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FYI.
Sept 26, 2020 21:14:12 GMT 7
oldie likes this
Post by rgs2001uk on Sept 26, 2020 21:14:12 GMT 7
I'm struggling to think what the best advice is that can be given to Olde, perhaps others can comment? Oldie asks a legitimate question earlier, what/how to invest in to give the kids a leg up. According to those with knowledge of these things, investing in popular, well known and well-regarded funds, ones that have made decent returns and have good track records over the past few years.... is the wrong answer. Trying to understand the subject matter and go the DIY route is often very difficult, if not impossible. Perhaps with the benefit of substantial work related experience, education and training in the subject and a reduction in age of say thirty years it might be dooable. Sticking a pin into a list of funds is problematic plus it's tough on the table top, crystal balls and tea leaves might work as might paid for advice from a financial advisor. Have I missed anything? From what I know of oldie, he isnt as daft as he appears to make out on here,and he sure as heck isnt some court jester/village idiot/country bumpkin type. I wish i could answer his question, but not being an ozzy, i am not familair with the countrys tax laws etc etc, super etc, but at least he lives in a country where trust funds are available, unlike here. Australia seems to be going through some sort of transition period, problems with China etc etc. I alluded to ozzy property prices, imho, they are unsustainable, not mentioned, the cost of living, I honestly dont know how your average ozzy can afford to live there any more, one things for sure, its not the working mans paradise it was once made out to be. Going back to your sticking a pin in, , I was talking to an old expat mate the other day, this is a guy who can trace his lineage to bkk back to 1965, an educated man in well paid jobs, similair to what AyG mentioned, we were talking about money, and I can assure you, this guy aint short of a bob or two, I was almost shocked when he told me, he gave up on it all, I had x in the bank yesterday, I have x in the bank today, and I will have x in the bank tomorrow, he just keeps his money in the bank these days, whatever is left, the mrs can have was his attitude, too be honest, i am coming round to his way of thinking.
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FYI.
Sept 26, 2020 21:37:18 GMT 7
Post by rgs2001uk on Sept 26, 2020 21:37:18 GMT 7
You're such twat sometimes AyG, as if everyone has your training knowledge and abilities when it comes to investment fund analysis and selection. Charming. However, it's really basic stuff that one doesn't buy into the latest trend for a number of reasons. And it's scary that so many individual investors don't even have that most basic level of knowledge. One would think that they haven't ever read a book about investing, yet if they were going to buy, say a new car, they'd almost certainly put in far more research. A friend of mine, whose investments I'd managed for many years decided, now he's retired, to do it himself. He's making pretty much every mistake in the book, from investing heavily in technology, healthcare and gold to, in other areas, simply picking the fund that has performed best over the past few years. He also sold all the downside protection I'd put in place for him. He's not stupid (he was a consultant and head of department at a very famous hospital), but he is a typical clueless investor. He's going to have a very expensive lesson to learn. Slow and steady wins the race. All depends, when he got into them, as I mentioned, i have an excellent rapport with my stockbroker, he understands my needs, i didnt follow the pack, but for some reason or another now find myself there. I almost hesitate to post this, and have thought long and hard about it, it is what it is, and certainly isnt one i would recommend for novices or those looking to make a quick buck.
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FYI.
Sept 26, 2020 22:24:34 GMT 7
Post by rgs2001uk on Sept 26, 2020 22:24:34 GMT 7
^^^^ as they say, after the Lord Mayors show, comes the shit cart. I will give these a few more years to pull their trousers up, or they will be sold.
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chiangmai
Crazy Mango Extraordinaire
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FYI.
