St.Ricky Posted June 22, 2020 Report Share Posted June 22, 2020 I wonder how many on the forum fall into the various categories? Some have said that they had been furloughed. One or two that they were inactive. Quote Link to comment Share on other sites More sharing options...
St.Ricky Posted June 22, 2020 Author Report Share Posted June 22, 2020 Personally, I am furloughed and reduced my salary. I reduced my pension. My investment values have dropped as has investment income. A triple whammy. My two sons have furloughed staff but are working. Quote Link to comment Share on other sites More sharing options...
St.Ricky Posted June 22, 2020 Author Report Share Posted June 22, 2020 (edited) 7 minutes ago, Yflab said: I am glad to say that my investments are already higher than the peak in February. I don’t use a “financial advisor/salesman” or active funds as imo they are a drag on returns with their fees. I was just lazy. Mind you, the fact that it took a month for the transfers of my wife's and my own Isas to go through lost us 20%gain on those funds. That's life Edited June 22, 2020 by St.Ricky Quote Link to comment Share on other sites More sharing options...
St.Ricky Posted June 22, 2020 Author Report Share Posted June 22, 2020 1 minute ago, Yflab said: Probably cost you thousands and thousands of pounds. Depending on the value of your investments it could be hundreds of thousands over your lifetime, I can’t believe that in this day and age that people spend more time researching the latest phone or holiday destination than they do for their pensions. Madness. One Step Beyond...... Got to agree. Quote Link to comment Share on other sites More sharing options...
oaksoft Posted June 22, 2020 Report Share Posted June 22, 2020 (edited) 3 minutes ago, Yflab said: Probably cost you thousands and thousands of pounds. Depending on the value of your investments it could be hundreds of thousands over your lifetime, I can’t believe that in this day and age that people spend more time researching the latest phone or holiday destination than they do for their pensions. Madness. One Step Beyond...... Yeah but life is also too short to be obsessing over money bud. It's also too short to be overly worrying about pensions because we might not even live that long. State pension and some savings will do me. If need be there's a house to sell. Edited June 22, 2020 by oaksoft Quote Link to comment Share on other sites More sharing options...
St.Ricky Posted June 22, 2020 Author Report Share Posted June 22, 2020 (edited) 7 minutes ago, oaksoft said: Yeah but life is also too short to be obsessing over money bud. It's also too short to be overly worrying about pensions because we might not even live that long. State pension and some savings will do me. If need be there's a house to sell. Do I give the impression that I am worried about it? I agree with YF that not enough people plan. I have. You are then discussing how active you want to be. I'm not interested in being as active as I could be but happy to acknowledge that this has cost me money. Money in itself hasn't motivated me for the last 40 years. Before that, it did. Think Maslow. Edited June 22, 2020 by St.Ricky Quote Link to comment Share on other sites More sharing options...
oaksoft Posted June 22, 2020 Report Share Posted June 22, 2020 4 minutes ago, Yflab said: It takes me 30minutes once a month to do our finances, I’d hardly call that obsessing. To robustly assess investment opportunities? Presumably you are investing in shares using your own judgment? Quote Link to comment Share on other sites More sharing options...
St.Ricky Posted June 22, 2020 Author Report Share Posted June 22, 2020 (edited) Since I have a finance and business background then that would be possible. I just can't be bothered even for the 30 minutes or less it migh take. There are a number of decent apps one could use. So yes.. I'm sure YF could. Edited June 22, 2020 by St.Ricky Quote Link to comment Share on other sites More sharing options...
St.Ricky Posted June 22, 2020 Author Report Share Posted June 22, 2020 Just to pick on on Oaksoft's comment on death before.. Or even during.. Pension time. I made the decision to make sure that my fund would pass to my family and not dissappear into the ether. Doesn't suit everybody, but it suits me. Quote Link to comment Share on other sites More sharing options...
ALBIONSAINT Posted June 22, 2020 Report Share Posted June 22, 2020 1 hour ago, oaksoft said: To robustly assess investment opportunities? Presumably you are investing in shares using your own judgment? Yup, any day now. Can’t wait to cash in on the Betamax revival Quote Link to comment Share on other sites More sharing options...
portmahomack saint Posted June 22, 2020 Report Share Posted June 22, 2020 1 hour ago, Yflab said: It takes me 30minutes once a month to do our finances, I’d hardly call that obsessing. Can you do anything for me flab's ? Don't have a private pension, have about £450 in the bank, £150 once i buy my season ticket, Due to retire in 4 year and still got 5 year on my mortgage ! Have I left it too late Quote Link to comment Share on other sites More sharing options...
faraway saint Posted June 22, 2020 Report Share Posted June 22, 2020 2 minutes ago, portmahomack saint said: Can you do anything for me flab's ? Don't have a private pension, have about £450 in the bank, £150 once i buy my season ticket, Due to retire in 4 year and still got 5 year on my mortgage ! Have I left it too late Don't be planning any exotic holidays in the future. 😉 Quote Link to comment Share on other sites More sharing options...
