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Savings and Investments thread
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This is a conversation my wife and I have had recently. Unlikely from an age and family perspective but not impossible.bobmunro said:
I think we are now too old for that, but if we were around your age then we would likely do the same.Rob7Lee said:
Markets are very different to individuals. Markets would drop (UK) if there was fear of a large ish corp tax increase, but not income tax.Huskaris said:On another note, interesting how concerned many of us seem to be about the tax rises (with good reason) but markets seem confident, FTSE at all time highs etc.
US government shutdown potentially lifting surging the FTSE, pre leaking tax rises having minimal impact from what I can see. I'm guessing it's more a bond market thing?
Ill see what this month brings, but can only see it hastening my retirement and ultimately the likelihood of leaving the UK as my permanent home.1 -
It would only ever be possible to change it for new employees and so the savings would only accrue in the future. A good example of the trouble with democracies/political parties - they won't make decisions that benefit the country in the long-term but cost significant political capital in the short term.golfaddick said:
Probably the biggest is the NHS Pension. I know a lot about this having dealt with GP's & Hospital Consultants for 25 years.robinofottershaw said:
The other elephant in the room is public sector pensions. I believe that aside from certain local council pensions, this is unfunded and not reflected in Public Sector Net Debt, which is often the debt number quoted as a percentage of GDP.Carter said:She, and by she I really mean the current government have to finally be the ones who make 2 unpopular decisions. 1 around the triple lock on pensions, that is going to go pop one way or the other and Labour and Starmer can't get much more unpopular so do it now, pensioners don't vote for them anyway and the way they keep moving the goalposts with the state pension hardly anyone in their 30s and even 40s who is paying for that now won't get a state pension to speak of anyway.
And the welfare state needs to be gripped. The rate at which that is going up it will take the country down one way or the other
She could incentivise people to help grow the UK economy by bringing in a big UK-company only ISA or something along those lines but she won't
In an ideal world the whole tax system will get simplified and a load of loopholes removed but that won't happen either.
Or Legalise cannabis and let a new industry absolutely rocket and grow the economy and generate revenue to pay for care and mental health services but that won't happen either
No government will dare address this, but each year the country is accruing billions of pounds of additional pension liabilities (i.e. debt) with no funding ring-fenced to pay for it. The last number I saw for this was £1,400 billion which i don’t think is reflected in Rachel’s “black hole” calculations.
As we know, the majority of remaining private sector DB schemes are no longer open to new members, because many companies found it difficult to fund and given pension legislation requiring schemes to have sufficient and appropriate assets to cover their assessed (i.e. actuarial) liabilities.
Whilst the argument has always been that retaining public sector DB pensions is a key component to help balance overall compensation relative to the private sector, it’s just another example of where something needs to be done address our country’s finances. I don’t see any of our politicians, regardless of their party, being able to get to grips with all these issues.
If the scheme was changed to a DC scheme then billions would be saved. Will never happen but should imo.0 -
I don't agree on the specific issue being discussed but agree around the Short-termism of our form of government. There are so many examples in my area of focus (Health and prevention) where there are huge huge saving to be made in avoiding future health costs with early interventions for children and loads of places where this has worked but governments haven't gone for it as the benefits accrue over 50+ years of a child's life. Therefore storing up future costs for the NHS that are avoidable.Jints said:
It would only ever be possible to change it for new employees and so the savings would only accrue in the future. A good example of the trouble with democracies/political parties - they won't make decisions that benefit the country in the long-term but cost significant political capital in the short term.golfaddick said:
Probably the biggest is the NHS Pension. I know a lot about this having dealt with GP's & Hospital Consultants for 25 years.robinofottershaw said:
The other elephant in the room is public sector pensions. I believe that aside from certain local council pensions, this is unfunded and not reflected in Public Sector Net Debt, which is often the debt number quoted as a percentage of GDP.Carter said:She, and by she I really mean the current government have to finally be the ones who make 2 unpopular decisions. 1 around the triple lock on pensions, that is going to go pop one way or the other and Labour and Starmer can't get much more unpopular so do it now, pensioners don't vote for them anyway and the way they keep moving the goalposts with the state pension hardly anyone in their 30s and even 40s who is paying for that now won't get a state pension to speak of anyway.
