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Mick Mac

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Everything posted by Mick Mac

  1. Mick Mac

    The Patch

    You lucky bu gg er . We are all at work.
  2. MrBen Wrote: ------------------------------------------------------- > ok. But at 1.5-2% in annual charges for a lot of > funds plus inflation (2.5-3%) you really need to > be getting 8%+ pa to make it worthwhile. > > Sticking a lump sum in to get a sub 5% return > annually is like watching paint dry don't you find > Mick? Absolutely - But I tend to invest in market "upcycles" ... and that's just judgement/educated guessing/good timing. (and yes nothing comes close to my 160x times multiple over 3 years in my betting fund ? smarty pants)
  3. I have always used a funds supermarket which reduces the upfront fee to low or zero (basis of no advice being needed) and hence no trail commissions which MSW refers too either. The key features show the annual charges and the charges are a key reason why some people choose tracker over unit trust - but I prefer to take care/time to choose the correct fund and hope the manager will continue to outperform the index even after fees, and usually have been able to choose one that does that. Usually the past 3 years performance compared to benchmark is a reasonable basis on which to make a decision. There are good performing unit trusts and bad performing unit trusts - the tracker may outperform many but I feel a good manager with a good track record is worth the charges (although of course I'd be happy for them to be lower)
  4. Mick Mac

    The Patch

    As I said, you get the drift.
  5. ???? Wrote: ------------------------------------------------------- > however, your idea makes sense other than that > Mick, I'll give you that Charming.
  6. Mick Mac

    The Patch

    Ok imported IPA - what's that? You get the drift, don't be a pedant.
  7. If going down the shares route as opposed to property - picking a spread of strong performing unit trusts is the best bet for me, maybe 5/10k in each, that's what I'd do, one from each of UK, USA, Europe, Japan and a lesser amount in emerging eg China/India. Research it well (fund supermarket sites have the past performance data on all of the unit trusts) and - Quids - I think this beats just doing a FTSE tracker as 1) you get a decent fund manager choosing your stocks and 2) you get a global spread of risk/upside. Quite low charges on most unit trusts and no acquisition cost through a fund supermarket.
  8. Mick Mac

    The Patch

    El Pibe Wrote: ------------------------------------------------------- > "It all seems to be about fancy continental lagers > these days" > Really? Ok its either fancy continental lagers - OR - fancy continental bitters - either way its a fashion and an expensive one. I'm with Louisa - there is nothing wrong with our own real ales etc... Still reeling from ?5.50 a pint of IPA :)
  9. Mick Mac

    The Patch

    Louisa Wrote: ------------------------------------------------------- > I agree with you guys. And also, I miss being able > to get a nice strong Kentish/Sussex real ale in > any pubs around here. It all seems to be about > fancy continental lagers these days or am I > missing the point? Landlords/pub companies, stop > trying to appease Clapham blow-ins and feed me my > brown ale! > > Louisa. You don't normally make me laugh Louisa! but I liked this one. :)
  10. MrBen Wrote: ------------------------------------------------------- > Looking at the higher risk end and not for the > faint hearted, investment in a start up via the > new SEIS scheme is very attractive. You can offset > your income tax and get a substantial capital > gains break. > > See http://www.hmrc.gov.uk/seedeis/background.htm > > Not one for the layman though?. Agreed - And like BES relief in the 1980s and Enterprise Zone reliefs in the 1990s, the tax reliefs are great because the investments are very high risk.
  11. http://stretfordenders.net/statistical-analysis-do-united-get-all-the-penalties/ Done by Stretford Enders but probably reliable?
  12. ???? Wrote: ------------------------------------------------------- > Do it the Mick way, a couple of weeks in the > middle of the month where you don't have a drink > on the Tuesday and Wednesday...piece of p1ss Horses keep getting in the way. Last year Frankels last stand on 20th of the month and this year Silver Treasure 16th, so yes the abstinence is getting shorter, but I usually last long enough to be sober for the company doctor annual medical. I tell him I'm teetotal.
  13. Interesting. Apart from downside .. "Less social contact"
  14. No matter how much people have, most people feel they do not have enough, that's because people seem to reach for what they cannot quite afford. When those with a lot enter into decadent spending they are lambasted for wasting money. In fact, the more they spend the better it is for everyone.
  15. James - what happened at 1 Jan - did Iceland continue the lease after all?
  16. Yes 29k is a lot of money. I own a leashold flat and hope never to encounter this type of thing. I think the difference between private and council is a private leasehold development with a management company will annually out of the service charge for each property (1.5-2k p/a) build a reserve with which to meet the bigger costs without having to raise a big bill - this softens the impact. Not sure council flats work the same way, and if not don't have a reserve for this type of improvement?
  17. Or anyone with great financial knowledge for that matter.
  18. In my recent experience, by the time you have priced a good quality kitchen.... :0
  19. What constitutes a "big" bill?
  20. Another not in favour of paying off mortgages in a rising market. If you pay off the mortgage can you borrow back the over repayment? If not then it's money you lose control over if that rainy day comes along. I once had a discussion with a work colleague a fair few years ago and I predicted that shares would rise more than property over the coming years so I expected to invest in shares. His response was ok but no bank lends you 4 times your money to invest in shares hence a shares investment needs to outperform a property investment by a significant multiple. Property investment remains tax efficient and a 50k can get you a 200k plus property. Not without risks but you have to live wit the decision so you take your choice. Good luck.
  21. Is that you Declan?
  22. At a party last night they were quite popular, but those using them ultimately sneaked outside with the smokers later, no doubt for the real thing.
  23. They haven't been close enough to choke in the PL to be honest. But there will be pressure if the title comes close. City found it hard to get over the line as does any club that has not won it for a while, eg Arsenal 1989 threw away a big lead before ultimately winning.
  24. Agreed. Arsenal should do something about this. In a season with the potential to win the title, wealthy disinterested supporters denying fans the right to see their team is just wrong.
  25. And the same things that may make your daughter want to be with him in the first place. If my daughter brought Paul Scholes home, I'd tell her to try again.
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