ALBIONSAINT Posted June 22, 2020 Report Share Posted June 22, 2020 I am out of here. This is starting to feel like a meeting of the Bullingdon club 😂 Quote Link to comment Share on other sites More sharing options...
portmahomack saint Posted June 22, 2020 Report Share Posted June 22, 2020 2 minutes ago, faraway saint said: Don't be planning any exotic holidays in the future. 😉 Just had a wake up call need to start thinking of the future, last weekend was my last party, here's a wee clip of it the wife took Quote Link to comment Share on other sites More sharing options...
faraway saint Posted June 22, 2020 Report Share Posted June 22, 2020 1 minute ago, portmahomack saint said: Just had a wake up call need to start thinking of the future, last weekend was my last party, here's a wee clip of it the wife took Still got it. 👍 Unfortunately I don't think for much longer. ☹️ Quote Link to comment Share on other sites More sharing options...
faraway saint Posted June 22, 2020 Report Share Posted June 22, 2020 1 minute ago, Yflab said: I’m happy to help any Saints fans. In your case I’d suggest you give @Oaksoft the spare £300 as he sounds down on his luck. He will be able to provide you with free toilet rolls for life. He's no got £300 left, ya 🎺. 😂😂😂 Quote Link to comment Share on other sites More sharing options...
St.Ricky Posted June 22, 2020 Author Report Share Posted June 22, 2020 53 minutes ago, ALBIONSAINT said: I am out of here. This is starting to feel like a meeting of the Bullingdon club 😂 No way. Quote Link to comment Share on other sites More sharing options...
oaksoft Posted June 22, 2020 Report Share Posted June 22, 2020 (edited) 3 hours ago, Yflab said: I do own technology shares through discounted work schemes, but our main investments are in low cost global tracker funds (75%) and bonds (25%). My wife could easily retire at 55 if she chose to due to the decisions we have made with any “independent (ha ha) financial advice”. If you want to know more about the investment strategy I’d recommend this book https://www.amazon.co.uk/Simple-Path-Wealth-financial-independence-ebook/dp/B01H97OQY2/ Although it’s based on the American market, the main themes are sound. Another book that should be made mandatory reading in schools would be https://www.amazon.co.uk/Meaningful-Money-Handbook-Everything-everything/dp/0857196510/ Retiring at 55? Brrrrrr. Not for me. ETA. My wife has just reminded me that we have two ISA portfolios which have been running for years and which we'll leave till retirement, and a couple of mortgage endowments which are due to payout this year despite the mortgage being paid off a while ago. Forgot all about those. 🤣 Maybe I'll be able to retire this year after all. I'm only 50 though so it's a bit early for wearing slippers and reading newspapers all day. Edited June 22, 2020 by oaksoft Quote Link to comment Share on other sites More sharing options...
oaksoft Posted June 22, 2020 Report Share Posted June 22, 2020 2 hours ago, Yflab said: I might be good at investing, but I’m shite at maths. I’m only focused on compound interest which Einstein described as the eighth wonder of the world, but Dr @oaksoft should know that already. In my defence I thought the cost of his Season Ticket was £150. Doh! I think what's worse is that you think he can give me £150 and with that sound investment, solve my financial problems AND get a lifetime's supply of toilet paper. 🤣 Quote Link to comment Share on other sites More sharing options...
oaksoft Posted June 22, 2020 Report Share Posted June 22, 2020 (edited) 2 minutes ago, Yflab said: So what you are telling us is that your wife is the financial brains and your biggest responsibility is making sure you don’t run out of bog roll? Don't you start judgng me...... Yes though. She looks after the money. My job is to make her dinner and look pretty. Edited June 22, 2020 by oaksoft Quote Link to comment Share on other sites More sharing options...
St.Ricky Posted June 22, 2020 Author Report Share Posted June 22, 2020 44 minutes ago, oaksoft said: I think what's worse is that you think he can give me £150 and with that sound investment, solve my financial problems AND get a lifetime's supply of toilet paper. 🤣 Don't exaggerate. Where can anyone get a lifetime supply of toilet paper....... Quote Link to comment Share on other sites More sharing options...
Fricky-Troll Posted June 22, 2020 Report Share Posted June 22, 2020 Can you do anything for me flab's ? Don't have a private pension, have about £450 in the bank, £150 once i buy my season ticket, Due to retire in 4 year and still got 5 year on my mortgage ! Have I left it too late No, not too late , use the remaining £150 for a tent & mini cooker & we’ll find you a tenant for your house & you can live off the income [emoji23] minus the handling fee Quote Link to comment Share on other sites More sharing options...
St.Ricky Posted June 22, 2020 Author Report Share Posted June 22, 2020 4 minutes ago, Yflab said: https://www.theguardian.com/lifeandstyle/2019/feb/23/400-toilet-rolls-how-feels-win-lifetime-supply Love it... Ask a silly question Quote Link to comment Share on other sites More sharing options...
ALBIONSAINT Posted June 22, 2020 Report Share Posted June 22, 2020 1 hour ago, oaksoft said: Retiring at 55? Brrrrrr. Not for me. ETA. My wife has just reminded me that we have two ISA portfolios which have been running for years and which we'll leave till retirement, and a couple of mortgage endowments which are due to payout this year despite the mortgage being paid off a while ago. Forgot all about those. 🤣 Maybe I'll be able to retire this year after all. I'm only 50 though so it's a bit early for wearing slippers and reading newspapers all day. Throw in a trip to the pub and you might just persuade me. Quote Link to comment Share on other sites More sharing options...
oaksoft Posted June 22, 2020 Report Share Posted June 22, 2020 1 hour ago, Yflab said: And it's her preference that when she comes in the door this is literally ALL I am wearing. Quote Link to comment Share on other sites More sharing options...
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