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vand

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  1. Like
    vand got a reaction from Gav in Silver ETFs   
    I get my fund exposure via spreadbetting on PM ETFs.
    So long as you understand the leverage and your level of exposure you are fine. If necessary I could deposit my entire exposure balance into my spreadbet account. The mistake nearly everyone (including myself in the past) makes is to overleverage because it is easy to do so.
  2. Like
    vand got a reaction from oliversw5 in Paying off the mortgage, one brick at a time   
    Nice going @utoh123. Placing yourself in the position of the buyer in a distress sale is rarely a bad move, and now you have a barely a car-loan sized mortgage.
    It's clear that the current UK govt is tightening the noose around the BTL brigade. A lot of over-leveraged owners and investors/speculators will be hung out to dry in the next downturn, which I maintain will be much considerably worse than 2007-2009 for certain parts of the country. 
  3. Thanks
    vand got a reaction from JCRJM in Interest only mortgage   
    Don't even think about it.
    They're the sort of loan that are popular at the height of credit bubbles because they make payments cheaper.. well of course they're cheaper if you're not paying off any capital.. duh.
    If you have no idea about how to distinguish between principle and interest then imo you are not fit to be taking out a loan of any type. Creditors rely on people who can't make these sort of distinctions for the vast bulk of their profits.
  4. Like
    vand got a reaction from oliversw5 in Paying off the mortgage, one brick at a time   
    Nice going @utoh123. Placing yourself in the position of the buyer in a distress sale is rarely a bad move, and now you have a barely a car-loan sized mortgage.
    It's clear that the current UK govt is tightening the noose around the BTL brigade. A lot of over-leveraged owners and investors/speculators will be hung out to dry in the next downturn, which I maintain will be much considerably worse than 2007-2009 for certain parts of the country. 
  5. Like
    vand reacted to BackyardBullion in Silver mistakes - yours or others   
    Remember that no-one technically makes a loss or profit until things are sold. 
    PM's are not for making a boat load of cash - this might be a happy byproduct of an economic disaster or crash - but generally nobody makes money from PM's, you just preserve wealth.
    The biggest mistake anyone could make is overspending and being forced to sell at a time when it is not right, then you realise a loss!
    As to my worst mistake...got to be a "Tibetan silver" US trade dollar off eBay. Paid £25 for something completely worthless. Not the biggest burn ever!
  6. Like
    vand reacted to oliversw5 in Does size matter ?   
    I am building a business doing this myself...
    I have bought and sold from a 1/20 to a kilo in silver. 
    Anyone who repeats the mantra you will sell at spot, neither has the knowledge or skill set to make money out of this asset class other than luck. To make money you need to 'hustle' for want of a better word. Don't worry about the premiums, have four strategies in mind. 1) buy strong series when they come put and sit on them. 2) See what the benchmark is and beat it with postage in mind...my favourite tactic is to befriend small dealers around the world as different markets value coins differently. By dealing with small dealers you have more room to negotiate a good price as people do business with their friends and also small dealers are price takers rather than price givers. 3) build a core stack that revolves around spot. I sell for spot times 1.3 plus post(for my basic range), I am probably the cheapest guy on the market for coins when people are buying small amounts. Finally 4) diversify into other sizes, this is where you should be making more mark up as the coins are more specialist.
    I will finish the year up with 2k ounces (most probably), now I understand I have more scope when buying and selling and I certainly have more options when times are slow. But eventually everyone who continues stacking will get to the stage where they are self-sufficient. Buying is a real skill and its something you will get better and better at. Selling is simple, you will be a price taker and will have to work to the bar set (which is usually eBay). What you need to understand is that your coins will have a spectrum in regards of time, consider it like baking. Some coins you can sell straight away, others need some time to cook and others need time to grow. So I propose this, forget about premium. Consider your strategies on buying and time, they are the ingredients you need to succeed.
  7. Like
    vand got a reaction from Quantumbomber in Equities going parabolic - Is the crash near?   
    Physical PMs are firstly an insurance policy, secondly a store of value, and only after these roles should they be considered an investment, so do not worry too much about your entry point or if it is up or down by 10% next year, just buy a sensible amount consistently and then be grateful if gold has NOT tripled a few years, for if it has then you know some very bad things are unfolding in the world.
  8. Like
    vand got a reaction from MancunianStacker in UK Interest Rates   
    real rates are still negative; if you are a borrower then the BoE is still doing you a massive favour at the expense of savers.
  9. Like
    vand got a reaction from KDave in Why don't more women have an interest in precious metals   
    It’s the same for any financial/investment topic.
    recent research suggests that men have put aside 3 times into their pension as women.. http://www.thisismoney.co.uk/money/pensions/article-4379326/Average-pension-pot-swells-72-50k-just-two-years.html
     
