Singing Pig

I hope I'm not alone but if there is anyone else out there like me who is keeping a low profile while markets and money calms down perhaps we should discuss strategies.

I bought several BMV properties in 2005-2006 and have now had the joy of coming off the fixed rates and seeing re-finance hard to come by.

I also had an investment go wrong due to it being handled negligently (CBG Properties now bankrupt) so cash is tight.

I have taken time out from property and am having some good results in other markets (Forex) that are not affected directly by recession.

 If anyone else has ideas let's see what is out there to discuss.

 Regards,

 

Phil
 

 

Just to don't stay out too long. In the long term, property still comes up trumps! It can get challenging but use this time as well for reflection on what went wrong ( you mentioned an investment gone bad). Do a lot more research and strategising. Good luck

Thanks for your reply.  I guess not all investing is plain sailing.  I agree that property over the long term is sound.  For now I am diversifying a bit and am happy with the 21% monthly average gains I am getting by investing elsewhere.  Even when markets are depressed we can make money.  Happy days.

Cheers,

 

Phil 

 

My broker has for the first time ever not been able to remortgage one of my flats.  That being said the SVR is only 7% and likely to come down next year.  I am actually lking at BMV deals whilst the carnage kicks off over the next 12 months.  I must say I am tempted by Forex and the mrkets at present.  What software/website are you using?

Hi There,

 

Currently I am using a fully managed service through a broker in the US.

Phil