And the welfare state needs to be gripped. The rate at which that is going up it will take the country down one way or the other
She could incentivise people to help grow the UK economy by bringing in a big UK-company only ISA or something along those lines but she won't
In an ideal world the whole tax system will get simplified and a load of loopholes removed but that won't happen either.
Or Legalise cannabis and let a new industry absolutely rocket and grow the economy and generate revenue to pay for care and mental health services but that won't happen either
No government will dare address this, but each year the country is accruing billions of pounds of additional pension liabilities (i.e. debt) with no funding ring-fenced to pay for it. The last number I saw for this was £1,400 billion which i don’t think is reflected in Rachel’s “black hole” calculations.
As we know, the majority of remaining private sector DB schemes are no longer open to new members, because many companies found it difficult to fund and given pension legislation requiring schemes to have sufficient and appropriate assets to cover their assessed (i.e. actuarial) liabilities.
Whilst the argument has always been that retaining public sector DB pensions is a key component to help balance overall compensation relative to the private sector, it’s just another example of where something needs to be done address our country’s finances. I don’t see any of our politicians, regardless of their party, being able to get to grips with all these issues.
If the scheme was changed to a DC scheme then billions would be saved. Will never happen but should imo.
For me the solution is a more proportional representation system (but maybe not pure PR) maybe something like the system the Welsh are currently implementing. This would mean more coalition governments as is common in European democracies which has the downside of it being slower to get things done but it forces more cross party working and more consensus to be found which leads to longer term thinking.0 -
On pensions you could argue the same for the state pension. There is no pot this money comes from, other than the current years tax receipts.2
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There are very few around nowadays. If you find one then probably best just to use them as I doubt there will be many others to which to compare with.ecclesaddick said:Can anybody recomnend a reliable Bank to deposit Trust Fund monies with
Out of curiosity, how much are you looking to deposit, who for & for how long. Ime most monies placed under a Trust are done via an investment.0 -
FTSE looking like closing at over 9,900 tonightRob7Lee said:It's been a while, 3 months to go:FTSE100 Level 9,284.83 Name Level Variance % Variance Hornchurch 9275 9.83 0.11% meldrew66 9301 16.17 0.17% Housty 9254 30.83 0.33% blackpool72 9245 39.83 0.43% TheGhostofTomHovi 9236 48.83 0.53% WHAddick 9335 50.17 0.54% CharltonKerry 9234 50.83 0.55% Covered End 9220 64.83 0.70% Carter 9212 72.83 0.78% StrikerFirmani 9365 80.17 0.86% Jamescafc 9200 84.83 0.91% Addickinedi 9176 108.83 1.17% cafcpolo 9395 110.17 1.19% Diebythesword 9400 115.17 1.24% RalphMilne 9168 116.83 1.26% valleynick66 9165 119.83 1.29% guinnessaddick 9152 132.83 1.43% Addick Addict 9424 