Home |
Search |
Today's Posts |
![]() |
|
UK diy (uk.d-i-y) For the discussion of all topics related to diy (do-it-yourself) in the UK. All levels of experience and proficency are welcome to join in to ask questions or offer solutions. |
Reply |
|
|
LinkBack | Thread Tools | Display Modes |
#1
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
Just paid £5000 for a cruise to NYC in 2018 and shoved it onto a 48 month interest free card while my cash makes 7.7% in BP share dividends. If you have a 5* credit rating, there are no end of credit cards that are clamouring for your paltry £17 transfer fee even if they don't actually make a penny in interest.
|
#2
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
On 24/10/2016 06:31, Simon Mason wrote:
Just paid £5000 for a cruise to NYC in 2018 and shoved it onto a 48 month interest free card while my cash makes 7.7% in BP share dividends. If you have a 5* credit rating, there are no end of credit cards that are clamouring for your paltry £17 transfer fee even if they don't actually make a penny in interest. If you have a good credit rating you don't need to pay a fee. |
#3
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
On Monday, 24 October 2016 09:20:20 UTC+1, dennis@home wrote:
On 24/10/2016 06:31, Simon Mason wrote: Just paid £5000 for a cruise to NYC in 2018 and shoved it onto a 48 month interest free card while my cash makes 7.7% in BP share dividends. If you have a 5* credit rating, there are no end of credit cards that are clamouring for your paltry £17 transfer fee even if they don't actually make a penny in interest. If you have a good credit rating you don't need to pay a fee. I can get a deal with no fee, but it won't stretch to 48 months. |
#4
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
Simon Mason wrote
Just paid £5000 for a cruise to NYC in 2018 and shoved it onto a 48 month interest free card while my cash makes 7.7% in BP share dividends. If you have a 5* credit rating, there are no end of credit cards that are clamouring for your paltry £17 transfer fee even if they don't actually make a penny in interest. We have the same thing and there is no transfer fee involved at all. They are hoping you will continue to use their card once the interest free period runs out and plenty just keep moving on to another one. I dont put anything on credit cards and pay the only credit card off in full every month and only use it as a last ditch backup when none of the debit card accounts have enough money in them for a transaction and the card that does an automatic sweep from the account that pays the highest interest in the country can't be used for some reason. And I never buy cruises and never by anything that far in advance either. |
#5
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
On 24/10/2016 06:31, Simon Mason wrote:
Just paid £5000 for a cruise to NYC in 2018 and shoved it onto a 48 month interest free card while my cash makes 7.7% in BP share dividends. If you have a 5* credit rating, there are no end of credit cards that are clamouring for your paltry £17 transfer fee even if they don't actually make a penny in interest. So, you have in effect borrowed £5k interest free for 4 years to invest in BP shares. That's a pretty high risk strategy. High risk = you will make lots of money some of the time and lose lots other times. |
#6
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
GB wrote
Simon Mason wrote Just paid £5000 for a cruise to NYC in 2018 and shoved it onto a 48 month interest free card while my cash makes 7.7% in BP share dividends. If you have a 5* credit rating, there are no end of credit cards that are clamouring for your paltry £17 transfer fee even if they don't actually make a penny in interest. So, you have in effect borrowed £5k interest free for 4 years to invest in BP shares. That's a pretty high risk strategy. High risk = you will make lots of money some of the time and lose lots other times. Not a high risk if you believe BP is a viable operation and presumably he does. Sure, there is SOME risk of BP being involved in something very stupid like that deep sea drilling rig blowout preventer ****up, but the risk isnt really all that great. |
#7
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
On 24/10/2016 11:38, Rod Speed wrote:
