keitha
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2024, hopefully the year I get out of P2P
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Post by keitha on Jun 8, 2022 10:29:39 GMT
Not that I hold many individual shares but Shell was an excellent punt at a tenner, as usual wish I'd bought more. Unfortunately it's the only strong performer across all my investments. Bonds have been a total disaster , cash is getting better but still poor returns, even my gold miners is negative. I think the next few years may be challenging to gain a decent return . My best punt was Indivior between 2 and 3 years ago at an average of 38P. now trading at £3.26, The worst City pub Group down 50%
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Post by mostlywrong on Jun 8, 2022 10:41:43 GMT
I have changed the thread title to update it and added Michael's suggestion. I made a few changes during the past 9 months, selling some ETFs and firstly investing in 2 REITs, Supermarket and Tritax. To start with Tritax did well, gaining over 10% but Amazon saying they had expanded too fast frightened the professionals and it is now showing a loss as it trades on a discount. The Supermarket REIT began slowly but is now well up. More recently I invested in Ruffer which has performed well in previous downturns together with a gold ETF and a small investment in Scottish Mortgage which had halved in price this year, all those have gone up a small amount since purchase. I bought into Tritax (BBOX) several years ago after reading an article in, I think, the Mail on Sunday. I have done well out of it but with the price above 240p, I looked at the current yield which was <3% pa and thought "this cannot go on". I sold the tranche that I bought with much difficulty on a really bad Covid day in March some 2 years ago (to write that "the whole trading system slowed to a crawl" would be to praise it...) and more than doubled my money.
And, on a bad day in May, I bought back in at 199p. I don't get many things right but that decision looks wonderful.
Today, BBOX has dipped to 198p. It pays 4 dividends a year and yields ~3.4%. Most of the leases appear to be index-linked but they are only reviewed every 5 years. How it will fare when its supply of cheap money dries up is anyone's guess! There is some growth potential from its development arm.
I don't think that it will shoot the lights out but isn't going to go bust (unlike some of my, cough, other investments).
And, if I want to, I can drive past one of their sites on a nearby motorway. All their boxes are detailed on their website.
Two warnings because it is a REIT:
1. When it needs cash, it turns to investors, and the process is usually fairly quick, as in days. I have, previously, taken up my rights and am satisfied. 2. Dividend distributions involve PIDs. Google "British Land and PID" for a good explanation. SIPPs and ISAs - no problem. Trading accounts involve tax returns and complexity.
I looked at EBOX a couple of weeks ago, thinking that I could repeat my success.
EBOX is trying to emulate BBOX on the Continent where the move to the Internet has not been as quick.
But my broker only offers BOXE on-line (dividends paid in Euros) and I have to ring them to trade EBOX.
But they don't publish their trading desk's number...
Decisions...
MW
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easylender
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Post by easylender on Jun 10, 2022 23:06:28 GMT
Hmm. So a few of you have suggested buying the odd stock. Is there an investment strategy there? I guess it's often claimed stocks are held to be a hedge against inflation. However the current rises in energy costs and interest rates are pretty bad for business and could trigger a recession, so I'm not convinced that stocks are such a good idea just now.
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keitha
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2024, hopefully the year I get out of P2P
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Post by keitha on Jun 11, 2022 9:44:05 GMT
Still happens in Yorkshire
Until you have seen, power blackouts, inflation at above 15% and interest rates at 6%, sugar shortages and severe limits on how much money you could take out of the country you have not lived.
It makes us older people terrified of inflation coming back.
Luckily, we joined the Common market ;-)
The only difference in Yorkshire though, is that folk BUY stuff off the Rag'n' bone man LOL I remember being involved in an IT project where we were refurbishing buildings, the first 3 went nicely to plan I would goon the first day and disconnect the IT and supervise the removal guys putting it into a safe area they would then be dumping stuff into skips. So on day 3 I would go back and ensure that the revamp of the network etc had happened. For the first 3 I was surprised how much was in the skips, especially given some of it was obviously additional ( Mattresses etc ). the 4th one I turn up on day 3 and Im concerned that the skips are empty, so I go in with a little trepidation and find no the strip out has happened so I grab the builder and say Have you had more skips delivered ( Thinking it would be making a hole in the budget ) and he said no, so I say but why are they empty and he says "oh the locals took all the tables etc It's better than what they have in their houses"
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Post by bernythedolt on Jun 16, 2022 10:44:06 GMT
The only difference in Yorkshire though, is that folk BUY stuff off the Rag'n' bone man [...] and Im concerned that the skips are empty, so I go in with a little trepidation and find no the strip out has happened so I grab the builder and say Have you had more skips delivered ( Thinking it would be making a hole in the budget ) and he said no, so I say but why are they empty and he says "oh the locals took all the tables etc It's better than what they have in their houses" I'm not ashamed to admit that I've taken furniture out of my office's skip in the past, which is still in use at home to this day. It seemed so wasteful to lob out perfectly serviceable coffee tables and castor wheel computer chairs, just on somebody's fashion whim, so I 'upcycled' one of each for my own use rather than see them go to landfill. I reckon my parents lied and I was really born in Yorkshire 😁.
