LEO-RS

I thought I read the Pagani and LP700 funds? If that is not ***** waving then what is?

Perhaps he does have wife, kids and house, I never finger pointed at anyone on this thread but my post was aimed more so at the point Simon made about how some people can afford such luxuries.

Some 30 somethings are still at home, some people do not want children, valid answers to his question, no?

I've nothing to feel insecure about Trout, my life is exactly the way I want it to be. I earn a decent amount of money myself but I have come to the conclusion that it's not money or possessions that makes me happy.

Cammy5106

iTrader: (3)

Its winding folk up on forums that makes me happy

Who cares man so what if they want to talk about what they have big deal dont like it dont post

Simon K

Gents, I never meant to cause a fight here, I asked because I was generally interested. Alloy, I always thought of you as a trader ?? Do you work at home / alone, or city firm ?

Im not complaining, Im happy with my life. Would love a GTR and although I know I could buy one on HP, the sensible head tells me to channel my funds towards school fees and other things. :-)

Whatever the situation, loving the chitter chatter about the GTR, and would love a go in one.

SBK

Trout

iTrader: (1)

Posh GTR owners are 'traders' the rest are just dealers

Trout

iTrader: (1)

...but for one little exception perhaps?

Cammy5106

iTrader: (3)

I mate what you dealing ? lol

Is it white and goes up you nose hahaha Just kidding Pablo!!

grahamc

iTrader: (10)

Well my story is a bit of a long one....

Yes rubbish house. Missus and I bought before we started making decent money and now cannot be assed to change it. Houses in this country are a rip off!! We know our neighbours and cars are safe! Almost finished redoing the interior, so I am happy with it.

Neither me nor the other half wants kids. So no need for a big house with 5 bedrooms.

We would rather funnel our money into being able to slowing down the amount we have to work. We both work as IT contractors on decent day rates.

We currently have 4 properties and are buying more, looking at France as the missus wants to try living there.....

In 2-3 years time, we will both be in a position to to take 6 month of the year off and continue like that for a few more years buying a few more investments and then call it a day and retire (do something else).

Wears now in a position where we can buy the cars we want an I have wanted a GTR for ages, starting with the R34 GTR.

I think that pretty much covers the bases....

grahamc

iTrader: (10)

Forgot to say that I'm 32. Grew up in South Africa. Moved to the UK 7 years ago (with nothing). Lived with my mom till I was 20, after that I lived by myself...

Terminator X

iTrader: (7)

^^ I'm feeling nosey, what do you do? 32 is a young age to afford a GTR

TX.

Edit - oops, stated above ... note to self, read posts

grahamc

iTrader: (10)

I specialise in SQL server databases for finance companies

LEO-RS

I whipped a MY11 GT3 at Crail on Sunday Trout, 11.7 vs 12.5. Lovely car though, much nicer without the stickers

grahamc

iTrader: (10)

Answer to earlier question.... I would NEVER draw from my mortgage to fund a car.... Not even a GTR!!

When we draw which is different for a couple of the houses it will be to reduce tax burden by buying another property...

Simon K

Hi Graham. Fair play to you mate I love reading how someone has worked hard and now enjoy's the life he's made. What do you do in It ?? Im a 39 year Solaris / Unix SA been contracting about 15/16 years now.

Two contractors together, no kids, man you must be rolling in it :-) My Mrs doesnt work now, now that we have two kids. Pre Mrs / Kids, life was cool, money was never an issue and I was about to buy myself a lovely Merc SL65, but that changed :-( Hence why I call me Mrs "Mercedes" as this is what I gave up to have her instead :-)

What sort of mpg do you get out of your GTR ? What was the insurance like ?? I know that sounds cheap, i.e. if you need to ask you cant afford, but just interested. Is road tax £400 + ?

SBK

grahamc

iTrader: (10)

Well it took us a while to get one over to contracting then 4-5 months after that I moved over. I was earning more as a permie.

MPG - no idea
Insurance - 1k including protected NCB, missus and trackdays
Tax - no idea, but probably

We have considered changing houses here, but don't see the need for it as we would both prefer to be in France sooner and stay where we are currently.

