View Poll Results: What would you personally prefer to happen? |
I want the UK to stay in an ever-closer union
|    | 49 | 23.11% |
I want the UK to stay in a loosely connected EU
|    | 68 | 32.08% |
I want the UK out because the EU is bad for the UK
|    | 22 | 10.38% |
I want the UK out because the EU is a bad thing
|    | 23 | 10.85% |
I want the UK out because this would be good for the rest of us
|    | 17 | 8.02% |
I don't really care
|    | 33 | 15.57% |  | | | 
05.12.2017, 10:27
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
| | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in | Quote: |  | | | Sure helps having Oxbridge educated parents and enough money to be worrying about inheritance tax though. But sure, it's ALL your own work, keep believing the hype. | | | | | Sadly my father died with assets less than the inheritance tax threshold, I inherited nothing from him.
If you had followed my investment strategy that I posted on EF over the last 5.5 years you would have almost quadrupled your money too. I guess you did not have the balls to put up to 90% of your net worth into Apple then moved 90% into Fundsmith.
Edit, even if you had just hold Apple stock all the time you would have tripled your money, I can assure you Apple was not my first BIG investment, creating wealth is about taking extraordinary risks. You won't take those risks yourself however you think your entitled a share.
Last edited by fatmanfilms; 05.12.2017 at 10:50.
| The following 2 users would like to thank fatmanfilms for this useful post: | | 
05.12.2017, 10:52
| Forum Legend | | Join Date: Apr 2008 Location: Zurich
Posts: 3,949
Groaned at 78 Times in 57 Posts
Thanked 4,221 Times in 2,273 Posts
| | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in | Quote: | |  | | | Sadly my father died with assets less than the inheritance tax threshold, I inherited nothing from him.
If you had followed my investment strategy that I posted on EF over the last 5 years you would have almost quadrupled your money too. I guess you did not have the balls to put up to 90% of your net worth into Apple then moved 90% into Fundsmith. | | | | |
That (going all-in on AAPL) was indeed quite ballsy.
When I saw the iPhone presentation in 2007, I was pretty sure this was "it".
But I'm not really a stock-guy, so I didn't think about buying.
The stock price back then? About 12-13 USD.
It's now at 170-ish, after a 7-for-1 split in 2014.
And that doesn't count the dividends they've been paying over the last years.
Even the 20-ish % decline in the exchange-rate isn't a big deal in that context.
Good for you, in any case.
| The following 2 users would like to thank rainer_d for this useful post: | | 
05.12.2017, 11:25
| | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in | Quote: | |  | | | Sadly my father died with assets less than the inheritance tax threshold, I inherited nothing from him.
If you had followed my investment strategy that I posted on EF over the last 5.5 years you would have almost quadrupled your money too. I guess you did not have the balls to put up to 90% of your net worth into Apple then moved 90% into Fundsmith.
Edit, even if you had just hold Apple stock all the time you would have tripled your money, I can assure you Apple was not my first BIG investment, creating wealth is about taking extraordinary risks. You won't take those risks yourself however you think your entitled a share. | | | | | Nice of you to assume you know anything about my investment strategy or wealth. The world does not revolve around you or your opinions and whilst I'm happy you've done reasonably well with your money, following a random's advice on an internet forum is generally not great financially.
It's nice to be able to risk everything though, knowing there's a nice safety net to catch you if you get it wrong. That's why we need taxes.
Anyone who invested in crypto 5 years ago would be chuckling at you boasting of quadrupling your money, incidentally.
| 
05.12.2017, 11:38
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
| | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in | Quote: |  | | | Nice of you to assume you know anything about my investment strategy or wealth. The world does not revolve around you or your opinions and whilst I'm happy you've done reasonably well with your money, following a random's advice on an internet forum is generally not great financially.
It's nice to be able to risk everything though, knowing there's a nice safety net to catch you if you get it wrong. That's why we need taxes.
Anyone who invested in crypto 5 years ago would be chuckling at you boasting of quadrupling your money, incidentally. | | | | | From your tone, your clearly not a speculator & I can deduce an awful lot from that.
The safety net is of course a day job & if you work in CH the legal requirement for a pension.
