Warren Buffet's mantra - 'Buy when no one else is'. So, why aren't you?

Thrugelmir

sabretoothtigger wrote: »

I think branson offered to buy nr but he probably wanted a subsidy. I cant remember, I wish I had paid more attention now

libs are probably the best but people arent that desperate yet

Remember "Branson" is a brand, an image...... Underneath a hard nosed business person thats in it for the money and as much as possible publicity.

Thrugelmir

Conrad wrote: »

Are you sure you got this the right way round?

I always thought investment trusts were a lot less transparnet than unit trusts as with the former you only own shares in the trust itsself and the trust can gear - up with borrowings adding to risk.

Unit trusts I always thought were merely vessels to the underlying shares, with gearing disallowed.

I'm guessing you are correct, as you seem very knowledgable.

I'll look into the ETF you mentioned, atallman.

Sorry if I wasn't clear. Yes you are right about gearing.

By transparency I was referring to the fact that with IT's the shares are traded not the underlying investments. Whereas with UT's the holdings are sold if there is massed withdrawl.

Many years ago I worked for Friends Provident and kept the accounting records for the investment funds and life fund. Settling with brokers, pricing the UT's daily, ensuring all dividend income was received. A real insight into the City and how large tranches of shares were bought/sold so as not to disrupt the market. Every since retained an interest.

chupov

Really2 wrote: »

Wow thats the most dim witted answer i have seen to something i wrote months ago.

They were selling/sold pre crash for £130K, they are now selling/sold for £60-70k (and being gazumped)

Is that so hard to understand or do you think no houses sold in 2007 and all prices were asking prices?
As far as i know more houses were sold in 2007 than now so are you saying their is more demand when prices are higher?

so prices have fallen by a half and as a result the houses have then sold?

I thought that was what the bearmongers said was going to happen???

Really2

chupov wrote: »

so prices have fallen by a half and as a result the houses have then sold?

I thought that was what the bearmongers said was going to happen???

Yes and they sold before at a higher price. what are you actualy trying to point out.
My quote from months ago that my EA family member is selling REPO houses previously sold at peak at £130k for £65k -£70K. (they were sold at peak the repod AAAAAAAAGGGGGGGGGGGGGGGGGGG)

So what is you point they sold when prices were high and they are selling when distressed?

Do you know your point? I don't.

chupov

Really2 wrote: »

Yes and they sold before at a higher price. what are you actualy trying to point out.
My quote from months ago that my EA family member is selling REPO houses previously sold at peak at £130k for £65k -£70K. (they were sold at peak the repod AAAAAAAAGGGGGGGGGGGGGGGGGGG)

So what is you point they sold when prices were high and they are selling when distressed?

Do you know your point? I don't.

so if you cut the price of houses in half you will sell them more easily? well pick my jaw off the floor

Really2

chupov wrote: »

so if you cut the price of houses in half you will sell them more easily? well pick my jaw off the floor

You really have lost the point, there was no problem selling them at peak!

My point was repos were selling at EA's before auctions.:rolleyes:

On your idea of how things work you are more likely to sell at 2007 price as more tranactions went through then!

chupov

Really2 wrote: »

You really have lost the point, there was no problem selling them at peak!

My point was repos were selling at EA's before auctions.:rolleyes:

On your idea of how things work you are more likely to sell at 2007 price as more tranactions went through then!

so why not sell them at peak asking prices then .. if they are selling for prices half of peak then this means they have halved in price, no?

mewbie_2

Really2 wrote: »

previously sold at peak at £130k for £65k -£70K.

Wow. I had you pegged as a bull. And you say we are already seeing 50% off. Brilliant.

chupov

me too - the Really bloke seems to be saying that prices have halfed since two years ago so anyone who was bearmongering had the right idea.

I feel sorry for anyone who listened to the bullocks and stretched themselves out to buy when they were going at 130 grand. Their probably the people whos houses are being repossessed!

next time listen to the bearmongers!

Really2

Anyone not beliving they could not pick up a repo for half 2007 is an idiot with mortgages hard to come by.

Problem is most still think their is further to go and dont bother. Secondly repos make up a small portion of the market (less tha 70K this year I belive)

I HAVE BEEN SAYING REPOS WOUL BE THE DRIVING FACTOR OF FALLS THIS YEAR.

But then again why listen when you can make out I am always saying buy now.:rolleyes: