everything seems to be declining, gold, shares, cash in the bank due to inflation. The only thing that looks good is property damn it!

there must be something good out there to buy into.....

I rather like BP, down 6% this week and only trading at a P/E of x8 earnings, and the oil price is still north of $60.

buy japanese yen with borrowed kiwis

sorry, do you mean go to new zealand and borrow a load of national birds?

but it is interesting you say buy jap yen, how does someone go about that. at there interest rate wouldn't it be possible to buy yen and stick it in a high interest account to make money?

1st port of call for excess cash is paying off your debt

if you are debt free, a close second call is to improve and invest in ways to increase your earnings or efficiency.


the second method depends on your skills and trade.

I'm talking about going short of the NZD/JPY currency pair. through an FX dealing account or spreadbetting account.

this week it has fallen from 86.00 to 80.00 a masive move in FX terms.

kind of a reverse yen carry trade. you aim to make on the appreciation not the negative carry.

Yeah, I was right about BP. If you missed this tip at the time just jet back a month and buy as much as you can

Didn't notice this thread at the time but yeah, BP's been my biggest winner since I loaded up in March.

You can't wriggle out of my 50% mafioso profit sharing scheme quite that easily

Just call me Don Christlioni.

But it's going to cost you your dividends for me to keep me quiet in future.

That was a nice 4% yield and BP has a good history of dividend growth and buy backs

I also picked up Vodafone when they took a hit a few weeks back, >5% dividend and 7% capital growth so far.

So VOD's part of the scheme too then. I bought em last month too after they got hammered. Bought in at 137 ish which is a 5.4% growth so far.

Looking for my next value / income hit. DSGI is looking increasingly likely as I feel it's quite unvalued after all the bad news in recent months. It's got a tasty >5% yield ATM too.

You're a filthy value investor, I like you already. I was going to buy into TATE.L about the same time as I bought VOD, 'fraid I missed a trick there.