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I guess it depends on your definition of “better”.
Which depends on everyone's circumstances, hopes, fears and dreams. Which differ. One man's meat, etc.
I guess it depends on your definition of “better”.
Yup but even at the low end of the scale ie £100, it’s not worth the bother.Which depends on everyone's circumstances, hopes, fears and dreams. Which differ. One man's meat, etc.
Yup but even at the low end of the scale ie £100, it’s not worth the bother.
Is it?
Yup but even at the low end of the scale ie £100, it’s not worth the bother.
Is it?
No it’s not a lot of bother at all.Is it a lot of bother to set up an account online?
Wattie, here's a challenge for you: find something to be positive about.
UK inflation for June was 0.8%.Below the rate of inflation......your money is losing value Fc.
You gotta move with the times.
These rates guarantee you lose money and buying power.
I calculate 44% return on investmentAnyone else into property rental? Seems to work for me - decent rental return pa plus capital growth on the buildings. Buy nice modern flats, rent to nice professional people and no hassle at all
Rental can work in many different ways provided folk are aware of the pitfalls.Anyone else into property rental? Seems to work for me - decent rental return pa plus capital growth on the buildings. Buy nice modern flats, rent to nice professional people and no hassle at all
It really isn't difficult to beat 1.5%. I'm an idiot making tons of mistakes trading and have done circa 10% per month for each of the last 4 months.
So comparison is circa turning £35k into £52k so £17k interest if you like.
To have that same £35k sat in an account at 1.5% would have gained me about £175.
Slight difference!
It has taken about 10-15 hours of my time a week but I have learned some new skills and got paid for my time quite well in effect so all good.
If I can keep at these levels the pot will grow allowing me to increase the size of my positions a little more to increase the returns. I'd be more than happy if I could keep it at 10% a month. Tough ask but possible with increased pot and better knowledge/ability.
With more knowledge, better ability and maybe more luck it could easily have been double that return.
I have rented to students on two occasions. Never again - OMG. Any increase in revenue is offset by mucho hassle. Only professional tenants for meRental can work in many different ways provided folk are aware of the pitfalls.
There has been much marketing hype in recent years pushing student accomodation. Usually below what banks are interested in so many cash buyers. Guaranteed rental income (!)
So now the student numbers looking for accomodation have tanked, the guaranteed rentals aren't happening, the apartments won't sell because a) nobody is buying and banks won't lend...... Yet the service fees keep on!
I was looking at HMO student accom. in Bangor. Good University, range of students between local UK and foreign. No big flashy developments planned, realistic property prices. But just now there's more supply than demand..
Buying to rent is key. Not buying something and renting it out. There's a difference. I wouldn't live in any of the places I have. Nice places but wrong areas. But they rent without any trouble at all.
After all expenses, fees etc I'm seeing around 15% return (ignoring capital appreciation)
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Was expecting a challenge on this number.....I calculate 44% return on investment
Rockits, you are smashing it - amazing! Sounds like you are way ahead of the crowd with risk management and position-sizing. Discipline is key ...It really isn't difficult to beat 1.5%. I'm an idiot making tons of mistakes trading and have done circa 10% per month for each of the last 4 months.
So comparison is circa turning £35k into £52k so £17k interest if you like.
To have that same £35k sat in an account at 1.5% would have gained me about £175.
Slight difference!
It has taken about 10-15 hours of my time a week but I have learned some new skills and got paid for my time quite well in effect so all good.
If I can keep at these levels the pot will grow allowing me to increase the size of my positions a little more to increase the returns. I'd be more than happy if I could keep it at 10% a month. Tough ask but possible with increased pot and better knowledge/ability.
With more knowledge, better ability and maybe more luck it could easily have been double that return.
Amazing, Wattie! Good on you for sticking to your guns, and we all owe you a huge debt of gratitude for sharing your knowledge and energy ...No it’s not a lot of bother at all.
In fact anyone could do it in a few minutes.
Oh c’mon Fc.
I’m positive about lots of stuff, - I’ve tried to share that with others, often faced with ridicule. I use the expression “Ponzi” a lot. Annoys many members, it’s fact.
Fc, do the maths......recently there was a post that said free advice was worth exactly that. Well, go back to when I said buy gold/silver pre Brexit and see if it was worthless advice.
Gold/silver pre Brexit alone .......to date.
By the way, I understand My arrogance may be part of the problem.
My views are so left of field of what is disseminated by your IFA/mainstream that I sound a massive bit mental.
I’m still correct. 99% of you need to sack your IFA for what’s going down.
Adam I really respect you, as u know we’ve never met, but in the same way you are exceptional at what you do, I am too.
I pm’d you my precious metals purchase directly months ago because I hoped it would help and show u I put my money where my mouth is.....i felt we were on the same page. Feel free to post it
Keeping money in a bank is futile. I understand why people do it but u are wasting your time.
I’ve helped others, don’t keep short term money in a bank account,
I’ve no interest in profiting from anything, I’d just like to try to assist those that are concerned about their investments and who would like some guidance.
By the way, this year.
to answer your positive front, I’m around $114,000 up on goldX 1.38 Aud.
My 120kg of silver has gone from around Us $62000 to $112000 x 1.38 Aud.
I have an enormous respect and regard for you and those on this forum. If I can advise and assist some to get their hard earned working more I’m happy to do so.