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Savings and Investments thread
Comments
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7535 please1
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6767 for me please2
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Attaboy, bring some much needed pessimism to the party!oohaahmortimer said:6767 for me please
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A far from convinced 7280 from me, please Rob.
Will be interesting to see whether the traditional end of year rally can overcome the storm clouds that must surely be appearing on the horizon soon if inflation continues to rise.
And October is always good for a bit of panic and a big sell-off!
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I wouldn't worry about inflation as it's a bit of a misnomer. Inflation figures are based on a rolling 12 month period. July's figures were skewed as it contained prices from last July when we had just come out of lockdown 1 & the economy suddenly picked up.Fortune 82nd Minute said:A far from convinced 7280 from me, please Rob.
Will be interesting to see whether the traditional end of year rally can overcome the storm clouds that must surely be appearing on the horizon soon if inflation continues to rise.
And October is always good for a bit of panic and a big sell-off!
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7440 for me please1
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71001
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Just a few days to go if you haven't said yet please do so asap;
Name Level No.1 in South London 6985 @TelMc32 7080 Salad 7100 Thread Killer 7159 thecat 7175 Addick Addick 7220 cafc7-6htfc 7228 oohaahmortimer 6767 Fortune 82nd Minute 7280 Pedro45 7297 Morboe 7312 Daarrrzzettbum 7333 wwaddick 7340 PragueAddick 7350 StrikerFirmani 7355 golfaddick 7375 Bangkokaddick 7390 blackpool72 7400 RalphMilne 7415 Killer Kish 7440 Exiledin Manchester 7450 gunnessaddick 7458 Housty 7466 Hoof_it_up_to_benty 7495 CAFCWest 7501 Rob7Lee 7505 Covered End 7512 meldrew66 7535 WishIdStayedInThe Pub 7544 Gary Poole 7574 CharltonKerry 7594 holyjo 7612 IdleHans 7634 LargeAddick 7647 valleynick66 7654 MrOneLung 7654 KentAddick 7676 fat man on a moped 7681 HardyAddick 7692 Lonelynorthernaddick 7700 bobmunro 7784 Huskaris Er_Be_Ab_Pl_Wo_Wo_Ch CAFCsayer happy valley 0 -
I'll join the fun at 72551
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So just @Huskaris @Er_Be_Ab_Pl_Wo_Wo_Ch @CAFCsayer and @Happy Valley from previously, closing Saturday.2
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7596 please.1
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Typically crafty effort by Oohah - make the lowest prediction, then insert it in the middle of the table so no one notices 'til the deadline has passed!Rob7Lee said:Just a few days to go if you haven't said yet please do so asap;Name Level No.1 in South London 6985 @TelMc32 7080 Salad 7100 Thread Killer 7159 thecat 7175 Addick Addick 7220 cafc7-6htfc 7228 oohaahmortimer 6767 Fortune 82nd Minute 7280 Pedro45 7297 Morboe 7312 Daarrrzzettbum 7333 wwaddick 7340 PragueAddick 7350 StrikerFirmani 7355 golfaddick 7375 Bangkokaddick 7390 blackpool72 7400 RalphMilne 7415 Killer Kish 7440 Exiledin Manchester 7450 gunnessaddick 7458 Housty 7466 Hoof_it_up_to_benty 7495 CAFCWest 7501 Rob7Lee 7505 Covered End 7512 meldrew66 7535 WishIdStayedInThe Pub 7544 Gary Poole 7574 CharltonKerry 7594 holyjo 7612 IdleHans 7634 LargeAddick 7647 valleynick66 7654 MrOneLung 7654 KentAddick 7676 fat man on a moped 7681 HardyAddick 7692 Lonelynorthernaddick 7700 bobmunro 7784 Huskaris Er_Be_Ab_Pl_Wo_Wo_Ch CAFCsayer happy valley
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I'll come in with my standard pessimistic prediction - 6,5001
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Final numbers for year end:
