I'm forever blowing bubbles

ess0two

Smashed into 10k worth of oil shares earlier in year,at the time
£13 odd per share.

mewbie_2

Cleaver wrote: »

Just in case my dripping sarcasm wasn't clear, my OP was in no way to boast or anything like that. It was making the comment that growth at this rate is completely stupid and in no way sustainable.

It has be very obvious to be picked up by all. In the Moneysavers it is nigh on impossible to use irony or sarcasm as some sort of point maker.

mewbie_2

ess0two wrote: »

Smashed into 10k worth of oil shares earlier in year,at the time
£13 odd per share.

I was fortunate to buy into a commercial office property in the Cayman islands a few months back.

Actually fortunate isn't the right word. I have a friend who organised the move out there, so a bit of a head start.

Of course none of this happened. It's a comment on insider trading.

ess0two

mewbie wrote: »

I was fortunate to buy into a commercial office property in the Cayman islands a few months back.

Nice one:rolleyes:,my choice was either buy shares or pay lump off mortgage,getting itchy feet though at the mo.

julieq

As a matter of interest, if there ever as a bull trap anywhere it's in stocks and shares at the moment. You have essentially an overexuberant bounce back based on nothing much more than the feeling the recession is over and we're back to normal, and as the indices go up apparently relentlessly people are piling in to get on the bandwagon.

Now call me a bear if you like, but that is a recipe for disaster.

Based on what I can see on the ground, there is a recovery but it's modest at best. There isn't much chance of significant earnings growth any time soon, and anything there is has been priced in many times over. The big problem with equities is that they can collapse very quickly in value if confidence slips. A great many companies make money from discretionary spend, therefore earnings are hugely dependent on all of the "fundamentals" the permabears spend their time worrying about. Margins have contracted because of the necessity to buy business, and they won't come back any time soon.

So on that basis, I'm out. Very pleased for anyone making money, but watch your back.

mewbie_2

julieq wrote: »

julies money corner...

Lol. So you are not into stocks then julie? Just gambling and houses.

nearlynew

I love rewired

zedyy

Curious what stocks you picked EXACTLY, when you picked them and how much the stock broker charged you? Also, don't you have to pay capital gains tax on your soon-to-be-million?;)

Cleaver

zedyy wrote: »

Curious what stocks you picked EXACTLY,

I didn't pick stocks, I picked funds.

zedyy wrote: »

when you picked them and how much the stock broker charged you?

They were purchased through H&L, so nothing. There is an annual 1.5% management fee on most.

zedyy wrote: »

Also, don't you have to pay capital gains tax on your soon-to-be-million?;)

No, it's in an ISA.

But just be clear, although the figures in the original post are correct the point I was making was a satirical one, mainly that I think we're in an equity bubble which won't last and that the markets are behaving in an unsustainable way. I don't think in a million years that my holding will ever be worth anywhere near a million pounds.

sabretoothtigger

the markets are behaving in an unsustainable way. I don't think in a million years that my holding will ever be worth anywhere near a million pounds.

Unless a million pounds wasnt worth much either