5-10 years from now, I may well get the final laugh over those crypto investors. The only reason people are buying crypto is to sell for a higher price to someone else, the market is euphoric & people who have never before invested as they are risk averse are piling in before it's too late. It's intrinsic value is zero as it does not provide an income or grow organically, quite similar to gold, at least gold does have a use.
| This user would like to thank fatmanfilms for this useful post: | | 
05.12.2017, 11:45
| | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in | Quote: | |  | | | From your tone, your clearly not a speculator & I can deduce an awful lot from that.
The safety net is of course a day job & if you work in CH the legal requirement for a pension.
5-10 years from now, I may well get the final laugh over those crypto investors. The only reason people are buying crypto is to sell for a higher price to someone else, the market is euphoric & people who have never before invested as they are risk averse are piling in before it's too late. It's intrinsic value is zero as it does not provide an income or grow organically, quite similar to gold, at least gold does have a use. | | | | | I'm sorry, I clearly touched a nerve. My advice to you, if you wish to make some better returns, is to take the advice of the crypto people and try and buy things to sell at a higher price.
| 
05.12.2017, 11:56
|  | Senior Member | | Join Date: Jul 2006 Location: Baden AG
Posts: 465
Groaned at 9 Times in 8 Posts
Thanked 1,367 Times in 528 Posts
| | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in | Quote: |  | | | We also noticed how much more expensive the UK has become since we visited last January- and also how packaging has been changed to hide sme of those rises- same price or small rise, but much less product- often 20% or more less. Who are you to call it 'bollocks' giving the price of 2 items, one of them a luxury one? Doh.
I wonder when either you or FMF have spent a signficant period of time in the UK. Some people actually live in the UK (all my direct family for instance) with their families- and live normal lives, doing 'normal jobs' and do not live just hanging to the stock exchange.
So 16 hours 7 days a week - who is that FMF - and is this in short bursts or week in, week out. Some of my close relatives have very high end jobs, and work very long hours with huge responsibilities - so what re Brexit and price rises?
Shrinkflation has been condemned by many, including WHICH the consumer association.
Here are some before and after comparisons
Bird's Eye Fish fngers 336 gr for 2.35 now 280 gr (looks like same packet) for 2.50
Turkey from Asda 573gr pack for 3.50 now 500gr for 4.50 - a massive 47.3 % increase
Sausages Saisnburys 20 chipollatas/625 gr for 2.63 now 16 in a pack, 500gr, for 3.0 - a huge 42% increase
About the same for normal sausages - now a pack of 8 is a pack of 6- and again over 40% increase. Etc. etc.
The loo roll core was 4.5 cm now nearly 6 and the paper wound so loose that it practically falls off the roll. And so on ... | | | | | And, of course | 
05.12.2017, 12:03
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
| | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in | Quote: | |  | | | And, of course  | | | | | Available for £1, so the cheapest branded chocolate in the UK. | Quote: |  | | | I'm sorry, I clearly touched a nerve. My advice to you, if you wish to make some better returns, is to take the advice of the crypto people and try and buy things to sell at a higher price. | | | | | Not at all, I don't follow the crowd & never will. I only invest in BUSINESSES, that will grow & have below average debt which I believe are under priced in the market.
I had a slightly more balanced strategy until 2007, being diversified did not reduce drops in value at all it increased paper losses. You will notice that I don't have many investment tips, less than 0.5 a year on average over 25 years. I don't expect to make another one unless the market significantly falls as thats the only time serious mis-pricing occurs. Until then Fundsmith, the companies Fundsmith invest in plus Apple in will represent about 90% of my investable net worth.
Last edited by fatmanfilms; 05.12.2017 at 12:17.
| 
06.12.2017, 01:13
|  | Forum Legend | | Join Date: May 2008 Location: Kt. Zürich
Posts: 11,939
Groaned at 618 Times in 523 Posts
Thanked 22,148 Times in 11,623 Posts
| | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in | Quote: | |  | | | And we can forget any trade deals based upon the 'special relationship'. | Quote: |  | | | The US Department of Commerce has again ruled against aerospace firm Bombardier in its dispute with rival Boeing.
A further tariff of 80% has been imposed on the import of Bombardier's C-Series jet to the US for alleged below-cost selling.