139.17 1.50% thecat 9136 148.83 1.60% IdleHans 9434 149.17 1.61% @TelMc32 9450 165.17 1.78% fat man on a moped 9116 168.83 1.82% wwaddick 9104 180.83 1.95% golfaddick 9101 183.83 1.98% WishIdStayedInThe Pub 9101 183.83 1.98% Jon_CAFC_ 9088 196.83 2.12% BalladMan 9058 226.83 2.44% Arsenetatters 9525 240.17 2.59% Huskaris 9025 259.83 2.80% Solidgone 9021 263.83 2.84% Rob7Lee 9000 284.83 3.07% Bangkokaddick 8998 286.83 3.09% Pedro45 8925 359.83 3.88% Friend or Defoe 9657 372.17 4.01% LargeAddick 8884 400.83 4.32% Redman 8876 408.83 4.40% Jints 9750 465.17 5.01% holyjo 8810 474.83 5.11% Thread Killer 9761 476.17 5.13% PragueAddick 8725 559.83 6.03% CAFCWest 8621 663.83 7.15% Fortune 82nd Minute 8571 713.83 7.69% HardyAddick 8548 736.83 7.94% bobmunro 8452 832.83 8.97% Lenglover 8301 983.83 10.60% Siv_In_Norfolk 7400 1884.83 20.30% Er_Be_Ab_Pl_Wo_Wo_Ch 6500 2784.83 29.99% 0 -
irritating - i toyed with the idea of just guessing 10,000, then put my sensible head on. I should trust my hunches more.1
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Likewise, i wanted to go higher but decided to play it safe. Surprised how many had under 9500.IdleHans said:irritating - i toyed with the idea of just guessing 10,000, then put my sensible head on. I should trust my hunches more.0 -
Just about crept over 9900 to 9912 but then fell to finish on 9899.6.Jints said:
FTSE looking like closing at over 9,900 tonightRob7Lee said:It's been a while, 3 months to go:FTSE100 Level 9,284.83 Name Level Variance % Variance Hornchurch 9275 9.83 0.11% meldrew66 9301 16.17 0.17% Housty 9254 30.83 0.33% blackpool72 9245 39.83 0.43% TheGhostofTomHovi 9236 48.83 0.53% WHAddick 9335 50.17 0.54% CharltonKerry 9234 50.83 0.55% Covered End 9220 64.83 0.70% Carter 9212 72.83 0.78% StrikerFirmani 9365 80.17 0.86% Jamescafc 9200 84.83 0.91% Addickinedi 9176 108.83 1.17% cafcpolo 9395 110.17 1.19% Diebythesword 9400 115.17 1.24% RalphMilne 9168 116.83 1.26% valleynick66 9165 119.83 1.29% guinnessaddick 9152 132.83 1.43% Addick Addict 9424 139.17 1.50% thecat 9136 148.83 1.60% IdleHans 9434 149.17 1.61% @TelMc32 9450 165.17 1.78% fat man on a moped 9116 168.83 1.82% wwaddick 9104 180.83 1.95% golfaddick 9101 183.83 1.98% WishIdStayedInThe Pub 9101 183.83 1.98% Jon_CAFC_ 9088 196.83 2.12% BalladMan 9058 226.83 2.44% Arsenetatters 9525 240.17 2.59% Huskaris 9025 259.83 2.80% Solidgone 9021 263.83 2.84% Rob7Lee 9000 284.83 3.07% Bangkokaddick 8998 286.83 3.09% Pedro45 8925 359.83 3.88% Friend or Defoe 9657 372.17 4.01% LargeAddick 8884 400.83 4.32% Redman 8876 408.83 4.40% Jints 9750 465.17 5.01% holyjo 8810 474.83 5.11% Thread Killer 9761 476.17 5.13% PragueAddick 8725 559.83 6.03% CAFCWest 8621 663.83 7.15% Fortune 82nd Minute 8571 713.83 7.69% HardyAddick 8548 736.83 7.94% bobmunro 8452 832.83 8.97% Lenglover 8301 983.83 10.60% Siv_In_Norfolk 7400 1884.83 20.30% Er_Be_Ab_Pl_Wo_Wo_Ch 6500 2784.83 29.99%
Amazing run the FTSE100 has been on. Dont think anyone thought back in July it could end the year around the 10,000 mark.0 -