GB wrote Simon Mason wrote Just paid £5000 for a cruise to NYC in 2018 and shoved it onto a 48 month interest free card while my cash makes 7.7% in BP share dividends. If you have a 5* credit rating, there are no end of credit cards that are clamouring for your paltry £17 transfer fee even if they don't actually make a penny in interest. So, you have in effect borrowed £5k interest free for 4 years to invest in BP shares. That's a pretty high risk strategy. High risk = you will make lots of money some of the time and lose lots other times. Not a high risk if you believe BP is a viable operation and presumably he does. That's not a very sensible definition of risk, is it? Sure, there is SOME risk of BP being involved in something very stupid like that deep sea drilling rig blowout preventer ****up, but the risk isnt really all that great. There is some non-negligible risk that BP's shares could end the 4 years with no value, whilst the OP still owes £5k. There's a rather higher risk the shares could be worth say half of the debt, and so on. Of course, this needs to be viewed in the context of the OP's overall finances. He could probably repay the £5k from other assets. However you look at it, it's not free money. |
#8
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]() "GB" wrote in message ... On 24/10/2016 11:38, Rod Speed wrote: GB wrote Simon Mason wrote Just paid £5000 for a cruise to NYC in 2018 and shoved it onto a 48 month interest free card while my cash makes 7.7% in BP share dividends. If you have a 5* credit rating, there are no end of credit cards that are clamouring for your paltry £17 transfer fee even if they don't actually make a penny in interest. So, you have in effect borrowed £5k interest free for 4 years to invest in BP shares. That's a pretty high risk strategy. High risk = you will make lots of money some of the time and lose lots other times. Not a high risk if you believe BP is a viable operation and presumably he does. That's not a very sensible definition of risk, is it? No one said it was a definition of risk. Sure, there is SOME risk of BP being involved in something very stupid like that deep sea drilling rig blowout preventer ****up, but the risk isnt really all that great. There is some non-negligible risk that BP's shares could end the 4 years with no value, There isnt even the remotest possibility of that happening. whilst the OP still owes £5k. There's a rather higher risk the shares could be worth say half of the debt, BULL****. and so on. Of course, this needs to be viewed in the context of the OP's overall finances. He could probably repay the £5k from other assets. However you look at it, it's not free money. It clearly is free money. It isnt risk free money and he never said it was. |
#9
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
On 24/10/2016 12:40, Rod Speed wrote:
"GB" wrote in message ... On 24/10/2016 11:38, Rod Speed wrote: GB wrote Simon Mason wrote Just paid £5000 for a cruise to NYC in 2018 and shoved it onto a 48 month interest free card while my cash makes 7.7% in BP share dividends. If you have a 5* credit rating, there are no end of credit cards that are clamouring for your paltry £17 transfer fee even if they don't actually make a penny in interest. So, you have in effect borrowed £5k interest free for 4 years to invest in BP shares. That's a pretty high risk strategy. High risk = you will make lots of money some of the time and lose lots other times. Not a high risk if you believe BP is a viable operation and presumably he does. That's not a very sensible definition of risk, is it? No one said it was a definition of risk. Sure, there is SOME risk of BP being involved in something very stupid like that deep sea drilling rig blowout preventer ****up, but the risk isnt really all that great. There is some non-negligible risk that BP's shares could end the 4 years with no value, There isnt even the remotest possibility of that happening. whilst the OP still owes £5k. There's a rather higher risk the shares could be worth say half of the debt, BULL****. and so on. Of course, this needs to be viewed in the context of the OP's overall finances. He could probably repay the £5k from other assets. However you look at it, it's not free money. It clearly is free money. It isnt risk free money and he never said it was. Well, at least people won't die from this bit of your nonsense. |
#10
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
On Monday, 24 October 2016 10:29:47 UTC+1, GB wrote:
