buy a house or buy shares in bp ????
Discussion
Pigeon said:
Buy a house, you can't live in shares.
Well I suppose if you bought enough of them you could paste them together into a sort of tent. But it would still not be as good to live in as a house.
Mmm but shares have dropped 70 % and starting to rise 7% today Well I suppose if you bought enough of them you could paste them together into a sort of tent. But it would still not be as good to live in as a house.
Edited by 007 VXR on Sunday 18th July 00:20
007 VXR said:
Biker's Nemesis said:
How much are you talking?
How long can you sit on the shares? Won't you need money for a house?
60k and dont need a house for a long time How long can you sit on the shares? Won't you need money for a house?
Have you explored other avenues for a 60k investment?
007 VXR said:
Pigeon said:
Buy a house, you can't live in shares.
Well I suppose if you bought enough of them you could paste them together into a sort of tent. But it would still not be as good to live in as a house.
Mmm but shares have dropped 70 % and starting to rise 7% today Well I suppose if you bought enough of them you could paste them together into a sort of tent. But it would still not be as good to live in as a house.
Edited by 007 VXR on Sunday 18th July 00:20
Buying shares could be a very good investment (it could fund your carbon fibre addiction 
) as the share prices dropped so much, and they should start to rise now they've fixed the oil leak. On the other hand it could be a while until you see much of an increase..
Depends how long before you need to buy a house
) as the share prices dropped so much, and they should start to rise now they've fixed the oil leak. On the other hand it could be a while until you see much of an increase..Depends how long before you need to buy a house
007 VXR said:
Mmm but shares have dropped 70 % and starting to rise 7% today
And if the cap fails? straight back down 7%?Edited by 007 VXR on Sunday 18th July 00:20
how about waiting until the relief wells are drilled and they are about to poor in the concrete to shut it for good if you want to be safe.
ked, in nice terms. I'd go for the house. And if you don't need it for long and the money is ok sitting rent it out? Never put money into equity (other than your primary residence) that you can't afford to lose
BP may well got nuts from here. They certainly look value in a historical context. However.... they have an unknown liability on their balance sheet, and more importantly are a political football for Obama and his chums to kick around until they got bored. Be very careful.
I'm no fan of the UK residential market, but BP is a high risk game. You could win big, or lose the lot. Beware.
BP may well got nuts from here. They certainly look value in a historical context. However.... they have an unknown liability on their balance sheet, and more importantly are a political football for Obama and his chums to kick around until they got bored. Be very careful.
I'm no fan of the UK residential market, but BP is a high risk game. You could win big, or lose the lot. Beware.
harry010 said:
Famous Graham said:
Buy a Lamborghini.
Ladies and Gentlemen, we have a winner! 
edited for my frankly crap spelling, and I don't even have the "it's past midnight" excuse
Edited by harry010 on Sunday 18th July 01:24
Rocksteadyeddie said:
harry010 said:
Famous Graham said:
Buy a Lamborghini.
Ladies and Gentlemen, we have a winner! edited for my frankly crap spelling, and I don't even have the "it's past midnight" excuse
Edited by harry010 on Sunday 18th July 01:24
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