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Breaking Through, Travelling On

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  • edinburgher
    edinburgher Posts: 13,848 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I've just started to read the monevator, which is recommended by edinburgher on here <waves, in case he's ever here>

    I'm everywhere (but not at the same time) :)

    Monevator is a fantastic read, I like how the articles are typically quite enjoyable, while pitched at an intelligent adult level.

    If I had to make once criticism, it would be that it knows its demographic and sticks to it. It can be a tiny bit disheartening reading about the investment fun had by folk on higher tax bands, but it does encourage aspiration. I'm somewhat obsessed with trying to up my income at the moment, I think it appeals to my innate financial nerdiness.

    Do you day trade Forex, or equities? I'm curious, not something that I could do with a day job, but it's always good to learn.
  • Hurdler
    Hurdler Posts: 1,361 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Mortgage-free Glee!
    I used to be part of an investment club and lost interest over time... But I just took a sneak at the site and it's looks interesting - and now having sent a stack of my inherited share money off to a wrap fund, I feel I should start taking MUCH more of an interest in how my hard ... Ummm ... Inherited dosh is being invested.

    Well actually it was Old Father Hurdler's hard earned so I feel at least I am staying true to his aims of having those as something to help ease the retirement ... Now back to reading some of those guides :-)
    • Mortgage @ March 2008: £194,965 ; Lightbulb Moment: July 2011: £164,926; End Date: March 2033
    • MORTGAGE FREE: September 2015
    • MSE 1p Savings Challenge 2024 #50: Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec = £223.84/£671.61
  • Karmacat
    Karmacat Posts: 39,460 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I'm everywhere (but not at the same time) :)
    :wave:
    If I had to make once criticism, it would be that it knows its demographic and sticks to it. It can be a tiny bit disheartening reading about the investment fun had by folk on higher tax bands, but it does encourage aspiration. I'm somewhat obsessed with trying to up my income at the moment, I think it appeals to my innate financial nerdiness.
    You and me both on the nerdiness thing :D I'm really focussed on my income because my current self employment has collapsed, and I don't *want* to rebuild it, been doing it for over 25 years, I've really had enough.

    As far as monevator sticking to the demographic - yep, I feel a *little* bit excluded over there as its obviously meant for people younger than me (I'm female, and under the old system, I'd have been retiring at the end of this year :D). So anything in relation to a timescale of more than 5 - 10 years isn't that much good for me.
    Do you day trade Forex, or equities? I'm curious, not something that I could do with a day job, but it's always good to learn.
    A mix - I look at the FTSE, the Dow, and then cable, eurodollar, and (because of my French apartment) sterling/euro. That latter is the most expensive, proportionally speaking, its a 2 point spread, and the moves aren't as big as the other item in there with a 2-spread, the Dow.

    Totally understand you don't have the time with a day job - if my current business wasn't collapsing, I wouldn't have the time either :eek::rotfl: but even at my level, I work on charts of 30 minutes - 1 hour - any smaller timescale is too wearing. At this level, its challenging, but its good enough.

    This thing that newcomers do, cutting profits short and letting losses run - I find I'm doing that. I *do* operate my stoploss, no problem, but its currently impossible to let my profits run, I've never been able to do it, and thats where a lot of the profits are, trades of four hours or so in a daily trend, making 170 points or so.

    Ah well. Back to it tomorrow :T
    2023: the year I get to buy a car
  • Karmacat
    Karmacat Posts: 39,460 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 23 March 2014 at 10:18AM
    Hurdler wrote: »
    I used to be part of an investment club and lost interest over time... But I just took a sneak at the site and it's looks interesting - and now having sent a stack of my inherited share money off to a wrap fund, I feel I should start taking MUCH more of an interest in how my hard ... Ummm ... Inherited dosh is being invested.

    Well actually it was Old Father Hurdler's hard earned so I feel at least I am staying true to his aims of having those as something to help ease the retirement ... Now back to reading some of those guides :-)
    Welcome, Hurdler! Just going to post this and edit in some more ...

    I appreciate your money is inherited, but its still yours - and reading around (there was a "financial catastrophe" post on rich dad that someone pointed out to me) it sounds like our portfolios need all the help they can get. At the very least, informed consent is a good thing.

    I *may* have an inheritance when my mum passes on ... and she certainly has put some money into my name for me and my siblings, but I still regard that money as hers too, if she needs it, it goes back to her. With the way things are going (and the way the floods are going, actually!) there's no guarantee I'd ever inherit anything. We do joke about it in the family - my brother has bagsied the biscuit tin (cost - 10p at the time?) and I want some breakfast dishes, that were bought for 30p from a charity shop :D ).