Sept 27, 2020 6:17:04 GMT 7
oldie likes this
Post by chiangmai on Sept 27, 2020 6:17:04 GMT 7
I'm struggling to think what the best advice is that can be given to Olde, perhaps others can comment? Oldie asks a legitimate question earlier, what/how to invest in to give the kids a leg up. According to those with knowledge of these things, investing in popular, well known and well-regarded funds, ones that have made decent returns and have good track records over the past few years.... is the wrong answer. Trying to understand the subject matter and go the DIY route is often very difficult, if not impossible. Perhaps with the benefit of substantial work related experience, education and training in the subject and a reduction in age of say thirty years it might be dooable. Sticking a pin into a list of funds is problematic plus it's tough on the table top, crystal balls and tea leaves might work as might paid for advice from a financial advisor. Have I missed anything? From what I know of oldie, he isnt as daft as he appears to make out on here,and he sure as heck isnt some court jester/village idiot/country bumpkin type. I wish i could answer his question, but not being an ozzy, i am not familair with the countrys tax laws etc etc, super etc, but at least he lives in a country where trust funds are available, unlike here. Australia seems to be going through some sort of transition period, problems with China etc etc. I alluded to ozzy property prices, imho, they are unsustainable, not mentioned, the cost of living, I honestly dont know how your average ozzy can afford to live there any more, one things for sure, its not the working mans paradise it was once made out to be. Going back to your sticking a pin in, , I was talking to an old expat mate the other day, this is a guy who can trace his lineage to bkk back to 1965, an educated man in well paid jobs, similair to what AyG mentioned, we were talking about money, and I can assure you, this guy aint short of a bob or two, I was almost shocked when he told me, he gave up on it all, I had x in the bank yesterday, I have x in the bank today, and I will have x in the bank tomorrow, he just keeps his money in the bank these days, whatever is left, the mrs can have was his attitude, too be honest, i am coming round to his way of thinking. I have no doubt whatsoever that Oldie is nowhere near to being daft and I didn't mean to personalize the point, it could be anyone in Oldie's situation which is probably most of the people on the planet. What are those people supposed to do if not follow their intuition and buy into what appears to be market leaders based on any number different assessments and quantifications? My question to anyone rather than you specifically rgs.
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me
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Post by me on Sept 27, 2020 9:35:46 GMT 7
What would you recommend for a dumb ass who wants to give his kids an early leg up? Steel tip boots.
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AyG
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Post by AyG on Sept 29, 2020 9:59:36 GMT 7
^^^^ as they say, after the Lord Mayors show, comes the shit cart. I will give these a few more years to pull their trousers up, or they will be sold Personally, I've given up on JEO. I wasn't happy when Darwall decided to set up his own company and took the trust with him. (Look how that scenario turned out for Woodford investors.) Then there was the Wirecard fiasco, and after that the panic sale of Grenke. Just looking for the right time to sell now. I also hold Artemis US Smaller Companies. I hadn't noticed anything that would make me doubt it. On checking, it still looks good to me. YTD it's beaten its benchmark by 15%. Of course, there are US trusts that have done better by betting heavily on tech stocks but, as I've said before, I think they are in bubble territory, with prices completely unsupported by income or likely future income.
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FYI.
Sept 29, 2020 19:36:35 GMT 7
Post by rgs2001uk on Sept 29, 2020 19:36:35 GMT 7
^^^^ AyG, I am coming round to CMs way of thinking, just put a pin in it.
Maybe I should trademark the name, the CM school of investing, no need to spend countless hours pouring over spreadsheets, no need for comaprisons or performance charts, I will of course make sure CM is paid royalties, 555.
Its not all prawn sannies and cocktails poolside here in Bkk, stick or twist, decisions decisions, oh for the life of a TEFLr or skint Brit OAP, life would be so much simpler, no wonder the Thais tell us we tink too mutt.
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oldie
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FYI.
Sept 29, 2020 22:12:17 GMT 7
via mobile
Post by oldie on Sept 29, 2020 22:12:17 GMT 7
I'm struggling to think what the best advice is that can be given to Olde, perhaps others can comment? Oldie asks a legitimate question earlier, what/how to invest in to give the kids a leg up. According to those with knowledge of these things, investing in popular, well known and well-regarded funds, ones that have made decent returns and have good track records over the past few years.... is the wrong answer. Trying to understand the subject matter and go the DIY route is often very difficult, if not impossible. Perhaps with the benefit of substantial work related experience, education and training in the subject and a reduction in age of say thirty years it might be dooable. Sticking a pin into a list of funds is problematic plus it's tough on the table top, crystal balls and tea leaves might work as might paid for advice from a financial advisor. Have I missed anything? Thanks CM. Sorry I've been too busy working overtime and missed your post. I don't want my kid to follow in my footsteps. Real estate is still good in Oz. No not the big city mansions, the small town 3 bedroom house in a good location. They're cheap enough if you look around and obviously generate passive income. Picking up 4 or 5 of those would be the best I could think of.
