moogman
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Post by moogman on Jan 26, 2018 7:55:34 GMT
has anyone tried the student flat investments with people like emergingproperty.co.uk? I spoke with a chap there last week, telling him that our main worry is how easy it would be to sell the investment and get our capital back, and he said that people always sell at a slight profit, as well as getting their 8 -10% p/a returns. We're not sure whether to dive in or not. Wouldn't touch 'em with a bargepole! Typically they are leasehold (which incurs a yearly rent), and a management charge (that can be significant). Some do "guarantee" you certain returns for a couple of years, and you have you ask why they do that - Surely the investment stands on its own without these sorts of incentives. Too expensive to purchase; Your 'guaranteed' rent 8% is net of fees; Your 'guaranteed' rent will drop after a few years; Illiquid market, so selling may/will be difficult.
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moogman
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Post by moogman on Jan 17, 2018 7:44:30 GMT
banks/financial institutions are using Ripple technology in some way. Almost none of them are using XRP Nailed it!
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moogman
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Post by moogman on Jan 16, 2018 19:56:54 GMT
There will only ever be 21 million bitcoins - By ~2150, all will be found/mined.
Due to the fixed supply, and the controlled 'release', there is built-in deflation, and this leads to interesting conclusions if you research/think/know enough about economics!
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moogman
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Post by moogman on Jan 13, 2018 15:55:18 GMT
It might be worth pointing out that when the music stops, everyone will take their chairs with them, so there will be nowhere to sit and you'll be stuck holding the gone off hot potato.
It's less of an issue if you holding currency directly (heck, you will 'only' lose 100% of your investments. But if you're doing margin trading then you would be well advised to take at when the Swiss bank unpegged CHF against EUR. Some people were literally hundreds of thousands in debt because they couldn't close out their highly leveraged trades.
Apologies if this is old news to you all, which I'm sure it is!
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moogman
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Post by moogman on Jan 13, 2018 15:32:01 GMT
Yes I must say this is very similar to that of the mtgox case, where things went a bit hairy, followed by a complete blackout. It certainly doesn't help that the exchange was 'reassuring' people that "funds are still safe", even though it was the trading engine that was being upgraded.
Regardless of the exchange that you use, you do need to keep your coins in an offline wallet, to protect from outage/hacks etc. If you are actively trading then (IMO) you should still keep 80%+ of your funds offline to protect your downside risk.
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I see the benefit in blockchain, mainly because it allows verifiable remote contracts. I see it creeping into everything type as engineers realise they need a contract for provability.
I'm yet to be convinced on the direct currency or banking potential, though am speculating a small amount for fun and profit!
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moogman
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Post by moogman on Dec 28, 2017 21:39:28 GMT
So my payments on account will probably be too high. If this is true, I assume that I should have a much smaller bill next January. If you think your income next year will be less than the threshold needed for payments on account, you can apply to reduce/remove them. There's an option in the online tax portal to do this, or you can ask your accountant to do it for you.
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moogman
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Post by moogman on Dec 2, 2017 9:12:47 GMT
Does anyone else long for the days when Saving Stream used to pay interest on overdue loans? There are so many defaulted loans nowadays that my monthly payments are about a third down on where they would have been under the old rules. Luxury! I barely get 50% of my original interest levels. In addition, I've drawn down more than half my original amount, so my monthly interest is a pittance compared to what it once was. Finally down to double-figure monthly interest payments
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moogman
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Post by moogman on Nov 27, 2017 14:20:55 GMT
Indeed, from a daytrading perspectice (forex and indices), it is (well should be, else you won't last long!) employed on every singe trade.
From a statistical perspective, the variables to consider are Risk-vs-Reward and win rates. For example a 50% win rate would need a 2:1 reward:risk to break-even in the long run; Any better than 50% or a better reward:risk would make a trading strategy profitable.
Aside from daytrading, I've employed it for one specific high-growth US tech share - Bought in ~$100, with a stop at ~$80. Fast-forward a few months, and I was able to move the stop-loss up past $100... Fast forward a few years, and continued trailing my stop-loss at the 100 daily MA (simple moving average) level, this was an extremely profitable strategy and ultimately bagged me more than 10x when the price "dropped" back to the stop-loss.
