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Post by martinshrew on Dec 23, 2020 14:07:16 GMT 1
Ripple XRP is set for a huge bull run depending on the court proceedings, we shall see.
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Post by staffordshrew on Dec 23, 2020 14:15:19 GMT 1
Sadly, I didn't/don't invest in anything I don't really understand why it's a good investment. Another one of my rules, don't mix house purchase with investment, which saved me from the endowment scandel. A recent success, Premier Foods, selling good old fashioned brand names like Angel Delight and Bisto and benifiting from lockdown cookery (and a new CEO).
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lynch
Midland League Division Two
Posts: 211
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Post by lynch on Dec 23, 2020 14:37:04 GMT 1
Ripple XRP is set for a huge bull run depending on the court proceedings, we shall see. Ripple act like a central bank issuing currency for their network primarily to drive price stability. If people hold as a speculative bet then they should release more. There are concerns that they can manipulate the price and benefit or investors don’t have disclosure to know how it’s being managed. SEC argue they are releasing coin to fund their business, which would make it a security. They also allege Larsen & Garlinghouse sold $600 million personally. |
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Post by martinshrew on Dec 23, 2020 16:56:25 GMT 1
Ripple XRP is set for a huge bull run depending on the court proceedings, we shall see. Ripple act like a central bank issuing currency for their network primarily to drive price stability. If people hold as a speculative bet then they should release more. There are concerns that they can manipulate the price and benefit or investors don’t have disclosure to know how it’s being managed. SEC argue they are releasing coin to fund their business, which would make it a security. They also allege Larsen & Garlinghouse sold $600 million personally. Sure is an interesting 6-12 months coming up, at least. We'll see, if they win the case then who knows. |
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Post by PeterBroadbent on Dec 26, 2020 21:22:11 GMT 1
Cough.. cough... erm...
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Post by martinshrew on Dec 26, 2020 21:39:54 GMT 1
s**t, $26,000 for Bitcoin |
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Post by martinshrew on Jan 3, 2021 15:42:15 GMT 1
s**t, $26,000 for Bitcoin $34,000 ... Just shows how crazy it is! |
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Post by PeterBroadbent on Jan 3, 2021 15:59:19 GMT 1
I'm still in buy mode :-)
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Post by Pilch on Jan 3, 2021 16:03:06 GMT 1
I'm still in buy mode :-) there is a joke here somewhere, not sure if its allowed though |
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Post by martinshrew on Jan 3, 2021 16:18:45 GMT 1
I'm still in buy mode :-) Fair play to you. I think I'd have sold 25% of my holding over $30,000 dependant on my buy in price. |
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Post by blazey on Jan 3, 2021 18:02:01 GMT 1
Some fascinating behavioural psychology in action in this thread, you can practically see the tumbleweed between the posts when the price has crashed, then can’t move for smuggery when it hits a new high   The best investment most people will make is into a decent workplace pension, something simple and cheap that you will pay in to over the long term and not be tempted to bugger around with. There’s no need to be tinkering around with complex, volatile and potentially illiquid financial instruments that don’t pay out dividends, rent, interest etc. Enjoy your gamble on Bitcoin and please share your (selective) experiences with us here if you must, but please don’t pretend that it is really anything more than a punt! |
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Post by martinshrew on Jan 3, 2021 18:53:20 GMT 1
Some fascinating behavioural psychology in action in this thread, you can practically see the tumbleweed between the posts when the price has crashed, then can’t move for smuggery when it hits a new high The best investment most people will make is into a decent workplace pension, something simple and cheap that you will pay in to over the long term and not be tempted to bugger around with. There’s no need to be tinkering around with complex, volatile and potentially illiquid financial instruments that don’t pay out dividends, rent, interest etc. Enjoy your gamble on Bitcoin and please share your (selective) experiences with us here if you must, but please don’t pretend that it is really anything more than a punt! Not sure if anyone is suggesting it's an incredible investment? Were simply discussing it's highs and lows. I'm not actually onboard with Bitcoin, I have a few Alt Coins in my portfolio, crypto probably makes up 20% of my portfolio maximum. |
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Post by staffordshrew on Jan 3, 2021 21:17:53 GMT 1