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mogish
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Post by mogish on Jun 17, 2022 7:04:36 GMT
Reuse is what the planet needs . Too many people buy they dont need and chuck it away months later. I've seen some good stuff at the recycling centre being thrown away cause people have changed the colour of their living room etc.
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keitha
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2024, hopefully the year I get out of P2P
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Post by keitha on Jun 17, 2022 22:36:58 GMT
Reuse is what the planet needs . Too many people buy they dont need and chuck it away months later. I've seen some good stuff at the recycling centre being thrown away cause people have changed the colour of their living room etc. One of my neighbours ( only 2 live in house ) have replaced their bed twice in 4 years. Another couple on the street replaced 3 piece suite and carpets as they changed colour scheme in the lounge The washing machine was left in the house when I moved in, It was a little noisy ( lack of use ) and I have the money put aside to replace it. But over 4 years later it is still working,and won't be replaced till it breaks. My phone is 4 years old, I would like a new battery but I'm told 50/50 the screen breaks So I will keep it going as long as possible
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markyg61
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Post by markyg61 on Jun 18, 2022 5:57:06 GMT
My Panasonic TH42PZ85B plasma TV was bought in 2009 and its still going strong. In fact I'd say the picture is better than current LED TV's ( better than OLED, no)
Coupled with a Firestick there's no need to upgrade to a modern "smart" TV
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keitha
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2024, hopefully the year I get out of P2P
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Post by keitha on Jun 18, 2022 13:49:37 GMT
Aren't plasma TV's quite energy hungry ...
I have a firestick too, currently watching old episodes of mythbusters
just reading that TV's and game consoles left on standby are 9% of average Household Consumption given that is 2900kWh for average house then 261kWh for the average house at 30pkWh £78.30 a year
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markyg61
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Post by markyg61 on Jun 18, 2022 17:58:31 GMT
Aren't plasma TV's quite energy hungry ... I have a firestick too, currently watching old episodes of mythbusters just reading that TV's and game consoles left on standby are 9% of average Household Consumption given that is 2900kWh for average house then 261kWh for the average house at 30pkWh £78.30 a year
Apparently 500w
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Post by martin44 on Jun 26, 2022 21:26:16 GMT
Reuse is what the planet needs . Too many people buy they dont need and chuck it away months later. I've seen some good stuff at the recycling centre being thrown away cause people have changed the colour of their living room etc. One of my neighbours ( only 2 live in house ) have replaced their bed twice in 4 years. Another couple on the street replaced 3 piece suite and carpets as they changed colour scheme in the lounge The washing machine was left in the house when I moved in, It was a little noisy ( lack of use ) and I have the money put aside to replace it. But over 4 years later it is still working,and won't be replaced till it breaks. My phone is 4 years old, I would like a new battery but I'm told 50/50 the screen breaks So I will keep it going as long as possible
I just changed my iphone 6 two weeks ago, bought a refurbished iphone 8 for £107, i only changed it because a few of the apps would not upgrade.... i had it 6 years, the last four years have been sim only @ 10£ a month, on my sparkly new iphone 8, ive just switched to lebara sim only at 5£ a month..... times are hard and friends are few.
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benaj
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Post by benaj on Jul 11, 2022 9:43:09 GMT
I changed the battery of an 6 year iphone last month. The complete kit with battery costs less than £20. It’s not difficult if you are willing to follow online community video.
IMHO, it’s outrageous to pay Apple £600+ for a minor repair
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adrianc
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Post by adrianc on Jul 11, 2022 10:01:50 GMT
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benaj
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Post by benaj on Jul 11, 2022 10:17:00 GMT
I probably have exaggerated a bit.
but repair cost the back of iphone13 has been “lowered.” 🤣🤣🤣
£ 566.44 for iphone13 max out of warranty
I might have dreamed £600+ repair cost somewhere in the past.
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Post by Deleted on Nov 2, 2022 15:46:31 GMT
Now that interest rates are poking up and will do for a few more years (I'm guessing 3 to 5) some interesting old style PIBs will start becoming more interesting. Don't buy them now as Tescos at 4.95% looks pretty good but the likes of SBSA, SAN, HALP will start to see their prices fall to nearer to £1 as the recession bites. Since they offer 8.5%, 10.5% and 9.4% on their face value this becomes very good income as the markets stabilise. Of course if you don't like that sort of income you can just take the capital gains. Buying opportunties only come around on these things during recessions so start reading now and monitor over the next few months
Not advice, just 20 years of experience of these things.
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