So, you have in effect borrowed £5k interest free for 4 years to invest in BP shares. That's a pretty high risk strategy. High risk = you will make lots of money some of the time and lose lots other times. Bought £50000 in BP shares on 14JUN16, sold them for £4.93 today. £19000 profit + £1000 divis = £20000. https://pbs.twimg.com/media/CvWDhGUWEAArWYo.jpg |
#11
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
On Monday, 24 October 2016 11:38:54 UTC+1, Rod Speed wrote:
Not a high risk if you believe BP is a viable operation and presumably he does. Sure, there is SOME risk of BP being involved in something very stupid like that deep sea drilling rig blowout preventer ****up, but the risk isnt really all that great. I sold every BP share I possessed on 22APR10 for £6-22 and made £40000 - a few weeks later they were £2-96. Made another bomb buying a shedload back at £3-00 and selling them later at £5-00. |
#12
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
On 24/10/2016 14:09, Simon Mason wrote:
On Monday, 24 October 2016 10:29:47 UTC+1, GB wrote: So, you have in effect borrowed £5k interest free for 4 years to invest in BP shares. That's a pretty high risk strategy. High risk = you will make lots of money some of the time and lose lots other times. Bought £50000 in BP shares on 14JUN16, sold them for £4.93 today. £19000 profit + £1000 divis = £20000. https://pbs.twimg.com/media/CvWDhGUWEAArWYo.jpg Tremendous. Well done. Nevertheless, the point about free money is not right, as it ignores the investment risk. |
#13
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
In article ,
Simon Mason wrote: On Monday, 24 October 2016 10:29:47 UTC+1, GB wrote: So, you have in effect borrowed £5k interest free for 4 years to invest in BP shares. That's a pretty high risk strategy. High risk = you will make lots of money some of the time and lose lots other times. Bought £50000 in BP shares on 14JUN16, sold them for £4.93 today. £19000 profit + £1000 divis = £20000. https://pbs.twimg.com/media/CvWDhGUWEAArWYo.jpg less Capital Gains Tax -- from KT24 in Surrey, England |
#14
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
On 24/10/2016 12:45, GB wrote:
On 24/10/2016 12:40, Rod Speed wrote: "GB" wrote in message ... On 24/10/2016 11:38, Rod Speed wrote: GB wrote Simon Mason wrote Just paid £5000 for a cruise to NYC in 2018 and shoved it onto a 48 month interest free card while my cash makes 7.7% in BP share dividends. If you have a 5* credit rating, there are no end of credit cards that are clamouring for your paltry £17 transfer fee even if they don't actually make a penny in interest. So, you have in effect borrowed £5k interest free for 4 years to invest in BP shares. That's a pretty high risk strategy. High risk = you will make lots of money some of the time and lose lots other times. Not a high risk if you believe BP is a viable operation and presumably he does. That's not a very sensible definition of risk, is it? No one said it was a definition of risk. Sure, there is SOME risk of BP being involved in something very stupid like that deep sea drilling rig blowout preventer ****up, but the risk isnt really all that great. There is some non-negligible risk that BP's shares could end the 4 years with no value, There isnt even the remotest possibility of that happening. whilst the OP still owes £5k. There's a rather higher risk the shares could be worth say half of the debt, BULL****. and so on. Of course, this needs to be viewed in the context of the OP's overall finances. He could probably repay the £5k from other assets. However you look at it, it's not free money. It clearly is free money. It isnt risk free money and he never said it was. Well, at least people won't die from this bit of your nonsense. January was a good month to buy Oil company and resource shares. Those who took the contrarian view to invest in Shell, BP, BHP, Ferrexpo, Fresnillo, Hochschild, Anglo American and Randgold resources will have comfortably doubled their money by June 23rd. Then on June 25th they will have added another 30% in just one day. |
#15
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
On Monday, 24 October 2016 14:32:28 UTC+1, GB wrote:
They will be £6-00 in a few months once oil goes north of $60. So, why did you sell at £4.93? I had set a ceiling of £5-00 to sell and that was near enough. I believe in the trade it is called "profit taking". |
#16
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
On 24/10/2016 14:16, GB wrote:
On 24/10/2016 14:09, Simon Mason wrote: On Monday, 24 October 2016 10:29:47 UTC+1, GB wrote: So, you have in effect borrowed £5k interest free for 4 years to invest in BP shares. That's a pretty high risk strategy. High risk = you will make lots of money some of the time and lose lots other times. Bought £50000 in BP shares on 14JUN16, sold them for £4.93 today. £19000 profit + £1000 divis = £20000. https://pbs.twimg.com/media/CvWDhGUWEAArWYo.jpg Tremendous. Well done. Nevertheless, the point about free money is not right, as it ignores the investment risk. Massive oil company shares are totally under the control of the oil price and the value of the US dollar. Weak Dollar = Strong commodities (and oil) Strong Dollar = Weak commodities (and oil). Just watching the £/USD FX rate gives you a good idea of when to buy/sell oily shares. In Jun 2014 you got £1.70 for a dollar and RDSB share price was over £26. Good time to sell and move into airline shares. IAG was about £3 at that time, by Jun 2015, IAG shares were £6 and oil while commodity shares were sliding and hit a low point in Feb 2016, when you could buy RDSB shares for just over £12 and BP shares just over £3. They were £22 and £5 early in July 16. Don't forget CGT on your £19,000 profit. £11,000 is tax free but you will have to pay 10% on the other £8,000, unless your total income puts you into higher rate tax, when the rate will be 20%. |
#17
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
On 24/10/2016 11:38, Rod Speed wrote:
GB wrote Simon Mason wrote Just paid £5000 for a cruise to NYC in 2018 and shoved it onto a 48 month interest free card while my cash makes 7.7% in BP share dividends. If you have a 5* credit rating, there are no end of credit cards that are clamouring for your paltry £17 transfer fee even if they don't actually make a penny in interest. So, you have in effect borrowed £5k interest free for 4 years to invest in BP shares. That's a pretty high risk strategy. High risk = you will make lots of money some of the time and lose lots other times. Not a high risk if you believe BP is a viable operation and presumably he does. Sure, there is SOME risk of BP being involved in something very stupid like that deep sea drilling rig blowout preventer ****up, but the risk isnt really all that great. BP didn't do that anyway it was the American subcontractor that did. |
#18
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
On 24/10/2016 14:13, Simon Mason wrote:
On Monday, 24 October 2016 11:38:54 UTC+1, Rod Speed wrote: Not a high risk if you believe BP is a viable operation and presumably he does. Sure, there is SOME risk of BP being involved in something very stupid like that deep sea drilling rig blowout preventer ****up, but the risk isnt really all that great. I sold every BP share I possessed on 22APR10 for £6-22 and made £40000 - a few weeks later they were £2-96. Made another bomb buying a shedload back at £3-00 and selling them later at £5-00. But if you had put half into the Fundsmith fund it would be worth 2.5 times now what you paid in 2010. And buying house builders like Barratt and Taylor Wimpey in August 2011 would have multiplied your money by 5 by 2015. If you had bought shares in Ashtead in August 2011 for just over £1 would have seen a 13 times return by mid 2015. And dull companies like Avon rubber could have been picked up for about 40p per share in 2009 but reached £13+ by 2015. It's a common mistake for people working in a particular sector to only buy shares in companies that know about, although sometimes it works in their favour (by luck). Some staff had all their money in Railtrack shares in 2001. bad move. Ditto Enron. In 1992 I was a software engineer at a fire alarm co designing and writing the code for a new analogue addressable fire panel. The sensors were Apollo 95 series and the data sheet said it was a member of the Halma group of companies. Halma started out as a Ceylonese tea plantation but is now a conglomerate of engineering companies. I bought 2,000 in 2001 and added more and more and reinvested the dividends. Finally by 2011 Halma was getting 'mentions' in the financial press as a reliable dividend player with a 30+ year history of increasing dividends (one of the things to look for). Halma shares are now £10+. Most of my adhoc purchases were £1.05, 96p and £1.81 |
#19
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
On Mon, 24 Oct 2016 09:20:18 +0100, dennis@home wrote:
On 24/10/2016 06:31, Simon Mason wrote: Just paid £5000 for a cruise to NYC in 2018 and shoved it onto a 48 month interest free card while my cash makes 7.7% in BP share dividends. If you have a 5* credit rating, there are no end of credit cards that are clamouring for your paltry £17 transfer fee even if they don't actually make a penny in interest. If you have a good credit rating you don't need to pay a fee. And therein may lie Mr Mason's problem. WTF Has this to do with d-i-y. |
#20
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
On Mon, 24 Oct 2016 06:13:18 -0700 (PDT), Simon Mason
wrote: On Monday, 24 October 2016 11:38:54 UTC+1, Rod Speed wrote: Not a high risk if you believe BP is a viable operation and presumably he does. Sure, there is SOME risk of BP being involved in something very stupid like that deep sea drilling rig blowout preventer ****up, but the risk isnt really all that great. I sold every BP share I possessed on 22APR10 for £6-22 and made £40000 - a few weeks later they were £2-96. Made another bomb buying a shedload back at £3-00 and selling them later at £5-00. Crikey - you really are rich aren't you. We are very, very impressed. |
#21
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
On Mon, 24 Oct 2016 06:09:49 -0700 (PDT), Simon Mason
wrote: On Monday, 24 October 2016 10:29:47 UTC+1, GB wrote: So, you have in effect borrowed £5k interest free for 4 years to invest in BP shares. That's a pretty high risk strategy. High risk = you will make lots of money some of the time and lose lots other times. Bought £50000 in BP shares on 14JUN16 Crikey - we do of course believe you. I always think that when people share such things on newsgroups - then they have made it up. Why on earth do such saddos think that will be believed - and why do they think they need to share it. Must go - I want to buy £60,000 of BP shares - I'll sell them tomorrow for a fortune. |
#22
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
On Mon, 24 Oct 2016 07:58:24 -0700 (PDT), Simon Mason
wrote: On Monday, 24 October 2016 14:32:28 UTC+1, GB wrote: They will be £6-00 in a few months once oil goes north of $60. So, why did you sell at £4.93? I had set a ceiling of £5-00 to sell and that was near enough. I believe in the trade it is called "profit taking". I think it may be called : "making things up" |
#23
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
On 24 Oct 2016 15:29:04 GMT, Huge wrote:
On 2016-10-24, charles wrote: In article , Simon Mason wrote: On Monday, 24 October 2016 10:29:47 UTC+1, GB wrote: So, you have in effect borrowed £5k interest free for 4 years to invest in BP shares. That's a pretty high risk strategy. High risk = you will make lots of money some of the time and lose lots other times. Bought £50000 in BP shares on 14JUN16, sold them for £4.93 today. £19000 profit + £1000 divis = £20000. https://pbs.twimg.com/media/CvWDhGUWEAArWYo.jpg less Capital Gains Tax Not that it's actually true. Now come on. Mr Mason has really impressed us over the years in the cycling newsgroup with his business acumen - there is no reason to disbelieve this story ;-) I wonder why he shared it with us? |
#24
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
On Monday, 24 October 2016 16:14:59 UTC+1, Andrew wrote:
On 24/10/2016 14:13, Simon Mason wrote: On Monday, 24 October 2016 11:38:54 UTC+1, Rod Speed wrote: Not a high risk if you believe BP is a viable operation and presumably he does. Sure, there is SOME risk of BP being involved in something very stupid like that deep sea drilling rig blowout preventer ****up, but the risk isnt really all that great. I sold every BP share I possessed on 22APR10 for £6-22 and made £40000 - a few weeks later they were £2-96. Made another bomb buying a shedload back at £3-00 and selling them later at £5-00. But if you had put half into the Fundsmith fund it would be worth 2.5 times now what you paid in 2010. When Google came out in 2004, I could see that it would wipe the floor with Alta Vista et al and could have been a millionaire by now, but I stuck with the oil business as it is my own speciality. |
#25
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
On 24/10/2016 16:29, Huge wrote:
On 2016-10-24, charles wrote: In article , Simon Mason wrote: On Monday, 24 October 2016 10:29:47 UTC+1, GB wrote: So, you have in effect borrowed £5k interest free for 4 years to invest in BP shares. That's a pretty high risk strategy. High risk = you will make lots of money some of the time and lose lots other times. Bought £50000 in BP shares on 14JUN16, sold them for £4.93 today. £19000 profit + £1000 divis = £20000. https://pbs.twimg.com/media/CvWDhGUWEAArWYo.jpg less Capital Gains Tax Not that it's actually true. And responding to trolls demonstrates gigantic intellect? -- Dave - The Medway Handyman |