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chiangmai
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Post by chiangmai on Sept 30, 2020 4:55:01 GMT 7
I think if I were to do it all again then I might opt for real estate also, the trouble is that in places like the UK the government has moved against the landlord and now sees them almost as an anti-social element in society who must be heavily taxed. On top of that is a layer of ever changing requirements from the likes of 'ealth and safety, my UK flat has just upgraded its heat and smoke detection system for the third time in three years. And the entire system of electrics has to be checked every time a new tenant takes up residence, potentially that's twice a year...I mean really! Those things said, if you can buy right and have a fairly tolerant and sensible local government, property is the way to go longer term I think, especially if your focus is capital value rather than consistent income. I also think there's much to be said for diversification on every front, including currencies. I'm presently split between equities real estate and cash, my cash is split between USD, THB and Pounds and my property is split between two countries. But as Warren Buffet said, diversification is for those people who don't know what they are doing....and that certainly is me and I'm proud to admit it. Last tip: invest in a small number of bottles or fine wine and keep them somewhere safe, then, if the wheel falls off or Armageddon comes early you can always have a beano of a party and take it with you.
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oldie
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Post by oldie on Sept 30, 2020 7:08:32 GMT 7
I like the idea of stacking notes under the mattress.
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chiangmai
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FYI.
Sept 30, 2020 7:28:33 GMT 7
Post by chiangmai on Sept 30, 2020 7:28:33 GMT 7
It would certainly make for a more comfortable mattress than any you can buy in Thailand, jeeze, has anyone ever looked inside one to see what they put in them that makes them so heavy and uncomfortable? I don't know for sure but I would guess that mattresses are manufactured in accordance with the average weight of Thai people rather than heavier farangs, furniture (especially couches and easy chairs), step ladders, old people aides and probably lots of other things certainly are, if you read the labels.
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chiangmai
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Post by chiangmai on Sept 30, 2020 12:46:35 GMT 7
^^^^ AyG, I am coming round to CMs way of thinking, just put a pin in it. That approach only works if you use CM's Patented Investment Selection Tool, it looks like a pin but it's so much more. US 9.95 each or a gift wrapped set of three for US 25, plus p&p, makes the perfect gift.
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Post by rgs2001uk on Sept 30, 2020 19:44:44 GMT 7
^^^ Good lord old bean, I do believe you might be onto something, we can get dutchy boy to set up a website, none of this pikey paypal rubbish, hard cash only, we will be millionaires in no time, what could possibly go wrong.
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FYI.
Sept 30, 2020 19:48:07 GMT 7
oldie likes this
Post by rgs2001uk on Sept 30, 2020 19:48:07 GMT 7
I'm struggling to think what the best advice is that can be given to Olde, perhaps others can comment? Oldie asks a legitimate question earlier, what/how to invest in to give the kids a leg up. According to those with knowledge of these things, investing in popular, well known and well-regarded funds, ones that have made decent returns and have good track records over the past few years.... is the wrong answer. Trying to understand the subject matter and go the DIY route is often very difficult, if not impossible. Perhaps with the benefit of substantial work related experience, education and training in the subject and a reduction in age of say thirty years it might be dooable. Sticking a pin into a list of funds is problematic plus it's tough on the table top, crystal balls and tea leaves might work as might paid for advice from a financial advisor. Have I missed anything? Thanks CM. Sorry I've been too busy working overtime and missed your post. I don't want my kid to follow in my footsteps. Real estate is still good in Oz. No not the big city mansions, the small town 3 bedroom house in a good location. They're cheap enough if you look around and obviously generate passive income. Picking up 4 or 5 of those would be the best I could think of. My nephew and his mates are into that big time in Oz, they work 2 week on two weeks off in the mines 7 hours nth of Adelaide, on the 2 weeks off, they can trash a house and renovate it, obvioulsy its all labour free for them, One big problem not mentioned in Oz, asbestos.
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rubl
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Post by rubl on Sept 30, 2020 21:20:58 GMT 7
^^^^ AyG, I am coming round to CMs way of thinking, just put a pin in it. That approach only works if you use CM's Patented Investment Selection Tool, it looks like a pin but it's so much more. US 9.95 each or a gift wrapped set of three for US 25, plus p&p, makes the perfect gift. Do you also supply a 24k version, gold that is, or would that effect and distord the functioning of the CM PIS Tool?
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