• The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

vand

Member
  • Content count

    553
  • Joined

  • Last visited

  • Days Won

    1
  • Feedback

    0%
  • Country

    United Kingdom

Reputation Activity

  1. Like
    vand got a reaction from Jester in Somalia Elephant 2018   
    I like the design, but Elephants are one of the coins most susceptible to milking so I'll swerve. 
  2. Like
    vand got a reaction from Myblueheaven in Advice on starting to flip with £100 only   
    27 in a row is just short term variance. what about those streaks that ended after just 4 or 5?
    You will lose once in 10 on average and struggle to break even.
    Good luck trying but the betting markets are remarkably efficient over the long run and odds are exactly what they say on the tin. Unless you can mathematically prove that you are getting value then you don't have a winning strategy.
  3. Like
    vand got a reaction from Myblueheaven in Advice on starting to flip with £100 only   
    forget about the flipping, dude.
    It can be done unless you can but in big enough quantities to make p&p negligible then don't bother
    Forget about any sort of short term trading too. Most likely you'll just lose money.
     
    Look into matched betting; it's a pretty safe and easy way to make a few hundred £££ in easy free cash. Depending on your aptitude for it and the amount of time you are willing to put into it to then it can become a viable way to have a steady 2nd income.
  4. Like
    vand got a reaction from Roy in Paying off the mortgage, one brick at a time   
    Maybe a bit more, but I'm quite happy with my level of PM purchasing at the moment. And besides, who knows what other opportunities will be around in 18-24 months' time. Maybe the stock market will have crashed by then and it'll be a good time to start buying equities? Maybe the housing market will have crashed and it would be a chance to move to a bigger place, which we would like to do eventually regardless. I would also probably increase my pension contributions which should hopefully benefit me greatly for when the day starts to arrive that I start to think about cashing it out. Having the extra cashflow really does open up all sort of possibilities. I'm reminded of the saying that "poor people spend their income and invest anything that is left over" while rich people "invest their income and spend what is left over". That's not to denigrate those on lower income who find it challenging to find enough to invest, but it is about the mindset that you need to have if you want to eventually make your capital work just as hard for you as you did to to earn it.
  5. Like
    vand got a reaction from morezone 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!
  6. Like
    vand got a reaction from realbluegold in Paying off the mortgage, one brick at a time   
    We're not there just yet, but my long term strategy which I insisted on when we bought our flat 5 years ago is now closer to the end that it is to the beginning.
    When we bought our flat in 2011 we paid exactly £250k for it and we had already saved up 20% deposit. We got what I considered a fairly priced place at that time, but remember than lending was very tight during that year and we certainly had to jump through a few hoops in order to make it all happen. We could also have stretched ourselves and got a bigger place, but frankly I didn't want to. Our plan was always to buy modestly and overpay the mortgage on it as much as we could so we could own it outright within 10 years.
    Now, 5 years on, we are well over half way there.. our monthly overpayments bought the loan down a little each month, but we did not readjust our payments, we kept putting a fixed amount in each month, so as well as the principle coming down, the interest would come down even more every month.  5 years ago we were paying £600/month in interest, today we are paying around just £250/month.
    We've been fortunate enough to have stable employment during this time and a few pay rises along the way - nothing spectacular, but year on year it all adds up and life becomes a little easier. In the last year I've found another useful income stream, so we the day that we make the final payment will hopefully be even sooner than we initially planned. 
    I just share this because I feel it just shows you the value of putting in a long term plan and sticking to it. Without taking action when we did we'd no doubt be lining some landlord's pockets with £16k/year. Not that there's anything wrong with renting - but if you're renting because you don't have a long term plan then you are indeed just perpetually throwing good money away and wasting the part of your life that you spent earning it. I've certainly squandered a lot of money and opportunity in my youth (who hasn't?) but as you get a bit older and wiser you learn patience take a longer term view on things. We've lived well within our means and sacrificed plenty of little luxuries along the way, but also we have found interests that have been life enhancing which are (almost) free. 
    All this, and I still plan on stacking PMs over the next few years, in fact I would say that the mortgage plan coming to maturity has indeed given us the financial freedom to invest in PMs, as well as a degree of financial security in other ways too.
  7. Like
    vand got a reaction from morezone 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!
  8. Like
    vand got a reaction from morezone 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!
  9. Like
    vand got a reaction from morezone 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!
  10. Like
    vand got a reaction from realbluegold in Paying off the mortgage, one brick at a time   
    We're not there just yet, but my long term strategy which I insisted on when we bought our flat 5 years ago is now closer to the end that it is to the beginning.