Name Level No.1 in South London 6985 @TelMc32 7080 Salad 7100 Thread Killer 7159 thecat 7175 Addick Addick 7220 cafc7-6htfc 7228 oohaahmortimer 6767 Redman 7255 Fortune 82nd Minute 7280 Pedro45 7297 Morboe 7312 Daarrrzzettbum 7333 wwaddick 7340 PragueAddick 7350 StrikerFirmani 7355 golfaddick 7375 Bangkokaddick 7390 blackpool72 7400 RalphMilne 7415 Killer Kish 7440 Exiledin Manchester 7450 gunnessaddick 7458 Housty 7466 Hoof_it_up_to_benty 7495 Er_Be_Ab_Pl_Wo_Wo_Ch 6500 CAFCWest 7501 Rob7Lee 7505 Covered End 7512 meldrew66 7535 WishIdStayedInThe Pub 7544 Gary Poole 7574 CharltonKerry 7594 Huskaris 7596 holyjo 7612 IdleHans 7634 LargeAddick 7647 valleynick66 7654 MrOneLung 7654 KentAddick 7676 fat man on a moped 7681 HardyAddick 7692 Lonelynorthernaddick 7700 bobmunro 7784 0 -
£100 this month from my PBS.0
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what hot-tub do you have that you can turn on only when using? Surely it takes an age to heat up?0
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Thought I'd throw this open, as it should be of interest to a fair few older bods. Investing for income.
I'm finally selling my UK house, which means I will no longer have the rental income it provided. We are in no rush to invest in property elsewhere so I would like to re-invest the proceeds mainly in investments that generate income. While I'll be more comfortable with funds - and for this I'm expecting great advice from my newly appointed IFA
- a buddy locally who really knows his stuff financially, shared details of his share portfolio which generates decent income..some up to 8% pa.
So on the basis that *nobody is offering advice* I thought I'd share those equities he mentioned, and ask if anyone else cares to share any ideas for reliable income generating equities (or anything else).
He does well out of tobacco, which I'm not going to touch; he has shares in Philip Morris, the Altria parent, and the local Czech operation, Tabak.
He has a couple in the banking sector even though he has misgivings about banks as businesses : Citigroup and Wells Fargo
He invests in two of the actual companies whose business is funds ( I like this idea): Schroders and Jupiter
He's got IBM, typical unfashionable but rock solid tech.
And he has AT&T although he admits he's not sure if this will be a good choice.
Hopefully this is worth a general discussion, and I'll certainly be interested if any other punters have some holdings mainly for income.0 -
I've done well out of tobacco in the past (mainly BAT) but Philip Morris and especially Imperial are good recommendations.PragueAddick said:Thought I'd throw this open, as it should be of interest to a fair few older bods. Investing for income.
I'm finally selling my UK house, which means I will no longer have the rental income it provided. We are in no rush to invest in property elsewhere so I would like to re-invest the proceeds mainly in investments that generate income. While I'll be more comfortable with funds - and for this I'm expecting great advice from my newly appointed IFA - a buddy locally who really knows his stuff financially, shared details of his share portfolio which generates decent income..some up to 8% pa.
So on the basis that *nobody is offering advice* I thought I'd share those equities he mentioned, and ask if anyone else cares to share any ideas for reliable income generating equities (or anything else).
He does well out of tobacco, which I'm not going to touch; he has shares in Philip Morris, the Altria parent, and the local Czech operation, Tabak.
He has a couple in the banking sector even though he has misgivings about banks as businesses : Citigroup and Wells Fargo
He invests in two of the actual companies whose business is funds ( I like this idea): Schroders and Jupiter
He's got IBM, typical unfashionable but rock solid tech.
And he has AT&T although he admits he's not sure if this will be a good choice.
Hopefully this is worth a general discussion, and I'll certainly be interested if any other punters have some holdings mainly for income.
Others - GSK, Rio Tinto, and SSE or United Utilities. I would also add a bit of oil! - BP and/or Royal Dutch Shell.
