Now Alliance & Leicester Shares Plummet!!
17 September 2007, 07:10 PM
#31
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I'm all for a 30% Correction.
Looked at a £600,000 home yesterday - a 30% drop in that will make my jump much easier to make, as 30% on my main residence will be a smaller fall than this property. Either that, or more likely, I buy a house which is currently showing a £800,000 price tag.
As long as my rented houses remain rented, there is no worry there either ... someone else is paying for those (I just own them).
Looked at a £600,000 home yesterday - a 30% drop in that will make my jump much easier to make, as 30% on my main residence will be a smaller fall than this property. Either that, or more likely, I buy a house which is currently showing a £800,000 price tag.
As long as my rented houses remain rented, there is no worry there either ... someone else is paying for those (I just own them).
17 September 2007, 09:58 PM
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I'm all for a 30% Correction.
Looked at a £600,000 home yesterday - a 30% drop in that will make my jump much easier to make, as 30% on my main residence will be a smaller fall than this property. Either that, or more likely, I buy a house which is currently showing a £800,000 price tag.
As long as my rented houses remain rented, there is no worry there either ... someone else is paying for those (I just own them).
Looked at a £600,000 home yesterday - a 30% drop in that will make my jump much easier to make, as 30% on my main residence will be a smaller fall than this property. Either that, or more likely, I buy a house which is currently showing a £800,000 price tag.
As long as my rented houses remain rented, there is no worry there either ... someone else is paying for those (I just own them).
18 September 2007, 02:18 AM
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I'm all for a 30% Correction.
Looked at a £600,000 home yesterday - a 30% drop in that will make my jump much easier to make, as 30% on my main residence will be a smaller fall than this property. Either that, or more likely, I buy a house which is currently showing a £800,000 price tag.
As long as my rented houses remain rented, there is no worry there either ... someone else is paying for those (I just own them).
Looked at a £600,000 home yesterday - a 30% drop in that will make my jump much easier to make, as 30% on my main residence will be a smaller fall than this property. Either that, or more likely, I buy a house which is currently showing a £800,000 price tag.
As long as my rented houses remain rented, there is no worry there either ... someone else is paying for those (I just own them).
18 September 2007, 05:50 AM
#38
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I know its not technically related to this thread but Ive just cancelled my 'Save as you earn' scheme that Asda run. I was lucky enough to sell the remaining shares I own for 52 dollars just before they dive bombed to 43 dollars!!
Over the last 16 years I have worked for Asda (including school etc) the sharesave scheme has been great. Used to save £250 a month and bought the shares for 47p which made me something like £40k but the US economy is so poor at the mo its not even a savings account!!
Im off to the bank tomorrow and its getting stored under my bed!!
Over the last 16 years I have worked for Asda (including school etc) the sharesave scheme has been great. Used to save £250 a month and bought the shares for 47p which made me something like £40k but the US economy is so poor at the mo its not even a savings account!!
Im off to the bank tomorrow and its getting stored under my bed!!
18 September 2007, 09:15 AM
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18 September 2007, 09:31 AM
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No money left my account - but PLENTY is about to come into it!!
I love idiots - you can get rich by watching the lemmings and running the opposite way
Oh happy days!!!
18 September 2007, 09:50 AM
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SO, just you be clear, what you are saying here is that you waited until just the right time to sell the Alliance and Leicester shares you already owned?
18 September 2007, 09:58 AM
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Even if you know the time to buy and sell, the market spreads for an individual investor in the early morning when all the action was would be huge?
The Chancellor's statement after the market close would have lots trying to buy A&L at once this morning. The fantasy paper trader could make a fortune out of it, but could the small investor?
The Chancellor's statement after the market close would have lots trying to buy A&L at once this morning. The fantasy paper trader could make a fortune out of it, but could the small investor?
18 September 2007, 10:01 AM
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Even if you know the time to buy and sell, the market spreads for an individual investor in the early morning when all the action was would be huge?
The Chancellor's statement after the market close would have lots trying to buy A&L at once this morning. The fantasy paper trader could make a fortune out of it, but could the small investor?
The Chancellor's statement after the market close would have lots trying to buy A&L at once this morning. The fantasy paper trader could make a fortune out of it, but could the small investor?
18 September 2007, 10:07 AM
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Even if you know the time to buy and sell, the market spreads for an individual investor in the early morning when all the action was would be huge?
The Chancellor's statement after the market close would have lots trying to buy A&L at once this morning. The fantasy paper trader could make a fortune out of it, but could the small investor?
The Chancellor's statement after the market close would have lots trying to buy A&L at once this morning. The fantasy paper trader could make a fortune out of it, but could the small investor?
It's quite difficult to make serious money from day to day trading unless you can watch it constantly, then you can react. Obviously stops in spread bets helps this to some extent, but you can end up missing out on big money.
18 September 2007, 03:20 PM
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18 September 2007, 04:54 PM
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I think there may a a good few more withdrawals going on from all sorts of places yet.
I think it is an indication that you can't run what you can con people into thinking is a strong economy by encouraging such an enormously high level of credit generally in the country and also having the highest governmental borrowing rate in years for a period of ten years, without eventually finding that it all catches up regardless of what has happened in the States. That will just be the trigger in fact.
Trouble with borrowing is that eventually it has to be paid back. Or you may have to start flogging stuff off to service your debts.!
Rather like Flash selling off half the nation's gold reserves at a knock down price without a word of explanation to the country!
Les
I think it is an indication that you can't run what you can con people into thinking is a strong economy by encouraging such an enormously high level of credit generally in the country and also having the highest governmental borrowing rate in years for a period of ten years, without eventually finding that it all catches up regardless of what has happened in the States. That will just be the trigger in fact.
Trouble with borrowing is that eventually it has to be paid back. Or you may have to start flogging stuff off to service your debts.!
Rather like Flash selling off half the nation's gold reserves at a knock down price without a word of explanation to the country!
Les
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