Deleted
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Post by Deleted on Nov 1, 2015 22:38:56 GMT 7
We have some very good investment ideas here and tips, but is there actual money to be made from any of these?
My investments are in land/property. You're sitting on a gold mine with any here or in Sydney. So I am curious and ignorant. Is it like this below? Or have any of you actually cleaned up and made a lot of money?
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sl
Crazy Mango
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Post by sl on Nov 2, 2015 4:08:45 GMT 7
I do and have been doing well for years (never lost), but I would suggest not taking advice from anyone on the net and to see a professional. Net advice might be a rough guide (maybe a starting place), but don’t invest your money before speaking to a profession you can trust. TRUST!
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Deleted
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Post by Deleted on Nov 2, 2015 16:57:01 GMT 7
I do but I've lost too. I'm way down on a few positions at the moment too but I have time.
Time is of the essence -
On that subject a persuaded a young friend to open a ISA ( tax free savings account ) at the rate of £100 per month two weeks ago. He's twenty years of age - and he's the type of young guy that will stick with it, a cracking young guy. My point to/with him was to get in the habit of saving/investing early.
That's the one area most go wrong - by the time they start it's too late to see real benefit.
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Post by Fletchsmile on Nov 2, 2015 19:20:00 GMT 7
I think in Hollywood yes it really is like that  Looks a good movie. Have bought the DVD but still not got round to watching it. I think we have quite a few successful investors on here that have and continue to make money. Sure sometimes prices go up and down, and sometimes incur losses, but over time we make money. I'm generally not a fan of financial advisors. They do have their place for people who don't have the time or can't be bothered. I'd prefer to educate myself though. I'm quite lucky in that it's always been a hobby since I was little, plus I've worked in accounting, financing, banking etc for most of my career so have professional qualifications and experience which supports my hobby and interest. The downside sometimes though is you can't always switch off from money if that's the way your mind works That's where Soi Mango and other Sois in Thailand come in... |
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Post by Fletchsmile on Nov 2, 2015 19:36:37 GMT 7
I do and have been doing well for years (never lost), but I would suggest not taking advice from anyone on the net and to see a professional. Net advice might be a rough guide (maybe a starting place), but don’t invest your money before speaking to a profession you can trust. TRUST!I'd agree trust is very important. Do your own research or checking things out is also important. Trust but verify Worth remembering that some of the people on forums and the internet have professional qualifications and/or years of experience investing. We actually have quite a few people on here I trust when it comes to investments/money. e.g. Naam I've known via forums for years and trust his judgment on bonds and general stuff. RGS has done well for himself and is an old hand albeit modest. GavinK has a good financial background. AYG too. Then there's others like Soutie would chip in the general experience of being an expat even if not from a finance field. Those are just some of the ones off the top of my head I've either seen around for quite a while or met in person. Then there are others I haven't known so long and only really on here but I listen when they speak. Not saying I would give them all my cash or blindly accept any sort of idea they come up with, but I trust them to speak honestly and they are people worth listening to. Ironically the one thing we're short of on BM it's people that ask questions or don't know so much, as we've quite a few knowledgeable posters |
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Post by rgs2001uk on Nov 2, 2015 23:42:46 GMT 7
I do and have been doing well for years (never lost), but I would suggest not taking advice from anyone on the net and to see a professional. Net advice might be a rough guide (maybe a starting place), but don’t invest your money before speaking to a profession you can trust. TRUST! 1, Please enlarge, I have been shafted more than once. 2, There are at least two posters who post on here, whose advive I would take and listen to before I ever visited some pikey in a cheap ill fitting lower Suk suit. Edit to the above, posters advise I have taken. |
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AyG
Crazy Mango Extraordinaire
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Post by AyG on Nov 3, 2015 12:52:54 GMT 7
I suspect the people who make the big money from investing are the brokers and the fund managers. Particularly the fund managers. They get a good, steady income from fees and take very little of the risks of the investors: they get paid whether the fund goes up or down in value.
Oh, and then there are the lying, thieving crooks like Magnus Peterson of the Weavering Capital fund. He stole my money. I'll never get it back. No compensation whatsoever. And it's little consolation he's now serving a 13 year prison sentence. Doubtless he'll be out in a fraction of that time. There are some crooks for whom I'd like to see the death penalty restored, and he's one of them.
