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  1. Maths couple millionaires quit buy-to-let market A couple who quit teaching maths to make a fortune in the buy-to-let business have decided to cash in their 700 home property portfolio. By Stephen Adams Published: 7:01AM BST 03 Sep 2009 Maths couple millionaires quit buy-to-let market Fergus Wilson said he wanted to spend his retirement mentoring other landlords - and enjoying hobbies such as their racehorses and breeding Belgian Blue Cattle Photo: ANDY PARADISE Fergus and Judith Wilson are thought to have made up to £90 million since 1986, when they started with just two houses. Now they have decided to capitalise on the house price rises of recent months to get out of the business. Most of their houses are in the Ashford and Maidstone areas of Kent. Mr Wilson, 61, said he wanted to spend his retirement mentoring other landlords - and enjoying hobbies such as their racehorses and breeding Belgian Blue Cattle. He said: "The time is right for us to go. It will break my heart to say goodbye to all the houses we have but you cannot take them to the grave with you." The couple got into the buy-to-let business in 1986 when they realised that it made financial sense to rent their existing three-bedroom semi in Maidstone, when they were looking to move to a bigger house in a nearby village. But the Wilsons, who at the time were teaching in schools in Sidcup and New Romney, Kent, only really got into the game in the early 1990s, timing their entry perfectly as prices plummeted due to rocketing interest rates. They rode the boom for 15 years, buying 180 houses in 2003 alone. They have mainly stuck to buying new-build two and three bedroom houses "with a bit of grass and parking", avoiding the glut of town centre flats that have suffered the heaviest price falls. Mr Wilson once said that it was no good buying flats as an investment because "you cannot get people to buy jam tarts if they want cream doughnuts". Last October they started offloading their property empire, which at its peak topped 900 houses, worth roughly £250 million. At the time they said they would not sell all at once, to avoid crashing the market in Ashford and Maidstone. However, they appeared to have revised their strategy, with recent property price rises convincing them that the time to sell is now. Average asking prices in Ashford, Kent, rose from £209,000 to £221,000 between June and July. Mr Wilson said: "At that rate we made more than £1 million this July whereas we did not make a penny in July 2008." Only three of the remaining houses are outside Kent. One of their golden rules has been only to buy in areas they know and can easily monitor. Mr Wilson stressed he would try to ensure they sold to responsible landlords to protect their existing tenants, but could "guarantee nothing". http://www.telegraph.co.uk/news/uknews/612...let-market.html
  2. On the programme last night when Declan Curry stated that the average salary in Northern Ireland was 27, 000 odd (Can’t remember the exact figure). I have been looking now for a number years (Just out of interest hoping that i will land that 100k job some day) on many job sites like NIJobs, NIJobFinder etc and the local newspapers in the area where I live in. The question I have is that after looking on these various job advertising places and looking at many of the salaries for these jobs I just don't see how the average salary in NI can be 27,000+! What are your opinions regarding NI's average salary? I just don't believe that the average salary would be as high as that!!
  3. Another great performance FP, but you need to make a trip to Specs Savers methinks!
  4. Think this deserves its own thread. On the Brink BBC 1 tv series this week presented by Stephen 'fat boy' Nolan. Synopsis: As the recession continues to bite hard in Northern Ireland, Stephen Nolan presents a series of programmes that go behind the scenes in the offices of the Citizens' Advice Bureau, which finds itself at the coal face in helping those affected cope with its impact. From personal debt to property repossessions and redundancies, this insightful and emotional series looks at how the new hardship of the 21st century is afflicting people of all backgrounds.
  5. Yeah agree, America is bankrupt for sure. The US national debt is owned predominantly by Asian economies with China being the major holder of the debt. America's total debt approaching $60 Trillion and rising!
  6. For the biggest (fattest) presenter in the country!
  7. This, I believe will be the case again, high interest rates will return as they print and flood billions of notes into the money markets! Hyper Stagflation methinks!!
  8. I would not knock Gold ! Gold has more value than currency that is just printed out of thin air and at the minute with billions being printed methinks the value of Sterling and the US Dollar will be worthless eventually. You only have to listen to Jim Rogers, a legendary investor, and what he is saying about Sterling and the US Dollar. You can listen to him on Youtube. Why Invest in Gold I don't agree, but respect your opinion on Gold but historically, gold has been a proven method of preserving value when a national currency was losing value. If your investments are valued in a depreciating currency, allocating a portion to gold assets is similar to a financial insurance policy. In the past year, the climb in the price of gold above $1000 per ounce is due to many factors, one being that the dollar is losing value. Yes, Gold does have disadvantages and reasons to say NO to Gold would be : Gold doesn't pay income or interest. Except for the last five years, gold has been in a bear market after a peak in 1980. Central banks have tons of bullion which they occasionally threaten to sell. If you don't count the last five years, gold stocks have not done well. Since gold funds have made big moves over the past five years, it's time for them to drop back. Your broker probably won't recommend gold funds. Reasons to say YES to Gold The dollar is weak and getting weaker due to national economic policies which don't appear to have an end. Gold price appreciation makes up for lost interest, especially in a bull market. The last four years are the beginning of a major bull move similar to the 70's when gold moved from $38 to over $800. Central banks in several countries have stated their intent to increase their gold holdings instead of selling. All gold funds are in a long term uptrend with bullion, most recently setting new all-time highs. The trend of commodity prices to increase is relative to gold price increases. Worldwide gold production is not matching consumption. The price will go up with demand. Most gold consumption is done in India and China and their demand is increasing with their increase in national wealth. Several gold funds reached all-time highs in 2007 and are still trending upward. The short position held by hedged gold funds is being methodically reduced. U.S. government economic policies over the past decade have systematically projected the U.S. economy down a road with uncontrollable federal spending and an uncontrollably increasing trade deficits. Both will cause the dollar to lose in international value and will increase the price of alternative investments, such as gold. With the recent devaluation of many international currencies, the U.S. dollar was the international safe haven of last resort. We are seeing signs of this ending due to many financial factors, the most important one being a falling dollar. There are over One Trillion dollars ($1,500,000,000,000) of U.S. debt owned by foreigners which could be repatriated under certain conditions. This could cause a major decline in the value of the dollar and a soaring gold price. If you believe in 'buy low, sell high', gold is still low, but climbing.
  9. Usual VI spinners!! I would only go by what Mr FP and others on the internet are saying about house prices and not these particular muppets! We have not seen the last of this global economic collapse, bank bailouts, job losses, etc, etc, etc! Not by a long shot, hence why I have invested in Gold and all you folk on the forum should be likewise.
  10. Or interviewing Mr Financial Planner
  11. Bottomed out? Me thinks not! We are not even two years into the down cycle yet and the last cycle there was not banks going bust and big banks been consumed by mega banks. NEVER trust the mainstream media ! Internet media all the way REMEMBER : If its on the internet it has to be true!!
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