Tuesday, 22 November 2022
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Fellow blues - Okay so maybe a football forum isn't the obvious place to seek financial advice but thought i would give it a go anyway.
So the current situation is i have around 300-500 quid a month to save, this may not last for long so i don't want to tie up any money and would like to ensure its accessible if and when required. I pay into a pension, have equity in my property and have a decent amount saved in Premium Bonds so in my mind that's my safety net sorted. I have set up an online trading account to pay into a stocks and shares ISA but this is where i am getting a bit out of my depth, Bearing in mind the economic forecast for the next few years does anyone have a strategy they would like to share?
5 days ago
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#320091
I would be careful with mict. They run the insurance platform that allows Western companies to insure Russian oil shipments through Hong-Kong. Lloyd's has issued a warning about them.

Why not just buy s&p 500 index trackers? Britain is due to go further into recession, at least you'll get the currency gain if the pound falls against the dollar. Fees are effectively nothing if you buy through vanguard. Or buy gold, as the Western economies decline tangibles will become more attractive.


I had a change of strategy I sold my S&P tracker it’s done wonderful well over the last 10 years I’ve invested back in UK I am looking for higher dividends now I bought I iShares UK Dividend UCITS ETF) it was paying 7% in dividends and was cheap about 6 weeks ago I think the pound has bottomed out against the dollar Most of the large UK companies make the majority of their profits internationally
5 days ago
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#320093
You will be paying tax Taffy/hope it makes you feel good!

My MICT had another good day-despite Marko
5 days ago
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#320096
You will be paying tax Taffy/hope it makes you feel good!

My MICT had another good day-despite Marko


SIPP,ISAs and premium bonds mind you not happy about £12570 not been indexed for 5 years !!!!
5 days ago
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#320102
Stick it in a tin under the bed. Free from the vagaries of city [censored] and Governments.
5 days ago
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#320103
Stick it in a tin under the bed. Free from the vagaries of city [censored] and Governments.


Rather silly

If you had put £1000 under the bed in 1992 you would still have £1000

If you had invested the £1000 on the S&P you would have £16,000 if you had in a tax rapper (PEP at the time) tax free

If you had put £100 per month along with your £1000 till now you would have £300,000

The same £100 per month under the bed £36,000
5 days ago
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#320104
Speaking of putting away per Month, recommendations for Mid to Long Term (Talking 20yrs) investment appreciated…
4 days ago
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#320106
Speaking of putting away per Month, recommendations for Mid to Long Term (Talking 20yrs) investment appreciated…


A Global tracker off Vanguard you won’t go far wrong !! drip feed in monthly in and let compound interest work make sure it’s in an ISA then no tax to pay. And don’t look at it too often.

Have a look at this one

Vanguard FTSE Global All Cap Index Fund
4 days ago
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#320108
Big contract win at SCE announced today-£100m plus
4 days ago
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#320109
Will have a look Taffy, Cheers!
4 days ago
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#320119
SCE-screaming buy guys.It looks like General Motors reading the RNS.Fantastic verification of the product if it is
4 days ago
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#320144
Stick it in a tin under the bed. Free from the vagaries of city [censored] and Governments.


Rather silly

If you had put £1000 under the bed in 1992 you would still have £1000

If you had invested the £1000 on the S&P you would have £16,000 if you had in a tax rapper (PEP at the time) tax free

If you had put £100 per month along with your £1000 till now you would have £300,000

The same £100 per month under the bed £36,000


How very capitalist.
4 days ago
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#320146
Stick it in a tin under the bed. Free from the vagaries of city [censored] and Governments.


Rather silly

If you had put £1000 under the bed in 1992 you would still have £1000

If you had invested the £1000 on the S&P you would have £16,000 if you had in a tax rapper (PEP at the time) tax free

If you had put £100 per month along with your £1000 till now you would have £300,000

The same £100 per month under the bed £36,000


How very capitalist.


Nothing wrong with Capitalism as long as they pay their fair share of tax to help society
4 days ago
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#320150
What’s fair Taffy?Give me a rate.
4 days ago
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#320158
What’s fair Taffy?Give me a rate.


