You all have valid points, but lets go forward in time. U are 72, on pension, made some minor mistakes in life, i.e bought ABL when you were 32. Your Pension is ok, but does not shoot the lights out. Now you get a pension income that is average for living, Bob is the same. But you are renting and Bob's house is paid.
I always tell my fellow youngsters, buy your first property when you young, even if very small, a 2 bedroom flat or a fish pond. Then sell and use to go bigger, until you have the house where you wanna take your last breath.
Glencore is currently busy with a share buyback scheme : -
Release Date: 11/03/2015 09:00:00 Code(s): GLN [Email this JSE Sens Item to a Friend] [Printer Friendly Version]
Share repurchase
GLENCORE PLC (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN HKSE Share Code: 805HK ISIN: JE00B4T3BW64
Baar, Switzerland 11th March, 2015
Transaction in Own Shares
Glencore plc (“Glencore”) announces that it has purchased the following number of its ordinary shares of US$0.01 each on the London Stock Exchange as part of the share repurchase programme announced on 20th August 2014:
Date of purchase: 10 March 2015 Number of ordinary shares purchased: 2,000,000 Highest price paid per share: 293.20p Lowest price paid per share: 287.15p The purchased shares will be held as treasury shares.
Following the above transaction, Glencore holds a total of 195,459,158 of its ordinary shares in treasury and has 13,082,946,308 ordinary shares in issue (excluding treasury shares).