Some fascinating behavioural psychology in action in this thread, you can practically see the tumbleweed between the posts when the price has crashed, then can’t move for smuggery when it hits a new high The best investment most people will make is into a decent workplace pension, something simple and cheap that you will pay in to over the long term and not be tempted to bugger around with. There’s no need to be tinkering around with complex, volatile and potentially illiquid financial instruments that don’t pay out dividends, rent, interest etc. Enjoy your gamble on Bitcoin and please share your (selective) experiences with us here if you must, but please don’t pretend that it is really anything more than a punt! Not so sure about the work place pension these days, with it not paying a final salary pension. Maybe something to be said for saving in it, alongside the extra "free" money from you employer, but then thinking about moving the lump sum to a private pension on retirement, then ypu can " drawdown" what you need or leave it for your kids to inherit. rather than taking what amounts to an annuity and only pays out until you die. |
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Post by zenfootball2 on Jan 3, 2021 21:46:01 GMT 1
Some fascinating behavioural psychology in action in this thread, you can practically see the tumbleweed between the posts when the price has crashed, then can’t move for smuggery when it hits a new high The best investment most people will make is into a decent workplace pension, something simple and cheap that you will pay in to over the long term and not be tempted to bugger around with. There’s no need to be tinkering around with complex, volatile and potentially illiquid financial instruments that don’t pay out dividends, rent, interest etc. Enjoy your gamble on Bitcoin and please share your (selective) experiences with us here if you must, but please don’t pretend that it is really anything more than a punt! i was travelling around the US when i was young and travelled around for abit with a man who was a professional gambler, his motto was very simple dont bet anything you cant afford to lose, he set a limit and would then walk away he had a mind like a calculator and was very good at poker. as with all things if you are there at the right time at the right place and manage to get in when the prices were low and sold when it was high, it is either luck ,good timing or you are a genius. |
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Post by blazey on Jan 3, 2021 22:29:03 GMT 1
Some fascinating behavioural psychology in action in this thread, you can practically see the tumbleweed between the posts when the price has crashed, then can’t move for smuggery when it hits a new high The best investment most people will make is into a decent workplace pension, something simple and cheap that you will pay in to over the long term and not be tempted to bugger around with. There’s no need to be tinkering around with complex, volatile and potentially illiquid financial instruments that don’t pay out dividends, rent, interest etc. Enjoy your gamble on Bitcoin and please share your (selective) experiences with us here if you must, but please don’t pretend that it is really anything more than a punt! Not so sure about the work place pension these days, with it not paying a final salary pension. Maybe something to be said for saving in it, alongside the extra "free" money from you employer, but then thinking about moving the lump sum to a private pension on retirement, then ypu can " drawdown" what you need or leave it for your kids to inherit. rather than taking what amounts to an annuity and only pays out until you die. I do agree to a large extent. The Tory/Coalition governments pension reforms of the day risk creating a worst of all worlds, where auto enrolment schemes create an abysmal minimum standard pension which lulls many people into thinking they are doing enough to save for when they can’t/don’t want to work any more, and when they see what a pitiful pot they have accrued after a lifetime of work, they then feel compelled to gamble it on whatever fashionable get rich quick schemes of the day is, such as Christmas Tree plantations, fine art, whisky barrels or err... Crypocurrency, which is of course now entirely permissible under the “freedom” not to have to buy an annuity! Having said that, given many will struggle to create an adequate pension pot, it would seem a rather rash decision for most people to forego the employers contribution and tax relief, which combined actually give a reasonable instant, risk-free return on your contributions.... |
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Post by lenny on Jan 3, 2021 22:47:11 GMT 1
