Chit Chat
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18 Mar 20
16:00
Joined:
Date Joined:
31 Dec 04
And handing to households
Wonder how much people would like as a
PRESENT?
£500/£750?
Wonder how much people would like as a
PRESENT?
£500/£750?
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Replies: 76
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not enough - with the chance of the premier league now playing behind closed doors, I would like a lot more thank you
I might die from boredom otherwise hahah |
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I think boredom would've been a big issue pre interent ,unlimited talk time and tv channels etc ...nowadays i can't see what the fuss is about .
we wouldn't cope in a war |
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Use it to buy assets that increase in value with inflation
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Banks will print trillions of pounds for themselves, if we are very very lucky they may decide to drop a few crumbs for us, yay.
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If you want people to self-isolate, then you need to make sure they can't afford to go out. Handing people money right now would be the worst possible thing to do.
Effective lockdown and quarantining implies a recession on an unprecedented scale. Get that done and THEN hand out the money for a debt-fuelled recovery splurge. |
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or offer an indoors service for free such at netflix ... some of the the people who will spread this will be the unwashed pro-doleys in towns who will gather round friends houses as a general rule
...druggies ,potheads |
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some will enjoy the mayhem it causes
the homeless will probably be sofa surfing too ...so they will have to mix ,they have no choice |
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Dow Jones down over 6%
PeaNUTS  |
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forget all the their will be a big bounce back blah,blah, this for starters will wipe out everyone in a drawdown sipp who,s drawing dowm, or as myself everyone in a drawdown sipp who,s not drawing it down but made plans over the next 5 years to start drawing down,
ive got the paperwork,statements,can see the carnage richest us airlines in the world losing 75% of their value in a week |
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You're heavily weighted in equities during drawdown
 Even if that was the case and you were taking that kind of gamble, the markets have remained open so there's plenty of opportunity to move to cash or safer funds. |
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for 99% of people these decisions are in hands of providers, millions of sipp policies out there because of annuity rates, what do you think their invested it ,ive no idea of the % in equities etc and I look regularly I can just tell you my 190 grand pot has lost 30 grand in 6 weeks and havnt looked after this weeks carnage, what do you do I arnt drawing down,still putting in,could get 35 grand out tax free and pay 40% tax on rest, that spishing about 60 grand up the wall anyway,and at the moment you,d be losing 1000,s a day whilst thinking about it
and as some of the good posters on here no I,m in a reputable fund,with a reputable company standard life, not a ltter,email,phone call of them with any advice I don't tell lies or walty mitty stories I,ll keep forum updated over next few months ive basically written it off and if theres anything left after this ends its a brucie bonus, savings will just about get me to 66 and state pension which along with the wifes pension will get us by,but goodies will have gone the pension freedoms is the dog that hasn't barked in this crisis yet imo |
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annuity rates are shocking but I,m not a greedy man and 10 years ago when I went into a sipp and ,lots of tgimes since ive considered getting an annuity, but although a single annuity would have been ok despite been shopite value,the wife would have got nothing if something had happened to me ,so when you get down to joint annuity which at least leaves the wife something,your down to roughly 3 grand a year for a 100 grand pot, the numbers didn't work for me ,although I wish had bitten the bullet now,
we live and learn |
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A SIPP literally means self invested, it's not BIPP
 Even if you want to devolve the decision making to someone else, you'll surely want to know what your capital is held in? You can move to cash and keep it in the SIPP wrapper. As you're in drawdown you should be in a decent chunk of cash anyway. Do you have any idea at all what funds you're invested in? |
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its beyond my skill level to decide if to move into cash like millions of others thatrs why we pay someone to make them decisions, and the advice I always read is if you jump in and out of cash you miss the big tick ups everyone bangs on about, basically 10 of the ftse too companies,someone checked the fund on here for me 2 years ago and it wasn't the worst but nearer the bottom than top, I havnt nous to work out whats in equity and whats in other investments, just telling you the falls
how many in the no piled into Sainsbury,s today thinking /hoping there going to benefit massively from sunaks measure,s up 16% at one point todays as other supermarkets morrisons were warning of going bust, maybe sunak is balls deep in Sainsbury shares  |
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Might be a good idea to be have cash at hand in the next weeks, imo.
