Fergus Wilson Genius or a Couple of Sandwiches short of a Picnic You Decide

caronoel

brit1234 wrote: »

He is clearly a simpleton, there is a thread on property tribes where all the landlords are telling him he can't be a elected police commissioner in Kent as he has a criminal conviction for assault, he thinks he can. Well liked Falklands Vet Simon Weston had to pull out because he had one, yet simpleton Fergus just can't get it into his head.

Definition of a simpleton has to be someone still holding out for a 50% house price drop by Christmas 2009, and buying into gold and silver just before the slump.

:rotfl:

mayonnaise

caronoel wrote: »

Definition of a simpleton has to be someone still holding out for a 50% house price drop by Christmas 2009, and buying into gold and silver just before the slump.

:rotfl:

Or cashing in on the FTSE just before it was about to boom.

http://forums.moneysavingexpert.com/showpost.php?p=51477783&postcount=3

brit1234 wrote:

Just done, busy this week. So busy I haven't had chance to sell shares yet

Clutching straws? Are you seeing what is on the horizon or have you still got those rose tinted glasses on.

I'm going cash over next few months and then Gold at the next good buying opportunity. I will look at shares again about the FTSE 5000 mark.

Yep, Fergus is the simpleton. :rotfl:

Generali

ruggedtoast wrote: »

I think I read an interview with him lately that its proving difficult to unwind all the properties they have because they cant put more than a couple on the market at once at the same time.

If you run an equity fund a risk measure is how quickly could you sell down a position in a share if prices were falling.

For the Wilsons the metric must be something crazy measured in years. We prefer hours and days as a measure and we are huge in the Aussie market although not massive internationally.

caronoel

mayonnaise wrote: »

Or cashing in on the FTSE just before it was about to boom.

http://forums.moneysavingexpert.com/showpost.php?p=51477783&postcount=3



Yep, Fergus is the simpleton. :rotfl:

Post of the week!

Ha!

mayonnaise

ruggedtoast wrote: »

I think I read an interview with him lately that its proving difficult to unwind all the properties they have because they cant put more than a couple on the market at once at the same time.

Obviously, he's not going to crash his own market by selling them all at once.
He sold 50 recently.
http://www.telegraph.co.uk/finance/personalfinance/investing/buy-to-let/11660188/Buy-to-let-tycoon-Fergus-Wilson-I-sold-50-Ashford-semis-to-a-Chinese-estate-agent.html
I suppose they'll be selling in similar sized batches over the coming years.
Good on them.

the_flying_pig

on the subject of sandwiches/picnics, in his position I'd have sold a very long time ago.


he's what, about 65 yrs old & by the look of him must weigh the thick end of 20 stone. he hasn't got all that many years left to enjoy his riches, needs to make the most of them imo.

wotsthat

I don't think we know enough to judge their business skills as we're only spoon fed details as part of their role as celebrity landlords.

They don't seem to be running a limited company which I find quite strange. Are they really running a 1000 property lettings portfolio through a self assessment tax return?

By concentrating on a very small geographical area they've made the formulation of an exit strategy very difficult. I'm sure they've got plenty of money to keep themselves going but trying to offload so many houses at the age of 69 seems like poor planning.

It would be interesting to know the size of their back room staff. I'd be well impressed if it was really just the pair of them!

DTDfanBoy

mayonnaise wrote: »

Or cashing in on the FTSE just before it was about to boom.

http://forums.moneysavingexpert.com/showpost.php?p=51477783&postcount=3



Yep, Fergus is the simpleton. :rotfl:

Ouch that was posted by Brit1234 02-03-2012 :eek:

One can only assume he is still holding Gold and is waiting patiently for yet another of his predictions to come true, all it will take is the FTSE to crumble 50% and Gold up 60% and he'll be back in the same position, but I guess he's hoping for something a bit more extreme so he can have a good laugh at our expense :shocked:

caronoel

DTDfanBoy wrote: »

Ouch that was posted by Brit1234 02-03-2012 :eek:

One can only assume he is still holding Gold and is waiting patiently for yet another of his predictions to come true, all it will take is the FTSE to crumble 50% and Gold up 60% and he'll be back in the same position, but I guess he's hoping for something a bit more extreme so he can have a good laugh at our expense :shocked:

I wonder if he's still holding on for a house price drop of 50% by Christmas?

:T:T:T

DTDfanBoy

caronoel wrote: »

I wonder if he's still holding on for a house price drop of 50% by Christmas?

:T:T:T

Well if he did buy gold when he said he did even a 50% fall in house prices won't cut the mustard