IT - SQL Server specialist

grahamc

iTrader: (10)

I bet she loves here nickname

alloy

Im a fund manager, my hedge fund has a trading style because thats how i make the markets work for me

I'm 26, house paid off, no kids, a couple of girlfriends and when i'm not working 16hour days i spend my money on whatever i want because in my opinion i deserve to

GTR MPG averages 18/19, will get 26 on the motorway will do single digits around town (mine is modified but stock is pretty much the same), road tax just paid mine £460 which is criminal, insurance not as bad as you might think

LEO-RS

I had a look into GTR ownership a couple of months back as I was seriously tempted myself.

Real time average around 16-18mpg
Tax is top band at £460
Insurance more than doubled for me to £1500 (I am 28)
Set of tyres £13-1500

I do 15k miles per year so couldn't justify the car, mileage for me is a killer.

Alloy will probably give you a better idea though. (Beat to it above)

Simon K

Best thing I ever did, going contracting. Yes, contracts are harder to find in the gloomy times, but if your any good, then there's always work.

Im very risk adverse, so instead of buying more property, I paid off my mortgage . House is worth £700K+, and I know I should really take some of the equtity out of it, and buy a few flats / 2/3 bedroom houses, now whilst the market is flat, for future investments.

However, I have a several friends that have done this, 10 or so properties each, and now are having issues covering mortgages etc etc.

Anyway, back on topic, how come red ?? What other colours were there ?? Didnt fancy the Metalic blue ?

SBK

Simon K

Alloy, fair play matey. I did 7 years in the city, many different investment banks, trade floors. Served my time :-), and spent many an hour getting pi55ed with a few trader friends over in Pitcher Paino :-)

Enjoy that freedom whilst you can, once you have kids, it all goes :-) haahah

SBK

grahamc

iTrader: (10)

Blue is too dark for my liking, if they had have stuck with bayside blue, maybe a different story. Red because it looked good!!! Yes was my first choice....

I will pay off the property I live in, the rest can be mortgaged and rented, better for taxes....

New topic - "bloody fund managers- love or hate?"

Myles

iTrader: (40)

I promise I wasn't waving my ***** when thinking of Optimus Prime being rogered by Robocop.

Come on lads, I drive a 52 plate Impreza, have a wife and kids, a house to move into when i leave the RAF and all I can say is well done to the guys driving GTRs GT3s etc. You have obviously worked very hard to achieve your dreams. I only wish I could afford either, well perhaps a GTR when I get my gratuity at the end of my time.

Jealous, yes, in a malicious way, hell no.

Simon K

Fund Managers ? :-) Depends if they buying :-)

I remember watching a charity auction, back in the day, and how there wasa Fait Panda ( 1996 ) being auctioned for charity. Few of fund managers were bidding for it, drink was flowing, and it eventually sold for £69K !! And it was never collected either.

Mind you, its prerry cut throat, there's always someone in the wings waiting to take over ! Ive wittnessed many a sacking on the tradefloor !

SBK

Trout

iTrader: (1)

One thing that does amaze me is all the IT contractors who don't seem to twig that the real money comes from placing your friends and taking a wedge. At £150 a head per day you place ten friends and you don't need to work. Place five and you don't need to work as much!

alloy

Why i ought a!!! Been thrown to the slaughter by another GTR owner, what a sorry state this world is in

grahamc

iTrader: (10)

Agree completely. Problem is, people are very scared to move to contract - supposedly no security, everything is short notice (have to resign with no job) etc. Have a few that I am trying to convince to make the move!!

grahamc

iTrader: (10)

I'm just jealous!!!

Terminator X

iTrader: (7)

FPMSL

TX.

Simon K

I agree with Trout to a point, however, the type of contractor, that is stupid enough to be placed by you, whilst you take a drink out of his day rate, is obviously not too clued up and not someone I would want working with me.

I feel there are far too many contractors, all `technically certificated` but useless when on site. The good thing about the hard times, is that it filters out the rubbish, as they are go back to perminant employement.

SBK

Trout

iTrader: (1)

Most, if not all contractors go through an agency. I am suggesting focusing on the agency side of things.

Whilst not my core business, the RS was paid for by placing program managers and architects at a client. All the contractors knew my margin and they were happy as they had work. The client was happy as all my recommendations were quality people.

Great business. I am on vacation next week and it will be paid for when I am on the river bank catching salmon.

Something to think about

Trout

Trout

iTrader: (1)

PS Graham - if you are ever short of work (seems unlikely) let me know