Savings

[Johnny Mars Bar]

Labour for you - work hard, plan, save, take risks and they will come in and penalise you more for it.

Spoken like the knee-jerk idiot you are.

 

[Johnny Mars Bar]

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.

 

[west didsblue]

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.

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.

 

[Johnny Mars Bar]

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.

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.

 

[west didsblue]

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 !

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.

 

[west didsblue]

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.

Agree with your first paragraph. Whether you follow your second paragraph should depend on your situation in 20 years.

 

[kaz7]

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.

Thank you

 

[SamTheGuru]

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.

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.

 

[west didsblue]

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.

Much better to vote for the party of Johnson, Truss and Brexit.

Was 14 years of fucking up the country not enough for you?

 

[SamTheGuru]

Much better to vote for the party of Johnson, Truss and Brexit.

Was 14 years of fucking up the country not enough for you?

To be fair, nobody voted for Truss, and Brexit was a referendum that was stupidly brought forward.