Ponty
pfm Member
Of course not, however, many don’t buy anything, they hire it and have a new one every few years.
Stock Market 2021
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Of course not, however, many don’t buy anything, they hire it and have a new one every few years.
Ponty
pfm Member
Darth Vader
From the Dark Side
That link brings back old memories. Cazenove used to one of my customers and I had to sign a declaration not to use insider trading information! They used to have offices in Token House Yard and those narrow allies are rather claustrophobic. It was like being in a movie about the Great Fire! It was also the first time that I used DWDM to provide resilient high-speed digital links between their hot servers and backups.
Memories.
BTW that % assumes that you did nothing over 19 years. In fact loads of people made lots of money over that period. There is more to investing than looking at the FTSE index. The re-investment of income leads to exponential growth and that can lead to huge returns if you give it time. Its the gamblers i.e. those looking for a quick buck that get burned.
Cheers,
DV
paulfromcamden
Baffled
@Darth Vader yes that's a good point about reinvesting the divis. All the trackers I use are accumulators so it's easy to forget that's what's happening in the background.
Not just cars, houses.
I don't think it is anything specific about a modern trend, but a sign of the times where things are gone quick.
I have phoned up about a couple of houses to rent on the day they've been listed and been told they'll put me on the list to view it, then never get a call. I suspect people are calling up and saying they'll take it without even seeing it in person.
Ponty
pfm Member
That’s if it even gets online. Unless you really need to move, I’d stay put in this market and wait for the tables to turn. I’ve got a place soon available, looks like it may well be let ‘off market’ to a pre qualified tenant before it even hits Rightmove. Happens a lot with house sales.
Ponty
pfm Member
Aside from a ridiculous historic pension scheme (one reason their SP has been so battered but it’s slowly getting sorted out), fibre. I think they’ll be a takeover target before long.
https://www.ig.com/uk/news-and-trad...o-altices-p2bn-investment-and-12-1--st-210610
Mike Reed
pfm Member
Openreach is indeed a major part of BT, despite calls over recent years to hive it off. An investment firm bought a large slice of BT very recently; think he may be a major shareholder (>5%). Last (interim) divi. Feb. last year. Had my 1092 shares since privatisation, and despite many up 'n' downs and no divi. periods, I reckon they don't owe me anything now.
Ponty
pfm Member
It’s hung over them for decades, the old BT DB pensions are incredible, lottery wins really in DC terms. Of course, if they were still in state hands, the tax payer would indeed be picking up the tab. The DB scheme closed in 2018 so will still take a while to wash through.
Ponty
pfm Member
Only another £24BN added to the slate in May. Public sector debt closing in on 100% of GDP. Horrifying.
https://apple.news/AyhlhjzzCR9ecniObFqx_TQ
https://apple.news/AyhlhjzzCR9ecniObFqx_TQ
Snufkin
pfm Member
andyoz
pfm Member
That's only £400 for each man, women and child. We'll make it back on Crypto ..
Ponty
pfm Member
…a month. Some seem to think limitless govt borrowing doesn’t matter. Possibly the same folk who won’t be paying it back!
andyoz
pfm Member
I know...only £5k a year...m
Sure everyone's house has gone up by that... she'll be grand
Ponty
pfm Member
I know...only £5k a year...m
Sure everyone's house has gone up by that... she'll be grand
The whole thing is ridiculous. I keep hearing feeding frenzy stories from the housing market. House / asset prices should be on their arse. Every pound the govt hands out that it hasn’t got inflates prices for everyone.
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