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Whippet
04 Jul 12 23:49
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Date Joined: 01 Oct 07
| Topic/replies: 6,350 | Blogger: Whippet's blog
Menelaus
Date Joined:     03 Feb 05
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30 Jun 11 14:03 Joined: 03 Feb 05 | Topic/replies: 2,102 | Blogger: Menelaus's blog
Off topic but I think relevant to the discussion.

At the height of the financial crisis (fall 2008) I decided to convert my most liquid asset (that's money for the not so financial matters inclined) into property. I understood the BoE's efforts to prop up zombie UK banks would end up debasing the pound through QE. As a result, I bought a second home in the Loire, about 10 minutes from Amboise. It was something we had been thinking about for a while and I thought, given the circumstances, the time had come. We ended with a modest three bdrm place but it offered everything we were looking for, a pool for the hot summers and some great bike trails nearby for my two young daughters to enjoy.

You may or may not know this but France is considered "off-shore" for UK residents. Since I found myself spending more time in France than usual, and conducting business in my trips over there, I requested that part of my salary be paid in euros and transferred directly into a Paribas account, commensurate with the time I was spending conducting business over there. My firm obliged.



Francois Hollande announces French tax grab on holiday homes
British owners of holiday homes in France are to be hit with punitive tax rises under plans announced by the new Socialist government.


http://www.telegraph.co.uk/news/worldnews/europe/france/9377307/Francois-Hollande-announces-French-tax-grab-on-holiday-homes.html



Of course, the brilliant trader that he is, he will have claim to have sold out on 31st December 2011, despite never posting about it on the forum. LaughLaughLaugh
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Report Eeternaloptimist July 5, 2012 1:03 AM BST
Poor Melly. If he fell in a barrel of mammaries he would come up sucking his thumb. He is the reverse midas man. Everything he touches turns to shiit. I notice he couldn't help doing a bit of bragging though. I don't know if there is anybody with a creative writing streak on here but there would be a brilliant series to be made out of this pompous oaf.
Report polybot July 5, 2012 1:03 AM BST
my guess is that Francois Hollande will give melly an exemption, they were close childhood friends and later melly once saved the life of Hollande when they were both on a super secret psy-ops spy mission many years later. Rolf Harris wrote a famous account of it.
Report Eeternaloptimist July 5, 2012 1:04 AM BST
For those of a certain age he puts me in mind of that character Leonard Rossiter used to play in the Cinzano adverts many years ago.
Report Eeternaloptimist July 5, 2012 1:13 AM BST
And as if by magic for those too young to remember here it is:

http://www.youtube.com/watch?v=PirMZGL-0mQ

So Melly it is uncanny.
Report polybot July 5, 2012 1:21 AM BST
poor soul, and the Hamlet cigar photobooth ad nicely sums up his unfortunate luck when it comes to timing.
Report Eeternaloptimist July 5, 2012 1:25 AM BST
My thoughts exactly. LaughLaughLaughLaughLaugh Good job we can laugh. He certainly won't or isn't capable.
Report Mrben July 5, 2012 3:32 AM BST
This is my all time favourite post of mellys.

It encapsulates all that he is.A total delusionist loser.


"At the height of the financial crisis (fall 2008) I decided to convert my most liquid asset (that's money for the not so financial matters inclined) into property."

This is a beauty.Trying to appear smart by selling out, melly admits to selling at the absolute bottom of the market.Yet he continues to advise the 3 billion dollar man seth klarman. I wonder if he advised seth  to sell at the same time?ConfusedConfusedConfusedConfusedConfusedConfusedConfusedConfused

The fantasy

As a result, I bought a second home in the Loire, about 10 minutes from Amboise. It was something we had been thinking about for a while and I thought, given the circumstances, the time had come. We ended with a modest three bdrm place but it offered everything we were looking for, a pool for the hot summers and some great bike trails nearby for my two young daughters

this is just classic melly, the life he would like to lead no doubt.WhoopsWhoopsWhoops

My firm obliged.

I was not aware welfare  agencies were referred to as "my firm" in the UKConfused


poor melly- the egg is never far from his faceDevilDevilDevilDevilDevilDevilLaugh
Report Eeternaloptimist July 5, 2012 12:11 PM BST
I was not aware welfare agencies were referred to as "my firm" in the UK

LaughLaughLaughLaughLaughLaughLaughLaughLaughLaughLaughLaughLaughLaughLaughLaughLaughLaugh

Clearly years of familiarity breeds a certain rapport between leech and host.
Report Menelaus July 5, 2012 12:36 PM BST
The benny the clown halfwit cartel in a circle jerk of orgasmic rapture.

What a broke chap like you who trades buttons on IG Index while living on his knees can't understand is that some of us have meaningful lives. We have families that we care for and make sure their totally get to enjoy our success.

Buying the property in France was never a "trade" as a social parasite like you would conclude, it was for pleasure. Because the property may have been bought with a lot of fiat they pay me around here, but the smile on my daughters face when they return from enjoying the bike trails around the place is ....priceless.

Would you feckers ever do if your mom kicked you out of the house?
Report Menelaus July 5, 2012 12:40 PM BST
they, not their


I thought I'd correct that before the clown from the politics forum who used to post once a year but now I got him to post several times a day throws a fit......again. In case anyone is still confused, the all fluff and substance guy, yes, yes, that moron.
Report Menelaus July 5, 2012 12:41 PM BST
no

I'm pressed for time today Laugh
Report Eeternaloptimist July 5, 2012 4:26 PM BST
Move them feet sucker.
Report Menelaus July 5, 2012 4:41 PM BST
You could tell I was talking about you, eh?

I'll be more discreet next time.
Report Eeternaloptimist July 5, 2012 5:52 PM BST
I said dance. Now DANCE.
Report Whippet July 5, 2012 6:45 PM BST
Menelaus
Date Joined:     03 Feb 05
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05 Jul 12 12:36 Joined: 03 Feb 05 | Topic/replies: 2,120 | Blogger: Menelaus's blog

Buying the property in France was never a "trade" as a social parasite like you would conclude, it was for pleasure. Because the property may have been bought with a lot of fiat they pay me around here, but the smile on my daughters face when they return from enjoying the bike trails around the place is ....priceless.



How much does it cost to rent a nice holiday home for a couple of weeks? a few thousand euro at most?

You are a liar if you are going to claim you bought this as anything other than an investment.
Report Eeternaloptimist July 5, 2012 7:06 PM BST
Bbbbbbbbbbbbbut the price has gone down. His world view of himself as an intellectual titan riding the tsunami would be shattered if he got it wrong. How could he look himself in the mirror? Far better to fantasise.
Report Menelaus July 5, 2012 7:36 PM BST
For a couple of weeks???? Hilarious.

Just because your mom just gives you enough money to back-pack for a couple of weeks once a year, you assure *everyone* must be the same.

My family spends months at a time across the channel you halfwit. Not to mention, my wife has remodeled the property entirely to our liking. Some people enjoy the luxuries of life my halfwit friend. Others dream about it from their mother's attic.

I know in which group you belong in.
Report Eeternaloptimist July 5, 2012 7:43 PM BST
How do you remodel a cardboard box?
Report Menelaus July 5, 2012 7:46 PM BST
Why are you so angry?
Report Eeternaloptimist July 5, 2012 10:41 PM BST
Angry? LaughLaughLaughLaughLaughLaughLaugh I haven't had this much fun bursting someones inflated ego in ages.
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