Remortgage or business loan

[haggisbasher]

Hello ISX'ers,I have been planning to double current investment in stocks and shares in the ISX as this is going to be the last time we will get shares at there current prices IHO because when they go electronic trading the value of stock will increase,with my portfolio at present has increase in value by some 20% ,with share splits,cash dividens,free & paid up share offers on the way now is the time to ramp up with more stock,my target before years end is to reach 100 million shares in bank stock,but my problem is my cash flow is limited,at present my 55 million shares is worth about 50,000GBPwhich leaves me short of about 30,000GBP to reach my target so over the next couple months i will decide how i can rise the funds i need.
When i make appointment with the bank manager i will know how much i have in my pension fund and up the short fall with a loan or remortgage the house to release some capital,he will decide what is the best means for me.
This is no longer my hobbie but a real business venture,now is the time to consolidate and attack.will keep you informed over the coming months of my progress and wish us all the best of good fortune.:cash:

[British Bulldog]

Have you been at the malt mate. To borrow for this venture is mental. How much interest will you have paid over 5 years? Iraq could still be in the same mess and your money festering doing nothing. Don't do it my friend.

[baz]

Hello ISX'ers,I have been planning to double current investment in stocks and shares in the ISX as this is going to be the last time we will get shares at there current prices IHO because when they go electronic trading the value of stock will increase,with my portfolio at present has increase in value by some 20% ,with share splits,cash dividens,free & paid up share offers on the way now is the time to ramp up with more stock,my target before years end is to reach 100 million shares in bank stock,but my problem is my cash flow is limited,at present my 55 million shares is worth about 50,000GBPwhich leaves me short of about 30,000GBP to reach my target so over the next couple months i will decide how i can rise the funds i need.
When i make appointment with the bank manager i will know how much i have in my pension fund and up the short fall with a loan or remortgage the house to release some capital,he will decide what is the best means for me.
This is no longer my hobbie but a real business venture,now is the time to consolidate and attack.will keep you informed over the coming months of my progress and wish us all the best of good fortune.:cash:

Well Haggisbasher i dont quite know what you put into them their haggis up your end of the world but it cant be much common sense if your going to let your bank manager decide whats best for you, dont you read newspapers then? havent you seen the state the banks are in? best you ask yourself if this bank manager has so much good money advice to give out, then why is he working for someone else?

Bet its because he's frigging useless at doing it himself, dead scared of losing his own money and at best had a 2 day course on money advice, thats why.

Are you really going to take a loan out on your house which right now you have/own/its yours...to buy stock in a war torn country on the whim of its getting better sometime soon. Hope you like canvas.

Dont you know anyone who's lost their house or had it taken from them because they took out a massive loan which all of a sudden they couldent afford to pay back, due to the times changing, because this is happening all the time now...everywhere.

What ever happened to, dont buy anything unless you can afford for it.

If your supposedly 55million shares you own now made you 4/5 pounds a share soon, like you hope....what you going to do with it all...save it?

I think you have just put this out to see the reaction's....but then again you might be the person who is allso considering buying a house in Iraq as well...who knows.

Good luck....you will need it.

[haggisbasher]

I did put it out for a reaction,and thxs guys for bringing me back to reality,but i am still going to transfere my pension fund over if i can,i think i could do a better job looking after it,and if my new contract in Iraq comes through i will finance the funds needed my self,should know in a couple days,thxs again,I did have a couple of double malts when i thought this out.Cheers.HB

[ComingtoDinar]

I personally like your style. It is a very risky investment but....what is safe?....AIG stock a year ago or a house anywhere in the western world? I say....go for it! (disclaimer: I am not a financial adviser, all decisions are solely the responsibility of the purchaser and may have cosequences of becoming in a finacial situation even worse than mine)

coming

[Fishindinar]

With 55 million shares you can buy and sell as new companies will come into the market. Say you have a million shares at a dinar a share and it goes to 30 dinars a share then sell and buy lower priced shares.

[iraqiDave]

Hello ISX'ers,I have been planning to double current investment in stocks and shares in the ISX as this is going to be the last time we will get shares at there current prices IHO because when they go electronic trading the value of stock will increase,with my portfolio at present has increase in value by some 20% ,with share splits,cash dividens,free & paid up share offers on the way now is the time to ramp up with more stock,my target before years end is to reach 100 million shares in bank stock,but my problem is my cash flow is limited,at present my 55 million shares is worth about 50,000GBPwhich leaves me short of about 30,000GBP to reach my target so over the next couple months i will decide how i can rise the funds i need.
When i make appointment with the bank manager i will know how much i have in my pension fund and up the short fall with a loan or remortgage the house to release some capital,he will decide what is the best means for me.
This is no longer my hobbie but a real business venture,now is the time to consolidate and attack.will keep you informed over the coming months of my progress and wish us all the best of good fortune.:cash:


You will reach that number with free shares etc etc...

If my balls were as big as yours I would remortage my house!! Anyway Good luck, not that you need it...ISX going to explode in the next few years...

[BRYAN]

If you can cover the Loan or new monthly payments then I have always stated as to invest what your feel ok if it were lost. But I do agree with you as to the prices being @ lower levels and some companies should increase with time.
:wait:Hotels , Construction , Petro-chemicals, Transportation, IMHO due your homework.:thinking::sweating::thinking::sweating:

[haggisbasher]

Hello Iraqi Dave,just back fae the boozers my national team were humped again by the dutch,but you know what i have every confidence in this investment IT will not fail barr an all out blitz wae Irans nuclear facilites ,then things will get ugly for a while,but that is not for a while,we are the as ower partners across the waters say mavericks,or the pioneers of the new lands,lets go for it,personally i would like to go to Iraq with a letter of credit,deposit it with Al-Warka and buy, buy,buy,this may be within my capiblites soon,you know i lived in London during the punk rock era,and the pistols were blasted out from our sqat 24/7been there,loved it ,now an oldish man with crazy ideas going through his methodic mind,HB