding that's up in any meaningful way.
I'd probably sell maybe 25% if I were you but all depends.
Holding winners seems to be harder than holding losers because when I has RRnas a loser I knew that eventually it would come good but now it's up 250% I'm starting to worry about it going bad.
This is the problem with the stock game: It's more about emotions than brains. As Peter lynch said the most important organ isn't your brain but your stomach.
I'm gonna hold out till 2026/27 I think Tufan is locked in till 2027 and I can only see upward movements going forward. Although with anything stock related it's all just opinions and bravery and patience are what you need.
On a serious note how likely is £1 a share? This stock feels like a total gamble right now but recent developments make me feel like something is moving even if at a painfully slow rate.
I was talking more generally rather than specifically today. I reckon we might se a gradual rise from here although a credit rating change could boost the SP too. I've been holding these since 2020 and it feels weird finally getting somewhere.
TBH I actually expected this; it's normal to get a big boosts followed by a dip then a gradual climb to the new bottom.
I like his style of not looking desperate and creating a sense of loss by dragging their feet. Greet salesmanship.
I said this morning that it would probably go to 350 in a month so to do over that in a day is fantastic. I was dreading results because I've seen it before when there's a hype followed by poor or average results. Well happy with the results and hopefully more to come.
We had a big if a rise im anticipation for better than expected results and as always the optimists are never content with reality.
if it drops then fine but I'd imagine we'll see a rise to 350p.over the next month or so.
I can totally see their angle. I had Poly shares and they rose massively prior to an announcement and I could have solf a 350p and bought back at 250p.
That being said I'm riding it out regardless.
Im dreading it TBH because I hate results when there's a big buzz going. Not gonna sell though just fonna ride ut either way. Holding here till 2030 ish but I'd hate to see a drop from here.
I agree with Bav1975
Largely it's a personal thing and the biggest gain feom paying it off isn't financial it's psychological. Psychology is often overlooked in investment and is IMO the most important thing. Ultimately anlarge mortgage will affect your decision making.
GLA
When rates were stupidly low I'd argue you'd be stupid to pay it off. Mow rates are higher it's neither here nor there but I personally don't care about paying my mortgage off. I view it as a "late game tactic" in the sense that when you have enough money to earn an income for dividends etc then you might pay it off to reduce your expenses. Over time inflation eats away at the real value of your mortgage so a £500 mortgage today will be the equivalent of say £125 in 20 years (not exact figures). IF you say owe 220k at 800 a month that's a huge amount of money to free up 800 a month whereas later on when you owe say 50k it becomes much more attractive to pay it off to free up monthly cashflow.
That's my take on mortgages and investments.