    When we bought our flat in 2011 we paid exactly £250k for it and we had already saved up 20% deposit. We got what I considered a fairly priced place at that time, but remember than lending was very tight during that year and we certainly had to jump through a few hoops in order to make it all happen. We could also have stretched ourselves and got a bigger place, but frankly I didn't want to. Our plan was always to buy modestly and overpay the mortgage on it as much as we could so we could own it outright within 10 years.
    Now, 5 years on, we are well over half way there.. our monthly overpayments bought the loan down a little each month, but we did not readjust our payments, we kept putting a fixed amount in each month, so as well as the principle coming down, the interest would come down even more every month.  5 years ago we were paying £600/month in interest, today we are paying around just £250/month.
    We've been fortunate enough to have stable employment during this time and a few pay rises along the way - nothing spectacular, but year on year it all adds up and life becomes a little easier. In the last year I've found another useful income stream, so we the day that we make the final payment will hopefully be even sooner than we initially planned. 
    I just share this because I feel it just shows you the value of putting in a long term plan and sticking to it. Without taking action when we did we'd no doubt be lining some landlord's pockets with £16k/year. Not that there's anything wrong with renting - but if you're renting because you don't have a long term plan then you are indeed just perpetually throwing good money away and wasting the part of your life that you spent earning it. I've certainly squandered a lot of money and opportunity in my youth (who hasn't?) but as you get a bit older and wiser you learn patience take a longer term view on things. We've lived well within our means and sacrificed plenty of little luxuries along the way, but also we have found interests that have been life enhancing which are (almost) free. 
    All this, and I still plan on stacking PMs over the next few years, in fact I would say that the mortgage plan coming to maturity has indeed given us the financial freedom to invest in PMs, as well as a degree of financial security in other ways too.
  11. Like
    vand got a reaction from morezone 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!
  12. Like
    vand got a reaction from morezone 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!
  13. Like
    vand got a reaction from realbluegold in Paying off the mortgage, one brick at a time   
    We're not there just yet, but my long term strategy which I insisted on when we bought our flat 5 years ago is now closer to the end that it is to the beginning.
    When we bought our flat in 2011 we paid exactly £250k for it and we had already saved up 20% deposit. We got what I considered a fairly priced place at that time, but remember than lending was very tight during that year and we certainly had to jump through a few hoops in order to make it all happen. We could also have stretched ourselves and got a bigger place, but frankly I didn't want to. Our plan was always to buy modestly and overpay the mortgage on it as much as we could so we could own it outright within 10 years.
    Now, 5 years on, we are well over half way there.. our monthly overpayments bought the loan down a little each month, but we did not readjust our payments, we kept putting a fixed amount in each month, so as well as the principle coming down, the interest would come down even more every month.  5 years ago we were paying £600/month in interest, today we are paying around just £250/month.
    We've been fortunate enough to have stable employment during this time and a few pay rises along the way - nothing spectacular, but year on year it all adds up and life becomes a little easier. In the last year I've found another useful income stream, so we the day that we make the final payment will hopefully be even sooner than we initially planned. 
    I just share this because I feel it just shows you the value of putting in a long term plan and sticking to it. Without taking action when we did we'd no doubt be lining some landlord's pockets with £16k/year. Not that there's anything wrong with renting - but if you're renting because you don't have a long term plan then you are indeed just perpetually throwing good money away and wasting the part of your life that you spent earning it. I've certainly squandered a lot of money and opportunity in my youth (who hasn't?) but as you get a bit older and wiser you learn patience take a longer term view on things. We've lived well within our means and sacrificed plenty of little luxuries along the way, but also we have found interests that have been life enhancing which are (almost) free. 
    All this, and I still plan on stacking PMs over the next few years, in fact I would say that the mortgage plan coming to maturity has indeed given us the financial freedom to invest in PMs, as well as a degree of financial security in other ways too.
  14. Like
    vand got a reaction from morezone 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!
  15. Like
    vand got a reaction from KDave in Gold Monitoring Thread £ only   
     
    Don't let short term price fluctuations change your big-picture view.
    If gold was undervalued last week then it is still undervalued this week, no matter what the price may have done.
    The worst thing you can do is to agonise over every price movement, holding off in the hope that the price dips, then buying then getting angry that it keeps falling, then holding off and being too afraid to buy more because it is still falling, then cursing because it is going up and you didn't pull the trigger, etc etc.
    You see how this works? 
    Markets are mechanisms that do a wonderful job of transferring wealth from the impatient to the patient. Have an accumulation strategy so that you aren't put off by short term fluctuations, then go and execute it. 
     
