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Savings and Investments thread
Comments
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Get yourself a good financial advisergolfaddick said:At lunchtime the Index was at 12620 and I was just 40 points away.
Grrrr.5 -
Thank you. Almost got it right but like a lot of investment advisors, it was mainly a guess!0
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I think you mean 10,620.golfaddick said:At lunchtime the Index was at 12620 and I was just 40 points away.
Grrrr.1 -
I'm happy with the bronze medal and even happier that I ignored my financial adviser's advice after 2 years of substantial losses, withdrew the funds and turned a 20% loss into a 15% profit in 2 years.4
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Oops....my bad.Covered End said:
I think you mean 10,620.golfaddick said:At lunchtime the Index was at 12620 and I was just 40 points away.
Grrrr.0 -
Moral victory. The index was pulling away from your prediction yesterday & today and mine was closer 3 hrs before the close.LargeAddick said:
Beaten again, bad luck Golfz.golfaddick said:At lunchtime the Index was at 12620 and I was just 40 points away.
Grrrr.
It's a bit like being lapped and then the leader's car blowing up on the final bend with the laggards passing it minutes later.
😉😄😀1 -
175 for me
Nil for wifey0 -
Nothing on 22k
Crap year so far0 -
£50 for me and £225 for Mrs R7L both on max, £25 for daughter on about half.
£25 fir Father in law0 -
£25 again on max holding…disappointed!0
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£75 on max
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Zilch on max for the 2nd month.0
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Mrs Er_Be_Ab_Pl_Wo_Wo_Ch picked up £500 on max.2
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£100 on £20k0
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£75 me and £225 wife, both on max.0
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£0 again on 2 x max
Getting fed up now 😂
I got more on today’s Valley Gold1 -
£50 on £40k holding. Not a lot better than the zero last month ☹️0
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£600 on max! Timed nicely as my old van is in for an MOT and service today and I recon the bill will be at least that.6
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Don’t get me started on that one! My chances of winning the Euromillions seem to be better than winning Valley Gold Photollery said:£0 again on 2 x max
Getting fed up now 😂
I got more on today’s Valley Gold1 -
£150 for me, £100 for my wife on about 28k each.0
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Anyone else pick up on this (apologies if already posted).Lesson here - don't leave the large family home to your children. Significantly trade down or even sell and rent in older age.
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Just the usual guff we get around Budget time. Sometimes its feelers put out by the Treasury & sometimes it's just scaremongering.bobmunro said:Anyone else pick up on this (apologies if already posted).Lesson here - don't leave the large family home to your children. Significantly trade down or even sell and rent in older age.0 -
14.55
FTSE100 up 1.72% to 10659.
Damn. Just 2 days too late.2 -
£100 for me and £50 for jnr on half max and £150 for Mrs on Max this month.0
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We are starting to feed the kids money, well, the two oldest. Youngest will have to wait.bobmunro said:Anyone else pick up on this (apologies if already posted).Lesson here - don't leave the large family home to your children. Significantly trade down or even sell and rent in older age.
Not leaving much when I get to that age 😂1 -
I'm not sure if this will affect many people. For most ordinary people the house is just part of their estate, the house is sold so just IHT. If a family member did particularly want it, it could be arranged for a sale and purchase through the estate executor.bobmunro said:Anyone else pick up on this (apologies if already posted).Lesson here - don't leave the large family home to your children. Significantly trade down or even sell and rent in older age.
I actually don't see the government getting any money except by people's ignorance, and the people being advised by lawyers.
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The more of this I hear, the more it tempts me to move away from the UK.bobmunro said:Anyone else pick up on this (apologies if already posted).Lesson here - don't leave the large family home to your children. Significantly trade down or even sell and rent in older age.
that said, I’m seriously considering just taking on a decent amount of borrowing, buy my kids a house each and hope either my wife or I live 7 years. May as well be me paying the interest, then hopefully won’t be much left when I do pop my clogs and the family home would just have the debt my children would have had anyway, may even get away with no IHT.
otherwise as you say, would have to trade down in value.4 -
Good plan. I suggest you document these gifts and give them letters making it clear that they are gifts.Photollery said:
We are starting to feed the kids money, well, the two oldest. Youngest will have to wait.bobmunro said:Anyone else pick up on this (apologies if already posted).Lesson here - don't leave the large family home to your children. Significantly trade down or even sell and rent in older age.
Not leaving much when I get to that age 😂0 -
If you do get serious about moving away, you'll want to acquaint yourself with the revised IHT rules for non-residents. This is what I've been focused on in the last few months. Basically, even though you are non-resident, you will still be liable for IHT on what they call UK-situs assets above your regular IHT limit. That would include your property as well as any savings and investments that are held in British institutions. Curiously, gilts are exempt from that, which is exactly why I've been buying a load of them in the last few months.Rob7Lee said:
The more of this I hear, the more it tempts me to move away from the UK.bobmunro said:Anyone else pick up on this (apologies if already posted).Lesson here - don't leave the large family home to your children. Significantly trade down or even sell and rent in older age.
that said, I’m seriously considering just taking on a decent amount of borrowing, buy my kids a house each and hope either my wife or I live 7 years. May as well be me paying the interest, then hopefully won’t be much left when I do pop my clogs and the family home would just have the debt my children would have had anyway, may even get away with no IHT.
otherwise as you say, would have to trade down in value.
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Agree, all documented. My wife is a Senior Partner at big 4, I’ve got to spend it all now 😂redman said:
Good plan. I suggest you document these gifts and give them letters making it clear that they are gifts.Photollery said:
We are starting to feed the kids money, well, the two oldest. Youngest will have to wait.bobmunro said:Anyone else pick up on this (apologies if already posted).Lesson here - don't leave the large family home to your children. Significantly trade down or even sell and rent in older age.
Not leaving much when I get to that age 😂2
