Housing, pt 9: three sets of bad news

In the ongoing saga which is my attempt to raise an absurd amount of cash to buy a few hundred square meters of Dream Home in London, I have had three bits of bad news this week.

At the start of last week I thought that I had pretty much sold everything I needed to sell.  I’d only just become a ‘forced seller’, which saw me liquidating for example some FTSE-100 stocks at a FTSE of around 5900 – around 5% below the level I entered this process at.  I had three things to do: collect cash from assorted bank accounts, confirm my margin loan, and sell one particular asset.

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Revising my 2016 margin loan goal

I posted recently about my proposed 2016 goals for my portfolio.  On reflection, I think I need to rewrite the first goal – about the loan that I am taking out against my portfolio.

In my article I suggested the goal about my portfolio loan was: “Continually reduce my margin loan’s Loan-To-Value (LTV) ratio“.  On reflection, I don’t think this goal works, as the market’s recent declines have illustrated.

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