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Post by Fletchsmile on Nov 3, 2015 13:36:39 GMT 7
hadn't heard of that one AYG so did a quick Google www.theguardian.com/business/2015/jan/19/weavering-capital-boss-magnus-peterson-guilty-fraudProbably a good reminder that UK regulators and protection (like anywhere else) are by no means foolproof. People often say don't bring your money to Thailand as it's not safe and UK is safer blah blah blah. While it may well be in some respects, it just shows none are completely safe and protected, and it pays to spread our money around. One phrase jumped out at me in the article, below. Reminds me of what they claimed in the UK after the Equitable Life debacle, where regulatory oversight also failed completely with rather inadequate resolution taking over a decade, and then the powers that be used the same line of "regulation has changed and is stronger" etc. etc. Equitable Life was one I lost money on in my pension arrangements. Fortunately a small percentage of my total investments |
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Deleted
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Post by Deleted on Nov 3, 2015 15:38:06 GMT 7
hadn't heard of that one AYG so did a quick Google www.theguardian.com/business/2015/jan/19/weavering-capital-boss-magnus-peterson-guilty-fraudProbably a good reminder that UK regulators and protection (like anywhere else) are by no means foolproof. People often say don't bring your money to Thailand as it's not safe and UK is safer blah blah blah. While it may well be in some respects, it just shows none are completely safe and protected, and it pays to spread our money around. One phrase jumped out at me in the article, below. Reminds me of what they claimed in the UK after the Equitable Life debacle, where regulatory oversight also failed completely with rather inadequate resolution taking over a decade, and then the powers that be used the same line of "regulation has changed and is stronger" etc. etc. Equitable Life was one I lost money on in my pension arrangements. Fortunately a small percentage of my total investments Equitable Life - Disgrace. Mirror pension fund - another disgrace. Gordon Brown's raid on pension funds - Despicable. And what happened to all the money he removed from the funds? every penny blown, and we ended up with PFI funding of what previously would be state assets. That must rank as one of the top financial crimes of the last twenty years. |
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smokie36
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Post by smokie36 on Nov 4, 2015 2:59:55 GMT 7
I do and have been doing well for years (never lost), but I would suggest not taking advice from anyone on the net and to see a professional. Net advice might be a rough guide (maybe a starting place), but don’t invest your money before speaking to a profession you can trust. TRUST!I'd agree trust is very important. Do your own research or checking things out is also important. Trust but verify Worth remembering that some of the people on forums and the internet have professional qualifications and/or years of experience investing. We actually have quite a few people on here I trust when it comes to investments/money. e.g. Naam I've known via forums for years and trust his judgment on bonds and general stuff. RGS has done well for himself and is an old hand albeit modest. GavinK has a good financial background. AYG too. Then there's others like Soutie would chip in the general experience of being an expat even if not from a finance field. Those are just some of the ones off the top of my head I've either seen around for quite a while or met in person. Then there are others I haven't known so long and only really on here but I listen when they speak. Not saying I would give them all my cash or blindly accept any sort of idea they come up with, but I trust them to speak honestly and they are people worth listening to. Ironically the one thing we're short of on BM it's people that ask questions or don't know so much, as we've quite a few knowledgeable posters How come I didn't get a mention? Hello? helloooo? |
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Deleted
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Post by Deleted on Nov 4, 2015 5:41:29 GMT 7
And after making all that money, you need to smuggle it out of the country Op, to avoid the taxman.  |
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Post by Fletchsmile on Nov 4, 2015 9:42:27 GMT 7
I'd agree trust is very important. Do your own research or checking things out is also important. Trust but verify Worth remembering that some of the people on forums and the internet have professional qualifications and/or years of experience investing. We actually have quite a few people on here I trust when it comes to investments/money. e.g. Naam I've known via forums for years and trust his judgment on bonds and general stuff. RGS has done well for himself and is an old hand albeit modest. GavinK has a good financial background. AYG too. Then there's others like Soutie would chip in the general experience of being an expat even if not from a finance field. Those are just some of the ones off the top of my head I've either seen around for quite a while or met in person. Then there are others I haven't known so long and only really on here but I listen when they speak. Not saying I would give them all my cash or blindly accept any sort of idea they come up with, but I trust them to speak honestly and they are people worth listening to. Ironically the one thing we're short of on BM it's people that ask questions or don't know so much, as we've quite a few knowledgeable posters How come I didn't get a mention? Hello? helloooo? ... because it was honest and factual  Our esteemed Smokie is highly trusted. Particularly when it comes to his character and social evenings and having a good time and his other special skills. I can't think of anyone else I would rather trust to induce sleep |
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Looks a good movie. Have bought the DVD but still not got round to watching it.
