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About optique

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    HPC Newbie
  1. Likely to be the same as this? Doesn't look great.
  2. This strategy possible achieves a slightly lower total expense ratio than just using the lowest-cost FTSE tracker personal pension from your friendly life insurance company, if your annual contributions are pretty substantial. But against that, it adds extra tracking error and requires a lot more time and effort to administer. Selecting which particular blue chip high yield stocks to buy is an extra hurdle: if you chose the Wolseleys, DSGs and Lloyds over the HSBCs, Vodafones and Tescos then your returns won't look too great. Plus the time to execute the trades as well. In fact, probably not to be recommended unless you are an investment professional already (as Noel is), which slightly defeats the point of a thread discussing the best pension strategies for laymen.
  3. Great quote. The rest of this thread has a complete lack of historical awareness. Middle class angst and fear of class extinction is entirely in character and as old as the middle class itself. Nothing that has been said here was not said better by novelists writing about the middle class over the last two hundred years. E.g. George Orwell's 1936 novel Keep the Aspidistra Flying (extracts below). The current predictions of middle class collapse are likely to be no more accurate than those made seventy years ago.
  4. That's the whole point -- you can't take away the fees. SIPPs have fees, each share trade has a fee, and these are much higher for one individual than when they are bought wholesale in a fund context.
  5. It is frustrating but it will only be resolved by prices eventually falling -- not by hordes of buyers coming out of the woodwork and deciding to pay 2007 prices after all. See this one: on the market since before Propertybee was invented, and still there thanks to pathetic overpricing. In fact this seller should consider suing their estate agent for bad advice. History 18 March 2009 * Price changed: from '£434,950' to '£424,950' [Found by n/a] 17 July 2008 * Price changed: from '£452,500' to '£434,950' 03 April 2008 * Price changed: from '£459,950' to '£452,500' [Found by Brickie] 13 February 2008 * Price changed: from '£464,950' to '£459,950' 08 February 2008 * Initial entry found. [Found by granville]
  6. Many on this thread saying that SIPPs are better than standard pension schemes because you can avoid paying commissions to incompetent fund managers and you will do a better job yourself. But no mention of the high charges on most SIPPs. Even the cheapest one, from Hargreaves Lansdown, charges about 60bp in annual fees up to £215 per annum as a minimum on everything except cash (on which they pay interest at below base rate). In addition, they charge cash dealing fees for each trade that will translate into a huge round-trip expense ratio for most customers and most portfolios. As for getting better performance from your own stockpicking than the investment professionals manage. If this is true then presumably you are swamped by requests from Fidelity, New Star etc to come and work for them as a fund manager to replace their current incompetents. If not why not?
  7. A rights issue, six further closures and more headcount reductions announced today at refractories company Cookson. Sounds like they took on too much debt in the good years. Hope this does not affect any HPCer directly. http://www.cooksongroup.co.uk/cookson/uplo...ssue_290109.pdf
  8. Seems like someone is unhappy about receiving cheeky offers. According to Property Bee, the listing below has just switched from '£650k' to 'Offers in Excess of £650k'. This is perhaps ambitious given that the all-time ceiling price for that street was £620k in October 2007, and the property backs directly onto the East Coast Main Line in a less salubrious corner of Finsbury Park. Dare someone to offer £400k just for fun. http://www.rightmove.co.uk/property-for-sa...y-22453037.html History date event 19 January 2009 * Price changed: from '£649,950' to 'Offers in Excess of £649,950' 02 August 2008 * Brief Description changed: £500 LEGAL FEE FEES CONTRIBUTION APPLIES TO THIS PROPERTY. OFFERED BY BAIRSTOW EVES. A great opportunity to acquire this substantial freehold house located in the heart of Finsbury Park. Arranged over three floors and offering a 30ft garden, this generous house in need of modernization and holds great development potential. 27 July 2008 * Initial entry found.
  9. This guy's not really foreign -- was born in Britain and wrote for the Economist. http://www.telegraph.co.uk/finance/markets...ime-crisis.html
  10. Sounds like bad news for London and south east properties in particular. Should hit anything over about £500k. http://www.ft.com/cms/s/0/b9cb50c2-8bf2-11...d18c,s01=1.html
  11. You're on the money there. Average specs are still higher in UK, at least regarding the cosmetic / luxury items you mention. This obviously costs more compared to a stripped-down model. On the other hand, safety standards on cars here are lower than the continent. Few models here come with electronic stability control as standard, a proven life-saver, whereas in Germany even small and entry-level cars get it because they insist on it. Bottom line, it's a highly competitive industry, so we get what we ask for. And in UK cars are all about status.
  12. That's only about 8 years out of date http://www.timesonline.co.uk/tol/driving/article1153387.ece
  13. On certain sales they will lose money. In other cases a mug punter will pay full price without haggling the standard discount (at least £1,500 for the car you mention) and they'll make loads from it. But on average, the margins are wafer-thin. E.g. sell £5 billion worth of cars and make just £100m profit.
  14. That's spectacularly inaccurate. Margins for car dealers are miniscule. E.g. Pendragon and Lookers, two of the biggest in the country, made margins of 0.5% and 2.5% before interest and tax. Cut the price on a new £20k Toyota by just an extra £500 and they'd be selling it at a loss.
  15. Even this is staggeringly wrong. In the typical large company, more like 1-2% will pull in over £35k. 80% of individuals will be on under £20k. Just look at the major employers in the FTSE 100. Whether it's Tesco and all the supermarkets, Compass Group or Capita and the other outsourcers, pub companies, phone companies or even the retail banks and insurers -- armies of workers on minimum wage and minimum-wage-plus-2-quid-an-hour and salaried functionaries on sub-£16k no matter which way you look.
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