• 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

    1,365
  • Joined

  • Last visited

  • Feedback

    0%
  • Country

    United Kingdom

Reputation Activity

  1. Thanks
    vand got a reaction from Draconicus in Counterfeit "silver" coins sold on Ebay   
    To misquote Master Yoda: If into Ebay you look, only pain will you find.
  2. Like
    vand reacted to KDave in The ridiculousness of doing business in the UK on eBay   
    When I bring up the issue of taxes here people say that is just the cost of a good society or some other BS. People want free health service, free childcare and free school meals, bennies for all, someone has to pay for it. 
    Claw as much of that tax back from the scum in government as possible. Use every allowance. Claim everything back, every penny of tax on every drop of fuel for your car (now a business asset), ect.  
  3. Like
    vand got a reaction from KDave in Where's Platinum Heading ?   
    In my view the Pt/Pd ratio should really have bottomed in 2015 when it was 1.5 and bounced almost back to 2.0.... but then the VW emissions scandal came along and extended the ratio the next 3 years to the downside, a further fall from roughly ~1.8 down a to bottom of about ~0.55. 
    Recent price action suggests that this is going revert back towards to the mean..
     

  4. Like
    vand reacted to DanShanks in Is it time to convert your gold to silver?.   
    Dom Frisby makes some good points here
     
    https://moneyweek.com/503245/silver-looks-cheap-compared-to-gold-so-should-you-sell-gold-and-buy-silver/
  5. Like
    vand got a reaction from kneehow2018 in Where's Platinum Heading ?   
    What goes down must come up
  6. Like
    vand reacted to Gildeon in What is a reasonable premium per Oz for your stack?   
    I think the figures for Europe and US are pretty different. People in US can definitely buy cheaper but they will also have to sell cheaper locally.
    Personally I have split my stack in three:
    Junk silver - trying to buy as close to spot as possible. It will be easy to sell close to spot again, creates variety and also increases volume, which can be desirable in early days of stacking. But this can turn to problem if you accumulate more and more. Bullion - with the lowest premium I can find. Although sometimes I get dragged to things I like, like bars or certain coins which are not necessarily the cheapest. Semi-numismatic - Stuff I believe it will attract higher premiums in the future. I use this as an alternative, in the case that spot price will not grow considerably by the time I will decide to sell. Sometimes I buy close to spot with the hope of appreciation (newer Queen's Beasts for example) and others I buy already with a premium (like Scottsdale Leopards or China Dragon Dollars). Of course the lines between the above are not always very clear. For example I have some cast bars, I don't believe they will increase their premium but hope they will maintain it.  
  7. Like
    vand got a reaction from KDave in Platinum - who's buying?   
    There will be plenty of time to watch how this plays out. The long term cycle has lasted an average of 86 months in each direction, but given how long the last trend has lasted, I think the next trend the other way will also be longer than this average.
     
    IMO Pt is a "buy of the decade" type opportunity while the Pt/Pd ratio remains below 1 and/or Pt/Au ratio remains below 0.75.
    And in accordance with "buy of the decade" you should be happy enough to hold it for a decade
  8. Like
    vand got a reaction from KDave in Platinum - who's buying?   
    We have clear breakout!
  9. Like
    vand got a reaction from Fastnick in Platinum - who's buying?   
    We have clear breakout!
  10. Like
    vand reacted to mr-dead in Refining silver with acid   
    Me after trying to refine silver with acid

  11. Like
    vand got a reaction from KDave in Buy 1 coin per time or in bulk?   
    All in costs are everything. That should not even be up for discussion.
  12. Like
    vand got a reaction from Tn21 in Son wants to start investing   
    which wrapper to choose is a secondary question, more important imo is to ground them with a solid investment philosophy.  When I first started out I made just about every mistake under the sun because I didn't yet have a well-defined philosophy that had been forged from experience in the markets and the pain of loss.
     
  13. Like
    vand got a reaction from AuricGoldfinger in The Permanent Portfolio   
    You make money exploiting the spread between buying AND selling, and not until you have done both. This is just a truism. Anyone who claims otherwise is only seeing half the picture.
    The difference between the price of your entry position and the current market price is equity. It doesn't actually become money (profit or loss) until you have closed your position.
    The only exception to this is when you receive a dividend payout from the stock; this is profit from holding the stock, and is very real.
    If you want to challenge this, I suggest you try filing a tax receipt with your theoretical profits/losses from your open positions
  14. Haha
    vand got a reaction from Alex in Late to the game?   
    Stackers' lesson #1: the price doesn't have to go up just because you bought some.
  15. Like
    vand got a reaction from JosephM in The Permanent Portfolio   
    Starting a topic on this strategy because I find it one of the most intriguing and compelling ideas.
    The PP was originally devised by Harry Browne in the 1980s as an "all-weather" portfolio consisting of
    25% equities
    25% government bonds
    25% cash/short-term treasuries
    25% gold
    The basic premise is that by having these 4 assets your portfolio will have at least one asset class that will thrive in any economic condition. Also, by periodically rebalancing, you are automatically ensuring that you sell asset classes that are overpriced and buying assets that are underpriced
    Historical modelling of the PP shows that it produces a remarkably good risk-adjusted return that would almost certainly put 100% of professional money managers to shame.
    Over the years there have been many variation on the PP, but the original still holds up remarkably well and in fact has outperformed nearly all of the variants.
     
    more to follow..
  16. Thanks
    vand got a reaction from Abyss in The Permanent Portfolio   
    This is my breakdown:

     
     
    Notes- 
    Take those Equities/Bonds/Hard Assets/Cash totals with a pinch of salt. In reality my equities exposure is very skewed towards commodities, Asia, and emerging markets, with very little exposure in developed markets.

