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Buy the dip.

Discussion in 'Randomination' started by Danishfurniturelover, 28 Feb 2020.

  1. ricky2tricky4city

    ricky2tricky4city Christian Ziege

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    The problem is (this time round) the money has been spent or being spent. You are effectively borrowing money from the future to pay for today. That's why people float the idea of debt jubilees or rounds of debt forgiveness as we are in a never ending cycle and how do we break it?. (beyond reenaming it and pretend it the new norm and modern way:rolleyes:).

    Labour and hard work is the economy and that should be what creates value and increases wealth. Just as manufacturing takes the lower cost raw material adds process and skill and sells it for a higher price. So many modern areas of the economy don't do that, it's money out of thin air practice, and much of that has lead to capitalism at it worst. It's made a whole lot of the rich richer and greed and manipulation has got us in some very big holes.

    Printing money just helps the whole thing from caving in. There's no value there it just paper (in fact it's devaluing) This is at full reach now, from the man in the street, to zombie businesses to governments. The truth is no-one wants to take any pain, we are way past the point where it would have been palatable, and from a political point of view, if the man on the street thinks he's working hard (even if he's indebted), don't take his home, his job etc he will focus his blame and rage on you (obviously it's just as likely to be his own fault:D), so you do what you can (ie the same old tool) to keep things turning.
     
    Danishfurniturelover likes this.
  2. SpurMeUp

    SpurMeUp Dimitar Berbatov

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    It is interesting. Money seems more and more abstract. But even hunter-gather societies had abstract money - Rai stones, and the story of one falling to the bottom of the ocean only to continue to be traded. No one could see it, touch it but it was still exchanged. The stones were so big they were not physically moved even when ownership changed.
     
  3. Favour

    Favour Nicola Berti

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    The actual commodity.

    Just buying and then sitting on it, using the royal mint (there's probably better places).

    I have some in coins
    https://www.royalmint.com/invest/bullion/bullion-coins/platinum-coins/

    and some in bullion
    https://www.royalmint.com/invest/bullion/bullion-bars/platinum-bars/
     
    Danishfurniturelover likes this.
  4. ShipOfTheseus

    ShipOfTheseus Tim Sherwood

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  5. Favour

    Favour Nicola Berti

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    I have mine in the Royal Mint vaults. The Investment VAT on the initial purchase can be a killer depending on your initial outlay. It is most definitely a long term investment.
     
  6. scaramanga

    scaramanga Ricky Villa Staff Member

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    Put it in fine wine at BBR (other fine wine investment vehicles are available).

    At least then if the value goes to rooster, you can collect it and drink it all.
     
    Gazza Dazzla, P.D. and Favour like this.
  7. Danishfurniturelover

    Danishfurniturelover the prettiest spice girl

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    My lad got me some port for father's day. Well his mum ordered it for him. Literally by the time she had finished saying it is a 22 year old vintage, I had opened it and poured a glass.
     
    scaramanga likes this.
  8. markysimmo

    markysimmo Johnny nice-tits

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    Was up 16% at one stage today now back down to 1% up
     
  9. Danishfurniturelover

    Danishfurniturelover the prettiest spice girl

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    My biffa shares have been the best non crypto investment I have ever made.

    Chuffed on what was a bit of a punt because of their recycling plants.
     
    P.D. likes this.
  10. Danishfurniturelover

    Danishfurniturelover the prettiest spice girl

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    Anyone exposed to the us sports betting market?

    Our UK based betting companies look ripe for takeovers as we seem to lead the world in online betting (not something to boost about).

    Thinking this is an area worth more of my consideration coming up.
     
  11. scaramanga

    scaramanga Ricky Villa Staff Member

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    Our companies are strong because we don't ask if they're money laundering operations for overseas owners. Can't see that being much of a take over target.
     
  12. awesome dawson

    awesome dawson Jermaine Jenas

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    I've never been into gambling but it seems massive here (as well as the UK, nothing to be proud about). Everyone has the apps, the adverts on tv are relentless during sports programmes. Unfortunately (for those addicted and society in general) it definitely seems like a growth sector, which means $$$ for investors. I do wonder whether the whole crypto sector is essentially a grey area between, straight up gambling and investing in stocks.
     
    Danishfurniturelover likes this.
  13. Mr_B

    Mr_B Jose Dominguez

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    william hill has already wisely setup base here, they have taken over many of the "sportsbooks" in Nevada and new Jersey, strange how ladbrokes didnt get involved.
     
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  14. Danishfurniturelover

    Danishfurniturelover the prettiest spice girl

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    Apparently uk online bookmakers lead the way in technology. Makes me thinks the is huge growth particularly with the fantasy sports games. The is a lot of money out there to be had.
     
  15. ricky2tricky4city

    ricky2tricky4city Christian Ziege

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    I made a big dollop of dough on Playtech probably 10 years ago. (Poker boom)
     
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  16. Danishfurniturelover

    Danishfurniturelover the prettiest spice girl

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    Yet another thing I was right about. Draft kings:D;)

    The bookmaker behind some of Britain’s best-known gambling brands is in talks about a £16bn takeover by Draftkings, the loss-making US sports betting company.

    Entain, whose betting operations include Ladbrokes, Coral and Gala, confirmed it had received an approach from DraftKings which valued the FTSE 100 bookmaker at £28 a share or £16.4bn in total.

    It is understood that DraftKings would buy Entain’s non-US assets - including its 1,500 betting shops - leaving MGM Resorts to buy Entain’s 50pc share of its American joint venture.

    The move marks the latest escalation in a race to conquer America as the country relaxes a longstanding ban on sports and online gambling.

    William Hill was bought by MGM rival Caesars Entertainment for £2.9bn earlier this year. FTSE 250-listed rival Gamesys Group, the company behind Jackpotjoy and Virgin Games, agreed to a £2bn takeover by Bally’s, another US firm.

    Advertisement


    Advertisement : 22 sec
    [​IMG]
    [​IMG]

    The deal would pave the way for MGM to seize control of American joint venture BetMGM, after failing to acquire it in January as part of a wider £8bn deal to buy Entain.

    MGM confirmed on Tuesday that it was part of the takeover talks. It said: “MGM will engage with Entain and DraftKings, as appropriate, to find a solution to the exclusivity arrangements which meets all parties' objectives.”

    DraftKings, meanwhile, is believed to be interested in Entain’s technology and its non-US brands, including the websites bwin and partypoker.

    Entain share price
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    Formed less than a decade ago, DraftKings has yet to turn a profit and is losing about $3.5m a day.

    However, investors on the other side of the Atlantic believe it is well placed to capitalise on what will be the biggest regulated gambling market, with large marketing costs required to attract new gamblers.

    Entain said: “The board of Entain confirms that it has received a proposal from DraftKings to acquire Entain, the consideration for which would include a combination of DraftKings stock and cash.

    Advertisement
    “There can be no certainty that any offer will be made for the company, nor as to the terms on which any such offer may be made.”

    Shares in Entain, formerly known as GVC, closed 18pc higher at £22.61.

    James Wheatcroft, an analyst at stock broker Jefferies, said: “Both BetMGM and the non-US facing business that ENT has a long runway for growth ahead, supported by differentiated, proprietary tech. We therefore think current Entain investors will likely have high multiple aspirations when thinking about the take-out of Entain.”
     
  17. ShipOfTheseus

    ShipOfTheseus Tim Sherwood

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    Well, if this isn’t the dip I don’t know what is.
     
  18. Danishfurniturelover

    Danishfurniturelover the prettiest spice girl

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    You are an interesting guy and I enjoy your posts.

    I am taking a bit of a beating on my lemonade insurance at the moment but leaving it in there.

    Got money in China life which is an insurance company in China which is a 10 year trade for me but I think has a great future.

    Same with my rolls Royce.
     
    SpurMeUp likes this.
  19. SpurMeUp

    SpurMeUp Dimitar Berbatov

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    Chinese stocks are maybe cheap at the moment. The government getting involved in tech companies and the debt riddled property company have pull the willies up the market. But make no mistake China has bags of growth to come. When people talk about china slowing down, that’s it’s growth rates dropping to 5%! From 8,9,16% So picking the right Chinese companies should see great returns over the long term.

    if I had more time I’d like to learn about day trading certain stocks. Certain smaller companies like Lenovo or Save Airlines seem particular easy to trade and make money over the short term. They both rise and fall so regularly and somewhat predictably too. Happened to be at home and checked prices last week and Lenovo had jumped 10% and then soon after 30%! I sold half the holding (missed the 30% by seconds as I had to call the broker for this stock). Predictably the stock has dropped back again now. But with changing habits and people working from home laptops are in great demand and Lenovo can’t make enough - the worlds largest supplier of PCs.

    Stocks like RR or any in the travel sector will have wild swings too. The underlying financials are woeful with fewer people travelling but there is still money to be made as people speculate on things opening up.

    I’m not sure where to invest the Lenovo profits. You do need time to consider and research. So I tend to keep around half in managed trusts as well as shares.
     
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  20. Danishfurniturelover

    Danishfurniturelover the prettiest spice girl

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    Rolls Royce make a lot of their money by servicing planes but also now moving into mini power stations.

    I like them.

    Agree on Chinese stocks, alilbaba look cheap as well at the moment.
     

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