Edit: On the funds businesses, I would add M&G.1 -
Have a look at what shares the equity income funds and the equity & bond funds are investing in. Then there are high yielding bonds. But not many shares are paying dividends atm....especially not in excess of 4%. This is why investing for income is very tricky in a low interest rate world. You could also look at the deposit/income based Structured Products, but nothing is going to give you anything above 4%. My mantra over the years is to go for growth & then take income from the capital. A balanced portfolio should return an average of 6%-8% over a 10 year period. Take 5% income from that annually & you wont go too far wrong. Or, in my pre IFA days, we would look at Distribution & With Profit funds - usually held in an Investment Bond. I'm sure your friendly IFA is looking at the Offshore versions for you 😉. Problem with individual shares is risk & tax. Much better inside a collective......PragueAddick said:Thought I'd throw this open, as it should be of interest to a fair few older bods. Investing for income.
I'm finally selling my UK house, which means I will no longer have the rental income it provided. We are in no rush to invest in property elsewhere so I would like to re-invest the proceeds mainly in investments that generate income. While I'll be more comfortable with funds - and for this I'm expecting great advice from my newly appointed IFA - a buddy locally who really knows his stuff financially, shared details of his share portfolio which generates decent income..some up to 8% pa.
So on the basis that *nobody is offering advice* I thought I'd share those equities he mentioned, and ask if anyone else cares to share any ideas for reliable income generating equities (or anything else).
He does well out of tobacco, which I'm not going to touch; he has shares in Philip Morris, the Altria parent, and the local Czech operation, Tabak.
He has a couple in the banking sector even though he has misgivings about banks as businesses : Citigroup and Wells Fargo
He invests in two of the actual companies whose business is funds ( I like this idea): Schroders and Jupiter
He's got IBM, typical unfashionable but rock solid tech.
And he has AT&T although he admits he's not sure if this will be a good choice.
Hopefully this is worth a general discussion, and I'll certainly be interested if any other punters have some holdings mainly for income.1 -
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I'm with Golfie, go for growth and my Structured products currently look healthier than 4% @golfaddick !
Can you have an ISA or do you have an equivalent in your country?
PS £25 for me on the PB's, £100 for Mrs R7Lee and that bl00dy father in law of mine wins again with 2x £25! Nothing for the kids.0 -
Nope, not enough retail investors in this country yet. But the tax regime for investments is relatively benign too. The govt issued some six year retail bonds with an interest rate of inflation plus 0.5%. I did buy some and for a while that looked like nothing more than a patriotic gesture in return for my citizenship, bit for most of this year inflation here has been running at 3%, so suddenly they look OK and I wish I'd bought more. I also have done well with a 2 year property bond recommended by my accountants, 7%, interest paid half yearly - but the borrower was sos successful that it paid back 66% of the debt at the end of the first year. Otherwise not much locally worth getting into. Prague property is experiencing the same sort of bubble that London has seen but I think that ship has already sailed and I just can't be arsed with looking after another property at this stage. There was a time when I was talking about joining with my sister in looking for a place in south-west France, but YouKnowWhat has put paid to that little dream. So boring income investment it is, then...Rob7Lee said:I'm with Golfie, go for growth and my Structured products currently look healthier than 4% @golfaddick !
Can you have an ISA or do you have an equivalent in your country?
PS £25 for me on the PB's, £100 for Mrs R7Lee and that bl00dy father in law of mine wins again with 2x £25! Nothing for the kids.
