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Teshoo Lama

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Everything posted by Teshoo Lama

  1. I'm the process of diversifying my small (but growing) fund out of Sterling. I don't know whether it's a house fund or vulture fund yet - I want to keep my options open. I bet plenty of others are in the same boat, so some constructive criticism of my basic strategy would really help. Slight complication: there's a strong chance I'll move to the US eventually (my other half is American). I want to hedge against long-term dollar decline and Sterling just doesn't feel like the way to do that. These percentages apply to my existing fund and all monthly savings from here on in. I plan to buy at the same time every week/month regardless of the price - drip-feeding should be more optimal than my uneducated attempts to time the market. I will of course pay attention to the broad outlook for each asset class. METALS 15% gold 10% silver Gold is in a long-term uptrend based on its remonetisation and the long-term decline of the dollar. Worse, the next crash could be the one that finishes off Sterling in the 'Von Mises' scenario. I'm afraid I'm not in a position to worry about counterparty risk - I've nowhere to store physical. I'm going Gold for wealth preservation, silver for speculation. STERLING 25% in Sterling. Instant-access savings account, moving into linkers if the RPI outlook changes. I'll be in the UK for at least the next three years, so I still need money for a rainy day. EQUITIES 25% Funds in ISA wrapper, with an eye on the new £10,200 limit. My aim is to set up 50% defensive, 50% emerging markets to counter inflation, currency weakness and global trade rebalancing. Not sure what to do here yet, worried about bubbles in emerging markets. I may even look at infrastructure and commercial property. I'm doing my own research at the moment but I'm interesting to hear what people are doing in this area. BONDS 25% A mix of high grade corporate and non-US/UK bond funds via the ISA. Blue Chip, Pharma, Too Big To Fails. If the 'recovereh' is going to continue (ie. continued managed deflation without anything cracking) I'd like to maintain some steady returns. Any thoughts or discussion would be appreciated.
  2. That sounds faintly ridiculous to someone who grew up in area of the UK that offered few prospects or opportunities. The same could be said for my other half, who grew up in a comparable area of the US. The opportunities for life and work that London presents are undeniable, evidenced by the number of people that come here to make their way.
  3. These surveys are about as insightful and accurate as an Anatole Keletsky economic forecast. I'm from oop North and I lived in t'Midlands for 5 years too. I've been in London for nearly 4 years now I find life down here is perfectly amenable. I work for an international company and I like the multinational nature of the city. I make decent money (but not a huge amount), but I'm happy to pay a premium to rent in a nice area. Ultimately this will define your experience in the capital. A nice one bedroom place is fine for me and the missus, even if the price makes my old Dad's eyes water. My street in Maida Vale is quiet, tree-lined and clean. Life is pretty simple - there's a beautiful park at one end of the road and a library at the other. Council taxes are low. I'm 1 minute walk from a tube station and 20 minutes from the office. Despite the undeniable pollution, I run home from work each day through Regents Park. I love it, and I'll take the weather down here over rainy old Lancashire any day. But here's the thing with London.. just a 15 minute walk or a 5 minute drive and you can find yourself in what appears to be a different country. A country where you don't want to find yourself lost at night.
  4. I drove through the People's Republic of Brent today. Like a war-torn wasteland, but with bigger potholes. Try the streets of London..
  5. This. I live in Westminster and my council tax is half what I used to pay in Kensington and Chelsea! 0% increases for two years now, due to efficiency savings. I hate dealing with the josbworths on the front line, but otherwise I can't fault Westminster Council too much on value. Me and my other half borrow enough library books to cover the whole thing - at least that's how we try to look at it.
  6. That's on my watchlist. I'm monitoring prices in Chesham but won't be pulling the trigger for another year at least.
  7. I've been keeping my eye on a nice little twp-bed cottage in Bucks, perfect for a commute into London. It's been on the market for 6 months now and this month the asking price has gone UP. Seriously. It's gone up 10k. I don't know whether to laugh or cry.
  8. This first-time poster/long-time lurker adopted the values (and hairstyle) of a Lama in response to this insane boom and the years of pressure to get a slice of the action. I knew something was wrong with the world. This forum helped me understand what, exactly. Incidentally, the first time some confidential documents were snapped like this, it was Caroline Flint and her briefing on the impending HPC.
  9. Wasn't a cabinet minister caught out in the same way recently? Being a skeptical Lama, I find it hard to believe Knacker would make the same mistake. This looks like a ruse to bring forward this raid in an attempt to re-take 'control of the news cycle' over the G20 Tomlinson death. This is going to be spun as an 'embarrassing incident' for which Quick will 'apologize profusely'. Much better than 'Manslaughter at the hands of the Met'.
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