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Savings and Investments thread

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  • I can think of a biggie but this isn't the forum. 😉

    On a separate note, £122m of the £3.5bn has been clawed back. Bloody boat people.
    Well how much will actually get paid? The company still exists but has no operations. The money has already been paid out by the company to its shareholder who has spent it on a yacht. I suspect the company will declare bankruptcy and write off all but a small amount of what it owes the taxpayer. Whilst the shareholder when not on her yacht will be in the house of Lords. White collar crime. 
  • Can we stop the FTSE Prediction Competition now @Rob7Lee?  😉
  • I can think of a biggie but this isn't the forum. 😉

    On a separate note, £122m of the £3.5bn has been clawed back. Bloody boat people.
    Are you referring to Medipro ?  Govenment won the court case today but the Company went into Administration yesterday. Handy that 🤔.
  • TelMc32 said:
    Can we stop the FTSE Prediction Competition now @Rob7Lee?  😉
    Better not.....I'm around 4% off the close today. 

    But just you wait until the Budget. RR might crash both the Stock and Bond markets in one go  !
  • Dividends tax is already practically in line with income tax. So unless you want to make it completely unviable to run a business, I wouldn’t touch it other than to possibly get rid of it. 

    Bringing CGT into income tax would definitely be my preference but would need to raise the tax free allowance, which probably isn’t viable.
  • I can think of a biggie but this isn't the forum. 😉

    On a separate note, £122m of the £3.5bn has been clawed back. Bloody boat people.
    Are you referring to Medipro ?  Govenment won the court case today but the Company went into Administration yesterday. Handy that 🤔.
    There was an application to appoint administrators yesterday for PPE Medpro Limited. Given that it’s been shown that Barrowman/Mone took £65m out, I suspect there will be plenty of goodies to be had under the POCA. Hopefully the first of many of these clawbacks. 
  • RRob7Lee said:
    Huskaris said:
    Does anyone else find it really interesting/surprising/worrying that we are in a world where gold is up 47% YTD, and the S&P is up 14%?

    It feels like everyone is terrified of missing out so pumping the S&P whilst being absolutely terrified of what is coming, so also pumping gold! 

    I really wish I'd bought gold earlier this year, I might be about to get my hands on a little bit of cash and still think it would be a good purchase! 
    I stopped buying gold about 12 months ago, I also sold what I had in a fund back in March, but still hold a fair amount of physical gold. Not sure I'd buy more at this stage but that's as much about already holding quite a lot, just buy a few gold sovereigns if you want to enter the market, or a fund if you have space in ISA/SIPP etc.

    That said I've also liquidated around 2/3rd of my SIPP to lock in the growth since March, currently sitting in cash, which does earn last time I looked 2.5% (having slowly dropped this year from 3.25%) so not the end of the world.
    You should be doing better than that in “cash”. Still 4% + in money market funds, and just about 4% for 1 year bonds with reputable British- based banks ( and HSBC😂)
  • RRob7Lee said:
    Huskaris said:
    Does anyone else find it really interesting/surprising/worrying that we are in a world where gold is up 47% YTD, and the S&P is up 14%?

    It feels like everyone is terrified of missing out so pumping the S&P whilst being absolutely terrified of what is coming, so also pumping gold! 

    I really wish I'd bought gold earlier this year, I might be about to get my hands on a little bit of cash and still think it would be a good purchase! 
    I stopped buying gold about 12 months ago, I also sold what I had in a fund back in March, but still hold a fair amount of physical gold. Not sure I'd buy more at this stage but that's as much about already holding quite a lot, just buy a few gold sovereigns if you want to enter the market, or a fund if you have space in ISA/SIPP etc.

    That said I've also liquidated around 2/3rd of my SIPP to lock in the growth since March, currently sitting in cash, which does earn last time I looked 2.5% (having slowly dropped this year from 3.25%) so not the end of the world.
    You should be doing better than that in “cash”. Still 4% + in money market funds, and just about 4% for 1 year bonds with reputable British- based banks ( and HSBC😂)

    There are a limited number of SIPP'able deposit account providers and very few, if any, would pay those sorts of rates on deposits. You may be able to get a bit more on MMFs but they do carry risk, although pretty low in normal times (which these are not!).
  • Really bad month for us, for the first time ever neither myself or my wife won anything. Both on roughly 30k.
  • edited October 1
    £150 on 20k holding.

    A better return than I’ve had in recent months, but will be moving that money into a global tracker going forward (Stocks ISA already maxed) 
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  • £350 on max, MrsR7L £50 on max, daughter £25 on around half holding.
  • Zero this time on max. Not ideal. 
  • 125 for me on a lot less than 50% 
  • Zero on full.  First time for a while …  :(
  • edited 5:52AM
    Worst month for us for a long time 
    £275 over 3xfull holding (one got £0)
  • 2 x £25 for me on 22k.

    Having a great year so far
  • £25 on £29k.
  • £125 max
  • £25 on £40k…meh 😒
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  • bobmunro said:
    RRob7Lee said:
    Huskaris said:
    Does anyone else find it really interesting/surprising/worrying that we are in a world where gold is up 47% YTD, and the S&P is up 14%?

    It feels like everyone is terrified of missing out so pumping the S&P whilst being absolutely terrified of what is coming, so also pumping gold! 

    I really wish I'd bought gold earlier this year, I might be about to get my hands on a little bit of cash and still think it would be a good purchase! 
    I stopped buying gold about 12 months ago, I also sold what I had in a fund back in March, but still hold a fair amount of physical gold. Not sure I'd buy more at this stage but that's as much about already holding quite a lot, just buy a few gold sovereigns if you want to enter the market, or a fund if you have space in ISA/SIPP etc.

    That said I've also liquidated around 2/3rd of my SIPP to lock in the growth since March, currently sitting in cash, which does earn last time I looked 2.5% (having slowly dropped this year from 3.25%) so not the end of the world.
    You should be doing better than that in “cash”. Still 4% + in money market funds, and just about 4% for 1 year bonds with reputable British- based banks ( and HSBC😂)

    There are a limited number of SIPP'able deposit account providers and very few, if any, would pay those sorts of rates on deposits. You may be able to get a bit more on MMFs but they do carry risk, although pretty low in normal times (which these are not!).
    ok, I missed the “SIPP” context. I have a SIPP but as a tax NR it doesn’t fully function as such. I am busy de-risking it right now by gently cashing out  profits from any funds which have tech stuff. MMFs are not, as you say, risk-free but they are a lot less risky right now than many of the funds I am in. 
  • Just £50 on max this month 
  • £150 me and £125 the wife both on max
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