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  1. #1
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    Default Re: Stocks and investments

    Quote Originally Posted by Primo Carnera View Post
    Quote Originally Posted by walrus View Post
    Quote Originally Posted by Master View Post
    Go for it, if you got the determination and will to do it. Property is a better investment that shares in the long run.
    Ya master I have buddy who is a licensed plumber and another fiend who is into construction. It's just if u make a mistake and miss something major after you bought it you are screwed. It really would be a nice first home for someone if we could make it nice without sinking more than say 20,000 to 25,000 into but again the fact it's been on the market for a year gives me pause. Flippers usually find those things quickly and I know so little it makes me nervous. I'm making an appointment this week to check it out. Anyone here ever do this flipping shit. I have a minimum amount of profit I would need to make in my mind to make this even worthwhile. @Kirkland Laing you ever get into these types of things, I know you are ZOG so you are naturally good at making money though usually at the expense of others.
    Basically, if you do your homework, think it through and make a pact with your partner/mate that you need to agree on everything and not fall out , you should be fine. The key is if you buy it, get organised, flip it as quick as possible. Time is money. 3 more things spring to mind:
    1. As it's been on the market for a year, make sure you knock the price down even further ! You make your profit when you buy not when you sell!
    2. It's possible the professional flippers aren't going for it because they want/need a bigger margin than you. Never be afraid to take a profit, even if it's a slightly smaller one.
    3. Finish it neutrally but nicely. Don't get emotionally involved, you don't have to live there, so don't overspend on dressing the house!
    Good luck, you won't regret it!
    Regarding the place i was talking about I've been checking it out and I think it's
    Just too much work needed. I like the idea but that is would be biting off more than I could chew

  2. #2
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    Default

    Quote Originally Posted by walrus View Post
    Quote Originally Posted by Primo Carnera View Post
    Quote Originally Posted by walrus View Post
    Quote Originally Posted by Master View Post
    Go for it, if you got the determination and will to do it. Property is a better investment that shares in the long run.
    Ya master I have buddy who is a licensed plumber and another fiend who is into construction. It's just if u make a mistake and miss something major after you bought it you are screwed. It really would be a nice first home for someone if we could make it nice without sinking more than say 20,000 to 25,000 into but again the fact it's been on the market for a year gives me pause. Flippers usually find those things quickly and I know so little it makes me nervous. I'm making an appointment this week to check it out. Anyone here ever do this flipping shit. I have a minimum amount of profit I would need to make in my mind to make this even worthwhile. @Kirkland Laing you ever get into these types of things, I know you are ZOG so you are naturally good at making money though usually at the expense of others.
    Basically, if you do your homework, think it through and make a pact with your partner/mate that you need to agree on everything and not fall out , you should be fine. The key is if you buy it, get organised, flip it as quick as possible. Time is money. 3 more things spring to mind:
    1. As it's been on the market for a year, make sure you knock the price down even further ! You make your profit when you buy not when you sell!
    2. It's possible the professional flippers aren't going for it because they want/need a bigger margin than you. Never be afraid to take a profit, even if it's a slightly smaller one.
    3. Finish it neutrally but nicely. Don't get emotionally involved, you don't have to live there, so don't overspend on dressing the house!
    Good luck, you won't regret it!
    Regarding the place i was talking about I've been checking it out and I think it's
    Just too much work needed. I like the idea but that is would be biting off more than I could chew
    Put it down to research and look for something else.

  3. #3
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    Default Re: Stocks and investments

    Quote Originally Posted by walrus View Post
    Quote Originally Posted by Primo Carnera View Post
    Quote Originally Posted by walrus View Post
    Quote Originally Posted by Master View Post
    Go for it, if you got the determination and will to do it. Property is a better investment that shares in the long run.
    Ya master I have buddy who is a licensed plumber and another fiend who is into construction. It's just if u make a mistake and miss something major after you bought it you are screwed. It really would be a nice first home for someone if we could make it nice without sinking more than say 20,000 to 25,000 into but again the fact it's been on the market for a year gives me pause. Flippers usually find those things quickly and I know so little it makes me nervous. I'm making an appointment this week to check it out. Anyone here ever do this flipping shit. I have a minimum amount of profit I would need to make in my mind to make this even worthwhile. @Kirkland Laing you ever get into these types of things, I know you are ZOG so you are naturally good at making money though usually at the expense of others.
    Basically, if you do your homework, think it through and make a pact with your partner/mate that you need to agree on everything and not fall out , you should be fine. The key is if you buy it, get organised, flip it as quick as possible. Time is money. 3 more things spring to mind:
    1. As it's been on the market for a year, make sure you knock the price down even further ! You make your profit when you buy not when you sell!
    2. It's possible the professional flippers aren't going for it because they want/need a bigger margin than you. Never be afraid to take a profit, even if it's a slightly smaller one.
    3. Finish it neutrally but nicely. Don't get emotionally involved, you don't have to live there, so don't overspend on dressing the house!
    Good luck, you won't regret it!
    Regarding the place i was talking about I've been checking it out and I think it's
    Just too much work needed. I like the idea but that is would be biting off more than I could chew
    Good that you weren't swayed and you were thinking with a clear. Sometimes things are for a reason.
    You never know, the right one could come up. Good luck.👍
    Former Undisputed 4 belt Prediction champion. Still P4P and People’s Champion.