  16. Like
    vand got a reaction from Rleafs in What's your reason for stacking/collecting?!?   
    All of the usual reasons:
    insurance, hedge against fiat, hobby.. and because everything else is grossly overpriced.
  17. Like
    vand reacted to SilvergunSuperman in £GBP heading to oblivion   
    Bear in mind that a currency being the 'strongest in 2018' just means that its inexorable descent toward worthlessness is temporarily moving at a slower pace than some others 
  18. Like
    vand got a reaction from KDave in Gold Monitoring Thread £ only   
     
    Don't let short term price fluctuations change your big-picture view.
    If gold was undervalued last week then it is still undervalued this week, no matter what the price may have done.
    The worst thing you can do is to agonise over every price movement, holding off in the hope that the price dips, then buying then getting angry that it keeps falling, then holding off and being too afraid to buy more because it is still falling, then cursing because it is going up and you didn't pull the trigger, etc etc.
    You see how this works? 
    Markets are mechanisms that do a wonderful job of transferring wealth from the impatient to the patient. Have an accumulation strategy so that you aren't put off by short term fluctuations, then go and execute it. 
     
  19. Like
    vand got a reaction from augur in Want to start investing in gold   
    Bit late to this thread, here is my 2p..
     
    - Firstly, £1000-£1500 is a very nice amount of investable  income to have, and I believe that anyone in such a position can do very well over the timeframe suggested if they make sensible decisions. But is it a sustainable amount? You may get a buzz from the first few coins that arrive through the post, but its not realistic to expect to have the same enthusiasm for it in a 12 or 24 months time. Putting in only what you can comfortably see yourself getting by without is a sensible way to go about it. 
    - If you have high interest debts that still need to be clear, then you should do that first. If you can't clear your debts or at least have a firm plan in place to do so then stacking PMs on top of that is like trying to build a house on quicksand
    - Have a long term strategy in place. have the mindset of "accumulating over a long period" rather than just "buying". 
    - You should also consider other investments because Gold is insurance before it is an investment.  You MUST understand this if you are to not be shaken out and become disillusioned. If you can take advantage of a pension scheme then do so, for the tax advantages (and any employer contributions) are a massive advantage to have in your favour. You're already lost 45% in tax before you bought an oz of gold.  Most of the time people hope they don't need to draw on their insurance.  There is wise saying of "put 10% into gold and hope it does badly".  
    - I'm not an expert of different gold coins, to me it is all just gold. I just buy what lowish-premium coins I like and would say that this is good advice for anyone starting out.
    - Don't expect the world to change just because you are buying. It may do, but probably won't. Gold doesn't care that you own some. Don't take it personally if in 5 years time your investments are still under water. 
  20. Like
    vand reacted to KDave in What's your reason for stacking/collecting?!?   
    I love gold and silver that's the main reason. I used to do it for various reasons like preserving purchasing power, as an investment, as diversification, as insurance, but now it's just spare money going into it I can be more honest with myself 
  21. Like
    vand got a reaction from augur in Want to start investing in gold   
    Bit late to this thread, here is my 2p..
     
    - Firstly, £1000-£1500 is a very nice amount of investable  income to have, and I believe that anyone in such a position can do very well over the timeframe suggested if they make sensible decisions. But is it a sustainable amount? You may get a buzz from the first few coins that arrive through the post, but its not realistic to expect to have the same enthusiasm for it in a 12 or 24 months time. Putting in only what you can comfortably see yourself getting by without is a sensible way to go about it. 
    - If you have high interest debts that still need to be clear, then you should do that first. If you can't clear your debts or at least have a firm plan in place to do so then stacking PMs on top of that is like trying to build a house on quicksand
    - Have a long term strategy in place. have the mindset of "accumulating over a long period" rather than just "buying". 
    - You should also consider other investments because Gold is insurance before it is an investment.  You MUST understand this if you are to not be shaken out and become disillusioned. If you can take advantage of a pension scheme then do so, for the tax advantages (and any employer contributions) are a massive advantage to have in your favour. You're already lost 45% in tax before you bought an oz of gold.  Most of the time people hope they don't need to draw on their insurance.  There is wise saying of "put 10% into gold and hope it does badly".  
    - I'm not an expert of different gold coins, to me it is all just gold. I just buy what lowish-premium coins I like and would say that this is good advice for anyone starting out.
    - Don't expect the world to change just because you are buying. It may do, but probably won't. Gold doesn't care that you own some. Don't take it personally if in 5 years time your investments are still under water. 
  22. Like
    vand got a reaction from augur in Want to start investing in gold   
    Bit late to this thread, here is my 2p..
     
