Being financially independent

rhouses

Also wealth managers are such a farce.

Jules72

On US equities, if the Democrats win the election later this year, they could be hosed - they would be likely to roll back a good deal of the corp tax cuts that orange face implemented. Probably best to look elsewhere then if you’re investing eg the Eurozone (v cheap) or Asia (economies there have handled covid a lot better)…

Wally

Read ‘the intelligent investor’ by Benjamin Graham is my advice. It’s a long, dry slog. It’s also solid gold when it comes to investing advice. Ultimately it talks about the mentality needed and offers two investment strategies for either risk averse or risk taker people. Probably the closest thing you’ll get to a guaranteed money winner (it’s also the book Warren Buffet used as the foundation for his investing fortune)

Wally

Wally <- Already did my man.

rhouses

Trump would easily get his second term if it wasn’t for COVID.

Tons of my American friends have done really well for themselves over the last four years - they’ll make jokes about Trump but they always end up saying, it’s fine if he gets his second term, more money for me.

Millsy

mono-stereo cheers Gordo lol

Smallman1

Si’s got me all perplexed.

As thick as shit in every other thread and all of a sudden he’s Warren Buffett when it comes to managing the old finances.

Scones!

-si-

Being called thick as shit by someone on ed’s level is one of life’s great pleasures, thank you very much, mate.

bosstrabs

Shut up Rhouses

rhouses

Dave DM’d a couple months back with some HSBC options. Fuck if I’m going to have my money siphoned off for sex trafficking and the Mexican cartels.

Jules72

Just read that Zoom has the same market cap as HSBC….its all become very very stupid - chances are Zoom won’t be around in a few years time, whereas HSBC always will be

Hursty

Never warmed to Hamilton, but he has proved he is the best by consistently winning titles. Yes the car is streets ahead but his skill unquestionable.

Vettel seems a right cunt however.

Millsy

Hursty a rather avant garde investment strategy you’ve got there mate. But good luck to you!

-si-

Hursty

Hursty axelrod might have mixed up his threads!

Unbroken1

rhouses Hahaha.

Got a bit lucky actually, and pulled out 50% of my mutual funds (equity) a month before quitting Flipkart and put them in a fixed deposit with an 8% yearly return. Rejigged my mutual funds portfolio when COVID blew up, moved away from small and midcaps and went for bluechip and debt funds instead.

Same with the Flipkart shares, sold back 60% of them when the Walmart deal happened and put the payout in a Fixed Deposit. Still holding on to the rest, but it one of those situations where I’m just forgetting about them and hopefully will be pleasantly surprised in 5 years or so - keeping my fingers crossed they’ll eventually be converted to Walmart shares or they’ll have a successful international IPO. They’re quite stingy about ex-employees cashing out.

Between the missus and I, we have about 40% in FDs, 40% in Debt funds and 20% in mutual funds at the moment. No interest in playing the stock market, but maybe I’ll give it a go this year. Our families own quite a bit of property already, so we don’t see any point in investing in real estate. Unlike Bombay, the market is quite stagnant in Bangalore. Though renting an apartment is making us think about pulling the trigger on our property.

The Yeezys, Legos and Action Figures will hopefully pay for a nice car!

…kills self

Millsy

Unbroken1 lol. It was inevitable.

Smallman1

Buy low, sell high.

This is Smallman1 signing out.

rhouses

haha. I thought the 40 40 20 investment advice was great!

Smallman1

Lads, remember this.

You can’t take it with you.

Amps

Kells77 Just seen today that they are starting to take reservations in China for the Cybertruck. They already have half a million reservations in the States. Reckon your gonna be seeing a lot of them in your future!

Kells77

Amps

Oh and I’d just like to add my lols to Zack being a slum landlord. Champagne socialism at it’s very best!

C_J

Amps
I assumed that was a joke. If true….wow.
#hypocrisy

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