#26
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
On 24/10/2016 16:56, Judith wrote:
On Mon, 24 Oct 2016 06:13:18 -0700 (PDT), Simon Mason wrote: On Monday, 24 October 2016 11:38:54 UTC+1, Rod Speed wrote: Not a high risk if you believe BP is a viable operation and presumably he does. Sure, there is SOME risk of BP being involved in something very stupid like that deep sea drilling rig blowout preventer ****up, but the risk isnt really all that great. I sold every BP share I possessed on 22APR10 for £6-22 and made £40000 - a few weeks later they were £2-96. Made another bomb buying a shedload back at £3-00 and selling them later at £5-00. Crikey - you really are rich aren't you. We are very, very impressed. He is considerably more richer than yow.... -- Dave - The Medway Handyman |
#27
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
On Monday, 24 October 2016 09:20:20 UTC+1, dennis@home wrote:
On 24/10/2016 06:31, Simon Mason wrote: Just paid £5000 for a cruise to NYC in 2018 and shoved it onto a 48 month interest free card while my cash makes 7.7% in BP share dividends. If you have a 5* credit rating, there are no end of credit cards that are clamouring for your paltry £17 transfer fee even if they don't actually make a penny in interest. If you have a good credit rating you don't need to pay a fee. Just checked - I paid no fee at all. https://pbs.twimg.com/media/CvjVz_IWIAIem3s.jpg |
#28
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]() "GB" wrote in message ... On 24/10/2016 12:40, Rod Speed wrote: "GB" wrote in message ... On 24/10/2016 11:38, Rod Speed wrote: GB wrote Simon Mason wrote Just paid £5000 for a cruise to NYC in 2018 and shoved it onto a 48 month interest free card while my cash makes 7.7% in BP share dividends. If you have a 5* credit rating, there are no end of credit cards that are clamouring for your paltry £17 transfer fee even if they don't actually make a penny in interest. So, you have in effect borrowed £5k interest free for 4 years to invest in BP shares. That's a pretty high risk strategy. High risk = you will make lots of money some of the time and lose lots other times. Not a high risk if you believe BP is a viable operation and presumably he does. That's not a very sensible definition of risk, is it? No one said it was a definition of risk. Sure, there is SOME risk of BP being involved in something very stupid like that deep sea drilling rig blowout preventer ****up, but the risk isnt really all that great. There is some non-negligible risk that BP's shares could end the 4 years with no value, There isnt even the remotest possibility of that happening. whilst the OP still owes £5k. There's a rather higher risk the shares could be worth say half of the debt, BULL****. and so on. Of course, this needs to be viewed in the context of the OP's overall finances. He could probably repay the £5k from other assets. However you look at it, it's not free money. It clearly is free money. It isnt risk free money and he never said it was. Well, at least people won't die from this bit of your nonsense. Plenty wont end up with completely unnecessary incontinence and impotence from the other either. Yours is the nonsense on risk. |
#29
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
GB wrote
On 24/10/2016 14:09, Simon Mason wrote: On Monday, 24 October 2016 10:29:47 UTC+1, GB wrote: So, you have in effect borrowed £5k interest free for 4 years to invest in BP shares. That's a pretty high risk strategy. High risk = you will make lots of money some of the time and lose lots other times. Bought £50000 in BP shares on 14JUN16, sold them for £4.93 today. £19000 profit + £1000 divis = £20000. https://pbs.twimg.com/media/CvWDhGUWEAArWYo.jpg Tremendous. Well done. Nevertheless, the point about free money is not right, as it ignores the investment risk. The free money is about the cost of the money, not the risk with what is done with that free money. He clearly knows what he is doing risk wise. Sure, he might get it wrong at times too, but that is irrelevant to the cost of the money he uses to do that. |
#30
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
Simon Mason wrote
GB wrote They will be £6-00 in a few months once oil goes north of $60. So, why did you sell at £4.93? I had set a ceiling of £5-00 to sell and that was near enough. Doesnt explain why you set a ceiling of £5-00 when you believe it will go to £6-00 in a few months once oil goes north of $60. I believe in the trade it is called "profit taking". Irrelevant to why you did that. |