Bank holiday incoming? |
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https://www.armstrongeconomics.com/future-forecasts/the-global-market-watch-forecast-on-the-dow/
. |
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when they get the soccerball premier going behind closed doors I will be on the up again
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donalds dow down 11% , and people on here managing their own funds out of trouble
I,m a big boy with big pants who takes responsibility for his own actions,and check my pension regularly, I cant be an outrider, must be millions out there either oblivious to their pots or others who are taking 4/5% plus out of their sipps in drawdown getting absolutely mullered, I,m putting in and getting mullered, predicting at worst over 24 million job losses in usa, that's trump toast,cant see him pulling his koooont out to help democrats |
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no no no - premier league soccerball behind closed doors - boris feeding me dosh to put on liverpool and citeeee
the future is bright etc - lets get there quick it is costing me money |
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DJ was far lower than this in 2016. I will be moving into US equities but not yet.
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the tech edge that made Ocado close down today and refuse anymore clients because its software cant cope
its a sipp like millions of others ,in a listed fund [shoite one granted] with standard life huge company , I pay the fee,s don't think its up to me and phone up and tell them how to do their jobs or their wouldn't be a fund manager /insuerer etc out there |
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the plebs won't get much of it - and quite right too
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watch yourself my friend the last hero,s on here were piling into the ftse at 7150,
senate about to pass trumps massive usa bail out if you want to get in and ride the wave |
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Ocado gained nearly 7% today
They have a tech edge, not quite placed to serve half the nation yet. Feels to me like ftse 100 is closer to finding it's natural level for the crisis than the US indices. |
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re Ocado
I used to get that dreadful tiny slices in a loaf of anti diabetic low carb bread then I found out you got much bigger slices from warburtons whole meal 9 g carb per slice what a con |
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ive got some sheikh bloke dropping me a lorry load of barrels off tomorrow 25 dollars a barrel, give us a shout in 6 months if you need some
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People are paying $40 dollars if you can store it until next year.
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if and when the normal world returns lidil and aldi will be cleaning up the baby booombers if theres any left will be flocking there, m and s,waitrose,sainsburys will get battered
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My theory is people will get used to Ocado and not transfer back to manual. But I really like the model anyway, even before the crisis. The drawback is no divis as yet but capital growth has been good enough. Don't forget the key to the business is the logistics, robotics and tech, more than margins on their own supplies. Stock picking in the shop will be like people developing camera films after digital technology was available.
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people who hate older - you would not do well in china - allegedly
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1st time, im hopeless with pensions, ive a small pension thats lost near 20% in the last 2 weeks, i could take most of it out tax free in april, any suggestions ?. its a private pension with standard life
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sorry elsie tuned out last night
I really am the last person to give advice , what I will say ive got emails in my inbox from Halifax,american express, capital one offering me lonas,delay,help etc etc some might say rather cynically,but not a word from standard life , new York stock ex shutting down,london could be shutting down,so markets could be closing surely their should have been a case for all funds,investments to be frozen weeks ago, as iv said and put my house on it pensions are the dogs that are going to come back kicking and screaming when things settle a little, because like betfair for everyone that's losing there,ll be people winning, ive got posts on here going back 5 years ,government fighting for low fees but anyone thinking a pension provider is working just as hard for someone paying 0,5% as for someone paying uch more is plainly ridiculous, in years to come when the screaming starts pension providers will say you get the advice,actions you pay for, just mvho |
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usa to issue cheques in 3 weeks time
$1000 adult $500 children |
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can't see how food stores benefit that much as people only eat the same amount of food long term
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Base rates cut to 0.10%
Wonder if negative rates will be next  |
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MILLIONS going to lose their jobs for an unknown amount of town,but like tv licence for 30 yrs,universal benefits etc,cant do it the easy way through helicopter money through the paye/ni system because billions will go to those who don't need it
we could always put an honesty box in each town for gary barlow,jimmy carr, and co topmost nthere,s back,dont think we,ll need to many people to count the returns, |
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after some advice off anyone who,s in the no regards pensions etc
saw the money man on tv last night,the last question could have been me asking ,I actually thought he must have same fund as me , he said there are only 2 real prices the one you buy and the one you sell at, anything in between is a paperloss/gainwhat i,d like to no in an investment fund thats in stock markets, i understand the theory as stock prices drops you get more so called units for your money and reap the benefit of any stock price rises later ? when i/you log in you have a dashboard giving you an instant monetary value of you pot, to make it easy as an example if that pot were at zero is the fund empty,finished are do you still own all the so called units even though that day they arnt worth anything and the units are still there/yours to make use of any tick up like if you own a BT share worth a penny today might be worth 2p next week sorry if this sounds like a stupidly,ridiculous question to ask i was another 10 grand down yesterday from last time i looked 5 days ago thanks for any help |