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R K

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Everything posted by R K

  1. To clarify, my response to your Q2 was a link also re Q3. i.e. To assist with your desire for education. Specifically re your options for your defined contribution pension. Pensionwise dont give "advice" only "information" about process & options. Unlike an IFA it is free. As I say, I recommend you visit site as part of you desired education & DYOR. I strongly suggest you dont listen to any advice on pensions on the internet. There was a main forum thread on it not so long ago and many of the posts were utter nonsense yet posted as fact. Re 25% tax free lump sum: - it depends on your circumstances, other taxable income, timing (early or NRD) etc. It isnt "taxable" as income because it is "tax free". Pensions are part "options" & "process" (legislation) which are similar for most people but then "personal" in the sense that eveyones situation is different. So you need to understand both aspects & make your own decisions.
  2. http://www.bbc.co.uk/news/business-36700080 Someone has been reading my sig. Nice!.
  3. You have that back to front. sub-forum far better than main forum.
  4. Thanks. Yes I understand different asset allocation models but that doesnt answer my questions. So, can you tell me what benefit that particular asset allocation has/d over any other model? Was there any significant performance difference if you omit gold or bonds? Or alter the % allocations? As you point out there is a hindsight bias in any model selection over last 40 years. Bonds were in a bull market. Buying 10 year bonds today at 1.5% or lower locks in a very low return for a long period. For some reason many people seem to not understand this but stick to the model regardless which is puzzling. Also it excludes property (say UK property)
  5. 1. State pension - info link https://www.gov.uk/new-state-pension (edit: new state pension link) The "payback" for buying prior years pension credit (my back of envelope calc - anyone else feel free to chip in) is around 3.5 years before basic rate tax deducted at your normal state retirement date. In other words, if you pay around £750 to buy 1 years additional pension credit after 3.5 years you will have been paid that back in additional pension (max pension £155 pw/35years = £4.42 pw = £230pa. After that youre in the money. Of course it assumes you live > 3.5 years after your normal state retirement date. So the rate of return on your c. £750 contribution is around 30% p.a. thereafter compared to nothing on bank savings & a natural yield on FTSE of around 3.5% p.a. In other words all else equal its a no-brainer & a nice hedge against longevity. 2. Private defined contribution pension https://www.pensionwise.gov.uk/ - give them a ring. Theyre incredibly helpful & it is free.
  6. Since Brits are currently EU citizens Im not exactly sure how it will be possible to remove everyones EU citizenship especially against the wishes of everyone who wants to remain an EU ctizen. In any event it seems like a no-brainer for EU to get around the problem by continuing to issue Brits EU citizenship even after any Brexit. I would be quite happy to have both a British passport & an EU one in future.
  7. Is there a petition I can sign to stop all this petition b0llux?
  8. Is there a petition I can sign to stop all this petition b0llux?
  9. So what are you going to do with the bits of paper if theres no on exchange trading? These arguments end up becoming circular
  10. Faisal Islam Verified account ‏@faisalislam So that's May and Gove saying no article 50 this calendar year - but not a guarantee of it next year either...
  11. Osborne desperate to avoid a recession on his watch. So abandons fiscal tightening & Carney likely to provide monetary stimulus. This is all with rates at 0.5%, sterling effective loosening and close to full employment. I predict a boom(let)
  12. Bingo bongo http://www.bbc.co.uk/news/business-36684452 Rather his target has abandoned him. Again.
  13. A Evans-Pritchard ‏@AmbroseEP Fed's Bullard last night. Referendum impact on US economy "statistically in the neighbourhood of zero".
  14. BoE response to my Q. Red Knight ‏@redknighttrader 1h1 hour ago . @bankofengland Will PRA be reviewing FSCS limit given depreciation recent in ££ & #Brexit decision to leave #EU? #FSCS #BoE 0 retweets 0 likes Bank of England ‏@bankofengland 4m4 minutes ago @redknighttrader The PRA's required by the EDGS to recalculate the FSCS limit every 5 years, last set July '15 see http://ow.ly/C9qI301PvtB http://www.bankofengland.co.uk/publications/Pages/news/2015/056.aspx So it is an EU directive.
  15. Explain why/evidence or dont post cr4p like this Errol. Why are they "inherently risky"? What risk? how have you quantified that risk? What academic research are you relying upon? If all you want to do is troll every thread that doesnt say "buy gold" then youre wasting everyones time including your own.
  16. What does that even mean? Do you have any evidence gold & gilts increase long term performance? If not, are you only interested in short term performance? Volatility? What problem are you attempting to solve? Re VMR & ETFS - Depends. Some are fully replicated with underlying. FTSE 100 for instance. Just like a unit trust/fund. Some use swaps against an index, hence counterparty risk. i.e. inverse, X2, commods etc.
  17. That was then This now. PRA need to review FSCS limit (imo) given sterling depreciation. Also, need to be clear on how it is impacted by Brexit.
  18. Evidence? Im all for being critical but if you want to assert something like that then back it up. Theres more than enough nonsense on here already without gratuitously adding to it.
  19. Chris Williamson ‏@WilliamsonChris Final eurozone #PMI 52.8 in June (Flash: 52.6, May Final: 51.5). Only #France in decline http://******/29a7I7S
  20. No US recession in Q1 or Q2. No recession imminent Q3 https://www.frbatlanta.org/cqer/research/gdpnow.aspx?panel=1 Latest forecast: 2.7 percent — June 29, 2016The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2016 is 2.7 percent on June 29, up from 2.6 percent on June 24. The forecast for second-quarter real consumer spending growth increased from 4.1 percent to 4.3 percent after this morning's personal income and outlays release from the U.S. Bureau of Economic Analysis. This was partly offset by a decline in the forecast of the second-quarter change in net exports in 2009 dollars from $14 billion to $11 billion after Monday's advance report on international trade in goods from the U.S. Census Bureau. The next GDPNow update is Friday, July 1. Please see the "Release Dates" tab below for a full list of upcoming releases.
  21. has anyone addressed the counterparty risk issue with ETFs within a SIPP? ETFs v funds ? ETFs domiciled in Ireland & Luxembourg? especially with Brexit/Article 50 looming Cash may be an issue in some cases (hl look to be very cash generative & carry no debt) but given the preponderance of ETFs, counterparty issues look a bigger risk (to me at least)
  22. These will be driven by much bigger decisions; by bigger plans that are being formulated by others Most interesting bit of his speech (to me)
  23. First ballot next Tuesday then Tuesdays/Thursdays until only 2 remain
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