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|>>|| No. 8117
Several lads here seem to have a grasp of investments and so on. Do any of you have a regular income outside "earner income"? What kind of category does it fall into, and how did you come into it?
I had a nice image, but brian isn't playing ball today. It's a list of different (very broad) types of income:
1 Earner income : work a job
2 Profit income : buy and sell
3 Interest income: lending money
4 Dividend income: owning stock
5 Rental income: renting out property
6 Capital gains : assets increase in value
7 Royalties: others use your work
|>>|| No. 8898
I've been trying for years to get a grasp of where crypto tech will actually go in the long run but I just lack the technical understanding to make meaningful evaluations. Every time I find a project that I think has a legitimate and promising use case, it ends up going nowhere in particular. I foolishly thought blockchains would be running everything by now (alongside driverless cars dominating the roads, a vision which also seems to have stagnated).
Are there are any serious tech-oriented places on the internet where I can read the thoughts of people working on this stuff without it being clouded by speculators? Or do you literally just have to have personal connections to knowledgeable tech people?
|>>|| No. 8933
It's below 11p now. I think I need to resist the urge to double down.
|>>|| No. 8934
You've already missed out on >16% gains. You're really going to kick yourself when they redrill the Tanzanian well and find extractable gas.
|>>|| No. 8935
It's closed at 8.52p. I'm glad I didn't try and buy the dip from the initial fall.
|>>|| No. 8943
I made a punt on MGC and it's gone well, despite the big spread, now in profit. Thanks.
|>>|| No. 8947
Maybe I've spent too much time on r/UKPersonalFinance lately, but it seems like a substantial amount of members on the sub are complete retards.
For example, loads of people are shitting the bed over the announcement that CPI in the 12 months to August 2021 was 3.2%. They're panicking like it's the end of the world and need to completely overhaul their investment strategies. There's been quite a few posts to that sub that have given me the impression that most members are investing in Vanguard trackers just because everyone else is doing it and as they don't really understand what they're doing they're at risk of making a really stupid mistake.
|>>|| No. 8948
Lots of that finance stuff on the R site is frightening - WallStreetBets is a work of art in itself.
|>>|| No. 8949
UKPersonalFinance is meant to be the sensible and boring one, which it largely is but a lot of posters there seem to be very sheltered away from the real world and seem to exemplify a little knowledge being a dangerous thing.
|>>|| No. 8950
> a little knowledge being a dangerous thing
To a certain extent though, that is the retail market - you can see from many sites, most people don't know what they are doing and act irrationally, and often in a panic. Herd mentality is very real. They key is not to get seduced by it, and do your own thing.
|>>|| No. 8951
I'd join you lads on the horse only, when I went to post I remembered all the stupid shit I've done with my money. For instance not throwing every penny I own on clearly bullshit meme stocks and animal coins.
Index trackers are perfect when you don't understand what you're doing imo. If you don't have most of your money in a few of them then frankly I think you might be retarded.
|>>|| No. 8952
You can't go too far wrong with index funds, but if you don't really know what you're doing and why because you decided to blindly follow the herd then you're at risk of making a stupid mistake or becoming unstuck the first time you encounter an obstacle.
|>>|| No. 8953
All my non-meme investments are the very Vanguard tracker funds that you're talking about. I put £5000 in two different ones, plus a hundred quid each every month, and they've made me about a grand since last year. I don't really know very much, but I plan to leave the money untouched until it's enough for my needs, and if it drops to nothing temporarily then rockets back up again, I'll be fine. I didn't even do that much research into which funds are best to invest in; I went FTSE because God save the Queen but that's most of my research right there. No gambling from me.
Am I one of the fools you're talking about? Am I in trouble?
|>>|| No. 8954
>Am I in trouble?
No, sounds like you're doing it right.
When you want to branch out into other funds, I recommend these guys - Fundsmith - I put £5k in two/three years ago, also top up by £100/month, and they've returned over 40%.
|>>|| No. 8955
No, not unless you do something daft like selling when the market falls or deciding to make rash decisions because you've yourself worked up into a flap over something like inflation.
Fundsmith holds shares in about <30 companies, big names like Facebook, Microsoft, PayPal, PepsiCo, Visa, Starbucks and LVMH. With a concentrated portfolio like that it's not too far off stock picking.
|>>|| No. 8956
That's exactly what you should be doing, it's defensive and probably best value for money once you factor time. Albeit you probably want to spread to different indices (the US/others), try to pay the same amount each month no matter what the news says and you're doing what is called 'dollar cost averaging' i.e. avoiding any risk you stuff a lump in right at the peak.
If you want to get autistic there is slight variation in how trackers track but you can't go wrong with finding the cheapest.
>if it drops to nothing
If the FTSE drops to nothing then I assure you that we'll have more important things to worry about.
|>>|| No. 8957
>what is called 'dollar cost averaging'
I didn't realise I was on an American imageboard. It's always been known as pound cost averaging here.
|>>|| No. 8963
Oh yes, silly me. I'd forgotten we don't use the terminology of the guy who popularised it and instead substitute our own terms from a deep seated inferiority complex.
Good thing my Little Chef is going to arrive soon so I can sober up on beef wellington and large roast potatoes.
|>>|| No. 8964
>instead substitute our own terms from a deep seated inferiority complex.
