How many got out of Property...and into Shares ;-(

jebervic

PasturesNew wrote: »

I'd have loved to buy/sell some shares. I thought about £2k's worth. But, to be honest, I've not worked out how to buy/sell them myself so never got round to it.

I was offered the chance to buy one of those shares ISA thingies in March, but I didn't want them to be choosing which sharesand I don't really have the spare money to be in it for the long-term for thousands.

I just fancied a bit of fun with about £2k, seeing if I could make a few bob. Sort of a hobby.

Try

www.selftrade.co.uk

ry easy to do

ManAtHome

Some people bought more baskets and more eggs, some bought a load of new eggs and a new basket, some bought even more eggs for their existing basket - the first group are probably doing ok...

sabretoothtigger

If you did actually do this I would say you havent lost anything till you actually have to sell and you wont have the money back for 5, 10, 15 years maybe but in theory you've not lost it. Your best bet is to increase your income and invest in crashed shares and follow through on your mistake

turbobob

Jennifer_Jane wrote: »

I assume you mean stockbroker not 'Advisor' as in Financial Advisor, as Financial Advisors don't deal in shares or advise on them (they do advise on Unit Trusts etc, but not on shares).

And everyone always knows that the 'price of (whatever) can go down as well as up and you may not get back the amount you paid in' Caveat Emptor (and this is from someone who lost some money on the dot.com bubble).

Jen
x

Yes you are right an IFA or a tied advisor could not give advice on shares. I'm fairly sure no stockbroker would advise anyone to put everything in one company either. When you have a decent amount of cash, there is no shortage of people willing to give unofficial "advice" on what to do with it though, be it family and friends, or maybe even professionals like solicitors and accountants. Or so I've been told

ManAtHome

Or you could have invested in 'dodgy' bad habit and utility shares...
http://www.iii.co.uk/investment/detail?type=chart&display=chart&code=cotn%3ABATS.L&it=le&timeframe=5y3&index=&versus=&linetype=line&Go=Plot+&overlay=&overlay2=&overlay3=&overlay4=&indicator=&indicator2=&indicator3=&indicator4=&chartwidth=500
http://www.iii.co.uk/investment/detail?type=chart&display=chart&code=cotn%3ANG-.L&it=le&timeframe=5y3&index=&versus=&linetype=line&Go=Plot+&overlay=&overlay2=&overlay3=&overlay4=&indicator=&indicator2=&indicator3=&indicator4=&chartwidth=500

Obviously if you had any sense, you'd have bought off-plan flats instead (a bit like bank shares but with monthly payments and no quick exit).

tomstickland

The OP is/was a prominent house price growth cheerleader. Maybe someone will dig some of the posts out from a year or two ago.

hearts

tomstickland wrote: »

The OP is/was a prominent house price growth cheerleader. Maybe someone will dig some of the posts out from a year or two ago.

I certainly was. I still own quite a few properties.
The point of my post was twofold.

Firstly. I was trying to point out that although property may be a bad word now, there are far worse places to have put your money. I agree Share prices will probably rise again but then the same can be said for property.

Secondly, although prices are falling, those who hoped this would lead to them getting on the "ladder" will soon find out this is not the case. Fair enough there are speculators out there who will benefit but the everyday man in the street will have to increase his deposit to double that which he would have needed previously, and thats only if the bank will loan him the money in the first place.

.....and as a final thought. The present situation will lead to many many people losing their jobs as the recession deepens. Hope of buying a house will soon be replaced by hope of finding a job.

As for me I'll be honest. I have a lot of property and yes I do wish I had disposed of some before the downturn but all are rented and wiping their feet and I see no reason why this will change.
Bricks and mortar, not the buzz it was but still a safe place to have your money in the long run. ;-)
Good luck to all.

....and with regard to the cheerleading. I support HEARTS, when I go to see them play Celtic I may expect them to get beat but I dont go cheering the opposition. ;-)

ManAtHome

hearts wrote: »

.....and as a final thought. The present situation will lead to many many people losing their jobs as the recession deepens. Hope of buying a house will soon be replaced by hope of finding a job.

So how would paying through the nose for a house over the last couple of years have helped - at least shares/cash etc are liquid. And how long before they are straining at the leash to rent or buy again - 10, 15, 20 years (maybe never if the diversified decide they can't be arrised and flog their houses cheap to buy cheap abroad).

neverdespairgirl

hearts wrote: »

Secondly, although prices are falling, those who hoped this would lead to them getting on the "ladder" will soon find out this is not the case.

It depends, really, on the position of those hopers. IN our case, it's not true.

neverdespairgirl

tomstickland wrote: »

The OP is/was a prominent house price growth cheerleader. Maybe someone will dig some of the posts out from a year or two ago.

