Let's hope so for an environment and dependency perspective. no one would be happier than me, but it is often called the black gold, I am sure there will always be a buyer in some legal back water
Stock noob - oil
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Let's hope so for an environment and dependency perspective. no one would be happier than me, but it is often called the black gold, I am sure there will always be a buyer in some legal back water
[TW]Fox;27184188 said:
I understand where you are coming from but be fair mate, most banks lend to new businesses on a wing and a prayer and lose big sometimes. This is nothing of the sort, I am offering up security worth far more than the loan. no one will lose out but me (if I go ahead), so the only potential fool is myself - no one else.
Like I said its the rat race, nothing wrong with it - I could do it but I could also do both in tandem resulting in a win/win situation, or a win/lose situation, or a lose/lose situation - this is how life and money are I guess. Nothing is free in life and I don't expect it to be till the day I am finally laid to rest, and my personal tax liability stops for good
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OP, as someone that has huge exposure to this stuff (thank you job), I can safely say: you're mad.
However, I would say give it a go first on virtual markets, get a good feel, and then after a while, when you've learn some control, maybe try a bit.
Only use what you can afford to lose (and probably will). It's not going to make you rich overnight, especially with high commission fee's which as a percentage will absorb most of your rises, but its a start.
You would genuinely be better off putting it all on red/black rather than this. There are so many pitfalls where you would stand to lose it all.
It's an unfair system, but people absorb these pitfalls by having huge sums of money (and I mean huge) that cover them and their positions.
However, I would say give it a go first on virtual markets, get a good feel, and then after a while, when you've learn some control, maybe try a bit.
Only use what you can afford to lose (and probably will). It's not going to make you rich overnight, especially with high commission fee's which as a percentage will absorb most of your rises, but its a start.
You would genuinely be better off putting it all on red/black rather than this. There are so many pitfalls where you would stand to lose it all.
It's an unfair system, but people absorb these pitfalls by having huge sums of money (and I mean huge) that cover them and their positions.
Man of Honour
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Strategic thinking would have some sort of risk analysis which you seem to have disregarded.
clearing fees(a few dollars) will be fairly minimal for what he's proposing and they're the least of his worries really
To refer to me as a troll is outlandish and disgraceful.
Having a flutter on the lottery is considered normal? making a sensible and calulated investment albeit with some degree of risk (based on actual research and request for advice) is classed as trolling Simply because it is not your particular liking - go figure - have you ever made any investment in life?, even buying a car knowing the value will go down is not a good investment if you think about it. Yes, 40k is a lot of money but is is not 100k or 500k is it now?
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Stick £40k on Gulf Keystone Petroleum (GKP) on Monday morning at 75p. Sit back, light a cigar and watch as they hit 100-120p plus by Wednesday night.
Spend your instant £20k profit like a king.
Unfortunately I only had £2k to spare last week when I bought at 65p.
Spend your instant £20k profit like a king.
Unfortunately I only had £2k to spare last week when I bought at 65p.
Nice investment, too high risk though imho,I will keep an eye on just for personal interest only though as your comment is intriguing and you will have done your research if you are willing to put your own money on it though
![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
It's 40k of somebody else's money...
I bet your gramps must be so proud, gambling his life efforts away.
Have you considered magic beans?
Oh and if anyone in GD would like to open a book, I'm putting a hundred in the OP being skint within a year. Roll it over to homeless within 5 years.
Have you considered magic beans?
Oh and if anyone in GD would like to open a book, I'm putting a hundred in the OP being skint within a year. Roll it over to homeless within 5 years.
[TW]Fox;27184363 said:
it is, but who here has never borrowed money on a credit card, Taken a loan for a car, took a mortgage on a house, taken a student load, used their bank overdraft to pay a bill. It's all other people 's money - that is why interest is charged.
Soldato
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For such a proposition, I am looking to lose £140 per month in repayments for the next 30yrs assuming a rate of 5% - I would be willing to stake this vs a £1 lottery ticket each week which will generate nothing, or go straight for the big one on a dead cert. But trundling along looking down on the pavement as I walk down the street hoping to progress through study, luck and determination is no great way to live either for another couple of K to pay in tax serving the next great company master - I know it works for the vast majority but the depression enroute has killed many people mentallly if not physically. I wish to keep my mental faculties intact
The only 'dead certs' in life are death and taxes. To make money on futures contracts takes a huge amount of skill, knowledge and quick thinking and it helps to be a sociopath.
If your just want to gamble your cash for a quick win just keep betting 10 quid on black on roulette and double up every time you loose and cash out every time you win.
Not gambling at all with the whole house, if I lose I pay £140 per month out of my salary until the house is cash again, how can I be homeless? I can take mortgage protection insurance. Pay from job seekers etc if I need to or borrow from family if unemployed. What surprises me by some reaction is that some people will risk money on everything else from casinos and their ilk to talking a long term view. Sad really.
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clearing fees(a few dollars) will be fairly minimal for what he's proposing and they're the least of his worries really
The fee's were not for his full amount, hence why I prefixed it with "what you can afford to lose".
If he's having to raise 40k by remortgaging then he certainly hasn't got the cash to be plonking down loads when he eases himself into it, ergo, the fee's will have more of an impact.
Thanks for the input of your experience, I was afraid it was a big players game.
nope they won't... unless he's actively trading then they represent a rather small amount
Getting advice and opinions from a broad group was my way of mitigating risk if possible instead of from some opinionated financial adviser who probably has never had any real world experience
Getting advice and opinions from a broad group was my way of mitigating risk if possible instead of from some opinionated financial adviser who probably has never had any real world experience
You think that people on an computer forum will give you better advice than a trained and qualified financial advisor? If this is your idea of risk analysis then you truly have a screw loose and you're going to be taken to the cleaners by the markets.
Incidentally, if you want to make a quick 1,000,000% on your money I have these snake oil futures you may be interested in...
Nice investment, too high risk though imho,I will keep an eye on just for personal interest only though as your comment is intriguing and you will have done your research if you are willing to put your own money on it though
Indeed, huge risk wasn't really suggesting you do it with that kind of money.