holystove Posted May 18, 2018 Report Share Posted May 18, 2018 in the interest of balance, these two vids from the Leave side are also (unintentionally) hilarious https://youtu.be/QgPmJtlozuM Quote Link to comment Share on other sites More sharing options...
MikeO Posted May 20, 2018 Report Share Posted May 20, 2018 On 18/05/2018 at 11:30, holystove said: Someone made a "The Office" style mockumentary. Quite good. Very clever. Quote Link to comment Share on other sites More sharing options...
Sibdane Posted May 20, 2018 Report Share Posted May 20, 2018 I've finally made my decision. You all should stay in. I actually just wanted to see the voting results. Surprised by how split it is (realize I'm late on this). Quote Link to comment Share on other sites More sharing options...
rubecula Posted May 23, 2018 Report Share Posted May 23, 2018 just a quick question to the remain voters (honest question honest answers please) who transferred money from pounds to euros and back into pounds to make money? and id it work for you or did you lose out? Quote Link to comment Share on other sites More sharing options...
Palfy Posted May 23, 2018 Report Share Posted May 23, 2018 3 hours ago, rubecula said: just a quick question to the remain voters (honest question honest answers please) who transferred money from pounds to euros and back into pounds to make money? and id it work for you or did you lose out? I never didn't even consider it why do you ask that question. Quote Link to comment Share on other sites More sharing options...
rubecula Posted May 23, 2018 Report Share Posted May 23, 2018 1 hour ago, Palfy said: I never didn't even consider it why do you ask that question. I voted to leave and I have had a lot of stick for it, somebody told me I was wrong because the country was dying financially, and we were in the shit. I just wanted to know if this was true and this is te first way to find out how bad we are off. Quote Link to comment Share on other sites More sharing options...
MikeO Posted May 23, 2018 Report Share Posted May 23, 2018 I somewhat doubt your average TT member is a currency trader, and even if they were they're just as likely to speculate with US dollars or Japanese Yen. I don't see the connection between how you voted and international finance knowledge. Meanwhile, those who know a bit more than me.... http://www.bbc.co.uk/news/uk-politics-44229606 rubecula 1 Quote Link to comment Share on other sites More sharing options...
holystove Posted May 24, 2018 Report Share Posted May 24, 2018 14 hours ago, rubecula said: who transferred money from pounds to euros and back into pounds to make money? and id it work for you or did you lose out? I don't remember who it was, but one of the financial backers of Vote Leave made money by betting on a sharp drop in the value of the pound after June 23rd. I think his name was Crispin Odey. It's interesting to see what a lot of these Brexiteers think the financial consequences of Brexit will be by looking at what they do with their own money or what advice they give to their clients. (See John Redwood, etc). I'm not saying they don't think the financial hit is worth it (probably because they can stomach it). The point is they're lying to you because they know a lot of people voted brexit thinking it was the financially safer choice. Look at Mike's link. HMRC says the governments preferred customs plan will cost the UK economy 20 billion every year. Roughly comes down to 350 million a week. I'm betting leaving the Single Market will be a much bigger hit than 20 billion a year. Quote Link to comment Share on other sites More sharing options...
Bailey Posted May 24, 2018 Report Share Posted May 24, 2018 2 hours ago, holystove said: I don't remember who it was, but one of the financial backers of Vote Leave made money by betting on a sharp drop in the value of the pound after June 23rd. I think his name was Crispin Odey. It's interesting to see what a lot of these Brexiteers think the financial consequences of Brexit will be by looking at what they do with their own money or what advice they give to their clients. (See John Redwood, etc). I'm not saying they don't think the financial hit is worth it (probably because they can stomach it). The point is they're lying to you because they know a lot of people voted brexit thinking it was the financially safer choice. Look at Mike's link. HMRC says the governments preferred customs plan will cost the UK economy 20 billion every year. Roughly comes down to 350 million a week. I'm betting leaving the Single Market will be a much bigger hit than 20 billion a year. I always thought you were lying about this Brexit stuff and now I have the evidence... there is no way anyone can be called Crispin Odey holystove, rubecula and Sibdane 3 Quote Link to comment Share on other sites More sharing options...
rubecula Posted May 24, 2018 Report Share Posted May 24, 2018 15 hours ago, MikeO said: I somewhat doubt your average TT member is a currency trader, and even if they were they're just as likely to speculate with US dollars or Japanese Yen. I don't see the connection between how you voted and international finance knowledge. Meanwhile, those who know a bit more than me.... http://www.bbc.co.uk/news/uk-politics-44229606 if people are confident that staying in is better than leaving they would change currency back and forth to get something out of the deal, if they are not confident then they would not. hence the bit at the end of my previous statement. Quote Link to comment Share on other sites More sharing options...
