Savings

My savings are diversified. Most are in stock market tracker funds. I’m in my 30s, if I were in my 50s I’d move that weighting to lower gain but even lower risk investments like bonds etc. we also own some property.
 
Johnny Mars Bar said:
My savings are diversified. Most are in stock market tracker funds. I’m in my 30s, if I were in my 50s I’d move that weighting to lower gain but even lower risk investments like bonds etc. we also own some property.
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Unless you might need the cash quickly you’re better leaving it in equities. Even if you take a big hit over a year or two, if you can hang on for a couple more years you’ll still be well ahead of bonds because it will bounce back and end up higher. Seen it happen 3 or 4 times over the last 30 years.
 
west didsblue said:
Unless you might need the cash quickly you’re better leaving it in equities. Even if you take a big hit over a year or two, if you can hang on for a couple more years you’ll still be well ahead of bonds because it will bounce back and end up higher. Seen it happen 3 or 4 times over the last 30 years.
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Hence my multi-decadal investments are in the stock market, I’m not bothered about short/medium term market corrections and for me, bear markets are a buying opportunity.

In 20 years it’ll be a bit different and will shift most of my money to something with less upside but more stable.
 
kaz7 said:
Mine are just over three grand and they are shares from the company i worked for and not a share isa , was hoping to keep it for when my pips ends but then merlin needed an operation out of the blue and my credit card is up to nearly 5k !
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The chances of you being taxed on any gains where the value is around £3k are pretty remote, and even if the rule changes were quite drastic like getting rid of the allowance completely it wouldn’t be much.
 
Johnny Mars Bar said:
Hence my multi-decadal investments are in the stock market, I’m not bothered about short/medium term market corrections and for me, bear markets are a buying opportunity.

In 20 years it’ll be a bit different and will shift most of my money to something with less upside but more stable.
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Agree with your first paragraph. Whether you follow your second paragraph should depend on your situation in 20 years.
 
city2 said:
Ok so people on here with savings are you actually worried about if the chancellor comes to tax you on them and what precautions are you taking or is everyone waiting to how the budget goes and then every man, dog, children rush to the banks to releases millions of pounds or even hundreds of pounds to stop getting ripped off.
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Still cannot get my head around why so many voted Labour. The majority of people knew this was coming and whilst the whole system is a complete circus at this point, Rishi Sunak was correct in his last attempt in advising people to not vote labour just because you want conservatives out. To answer your question...waiting.
 
SamTheGuru said:
Still cannot get my head around why so many voted Labour. The majority of people knew this was coming and whilst the whole system is a complete circus at this point, Rishi Sunak was correct in his last attempt in advising people to not vote labour just because you want conservatives out. To answer your question...waiting.
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Much better to vote for the party of Johnson, Truss and Brexit.

Was 14 years of fucking up the country not enough for you?
 
west didsblue said:
Much better to vote for the party of Johnson, Truss and Brexit.

Was 14 years of fucking up the country not enough for you?
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To be fair, nobody voted for Truss, and Brexit was a referendum that was stupidly brought forward.
 
discopop said:
So you think Johnson should get a pass for his role in all of it?
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I never said that and my original said that the entire system is a circus. I think the whole system is a calamity and I think the whole concept of Brexit was ridiculous without any sort of pathway. Cameron called bluff on the general public over nothing more than a concept, which then became the focus. Theresa May was futile, Boris did something about it although I think there should have been a second referendum to present the basis of what the outcomes were likely to be. Then there was covid etc....

I think a lot of things got confused over furlough and that is where the confusion and turning point has come in.
 
SamTheGuru said:
I never said that and my original said that the entire system is a circus. I think the whole system is a calamity and I think the whole concept of Brexit was ridiculous without any sort of pathway. Cameron called bluff on the general public over nothing more than a concept, which then became the focus. Theresa May was futile, Boris did something about it although I think there should have been a second referendum to present the basis of what the outcomes were likely to be. Then there was covid etc....

I think a lot of things got confused over furlough and that is where the confusion and turning point has come in.
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You see you’ve literally just give him a pass, his part In the original Brexit vote and his “getting Brexit done” have cost this country very dearly and that’s without taking into account the all the other stuff as for the covid period well not many populist leaders came out well.

As for for the current incumbents they’ve been far from perfect so far and have particularly shown a massive lack of self awareness with regards to let’s be kind gifts, they get four years and let’s see what it brings.
 
discopop said:
You see you’ve literally just give him a pass, his part In the original Brexit vote and his “getting Brexit done” have cost this country very dearly and that’s without taking into account the all the other stuff as for the covid period well not many populist leaders came out well.

As for for the current incumbents they’ve been far from perfect so far and have particularly shown a massive lack of self awareness with regards to let’s be kind gifts, they get four years and let’s see what it brings.
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I guess maybe I have? He never really had a chance dealing with Brexit and Covid. My biggest beef is people becoming career politicians through the system and being incapable (often not through their own fault) of being able to relate to the public. Anyway, this is far too deep for Saturday evening.
 
SamTheGuru said:
I guess maybe I have? He never really had a chance dealing with Brexit and Covid. My biggest beef is people becoming career politicians through the system and being incapable (often not through their own fault) of being able to relate to the public. Anyway, this is far too deep for Saturday evening.
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I don’t want politicians whose biggest skill is relating to the public. That’s how we get idiots like Johnson in charge
 
journolud said:
Yeah because that’s the only alternative if they’re not “relatable”.

How about politicians who can understand complex issues, analyse information, make sober informed decisions. Boring stuff like that
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Agreed, but you didn't say that. :) I don't see it happening under the current system.
 
journolud said:
Yeah because that’s the only alternative if they’re not “relatable”.

How about politicians who can understand complex issues, analyse information, make sober informed decisions. Boring stuff like that
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... and having the intelligence and ability to use some foresight
 
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