Not so sure about the work place pension these days, with it not paying a final salary pension. Maybe something to be said for saving in it, alongside the extra "free" money from you employer, but then thinking about moving the lump sum to a private pension on retirement, then ypu can " drawdown" what you need or leave it for your kids to inherit. rather than taking what amounts to an annuity and only pays out until you die. I do agree to a large extent. The Tory/Coalition governments pension reforms of the day risk creating a worst of all worlds, where auto enrolment schemes create an abysmal minimum standard pension which lulls many people into thinking they are doing enough to save for when they can’t/don’t want to work any more, and when they see what a pitiful pot they have accrued after a lifetime of work, they then feel compelled to gamble it on whatever fashionable get rich quick schemes of the day is, such as Christmas Tree plantations, fine art, whisky barrels or err... Crypocurrency, which is of course now entirely permissible under the “freedom” not to have to buy an annuity! Having said that, given many will struggle to create an adequate pension pot, it would seem a rather rash decision for most people to forego the employers contribution and tax relief, which combined actually give a reasonable instant, risk-free return on your contributions.... Absolutely, the 32%+ relief you get on contributions means a pension should be everyone's first port of call for long-term savings unless you're fortunate enough to be maxing out your allowance. The final salary pension would be nice of course, but if you have all your pension in a global equity tracker you should be able to take 5% a year out while keeping the pot up with inflation if we see a 7% return and 2% inflation (quite feasible assumptions over the long term). One quite reasonable suggestion re: staffordshrew's point on the somewhat miserable annuity offerings is taking some of the pot and buying an annuity to kick in when you're, say, 75 which juices up the rates a bit. I take issue with all the default schemes often being these balanced/mixed asset funds too - given the time horizon and pound-cost averaging effects of pensions, default should just be 100% in global equities. There's a good article here: www.thisismoney.co.uk/money/pensions/article-7698557/What-default-pension-fund-diversify.html which highlights the importance of increasing returns by a seemingly small about - with a 10+ year time horizon, the best way to do that is to have more money in equities and less in bonds yielding less than 1%. |
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Post by blazey on Jan 3, 2021 22:51:41 GMT 1
Some fascinating behavioural psychology in action in this thread, you can practically see the tumbleweed between the posts when the price has crashed, then can’t move for smuggery when it hits a new high The best investment most people will make is into a decent workplace pension, something simple and cheap that you will pay in to over the long term and not be tempted to bugger around with. There’s no need to be tinkering around with complex, volatile and potentially illiquid financial instruments that don’t pay out dividends, rent, interest etc. Enjoy your gamble on Bitcoin and please share your (selective) experiences with us here if you must, but please don’t pretend that it is really anything more than a punt! i was travelling around the US when i was young and travelled around for abit with a man who was a professional gambler, his motto was very simple dont bet anything you cant afford to lose, he set a limit and would then walk away he had a mind like a calculator and was very good at poker. as with all things if you are there at the right time at the right place and manage to get in when the prices were low and sold when it was high, it is either luck ,good timing or you are a genius. Don’t bet what you can’t lose is a good motto.... I can’t afford to lose a penny, hence I’m staying away from Cryptocurrency |
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Post by Pilch on Jan 3, 2021 22:58:08 GMT 1
i bet on 13 corners in the wolves game yesterday
there were 13 corners, yeah
i then find out one didnt count as the half time whistle blew before it was taken, doh
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Post by Feedo Gnasher on Jan 3, 2021 23:03:28 GMT 1
i bet on 13 corners in the wolves game yesterday there were 13 corners, yeah i then find out one didnt count as the half time whistle blew before it was taken, doh Unlucky 13 😂😂 |
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Post by Pilch on Jan 3, 2021 23:10:16 GMT 1
i bet on 13 corners in the wolves game yesterday there were 13 corners, yeah i then find out one didnt count as the half time whistle blew before it was taken, doh Unlucky 13 😂😂 it was annoying as the site i checked counted the corner (still does) i thought i'd won lol  |
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Post by staffordshrew on Jan 3, 2021 23:12:19 GMT 1
i bet on 13 corners in the wolves game yesterday there were 13 corners, yeah i then find out one didnt count as the half time whistle blew before it was taken, doh That mf ref owes u big time. |
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Post by staffordshrew on Jan 3, 2021 23:19:16 GMT 1
