The FTSE

[blueparrot]

Young people tend not to give much thought to pensions. Retirement seems a long way off and death is all but unimaginable.

The truth is, your life flies by. You get to retirement a lot quicker than you imagine. And the state pension is fuck all a week. Unless you've bought a house, are mortgage-free, and are prepared to live like a hermit, it's nowhere near enough.

I strongly advise anyone to set aside a bundle for your retirement, even at the cost of attending gigs, going abroad on holiday for three weeks, having a flashy car, whatever. Trust me, you'll thank me when you're retired and flush.

Not sure about that I’m 62, and spent all my life going to gigs, football travelling, expensive restaurants still do. Could I have set aside a bigger pension fund, obviously I could. But I ‘ve had a great life, great memories don’t regret one penny spent.
Not to say I haven’t put money away and it isn’t important , I’ll be comfortable but ,but flush probably not and that’s okay.

 

[BrianW]

Not sure about that I’m 62, and spent all my life going to gigs, football travelling, expensive restaurants still do. Could I have set aside a bigger pension fund, obviously I could. But I ‘ve had a great life, great memories don’t regret one penny spent.
Not to say I haven’t put money away and it isn’t important , I’ll be comfortable but ,but flush probably not and that’s okay.

Obviously, it's great if you can afford both.

 

[blueparrot]

Obviously, it's great if you can afford both.

It’s a balance though for most people they should put away what they can, but not at the expense of not living their lives to the full. You seemed to be suggesting retirement is the priority and life should be lived sacrificing many things preparing for it. Unless I’m slightly misunderstanding your original post.

 

[jrb]

 

[BrianW]

It’s a balance though for most people they should put away what they can, but not at the expense of not living their lives to the full. You seemed to be suggesting retirement is the priority and life should be lived sacrificing many things preparing for it. Unless I’m slightly misunderstanding your original post.

I am advising people, pretty strongly, that they should not rely on the State Pension, which is bobbins.

However, how people manage their lives is entirely up to them. Their choice 100%. They can piss their entire income up the wall if that's what they want to do.

(Though it would be cool if people choosing to live out their lives on buttons admitted it was their choice and not the fault of others who have made suitable provision at some sacrifice to themselves.)

 

[BlueHammer85]

View attachment 149287

Going well for the MAGA morons.

 

[SCEtoAUX]

Buying opportunity again IMHO.

 

[doots]

CuntMedia down 47%.
I hope that's going to mirror the orange shit gibbons global 'popularity'.

 

[hampshireblue]

It's terrifying how blasé some people are regarding future finances, I understand there is a balance to be had but for example (and I know I'm fairly lucky!)

The Company I work for will double your personal contribution for anything up to 7%, so my 7% becomes 21% plus they pay any associated fees and 4.5 x salary death in service contribution. I spoke quite recently to a couple of our team members about finances as a colleague sadly died and I was absolutely shocked that 3/4 of the lads had never changed the default 4% contribution that is set when you first start, some of these have worked here for 15+ years, no idea how much they have potentially lost over the life of the pension but all bar one seemingly didn't really care that much!

They as you have stated above have left their entire pension in the hands of Aegon to manage, didn't know/care where the money was going. I took some time to overlay the default medium and high risk managed funds just as an example and the high risk has consistently outperformed the medium and also has a lot lower fees. If some had looked into this earlier in their careers they could easily have an extra 100k in their pots on retirement.

They are effectively turning down a pay rise!

 

[Kompany Car]

View attachment 149287

Other than Tesla which most of the reputable fund managers are saying hold, many are saying Nvidia and various other tech stocks are moving into the strong buy territory.

 

[flook]

Today my ISA returned to the level it was at when Shitgibbon was elected in November, it's all downhill from here at least until someone slots the twat

 

[jrb]

 

[jrb]

I know somebody who is £45K down on their pension.

Just for a moment forget about making that back in the future.

£45K down in matter of weeks because of the perma-tan loon and his idiotic trade wars, which will only get worse.

 

[117 M34]

Today my ISA returned to the level it was at when Shitgibbon was elected in November, it's all downhill from here at least until someone slots the twat

My isa is lowest (in terms of returns) it's been for 6 months.

Am I correct I'm saying it wouldn't be a good idea to stop putting money in as I do monthly to stem the losses because I'd be getting stocks at cheaper prices so when they go back up, I'll make more?
Or should I stop my direct debit and limit how much I'm losing?

 

[Cheer Up Peter Reid]

Investing is a long term game, try not to get too concerned about short term corrections. For a bit of perspective, if you are invested in US/Global funds the S&P 500 (typical benchmark) is down about 9% from it's highs, but it's still up 9% over the last 12 months.

 

[decmancity]

I know somebody who is £45K down on their pension.

Just for a moment forget about making that back in the future.

£45K down in matter of weeks because of the perma-tan loon and his idiotic trade wars, which will only get worse.

I don't see how that is possible unless they were up to their eyeballs in stupid choices to begin with.

 

[Kompany Car]

My isa is lowest (in terms of returns) it's been for 6 months.

Am I correct I'm saying it wouldn't be a good idea to stop putting money in as I do monthly to stem the losses because I'd be getting stocks at cheaper prices so when they go back up, I'll make more?
Or should I stop my direct debit and limit how much I'm losing?

For reference, the shitly drawn circle furthest left is when everyone's head fell off and the 2008 financial crisis happened, the next circle is Covid, the third is the Russian invasion of Ukraine. With each of these events in less than 3yrs the Dow was back up to levels above their peak from before crises and a year after that were up substantially.

Pound averaging into the fund basically means you're flattening the volatility of the market, sometimes buying high and at times like this buying low.

Nobody can tell you what is the right or wrong thing to do but if its an investment that you cant or dont need to access for the next few years, in my opinion you would be better to just keep buying at a discounted price. This of course assumes that you are buying into a blended ETFs rather than individual equities.

 

[Kompany Car]

I don't see how that is possible unless they were up to their eyeballs in stupid choices to begin with.

It does depend on how much money you have in your pension.

 

[117 M34]

View attachment 149451

For reference, the shitly drawn circle furthest left is when everyone's head fell off and the 2008 financial crisis happened, the next circle is Covid, the third is the Russian invasion of Ukraine. With each of these events in less than 3yrs the Dow was back up to levels above their peak from before crises and a year after that were up substantially.

Pound averaging into the fund basically means you're flattening the volatility of the market, sometimes buying high and at times like this buying low.

Nobody can tell you what is the right or wrong thing to do but if its an investment that you cant or dont need to access for the next few years, in my opinion you would be better to just keep buying at a discounted price. This of course assumes that you are buying into a blended ETFs rather than individual equities.

Mine is a stocks and shares isa.
I don't actually think there is a way to know which shares have been purchased - not that I'd know which ones were good anyway

 

[Kompany Car]

Mine is a stocks and shares isa.
I don't actually think there is a way to know which shares have been purchased - not that I'd know which ones were good anyway

There will be a fund that its invested in, some are global, some are just developed economies, others are developing. They are just a mixture of hundreds of companies across different sectors.

If its with someone like Vanguard you can see the make up of the fund by going on a website like trustnet and downloading the fact sheet. An example being that the Vanguard global all cap has shares in over 5000 companies. So in that you will own full and fractional shares in everything from Amazon to Zenith, including Tesla which has tanked and Rolls Royce which is a star performer of late.

All global funds are about 60%+ weighted towards the American stock markets (Dow/Nasdaq) as they contain the largest number of high value bluechip companies. So what happens in the American markets has a disproportionate effect.