    Hope your investing goes well!
    2023: the year I get to buy a car
  • Karmacat
    Karmacat Posts: 39,460 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I never got to Hastings <sulks> between the downpour, the hailstorm and the gustiness, plus overtiredness after only 5 hours sleep, it just didn't do it for me, so I pootled past the railway station to the library, which is quite infrequent for me now, and went back via the other end of the high street - great CS find for £2 on doughcraft - a great, really cheap way to create 3D-ness to images to be used for cards or whatever for the website.

    And I spent quite a while in the garden, of course, upside down from the waist up, so to speak :D The bag of bark chippings is now fully used up; one more commercial one to go, and I'll collect some more tomorrow evening from the abandoned field tomorrow, to be left to rot down a bit more.

    The areas of soil improvement really are starting to link up now - I have to remember to keep on pulling up grass at the "seams", so to speak, so it doesn't take over again, but its been pretty easy so far, thank heavens.

    And today I really am off out, meeting up with my sister, back to her place and then off out for a walk while my niece goes horse riding. Lovely countryside round there.

    Hope everyone has a lovely day - especially Cheery, who's in a half marathon today :T:T:T
    2023: the year I get to buy a car
  • DedicatedDFW
    DedicatedDFW Posts: 4,234 Forumite
    gallygirl wrote: »
    DDFW GO AND DO YOUR ASSIGNMENT :rotfl:

    :eek: :rotfl::rotfl::rotfl:
    CC1:T £[STRIKE]2531[/STRIKE] £1460
    MORTGAGE OVERPAYMENTS: £10575.20 Target £12,100
    MF Date: [STRIKE]August 2042[/STRIKE] May 2035
    Declutter 1000 things by Xmas 2015! 53/1000
  • DedicatedDFW
    DedicatedDFW Posts: 4,234 Forumite
    Hey KC,

    I love popping into your diary - so much activity, achievements and plans :T

    I think you did right not to have your day out yesterday - save it for when you can really appreciate it :)

    Loving all the talk of trading - i am looking forward to researching this when i have completed my course :D

    I *also* have to confess to buying a rather fabulous pair of wellies, they are both patterned and sparkly and i did resist othe pairs but as these were a bargain final pair and in my size at £2 i could not resist :D

    Cheery - i absolutely agree a box of maltesers is the best the sound of them rolling around in the bos just adds to the excitement :D
    CC1:T £[STRIKE]2531[/STRIKE] £1460
    MORTGAGE OVERPAYMENTS: £10575.20 Target £12,100
    MF Date: [STRIKE]August 2042[/STRIKE] May 2035
    Declutter 1000 things by Xmas 2015! 53/1000
  • Karmacat
    Karmacat Posts: 39,460 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Hi Dedicated! Thank you for your kind comment :o

    You found a patterned, sparkly pair of wellies for £2??? In your size??? Well, after all, how could you *not* buy them :D that would be criminal :D

    With the trading, I've been wittering on about it for years, but this month is different. My business partner of more than 25 years standing has brought it up on his own initiative - which is unheard of :rotfl: - and told me to get my finger out, or stoppit :D and I've decided to get my finger out.

    Very quick cuppa tea now, and I'm off out in half an hour. Hope everyone has a good day :beer:
    2023: the year I get to buy a car
  • Karmacat
    Karmacat Posts: 39,460 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Ha, its not often that I don't make it on here in the morning on a work day :) I was busy answering the phone, watching for a trade (didn't happen), writing an email and decluttering a book, as well as preparing the house for sessions and doing some scanning. Tried to do a bit of work out in the garden but its *freezing*, and I don't want it to set my shingles pain off again, which it can do.

    I think I'm going to spoil myself :D and have a second cup of coffee, then I'll work on the actual *products* for the cat website, in one way or another.
    2023: the year I get to buy a car
  • Karmacat
    Karmacat Posts: 39,460 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I've just come back from the coffee, the beans in the slow cooker and the sweeping of the kitchen floor, and found something really interesting, courtesy of The Grauniad grinding to a halt with their live business blog. I really need one, so I switched to The Telegraph, not a newspaper I otherwise frequent and found this jolly wheeze in amongst Boris praising this that and the other: http://www.telegraph.co.uk/finance/personalfinance/savings/10706195/How-to-earn-6.8-on-your-cash-Isa-this-year.html
    Honestly, its worthy of Martin at his most [STRIKE]devious[/STRIKE] detailed, and as they say, it takes a little while to set up. You also need to be prepared to have savings money sloshing about (which I do, from when my endowment matured, earmarked for my pension). Even if its 6%, not 6.8%, its great, and runs itself once you're up and at it. I'm sure that for Telegraph readers its a thought experiment, but I might well do it :D:D:D

    Right. Cat collars. Pros and cons :A
    2023: the year I get to buy a car
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