    in fact, this may be a gross underestimation as I have seen previous studies that suggest the gap is much bigger still.
    Men and women do have different social roles which can influence personal finances, but it is too much to suggest that it can explain this sort of difference. Rather, the truth is probably as simple as the man is still seen as the main provider and breadwinner and women tend to be looked after.
     
  10. Like
    vand got a reaction from MancunianStacker in How much to invest   
    Only buy as much of any investment as you are comfortable holding and which your understanding allows. 
    I would strongly urge NOT to give up on your pension completely. The tax relief alone means the that anything else needs to earn 60% just to get to the same level. Are you completely sure that gold or anything else can do that AND give you a worthwhile return on top? An that is before any employer contributions are taken into account.
  11. Like
    vand got a reaction from ApisMellifera in Do I have a strategy yet?   
    Hey,  don't worry. It's just human nature that when you are getting your teeth into something then you go all-in and live/eat/breath it. But that initial burst of enthusiasm will eventually pass and then you'll either stick with it long term at a sustainable level..or you won't. 
    Ive only been stacking for 20 months and I need an entry on my calendar nowadays to remind me to make my monthly purchase, and otherwise get on with my life.
  12. Like
    vand reacted to MIP in What do you stack and why ?   
    As long as silver is painfully cheap compared to gold (historical ratios) I'll stack the former. If that changes, I'll sell and jump on to the latter.
  13. Like
    vand got a reaction from KDave in When To switch from PMs to Stocks?   
     
    Yes, timing is the trickiest part.
    It doesn't take a genius to look at some ratios and say what is cheap and what is expensive based on historical ranges, but the problem we all have as investors have is that our lifespan is finite while the market's is not, and it hardly ever works to the timescales that best suit us.
    That's why my strategies are based around buying/selling/swapping in chunks; never all in one go. You will never consistently be able to pick market tops and bottoms. But if you are consistent and disciplined in your approach then I do believe that it's possible to be buying/selling at what will prove relatively good points in the cycle.
    Shares are over-valued and the bull market is so old now, but in all honesty who would be surprised if this continued for another 24 months? How about 36-48 months? It's has defied logic and valuations for so long now why shouldn't it do it for a while longer? In the grand scheme of things I believe that we will see the downside of the cycle before the end of my working lifetime, so does it really matter?
    Sentiment is another thing. At the bottom of a bear market that has already fallen 80% nobody bats an eyelid when the market bounces 20%; I mean, who cares when you've just lost 80%?! But when there are new highs made at the top of bull markets everyone gets massively excited when the market notches another 5% all time high.. My point is that sentiment all depends on how long you have been invested in the market and your entry point. Last time I checked a 20% return was much better than a 5% return, but that is clouded by what the market has done before, regardless of whether you were invested in it or not. 
     
    another way to look at asset allocation..
    (Look at how well the Bonds & Stocks vs PMs negatively correlate over a 10 year return..)
     