I do agree to a large extent. The Tory/Coalition governments pension reforms of the day risk creating a worst of all worlds, where auto enrolment schemes create an abysmal minimum standard pension which lulls many people into thinking they are doing enough to save for when they can’t/don’t want to work any more, and when they see what a pitiful pot they have accrued after a lifetime of work, they then feel compelled to gamble it on whatever fashionable get rich quick schemes of the day is, such as Christmas Tree plantations, fine art, whisky barrels or err... Crypocurrency, which is of course now entirely permissible under the “freedom” not to have to buy an annuity! Having said that, given many will struggle to create an adequate pension pot, it would seem a rather rash decision for most people to forego the employers contribution and tax relief, which combined actually give a reasonable instant, risk-free return on your contributions.... Absolutely, the 32%+ relief you get on contributions means a pension should be everyone's first port of call for long-term savings unless you're fortunate enough to be maxing out your allowance. The final salary pension would be nice of course, but if you have all your pension in a global equity tracker you should be able to take 5% a year out while keeping the pot up with inflation if we see a 7% return and 2% inflation (quite feasible assumptions over the long term). One quite reasonable suggestion re: staffordshrew's point on the somewhat miserable annuity offerings is taking some of the pot and buying an annuity to kick in when you're, say, 75 which juices up the rates a bit. I take issue with all the default schemes often being these balanced/mixed asset funds too - given the time horizon and pound-cost averaging effects of pensions, default should just be 100% in global equities. There's a good article here: www.thisismoney.co.uk/money/pensions/article-7698557/What-default-pension-fund-diversify.html which highlights the importance of increasing returns by a seemingly small about - with a 10+ year time horizon, the best way to do that is to have more money in equities and less in bonds yielding less than 1%. To clarify, definately save in the works pension fund, at least up to the limit which the employer matches. in my case 7%. But, consider your options when you retire and don't just take the defauly lifetime pension until you now what else you could do with the lump sum accumulated. It used to be easy if you got an indexed linked final salary based pension, but those days have gone. |
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Post by PeterBroadbent on Jan 4, 2021 0:31:54 GMT 1
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Post by bictonshrew on Jan 4, 2021 13:30:36 GMT 1
Some fascinating behavioural psychology in action in this thread, you can practically see the tumbleweed between the posts when the price has crashed, then can’t move for smuggery when it hits a new high The best investment most people will make is into a decent workplace pension, something simple and cheap that you will pay in to over the long term and not be tempted to bugger around with. There’s no need to be tinkering around with complex, volatile and potentially illiquid financial instruments that don’t pay out dividends, rent, interest etc. Enjoy your gamble on Bitcoin and please share your (selective) experiences with us here if you must, but please don’t pretend that it is really anything more than a punt! Not so sure about the work place pension these days, with it not paying a final salary pension. Maybe something to be said for saving in it, alongside the extra "free" money from you employer, but then thinking about moving the lump sum to a private pension on retirement, then ypu can " drawdown" what you need or leave it for your kids to inherit. rather than taking what amounts to an annuity and only pays out until you die. The workplace pension scheme IS a personal pension. It is just grouped with fellow employees. The money in it will always be the employees and remains theirs should they change jobs. You've not needed to take an annuity from new schemes since 2015 so also no need to change schemes on retirement/partial retirement. |
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Post by staffordshrew on Jan 4, 2021 13:41:35 GMT 1
Not so sure about the work place pension these days, with it not paying a final salary pension. Maybe something to be said for saving in it, alongside the extra "free" money from you employer, but then thinking about moving the lump sum to a private pension on retirement, then ypu can " drawdown" what you need or leave it for your kids to inherit. rather than taking what amounts to an annuity and only pays out until you die. The workplace pension scheme IS a personal pension. It is just grouped with fellow employees. The money in it will always be the employees and remains theirs should they change jobs. You've not needed to take an annuity from new schemes since 2015 so also no need to change schemes on retirement/partial retirement. Ok, the only thing to watch out for then is that you don't just take the default pension for the rest of your life annuity option unless you know it's right for you and that the drawdown options don't make more sense.
