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Troubleatmill

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Everything posted by Troubleatmill

  1. China must be displacing at leat Germany in terms of engineering output, if not Japan In China, I understood that they had a high propensity to move around to different enterprises, therefore not true specialists in the field they happen to be in. Doesn't say they're not technical people, just that they find themselves in clothes manufacture one minute, engineering the next.
  2. These posts made me wonder if it might be an interesting idea to pin this article for snippets with regards to retail sector as below (i.e. I was in Next and I couldn't move, went to homebase and it was dead, type things) At least we'll be able to work out where the money is being spent Special areas of interest would be furniture shops, DIY, bathroom stores, estate agents !! What d'yall think ??
  3. These presumably are the 18 to 25 year old's who live at mums and have all their sub £25K income to spend on cr8p. Went out the other week, onto a club and I'm not kiding you, you couldn't move, it was heaving with 18 to 25 yo's - £15 for a round etc etc
  4. I see the clouds, but I don't feel their effects (at least not personally and not yet): Sales at work are moving up and forecast higher (manufacturing) - job security is very good at the mo. Shops in town heaving FTSE nuding higher daily, my shares are doing v well indeed HP's seemingly higher m.o.m. Few 'for sale' signs and lots of 'to let; signs knocking about None of my friends/relatives (apart from one) have hinted that finances are tight with them The clouds I see (in addition to your points, pdg) are : Tightening credit (0% deals getting shorter) Credit interest rates edging higher More firms (mine included) looking to resource goods/services from low cost countries (china, india, malaysia, e europe) Falling car sales Work talking about strategies to deal with the 'trough' Bad results from a number of retail outfits In balance, my feelings for the future are 'bad to terrible', but I've been saying this for 4 years as my mum pointed out the other day.
  5. Work = 7 (due to the silly cow I work for, the job itself is a challange but OK) Housing situation = 6 (but I have to put up with it (renting) for 2 years at least I think) Love life = 10 (what love life) Money = 3 (good, got cash & shares) Social life = 5 General I'm about a 7, but I've got an exam tomorrow so that isn't helping as I'm supposed to be revising
  6. Things are going to get really bad for workers at Delphi the auto component supplier - a pay cut down to 12.50 usd/hr is being demanded by Delphi management (around £7.00/hr or £15K annualised) http://www.lsj.com/apps/pbcs.dll/article?A...70327/1004/news This 'only' affects around 30,000 US workers. Delphi make the bits that go inside cars, so logically, the next stage is for GM (who are in as bad a position as Delphi) to demand similar cuts for it's workforce - then Ford will have to follow, then everyone else including the Asian carmarkers in the US in order to maintain parity. Things are looking real bad at Delphi, but if you're in manufacturing in the UK (as I am) this is just on your doorstep and it looks very worrying. The unions slam the offer as derisory "It's ridiculous. They know it's ridiculous," Gettelfinger (leader of the UAW) said. Delphi are trying to react to competitive pressure from the ROtW and this is last chance saloon for them, but Delphi's angst is the tip of the iceberg I fear
  7. You're in the same position as myself, though I've recently bought 500 gbp's worth (wow) of Barrick Gold (worlds biggest gold mining co) shares which have now increased by a massive £30. My plan is to either buy physical gold or shares in Barrick in batches of £500 every 2 or 3 months, rather than sinking all £5,000 in one go and hoping for the best which should hopefully protect me from the worst excesses of the stock market, gold price and exchange rates (but means if gold shoots up in the future I won't make as much) This is the only way I could sell it to myself - if my £500 had gone to £470 after the first 2 weeks then I wouldn't be too worried, if my £5,000 had gone down to £4,700 I would be really concerned, might have sold up and missed out on my original (and your) idea that gold is a good bet for the medium term. In answer to your questions : "What is your view on the return i might get on that 5k investment in say 2008/9? Do you expect a bubble, mediocre returns or a loss?" - I expect gold to gradually creep up as things get worse, how much ask dr bubb If the value of the pound decreases through inflation, am I right in thinking that will just increase the £ value of my gold, and so I am therefore protected? Gold is a safe heaven in times of high inflation Is it in anyway possible (however unlikely) that I could lose ALL my £5k? Very unlikely unless someone perfects alchemy I must say that the 'gold bull' web pages fill me with a little suspicion as I guess they're trying to talk up the market, but again, I donlt think I'm going to loose that much and it is more interesting than putting the money in ING
  8. Nice one FaTB, was it through an agency ? Where (ish) anyway ?
  9. Am making my first tentative steps back into share buying (outside of the equities ISA I have). Anyone got any pointers for me ? I don't want to put too much into any one particular area. I recently bought a small amount of shares in Barrick Gold, but the high PE ratio is putting me off buying more. Does a high PE ratio mean the shares are very expensive ?
