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Wanderer

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About Wanderer

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    Tri-Centurion

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  1. Wanderer

    GOLD

    Sorry. I know it isn't really adding to the debate, but really.... http://www.thesun.co.uk/sol/homepage/news/3705851/3bn-gold-yacht-is-worlds-most-expensive.html Has Goldfinger been splashing out?
  2. Wanderer

    Wanderer's Trading Diary

    Morning all, I've not exactly been busy posting here recently: new country, new job and all that. I have less control over my time and so can't post here often, though I read a bit. I've also had less time to consider my portfolio. In the interests of transparency and admit-your-mistakes, I've got to admit I've had an awful 3 months on my portfolio, with some big losses. I've only myself to blame: I'm sufficiently arrogant that I don't trust anyone else to manage my money but I haven't got the time to do it properly myself and I've also just made some wrong and bad choices. So, I've been on the wrong side of both the Stock Markets rise since August and the wrong side of the US Dollar/Pound. I've had gold, but less than previously, so I've missed out there. And I sold my SLW back at $17 (!!) (although I'd held them since $3 odd). And I've held VXX (enough said). So, much money lost, even more money not made. Question is, how to go about re-shaping my portfolio now I've a little more time again. I'm wary of bailing out of e.g. XSPS just when it might turn in my favour, but don't want to hang on grimly through further losses. I don't want to miss out on gold/silver, but am wary of jumping in with all I've left only to see a big correction. My investing isn't helped by my job: I don't know whether I'll be going overseas again soon and have a nice 4 year investment time horizon, or whether we'll be staying in the UK with the likelihood we'll have to use much of our stash to buy a house (we're renting but will be turfed out in August). However, don't pity me: recently losses pale compared to previous gains garnered from advice here, so I'm quite happy now I've got used to the last three months' losses! Given the timescale uncertainty above (my biggest headache) where and how would people start re-arranging their portfolio if they were me? All views welcome. Wanderer
  3. Wanderer

    GOLD

    OK, if no-one else can be bothered.... 1304 and counting
  4. Wanderer

    SILVER

    If you look VERY VERY carefully at CID then, from time to time, they get their VAT rates wrong and it is possible to buy silver at 7% VAT. Just now and again.... :-) Don't know why people buy from Sarnia, even with no VAT it still seems cheaper to pay the VAT and buy at CID as their pre-VAT price is so much cheaper. (This is especially true if the VAT is 7%!!).
  5. Wanderer

    GOLD

    +8.50. Ignition sequence in operation?
  6. Wanderer

    GOLD

    At home today. Couldn't help checking Kitco and noticing a little 'rocketing' going on.... $1265!
  7. Wanderer

    UK House prices: News & Views

    Wow, Azazel, that is quite amazing. Where in SW England are you roughly? Renting is a no-brainer for you... We were doing the maths the other day and of course it is even more in our benefit than the figures suggest AS LONG AS HOUSE PRICES STAY STATIC OR FALL. We pay no buildings insurance, we pay no maintenance costs (and in a 400 year old house these are several!) and we have a couple of hours of gardener a week provided. We're happy! (though we hope they'll fix the few little roof leaks soon... :-) )
  8. Wanderer

    UK House prices: News & Views

    Interesting. My rent is one 413th of the asking price our landlady couldn't sell her house for until we rented it this August. Can anyone beat that?
  9. Wanderer

    Wanderer's Trading Diary

    Dear Dr B, Nice of you to ask thank you! Yes, I'm fine. I've been moving back to the UK from overseas. This was hugely complicated by a range of things including a death in the family. We were intending to buy a house - partly because there was nothing to rent. However it became clear from my personnel team that I couldn't guarantee more than one year in the UK, which made buying not just questionable but ludicrous. So we looked again for rental properties and this time found one (a property that had been for sale but changed to rent). It is a great fit for us - 200 yards from a station into London and in a good village with a school with space for the kids. So we've paid rent up front for six months and hope to move in on Friday. Feeling much more relaxed about this and being able to revert to 'plan a' (buying was always plan 'b' but we couldn't find a house to rent 6 weeks ago). Also means we can move in much sooner. Now I've got a bit of time to dedicate to my underperforming portfolio.... Wanderer
  10. Wanderer

    GOLD

    Must agree that UK is in that 'sweet spot' between announcing reductions in spending (and so getting the credit for them from optimistic markets) and actually carrying them out (with all the associated pain and loss of political capital). In reality, the axe hasn't even begun to swing yet. The scale of what is required to carry out 25% cuts is enormous. Every project that gets mentioned in the papers comes with complaints from each lobby: be it aircraft carriers, troop numbers, schools buildings, hospitals, public sector pensions, arts budgets, embassy closures etc. The only thing I've not heard complaints about is housing benefit cuts. Once the axe begins to fall (coincidentally around the time that Labour will get a new leader) then we'll see genuine testing of the political resolve of the new Government. Cracks in that resolve will hurt the pound no doubt. As an aside cuts to housing benefit may have an enormous impact on the housing market. As I understand it, under the current system you, my friend Mr A may be unemployed and on housing benefit and you can agree to rent a house from me, Mr B, for £X00. Now £X00 may be £Y00 more than the going rent but the housing benefit people don't query it too much. DHSS pays your rent to me and I might even feel inclined to give you half of £Y00 for being part of the scam. Isn't that more or less the £2000 a week asylum seeker story? I had conversations about that with my team this week. None of my team earn over £25,000. Seeing someone getting paid £2000 a week housing benefit means it is more difficult to motivate them to work for that amount per month (before tax)....
  11. Wanderer

    UK House prices: News & Views

    Dr B, I suspect this little (2 and a half minutes) video of 'living small' will be up your street if you haven't seen it already.... http://vitality.yahoo.com/video-second-act...shafer-20910192 Wanderer
  12. Anyone out there? Now down almost 80% and feel can't do worse than to hold onto it. Worth buying more?
  13. Wanderer

    Wanderer's Trading Diary

    OK, well I did pluck up a bit of courage and added 25% to my XUKS and VIX when at 908 pence and c.$26 about a week ago. My positions were all underwater and I'd made the mistake of putting quite a bit into GBS hoping to catch the cup and handle ride up. What really began to hurt me was the strength of sterling after the Budget. I'd taken a lot of profits and then re-invested in all my shorts and USD2 (so as to carry no profits back to the UK) and my latest entry point for USD2 was when $1=£1.43, so I'm 8 cents down (but USD2 seems to have fallen more than that). My latest GBS2 and my XSPS were down too - partly because of falls in the underlying value, but also due to the rise in sterling versus these dollar denominated funds. The last few days have been kinder. My XUKS is back in profit - not least due to my buys at 908 (now 978). My XSPS losses are halved and my VIX is in profit again too. I'm still wondering how to tackle USD2. There seems to be an unexpected element of time decay in there and I'm wondering whether to cut my losses or whether this latest market slide might trigger a fall back in sterling versus the dollar allowing me to earn back some losses. GBS and gold holding up really well today. I continue to watch, but my cash positions are now low-ish and so want to be sure of myself if I invest more. Standing ready to take investments back into cash if the moment looks right.
  14. Wanderer

    GOLD

    Try CID (of course) or Weighton (sp?) Coin Wonders - the latter do 'lunch boxes' of coins...
  15. Wanderer

    GOLD

    Gold - you gotta love those $20 bumps down from time to time. Just don't drink coffee while you check the price....
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