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It's interesting to see the differences of opinions you have on here JC, and with the same people I have differences of opinions with.
If they're doing something (or not as the case may be), it's the best thing since sliced bread. But if it's someone else, they're all over it with the negativity, and then when you call them up on it they try and back-track.
" You are right I don’t comment on what I do, simple reason for that I bought my BTLs a number of years ago and am happy to take the income from them so nothing to share in terms of strategy. I am not looking to expand or sell a service. I also think the market is due a significant correction "Well done JC, you finally got the truth out of good old Essex LL. Shame that as he/she/it has blocked me they won't be able to see this answer, but everyone who matters (the rest of the forum basically) will ;->
So basically, they're doing nothing but doesn't mind putting down your purchases. That is a pretty negative mindset? Interesting that, they'd rather do nothing than do something. I think the part I bolded may be the reason they have for not doing so? Oh well, I guess that's what daytime TV is for.Keep doing what you're doing!
You just seem to pick pick pick on other peoples stuff . But I guess all forums need pickers
In fairness you tend to pick pick pick on anyone who doesn't think 100% of net worth should be in highly leveraged property.
True . I love picking myself . I do so to for two main reasons I think
1) To explore fear in humans and to show their perception of risk is often at odds to the actual risk
2) To explore comparable investment strategies in other asset classes or businesses
I want myself and others to feel the fear and then not be fearful
I want to invest in a pension at a push of a button to get a 40% gain in 30 days like has been intimated
Picking at it reveals the facts - that alas you cant get 40% back - but in property you possibly can
Jonathan Clarke. http://www.buytoletmk.com
I agree with your sentiment, however I think you use the word "fear" too freely, just because someone doesn't want to neccesarily follow the same strategy as you, it doesn't mean they're too scared to do it, in my case it's a measured business decision I've taken, nothing to do with fear.
Its a fair comment and yes and i probably overuse it and probably deliberately so sometimes as a comment to prod and provoke a reaction
Years ago I read the book - `Fear the Fear and do it anyway` and pointed that fear at myself
It helped me escape procrastination which is a common theme in humans I think
But for some like yourself you are right its a measured decision not to invest - not fear
Others less so they maybe want / need direction and that extra kick in the butt to get started / continue
I recall John Paul from Castledene talking I think about a mentor he had
The mentor stared him in the eye when he saw self doubt about what he could achieve
And the mentor to toughen him up screwed up his face and just said.......
Look and Weep
Yes it can be done no problem
if an investor wanted to do that I would suggest they put the money in a cash fund
it would be unwise to buy equity for such a short period
and it may be unwise from a tax point of view to do so but that’s another story
pension freedom has changed pension
Learn Change and Adapt ?????
All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.
Ok so i can put in 60p to get 100p back in 30 days but its not worth the hassle
You say I cant do 60K to 100K
Whats my limit then please ?
I think the problem is you don’t understand pension which is fine most don’t
even with pension freedom
pensions are nothing more than a tax efficient tool
i had not used them since I left work and it’s only with the advent of company ownership and self employed earnings that I now favour them
pension have there limits 40k a year
but it’s 40 k opportunity
and with prices going up in the north the opportunity to buy yields which I find acceptable are now limited
the southern landlords are buying in the north
so I am happy just to sit on what I have manage it the best way I can and use taxfree oppertunites
I have a new side line now car registration numbers but that’s another stiryb
I have a pension so yes i know how they work in principle
So I can`t invest you say 60K on 2nd April and withdraw 100K on April 30th due to regulatory limits
So my revised question is
If I buy 40K in funds on April 2nd what is the max i can be paid back on April 30th ?
Around 67K on a pro rata basis I guess according to your 60p to 100p example
On site today spending 15K to make 40K
Property allows me to do that 10 times a month 12 mths of the year if I have enough cash and time
That`s 3 million quid
Better than 40% relief on 1 x 40K pa in my view
But yes 40% relief s a nice gift and shouldn't be ignored even though its not a 40% gain
Pension freedom should never be confused though with property freedom
Pensions freedom is only a part freedom in my view - bit like being tagged on leaving prison .