You can perhaps tell I don't like annuities and, I think, the pension administrators do, I wonder why?
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Post by bictonshrew on Jan 4, 2021 14:12:24 GMT 1
The workplace pension scheme IS a personal pension. It is just grouped with fellow employees. The money in it will always be the employees and remains theirs should they change jobs. You've not needed to take an annuity from new schemes since 2015 so also no need to change schemes on retirement/partial retirement. Ok, the only thing to watch out for then is that you don't just take the default pansion for the rest of your life annuity option unless you know it's right for you and that the drawdown options don't make more sense.
You can perhaps tell I don't like annuities and, I think, the pension administrators do, I wonder why?
I agree with you. Annuities tend to offer poor value in monetary terms and the death benefits are also a lot worse than the drawdown option. |
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Post by martinshrew on Jan 5, 2021 11:45:50 GMT 1
Interested in all your thoughts on savings/pensions/stocks ... I do the workplace pension to the maximum matched by my employer.
I've recently started a Stocks & Shares ISA buying the Bailie Gifford American B Fund. What are your thoughts on strong dividend stocks? I see some paying a good 6-7%.
I'm under 30 and really trying to have a diverse portfolio of investments as I don't trust the state is going to be much help to me come 65/70.
Be interested in your thoughts.
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Post by bictonshrew on Jan 5, 2021 18:44:49 GMT 1
Regular investing would be my recommendation & you seem to be doing that already. You have time on your side so a nice pot should build up over time.
Diversity too so maybe not just the one fund in your ISA.
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Post by lenny on Jan 5, 2021 19:26:59 GMT 1
Interested in all your thoughts on savings/pensions/stocks ... I do the workplace pension to the maximum matched by my employer. I've recently started a Stocks & Shares ISA buying the Bailie Gifford American B Fund. What are your thoughts on strong dividend stocks? I see some paying a good 6-7%. I'm under 30 and really trying to have a diverse portfolio of investments as I don't trust the state is going to be much help to me come 65/70. Be interested in your thoughts. I'd be very wary of just using dividends as a guide as to what to buy - a yield that high means most of the market think there's something wrong (i.e. it might be unsustainable) and within an ISA, there's no benefit to dividends over capital growth. For example, it would rule out buying Apple who plough all their excess capital into share buybacks (very common in the US), thus inflating the price. Given you have a long-term approach, I'd be inclined to go more down the route of some small positions in slightly racier stuff around a core of a global equity tracker (availability of different ones will vary depending on what platform you use). My personal preference is to hold funds rather than individual stocks - partly down to the costs of trading individual stocks, and partly the faff of work compliance. A few funds that I have which are more risky, but then hopefully pay off with long-term returns are Baillie Gifford Global Discovery, JP Morgan China A Shares and Schroder Global Energy Transition - various themes which are appealing (BG American fits quite well in this bucket). They've all done well in the last year but still over 10+ years should offer potential. I'd also look at some listed private equity funds - Draper Esprit, Harbourvest etc - which again can offer good potential for long term investors. The most important thing though is I think having that core in a passive fund - you don't need to worry about the manager changing or style going out of favour, and most actively managed funds have underperformed. And, as you point out, it adds that key diversification! |
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Post by blazey on Jan 5, 2021 22:15:01 GMT 1
Interested in all your thoughts on savings/pensions/stocks ... I do the workplace pension to the maximum matched by my employer. I've recently started a Stocks & Shares ISA buying the Bailie Gifford American B Fund. What are your thoughts on strong dividend stocks? I see some paying a good 6-7%. I'm under 30 and really trying to have a diverse portfolio of investments as I don't trust the state is going to be much help to me come 65/70. Be interested in your thoughts. I have no comment to give on your selection of investments but have you considered holding them in a more advantageous tax wrapper? You can claim additional tax relief and select your own investments by opening a SIPP to run alongside your workplace pension which you can manage yourself. Or similarly a Lifetime ISA for a 25% bonus on annual contributions up to £4000 (accessible without penalty at 60). If your objective is to save for retirement it seems daft to forego any “free” money that is on offer first and foremost. |
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