Palfy Posted May 24, 2018 Report Share Posted May 24, 2018 14 minutes ago, rubecula said: if people are confident that staying in is better than leaving they would change currency back and forth to get something out of the deal, if they are not confident then they would not. hence the bit at the end of my previous statement. I would but all my money's been done in the last 18 months due to the out vote. In all honesty my shares and pensions have been booming, I'm starting to consider selling and freezing my pensions to protect myself from the inevitable recession. rubecula 1 Quote Link to comment Share on other sites More sharing options...
MikeO Posted May 24, 2018 Report Share Posted May 24, 2018 49 minutes ago, rubecula said: if people are confident that staying in is better than leaving they would change currency back and forth to get something out of the deal, if they are not confident then they would not. hence the bit at the end of my previous statement. You're assuming TT members have the vast sums in the bank that you'd need to make the exercise worthwhile and be daily financial times readers. I am actually lucky enough to have a decent lump in the bank due to an inheritance (as you know) but there's no way I'd gamble it on financial markets. Even the "experts" act on educated guesswork so anyone dabbling in the way you suggest would be certifiably insane. rubecula 1 Quote Link to comment Share on other sites More sharing options...
Palfy Posted May 24, 2018 Report Share Posted May 24, 2018 1 hour ago, MikeO said: You're assuming TT members have the vast sums in the bank that you'd need to make the exercise worthwhile and be daily financial times readers. I am actually lucky enough to have a decent lump in the bank due to an inheritance (as you know) but there's no way I'd gamble it on financial markets. Even the "experts" act on educated guesswork so anyone dabbling in the way you suggest would be certifiably insane. You can find a multitude of companies who in vest your money on Fed Ex money markets, looked at it but never taken a punt. But some big players have made millions if not billions by predicting a slump on the £ which have been well documented, it's basically been a run of the Bank of England and cost the country billions. Quote Link to comment Share on other sites More sharing options...
MikeO Posted May 24, 2018 Report Share Posted May 24, 2018 33 minutes ago, Palfy said: You can find a multitude of companies who in vest your money on Fed Ex money markets, looked at it but never taken a punt. I've looked at these https://www.nutmeg.com/ but likewise not the bottle to risk it; getting a pathetic 1.04% return at the moment but it's about the best I can find for instant unlimited access. Pension funds are another head fuck knowing what to do with them. Free advice to all the younger members on here, even if you're only 18 start a fund: I know retirement seems a million miles away but you'll be there in the blink of an eye. You want to live well in your dotage (and you will do)? Get sorted! Quote Link to comment Share on other sites More sharing options...
Palfy Posted May 24, 2018 Report Share Posted May 24, 2018 40 minutes ago, MikeO said: I've looked at these https://www.nutmeg.com/ but likewise not the bottle to risk it; getting a pathetic 1.04% return at the moment but it's about the best I can find for instant unlimited access. Pension funds are another head fuck knowing what to do with them. Free advice to all the younger members on here, even if you're only 18 start a fund: I know retirement seems a million miles away but you'll be there in the blink of an eye. You want to live well in your dotage (and you will do)? Get sorted! Great advice Mike when they come to retire it will be in the seventies and the government will not be in a position to pick up the tab. Quote Link to comment Share on other sites More sharing options...
rubecula Posted May 24, 2018 Report Share Posted May 24, 2018 my company pension will be less than 100 quid a month when I am 66 so I may take a lump sum but not got a clue what to do with it Quote Link to comment Share on other sites More sharing options...