THe OP is going to do some hat-eating in the next 18 - 24 months, I think, not a man whose predictions should be relied upon:

http://forums.moneysavingexpert.com/showpost.html?p=5297400&postcount=15

If I am wrong and prices drop by 50% or even 25% please come back and call me all the foolish arzeholes you like (that should be an "s" I think) but as its never ever going to happen Im quite happy to take all the abuse you or any of these other HPC people wish to throw.

http://forums.moneysavingexpert.com/showpost.html?p=6328873&postcount=182

Now that the government has made safe the banks position and there is talk of interest rate falls over the next year. What chance of a 50% increase in house prices over the next 4 years?

This time last year he "Invested" in more BTLs:

http://forums.moneysavingexpert.com/showpost.html?p=6567144&postcount=28

sigh.....I hate to say this cos it's going against the grain but Iv'e bought another 4 BTLs in the last 3 months ;-)

and a year ago he thought the market was heading UP!:

http://forums.moneysavingexpert.com/showpost.html?p=6447588&postcount=35

I think you are being very very hasty. We may see an interest rate cut soon and the market could pick up again on the back of it. Buyers are nervous at the moment but it wont last. Unlike those trying to talk down the market I think there is a good chance of it going the other way. ;-)

Even in late Nov 2007, no crash, just stagnation:

http://forums.moneysavingexpert.com/showpost.html?p=6821384&postcount=445

Your quite right in what you say and I agree prices cannot continue to rise forever. However outside of London I don't think that house prices are massively over priced, if at all. Stagnation is the most likely scenario in my opinion and even this will not last long.

The stagnation wasn't a one-off crappy idea either:

http://forums.moneysavingexpert.com/showpost.html?p=6948415&postcount=51

The problem here is because they say house prices are over valued at x% you then jump to the conclusion that they will then surely fall by this % to reach their statusquo. This isn't going to happen.
The more likely scenario is for prices to level off for a few years during which time this over valuation will disappear.

And he is seriously out of pocket, having bet his mortgage last December:

http://forums.moneysavingexpert.com/showpost.html?p=7467587&postcount=794

I will put my Mortgage on the exact opposite. THERE WILL BE NO CRASH! I will put money on with anyone who cares to wager. ;-)

the slowdown was just owing to Christmas:

http://forums.moneysavingexpert.com/showpost.html?p=7232087&postcount=16

lol.............There is going to be NO crash ;-)

You people have been wishing for this for years and now at any sign of prices not rising "It's a crash"
As has been said above. The time of year has a lot to do with the present lull in buying.

In January, any potential little local difficulty was nothing like the US situation:

http://forums.moneysavingexpert.com/showpost.html?p=7720165&postcount=10

Hold on there m8y ;-) I don't agree with your original post. I don't expect the impact in the UK to be anywhere near what happened in the US. I think lending although lax here was a lot worse in the US. From what Ive read they would basically lend to anyone who asked. Working or not. At least here there were some checks and although the multiples were, in hindsite ridiculous there is still not going to be the fallout we have seen there. Especially with the likely Interest rate falls.

And was still confident about his new purchases in Jan this year:

http://forums.moneysavingexpert.com/showpost.html?p=7597045&postcount=36

?????........I call it like I see it. I have an interest in the market yes. Probably like most on here, thats why we get involved. BUT, is my opinion soley based on my vested interest, no m8 it isn't.
I can't speak for other areas but where I am I see no sign of a crash. The only property not moving here is New Built flats. Something I expected so I have never touched them.
Iv'e bought 4 new (not new build) properties in the last few months. So I definitely have a vested interest but I think this shows that my opinion is a real belief and not just given because I have property and hope the market doesn't fall. ;-)

The stable market continued in Hearts-land in Feb this year:

http://forums.moneysavingexpert.com/showpost.html?p=8840683&postcount=38

You really make me laugh. ;-) Hope springs eternal as they say. There is no sign where I am of any crash, and from what I read I see no sign of a crash anywhere else. I see small falls in certain areas, mostly at the higher end of the market. I see some large falls on what were overpriced New Build flats. But other than that the market appears to be quite stable.

Good luck to you though. I hope you get what you are looking for. ;-)

And still a self-professed bull in March 2008:

http://forums.moneysavingexpert.com/showpost.html?p=9281141&postcount=4

I disagree with this. Most "experts" base their decisions on what is happening. They see no sign of wholesale falls and most say so. Although there have been slight falls in certain areas there is nothing that has pointed to a prolonged term of falls. Indee with the US and others tonight pumping more money into the system to feed the banks. It seems more likely that the housing market will stabalise. ;-)

But them I'm on the Bull side ;-)