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  1. I have lived nearly all my life in Balham, I was the last cohort to join a local Grammar School, it went comprehensive in my second year in the late 1970's. My dad's business took off in the early 1980's and we moved to a large house in the “toast rack” area, for what now would seem rediculously cheap from an exlocal authority flat. One of my best friend;s dad was a postman and he also bought a terrace smaller in Bracken Avenue , they now go for over a million. I bought near my dad a smaller 4 bed terrace in 1996. Since I was born all the exlocal's that were predominently white working class with some wind rush folk . Many maybe 50% ish were bought under the right to buy late 1980's Now they are occupied by a mix of people n benefit ,twenty someonethings renting from a buy to let and a few elderly folk who bought under the right to buy. When a house near me is sold now it goes to folk who I guess would normally have bought in SW7, SW3 who have really posh accents. Despite working in the city I still have a south London twang, or very often foreigners. Very different from the people who bought them when I was a child. The demographic is very different from when I was a child. You do get some young people buying often with BOMAD help but most seem to rent as they like the vibe here. Very few young people went out in Balham when I was a child now . Many do though I imagine the majority rent the exlocal stock. Balham had virtually no people in the type of jobs that pay significant money when I was a kid. Now it has lots of them the lower middle class/ working class white demographic has nearly dissapeared .
  2. Actually thanks to some advice I go on this forum I am with Hargreaves Lansdown with an ETF for my SIPP and I get the impression they have ISA'a at the moment but not a SIPP. I called them they said they may offer a SIPP next year but they do not currently do this so ISA yes SIPP no
  3. I will reply more sensibly when I get back after my fortnightly visit to Weatherspoons but all politicians tell great big porkies . When Vince Cambell was in the coalition he pointed out that it was only in the last 6 months of the labor government did the tax rate rise from 40% to 50% , most of the time the top rate was lower.
  4. Well I am a natural conservative voter returning to the fold after Brxit . The bookies have the conservatives as odds on to win , after that a coalition with parties that do not want Brexit and will do their best to stuff it up imho. I think the inheritance tax policy was "the right thing" and has lost votes , I think ending the triple lock and only allowing winter fuel payments for the less well off gain , "the right thing" . A bit one nation tory and reflective of a move to the centre ground . The only reason I can think off for a socialsist fighting for the right to pass on a £1million house to their kids is pure opportunism
  5. I think the above is spot on , I am aware that the odds on he winning have changed a lot but the spread bet companies still have the tories on about 366 seats so a majority of about 80 https://www.sportingindex.com/spread-betting/politics/british/group_b.ebb77a08-5cd6-4e69-9096-cdc826441491/uk-general-election-seats-markets
  6. In case what I said was less clear than mud if we brexit on world tariff terms out farmers and theirs would pay respectively to the EEC or else the UK excheckers . As we import a lot more the UK exchecker is the net beneficiary . In fact we generally run a deficit in most areas except for financial services I tend to believe in the fairly simplistic arguments that free trade benefits everyone both sides would want trade too be as free as possible, however a move to WTO would seem to hurt their exporters more than ours. I think their argument is that that hurt is spread over a large number of countries they quote 23 which seems disingenious the top 5 countries account for the vast majority of trade but 23 sounds larger I can see how they may wish to discourage others to leave but if you take the brexit negotiations in isolation as free ish a trade arrangement would suit both parties. I realise as I write this it can never be free trade as if for example we import argentian or USA beef we clearly can not reexport to the EU as we would no longer be in the customs union. Their argument seems to me will ensure that although both sides will hurt ours is spread over a number of countries and yours will be concentrated. But off course though we currently have free trade with europe we do not have it with the rest of the world.
  7. I am not really here for the brexit debate already lost one friend due to that. But I get the impression we import most of our food so on this issue surely european farmers end up paying more to HMRC then British farmers pay for exports? What we do with that surplus supporting out own farmers or not is then down to us
  8. Hi Wuldolf I feel a bit daft now but thanks very much for your comment it will be really useful to me. I currently have an HSB 250 FTSE tracker with Fidelity and with them you have the option of comparing the peformance of various funds ETF s etc So I compared the HSBC 250 tracker against the HSBC ftse 250 ETF You can choose the periods you compared and for five year or so the ETF is better not so for three months and I assume that s because there is a spread on the ETF so the benefit of the lower annual fee does not not make up for the bid / offer spread Ayways that was brilliiant advice I may transfer my pension provider to Hargreaves Lansdown as they cap the fees they charge at £300 per annum on an ETF Thanks again
  9. Thanks Wudolf at 0.1% I certainly would not bother I will need to investigate this I thought the 0.38% I was paying at Fidelity was reasonable So thanks again I am a bit sloshed at the moment but will look into this tomorrow and possibly transfer out of Fidelity to save 0.28% Well worth it thanks
  10. I am currently with Fidelity for my SIPP and ISA. Has anyone tried to replicate a tracker by buying individual shares , I never have but wonder if it is worth the saving or not worth the hastle? As I believe in strong market efficeincy I never try to pick shares and have always invested in trackers so far For example I currently have an HSBC FTSE 250 tracker with Fidelty that holds my SIPP It has performed a lot better than an "investment" in property would I pay a platform fee of 0.20% and then HSBC charge 0.18% so 0.38% in total. I remember way back in economics an exercise where it was shown with maybe 20 shares you could nearly replicate the FTSE 100 by buying shares in all the sectors, banking, prarmaceticals , oil mining etc Not totally but apart from things like the BP disaster in the gulf as the old shares move in sync up to a point you do not need to have shares in all of them. I suspect it would be harder with the FTSE 250 but has anyone ever tried / actually done this?
  11. If you are saying that it is better to have good health than bad health I agree as well, I am afraid the link you sent did not work for me
  12. yes someone with poor health could transfer out and get by buying an annuity do better I am not 100% sure what you are getting at ?
  13. I think someone with very poor health would do better buying an annuity and someone with very good health would do worse The FT had an article giving a breakeven point an it said unless the real return on investments were extremely low or you lived to a very great age you were better off transferring
  14. As I understand it if I were to buy an annuity the two sums would be about the same ie. the amount the pension fund pays you is equal to what they would pay to but the benefits so they do not care what you do. I believe this means when you take out an annuity the cash flow is the same a if you were to buy two seperate things bundled together in the annuity (1) index linked gilts yourself PLUS (2) A form of insurance that pays out more the longer you live I think Index linked gilts are way overvalued due to QE. As for the insurance element I can see that if I was likely to run out of money an annuity may be the way to go
  15. I have sent you a message with the name of the SIPP provided who told me they didnot need a positive recomendation only that I had taken advice Maybe you can check with them tomorrow to make sure I have understood them correctly
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