It's called pound cost averaging in Britain because we use pounds, not dollars.
|>>|| No. 8967
Depends - if you're already long CRT or FRK then everything is probably good for the next seven days. Othewise you should pull-out/sell.
|>>|| No. 8968
That's a strategy that requires giving it everything you've got to pull off.
|>>|| No. 8969
It does - but as long as your house is in order, and you're very long HOE, then everything should be okay.
|>>|| No. 8978
Leonardo Dicaprio just invested in Mosa Meat: https://mosameat.com/blog/leonardo-dicaprio-invests-in-mosa-meat.
As far as I know then the only way to get exposure to this sector is via Jim Mellon's Agronomics fund. It looks expensive -- 15% of any increase in NAV goes straight into Mellon's pocket (and that NAV comes from hard-to-value tiny private companies), but this is a hot area and unless you are a millionaire then you have no alternative.
I put £5k in a few weeks ago after listing to the Mellon interview on the Moneyweek podcast and then reading his "Moos Law". It is up 36% since then but I expect it to be more of a rollercoaster ride that a smooth trip to the moon.
It is far more interesting than my Temple Bar Investment Trust holding, which seems to be suffering from Long COVID - it has still not recovered to its pre March 2020 high.
|>>|| No. 8979
Where do you lads think I should put my paycheque now that the market's down?
A. Gamble on COP26 in November with renewables.
B. Reward an Indian fund for growth.
C. Up my arse.
Obviously the US will raise the debt as usual because it's a third-world country that doesn't do it automatically with spending precisely because of the fun it causes.
|>>|| No. 8980
Invest in a pub chain. The likes of Spoons and Marston's are about a third down on their price before last year's fall.
|>>|| No. 8985
I would work on the assumption that a takeaway presumably funds someone's growth and go for a very tasty B.
|>>|| No. 8986
I've been thinking of having a punt on an airline. Not sure which one yet though; they seem a safer bet as a recovery stock, than food & hospitality - not sure there are many obvious winners in that sector.
|>>|| No. 8987
Just bet Sainsburys. Rumours of a takeover attempt are in the works and people need food to live.
Plus I'm buying tomorrow because I shop there so they must have the right clientele.
|>>|| No. 8988
I'm a big fan of buying stocks in companies I regularly use, so that's a good shout. I've noticed the rumours though and it seems a bit late to get in now - would have been a great punt this time last year.
|>>|| No. 8989
I've said it before but Jet2 is an airline that has been building a reputation for reliability throughout the pandemic. But also someone like Ryanair simply can't be stopped.
On the other hand, perhaps looking at aviation manufacturing is the smarter bet. Airbus in particular stand to make a lot of sales in the coming years, as airlines are forced to upgrade to more efficient airframes.
|>>|| No. 8990
>I'm a big fan of buying stocks in companies I regularly use, so that's a good shout.
It's something I try to do but all the good companies have the cheek to not want my money. My Whole Earth Peanut Butter and Huel lust is maddening.
Thankfully I like McDonalds and can subtly manipulate you lot into buying their food.
|>>|| No. 8993
Widening losses, questions over the finances and the majority shareholder, time for me to go in and lose some money.
|>>|| No. 8995
I hate to play Captain Hindsight when I didn't say anything but this is why you don't touch tidal with a 10-foot pole. Swansea Bay should've been enough notice that this is a mugs game run by conmen chasing grants.
|>>|| No. 8997
Can you elaborate on this a bit? I was interested in the Swansea Bay "tidal lagoon" project when I was there, I thought it was cancelled entirely?
|>>|| No. 8999
You might want to take your share money and invest it in Private Eye.
- The owner Mark Shorrock has been caught out flat-out lying to a select committee on financial inducement for local council to approve a 'separate' quarry he bought (that incidentally would tear up Cornwall). The fact that his wife put 500k into the project as CEO of a renewables group also seemed to be nicely swept under the carpet despite it now being essentially money burnt.
- It's also been blatantly fiddled with to make a business case after nobody bought a project that would provide energy at 3 times the current market cost so the time frame was extended until it did. The fact that this is significantly more than Hinckley says something.
- When asked about the fact that tidal lagoons generate power effectively twice a day the idea was to create many, many, lagoons along the coast to maintain a baseline. Despite this actually being impossible to generate power this way over the day.
It really beggars belief. This is wood pellet incinerators by another name. This is ripping up tonnes of rock from an area of outstanding beauty, including the Manacles MCV, transporting it to the Welsh coastline, dumping said rock into the coastal ecosystem and calling it environmentally friendly, this is a project supported by the Labour party for mysterious reasons that have nothing to do with lobbying.
|>>|| No. 9002
> invest it in Private Eye
As far as I know it's still privately owned. It really should be required reading for everyone, but if you don't feel like investing share your copy with your mates. It's hands down the best print media to report on boring every-day corruption and back-hand dealing.
|>>|| No. 9009
Agreed, though it's not perfect of course. It helped to found the anti-vax movement by backing Wakefield, and in the past couple of years it's joined the establishment TERF pile-on.
The Byline Times is a strong new challenger in the field of investigative journalism.
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