  4. #4
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    Default Re: Stocks and investments

    Quote Originally Posted by Primo Carnera View Post
    Quote Originally Posted by walrus View Post
    Quote Originally Posted by Primo Carnera View Post
    Quote Originally Posted by walrus View Post
    Quote Originally Posted by Master View Post
    Go for it, if you got the determination and will to do it. Property is a better investment that shares in the long run.
    Ya master I have buddy who is a licensed plumber and another fiend who is into construction. It's just if u make a mistake and miss something major after you bought it you are screwed. It really would be a nice first home for someone if we could make it nice without sinking more than say 20,000 to 25,000 into but again the fact it's been on the market for a year gives me pause. Flippers usually find those things quickly and I know so little it makes me nervous. I'm making an appointment this week to check it out. Anyone here ever do this flipping shit. I have a minimum amount of profit I would need to make in my mind to make this even worthwhile. @Kirkland Laing you ever get into these types of things, I know you are ZOG so you are naturally good at making money though usually at the expense of others.
    Basically, if you do your homework, think it through and make a pact with your partner/mate that you need to agree on everything and not fall out , you should be fine. The key is if you buy it, get organised, flip it as quick as possible. Time is money. 3 more things spring to mind:
    1. As it's been on the market for a year, make sure you knock the price down even further ! You make your profit when you buy not when you sell!
    2. It's possible the professional flippers aren't going for it because they want/need a bigger margin than you. Never be afraid to take a profit, even if it's a slightly smaller one.
    3. Finish it neutrally but nicely. Don't get emotionally involved, you don't have to live there, so don't overspend on dressing the house!
    Good luck, you won't regret it!
    Regarding the place i was talking about I've been checking it out and I think it's
    Just too much work needed. I like the idea but that is would be biting off more than I could chew
    Good that you weren't swayed and you were thinking with a clear. Sometimes things are for a reason.
    You never know, the right one could come up. Good luck.👍
    Thanks. TBH real estate kind of scares me. I like mutual funds and stocks but the way the market is hitting a new high everyday it is making me nervous. I really wish I didn't have to invest and try to grow money but I don't want to end up working until I'm 80

  5. #5
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    Default Re: Stocks and investments

    Quote Originally Posted by Primo Carnera View Post
    Quote Originally Posted by walrus View Post
    Quote Originally Posted by Primo Carnera View Post
    Quote Originally Posted by walrus View Post
    Quote Originally Posted by Master View Post
    Go for it, if you got the determination and will to do it. Property is a better investment that shares in the long run.
    Ya master I have buddy who is a licensed plumber and another fiend who is into construction. It's just if u make a mistake and miss something major after you bought it you are screwed. It really would be a nice first home for someone if we could make it nice without sinking more than say 20,000 to 25,000 into but again the fact it's been on the market for a year gives me pause. Flippers usually find those things quickly and I know so little it makes me nervous. I'm making an appointment this week to check it out. Anyone here ever do this flipping shit. I have a minimum amount of profit I would need to make in my mind to make this even worthwhile. @Kirkland Laing you ever get into these types of things, I know you are ZOG so you are naturally good at making money though usually at the expense of others.
    Basically, if you do your homework, think it through and make a pact with your partner/mate that you need to agree on everything and not fall out , you should be fine. The key is if you buy it, get organised, flip it as quick as possible. Time is money. 3 more things spring to mind:
    1. As it's been on the market for a year, make sure you knock the price down even further ! You make your profit when you buy not when you sell!
    2. It's possible the professional flippers aren't going for it because they want/need a bigger margin than you. Never be afraid to take a profit, even if it's a slightly smaller one.
    3. Finish it neutrally but nicely. Don't get emotionally involved, you don't have to live there, so don't overspend on dressing the house!
    Good luck, you won't regret it!
    Regarding the place i was talking about I've been checking it out and I think it's
    Just too much work needed. I like the idea but that is would be biting off more than I could chew
    Good that you weren't swayed and you were thinking with a clear. Sometimes things are for a reason.
    You never know, the right one could come up. Good luck.👍
    Primo has been watching Homes Under the Hammer.
    Do not let success go to your head and do not let failure get to your heart.

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    Default Re: Stocks and investments

    Let me ask you English guys something. Does every Englishman get a pension when they retire. How is it structured. Does the government handle it or the employer. I'll get a pension from my government job but not many jobs in the us have pensions nowadays. We have employee matched 401k or 403b which are basically mutually funds tied to the market and bonds

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    Default Re: Stocks and investments

    We have a state pension for those that have worked and contributed to the system which is not a lot and should not be depended on to retire with.
    Do not let success go to your head and do not let failure get to your heart.

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    Default Re: Stocks and investments

    Quote Originally Posted by Master View Post
    We have a state pension for those that have worked and contributed to the system which is not a lot and should not be depended on to retire with.
    Ok so it's probably similar in structure to our SSI. What about companies themselves, do they pay pensions? Do you guys havevinvestment vehicles like our 401k which is based on the stock market and bonds where you put in a percentage and the company matches it. In the us we have those, the contributions are usually pretax but you can't start taking money out until you hit retirement age. I'm just curious how you folks in England might do it

  9. #9
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    Default Re: Stocks and investments

    Quote Originally Posted by walrus View Post
    Quote Originally Posted by Master View Post
    We have a state pension for those that have worked and contributed to the system which is not a lot and should not be depended on to retire with.
    Ok so it's probably similar in structure to our SSI. What about companies themselves, do they pay pensions? Do you guys havevinvestment vehicles like our 401k which is based on the stock market and bonds where you put in a percentage and the company matches it. In the us we have those, the contributions are usually pretax but you can't start taking money out until you hit retirement age. I'm just curious how you folks in England might do it
    I think there is a compulsory opt in pension that all employers have to implement and is being phased in hat everyone must have an employers pension. I got mines very late 2012 but had been working since 1995. It is generous with me contributing 7% and employer 12% and if I retire at 66ish (another 20 years) then I would get about £20K per year. It is inflation linked so that £20K would be the same value of it is now then.
    Do not let success go to your head and do not let failure get to your heart.

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