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Savings and Investments thread
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Bangkokaddick said:Well done Rob7Lee...but:
Rob7Lee wins his own competition;
ThaiMalaysiaAddick won his own prediction League.
What's going on?It does raise serious questions and we have a right to know what the hell is going on here!(well done Rob)3 -
I would like to humbly point out that I set up this comp. - and duly won the first two. 🤣 Sensing corruption, @Rob7Lee reported me to the FCA and took it over himself 😉 (which I am grateful for since it takes a bit of work and he does it better and more diligently).
Has to be said too that Season 1 only had a few entrants, maybe a dozen, so it's nice to see it become a CL institution. But I find myself approaching each new forecast with an increasing sense of "I have no effing clue". Then again how many of us predicted Charlton finishing 4th and winning the play-offs?3 -
Which would be fine and fair if the system didn't allowed people who's parents are rich enough to pay 27k up front to avoid the graduate tax and therefore not have to pay 200k+ across 40 years of career.valleynick66 said:
I agree with the sentiment of not pursuing a degree for the sake of it but it is healthier to consider the cost as a tax levy rather than a debt.cafcnick1992 said:
Congratulations. Enjoy the extra money each month not going to debt.moutuakilla said:After 17 years I've finally paid off my student loan today
On a serious note, we really need kids these days to understand that going to university is not the only option post school, unless you're doing a course that will financially wash its face. Sending young men and women out into the workforce with a useless degree, saddled with £50,000 worth of debt is not helping them.0 -
Bonds tonight.🙏2
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How many UK based students actually pay the fees up front?cantersaddick said:
Which would be fine and fair if the system didn't allowed people who's parents are rich enough to pay 27k up front to avoid the graduate tax and therefore not have to pay 200k+ across 40 years of career.valleynick66 said:
I agree with the sentiment of not pursuing a degree for the sake of it but it is healthier to consider the cost as a tax levy rather than a debt.cafcnick1992 said:
Congratulations. Enjoy the extra money each month not going to debt.moutuakilla said:After 17 years I've finally paid off my student loan today
On a serious note, we really need kids these days to understand that going to university is not the only option post school, unless you're doing a course that will financially wash its face. Sending young men and women out into the workforce with a useless degree, saddled with £50,000 worth of debt is not helping them.
I suspect a very small percentage.Yes it’s unfair but I assume it’s a relatively small subset who get that privilege. And probably from families who will ensure they have untold financial advantage throughout their lifetimes relative to us mere mortals.My point really though was how to badge it whilst the scheme exists in its current imperfect guise.0 -
There’s pluses and minuses. Those with less affluent parents can take the full maintenance loan which just about covers living expenses if out of London. If parents earn even reasonable money they are expected to contribute and the maintenance loan available wouldn’t even cover student halls.cantersaddick said:
Which would be fine and fair if the system didn't allowed people who's parents are rich enough to pay 27k up front to avoid the graduate tax and therefore not have to pay 200k+ across 40 years of career.valleynick66 said:
I agree with the sentiment of not pursuing a degree for the sake of it but it is healthier to consider the cost as a tax levy rather than a debt.cafcnick1992 said:
Congratulations. Enjoy the extra money each month not going to debt.moutuakilla said:After 17 years I've finally paid off my student loan today
On a serious note, we really need kids these days to understand that going to university is not the only option post school, unless you're doing a course that will financially wash its face. Sending young men and women out into the workforce with a useless degree, saddled with £50,000 worth of debt is not helping them.
if I didn’t pay my daughters through uni (and nephew, but that’s another story) I’d have around £180k still invested, so in effect I’m paying the graduate tax by loss of earnings/income on that money!! As I tend to achieve 8% work that out over 30/40 years!
