You never know when the companies lowest point is gonna be.
no mystic meg
no mystic meg
General Discussion: I have 15k(ish) to invest - please advise me!
Show original post
8 Feb 2012 16:18
genius. do you not see a possible flaw here?
Go on….not being clever this is as old as they get - http://www.moneyobserver.com/portfolio/dogs-footsie-2012-portfolio
86.5% not to be scoffed at
8 Feb 2012 17:19
So are you investing your GBP in an account in a foreign currency? The reason you can get such a high interest rate is because you are taking on currency risk: you'll lose money if the pound appreciates against this currency. This is all fine but in no way is this comparable to whacking your cash in Lloyds or whatever.
Dogs of the Footsie: by ranking companies on dividend yield you are essentially picking firms that have strong balance sheets (ie they have a lot of cash spare which they can give back to investors). Firms like this don't always do well relative to the rest of the market, over long enough their excess returns won't be spectacular. However in times of market turbulence they do well as investors "fly to quality". The reason these firms have done well over the past 10 years is because they did exceptionally well in 07-09, during the worst downturn in living memory. Over 01-summer 07 they will have done naff all. The reason this strategy is bad is it only works during a downturn. It is also poorly diversified: a 10 stock portfolio contains massive amounts of stock specific risk. Wouldn't this strategy have been holding BP when they spluffed all that oil everywhere?
8 Feb 2012 22:37
Errrrr, inflation isn't a generalised sum, unless you're looking at world-market prices of hard & soft commodities, but in todays market that's a reflection of currency devaluations / instability in paper currencies. So why the hell would money in a foreign bank equal a loss in the UK? That depends on the exchange rate, and given the current state of Sterling, Dollar or western Currencies in general, it's not necessarily a negative sum game - in short, you're talking no sense whatsoever.
Off-shore banking isn't exactly novel, have a look:
http://www.sovereignman.com/expat/four-reasons-to-open-an-offshore-bank-account-now/
14 Feb 2012 03:05
14 Feb 2012 11:32
Errrrr, inflation isn't a generalised sum, unless you're looking at world-market prices of hard & soft commodities, but in todays market that's a reflection of currency devaluations / instability in paper currencies. So why the hell would money in a foreign bank equal a loss in the UK? That depends on the exchange rate, and given the current state of Sterling, Dollar or western Currencies in general, it's not necessarily a negative sum game - in short, you're talking no sense whatsoever.
Off-shore banking isn't exactly novel, have a look:
http://www.sovereignman.com/expat/four-reasons-to-open-an-offshore-bank-account-now/
"An established foreign bank accountis safe from the destructive effects of capital controls. It’s truly one of the safest things you can do with your money right now."
Errrrr so no mention of the Icelandic banks that paid Amazing interest rates that then went bust and Brown had to use anti-terrorism laws to get all our money back?
17 Feb 2012 22:50
18 Feb 2012 12:45
19 Feb 2012 19:28
19 Feb 2012 19:33
Bizarrely one of my team at work is doing the exact same thing - frantically buying silver and gold with every pay packet. I think it's a short-term punt as far as he's concerned, I think he's doing alright out of it thus far, at least on paper
Barrence talking the most sense here. I like dogs of the FTSE where you buy and sell once a year and only buy the biggest companies at their lowest point.
genius. do you not see a possible flaw here?
Go on….not being clever this is as old as they get - http://www.moneyobserver.com/portfolio/dogs-footsie-2012-portfolio
86.5% not to be scoffed at
HSBC offering us 9% return on deposits for the year but it's linked with certain currencies and what nationality you are. You will get your 9% plus more if the currency falls in the right direction.
Awaiting the full details before we go in
Awaiting the full details before we go in
So are you investing your GBP in an account in a foreign currency? The reason you can get such a high interest rate is because you are taking on currency risk: you'll lose money if the pound appreciates against this currency. This is all fine but in no way is this comparable to whacking your cash in Lloyds or whatever.
Dogs of the Footsie: by ranking companies on dividend yield you are essentially picking firms that have strong balance sheets (ie they have a lot of cash spare which they can give back to investors). Firms like this don't always do well relative to the rest of the market, over long enough their excess returns won't be spectacular. However in times of market turbulence they do well as investors "fly to quality". The reason these firms have done well over the past 10 years is because they did exceptionally well in 07-09, during the worst downturn in living memory. Over 01-summer 07 they will have done naff all. The reason this strategy is bad is it only works during a downturn. It is also poorly diversified: a 10 stock portfolio contains massive amounts of stock specific risk. Wouldn't this strategy have been holding BP when they spluffed all that oil everywhere?
Barrence talking the most sense here. I like dogs of the FTSE where you buy and sell once a year and only buy the biggest companies at their lowest point.
ShaneB talking no sense whatsoever there are no savings accounts offering above true inflation i.e. money in the bank equals loss in the UK.
You cannot save money outside UK if you live here and pay tax. Less you got fam in Singapore.