This is on top of an earlier tariff of 220% which related to subsidies Bombardier got from Canada and the UK. | | | | | http://www.bbc.com/news/uk-northern-ireland-41532309 | | | | | Canada will call off a planned buy of 18 Boeing Super Hornet fighter jets after a months-long dispute with the U.S. defense contractor, Reuters reported on Tuesday.
Canada was in the midst of negotiations to buy the Boeing-made F/A-18s for an estimated $5.15 billion, but the country put talks on hold after the defense contractor in April filed a complaint with the U.S. Commerce Department against Canadian company Bombardier.
No good deed shall go unpunished
| The following 2 users would like to thank marton for this useful post: | | 
06.12.2017, 11:39
| Forum Legend | | Join Date: Oct 2014 Location: SG
Posts: 10,011
Groaned at 579 Times in 419 Posts
Thanked 13,456 Times in 6,993 Posts
| | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in | Quote: |  | | | Available for £1, so the cheapest branded chocolate in the UK. | | | | | Half the triangles got removed so price still increased by perhaps 25%.
Btw is it "price increase of" or "by"?
| 
06.12.2017, 12:28
|  | Forum Legend | | Join Date: Nov 2015 Location: Küsnacht, Switzerland
Posts: 4,275
Groaned at 131 Times in 115 Posts
Thanked 11,520 Times in 5,021 Posts
| | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in | Quote: |  | | | Available for £1, so the cheapest branded chocolate in the UK. | | | | | Not by a long way.
When you know the price of everything and the value of nothing, you will never see the impact that this pre-Brexit phase is having on peoples' day to day lives. Over the last month, I had literally dozens of people telling me how much prices had gone up in supermarkets, and a joiner telling me how much the cost of certain timbers has increased over the last 6mths alone.
I had a long chat with 2 charities about how they're struggling to find enough second hand goods to fill their shops, and are looking at closing a large percentage of them, because people are hanging onto their goods for longer. Even got a courtesy call from the British Heart Foundation shop who were thrilled that the item I'd donated sold at full price a few days after it went on display, giving them well over £100 clear profit.
So whilst some in this thread are more inclined to brag about investing a percentage of their income, perhaps they should be reminded that hundreds of thousands of the people directly affected by Brexit are genuinely struggling to make ends meet, despite working full time. This "I'm alright Jack" approach sickens me almost as much as seeing huge collections of groceries for food banks at the end of the tills of every major supermarket I visited over the last month. If ever there was a truer indication of a failed government, it's that.
| This user would like to thank Blueangel for this useful post: | | 
06.12.2017, 12:30
|  | Member | | Join Date: Apr 2016 Location: Aargau
Posts: 163
Groaned at 3 Times in 3 Posts
Thanked 260 Times in 137 Posts
| | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in | Quote: | |  | | | Half the triangles got removed so price still increased by perhaps 25%.
Btw is it "price increase of" or "by"? | | | | | Toblerone had a price increase of 25% (increase as a noun)
The price of Toblerone increased by 25% (increase as a verb)
| The following 2 users would like to thank pdofr for this useful post: | | 
06.12.2017, 12:48
|  | Forum Legend | | Join Date: Nov 2015 Location: Küsnacht, Switzerland
Posts: 4,275
Groaned at 131 Times in 115 Posts
Thanked 11,520 Times in 5,021 Posts
| | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in | Quote: |  | | | Impact assessments of Brexit on the UK 'don't exist' | | | | | http://www.bbc.com/news/uk-politics-42249854  | 
06.12.2017, 13:20
| Forum Veteran | | Join Date: Jan 2014 Location: Lausanne
Posts: 571
Groaned at 46 Times in 27 Posts
Thanked 654 Times in 355 Posts
| | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in | Quote: | |  | | | | | | | | What's the need for 57 different sector assessments, when all can be simplified to the very obvious: we're screwed! | This user would like to thank dandi for this useful post: | | 
06.12.2017, 14:00
| Forum Legend | | Join Date: Oct 2014 Location: SG
Posts: 10,011
Groaned at 579 Times in 419 Posts
Thanked 13,456 Times in 6,993 Posts
| | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in | Quote: | |  | | | | | | | | I'm starting to think DB is right, that May is intentionally doing as bad of a job as possible with the intent to keep Brexit from happening. It's the only logical explanation. I can't believe the current government is that inept, it's simply not possible.
