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Retirement
- Thread starter Shieldsman
- Start date
Darlo1973
Striker
I can understand kids loving it as they won't care where they are as long as it isn't school but it is beyond my comprehension how staying in a tent or caravan for a week could be enjoyable for child-free adults
It is cheaper for time away. Down here there’s loads of couples and singles do it especially on the north coast. Surfers , walkers and out doorsy types enjoy it with bbqs, beers and everything you need near by . It’s quite easy to get away for about £25/night camping for a couple and if the things you enjoy doing don’t really matter if it rains then you’re onto a winner. I can’t get off the airbed quick enough for a slash now and the walk over a field for the bog did mean I pissed myself a bit in France a few years ago.
NYMackem
Striker
Owning one is possibly the least glamorous way to spunk tens of thousands of pounds, but a static caravan is a very comfortable place. Closer to being in a house than a tent, and hot as balls with the heating on.
Tuono
Winger
An Oasis bottle is your friend, I never go camping without one.
42
Striker
In Sunderland Band A with discount would be £83
Water, we're paying £45 for the 3 of us, so just the one person would be closer to £30 i reckon.
Gas & electric is about right.
Insurance, depending on area can be done for half that if its not too rough.
Car isnt essential, plenty of households do without. Hobbies can be free if you just enjoy something like going for walks & taking photos.
faith brothers
Striker
Fnaar fnaar
Similar question.
A lot of my DC fund is linked to the S&P 500.
If @Monty Pigeon is correct here:
1. What happens to the S&P 500 in this scenario (I can guess, but can someone spell it out please)?
2. What are alternatives to invest in (given that "when US sneezes the world catches a cold")?
Barista
Midfield
I don’t think things would go that far. Look what happened with the tariffs earlier in the year, he had to reduce them to a large extent when it looked like there were going to be issues with the US government bond (treasuries) market. The so called “bond vigilantes” had a quiet word with him and he was forced to scale them back.
Inflation is a killer for fixed interest bonds and would not be allowed to get that far out of control as too many rich and powerful people would have too much to lose.
In terms of your investments, then your equity portion should just be in a global tracker (which currently is made up of around 60% S&P 500). The proportion in equities vs cash/bonds will depend on your current circumstances and your risk appetite.
Shares are often considered to be too high, but if you cash out and sit on the sidelines then you could lose out as they continue to rise or stay at current levels. Also, if you did decide to sell up, then the difficult part is knowing at what level you buy back in. Say the market fell 20%, would you then buy back in, or would you think that things were going to get worse and hold off until that happens (or may never happen), and you then may be perpetually stuck on the sidelines waiting for things to crash further, and not sure whether to stick or twist.
It’s impossible to time the market, so just ensure you have a cash buffer to cover your expenses for at least 6 months if you are still working, or several years if you are retired. That way, if there was a crash you don’t have to sell shares at a depressed value and can wait until they recover.
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Thanks for your response and while a agree with the overall sentiment of the above, the application of tariffs initially knocked thousands off my pot and although it's slowly recovered it's essentially lost about 6 months of growth while Trump & close mates supposedly made billions.
A global tracker might be the way to go (despite being 60% S&P) for those(like myself) who are becoming increasingly concerned about the stability of the US economy.
Thanks.
Fletch
Striker
mine was about reducing from 80% equity down to 60% equity if looking to reture in the next six months (the missus... no) , whether should be looking to de-risk more as approach and start retirement
cosmicchris00
Striker
With 2 kids in further education and a third still at comp, I'm still a bit short of what I need to retire bearing in mind I'm still 8 yor off state pension age
Annoyingly a mate the same age is going soon so I'm waiting to hear how his figures work out on approximately the following:
£250k Pension DC
£150k ISA (mainly stocks)
£200k net inheritance due anytime now
He's expecting it to be a doddle but I'd say much of that depends on growth of capital
I could probably pool together nearly what he has without the inheritance if I downsize the house.
Anybody tried similar ?
Annoyingly a mate the same age is going soon so I'm waiting to hear how his figures work out on approximately the following:
£250k Pension DC
£150k ISA (mainly stocks)
£200k net inheritance due anytime now
He's expecting it to be a doddle but I'd say much of that depends on growth of capital
I could probably pool together nearly what he has without the inheritance if I downsize the house.
Anybody tried similar ?
dangermows
Striker
Most (not all) who live in 4 bed detached live in shite areas tbf as they are cheaper by comparison.
Be loads now, and that number will rise with each generation.
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I assumed it is something known i.e. second parent has died and just waiting on house sale.
I haven't assumed anything in my own calculations, me mam could end up in a care home, so not relying on a penny
Matt Hopkins
Winger
All depends on how much he plans to spend as to whether it'll be a doddle.
cosmicchris00
Striker
There's guidelines on what qualifies and in what category, i.e. minimum, average and good
Discussions we've had he fancies being in the better off category - which SOUNDS canny.
Matt Hopkins
Winger
Which is how much?
