****ty life

[kingandy2nd]

Right, well........council flat is back on the agenda! Will know on Friday if my life is going to go in a positive direction or not!!

Your life can go in a positive direction irrespective of Friday matey

 

[Old Salt]

good luck

 

[motorbiking]

Right, well........council flat is back on the agenda! Will know on Friday if my life is going to go in a positive direction or not!!

good luck

 

[Koolpc]

Thanks guys....will see on Friday.

 

[Justin Passing]

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.

That's why I suggested not bothering, just use the best rate things like everyone else. But if there was a big difference between what a "safe" fund would get you and a bldg soc, then it would be worth learning a little.
It's perfectly possible to use types of Bond, and approaches, where your drop would only be tiny and a small fraction of what you'd gained.
This was one: the grey trace one being the whole stockmarket (S&P500) and the upper blue one a managed bond, with Building society returns the low two:

Harder now that interest rates have dropped, See how the top one has gone pretty flat. But rates may notch up again so - keep asking.

I have a little more than doubled my investment, with a bond, in 12 years.

That's about 6% compounded, which isn't bad.
A I these days is good for wondering about what-ifs. You can ask it what happens if you do xyz.
Then you could spit your investment perhaps.
If you'd got up to +70% you wouldn't be bothered by that little wiggle.

There are also DIvidend options you can use.
If your money's in a SIPP it's a way to get some money out, tax free
eg in 12 months to date:
HSBC has produced 4% dividends, while the stock itself went up 75%
Aviva (insurers) paid out 6.25%, while going up 25%.
These aren't fly-by-night companies, so you can see the attraction.
Even if the stock itself does dip, you still get the dividend.

It's not hard to find those.

 

[Koolpc]

That's why I suggested not bothering, just use the best rate things like everyone else. But if there was a big difference between what a "safe" fund would get you and a bldg soc, then it would be worth learning a little.
It's perfectly possible to use types of Bond, and approaches, where your drop would only be tiny and a small fraction of what you'd gained.
This was one: the grey trace one being the whole stockmarket (S&P500) and the upper blue one a managed bond, with Building society returns the low two:
View attachment 412759

Harder now that interest rates have dropped, See how the top one has gone pretty flat. But rates may notch up again so - keep asking.


That's about 6% compounded, which isn't bad.
A I these days is good for wondering about what-ifs. You can ask it what happens if you do xyz.
Then you could spit your investment perhaps.
If you'd got up to +70% you wouldn't be bothered by that little wiggle.

There are also DIvidend options you can use.
If your money's in a SIPP it's a way to get some money out, tax free
eg in 12 months to date:
HSBC has produced 4% dividends, while the stock itself went up 75%
Aviva (insurers) paid out 6.25%, while going up 25%.
These aren't fly-by-night companies, so you can see the attraction.
Even if the stock itself does dip, you still get the dividend.

It's not hard to find those.

Thank you....good explanation....appreciated

 

[motorbiking]

Also as previously mentioned, the government will top up the SIPP 20%.

 

[fillyboy]

Thanks guys....will see on Friday.

You haven't said anything about a housewarming party?