Is buy to let still worth it?

Crashy_Time

chucknorris wrote: »

My yields are not ‘low’ compared to alternative investments, yes, they are lower, but that is a result of rapid capital value increases, as I am starting to slowly sell, that’s great, bring it on (yes please to even lower yields). I am not highly geared and my low margin tracker mortgages combined with such a low BOE base rate means that the reduction of mortgage interest relief is virtually insignificant. Why didn't you mention loss of the wear and tear allowance? Are you so pathetic that I have to provide you with ammo? That was much more significant to me than the latter (my guess is you didn’t mention it because you don't know as much as you think you do).

My wife asked me what I was laughing at when I was typing this reply, when I explained it to her, she said, you shouldn't criticise him, it's fools like that that have made us wealthy.

Did you tell her you would have been more wealthy (and less stressed) if you had put the property on the market before Brexit/Trump/Le Pen/Interest rate rises etc.? :rotfl: The problem with paper wealth is that it relies on the actions of other people to get at it. My advice of the day is get money out of equities before Le Pen crates another "Unexpected shock", buy back in later maybe, but always DYOR...;)

Conrad

Crashy_Time wrote: »

. My advice of the day is get money out of equities before Le Pen crates another "Unexpected shock", buy back in later maybe, but always DYOR...;)

Arguably the most respected investor on the Planet, Warren Buffet says timing the market is a mugs game, but you know better?


Are you aware of the concept of 'Best days'? Being out of the market on the rare best days makes a huge difference to long term returns.


Those best days quite often come when you would be least inclined to re-invest.

Conrad

“Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic".

“Over the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a fly epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.”


“When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.”


W Buffett

Crashy_Time

Conrad wrote: »

Arguably the most respected investor on the Planet, Warren Buffet says timing the market is a mugs game, but you know better?


Are you aware of the concept of 'Best days'? Being out of the market on the rare best days makes a huge difference to long term returns.


Those best days quite often come when you would be least inclined to re-invest.

So you think todays market is similar to the one Buffet made his best investments in?

westernpromise

You completely haven't understood what Buffet does, have you?

chucknorris

Crashy_Time wrote: »

Did you tell her you would have been more wealthy (and less stressed) if you had put the property on the market before Brexit/Trump/Le Pen/Interest rate rises etc.? :rotfl: The problem with paper wealth is that it relies on the actions of other people to get at it. My advice of the day is get money out of equities before Le Pen crates another "Unexpected shock", buy back in later maybe, but always DYOR...;)

No I didn't tell her that, neither did I tell her that I'm much more wealthy because I didn't loss my bottle in the mid to late 90's and sell my property. Who is stressed? Certainly not me, I now work one day a week.

You seem to keep missing the point, so allow me to spell it out for you:

You are the one who sold at the wrong time! :rotfl:

Crashy_Time

westernpromise wrote: »

You completely haven't understood what Buffet does, have you?

Let me guess........mmmmmm....he stays invested all the time.....
:rotfl: It is picking the companies to stay invested in that is the problem, hence the outbreak of BTL madness among lesser "investors". I was talking about selling out of and maybe buying back into a EZ specific tracker fund on a punt that Le Pen might win, not emulating Buffets portfolio...:T

Crashy_Time

chucknorris wrote: »

No I didn't tell her that, neither did I tell her that I'm much more wealthy because I didn't loss my bottle in the mid to late 90's and sell my property. Who is stressed? Certainly not me, I now work one day a week.

You seem to keep missing the point, so allow me to spell it out for you:

You are the one who sold at the wrong time! :rotfl:

Yep, definitely stressed.

System

Just to clarify, Crashy, who has a BCR of 130%, is attempting to mock someone who has made millions from property?

Let's just get this in the sand now.

chucknorris

Joeskeppi wrote: »

Just to clarify, Crashy, who has a BCR of 130%, is attempting to mock someone who has made millions from property?

Let's just get this in the sand now.

He's the biggest fool on here by far, you couldn't really make it up what he's trying to say to me about timing the market.