Member Info for Just_My_Opinions

It depends on whether the property is treated as a business or just lived in. If living in it, it's not an investment as you earn no income from it, and you can only realise it's value when you sell. And when you see you still need somewhere to live, so you only realise part of it's value.

If you buy it as an investment, and rent it out... that's a different story. But then you have tax on the income to pay.. cost of maintaining the investment (Boiler, fixtures and fittings, ground rents and area maintenance if there's any)... you then need to hope you get a good tenant that doesn't treat your property badly, pays the rent without fail and then gets out of the property if they ever run into difficulties.

If they don't, then you wind up paying the mortgage whilst you also pay the cost of having them evicted. Only to inevitably find they've wrecked the place in a protest before being evicted... all of these costs need to be taken into consideration when deciding whether or not Property is the best investment.

Of course you could simply by into professionally managed property funds... but they tend to grow slower than some sectors like UK Smaller Companies funds... or Tech and BioTech funds... but then it depends on your age and when you want access too the money.

I've been a landlord, I didn't have non paying tenants, but I did have £13k worth of water damage because a tenant left it to long to tell me about a water leak (albeit the insurance paid) and I had tick the box for rental cover. I also had another £4500 grand from a separate water damage claim, cause by a separate incident that they didn't tell me about... and I had £5 grand needing spent to put a house right after a very unhygienic tenant left it in a mess. All of these tenants looked great on paper when the letting agent told me about them.

Did I make money? Yes I did... was it worth it? Nope

That's an 18% annualised compounded return for 58 years.

None of them has a clue, not even the greatest investor on the planet Warren Buffet tries to predict the market. He simply buys undervalued companies and waits on the market realising the companies value.

There's a global trade war still going on, none of the major players have actually stopped any of the tariffs yet. And the USA is set to impose tariffs on $200 Billion of goods from China next week. The EU still hasn't implemented on deal agreed between Jean Claude Drunker and the USA yet.

I have no idea if this will all right itself, but I don;t see compelling reasons to buy stocks at the moment.

Palestine hates the USA, they see the USA as Israel's number one Allie.

Why should the USA give people who hate them money?

Depends on the trade war mate. So far it's not resolved yet with Trump saying the EU's proposal on Automotive tariffs reducing to zero if the USA does the same is not good enough.

China hasn't changed at all either. He's made a deal with Mexico, but stuck two fingers up to Canada.

Liberum were bearish for ages, and quoted ridiculously low targets when the share price kept climbing. If going by them, it's time to sell for sure haha

I wasn't having a dig, we're all just guessing. It's going straight to hell on a hand cart lol.. honestly I don't know mate. Too many fundamental variables.

1. Trade War (will it won't it)
2. Investigation into Congo dealings etc
3. Sanctions happening without warning.

No idea when the above will be resolved. But the business generates a shed load of cash, so should be enough cash to service the debt levels it's pretending it doesn't have.

Billy reckoned 380p by August too NK :-P

No I'm not a psychic... but I am in 100% cash. If the market goes up I think the upside is limited before the eventual crash.

China still in a trade war with the USA (Check)

The UK has not finalised it's Exit from the EU (Check)

Most stocks are either fairly or overvalued (Check)... LLOY is undervalued.

No tariffs have actually been lifted by any of the countries in the trade war (Check)

Obviously all of the above could be resolved, but at the moment none of it has. So people shouldn't expect the market or a UK Banking stock to go up until progress has been made on the above.

And if it escalates, then don't be surprised to see a market crash.

To be fair, at least this year to date... the FTSE is lower than it started the year.

Salmond... I always thought he was a Weasel. Not because I didn't want independence... he just had a sleekit look about him.. a devious looking face.

http://www.itv.com/news/2018-08-29/pound-surges-after-barnier-hints-eu-prepared-to-offer-uk-a-deal-like-no-other-after-brexit/

"But, although he suggested Britain could get a unique deal, Mr Barnier said the EU would not allow any deal that effects the status of the single market, saying: "There is no single market a la carte."

Well that means the 4 Freedoms need to be adhered to, one being the Freedom of Movement. No chance the majority of the electorate will be happy with that. We will find out if the ERG has real principle or not.

Special deal.. if it's genuine it must be due to Germany bricking it again... like they did with the 25% tariffs from the USA... when they sent Jean Claude Drunker over to the us with his tail between his legs.

Either that or it's to ask for more concessions and try and dress up remaining again.

Am kiddin on oor Craig :-P

Pete you shall be Head of the Hot Beverages department.

QZ you are Head of HR, please issue Craig a verbal warning for his sexual proclivities. We must support Craig with his illness, I will sign off a week in the priory.

Billy you shall be the token staff member we video for recruitment... you will tell everyone how wonderful everything is at all times. No mention of Craig the resident sex pest will be permitted, under the carpet he's going.

Are you referring to forced marriages? "only to be told he *has to* live away from the country he loves"

And which nasty horrible foreigners are you referring to? The ones disproportionately more responsible for Gang rapes of minors? Or the first/second generation immigrants disproportionately more responsible for shootings and stabbings?

It can't be the highly skilled you're talking about, I welcome them provided the UK lacks the skills in their area of expertise.

I can agree on BOJO... he only picked Brexit because he thought it would win... he goes with what ever side is likely to help him in his career.

He himself said he had to write down the Pro's and Con's of both sides to make his mind up. As a Leave voter, I know I speak for the majority of other leave voters when I say we didn't have any doubt we wanted to leave, the majority of us didn't have to write down pro's and con's. The Con's of Remaining were big enough to grab the opportunity of leaving with both hands.

That's why I think he lacks authenticity, I don't trust him on Brexit at all. In fact apart from Jacob Rees Mogg, there's no other prominent Tory's I respect as Pro Leave.

"A rare honour granted by the United States"

Who do you think is in charge of the United states? Donald Trump and his administration. So put your leftist piffle away and realize that Trump could have blocked this if he wanted.

It's simple Britain has a superior military to the Argentine's. If the Argentine's had a superior military to Britain, not only would they colonize the Falklands... but they'd probably invade us too if the USA was not our Allie.

Then we British would be moaning like the Argentine's are about us. There is no real justice in the world. Might is right, just as it is in every species on the planet. Don't make the assumption that civilization is real... it's all man made laws by the species "Homo Sapiens"... us.

These man made laws don't exist in the other 8 Million+ species on the planet. If we were weak enough, Argentine would take control of the Falklands... and the overwhelming majority of people on the Falklands who literally want to be British would be forced to be Argentinians... or more realistically they'd be expelled from the land they lived on all their lives.