    - Firstly, £1000-£1500 is a very nice amount of investable  income to have, and I believe that anyone in such a position can do very well over the timeframe suggested if they make sensible decisions. But is it a sustainable amount? You may get a buzz from the first few coins that arrive through the post, but its not realistic to expect to have the same enthusiasm for it in a 12 or 24 months time. Putting in only what you can comfortably see yourself getting by without is a sensible way to go about it. 
    - If you have high interest debts that still need to be clear, then you should do that first. If you can't clear your debts or at least have a firm plan in place to do so then stacking PMs on top of that is like trying to build a house on quicksand
    - Have a long term strategy in place. have the mindset of "accumulating over a long period" rather than just "buying". 
    - You should also consider other investments because Gold is insurance before it is an investment.  You MUST understand this if you are to not be shaken out and become disillusioned. If you can take advantage of a pension scheme then do so, for the tax advantages (and any employer contributions) are a massive advantage to have in your favour. You're already lost 45% in tax before you bought an oz of gold.  Most of the time people hope they don't need to draw on their insurance.  There is wise saying of "put 10% into gold and hope it does badly".  
    - I'm not an expert of different gold coins, to me it is all just gold. I just buy what lowish-premium coins I like and would say that this is good advice for anyone starting out.
    - Don't expect the world to change just because you are buying. It may do, but probably won't. Gold doesn't care that you own some. Don't take it personally if in 5 years time your investments are still under water. 
  23. Like
    vand reacted to KDave in Want to start investing in gold   
    Apologies if I am repeating what you already know or has already been said;
    Investing based on past performance alone is a mistake. History is no guarantee. There are far better cases to own some gold than its excellent price chart.  
    Cost averaging in is the single best way to even out volatility while tracking the market return over time, can't fault your plan for buying monthly at all. There is no guarantee that there will be a return over time of course. 
    If I was saving for that length of time (and I am) I would diversify. If investing short term, then forget gold all together in my opinion. You might get lucky with timing, but the odds are against it.
    Use time to your advantage and get some compounding going on. Gold is good and everything, but one ounce will still be one ounce in 20 years time, it doesn't create any new wealth, mainly it just preserves it; it acts like cash that doesn't pay interest and tracks inflation (long term). A good long term savings vehicle yes, an investment, arguable.
  24. Like
    vand got a reaction from KDave in Gold Monitoring Thread £ only   
     
    Don't let short term price fluctuations change your big-picture view.
    If gold was undervalued last week then it is still undervalued this week, no matter what the price may have done.
    The worst thing you can do is to agonise over every price movement, holding off in the hope that the price dips, then buying then getting angry that it keeps falling, then holding off and being too afraid to buy more because it is still falling, then cursing because it is going up and you didn't pull the trigger, etc etc.
    You see how this works? 
    Markets are mechanisms that do a wonderful job of transferring wealth from the impatient to the patient. Have an accumulation strategy so that you aren't put off by short term fluctuations, then go and execute it. 
     
  25. Like
    vand got a reaction from augur in Want to start investing in gold   
    Bit late to this thread, here is my 2p..
     
    - Firstly, £1000-£1500 is a very nice amount of investable  income to have, and I believe that anyone in such a position can do very well over the timeframe suggested if they make sensible decisions. But is it a sustainable amount? You may get a buzz from the first few coins that arrive through the post, but its not realistic to expect to have the same enthusiasm for it in a 12 or 24 months time. Putting in only what you can comfortably see yourself getting by without is a sensible way to go about it. 
    - If you have high interest debts that still need to be clear, then you should do that first. If you can't clear your debts or at least have a firm plan in place to do so then stacking PMs on top of that is like trying to build a house on quicksand
    - Have a long term strategy in place. have the mindset of "accumulating over a long period" rather than just "buying". 
    - You should also consider other investments because Gold is insurance before it is an investment.  You MUST understand this if you are to not be shaken out and become disillusioned. If you can take advantage of a pension scheme then do so, for the tax advantages (and any employer contributions) are a massive advantage to have in your favour. You're already lost 45% in tax before you bought an oz of gold.  Most of the time people hope they don't need to draw on their insurance.  There is wise saying of "put 10% into gold and hope it does badly".  
    - I'm not an expert of different gold coins, to me it is all just gold. I just buy what lowish-premium coins I like and would say that this is good advice for anyone starting out.
    - Don't expect the world to change just because you are buying. It may do, but probably won't. Gold doesn't care that you own some. Don't take it personally if in 5 years time your investments are still under water.