FSA warns on levels of UK mortgage debt

geneer

RenovationMan wrote: »

I'm waiting to list the points that s/he alleges I dodged. I doubt they will be forthcoming. I am expecting some sort of dismissive "Go and read them in the thread" because the points dont exist.

Still one lives in hope.

Heres the thing about playing dumb RM.

It makes you look dumb.:)

http://forums.moneysavingexpert.com/showpost.php?p=42182270&postcount=102
http://forums.moneysavingexpert.com/showpost.php?p=42145014&postcount=45

DervProf

RenovationMan wrote: »

See totally unrelated thread.

No, I can't find it.

The offer still stands.

BTW. I already used that "gag", try being a bit inventive - it adds to the "fun".

DervProf

RenovationMan wrote: »

I still dont see what points I am supposed to have dodged, but will hazzard a guess as to your problem.

You've dodged the point of telling me where I can find the 100s of inflation proof saving accounts that you told me were available. Maybe a few of them are here......

http://www.bbc.co.uk/news/business-12819220

Where are the rest ?

Good morning, by the way.

DervProf

RenovationMan wrote: »

I'm currently enjoying an inflation busting 50% gai with this investment product: https://online.h-l.co.uk/my-accounts/security_details/sedol/B592F62

The annual fee is 1.75%, which I think you may baulk at because you have already indicated that you dont like fees.

Link is useless, I don't know your username/password/DOB.

I didn't indicate that I don't like fees (I pay them on the few funds I invest in). I think I simply indicated that fees have to be paid on many of the accounts you suggested.

DervProf

Oh, he's gone.

I thought he might be helpful and post a working link to the fund that's made him 50%.

geneer

RenovationMan wrote: »

I still dont see what points I am supposed to have dodged, but will hazzard a guess as to your problem.

Jolly good show. No one likes a quitter after all.

RenovationMan wrote: »

Basically you have an issue with a post I made about a friend of mine who gambled that house prices would crash and they didn't, not until he had thrown in his chips and bought a family home, at a much greater cost than if he had gone down the traditional route of buying a larger home as and when the size of his family required it and the state of his finances allowed it.

Waaaaaaaaaait a minute. This smells like new information.
Sounds like he ultimately bought because he needed to house his growing family.
i.e. Renovationmans "one true way".
Which turns out to have been a bit of a gamble.

Oh dear, its all a bit tricky isn't it.

RenovationMan wrote: »

Its factual and true, and it was relevent to the post I was replying to. My friend was the one who stated that he gambled and lost, not me. I dont feel that I have gambled and won. Its not a gamble to buy a family home when you have a family, a secure job and the cash reserves to do so.

Ah I see. So your friend gambled by not buying. Then he gambled by buying. You on the other hand got by on your skills, cunning and nerve. Like a house buying ninja?
Am I right?

RenovationMan wrote: »

I'm sorry if you have also gambled and 'lost' and feel you need to take it out on me. I posted the story about my friend as a cautionary tale.

Not to worry. I reckon I've taken a gamble and "won".
Though by gamble I mean assessed the facts, considered them in a wider context and acted in accordance with the outcome of my analysis.

And for the record I posted my story as a cautionary tale for those who might have leapt blithely into a housing bubble for no other reason than because they fancy a bigger gaffs for their nippers to run around in.

RenovationMan wrote: »

If it hit a sore spot with you, then I apologise:A

:rotfl:Thanks for the faux sympathy, but you didn't.

RenovationMan wrote: »

but the fact remains that if people make a financial decisions based on gut feelings that go wrong, generally speaking its their call and they have to live with the consequences.

You mean like buying a house in the middle of an obvious housing bubble? Based on the gut feeling that "they'll be alright".
hmmmmm?

RenovationMan wrote: »

My mate did, he held his hands up and admitted he was wrong and then knuckled down and sorted himself out. He didnt cry about it on internet forums and blame everyone else.

Oh dear oh dear. "cry about it on internet forums". Someones a gwummpy bunny. Sorry RM. If I touched a nerve, I apologise.
I really, really mean that.

Then again, if he had bought a bit earlier, would he now be on an internet forum s@cking himself off for his brilliant decision making processes as compared to one other person, and trying to make out
that this is some kind of object lesson with the application of spurious comparisons? Who knows.

RenovationMan wrote: »

There, are you happy that I have addressed your issue? If I have inadvertently missed any, then please feel free to PM me and I will respond. I'm sure the rest of the board is finding all of this quite tedious. I know I am.

Now why on earth would I want to PM you RM. :rotfl:
Finding it tedious are you? How strange. I rather thought you would enjoy having your dubious arguments deconstructed, and having that rather obvious chip on your shoulder prodded.

DervProf

RenovationMan wrote: »

Sorry, I have a job so cant stay on here all day. I didn't realise the link would ask for logon details. The fund is: Melchior Selected Trust European Absolute Return Class H GBP Accumulation. I cant seem to link to it via H-L without it asking for username/password details but I daresay you can google it?

As an aside, you do love playing to the crowd dont you? (re: your comment above), the question is whether there exists a crowd and whether they are interested.

Thanks,

I`ll take a look at that fund. I have recently opened a HL account, and I can use trustnet to find out about fund info.

I don't know about any crowd, and I didn't know there was a question to be asked about the crowd you speak of.

DervProf

RenovationMan wrote: »

I'm currently enjoying an inflation busting 50% gai with this investment product: https://online.h-l.co.uk/my-accounts/security_details/sedol/B592F62

The annual fee is 1.75%, which I think you may baulk at because you have already indicated that you dont like fees. However, my view is that you have to pay for decent fund management. The gain I have made with this fund (and others, but this has the highest gain in my portfolio) more than outweighs the fund fee.

http://www.trustnet.com/Factsheets/Factsheet.aspx?fundCode=I5FN1&univ=B

Is that the fund you mean ?

I see no 50% gain. Maybe you've held it for a longer time period, but only 12 months worth of data seems to be available.

DervProf

Well, all I have managed to find out is that since it's lauch in 2006, that fund (which previously went under another name) has returned 22.2%.

http://www.eubankers.net/page.Article.cmc?&A=1&B=1263435367&C=2010&SID=1

Maybe you've managed to buy in and out of the fund at the right times.

DervProf

RenovationMan wrote: »

Sorry, I cut and pasted the wrong fund. All I have made with that Melchior one is 1.4%. LOL

The funds I have had the greatest success with are:

Marlborough Special Situations Accumulation Units
Invesco Perpetual UK Aggressive Accumulation Units
Ignis Argonaut European Income A Accumulation
Artemis Strategic Assets Retail Accumulation

I invest in Accumulation funds rather than Income. Most of the funds are in the H-L Wealth 150. The Artemis Strategic Asset fund was a recommendation from H-L and I invested a large amount in it from day one. It has gained 35.51% so far.

If your interested in decent funds, then you should look on the investment boards and pensions board, they are a decent crowd.

Thanks,

I was going to "grill" you a little about your claims, but I shall now refrain. (You can understand why I would have doubted you claims, I`m sure).

Now, that Artemis Strategic Assets fund. I`ve had my eye on that one since day 1. It's done well since launch a couple of years ago, and is the reason I`m switching th HL, as they have no buying fee on that fund (or it's lower than my current fund manager anyway). I might just chuck a few £ at the fund, and see how it goes.

Being the cautious type, I`ve been investing in Invesco Perp High Income fund. Seems to be slipping a bit lately, but NW has such a good track record that I`m going to stick with it.