| The following 3 users would like to thank Urs Max for this useful post: | | 
06.12.2017, 14:13
|  | Forum Legend | | Join Date: Nov 2015 Location: Küsnacht, Switzerland
Posts: 4,275
Groaned at 131 Times in 115 Posts
Thanked 11,520 Times in 5,021 Posts
| | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in | Quote: | |  | | | It's the only logical explanation. I can't believe the current government is that inept, it's simply impossible. | | | | | There's another school of thought, one favoured by my mates in the UK, that the negotiation team are deliberately heading for a no deal Brexit. IDS is screaming for this to happen to save time and money.
Personally, I'm gobsmacked at how badly this is all being handled. My experience is limited to a national negotiation committee, but even I can see that so much more should have been dealt with and boxed off by now.
| The following 2 users would like to thank Blueangel for this useful post: | | 
06.12.2017, 16:01
| | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in
Politicians do not want Brexit to happen, so why should they try to make it happen, yes the people who voted are in favour of it but since when are politicians concerned about what the people want?
I never believed Brexit will happen, and all signs I see point in that direction.
| The following 4 users would like to thank for this useful post: | | 
06.12.2017, 16:17
| | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in
Politicians are not necessarily leaders.
Its foolish to think a government can guarantee certainty, and it is impossible to satisfy 65 million people with opposing views and desires. The problem with Theresa May is she appears to have promised to please, and so you have people expecting to be pleased. Its impossible.
A great leader in this situation would normally burn the bridge behind them so there is no looking back. But I don't think there are any great leaders in the UK anymore, so it will probably just flail around, flounder and suffer in defeat.
| 
06.12.2017, 17:27
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
| | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in | Quote: | |  | | | Half the triangles got removed so price still increased by perhaps 25%.
Btw is it "price increase of" or "by"? | | | | | Weight dropped from 170 to 150, so less. RRP still £2.49 no doubt 2 forum members would pay that & say 149% increase
It’s sold in the pound shop, the white is still 170g
| 
06.12.2017, 17:27
| Forum Legend | | Join Date: Oct 2014 Location: SG
Posts: 10,011
Groaned at 579 Times in 419 Posts
Thanked 13,456 Times in 6,993 Posts
| | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in | Quote: | |  | | | There's another school of thought, one favoured by my mates in the UK, that the negotiation team are deliberately heading for a no deal Brexit. IDS is screaming for this to happen to save time and money.
Personally, I'm gobsmacked at how badly this is all being handled. My experience is limited to a national negotiation committee, but even I can see that so much more should have been dealt with and boxed off by now. | | | | | "No deal" would cost much much more. Those €50bln are "only" 3% of UK's GDP, even if amortised over only ten years that's just 0.3% annually (it can be argued that is is vastly overstated, but let's leave it at that).
The uncertainty alone will cause more damage, it already shows. The EU doesn't even need to act, its revenge is intrinsic to Brexit.
Now imagine the consequences if the EU refuses to close any kind of contracts for a long time - after all the UK will just have proven that it doesn't honor contracts so there's no use in closing new ones.
Last edited by Urs Max; 06.12.2017 at 17:41.
| 
06.12.2017, 18:36
|  | Forum Legend | | Join Date: Nov 2015 Location: Küsnacht, Switzerland
Posts: 4,275
Groaned at 131 Times in 115 Posts
Thanked 11,520 Times in 5,021 Posts
| | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in | Quote: | |  | | | It’s sold in the pound shop, the white is still 170g | | | | | If you had been in Poundland recently, you'd be aware of this... | Quote: |  | | | Poundland must redesign a copycat Toblerone bar after settling a three-month dispute with chocolate maker Mondelēz. The budget retailer delayed the launch of its Twin Peaks bar in July after Mondelēz took exception on the similarly of Poundland’s version with the Swiss-made Toblerone. | | | | | http://www.independent.co.uk/news/bu...-a8019496.html |
Currently Active Users Viewing This Thread: 8 (1 members and 7 guests) | spage | Thread Tools | | Display Modes | Linear Mode |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts HTML code is Off | | | All times are GMT +2. The time now is 11:42. | |