Restore the 50% tax band

Full National Insurance contributions (12%) not tapered to 2% at the higher rate

scrap 40% tax relief on pensions

Obviously non doms

That’s a start
4 days ago
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#320162
So I need to work for from 1 January to middle of August each year for nothing?Sounds like a plan 😩

Non doms-agreed.

Pensions-not agreed.The cap on pension pots is less than many in the public sector!
3 days ago
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#320193
So I need to work for from 1 January to middle of August each year for nothing?Sounds like a plan 😩

Non doms-agreed.

Pensions-not agreed.The cap on pension pots is less than many in the public sector!


You would be working for you fellow citizens that would be very good for your soul 🤣🤣🤣
3 days ago
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#320204
Sorry but I’m not working to keep 5m on work related sickness benefit.I would rather give it to charities where there is real need.Do you seriously think there are 5m out there who are genuinely sick?

It’s too easy to opt out of work nowadays-it shouldn’t be optional or gaps filled by cheap foreign labour which is frankly immoral
3 days ago
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#320219
Sorry but I’m not working to keep 5m on work related sickness benefit.I would rather give it to charities where there is real need.Do you seriously think there are 5m out there who are genuinely sick?

It’s too easy to opt out of work nowadays-it shouldn’t be optional or gaps filled by cheap foreign labour which is frankly immoral


If the tax system worked better

I would lift the lower tax band and NI to the level of the minimum wage

As for your 5 million Hospital waiting lists are at a record high You need a well funded health service to have a healthy and fit workforce You will never get that with a tory government

Tory mantra “The price of everything the value of nothing “
3 days ago
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#320229
Sorry but you never hear any party saying let’s put more money in the NHS-the word now is ‘restructure’ as most people think it’s a shambles and out of control.

I’m afraid the benefit rules are so lax on work now that work is optional.

I ask the question again;’ do you really think there are 5m people of a working age in this country who are incapacitated?’I dont-the vast majority are most likely malingerers and lazy [censored] who would rather someone else did the work.
Laffy. I know you're close to Crispin Odey. Any news coming out of Tristar at the moment ?
7 hours ago
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#320469
Sorry but I’m not working to keep 5m on work related sickness benefit.I would rather give it to charities where there is real need.Do you seriously think there are 5m out there who are genuinely sick?

It’s too easy to opt out of work nowadays-it shouldn’t be optional or gaps filled by cheap foreign labour which is frankly immoral


I agree with you in that they are malingerers but the one size fits all statement is doing harm to those that can’t work due to disability or illness.

I work and get disability payment. I’ve said before I need to work for my Mental health and the disability payment helps cover additional costs which in reality the disability payment doesn’t cover really. I manage though.

There’s days I really really struggle. Bits of my body stop working or my eyes aren’t right but got to work. I suppose it’s how you’ve been brought up.

However some people are just incapable of working and sadly it’s these genuine people that governments go for and don’t necessarily provide for. Shouldn’t be charities responsibility really.
Sorry but you never hear any party saying let’s put more money in the NHS-the word now is ‘restructure’ as most people think it’s a shambles and out of control.

I’m afraid the benefit rules are so lax on work now that work is optional.

I ask the question again;’ do you really think there are 5m people of a working age in this country who are incapacitated?’I dont-the vast majority are most likely malingerers and lazy [censored] who would rather someone else did the work.


Where is that 5m figure from? I’m reading 1.5m from the ONS, though I’m probably missing something.

https://www.ons.gov.uk/employmentandlabourmarket/peoplenotinwork/outofworkbenefits
3 hours ago
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#320482
I will dig it out-Labour agree the number too

I’m in Tristar too-got most of it out before it delisted.I will ask him and revert
58 minutes ago
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#320499


Looks to me like the ONS link I posted doesn’t take account of the Universal Credit figures? That would account for the bulk of the discrepancy.

If that 5 million figure is indeed accurate, we have a huge problem.
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