Is it possible to become a millionaire (or near to) through investments?

BananaRepublic

Glen_Clark wrote: »

Still obssesed with left and right wing,

You are, yes.

Glen_Clark wrote: »

but its competition that makes for efficiency. Unfortunately it isn't always practical to introduce competition.

I agree.

Glen_Clark wrote: »

I've seen efficiency and inefficiency in both the private and public sector. A private monopoly is worse than a state monopoly.

I would not make such a sweeping statement.

Glen_Clark wrote: »

Privatising the railways didn't make them more efficient did it? Even Norman Tebbit realised that wouldn't work.

They might be more efficient, I don't know. Do you? They carry far more passengers that they did. And the sandwiches are better. But I don't use them as they are very expensive compared to a car, and I have in the past found them to be dirty and unpleasant. I am told they are better these days. I would not have privatised it, but they forgot to ask me.

BananaRepublic

Glen_Clark wrote: »

Osborne's Obsesive Housing market interventions are more left wing than right wing, its just that his form of Socialism most benefits the inherited wealth of the landed aristocracy.

Thank goodness you posted another attack on a Tory politician, I was so missing them. Do keep up, you have a growing audience hungry for your words of wisdom.

sabretoothtigger

Aretnap wrote: »

http://www.scotsman.com/news/elderly-scots-millionairess-leaves-1m-to-charity-1-3382990

http://www.dailymail.co.uk/news/article-1262496/Secret-millionaire-Relatives-tramp-1m-recycling-old-tin-cans-settle-inheritance-feud.html

are more left wing than right wing

My theory is the whole political base has shifted to the left. Hence Blair described as centralist

jimjames

sabretoothtigger wrote: »

http://www.dailymail.co.uk/news/article-1262496/Secret-millionaire-Relatives-tramp-1m-recycling-old-tin-cans-settle-inheritance-feud.html

Thanks for bringing it back on track.
So to answer the original question, yes you can become a millionaire by investing over a long period of time.

BananaRepublic

sabretoothtigger wrote: »

My theory is the whole political base has shifted to the left. Hence Blair described as centralist

Blair was a conman, able to spin a lovely story about a market economy with capitalist innovation and a caring sharing politics. In practice it was mostly spin, with a few achievements, and a lot of bullying of anyone who disagreed c.f. Damien McBride. Socially we have in soome respects moved to the left when compared to 30 years ago. The Tories would never have been elected on a more right wing manifesto, because the electorate has changed. Osborne is indeed putting in place some 'leftist' policies. I guess they can do so because the Labour party have swung to the extreme left, and thus committed political suicide. In my view, the next election will see if I am right or not.

Glen_Clark

sabretoothtigger wrote: »

http://www.dailymail.co.uk/news/article-1262496/Secret-millionaire-Relatives-tramp-1m-recycling-old-tin-cans-settle-inheritance-feud.html

I had to laugh at the Daily Mail suggestion he became a millionaire by getting his share tips from newspapers :rotfl: Has the Daily Mail improved since they employed Adam Faith as their financial journalist, before he got sued for fraud by Leo Sayer and went bust owing £32m?

sabretoothtigger wrote: »

My theory is the whole political base has shifted to the left.

Yes I think Osborne's housing market interventions could be described as left wing. Its just that his version of left wing robs the poor to give to the rich. Hospital admissions for malnutrition, evictions, homelessness, are all up - along with the inherited property wealth of the landed aristocracy. As the gap between rich and poor gets wider all the middle of the road grocers are losing customers at both ends - to Aldi & Lidl at the cheap end, Waitrose at the dear end. These are not the sort of thing associated with a normal left wing.

How does this relate to investment? Well I think the message is don't be fooled by his hailing his GDP figures as evidence of 'recovery' Rising rents favours inherited wealth and drains the productive side of the economy which is needed to reduce the deficit - hence his doubling the 300 year old National Debt in 5 years. Rising rents are counted the same but are a far cry from real GDP - like making things we can sell abroad. At the same time we have a looming pensions crisis from an ageing population, and nothing but a pile of debts and a politician's election promise in the ponzi scheme supposed to pay their state pension.
I love Britain so hate to have to admit it - but I wouldn't want all my savings invested in this kind of economy.:(

BananaRepublic

Glen_Clark wrote: »

Yes I think Osborne's housing market interventions could be described as left wing. Its just that his version of left wing robs the poor to give to the rich. Hospital admissions for malnutrition, evictions, homelessness, are all up - along with the inherited property wealth of the landed aristocracy. As the gap between rich and poor gets wider all the middle of the road grocers are losing customers at both ends - to Aldi & Lidl at the cheap end, Waitrose at the dear end. These are not the sort of thing associated with a normal left wing.

How does this relate to investment? Well I think the message is don't be fooled by his hailing his GDP figures as evidence of 'recovery' Rising rents favours inherited wealth and drains the productive side of the economy which is needed to reduce the deficit - hence his doubling the 300 year old National Debt in 5 years. Rising rents are counted the same but are a far cry from real GDP - like making things we can sell abroad. At the same time we have a looming pensions crisis from an ageing population, and nothing but a pile of debts and a politician's election promise in the ponzi scheme supposed to pay their state pension.
I love Britain so hate to have to admit it - but I wouldn't want all my savings invested in this kind of economy.:(

:T That entire rant is laugh out loud funny.

I've invested loads in the UK, it does very well, thanks for asking.

Glen_Clark

BananaRepublic wrote: »

Thank goodness you posted another attack on a Tory politician,

At the risk of stating the obvious, my comments are on the Government which happen to be Tory.

Glen_Clark

BananaRepublic wrote: »

I've invested loads in the UK, it does very well, thanks for asking.

I did not ask.
But since you mention it, back to basics again, past performance is no guide to the future.

Glen_Clark

BananaRepublic wrote: »

:T That entire rant is laugh out loud funny. .

So you find increased hospital admissions for malnutrition, evictions, and homelessness, to be 'laugh out loud funny.'