  10. Very interesting. I think we're all expecting this to come down sooner rthaer than later - they (paragon) make their money by selling btl mortgages and if the demand falls then so'll their share price. That;s my logic anyway - I wouldn't buy shares in them
  11. This is deeply sad. How can a supermarket possibly increase HP's ?? Snob factor according to this numpty. Lamentable
  12. If I was 100% happy renting forever, I wouldn't be poking around on here. That said I'm not exactly unhappy renting - it's my friends and family that seem to have the problem with me renting. My rent is £425 and I put £150 pcm into an ISA which is going to be used to buy a house one day, so friends/family say for £575 you could have a mortgage of around £100K which would buy a house. no it wouldn't. It would buy me a flat - a flat the size of the place I'm renting. I'm hoping for a HP crash in the next 4 to 5 years, but if it doesn't happen, I'll have enough saved up to put down a massive deposit on a real house. I think HP's will crash - therefore I'm happier renting. Simple.
  13. Have just bought some shares in Barrick (Gold miner). I know this is a mistake, I can feel it now, but sod it. My ill-thought out plan is to buy £500 worth now and when the share price drops (as it inevitably will beacuse I've bought shares in them), buy some more. Daft, eh? So, the plan here is to buy in gold stocks in buckets of £500 every so often (say every 2 to 3 months) that way, if the shares go down, I buy more and if the shares go up, my strategy is nacked but my fund is up. You're going to laugh aren't you ? My other forays into the stock market have ranged from terrible (ARM, BT and Alstom) to brilliant (Caterpillar and my equities ISA). The difference between terrible & brilliant is simple : on the terrible ones, I sunk a large sum in the 3 companies in one go and the market dropped on all 3 at the same time (but I didn't sell, I hung on hoping they'd go up). The market dropped & dropped & dropped and I lost 60% in the end. On the brilliant side of the hill, I put a little in every month and the results have been knockout (I think it's called pound-cost averaging) and I'm up 250% on CAT and 10% on the ISA I'm sitting here thinking the economy is going down the loo so I want to be able to build a small gold portfolio slowly over the next 12-24 months or so by doing just that - £500 every 2 to 3 months depending on finances. What do you think ?
  14. People round here (Peterborough) aren't skint. Went out last night and the pubs/clubs were heaving., but I guess these are the under 30's with no house, living at Mums and on 15Kpa.
  15. If this is what investing in propert does to you then I'm not interested :
  16. Every time I get the need to buy, I simply look at a selction of the cheapest houses on an EA website then work out what the mortgage would be for one of them. I no longer feel the need to buy anymore
  17. Hey, what about joining the police ? My sister is in the force and married to a copper - she absolutely loves it - she's gone on to do a law degree, taken her sergants exam and must be on 28 by now i guess - more than me anyway
  18. Sorry to hear about your bad news FatB. For me, your first priority is to get yourself onto an agency - there should be some that specialise in your field. In the meantime, not worth signing on, see if you can find some casual work to keep you busy perhaps - put the feelers out. I did just the above after getting made redundant and it worked out great - 6 weeks working on a farm (!), then a temporary job (via agency) then onto a full-time job at another company through the same agency. It sounds a real cliche, but being made redundant was the best thing to happen to me career-wise (no joke) but the actual process was horrible. Good luck whatever you do.
  19. My leccy bill is around £30 pcm (don't have gas) so how the heck are you spending £35 per month on gas alone then ? Have you got a leak, a Jacuzzi or what? perhaps you should be looking for a new supplier ?
  20. “We are doing just about everything we can possibly do wrong”...good listening
  21. Do I save much ? I save £150 in an tracker ISA and put £115 into the company share scheme. The rest of my money got spent on going out, takeaways, internet poker (not much but it all adds up), meals at work, buying loads of food (and chucking it away) & cigarettes - the rest of it I used to waste. This was when I shared a place (rented a room of a guy at work) but he really got on my nerves after a bit sometimes he would slam the doors and belch as loudly as he could (presumably to annoy me ?) but then 5 mins later walk into the front room and be as nice as pie. Weird. Now I have my own place and my wages have to last. The last thing I want to do is run ANY debt on my credit card so I'm being more frugal, but I'm not able to save as much as I theoretically could when sharing, but when I was sharing I used to blow most of my money anyway (see above) The bottom line is yes, it IS cheaper to share than rent, but if you share with the wrong people, it COULD become more expensive (as you'll end up down the pub everynight to get away from the to$$ers you share with) on the other hand they may end up being your best mates ?
  22. You'll be OK on £17K and should be able to afford anything up to £425, but : 1) Don't eat takeaways 2) Take butties to work 3) Only go out once/twice a month I was really worried about getting my own place (renting) due to the expense but it's great. Buy a freezer - most definately worth it, food is too expensive to throw away. When i was sharing a place I found I was eating say half a loaf of bread and chucking the rest because it had gone off
  23. We are in big, big trouble and as said above Christmas 05 is going to be the turning point. How the hell can people afford it ? I'm single, have no debts, but after all my bills and living costs I 'm near skint at the end of the month. OK I save a bit and have a pension but I imagine if I had to pay back a car loan and credit card montly payments as well then I'd really struggle. I'd love to see what the average household balance sheet looks like, I bet it isn't a pretty sight and I bet you can identify what areas of spend will get the chop and in what order - I guess lesiure activities will be the first to go (gym membership), then Sky, then broadband, then going out (pubs restraunts) holidays then car purchases will stop then on to shopping at the real discount stores. We're doomed and I think by this time next year we see some worried faces.
  24. Putting down £25K and based on x3.5 there are 27 'houses' I could buy. Without my £25K I could buy 3
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