FTSE100 Level 9,899.60 Name Level Variance % Variance Thread Killer 9761 138.6 1.40% Jints 9750 149.6 1.51% Friend or Defoe 9657 242.6 2.45% Arsenetatters 9525 374.6 3.78% @TelMc32 9450 449.6 4.54% IdleHans 9434 465.6 4.70% Addick Addict 9424 475.6 4.80% Diebythesword 9400 499.6 5.05% cafcpolo 9395 504.6 5.10% StrikerFirmani 9365 534.6 5.40% WHAddick 9335 564.6 5.70% meldrew66 9301 598.6 6.05% Hornchurch 9275 624.6 6.31% Housty 9254 645.6 6.52% blackpool72 9245 654.6 6.61% TheGhostofTomHovi 9236 663.6 6.70% CharltonKerry 9234 665.6 6.72% Covered End 9220 679.6 6.86% Carter 9212 687.6 6.95% Jamescafc 9200 699.6 7.07% Addickinedi 9176 723.6 7.31% RalphMilne 9168 731.6 7.39% valleynick66 9165 734.6 7.42% guinnessaddick 9152 747.6 7.55% thecat 9136 763.6 7.71% fat man on a moped 9116 783.6 7.92% wwaddick 9104 795.6 8.04% golfaddick 9101 798.6 8.07% WishIdStayedInThe Pub 9101 798.6 8.07% Jon_CAFC_ 9088 811.6 8.20% BalladMan 9058 841.6 8.50% Huskaris 9025 874.6 8.83% Solidgone 9021 878.6 8.88% Rob7Lee 9000 899.6 9.09% Bangkokaddick 8998 901.6 9.11% Pedro45 8925 974.6 9.84% LargeAddick 8884 1015.6 10.26% Redman 8876 1023.6 10.34% holyjo 8810 1089.6 11.01% PragueAddick 8725 1174.6 11.87% CAFCWest 8621 1278.6 12.92% Fortune 82nd Minute 8571 1328.6 13.42% HardyAddick 8548 1351.6 13.65% bobmunro 8452 1447.6 14.62% Lenglover 8301 1598.6 16.15% Siv_In_Norfolk 7400 2499.6 25.25% Er_Be_Ab_Pl_Wo_Wo_Ch 6500 3399.6 34.34% 1 -
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Glad I’m so wrong!.,2
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Never say never bob!!bobmunro said:
I think we are now too old for that, but if we were around your age then we would likely do the same.Rob7Lee said:
Markets are very different to individuals. Markets would drop (UK) if there was fear of a large ish corp tax increase, but not income tax.Huskaris said:On another note, interesting how concerned many of us seem to be about the tax rises (with good reason) but markets seem confident, FTSE at all time highs etc.
US government shutdown potentially lifting surging the FTSE, pre leaking tax rises having minimal impact from what I can see. I'm guessing it's more a bond market thing?
Ill see what this month brings, but can only see it hastening my retirement and ultimately the likelihood of leaving the UK as my permanent home.
TBH if it wasn't for children (all be it grown up, allegedly!) I'd already be gone. Im fortunate that my employer would sponsor me to a number of countries, USA (no thanks), Bermuda (another no), Canada (possible), Australia (possible), Guernsey/Jersey (easy) and most European countries. It may be a discussion to be had in the new year.1 -
Yep…me too…surprised it’s as high as it is!HardyAddick said:Glad I’m so wrong!.,1 -
Rob7Lee said:
Never say never bob!!bobmunro said:
I think we are now too old for that, but if we were around your age then we would likely do the same.Rob7Lee said:
Markets are very different to individuals. Markets would drop (UK) if there was fear of a large ish corp tax increase, but not income tax.Huskaris said:On another note, interesting how concerned many of us seem to be about the tax rises (with good reason) but markets seem confident, FTSE at all time highs etc.
US government shutdown potentially lifting surging the FTSE, pre leaking tax rises having minimal impact from what I can see. I'm guessing it's more a bond market thing?
Ill see what this month brings, but can only see it hastening my retirement and ultimately the likelihood of leaving the UK as my permanent home.