#31
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]() "pamela" wrote in message ... On 18:00 24 Oct 2016, Simon Mason wrote: On Monday, 24 October 2016 16:14:59 UTC+1, Andrew wrote: On 24/10/2016 14:13, Simon Mason wrote: On Monday, 24 October 2016 11:38:54 UTC+1, Rod Speed wrote: Not a high risk if you believe BP is a viable operation and presumably he does. Sure, there is SOME risk of BP being involved in something very stupid like that deep sea drilling rig blowout preventer ****up, but the risk isnt really all that great. I sold every BP share I possessed on 22APR10 for £6-22 and made £40000 - a few weeks later they were £2-96. Made another bomb buying a shedload back at £3-00 and selling them later at £5-00. But if you had put half into the Fundsmith fund it would be worth 2.5 times now what you paid in 2010. When Google came out in 2004, I could see that it would wipe the floor with Alta Vista et al and could have been a millionaire by now, but I stuck with the oil business as it is my own speciality. What could you see in Google back then that told you it would beat Alta Vista? Did a much better job of ending up with the most useful hits on the first page with most searches. |
#32
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
On Monday, 24 October 2016 22:16:35 UTC+1, Rod Speed wrote:
What could you see in Google back then that told you it would beat Alta Vista? Did a much better job of ending up with the most useful hits on the first page with most searches. Yes - it seemed to "know" what you were searching for and came up with far more useful hits than anything else at the time. I told my workmates who had never heard of it as they used Ask Jeeves etc. |
#33
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]() "pamela" wrote in message ... On 22:16 24 Oct 2016, Rod Speed wrote: "pamela" wrote in message ... On 18:00 24 Oct 2016, Simon Mason wrote: On Monday, 24 October 2016 16:14:59 UTC+1, Andrew wrote: On 24/10/2016 14:13, Simon Mason wrote: On Monday, 24 October 2016 11:38:54 UTC+1, Rod Speed wrote: Not a high risk if you believe BP is a viable operation and presumably he does. Sure, there is SOME risk of BP being involved in something very stupid like that deep sea drilling rig blowout preventer ****up, but the risk isnt really all that great. I sold every BP share I possessed on 22APR10 for £6-22 and made £40000 - a few weeks later they were £2-96. Made another bomb buying a shedload back at £3-00 and selling them later at £5-00. But if you had put half into the Fundsmith fund it would be worth 2.5 times now what you paid in 2010. When Google came out in 2004, I could see that it would wipe the floor with Alta Vista et al and could have been a millionaire by now, but I stuck with the oil business as it is my own speciality. What could you see in Google back then that told you it would beat Alta Vista? Did a much better job of ending up with the most useful hits on the first page with most searches. I remember Alta Vista had poorer response times. Sure, but that wasn’t the reason so many of us chose to change to google. |
#34
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
En el artículo , pamela
escribió: I remember Alta Vista had poorer response times. I fondly remember altavista.digital.com, but Google wiped the floor with it when it launched. This'll ring bells: https://upload.wikimedia.org/wikiped...vista-logo.png I did see a pic once years ago of the machine (built on DEC AlphaServers in a cluster) that was AltaVista, but haven't been able to find it again since. It was cube-shaped, about the size of 8 washing machines stacked 2x2x2. It probably ran VMS initially, then OSF/1, which became Digital UNIX, which became Compaq Tru64 UNIX. https://en.wikipedia.org/wiki/Talk%3AAltaVista -- (\_/) (='.'=) systemd: the Linux version of Windows 10 (")_(") |
#35
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
On Monday, 24 October 2016 21:50:05 UTC+1, Rod Speed wrote:
Simon Mason wrote GB wrote They will be £6-00 in a few months once oil goes north of $60. So, why did you sell at £4.93? I had set a ceiling of £5-00 to sell and that was near enough. Doesnt explain why you set a ceiling of £5-00 when you believe it will go to £6-00 in a few months once oil goes north of $60. £4-64 today. http://www.bbc.co.uk/news/business-37832575 Nice little earner. |