    Cash seems high at 33%, but in reality I need a lot of cash to fund my APing operations. This is actually the part of my portfolio that is earning the most (by far!). 
    This is very much a WIP and I expect it to morph considerably over the next 12-24 months!
  17. Like
    vand reacted to Abyss in The Permanent Portfolio   
    I came across the following YouTube video and I thought was very insightful. My portfolio currently stands
    25% Indian equity mutual funds
    25% Indian Government bonds
    45% UK rental properties
    5% Physical Silver/Gold
     
  18. Like
    vand got a reaction from Abyss in The Permanent Portfolio   
    Starting a topic on this strategy because I find it one of the most intriguing and compelling ideas.
    The PP was originally devised by Harry Browne in the 1980s as an "all-weather" portfolio consisting of
    25% equities
    25% government bonds
    25% cash/short-term treasuries
    25% gold
    The basic premise is that by having these 4 assets your portfolio will have at least one asset class that will thrive in any economic condition. Also, by periodically rebalancing, you are automatically ensuring that you sell asset classes that are overpriced and buying assets that are underpriced
    Historical modelling of the PP shows that it produces a remarkably good risk-adjusted return that would almost certainly put 100% of professional money managers to shame.
    Over the years there have been many variation on the PP, but the original still holds up remarkably well and in fact has outperformed nearly all of the variants.
     
    more to follow..
  19. Like
    vand got a reaction from Pipers in The Permanent Portfolio   
    You make money exploiting the spread between buying AND selling, and not until you have done both. This is just a truism. Anyone who claims otherwise is only seeing half the picture.
    The difference between the price of your entry position and the current market price is equity. It doesn't actually become money (profit or loss) until you have closed your position.
    The only exception to this is when you receive a dividend payout from the stock; this is profit from holding the stock, and is very real.
    If you want to challenge this, I suggest you try filing a tax receipt with your theoretical profits/losses from your open positions
  20. Like
    vand got a reaction from Ansel in Paying off the mortgage, one brick at a time   
    Done & dusted. Final payment made! TBH it has still to sink in.. I don't have any particular "weight off my shoulders" feeling. I guess I've been anticipating the day for a while now, so it just feels like another day in our long term plan. 
    With this cornerstone of our long term financial plan in place,  the focus now shifts to accumulating more investable assets. 
    Some numbers:
    Total principle paid: £187,500 (75% LTV)
    total interest paid: £30,450
    Total time: 7yrs 4 months
    Interest rate: 3.89% yr 1-2, 2.99% yr 3-7, 4.99% yr7>
  21. Like
    vand got a reaction from Derv in What portion of savings should be in PM   
    This is true today, but it is only really a recent phenomena in the evolution of the fiat petrodollar standard. Not long ago banks made a clear distinction between "current" accounts and "savings" accounts. Current accounts paid zilch but you could access your cash instantly. Savings accounts tied your money up for a minimum period (usually 30 days) and gave you a guaranteed return that was above the prevailing inflation rate.  This was the last time you could say that banks were fulfilling their economic role of matching the needs of borrowers with the needs of lenders.  Today no such distinction exists anymore, because bank loans no longer represent someone elses' savings, they are just issues of new debt  created digitally. Unfortunately is a large part of the reason why we have such a dysfunctional economy now.
     
     
  22. Like
    vand got a reaction from Tn21 in Got a loan via P2P... great experience   
    There's been several threads discussing P2P lending as an investment vehicle, but what about the other side of that?
    I just took out a loan for £10k @ 3% and it went through in a matter of seconds. What a terrific experience!
    This is after I faffed around trying to get a traditional personal loan. Asda could only offer 7.5% despite advertising "loans from 2.8% ". I patronisingly asked the guy on the phone "why would I take out money at 7.5% when the Bank of England base rate is 1%?", and then Tesco faffed me around even more, making me jump through all sort of hoops before ultimately and insultingly declining my loan application.
    Just to be clear, I have an impeccable credit rating (999 Experian, recently checked).

    Would definitely recommend. 
    Kicker is that I'm going to get a guaranteed 30% return on capital as it is going straight into my pension/SIPP before tax deadline to claw back all the income all the income tax I've paid this year.
  23. Thanks
    vand got a reaction from HelpingHands in Got a loan via P2P... great experience   
    I went through Zopa, but only because when I did a comparison on MoneySupermarket it was at the top of the comparison, offering 3% borrowing rate and a 100% probability of success. Can't really beat that, can you?

     
  24. Like
    vand got a reaction from mr-dead in Got a loan via P2P... great experience   
    There's been several threads discussing P2P lending as an investment vehicle, but what about the other side of that?
    I just took out a loan for £10k @ 3% and it went through in a matter of seconds. What a terrific experience!
    This is after I faffed around trying to get a traditional personal loan. Asda could only offer 7.5% despite advertising "loans from 2.8% ". I patronisingly asked the guy on the phone "why would I take out money at 7.5% when the Bank of England base rate is 1%?", and then Tesco faffed me around even more, making me jump through all sort of hoops before ultimately and insultingly declining my loan application.
    Just to be clear, I have an impeccable credit rating (999 Experian, recently checked).

    Would definitely recommend. 
    Kicker is that I'm going to get a guaranteed 30% return on capital as it is going straight into my pension/SIPP before tax deadline to claw back all the income all the income tax I've paid this year.
  25. Thanks
    vand reacted to KDave in Got a loan via P2P... great experience   
    Excellent stuff, using cheap loan to claim all your income tax back. Better the money you earned benefits you rather than goes on benefits!