****ty life

Koolpc said:
Yep, 62 on the horizon in a couple of months....
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Just to clarify, you can open a LISA (soon to be modified into some other scheme. Any LISAs already started can continue) if you're under 60.
It matures when you reach 60.
 
Go for the council place.
--

I wouldn't be happy for you to go for a global equities index fund. Sure they do OK over time, but if the stock market crashed, you could lose a lot.

If you buy Global you're mostly buying US stocks, and ~40% of US stocks are in 10 companies.

"Bonds" generally are things based on people/companies paying interest on loans, most at more than inflation, so they aren't dependent on whether AI turns out to be a disaster or Trump gets more senile.

There are different grades of bond, with government stock at the safe end, down to "Junk bonds", which pay more unless there are a lot of defaults. Since the '08 crash, lending rules have tightened up a hell of a lot, so they're much safer.
Sterling Extra Yield Bind Funds ,Corporate Bonds, High Yield bonds, Strategic bonds, - it's a word soup - are in that (sort of) category and usually beat inflation handily. They can dip, but nowhere near as much as equities (shares).

I've had a look, and tight now ( as in, in 2026) none of them are doing well enough. You can get about 6%, but there are fees to pay which swallow say 1%.
You could look at Royal London Sterling Extra Yield Bond Fund, which does quite well, (10% up last year) but the war did reverse it .
That beats the building societies, but maybe not by enough for the fuss.
 
Justin Passing said:
Go for the council place.
--

I wouldn't be happy for you to go for a global equities index fund. Sure they do OK over time, but if the stock market crashed, you could lose a lot.

If you buy Global you're mostly buying US stocks, and ~40% of US stocks are in 10 companies.

"Bonds" generally are things based on people/companies paying interest on loans, most at more than inflation, so they aren't dependent on whether AI turns out to be a disaster or Trump gets more senile.

There are different grades of bond, with government stock at the safe end, down to "Junk bonds", which pay more unless there are a lot of defaults. Since the '08 crash, lending rules have tightened up a hell of a lot, so they're much safer.
Sterling Extra Yield Bind Funds ,Corporate Bonds, High Yield bonds, Strategic bonds, - it's a word soup - are in that (sort of) category and usually beat inflation handily. They can dip, but nowhere near as much as equities (shares).

I've had a look, and tight now ( as in, in 2026) none of them are doing well enough. You can get about 6%, but there are fees to pay which swallow say 1%.
You could look at Royal London Sterling Extra Yield Bond Fund, which does quite well, (10% up last year) but the war did reverse it .
That beats the building societies, but maybe not by enough for the fuss.
Click to expand...
Thank you. I have a meeting later with the council regarding the flat.....if all goes ok, I could be moving in by this Friday. I would need to do some decorating etc first...

I won't look at investing as I haven't a clue about it all. I would hate to lose any money invested. I guess you have to be in a position where you accept that you may lose. I wouldn't be happy with that.
 
pete01 said:
If only he had a time machine.... :unsure:
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It would be a dreadful waste to go back to under 60, just to open a LISA. :rolleyes:

He'd be better off investing his meagre savings into perfecting it, doing an IPO, ensuring the machine is properly patented, writing a book on his travels, selling his story, photos, picking last weeks lottery numbers, etc.
 
King Billy said:
It would be a dreadful waste to go back to under 60, just to open a LISA. :rolleyes:

He'd be better off investing his meagre savings into perfecting it, doing an IPO, ensuring the machine is properly patented, writing a book on his travels, selling his story, photos, picking last weeks lottery numbers, etc.
Click to expand...
Lol, thanks
 
King Billy said:
It would be a dreadful waste to go back to under 60, just to open a LISA. :rolleyes:

He'd be better off investing his meagre savings into perfecting it, doing an IPO, ensuring the machine is properly patented, writing a book on his travels, selling his story, photos, picking last weeks lottery numbers, etc.
Click to expand...
Or a grays sports almanac?
 
pete01 said:
Or a grays sports almanac?
Click to expand...
How totally selfish of you all. I would go back 30 years and give medical technology what we have now, ie heart foundation and cures for cancer. That's the type of guy that I am. Totally unselfish and amazing.
 
Highway Man said:
How totally selfish of you all. I would go back 30 years and give medical technology what we have now, ie heart foundation and cures for cancer. That's the type of guy that I am. Totally unselfish and amazing.
Click to expand...
You'd be locked up probably...where you gonna go who you gonna tell...

Wise up(TM)
 
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