TBH if it wasn't for children (all be it grown up, allegedly!) I'd already be gone. Im fortunate that my employer would sponsor me to a number of countries, USA (no thanks), Bermuda (another no), Canada (possible), Australia (possible), Guernsey/Jersey (easy) and most European countries. It may be a discussion to be had in the new year.Our eldest is relocating to Malta in the spring next year and will be there for a few years, so we will be spending a chunk of the year out there seeing him and his family. That, together with life in rural Cheshire close to our youngest and his family may be a good balance. If I was still working then I think I would perhaps make a permanent move, and Malta, Gibraltar, US (like you, no thanks) and Australia would be options, and even if not working I still could with the contacts that I have.Yes, never say never.4 -
I’m happy to see the all-time highs on my two H-L portfolios ( but not on Degiro cos thats where my Novo Nordisk holding sits) , but I will take this opportunity to gently stuff a bit more of the profits into money market funds. ( usual disclaimer: I’m older than most of you).CafcWest said:
Yep…me too…surprised it’s as high as it is!HardyAddick said:Glad I’m so wrong!.,
Procter&Gamble is my canary in the coalmine. I’ve held it for a few years as an income stock. It’s down around 9% since mid May, despite bouncing yesterday. I’ve set a sell order for it, but am having trouble reaching the target price. I know this company well, some of the smartest people I’ve met in my working life are alumnis. This much I know, AI isnt going to wash your dishes or your clothes or your hair, wipe your arse, change your baby’s diapers. Something’s not right here.0 -
You have very similar tastes in countries as I do! I assume Australia is a possible due to how far it is from Blighty, but it's a great place to live. You never get bored of nice weather.Rob7Lee said:
Never say never bob!!bobmunro said:
I think we are now too old for that, but if we were around your age then we would likely do the same.Rob7Lee said:
Markets are very different to individuals. Markets would drop (UK) if there was fear of a large ish corp tax increase, but not income tax.Huskaris said:On another note, interesting how concerned many of us seem to be about the tax rises (with good reason) but markets seem confident, FTSE at all time highs etc.
US government shutdown potentially lifting surging the FTSE, pre leaking tax rises having minimal impact from what I can see. I'm guessing it's more a bond market thing?
Ill see what this month brings, but can only see it hastening my retirement and ultimately the likelihood of leaving the UK as my permanent home.
TBH if it wasn't for children (all be it grown up, allegedly!) I'd already be gone. Im fortunate that my employer would sponsor me to a number of countries, USA (no thanks), Bermuda (another no), Canada (possible), Australia (possible), Guernsey/Jersey (easy) and most European countries. It may be a discussion to be had in the new year.0 -
The list was more where I could quite easily and quite quickly move to as my employer has large offices there and would sponsor the move (so no real Visa issues). An American company so I could have my pick in any city in the US pretty much, but no thank you!!Friend Or Defoe said:
You have very similar tastes in countries as I do! I assume Australia is a possible due to how far it is from Blighty, but it's a great place to live. You never get bored of nice weather.Rob7Lee said:
Never say never bob!!bobmunro said:
I think we are now too old for that, but if we were around your age then we would likely do the same.Rob7Lee said:
Markets are very different to individuals. Markets would drop (UK) if there was fear of a large ish corp tax increase, but not income tax.Huskaris said:On another note, interesting how concerned many of us seem to be about the tax rises (with good reason) but markets seem confident, FTSE at all time highs etc.
US government shutdown potentially lifting surging the FTSE, pre leaking tax rises having minimal impact from what I can see. I'm guessing it's more a bond market thing?
Ill see what this month brings, but can only see it hastening my retirement and ultimately the likelihood of leaving the UK as my permanent home.
TBH if it wasn't for children (all be it grown up, allegedly!) I'd already be gone. Im fortunate that my employer would sponsor me to a number of countries, USA (no thanks), Bermuda (another no), Canada (possible), Australia (possible), Guernsey/Jersey (easy) and most European countries. It may be a discussion to be had in the new year.
outside of work my preference would be Cyprus, but I’d struggle in the very hottest months.0 -
FTSE100 breaking new ground once again this afternoon. Now at 9925.
Anyone have 10,000 in the comp....😀0 -
golfaddick said:FTSE100 breaking new ground once again this afternoon. Now at 9925.
Anyone have 10,000 in the comp....😀I'm pretty sure I did, but it has morphed into 8452. Dirty tricks at play?Ok - no I didn't.0
