House prices fall £5,000 in year to September

RenovationMan

JonnyBravo wrote: »

tut, you seem to have thanked me but not told me the share...
I promise not to fall for your ramping

It's a bit of a risky one JB but I bought in at 3.9p and the share is currently at 4.64. The company seems to be in a bit of financial trouble and so it will either go under and wipe me out or it will recover and I'll quadruple my money. I've stuck £10k on them and I'm worried sick! :rotfl:

I wouldn't want others to have to go through these agonies, though you might be able to guess who it is. A last clue - food producer.

JonnyBravo

Ah.... PFD.
Well you did well to get that price. That was only possible briefly on 2 days it seems. If you're that worried then sell £10k worth and free ride the rest.

RenovationMan

JonnyBravo wrote: »

Ah.... PFD.
Well you did well to get that price. That was only possible briefly on 2 days it seems. If you're that worried then sell £10k worth and free ride the rest.

Nah, I'll tough it out. I had a good run with the same share a couple of times, buying in at 17.xxp about a couple of years ago and then 15.xxp a while back with both resulting in decent gains (+30p IIRC).

I think they will gain a bit on the back of Christmas sales and penny shares don't need to gain much to make a decent profit.

geneer

RenovationMan wrote: »

Who do you mean by 'you guys'?

Well the guys who bang on and on in detrimental derogatory terms about buying gold and silver as an investement when historically it does actually seem to be a safe haven when the economy is rocky.

RenovationMan wrote: »

While I do view my house as an asset (my largest actually), it's my home and not an investment I will need to sell in a hurry. My pension is my next largest investment and consists of a diverse portfolio of funds, bonds and some shares that can be sold 'when the time is right'. I am currently heavily invested in a particular penny share that I think is going to absolutely fly.

Didn't ask.

RenovationMan wrote: »

However, I don't feel the need to log on with multiple usernames in order to ramp it.

If you think one poster on a locked forum can change the value of an asset in any way shape or form, you should reconsider.

RenovationMan wrote: »

Interesting though that you mock pimperne1 with your time machine gag about how to jump on the housing bandwaggon at the right time, yet in the next breath you are singing the praises of the Gold bandwaggon from 2007. Should we also invest in a time machine in order to invest in Gold in 2007?

Pimperne1 received a suitably facetious response to a facetious comment. Though I thought I was also quite funny and apposite to boot.

Can say I've was "singing the praises of the gold bandwagon" prior to your comment, and you can't really either. Yet you have.

robmatic

geneer wrote: »

Because it increased how much since 2007?

I'm not a gold/silver bug myself, but you guys act like its not an asset which can be readily sold when the time is right.

Unlike, say, a house.

A house is an asset you can live in, which some people find quite useful.

It's also a good inflation hedge and very tax efficient in investment terms. I wouldn't buy a barrel-load of them but having one of them is a bit of a no-brainer.

robmatic

geneer wrote: »

Though I thought I was also quite funny and apposite to boot.

Ever thought about a career in stand-up?

RenovationMan

geneer wrote: »

Well the guys who bang on and on in detrimental derogatory terms about buying gold and silver as an investement when historically it does actually seem to be a safe haven when the economy is rocky.

I don't think I have 'banged on' in derogatory terms, personally, so I don't believe I'm a member of your 'you guys' pigeon-hole, but if it makes you feel happier to group people together then go ahead. My view is that it's dangerous to put all of your money into any single asset, whether it's precious metals, property or magic beans. I think you'll find that I also post warnings to people thinking of investing soley in BTL for their pensions.

geneer wrote: »

Didn't ask.

You made the statement: "you guys act like its not an asset which can be readily sold when the time is right. Unlike, say, a house." to try and argue that I'm hypocritical in my investment stance - being against putting money into a semi-illiquid asset like Gold but not being against putting it into an illiquid asset like property. I pointed out that you were incorrect, I know that both are assets but that I don't 'invest' in either.

geneer wrote: »

If you think one poster on a locked forum can change the value of an asset in any way shape or form, you should reconsider.

I totally agree, hence why I question the point of them doing it.

geneer wrote: »

Pimperne1 received a suitably facetious response to a facetious comment. Though I thought I was also quite funny and apposite to boot.

Can say I've was "singing the praises of the gold bandwagon" prior to your comment, and you can't really either. Yet you have.

You were stating that Gold had done really well since 2007 to try and discredit people's arguments against buying Gold RIGHT NOW and yet you call the property bears for doing the same thing. I can no sooner go back to 2007 to buy Gold than you could go back to 2003 to buy a house. you're showing an astonishing lack of self-awareness, if I might say so.

DervProf

Flight2quality wrote: »

Certainly is slow motion prices will be about the same as now in 2020, but with inflation it certainly will have been a slow motion crash.

I wouldn't dare predict where prices will be in 2020, but I would predict that whatever was being predicted in the press about how high prices would be by then will be wrong.

Oh, go on then. 20% higher than today, (ish).

IveSeenTheLight

robmatic wrote: »

Ever thought about a career in stand-up?

Would you buy a ticket?

Zoran_Ilievski

DervProf wrote: »

I wouldn't dare predict where prices will be in 2020, but I would predict that whatever was being predicted in the press about how high prices would be by then will be wrong.

Bulls always overestimate the expected gains, and bears always overestimate the expected falls. Human nature.