I certainly wasn't thinking of relying on equity stocks to provide the income I need - after so many years of swerving stocks that would be bizarre at this stage of my life, but I thought that a small portfolio of solid dividend payers might be worth having as part of the overall approach.1 -
Naff all PB’s wise0
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Fuck all PB’s0
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£25 after two blank months.0
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The potential problem with`Solid dividend payers' is the share price is directly linked of course, so if they go bad not only does the dividend disappear or reduce so does your capital value.PragueAddick said:
Nope, not enough retail investors in this country yet. But the tax regime for investments is relatively benign too. The govt issued some six year retail bonds with an interest rate of inflation plus 0.5%. I did buy some and for a while that looked like nothing more than a patriotic gesture in return for my citizenship, bit for most of this year inflation here has been running at 3%, so suddenly they look OK and I wish I'd bought more. I also have done well with a 2 year property bond recommended by my accountants, 7%, interest paid half yearly - but the borrower was sos successful that it paid back 66% of the debt at the end of the first year. Otherwise not much locally worth getting into. Prague property is experiencing the same sort of bubble that London has seen but I think that ship has already sailed and I just can't be arsed with looking after another property at this stage. There was a time when I was talking about joining with my sister in looking for a place in south-west France, but YouKnowWhat has put paid to that little dream. So boring income investment it is, then...Rob7Lee said:I'm with Golfie, go for growth and my Structured products currently look healthier than 4% @golfaddick !
Can you have an ISA or do you have an equivalent in your country?
PS £25 for me on the PB's, £100 for Mrs R7Lee and that bl00dy father in law of mine wins again with 2x £25! Nothing for the kids.
I certainly wasn't thinking of relying on equity stocks to provide the income I need - after so many years of swerving stocks that would be bizarre at this stage of my life, but I thought that a small portfolio of solid dividend payers might be worth having as part of the overall approach.
I'll leave mine in mostly growth funds when I start to retire/drawdown. Chasing income isn't needed if you continue to, on average, grow your overall pot by at least inflation. Remember you can't take it with you so at some point spending capital is no bad thing.2 -
2 x £25 on the Premium Bonds.
I also mentioned a while ago that I was looking at moving my DB Pension out to a drawdown and was going through the process of advice to do that. Got the OK on the 23rd June and then took a week to get the funds transferred. Handed in my “resignation with benefits” on the 30th. Still have just under 2 months of work, but the SIPP has almost made back the fee for the advice already and I am really looking forward to closing the work laptop for the last time! 😁6 -
2 x £25 for me, 1 x £25 for mrs ltgtr. 17 wins between us this year albeit just £525 in total but nice to get. I’ve had 3 blank months this year, mrs ltgtr 2 blank months. You just hope it evens up over the year, that and get a big prize one day.Bangkokaddick said:£25 after two blank months.0 -
Is he still on his hot streak of however many months?Rob7Lee said:I'm with Golfie, go for growth and my Structured products currently look healthier than 4% @golfaddick !
Can you have an ISA or do you have an equivalent in your country?
PS £25 for me on the PB's, £100 for Mrs R7Lee and that bl00dy father in law of mine wins again with 2x £25! Nothing for the kids.0 -
Surprised you aren’t seeking advice over on the Crypto threadPragueAddick said:Thought I'd throw this open, as it should be of interest to a fair few older bods. Investing for income.
I'm finally selling my UK house, which means I will no longer have the rental income it provided. We are in no rush to invest in property elsewhere so I would like to re-invest the proceeds mainly in investments that generate income. While I'll be more comfortable with funds - and for this I'm expecting great advice from my newly appointed IFA - a buddy locally who really knows his stuff financially, shared details of his share portfolio which generates decent income..some up to 8% pa.
So on the basis that *nobody is offering advice* I thought I'd share those equities he mentioned, and ask if anyone else cares to share any ideas for reliable income generating equities (or anything else).
He does well out of tobacco, which I'm not going to touch; he has shares in Philip Morris, the Altria parent, and the local Czech operation, Tabak.
He has a couple in the banking sector even though he has misgivings about banks as businesses : Citigroup and Wells Fargo
He invests in two of the actual companies whose business is funds ( I like this idea): Schroders and Jupiter
He's got IBM, typical unfashionable but rock solid tech.
And he has AT&T although he admits he's not sure if this will be a good choice.
Hopefully this is worth a general discussion, and I'll certainly be interested if any other punters have some holdings mainly for income.
Finally £25 for me this month from the PBs. Junior also got £25 but nothing for Mrs Chaz.1