ShaneB talking no sense whatsoever there are no savings accounts offering above true inflation i.e. money in the bank equals loss in the UK.
You cannot save money outside UK if you live here and pay tax. Less you got fam in Singapore.
Errrrr, inflation isn't a generalised sum, unless you're looking at world-market prices of hard & soft commodities, but in todays market that's a reflection of currency devaluations / instability in paper currencies. So why the hell would money in a foreign bank equal a loss in the UK? That depends on the exchange rate, and given the current state of Sterling, Dollar or western Currencies in general, it's not necessarily a negative sum game - in short, you're talking no sense whatsoever.
Off-shore banking isn't exactly novel, have a look:
http://www.sovereignman.com/expat/four-reasons-to-open-an-offshore-bank-account-now/
So, I'm planning to go in on a house with my Brother in London…
We are going to put the deeds in his name since I am not currently a resident of the UK and won't be on the mortgage.
My brother was told this from the mortgage broker:
"He cannot be on the deed and not on the mortgage. However, there will be a way to protect his element of the deposit by the way of a deed of trust."
I want to know, will having my name on the deeds/ associated with the property help me out later on when I do return to England and start looking for a place of my own?
will it make it easier for me to get a mortgage on a new property with credit ratings etc..?
We are going to put the deeds in his name since I am not currently a resident of the UK and won't be on the mortgage.
My brother was told this from the mortgage broker:
"He cannot be on the deed and not on the mortgage. However, there will be a way to protect his element of the deposit by the way of a deed of trust."
I want to know, will having my name on the deeds/ associated with the property help me out later on when I do return to England and start looking for a place of my own?
will it make it easier for me to get a mortgage on a new property with credit ratings etc..?
Barrence talking the most sense here. I like dogs of the FTSE where you buy and sell once a year and only buy the biggest companies at their lowest point.
ShaneB talking no sense whatsoever there are no savings accounts offering above true inflation i.e. money in the bank equals loss in the UK.
You cannot save money outside UK if you live here and pay tax. Less you got fam in Singapore.
ShaneB talking no sense whatsoever there are no savings accounts offering above true inflation i.e. money in the bank equals loss in the UK.
You cannot save money outside UK if you live here and pay tax. Less you got fam in Singapore.
Errrrr, inflation isn't a generalised sum, unless you're looking at world-market prices of hard & soft commodities, but in todays market that's a reflection of currency devaluations / instability in paper currencies. So why the hell would money in a foreign bank equal a loss in the UK? That depends on the exchange rate, and given the current state of Sterling, Dollar or western Currencies in general, it's not necessarily a negative sum game - in short, you're talking no sense whatsoever.
Off-shore banking isn't exactly novel, have a look:
http://www.sovereignman.com/expat/four-reasons-to-open-an-offshore-bank-account-now/
"An established foreign bank accountis safe from the destructive effects of capital controls. It’s truly one of the safest things you can do with your money right now."
Errrrr so no mention of the Icelandic banks that paid Amazing interest rates that then went bust and Brown had to use anti-terrorism laws to get all our money back?
15k doesn't even get you one of these tiny "huts" in darkest bradford 
http://g.co/maps/sjpe4
where you buying?
http://g.co/maps/sjpe4
where you buying?
What do you want to know about it?
Your friend is stock piling physical silver? Or he has money in an ETF? Or he has bought futures?
Its a good investment if the Fed prints and loose monetary policy continues across the globe/everything goes to shit. If not, silver is a roller coaster and will destroy your friend if he hasn't got deep pockets and big enough balls to sweat the position out when times get tough.
If he's completely unhedged and he's just punting on silver on IG index in the "hope" it hits 50 at some point then things could get messy, avoid.
Your friend is stock piling physical silver? Or he has money in an ETF? Or he has bought futures?
Its a good investment if the Fed prints and loose monetary policy continues across the globe/everything goes to shit. If not, silver is a roller coaster and will destroy your friend if he hasn't got deep pockets and big enough balls to sweat the position out when times get tough.
If he's completely unhedged and he's just punting on silver on IG index in the "hope" it hits 50 at some point then things could get messy, avoid.
Cheers. I just wanted to know if he was crazy, or whether this 'tip' from a friend in finance had any foundations. He has deep pockets and is buying physical bullion - he's a smart guy but honestly I think half the reason he is doing it is because he loves the fact he has this pile of 1kg bars of silver just laying around. He was using one as a doorstop last time I saw him 
Cheers. I just wanted to know if he was crazy, or whether this 'tip' from a friend in finance had any foundations. He has deep pockets and is buying physical bullion - he's a smart guy but honestly I think half the reason he is doing it is because he loves the fact he has this pile of 1kg bars of silver just laying around. He was using one as a doorstop last time I saw him
Bizarrely one of my team at work is doing the exact same thing - frantically buying silver and gold with every pay packet. I think it's a short-term punt as far as he's concerned, I think he's doing alright out of it thus far, at least on paper
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