ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Apr 11, 2019 10:26:16 GMT
As I painfully and slowly get out of Dodge I am, like most on here I suspect, seeking other boltholes for my very hard earned spondoolies. Always having the greatest respect for the many who are far brighter than me, it is helpful to participate on a "General and Alternative Investments" Forum which is as good as this P2P one for sharing information and advice. www.lemonfool.co.uk// and www.fool.co.uk/ are already known to me but I wonder if you Learned Lot out there hold any other similar Forums in high esteem? I need all the advice, information and comment I can get! I thank you. OzBoy, the Spanked P2P "Investor" :-)
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agent69
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Post by agent69 on Apr 11, 2019 11:00:10 GMT
Never been a fan of the Motley mob, given their ability to hold diametrically opposed views on any given subject (if todays headline is about the FTSE being about to fall by 25% then tomorrows will be why it might rise by 25%).
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r00lish67
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Post by r00lish67 on Apr 11, 2019 11:04:51 GMT
Well, it's a bit 'netmums' at times. e.g. lolz my DD wld luvv this!!!!!!!
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snowmobile
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Post by snowmobile on Apr 11, 2019 11:42:38 GMT
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macq
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Post by macq on Apr 11, 2019 12:59:46 GMT
Well, it's a bit 'netmums' at times. e.g. lolz my DD wld luvv this!!!!!!! On MSE would say the Pension and also the investment boards are not to bad also there is a discussion section on the ii homepage which i think is open to all
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james100
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Post by james100 on Apr 11, 2019 16:22:24 GMT
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hazellend
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Post by hazellend on Apr 12, 2019 8:40:50 GMT
Bogleheads is the best I think
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Vero
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Post by Vero on Apr 13, 2019 12:35:33 GMT
As I painfully and slowly get out of Dodge I am, like most on here I suspect, seeking other boltholes for my very hard earned spondoolies. ozboy I've not heard that expression in years (spondoolies/spondula), made me smile!
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macq
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Post by macq on Apr 13, 2019 12:44:26 GMT
As I painfully and slowly get out of Dodge I am, like most on here I suspect, seeking other boltholes for my very hard earned spondoolies. ozboy I've not heard that expression in years (spondoolies/spondula), made me smile! That must be the posh version it was spondolicks here in North London (or maybe it's if you've loadsamoney )
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Vero
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Post by Vero on Apr 13, 2019 12:50:18 GMT
ozboy I've not heard that expression in years (spondoolies/spondula), made me smile! That must be the posh version it was spondolicks here in North London (or maybe it's if you've loadsamoney ) macq I think it may be the/an Australian version... (I grew up in Oz and expect ozboy did too).
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macq
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Post by macq on Apr 13, 2019 13:30:45 GMT
That must be the posh version it was spondolicks here in North London (or maybe it's if you've loadsamoney ) macq I think it may be the/an Australian version... (I grew up in Oz and expect ozboy did too). Wonder which version is Queen's English?
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Post by Deleted on Apr 13, 2019 15:13:26 GMT
I used to read Motley a fair bit and Naked Trader. I slowly realised that 1) I didn't know where the advice was coming from and 2) I did not want to emulate it. But I did pick up three concepts that have made me a lot of money
1) If an investment has gone up consistently by >12% and <18% for 10 years it will manage an 11th 2) I then take the standard deviation and monitor that movement to the trend plus or minus 2 standard deviations I can see the SP stepping away from the norm and sell or watch. 3) I can't do timing andI don't believe anyone else can
eh, that's it, oh and watch the Fed's interest rate
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Post by Deleted on Apr 14, 2019 9:30:36 GMT
I really like wallstreet's advice, if I may chime in......
I spent 4 years of free time reading many investment books when I started investing full time. The best advice I received was to keep a record of all my decisions as I made them and to honestly review the results after a period to see if the process that lead to that decision made me money. There is a problem with gamblers, which is that they remember the wins but forget the loses. Using honesty to review your decisions takes away that emotional safety blanket. Advice number 2, buying is easy, selling is hard. Advice number 3, when people tell you they have a system then back test and back test again to see if it really worked and will work for you.
I lost money but I learnt a lot about me and my feelings about loss. I won money and discovered I didn't punch the air with excitement. Emotionally I am not a contrarian, not when I'm investing the money that puts food on the table.
Going full time was an easy choice but lead to hard work. Doing it part time takes a special focus, I used to do it and do it badly, if I had to do it again I would develop a strategy as outlined in my thread above. I decided that making >12% was good enough for me (before tax and life costs). I have built a portfolio that takes advantage of the UK tax system, so fill your ISAs and SIPPs, focus on sustainable growth, manage portal costs, don't trade because you have to but because your process tells you to and take your annual capital gains (and you wife's/husband's).
Good luck.
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macq
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Post by macq on Apr 14, 2019 10:02:16 GMT
I really like wallstreet's advice, if I may chime in......
I spent 4 years of free time reading many investment books when I started investing full time. The best advice I received was to keep a record of all my decisions as I made them and to honestly review the results after a period to see if the process that lead to that decision made me money. There is a problem with gamblers, which is that they remember the wins but forget the loses. Using honesty to review your decisions takes away that emotional safety blanket. Advice number 2, buying is easy, selling is hard. Advice number 3, when people tell you they have a system then back test and back test again to see if it really worked and will work for you.
I lost money but I learnt a lot about me and my feelings about loss. I won money and discovered I didn't punch the air with excitement. Emotionally I am not a contrarian, not when I'm investing the money that puts food on the table.
Going full time was an easy choice but lead to hard work. Doing it part time takes a special focus, I used to do it and do it badly, if I had to do it again I would develop a strategy as outlined in my thread above. I decided that making >12% was good enough for me (before tax and life costs). I have built a portfolio that takes advantage of the UK tax system, so fill your ISAs and SIPPs, focus on sustainable growth, manage portal costs, don't trade because you have to but because your process tells you to and take your annual capital gains (and you wife's/husband's).
Good luck.
Its interesting that i agree with both you and wallstreet on many points and much of the advice you both give in the last couple of post's,but you both also make the point about following advice on forums and then give advice.So should i follow it or not?
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Post by Ace on Apr 14, 2019 10:15:17 GMT
I really like wallstreet's advice, if I may chime in......
I spent 4 years of free time reading many investment books when I started investing full time. The best advice I received was to keep a record of all my decisions as I made them and to honestly review the results after a period to see if the process that lead to that decision made me money. There is a problem with gamblers, which is that they remember the wins but forget the loses. Using honesty to review your decisions takes away that emotional safety blanket. Advice number 2, buying is easy, selling is hard. Advice number 3, when people tell you they have a system then back test and back test again to see if it really worked and will work for you.
I lost money but I learnt a lot about me and my feelings about loss. I won money and discovered I didn't punch the air with excitement. Emotionally I am not a contrarian, not when I'm investing the money that puts food on the table.
Going full time was an easy choice but lead to hard work. Doing it part time takes a special focus, I used to do it and do it badly, if I had to do it again I would develop a strategy as outlined in my thread above. I decided that making >12% was good enough for me (before tax and life costs). I have built a portfolio that takes advantage of the UK tax system, so fill your ISAs and SIPPs, focus on sustainable growth, manage portal costs, don't trade because you have to but because your process tells you to and take your annual capital gains (and you wife's/husband's).
Good luck.
Its interesting that i agree with both you and wallstreet on many points and much of the advice you both give in the last couple of post's,but you both also make the point about following advice on forums and then give advice.So should i follow it or not? Is that question a request for advice?🤔
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