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Recession affecting you?

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21/1/2008 6:56:07  

Posts: 457
Since: 7/6/2007
Region: Bulgaria
Status: offline 		Well the FTSE was down 5% at one point today and Wall st is off 25% from the peak.

Is bad news like this affecting you yet? And are you thinking less of spalshing out on a new motor in the coming year?

I for one am happy with my current stable and think it might be better to conserve my cash for investments when times get bad.
21/1/2008 6:58:29  

Posts: 608
Since: 23/9/2007
Status: offline 		I find closing my eyes helps...

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21/1/2008 7:46:00  


Posts: 2135
Since: 11/5/2005
Status: offline 		.....and holding my breath

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21/1/2008 9:20:40  

Posts: 92
Since: 6/8/2007
Status: offline 		I adopt the "Ostrich Theory"!
21/1/2008 10:58:17  
 

Posts: 575
Since: 29/1/2007
Status: offline 		must be a robby/robbie thing.... just get on and get it bought... you only live once....
21/1/2008 11:06:27  

Posts: 903
Since: 31/10/2006
Region: Salisbury
Status: offline 		It's a great time to to invest....
21/1/2008 11:25:20  

Posts: 457
Since: 7/6/2007
Region: Bulgaria
Status: offline 		Apparently today is the most depressing day of the year the scientists say . That might account for the 5% drop.

Still I won't be buying until the ftse is at 3500 in Dec :)
21/1/2008 15:08:20  

Posts: 624
Since: 22/10/2007
Status: offline 		Oil is $100 a barrel - and everyone wants to find more of it - short of people - my rates go up

Ferrari time next year if this keeps going

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21/1/2008 15:21:37  

Posts: 77
Since: 8/1/2007
Status: offline 		No sign of a recession for me....not making much on the property portfolio side but its ticking over nicely. 

Consultancy side on the other hand is booming.  So much so Ive just bought a Range Rover Supercharged Vogue SE for the misses!

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21/1/2008 16:28:31  

Posts: 457
Since: 7/6/2007
Region: Bulgaria
Status: offline 		Last I saw oil was 89$ and tumbling fast Lewis. Still I doubt anything over 25$ oil will affect you guys much ;))

< Message edited by michaeldon -- 21/1/2008 16:29:13 >
22/1/2008 3:04:43  

Posts: 57
Since: 5/6/2007
Region: Sydney
Status: offline 		It's f***ing painful for those of us in financial services... Job security hasn't been an issue for the last 5 years, that could change any second.

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22/1/2008 13:46:46  

Posts: 4164
Since: 5/6/2007
Status: offline 		For what its worth seems an ideal time to diversify and get into liquidations and repossessions , anyone know a couple of 6 foot ten eighteen stone  muscle men , gonna be another 1990 i reckon with bankruptsies at an all time high , gotta be someone to pick up the pieces, dont think i could front it myself ive gotta consience and thats no good with that business, but records show its a booming business,

sorry for the doom and gloom but i felt it for a long time  and feel its well overdue, got the same feeling as 1989 bubble about to burst.

Regards loz


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22/1/2008 14:23:06  

Posts: 457
Since: 7/6/2007
Region: Bulgaria
Status: offline 		I am a bit of a pessimist when it comes to money but I have to agree Loz. The end of the longest bull run since 1929. After that one the US markets fell 70%.

I am not adopting Ostrich syndrome. I am battoning down the hatches.
22/1/2008 14:51:20  

Posts: 1272
Since: 21/12/2006
Status: offline
quote:

ORIGINAL: lozcb

For what its worth seems an ideal time to diversify and get into liquidations and repossessions , anyone know a couple of 6 foot ten eighteen stone  muscle men , gonna be another 1990 i reckon with bankruptsies at an all time high , gotta be someone to pick up the pieces, dont think i could front it myself ive gotta consience and thats no good with that business, but records show its a booming business,

sorry for the doom and gloom but i felt it for a long time  and feel its well overdue, got the same feeling as 1989 bubble about to burst.

Regards loz

6ft 10 and 18st?  Well, not quite.  I' 6ft 4" and a shade over 17st.....and, as the name suggest, I'm the LITTLE Bro

BIG Bro is 6ft 8 and mid 20's-stone...but we're both soft as ****e and dont like confrontations

Agree though, would imagine its going to be a booming business soon.

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23/1/2008 17:39:18  

Posts: 441
Since: 22/1/2007
Status: offline 		Been comming for a couple of years this. The economy is in much worse state than most people understand (or are willing to admit)

You got big falls in the markets, property overvalued, credit crunch + inflationary pressure.

Its not going to be pretty thats for sure.......

This was raised months back and a few people said stop being negative and stuck their heads deeper in the sand !

Still going to put a big chunk in my pension I want some of my corporation tax back.....Incidentally on the markets I dont think we are at the bottom no where near it, ftse got at least another 10% to go I reckon


< Message edited by alera -- 23/1/2008 17:40:56 >

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04 Maserati 4200 Cambiocorsa - Rosso Mondiale / Nero

05 Audi A8 W12 SWB - Ebony Pearl Black / Satin Nappa

23/1/2008 18:23:47  

Posts: 542
Since: 22/7/2006
Status: offline 		OT but Alera - I DO like your A8 - always on the look out for an even bigger, better barge.

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alfa 166 3.0V6 Gone
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"You only live once, but if you do it right, once is enough." — Joe Louis.
24/1/2008 5:13:25  

Posts: 441
Since: 22/1/2007
Status: offline 		Thanks a few people on here have said they like it. Seriously good value on the second hand market. That ones pretty special I have been told it was originally the MD of Audi UKs car hence the spec. Its almost as fast as the masser in a straight line anyway, 450bhp 6.0l w12 aluminium space frame 0 - 60 in 5.2 seconds. Unlimited would be heading towards 200mph. Amazing for a car weighing 2 tons.


< Message edited by alera -- 24/1/2008 5:17:52 >

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05 Audi A8 W12 SWB - Ebony Pearl Black / Satin Nappa

24/1/2008 5:36:29  

Posts: 903
Since: 31/10/2006
Region: Salisbury
Status: offline
quote:

ORIGINAL: alera

Still going to put a big chunk in my pension I want some of my corporation tax back.....Incidentally on the markets I dont think we are at the bottom no where near it, ftse got at least another 10% to go I reckon



I disagree on the 10% more to go, on P/E alone most FTSE 100 stocks are good value now, but it will be a rather volatile few months/year!

Main point of replying was to congratulate you on understanding why pensions work well!!  Pretty good time to make the contribution imho

I've just been reviewing our core portfolios again, not bragging but it shows how an effective asset allocation strategy works, this "crash" has hardly made a dent on them.  Doesn't stop the phone ringing with anxious investors though
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