kulerucket
Member of DD Central
Posts: 336 
Likes: 93
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Post by kulerucket on Nov 10, 2017 22:31:55 GMT
cash - 24%
equities (mostly pension) - 40%
p2p - 13%
premium bonds - 6%
weird German retirement insurance: 10%
other (hard to explain without revealing too much personal information): 7%
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angrysaveruk
Member of DD Central
Say No To T.D.S
Posts: 1,334
Likes: 789
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Post by angrysaveruk on Nov 10, 2017 22:33:14 GMT
Um - that's a pretty decent market to corner When I purchased the bitcoins their only use was on the Darkweb with the Silk Road etc. I really just purchased them to see how they worked, I didnt buy anything illegal or hire any hitmen on the darkweb with them  . I acutally ended up selling them on ebay for a fraction of their current price. I was convinced that the government would outlaw their use at some point and I am still not convinced you can have a fiat currency without government backing.
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nush
Member of DD Central
Posts: 396
Likes: 113
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Post by nush on Nov 10, 2017 23:09:01 GMT
P2P 34%
S&S 53%
Cash all remaining
not including pensions, my home and few acres of land.
i think most of my work colleagues believe i have retired.
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,447
Likes: 945
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Post by stub8535 on Nov 11, 2017 11:06:39 GMT
I bought £250 of bitcoin ~4 years ago, now worth ~£40,000. Hard to cash in when it could continue to go up! Bought ethereum in June, it's been fairly flat since then (compared to bitcoin), but currently up 10%. i purchased some bitcoins a few years back but sold before they really took off. Although I regret it I didn't fully understand its worth at the time (outside of black market activities ) and I still don't. That is the problem with crypto currencies. Until you fully understand the reasons money exists to fulfil then you may find it difficult to get your head round crypto currencies. Istm that crypto currencies are uncontrolled, have no asset backing to provide a firm value, have no responsibility structure in place. If enough people believe in the kings fine clothes then what traction is the child's view that it's false going to have? None. Let us hope that work on a coin that is asset backed and not for profit comes to fruition soon.
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angrysaveruk
Member of DD Central
Say No To T.D.S
Posts: 1,334
Likes: 789
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Post by angrysaveruk on Nov 11, 2017 11:50:32 GMT
i purchased some bitcoins a few years back but sold before they really took off. Although I regret it I didn't fully understand its worth at the time (outside of black market activities ) and I still don't. That is the problem with crypto currencies. Until you fully understand the reasons money exists to fulfil then you may find it difficult to get your head round crypto currencies. Istm that crypto currencies are uncontrolled, have no asset backing to provide a firm value, have no responsibility structure in place. If enough people believe in the kings fine clothes then what traction is the child's view that it's false going to have? None. Let us hope that work on a coin that is asset backed and not for profit comes to fruition soon. I think I have a pretty good understanding of why money exists, but I do not see an equivalence between crypto currencies like bitcoin and government backed fiat currencies like sterling, dollar and euro. The argument that bitcoins are in some way similar to gold or precious metals seems even more ridiculous to me. That said as the world economy heads into totally uncharted waters bitcoins might make more sense than the debt mountain behind the digits in my bank account. Personally I would rather bet on precious metals being worth something after the coming financial reset.
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snowmobile
Member of DD Central
Posts: 230 
Likes: 448
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Post by snowmobile on Nov 11, 2017 12:34:05 GMT
Currently mine is:
P2P 25%
Equities 45% (includes 5% bonds)
Property 10% (property crowdfunding mainly, does not include own home)
Cash 20% (bank term bonds, current accounts, regular savers, NS&I index-linked bonds)
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Gruff
Posts: 63
Likes: 68
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Post by Gruff on Nov 11, 2017 13:42:29 GMT
Cash 13%
Bonds 15%
Stocks & Shares 35%
P2P 36%
Have not included house & pension. Slowly reducing P2P
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romy
Member of DD Central
Posts: 78
Likes: 41
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Post by romy on Nov 12, 2017 16:12:59 GMT
S&Shares 13
( mainly ISAs)
cash 47
( probably too much but where's best to go!)
Premium bonds 5
Peer to X 18
rental property 17
(Excluding roof over head and pension )
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
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Post by ozboy on Nov 12, 2017 16:47:07 GMT
Nearly half your "Investments" in Cash is not too much at all in these current times romy.
Cash Is King. The slight problem now with Cash of course is that inflation is going up!
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Post by Deleted on Nov 12, 2017 16:49:28 GMT
Bitcoin, based on nodes forming as you spend electricity on completing data activity. I see the dwarfs now "gold, gold gold,,,,,,"
T Pratchett rest in peace.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
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Post by ozboy on Nov 12, 2017 16:52:45 GMT
New Scientist commented recently on the vast expense and complete wastage of power in mining Bitcoin/Ethereum/Litecoin etc now.
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Post by investorman on Nov 12, 2017 18:09:37 GMT
Nearly half your "Investments" in Cash is not too much at all in these current times romy. Cash Is King. The slight problem now with Cash of course is that inflation is going up! If inflation stays at 3% you are losing a third of your spending power every decade. Holding cash (beyond an emergency fund) for any real length of time is a risk.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
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Post by ozboy on Nov 13, 2017 11:09:48 GMT
And the stock market crashing is a bigger risk, and a dead cert at some time. I guess you just do what yer gotta do from looking into your own crystal ball.  |
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hazellend
Member of DD Central
Posts: 2,363
Likes: 2,180
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Post by hazellend on Nov 13, 2017 11:39:38 GMT
And the stock market crashing is a bigger risk, and a dead cert at some time. I guess you just do what yer gotta do from looking into your own crystal ball. Sure but the stock market goes up in the long term (and if you don't believe that, then of course you wouldn't invest at all).
So you keep buying when it goes down, goes up, whatever, and just let it bubble away nicely for 30 years.
Buy an all world tracker, so you're not overexposed to the UK.
I have less than 1% of my net worth in cash. I do not like cash at all.
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Post by bluechip on Nov 13, 2017 12:40:58 GMT
After the next major re-set which I believe is imminent. I'll be all in or the stock-markets, but until that point it's wise in my opinion to stock up on the cash, or at the very least hedge your bets. Throwing a load of money into equities now, thinking that markets will go up long term may be accurate, but why take the 20-50% hit along the way? All depends on how much doom porn you digest I suppose. A lot of intelligent people believe the next one will be a real game changer, so best to keep your options open and take the little hit with inflation in my opinion - but it's all guess work as there a multitude of bubbles that could trigger it at any time. SME insolvencies are increasing in the UK, more now than at any time since 2009 I believe - 27% more businesses are suffering financial distress than this time last year in the UK - that's a good sign that something is wrong, especially as interests rates have been kept low (and this info was before the recent rate rise). Throw in Brexit, government debt, geo-political mischief everywhere you look and we have a recipe for carnage, however much the stock market is propped up at the moment I'm holding back my excess P2P money for the time being.
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. I acutally ended up selling them on ebay for a fraction of their current price. I was convinced that the government would outlaw their use at some point and I am still not convinced you can have a fiat currency without government backing.