And isn’t it cleared after 30 years (from when you start paying back) not 40. I still think 80-90%+ will repay long before that.Edit, a quick calc on £180k 8% per annum for 30 years gives you £1.8m…..0 -
If they started their course after 1 Sep 2012 and before 31 July 2023, then they would be on Plan 2, which gets written off 30 years after the April that they were first due to repay.Rob7Lee said:
There’s pluses and minuses. Those with less affluent parents can take the full maintenance loan which just about covers living expenses if out of London. If parents earn even reasonable money they are expected to contribute and the maintenance loan available wouldn’t even cover student halls.cantersaddick said:
Which would be fine and fair if the system didn't allowed people who's parents are rich enough to pay 27k up front to avoid the graduate tax and therefore not have to pay 200k+ across 40 years of career.valleynick66 said:
I agree with the sentiment of not pursuing a degree for the sake of it but it is healthier to consider the cost as a tax levy rather than a debt.cafcnick1992 said:
Congratulations. Enjoy the extra money each month not going to debt.moutuakilla said:After 17 years I've finally paid off my student loan today
On a serious note, we really need kids these days to understand that going to university is not the only option post school, unless you're doing a course that will financially wash its face. Sending young men and women out into the workforce with a useless degree, saddled with £50,000 worth of debt is not helping them.
if I didn’t pay my daughters through uni (and nephew, but that’s another story) I’d have around £180k still invested, so in effect I’m paying the graduate tax by loss of earnings/income on that money!! As I tend to achieve 8% work that out over 30/40 years!
And isn’t it cleared after 30 years (from when you start paying back) not 40. I still think 80-90%+ will repay long before that.Edit, a quick calc on £180k 8% per annum for 30 years gives you £1.8m…..1 -
Yeah changed to 40 two years agosuperclive98 said:
If they started their course after 1 Sep 2012 and before 31 July 2023, then they would be on Plan 2, which gets written off 30 years after the April that they were first due to repay.Rob7Lee said:
There’s pluses and minuses. Those with less affluent parents can take the full maintenance loan which just about covers living expenses if out of London. If parents earn even reasonable money they are expected to contribute and the maintenance loan available wouldn’t even cover student halls.cantersaddick said:
Which would be fine and fair if the system didn't allowed people who's parents are rich enough to pay 27k up front to avoid the graduate tax and therefore not have to pay 200k+ across 40 years of career.valleynick66 said:
I agree with the sentiment of not pursuing a degree for the sake of it but it is healthier to consider the cost as a tax levy rather than a debt.cafcnick1992 said:
Congratulations. Enjoy the extra money each month not going to debt.moutuakilla said:After 17 years I've finally paid off my student loan today
On a serious note, we really need kids these days to understand that going to university is not the only option post school, unless you're doing a course that will financially wash its face. Sending young men and women out into the workforce with a useless degree, saddled with £50,000 worth of debt is not helping them.
if I didn’t pay my daughters through uni (and nephew, but that’s another story) I’d have around £180k still invested, so in effect I’m paying the graduate tax by loss of earnings/income on that money!! As I tend to achieve 8% work that out over 30/40 years!
And isn’t it cleared after 30 years (from when you start paying back) not 40. I still think 80-90%+ will repay long before that.Edit, a quick calc on £180k 8% per annum for 30 years gives you £1.8m…..0 -
£325 on max holding. My best ever!4
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£175 for me, £200 for the wife, both on 30k holding1
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£100 on £30k1
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Best month for a while. £300 for me (£2x £100, 1x£50 and 2x£25) on £38k, £225 (1x £100, 2x£30, 1x £25) for Mrs R7L on max.3
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2 x £100 for me on £22k.
Already passed last years winnings with 5 months to go.2 -
£275 on max…happy with that! 2.5% return - calendar year.1
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£25 for me this month, under 50%0
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£50 me- £42.5k holding
£250 the wife on full .0 -
£200 me and £125 wife, both on max.0
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Ha, he only got £25!Rob7Lee said:3 - Sponsored links:
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£125 on full0
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£150 on half0
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£50 max0
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nothing again, but no surprise as R7L has hoovered up all the prizes.4
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£50 on 44k...0
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£100 on half0
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£200x2 me and the wife0
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£100 for me, £150 for Mrs M - both max holdings0
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£50 on £20k.
Thinking it may be time to reposition the holdings after a poor few months. Stocks and Shares ISA allowance is maxed out for the year, but may look at putting the money into non-ISA stocks just to get better long term growth.0 -
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