     
  14. Like
    vand got a reaction from KDave in When To switch from PMs to Stocks?   
     
    Yes, timing is the trickiest part.
    It doesn't take a genius to look at some ratios and say what is cheap and what is expensive based on historical ranges, but the problem we all have as investors have is that our lifespan is finite while the market's is not, and it hardly ever works to the timescales that best suit us.
    That's why my strategies are based around buying/selling/swapping in chunks; never all in one go. You will never consistently be able to pick market tops and bottoms. But if you are consistent and disciplined in your approach then I do believe that it's possible to be buying/selling at what will prove relatively good points in the cycle.
    Shares are over-valued and the bull market is so old now, but in all honesty who would be surprised if this continued for another 24 months? How about 36-48 months? It's has defied logic and valuations for so long now why shouldn't it do it for a while longer? In the grand scheme of things I believe that we will see the downside of the cycle before the end of my working lifetime, so does it really matter?
    Sentiment is another thing. At the bottom of a bear market that has already fallen 80% nobody bats an eyelid when the market bounces 20%; I mean, who cares when you've just lost 80%?! But when there are new highs made at the top of bull markets everyone gets massively excited when the market notches another 5% all time high.. My point is that sentiment all depends on how long you have been invested in the market and your entry point. Last time I checked a 20% return was much better than a 5% return, but that is clouded by what the market has done before, regardless of whether you were invested in it or not. 
     
    another way to look at asset allocation..
    (Look at how well the Bonds & Stocks vs PMs negatively correlate over a 10 year return..)
     
     
  15. Like
    vand got a reaction from KDave in When To switch from PMs to Stocks?   
    The reason why I wanted to open this discussion is because PMs are the asset class that most negatively correlate with stocks. It makes sense when you consider the different and opposite nature of the two.
    Good times to hold PMs are generally bad times to hold stocks and vice versa. 
    Making a fortune is hard; making a fortune and keeping it is even harder, and being in the right asset class to grow/preserve wealth is key to that. 
  16. Like
    vand got a reaction from Oldun in Today I bought.....   
    Are there any common or garden variety stackers still around? Or have you all progressed to slabbed numismatic collecting snobs?
    I only ask because, well because basic silver is very cheap at the moment, but judging by the posts on this thread nobody gets excited unless it comes in a case and has a mintage in single figures..
     
    (I just bought my monthly 20-something ounces of boring silver FWIW).
  17. Like
    vand got a reaction from Oldun in Bullion vs Graded - merits, demerits and timing   
    The thing is that most of the posts from long-timers on TSF revolve around graded and high premium stuff. I think there are a couple of reasons for this:
     
    1. They have obviously been around for a long time and really know their stuff when it comes to numismatics. Most people, even most people who own PMs have next to no knowledge of this tiny segment of the market.
    2. This may be a bit controversial, but I think there is some truth in it... Basically, silver bugs have been largely disappointed for a LONG time now. Bear market for 2011 to late 2015 and then bouncing around near this level for near 2 years since.  During such bear markets you get a LOT of people falling by the wayside as they lose interest. This is what makes it a bear market. I think the people who are now into graded stuff have done it largely as a response to a long period of falling/low spot prices.  Let's face it, if silver just went up and up for many years there would be much more interest and excitement about basic bullion silver and much less incentive to get everything slabbed as a way of maximizing premium.
     
     
  18. Like
    vand got a reaction from Oldun in Today I bought.....   
    Are there any common or garden variety stackers still around? Or have you all progressed to slabbed numismatic collecting snobs?
    I only ask because, well because basic silver is very cheap at the moment, but judging by the posts on this thread nobody gets excited unless it comes in a case and has a mintage in single figures..
     