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moogman
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Post by moogman on Nov 27, 2017 11:27:05 GMT
The aim is to sell above the price you paid but hit the stop on a fall. For example if I invest 10k and it rises to 11k . Then even more stupid question comes-what if it did not go to 11 k but go straight to 9 🙄 You would lose 10-9k = 1k, as your stop loss has limited the loss that you take. Without a stop loss, the price may continue falling and you'd lose even more money. In an ideal case, you would initially set your stop loss lower (9k) than your original entry (10k). But then when (if) a price rise happens, you can now raise your stop loss to 10k, and now worst-case you sell at 10k thus breaking even. After which point you can "manage your trade" and keep incrementing your stop loss over time, until it stops you out.
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moogman
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Post by moogman on Nov 17, 2017 8:49:07 GMT
I think I made the right decision at the time given my understanding of the story, but with hindsight I obviously made the wrong decision. I regret not having invested - it's not a science . Watch out for that hindsight bias, else you might make that mistake in the future. It's probable that, knowing what you knew at the time it was the right decision again. If you had the same set of data in a new circumstance, you can't let the "what ifs" bias your conclusion. Incidentally, this is a very typical pattern of a new Forex daytrader (90% of which lose money, I hear). Thanks for the insight, and good info RE:P&L and Balance Sheet. One additional point: * Lack of profit isn't necessarily a problem. The company could be going through explosive growth, and decide to use what would be profit to reinvent for growth. Taking profits too early can lose you a competitive advantage. * On the flip side therefore, profit doesn't automatically mean success. It's relatively easy to show a profit if you have access to finance. The P&L can be made to look great. BUT! The Balance Sheet then starts to smell (eg high liabilities). Equally, the Balance Sheet can look great but the P&L looks poor (eg a huge net loss to service outstanding liabilities, padding the Balance Sheet out). So, as others said, one without the other is only half of the picture - And you won't know what nasties are pushed into the hidden half. Finally, WRT Balance Sheets. Could we be bold enough to say - If there is a significant asset column (one that grows YOY), and a tiny liability column, then we can infer that the company can probably make a long term profit if it chose to?
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moogman
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Posts: 76
Likes: 90
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Post by moogman on Nov 14, 2017 14:03:41 GMT
If you google for 'FIRE' (financial independence, retire early) you can find lots of motivating blogs in a similar vein to this one. Indeed, 44 is about average performance under FIRE. I've aimed at FIRE for the last couple of years, will be able to "hit the trigger" in FIRE speak (quit the job) in early 2018... Much of the thinking is minimalism: Get shot of much of those things you don't really need: The fancy car (get a bike), the surplus rooms in your house (downsize and pay off the mortgage), the fancy food (eat beans, legumes and other cheap staples), buy quality flexible equipment to last instead of crappy one-use utensils, don't bother with wasteful holidays, TV subscriptions and other such superfluory. Whether you choose to is an entirely different matter :-). Whether you change your mind at FIRE time is another matter. Personally, I love the freedom it (almost) gives me - People call it F.U. Money :-)
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moogman
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Likes: 90
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Post by moogman on Nov 10, 2017 9:12:26 GMT
If it looks like a default, and smells like a default...
While my holding is now less than 40% of my peak holdings in SS/LY, it will be interesting to see what happens over the term - I suspect in some part, the fault doesn't lie fully with Lendy (that's about as nice as I can stretch to be on this platform!) and other platforms will see some amount of default-creep too.
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moogman
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Post by moogman on Nov 10, 2017 9:05:32 GMT
Nice work indeed COL - Good, appropriately frequent comms in the meantime, and a fairly swift recovery all in all. Let's hope for the same next time ;-)
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moogman
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Post by moogman on Nov 10, 2017 9:00:47 GMT
Aside from the questions of where it should be located, access and so on, I'm glad to see an "accessible" forum for more transparent DD information - Nice job :-)
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moogman
Member of DD Central
Posts: 76
Likes: 90
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Post by moogman on Aug 5, 2017 10:47:33 GMT
Indeed. At least we can't complain about a bunged up SM ;-)
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