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Retirement


Shack said:
Not if this war goes on longer.
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A lad at work is the self-elected investment guru. He means well but some of the conversations that I’ve overheard are scary.

He’s convinced a few people to open S&S ISAs and one is considering a £20k lump sum investment.
 
Ned Land said:
A lad at work is the self-elected investment guru. He means well but some of the conversations that I’ve overheard are scary.

He’s convinced a few people to open S&S ISAs and one is considering a £20k lump sum investment.
Click to expand...
None of us plebs will ever truly know when the best time to invest is. Your best bet is to put your money in and leave it for 5-10 years. If you're trying to time the dip good luck with that and hitting where the bottom is. I actually switched mine out of Vanguard Lifestyle 80 at the start of the year into Short Term Money Markets as I realised I'm not far short of earning enough to live on with those smaller (and safer) returns even though I've been lucky with the stock markets in the many years to this point. I was thinking I may buy back in if there was some major dip in the future (not expecting a war to initiate it!). Will see how this plays out.
 
Shack said:
None of us plebs will ever truly know when the best time to invest is. Your best bet is to put your money in and leave it for 5-10 years. If you're trying to time the dip good luck with that and hitting where the bottom is. I actually switched mine out of Vanguard Lifestyle 80 at the start of the year into Short Term Money Markets as I realised I'm not far short of earning enough to live on with those smaller (and safer) returns even though I've been lucky with the stock markets in the many years to this point. I was thinking I may buy back in if there was some major dip in the future (not expecting a war to initiate it!). Will see how this plays out.
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It wasn’t so much about timing but as you know if you offer advice then you need to consider cash savings, investment aims, attitude to risk, timescales etc. This fella is getting people to create accounts while he’s standing next to them and they’re buying whatever takes their fancy.
 
Ned Land said:
It wasn’t so much about timing but as you know if you offer advice then you need to consider cash savings, investment aims, attitude to risk, timescales etc. This fella is getting people to create accounts while he’s standing next to them and they’re buying whatever takes their fancy.
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Yep, many things to consider. I guess it's typical of the internet age, everyone's an expert! Scary that's someone would offer advice like that and people would act on it. Will he be around when it goes tits up?!
 
Shack said:
Yep, many things to consider. I guess it's typical of the internet age, everyone's an expert! Scary that's someone would offer advice like that and people would act on it. Will he be around when it goes tits up?!
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It could be interesting if/when people lose money.
 
Ned Land said:
It could be interesting if/when people lose money.
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If the lad is a gobshite in my experience he'll not give a shite if people end up putting money in places that aren't suitable for them. He'll just convince them that he did say they could lose money.
As an aside some people on here who are talking about big losses this week should maybe look at the percentage drop and not the actual monetary drop if it's keeping them awake at night 👍
 
Matt Hopkins said:
If the lad is a gobshite in my experience he'll not give a shite if people end up putting money in places that aren't suitable for them. He'll just convince them that he did say they could lose money.
As an aside some people on here who are talking about big losses this week should maybe look at the percentage drop and not the actual monetary drop if it's keeping them awake at night 👍
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Cant see any point in fretting over markets going up and down . Yeah if its critical thing for something you're about to do but everyday funds you have. What's the point in being upset. Its down, then up ,then down a bit . Such is life
 
Ned Land said:
A lad at work is the self-elected investment guru. He means well but some of the conversations that I’ve overheard are scary.

He’s convinced a few people to open S&S ISAs and one is considering a £20k lump sum investment.
Click to expand...

Might be a good idea for some people. Might be a bad idea for others.

If you have £20k and don't need it for at least 5-10 years then go ahead. If it's your life savings and you need instant access to it then don't don't.

I know a lad who got conned into putting money into one of those investment scams where they keep reporting impressive growth and encourage you to invest more but then tell you that you can't withdraw the money.
 
Looking at going when next year but want it to be couple months later than my birthday, is that poosible? Soz if its a daft question
Want to hang on so they pay bonuses out
 
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