Retirement

[Swindon On Tour]

Hardly moved

Just looked - thanks

 

[archiesdad]

Hardly moved

I'm about 20k down in last 10 days, I'm gonna stop looking

 

[Matt Hopkins]

I'm about 20k down in last 10 days, I'm gonna stop looking

Must have a canny bit invested then or high risk stuff

 

[a1970man]

I'm about 20k down in last 10 days, I'm gonna stop looking

Same here, still well up on the year though. Just angry that it was all ticking along and he's just caused me to lose everything I've gained in the last few months.
Last time he did this, about a year ago, with all this stupid tariff crap it responded well a couple of weeks later, I'm hoping for the same.

My only hope is that Iran is just about out of missiles now and they'll surrender.
I only think he got involved to take attention away from his numerous appearances in the Epstein files.

 

[archiesdad]

Same here, still well up on the year though. Just angry that it was all ticking along and he's just caused me to lose everything I've gained in the last few months.
Last time he did this, about a year ago, with all this stupid tariff crap it responded well a couple of weeks later, I'm hoping for the same.

My only hope is that Iran is just about out of missiles now and they'll surrender.
I only think he got involved to take attention away from his numerous appearances in the Epstein files.

I retired last week, not exactly perfect timing

 

[Swindon On Tour]

I retired last week, not exactly perfect timing

Just sit tight.
It will recover.

 

[kladum]

Ha ok mate will try,
I no expert but here goes say you have 100k in a Post Office ISA @ 3% return you would get £3k per year interest happy days.
But the Post Office are not daft they will have your 100k invested somewhere and they are getting a much bigger return on it yet they only pay you 3%, that is the privilege of using there product they are making money out of your money if that makes sense.
So everyone who uses a bank or building society is paying one way or the other.

Yes mate
I also got Vanguard LS 80% & 60% both doing well, really easy to use there products and website, and no doubt I will eventually move more across and manage myself, but everyone’s circumstances are different, especially when retiring and taking your work pension, the pension lump sum and the redundancy, I really didn’t want to cock it up,
and getting the tax back I did kind of proved my point, of a good decision to speak with a IFA.

I think the problem with that analogy is that your pension advisor takes his cut (1% for argument sake) then puts the rest into the post office ISA, so you end up paying twice.

You are only better off if the advisor knows of a different ISA you hadn't heard of that pays more than 4% and puts your money there

 

[Matt Hopkins]

I think the problem with that analogy is that your pension advisor takes his cut (1% for argument sake) then puts the rest into the post office ISA, so you end up paying twice.

You are only better off if the advisor knows of a different ISA you hadn't heard of that pays more than 4% and puts your money there

Yep couldn't have put it better I was just going to say ok mate

 

[42]

I'm about 20k down in last 10 days, I'm gonna stop looking

Mines basically down this month what I gained last month. Still 15% up on last 12 months.

 

[Darlo1973]

I'm about 20k down in last 10 days, I'm gonna stop looking

Around £15k down across pensions and ISAs. Similar to what happened last spring with Trump's tariff announcements but that didn't last long. Hopefully he will get bored of this and move into something else soon.

Surely his investment mates can't be happy about losing so much. It is it all an insider trading scam?

Bitcoin is up a bit though!

 

[Johnny Alpha]

Pension covers day to day expenses, lump sum and savings pay for stuff like holidays, one off larger purchases and to top up pension in an expensive month until state pension kicks in

That’s how I’m set up too. I only dig into the lump sum if I have to.

I’m learning that if I can’t afford it, I can’t have it as I’m done with car PCPs, using credit cards for expensive and unnecessary shite etc. as now my “salary” isn’t what it was. I’m by no means deprived at all (depraved perhaps but that’s a different thing) and I get by no problem. It’s actually quite liberating in a way knowing that I’m living well within my day-to-day means for the first time in my life.

As long as the two key things are bought and paid for, the house and the car, everything else is discretionary.

Just looked - thanks

Braver than me - I don’t dare.

 

[fin]

I'm about 20k down in last 10 days, I'm gonna stop looking

I converted 95% of my Vanguard ETFs to cash on Sunday night, completely against my rule of letting things ride out. Now sitting here not knowing when to re-buy what I had and wishing I'd just left it alone

 

[cosmicchris00]

A lad at work bought about £10,000 worth of gold about a year ago. He actually bought a physical ingot of gold that he stashed away somewhere safe. I didn't even think it was possible to buy an actual ingot of gold as an investment. If I had an ingot the last thing I would be doing is telling people about it even if they are your mates.

I was at my mates house when his 1st kilo arrived.

"What are you gonna do now?"

"Bury it in the garden"

He's since bought another and also taken out the deposit box option, i'm pleased to say

 

[42]

I converted 95% of my Vanguard ETFs to cash on Sunday night, completely against my rule of letting things ride out. Now sitting here not knowing when to re-buy what I had and wishing I'd just left it alone

Even if you get back in on Monday, youll be up a decent bit in terms of units owned. It may drop further, it may not but youd still be up on what you originally had.

 

[Select coaches]

I was at my mates house when his 1st kilo arrived.

"What are you gonna do now?"

"Bury it in the garden"

He's since bought another and also taken out the deposit box option, i'm pleased to say

A kilo is worth well over a £100k, and he buried it in the garden?

 

[cosmicchris00]

A kilo is worth well over a £100k, and he buried it in the garden?

It was £47k when he bought it.

We had the discussion about how safe it was in his garden - TBF he lives in the middle of f-ing nowhere.

"You've told me, who else?"

That preyed on his mind a bit so he eventually dug it up and put it in a box

 

[Petesafc]

Anybody pushed the button retired and not bothered with an IFA ?

I did, but 2 month later after talking to a friend who was an ex IFA I bit the bullet, suppose depending on circumstances it can go either way but was definitely the right move for me, especially with tracking down and merging really old pensions and advising on tax and drawdown. Main thing is it gave me confidence I’d done the right thing .

 

[archiesdad]

Around £15k down across pensions and ISAs. Similar to what happened last spring with Trump's tariff announcements but that didn't last long. Hopefully he will get bored of this and move into something else soon.

Surely his investment mates can't be happy about losing so much. It is it all an insider trading scam?

Bitcoin is up a bit though!

22800, I took the time to actually check it properly.

 

[Ned Land]

I converted 95% of my Vanguard ETFs to cash on Sunday night, completely against my rule of letting things ride out. Now sitting here not knowing when to re-buy what I had and wishing I'd just left it alone

John Bogle (founder of vanguard) advised “Don’t do anything, just stand there”.

It’s slightly less concerning if you’re still accumulating regularly.

Around £15k down across pensions and ISAs. Similar to what happened last spring with Trump's tariff announcements but that didn't last long. Hopefully he will get bored of this and move into something else soon.

Surely his investment mates can't be happy about losing so much. It is it all an insider trading scam?

Bitcoin is up a bit though!

Trump is either insane or rigging this turbulence for the benefit of the big boys.

Russia invades Ukraine, we then import LPG from Qatar, then that supply is hindered.

Tariffs and ridiculous trading arguments could be avoided.

International rule of law, security pacts, military support all scuppered.

 

[Darlo1973]

I converted 95% of my Vanguard ETFs to cash on Sunday night, completely against my rule of letting things ride out. Now sitting here not knowing when to re-buy what I had and wishing I'd just left it alone

I'm in the middle of transferring a SIPP from HL to II so it's currently sitting in cash. Perhaps good timing on my part otherwise I would be more down than I am.