    (I just bought my monthly 20-something ounces of boring silver FWIW).
  19. Like
    vand got a reaction from Oldun in Bullion vs Graded - merits, demerits and timing   
    The thing is that most of the posts from long-timers on TSF revolve around graded and high premium stuff. I think there are a couple of reasons for this:
     
    1. They have obviously been around for a long time and really know their stuff when it comes to numismatics. Most people, even most people who own PMs have next to no knowledge of this tiny segment of the market.
    2. This may be a bit controversial, but I think there is some truth in it... Basically, silver bugs have been largely disappointed for a LONG time now. Bear market for 2011 to late 2015 and then bouncing around near this level for near 2 years since.  During such bear markets you get a LOT of people falling by the wayside as they lose interest. This is what makes it a bear market. I think the people who are now into graded stuff have done it largely as a response to a long period of falling/low spot prices.  Let's face it, if silver just went up and up for many years there would be much more interest and excitement about basic bullion silver and much less incentive to get everything slabbed as a way of maximizing premium.
     
     
  20. Like
    vand got a reaction from Jeffers46 in Double figure yields on fully sourced and managed properties.   
    Another dyed in the wool BTLer who thinks that the UK property can continue to outstrip general inflation and wages ad infintum.
    The yields you talk about are only available on s^£tholes that nobody would actually want to live in, with high maintenance costs and high probability of voids or problem tenants.
     
  21. Like
    vand got a reaction from Oldun in Bullion vs Graded - merits, demerits and timing   
    The thing is that most of the posts from long-timers on TSF revolve around graded and high premium stuff. I think there are a couple of reasons for this:
     
    1. They have obviously been around for a long time and really know their stuff when it comes to numismatics. Most people, even most people who own PMs have next to no knowledge of this tiny segment of the market.
    2. This may be a bit controversial, but I think there is some truth in it... Basically, silver bugs have been largely disappointed for a LONG time now. Bear market for 2011 to late 2015 and then bouncing around near this level for near 2 years since.  During such bear markets you get a LOT of people falling by the wayside as they lose interest. This is what makes it a bear market. I think the people who are now into graded stuff have done it largely as a response to a long period of falling/low spot prices.  Let's face it, if silver just went up and up for many years there would be much more interest and excitement about basic bullion silver and much less incentive to get everything slabbed as a way of maximizing premium.
     
     
  22. Like
    vand reacted to oliversw5 in Today I bought.....   
    I stack and collect. So yes. 
    They have different strategies but I aim to have 2500 governmental coins by April.
    ** Also a lot of people who buy from me buy purely just governmental coins. Some by the coin some by the tube.
  23. Like
    vand got a reaction from Oldun in Today I bought.....   
    Are there any common or garden variety stackers still around? Or have you all progressed to slabbed numismatic collecting snobs?
    I only ask because, well because basic silver is very cheap at the moment, but judging by the posts on this thread nobody gets excited unless it comes in a case and has a mintage in single figures..
     
    (I just bought my monthly 20-something ounces of boring silver FWIW).
  24. Like
    vand got a reaction from billyg2355 in Platinum - who's buying?   
    Platinum just hit $904. With gold at $1250, this means the gold:plat ratio is 1.38, a level it has only touched briefly for 2 or 3 sessions in the last.. 100 years.
    That's too cheap. I'm buying (via ETF). 
    Anyone else?
    http://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24PLAT&p=W&st=1990-05-01&en=(today)&id=p77835177339
     
     
  25. Like
    vand got a reaction from Madstacks in Paying off the mortgage, one brick at a time   
    The long term plan is progressing very nicely indeed.
    Since writing this last year we've knocked off another 15% from the outstanding value of the mortgage.
    Additionally I've now fully paid off my (0%) credit card, so going forward we'll that bit more cash positive.
    We are still in the discounted period of our fixed rate, so there is no point in overpaying it more than 10%pa as they will charge us, so we pay as much as makes sense and then stockpile the rest of cash (of course some of it also goes into PMs). The discount rate ends on Sept 30th 2018 and then on 1st Oct I'm planning to make a single huge overpayment that will then bring the outstanding amount down to the size of a car loan.  All in all, I'm hoping to have the whole thing paid off within a year after that.
    Looking forward to the day we make that final payment.. I don't think it's too far off now!