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  #41  
Old 03.12.2020, 18:38
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Re: I lost >70k in the stock market in less than 1 year

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I can just envisage you posting in 20 years time explaining how your loss exceeds the value of your house.
It will most likely happen in <13 years.
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  #42  
Old 03.12.2020, 19:06
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Re: I lost >70k in the stock market in less than 1 year

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It will most likely happen in <13 years.
Since I don't have a mortgage, I expect this to happen in about 4 years investing 50% Fundsmith & 50% Smithson. Fundsmith has compounded at 18.3% in Euros, Smithson slightly more.
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  #43  
Old 03.12.2020, 19:16
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Re: I lost >70k in the stock market in less than 1 year

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Since I don't have a mortgage, I expect this to happen in about 4 years investing 50% Fundsmith & 50% Smithson. Fundsmith has compounded at 18.3% in Euros, Smithson slightly more.
Why have you invested your money?
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  #44  
Old 03.12.2020, 19:23
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Re: I lost >70k in the stock market in less than 1 year

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Why have you invested your money?
So I don't need to work.
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  #45  
Old 03.12.2020, 19:40
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Re: I lost >70k in the stock market in less than 1 year

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So I don't need to work.
So you do use money to buy things?
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  #46  
Old 03.12.2020, 20:44
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Re: I lost >70k in the stock market in less than 1 year

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Since I don't have a mortgage, I expect this to happen in about 4 years investing 50% Fundsmith & 50% Smithson. Fundsmith has compounded at 18.3% in Euros, Smithson slightly more.
For me, it would be 6 years with an 18.3% return.
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  #47  
Old 03.12.2020, 20:52
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Re: I lost >70k in the stock market in less than 1 year

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For me, it would be 6 years with an 18.3% return.
Ouch. That would correspond to a deposit of well more than 20% though unless my maths are wrong (always a possibility - I nearly failed 1st year university mathematics for chemists!).

I make it 11 years for your return to exceed your property value (assuming no growth in the latter) at 18.3% return.
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  #48  
Old 03.12.2020, 20:55
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Re: I lost >70k in the stock market in less than 1 year

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For me, it would be 6 years with an 18.3% return.
18.3% compound grows 95.6% in 4 years, why so long ? I calculate a loss of 174% in 6 years
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  #49  
Old 03.12.2020, 20:59
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Re: I lost >70k in the stock market in less than 1 year

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18.3% compound grows 95.6% in 4 years, why so long ? I calculate a loss of 174% in 6 years
Value of property - not value of deposit!

IE assuming a 20% deposit you'd it to have grown 6 times.
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  #50  
Old 03.12.2020, 21:07
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Re: I lost >70k in the stock market in less than 1 year

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Value of property - not value of deposit!

IE assuming a 20% deposit you'd it to have grown 6 times.
I don't use gearing.
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Old 03.12.2020, 21:13
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Re: I lost >70k in the stock market in less than 1 year

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I don't use gearing.
Only because you can't get a mortgage at your age
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Old 03.12.2020, 22:12
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Re: I lost >70k in the stock market in less than 1 year

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Only because you can't get a mortgage at your age
No problem at all getting a mortgage here at the age of 58!
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  #53  
Old 03.12.2020, 23:00
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Re: I lost >70k in the stock market in less than 1 year

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Ouch. That would correspond to a deposit of well more than 20% though unless my maths are wrong (always a possibility - I nearly failed 1st year university mathematics for chemists!).

I make it 11 years for your return to exceed your property value (assuming no growth in the latter) at 18.3% return.
maybe you forgot that it already 'lost' >90k in the first year.

120k deposit. 600k property. (1/2 share).

(120k+99k) * 1.183^6 = ~600k

Last edited by Phil_MCR; 03.12.2020 at 23:12.
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  #54  
Old 04.12.2020, 11:02
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Re: I lost >70k in the stock market in less than 1 year

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No problem at all getting a mortgage here at the age of 58!
It would be a problem if your income was below 1k a month.
I remember when I was working a Swiss Bank was happy to lend me 700k against a property costing 900k, but not against a property costing 1.2 million.
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