#36
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
Simon Mason wrote
On Monday, 24 October 2016 21:50:05 UTC+1, Rod Speed wrote: Simon Mason wrote GB wrote They will be £6-00 in a few months once oil goes north of $60. So, why did you sell at £4.93? I had set a ceiling of £5-00 to sell and that was near enough. Doesnt explain why you set a ceiling of £5-00 when you believe it will go to £6-00 in a few months once oil goes north of $60. £4-64 today. You had no way of knowing that. http://www.bbc.co.uk/news/business-37832575 Nice little earner. |
#37
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
On Wednesday, 2 November 2016 09:27:46 UTC, Rod Speed wrote:
Simon Mason wrote On Monday, 24 October 2016 21:50:05 UTC+1, Rod Speed wrote: Simon Mason wrote GB wrote They will be £6-00 in a few months once oil goes north of $60.. So, why did you sell at £4.93? I had set a ceiling of £5-00 to sell and that was near enough. Doesnt explain why you set a ceiling of £5-00 when you believe it will go to £6-00 in a few months once oil goes north of $60. £4-64 today. You had no way of knowing that. Been at it for 30 years, Pal. |
#38
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]() "Simon Mason" wrote in message ... On Wednesday, 2 November 2016 09:27:46 UTC, Rod Speed wrote: Simon Mason wrote On Monday, 24 October 2016 21:50:05 UTC+1, Rod Speed wrote: Simon Mason wrote GB wrote They will be £6-00 in a few months once oil goes north of $60. So, why did you sell at £4.93? I had set a ceiling of £5-00 to sell and that was near enough. Doesnt explain why you set a ceiling of £5-00 when you believe it will go to £6-00 in a few months once oil goes north of $60. £4-64 today. You had no way of knowing that. Been at it for 30 years, Pal. I've been doing it since before you were even born thanks, pal. And know that unless you say in advance what its going to do, its easy to claim that you knew it was going to do that after it has. We can see that you didnt say that when I asked the original question. |
#39
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]()
On Wednesday, 2 November 2016 09:49:21 UTC, Rod Speed wrote:
"Simon Mason" wrote in message ... On Wednesday, 2 November 2016 09:27:46 UTC, Rod Speed wrote: Simon Mason wrote On Monday, 24 October 2016 21:50:05 UTC+1, Rod Speed wrote: Simon Mason wrote GB wrote They will be £6-00 in a few months once oil goes north of $60. So, why did you sell at £4.93? I had set a ceiling of £5-00 to sell and that was near enough. Doesnt explain why you set a ceiling of £5-00 when you believe it will go to £6-00 in a few months once oil goes north of $60.. £4-64 today. You had no way of knowing that. Been at it for 30 years, Pal. I've been doing it since before you were even born thanks, pal. Wow, since I was born in 1958, you must have been at it before WWII. Hope you invested in GM, Ford, Boeing and General Electric. You'd have been able to retire in 1950 when you were 34. |
#40
![]()
Posted to uk.d-i-y
|
|||
|
|||
![]() "Simon Mason" wrote in message ... On Wednesday, 2 November 2016 09:49:21 UTC, Rod Speed wrote: "Simon Mason" wrote in message ... On Wednesday, 2 November 2016 09:27:46 UTC, Rod Speed wrote: Simon Mason wrote On Monday, 24 October 2016 21:50:05 UTC+1, Rod Speed wrote: Simon Mason wrote GB wrote They will be £6-00 in a few months once oil goes north of $60. So, why did you sell at £4.93? I had set a ceiling of £5-00 to sell and that was near enough. Doesnt explain why you set a ceiling of £5-00 when you believe it will go to £6-00 in a few months once oil goes north of $60. £4-64 today. You had no way of knowing that. Been at it for 30 years, Pal. I've been doing it since before you were even born thanks, pal. Wow, since I was born in 1958, you must have been at it before WWII. You clearly can't manage even the most basic arithmetic. Hope you invested in GM, Ford, Boeing and General Electric. I invested in our mining boom instead thanks. And did much better out of that. You'd have been able to retire in 1950 when you were 34. I dont retire based on how much money I have accumulated. |
Reply |
|
Thread Tools | Search this Thread |
Display Modes | |
|
|
![]() |
||||
Thread | Forum | |||
Free and very Safe: Use avast free antivirus to protect your PC andsave your Money | Home Repair | |||
FREE MONEY for your Home Improvement | Home Repair | |||
Free MONEY! FAST! | Home Repair | |||
You Want FREE Money For sure? | UK diy | |||
Free Money Rip-Offs | Home Ownership |