How’s your luck with shares these days?

[fillyboy]

When Mrs Motties dad died about 20 years ago, her mum was annoyed to find that he had over £200k stashed away that she didn’t know about. They lived a frugal life. However, she didn’t/wouldn't change her ways and continued to live frugally. House was always cold in winter, the cold weather payment went straight into her saving’s ”They (the gas/electric companies) are not getting that" she would say. She lived on the cheapest food she could buy. She has dementia now and is in a care home costing around £75k a year. Her house is being sold next week and she has got hundreds and hundreds of thousands of pounds and if she lives to the same age as her brothers and sisters, it’ll all go in care fees. There’s others in the same home that don't have a pot to pìss in and they are being funded by the local authority. Looks like her frugality has all been for nothing.

It's good that there's a cap coming on fees in October, but that's obviously no help to you now.

 

[fillyboy]

There are few things folk hate more than greedy stockbrokers, but amateurs bragging about it comes close. As I said - lump them in with traffic wardens, car parking charge firms, child molesters.

Perhaps you are just ignorant.

Could be a bad day on the markets tomorrow with that 104% tariff on China.

 

[Notch7]

Could be a bad day on the markets tomorrow with that 104% tariff on China.

good, 104% tariff on China will fek up America good n proper


Twumps tariffs are going to be a very bad deal for the citizens of America

 

[Koolpc]

good, 104% tariff on China will fek up America good n proper


Twumps tariffs are going to be a very bad deal for the citizens of America

Lol, Notchy here to mention his buddy and fav President Trump!!!

Notchy has made 15 threads about his pal Trump since January!!!!! He must be in love with him!!!!

 

[Mottie]

It's good that there's a cap coming on fees in October, but that's obviously no help to you now.

As far as I know, labour have scrapped it. In any case, I think fees for accommodation, food, heating etc wouldn't be covered anyway - it's just the 'care' element. I think she'll just have to keep on paying until her saving get to below £23/24k and then she doesn't have to pay anymore.

 

[Justin Passing]

Thanks, but I won't be following your advice. I own actual Gold, not shares in it. It's value has increased way better than any other investments. It is around 10% increase in value over the last 3 months alone. Simply by just owning it, not trading it. The more volatile the world gets the better gold does. Looking to buy more if there is any fall in it's price, which will in my opinion be very temporary, if at all, other than day to day highs and lows.

Not for me, I doubt they have or are likely to outperform my choice.

I don't have or want to invest that amount of time or interest, I prefer my money to work for itself.

Again, not for me

You have the gold delivered by courier, do you?
It makes no difference whether you do that or have shares in it, it's just an "instrument".
What you buy can reflect exactly the value of the yellow stuff, or you can use something related to it, like a miner.
The leveraged instrument I used just meant it was like having a lot more of it.

It's value has increased way better than any other investments.

Wrong, it hasn't , except over a short period, like now whach is why I bought some. Getting attached to a fave instrument through rose gold coloured specs is a classic way to lose money.

It's not my advice, btw, but accumulated wisdom from those who know a lot more than either of us.

Orange is the bond I use as a base, Blue the SPY, Yellow is gold spot. Several other sectors have beaten them all for lengthy periods.

Up to early '24 gold was awful.

if you look at the years before that it was disgraceful! It was $2000 at August 2020, and it didn't go above that until Feb 2024.

People buy it as a reaction, it doesn't have the intrinsic value like a company with annual earnings.
Instiutions use it when the market looks uncertain because they have to put the money somewhere.

I don't have or want to invest that amount of time or interest,

Then you should expect to experience gold's volatility due to its speculative nature, probably unexpectedly.

I prefer my money to work for itself.

Who doesn't, but this speculative instrument does not have that property any more than any other. You're under an illusion if you think it does.
It's no more certain than say, Bitcoin. Parallels between them are often drawn.

 

[Justin Passing]

but amateurs bragging about it comes close.

I'm just giving you facts not bragging. If you find those distasteful, you have a problem founded in your ignorance.
The feeling is common, usually shrouded in jealousy and embarassment, in people who don't have a clue about it and think it's beyond them. I'm trying to tell you it isn't.

If you dissaprove of people who use money to make money, you have a problem with a lot of people who make the world go round.
I agree, it's a bit bonkers.

 

[carmanmemoranda]

You have the gold delivered by courier, do you?

No

It makes no difference whether you do that or have shares in it, it's just an "instrument".

Yes, makes money without the effort of buying and selling

What you buy can reflect exactly the value of the yellow stuff, or you can use something related to it, like a miner.
The leveraged instrument I used just meant it was like having a lot more of it.

Gold is so simple though

Wrong, it hasn't , except over a short period, like now whach is why I bought some. Getting attached to a fave instrument through rose gold coloured specs is a classic way to lose money.

View attachment 378541
Orange is the bond I use as a base, Blue the SPY, Yellow is gold spot. Several other sectors have beaten them all for lengthy periods.

Up to early '24 gold was awful.

Wrong, so wrong, on so many levels.

I won't be taking your advice on shares versus gold. Have an in depth look at it. Beaten shares and property hand over fist, over time, short and long term

 

[Justin Passing]

You seem to thng gold is different from any other instrument. It isn't, that's not true.

Wrong, so wrong, on so many levels.

So you say, but I've just shown that you are factually incorrect on several rather important levels.
What do you have, apart from hubris?
Nothing I can see, just gobbing.

 

[denso13]

I'm trying to tell you it isn't.

That's fair comment, and you have tried, but some might complain that doing it ad nauseum gets annoying after a while.

 

[fillyboy]

some might complain that doing it ad nauseum gets annoying after a while

Stop ******g doing it then.

 

[carmanmemoranda]

So you say, but I've just shown that you are factually incorrect on several rather important levels.
What do you have, apart from hubris?

Go search the performance graphs on royal mint for just 1 example.

I have performing assets that dont need daily effort and make more money than shares and my property. What do you have?

 

[gas112]

I won't be taking your advice on shares versus gold. Have an in depth look at it. Beaten shares and property hand over fist, over time, short and long term

Gold experienced a period of stagnation, or at least a lack of significant price increase, for roughly 20 years, from the early 1980s to the early 2000s
Look at the charts and you will see
Over 20 years is a significant period

 

[carmanmemoranda]

Gold experienced a period of stagnation, or at least a lack of significant price increase, for roughly 20 years, from the early 1980s to the early 2000s
Look at the charts and you will see
Over 20 years is a significant period

In comparison to cash, shares and property, how do you think they compared?

 

[gas112]

In comparison to cash, shares and property, how do you think they compared?

Well you look at the charts for shares and property for the stagnation period whilst gold actually went down . Gold never matched the 1980 price till about 2007