Investment needed/advice

Albermarle

NoviceInvestor1 said:

Is this not just an attempt to "pump" the Premier African Minerals share price? 

The post is too bizarre for it to be anything else. 

Possibly, but the usual readers of this forum are unlikely to react to any pumping !

Dazza23

NoviceInvestor1 said:

Is this not just an attempt to "pump" the Premier African Minerals share price? 

The post is too bizarre for it to be anything else. 

No I am not pumping this share, just replying to Exodi to show that some shares are going up. I have no need to pump the share as I got in very early. 

bostonerimus

Dazza23 said:

NoviceInvestor1 said:

Is this not just an attempt to "pump" the Premier African Minerals share price? 

The post is too bizarre for it to be anything else. 

No I am not pumping this share, just replying to Exodi to show that some shares are going up. I have no need to pump the share as I got in very early. 

It might be a good time to dump some of it now. Take some gains off the table. I hope you bought within a tax advantaged account.

Dazza23

About 90% of my investment is in a stocks and share ISA

bostonerimus

Dazza23 said:

About 90% of my investment is in a stocks and share ISA

Great, no tax issues in selling some then and diversifying.

dunstonh

I have known risk based asset millionaires lose nearly all of it because they failed to diversify.

bostonerimus

dunstonh said:

I have known risk based asset millionaires lose nearly all of it because they failed to diversify.

Yep, the OP says they don't want to sell because they anticipate further increases in the share price, but this might be just the time to sell a portion and take some gains. I could not sleep well with the OP's stated plan. It's so risky that it smells a little trollish.

Mutton_Geoff

Dazza23 said:

I work full time for the Royal Mail but want to start a buy to let property portfolio. I have a very good verified contact in the BMV property sector so any property purchase would create immediate equity. I am looking for a loan of £60k which I will pay back as a lump sum in 1 year with 25% interest (£75k in total). I have a healthy share portfolio with Hargreaves Lansdown but don’t want to touch this yet as it is going up very quickly (and I can use as collateral).
 I have tried for a Lombard loan against my share portfolio but they state that the shares have to be worth a minimum of £500k.
Any advice greatly appreciated on the best way to acquire the loan?

BMV Property Sector - as my mum always said, "if it's cheap, it's for a reason". I've been a slow and steady investor for years and got out of BTL before the tax and legislation got in the way of making it viable. Good luck with your portfolio, if it's that healthy, might be time to move from HL since their charges are % rather than fixed. Snowman's Spreadsheet will help you choose a cheaper platform.

Starting a business in such an expensive leveraged way seems mad to me, but then if you can afford to lose it, hey ho.

Mutton_Geoff

Mutton_Geoff said:

I've been a slow and steady investor for years ..

And this still didn't stop me gettting screwed by trusting the Neil Woodford hype or more recently the pain with a couple of my BG investments (American & SMT).

london21

Something seems off about this post. Lots of red flags. 

If you genuinely want to go into BTL why not get a mortgage rather than a loan with 25% interest?

Dazza23 said:

I work full time for the Royal Mail but want to start a buy to let property portfolio. I have a very good verified contact in the BMV property sector so any property purchase would create immediate equity. I am looking for a loan of £60k which I will pay back as a lump sum in 1 year with 25% interest (£75k in total). I have a healthy share portfolio with Hargreaves Lansdown but don’t want to touch this yet as it is going up very quickly (and I can use as collateral).
 I have tried for a Lombard loan against my share portfolio but they state that the shares have to be worth a minimum of £500k.
Any advice greatly appreciated on the best way to acquire the loan?