taylorboosh
Member
Registered: 3rd Apr 07
User status: Offline
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Its not going too well, have a couple grand but keep wasting it on crap.
Just been offered a share save. 5 years at 1.56 at current theyre about 2 quid i think. Saving 150 each month.
Good idea?
Seems in five years that i will have about half the cash i need from that alone. The best bit is due to a milestone payrise i wont even notice the 150
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John_C
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Registered: 5th Mar 03
Location: South east, Bromley
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to be honest - if the company has a good track record of share and dividend growth then put as much in as possible. Obviously don't put all eggs in one basket.
Whos the company?
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taylorboosh
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Registered: 3rd Apr 07
User status: Offline
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Bt group n- im an openreach apprentice
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John_C
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Registered: 5th Mar 03
Location: South east, Bromley
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Put as much in as poss - fundamentals of BT are sound. Serious cash generation, got their pension deficit to a more manageable position, dividend 4.3%
http://www.digitallook.com/companyresearch/10025/BT_Group/company_research.html
Still would say stick as much in as allowed and let compounding work its magic - don't waste money on crap for a corsa! I've been there - lol
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John_C
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Registered: 5th Mar 03
Location: South east, Bromley
User status: Offline
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http://www.fool.co.uk/news/investing/company-comment/2011/05/12/bt-to-have-and-to-hold.aspx
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taylorboosh
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Registered: 3rd Apr 07
User status: Offline
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mate i have an audi tt, and £150 is about my max at the moment so it will do. When im better finantialy i will start a second share save.
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taylorboosh
Member
Registered: 3rd Apr 07
User status: Offline
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Also theres a big thing with NGext Gen Acces and fiber so I believe share prices should be on the rise, although nothing is certain. Good thing is if they fall I can choose not to buy them and just get my 9k savings.
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Rich H
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Registered: 26th Oct 05
Location: West Sussex Drives: E46 M3
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If you're that serious about the Ferrari, bin the TT and drive something cheaper to own / run / insure to free up more cash!
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Jake
Member
Registered: 24th Jan 05
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buy a ferrari when youve got at least 50k a year income
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taylorboosh
Member
Registered: 3rd Apr 07
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tt is on pistonheads mate, i no longer need a car, bought it on a whim which i regret massively
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taylorboosh
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Registered: 3rd Apr 07
User status: Offline
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quote:
Originally posted by Jake
buy a ferrari when youve got at least 50k a year income
dont need a 50k income to own a £20k car
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Jake
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Registered: 24th Jan 05
User status: Offline
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do you not think about running costs when you buy a car?
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taylorboosh
Member
Registered: 3rd Apr 07
User status: Offline
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no, by the time I have the cash I will be on sufficient funds to run it as a weekend toy...
[Edited on 05-06-2011 by john-d]
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taylorboosh
Member
Registered: 3rd Apr 07
User status: Offline
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http://www.pistonheads.com/sales/2887811.htm
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John_C
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Registered: 5th Mar 03
Location: South east, Bromley
User status: Offline
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I'd look at earlier ones, 328 etc - prices already bottomed and will drift up...
cheaper to service too.
Seriously best advice - Invest as much as poss in share scheme. Just buy and hold, be much better off in long term.
All cars are just money pits you never get a return on!
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Ben G
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Registered: 12th Jan 07
Location: Essex
User status: Offline
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quote:
Originally posted by john-d
quote:
Originally posted by Jake
buy a ferrari when youve got at least 50k a year income
dont need a 50k income to own a £20k car
Deluded.
When it breaks you will be sorry. Check ph for owner stories.
Good luck though.
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Nath
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Registered: 3rd Apr 02
Location: MK
User status: Offline
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Massively underestimating the running costs IMO.
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mwg
Member
Registered: 19th Feb 04
Location: South Lakes
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BRB just saving up for a Lamborghini
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Corsa_Sport21
Member
Registered: 13th Apr 08
Location: Leven, Fife. Drives : 205 GTi
User status: Offline
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IIRC it was about 6-8mths ago you said you didn't need a decent car,then you started throwing money at that corsa and have had the TT a good few months.
If you were serious you would have had a low cost running car at most right from the very start.
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John_C
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Registered: 5th Mar 03
Location: South east, Bromley
User status: Offline
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Servicing Costs
http://www.verdi-ferrari.com/ferrari_servicing.php
I was looking at 328's - easier on the wallet
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Ben G
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Registered: 12th Jan 07
Location: Essex
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what about when things break? Suspension? Clutch? Gearbox? Heaven forbid what youll do.
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Mike
Organiser: North West and North Wales
Premium Member
Registered: 20th May 06
Location: nr. Skipton, North Yorkshire
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Clutch on a 348 is from £1100 on that link ^
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Jake
Member
Registered: 24th Jan 05
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ben some of the stuff you come out with worries me
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Ben G
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Registered: 12th Jan 07
Location: Essex
User status: Offline
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Ok cool
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Paul_J
Member
Registered: 6th Jun 02
Location: London
User status: Offline
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quote:
Originally posted by John_C
Servicing Costs
http://www.verdi-ferrari.com/ferrari_servicing.php
I was looking at 328's - easier on the wallet
That's actually surprisingly cheap to be honest.
Only £600 to service a Ferrari 360 would've thought it was a lot more.
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