Today's market drop of 161 points

Sell stocks, buy uncut diamonds and head for the hills.

Do some fishing until it's all over.

I sold off about 2/3's of my stocks, all at a gain, knowing they were going to go down, within the last couple of weeks.

This put me at 91% of my goal for the year, and I've got more than 5 months to go.

I'm happy. I'm watching about 7 or 8 stocks to get into at some point.

Have you not learned the basics of investing? Buy low sell high.

Bit what about the fishing?

Fishing is good any time, any where, where there are fishes to be caught.

That's brilliant, chai.

Living in North London, I don't bother with all the hassle of stocks, but over the past five years we've stuck it all into properties. Rent comes in each month, and the way the housing market is over here (in London, especially), the capital is going up and up. About 20% in the past twelve months.

Like stocks, we bought both of them at the bottom. It means that I spend a lot of time renovating, decorating and sorting out problems, but it's notching up a pretty good pension pot.

Good move and good show! Property ownership at the right locations have provided many with above average returns. I owned income property when I worked, but sold it when I retired, because I didn't want to manage anything in my retirement - I just wanted to be free of all 'responsibilities' to travel. Had to even forgo getting a dog. The rental property brought in three times what we paid for the property in rents, then I sold the property for twice what we paid for it.

However, my wife and I socked away 15 to 20% of our income when we worked into retirement investments, and that has also provided us with good income, and it allows me to continue my avocation of travel around the world.

BTW, I know Lindsay Hamilton, the professional singer who lives just outside of London. Met her on one of my cruises, and we've kept in touch ever since. Great singing voice whose done plays in London. You may have seen her.
http://ghostlight.us/lindsay-hamilton/

I've noticed in a lot of your posts lately you're doing renovations.

Is that on your home, or your properties?


I thought about buying a property to rent out, but now I'm glad I didn't. I'm enjoying my free time too much.

How fast are homes selling over there?

Our investments have done very well compared to the stock market indices, and her is our result for the past week.
Portfolio's Performance » See More Portfolio Analytics
1 week 1 month 3 month 1 year YTD
You -1.3% -0.9% -2.1% 9.8% -0.9%
DJIA -2.9% -3.7% -1.3% 9.3% -3.7%
S&P 500 -2.8% -3.1% -1.1% 11.9% -3.1%