johnh Posted May 24, 2018 Report Share Posted May 24, 2018 3 hours ago, MikeO said: You're assuming TT members have the vast sums in the bank that you'd need to make the exercise worthwhile and be daily financial times readers. I am actually lucky enough to have a decent lump in the bank due to an inheritance (as you know) but there's no way I'd gamble it on financial markets. Even the "experts" act on educated guesswork so anyone dabbling in the way you suggest would be certifiably insane. You can invest in low-risk equities. You may see 'steady' rather than 'meteoric' growth, but your investment is reasonably safe. The key is, to spend some time keeping abreast of market conditions. The 'disclaimer' tells the story. Shares can go down as well as up. I have a private pension fund, all invested in low risk equities and managed by a good outfit. On two occasions I have transferred the total fund out of equities and into cash. On both occasions I was fortunate to read the market correctly eg sold at 5 quid moved back in and bought at 3 quid. These two moves almost doubled the fund with no risk. Currently, I am in cash for the third time. MikeO 1 Quote Link to comment Share on other sites More sharing options...
MikeO Posted May 24, 2018 Report Share Posted May 24, 2018 15 minutes ago, rubecula said: my company pension will be less than 100 quid a month when I am 66 so I may take a lump sum but not got a clue what to do with it Take the lump sum and hide it under your bed Rubes, when you hit retirement you'll get benefits but if you have £100 a month coming in you'll get £100 less from the government. Small pensions (which is what I predominantly have) are worthless because you lose as much as you gain. Cash it in and enjoy it would be my advice. Matt and rubecula 2 Quote Link to comment Share on other sites More sharing options...
rubecula Posted May 24, 2018 Report Share Posted May 24, 2018 good stuff Mike thank you Quote Link to comment Share on other sites More sharing options...
johnh Posted May 24, 2018 Report Share Posted May 24, 2018 Yes Rubes, I agree with MikeO, take the cash. Annuity rates are so poor now that you are certainly not going to be worse off taking the cash. Not sure about putting it under the bed though! Quote Link to comment Share on other sites More sharing options...
rubecula Posted May 24, 2018 Report Share Posted May 24, 2018 1 hour ago, johnh said: Yes Rubes, I agree with MikeO, take the cash. Annuity rates are so poor now that you are certainly not going to be worse off taking the cash. Not sure about putting it under the bed though! thanks John Quote Link to comment Share on other sites More sharing options...
holystove Posted May 24, 2018 Report Share Posted May 24, 2018 7 hours ago, rubecula said: if people are confident that staying in is better than leaving they would change currency back and forth to get something out of the deal, if they are not confident then they would not. hence the bit at the end of my previous statement. Well even the brexiteers are doing (something like) that .. https://www.forbes.com/sites/francescoppola/2017/11/12/british-lawmaker-advises-investors-to-take-their-money-out-of-the-uk/amp/ The official term is 'disaster capitalism' . Quote Link to comment Share on other sites More sharing options...
Palfy Posted May 24, 2018 Report Share Posted May 24, 2018 3 hours ago, rubecula said: my company pension will be less than 100 quid a month when I am 66 so I may take a lump sum but not got a clue what to do with it Take the whole amount pay the tax and don't put it all in the Bank, I'm not sure what you are allowed to have in savings before it affects you making a full social claim I believe it's somewhere in the region of 9k, Mike is right a small company pension isn'tt worth keeping it can actually make you worse off than not having one. rubecula 1 Quote Link to comment Share on other sites More sharing options...
rubecula Posted May 24, 2018 Report Share Posted May 24, 2018 thanks for all the advice folks sorry I took the thread in an obtuse direction please go back to fighting over brexit Quote Link to comment Share on other sites More sharing options...
MikeO Posted May 25, 2018 Report Share Posted May 25, 2018 12 hours ago, Palfy said: I'm not sure what you are allowed to have in savings before it affects you making a full social claim I believe it's somewhere in the region of 9k, It's on a sliding scale between 8 & 16k. Between those two you can make a partial claim but once you're below 8 you qualify for the full amount. Quote Link to comment Share on other sites More sharing options...
EFC-Paul Posted May 26, 2018 Report Share Posted May 26, 2018 Fortunate to be part of the Railway pension scheme which in the realms of the average working man is not to be sniffed at Also put a small amount a month into BRASS which is a voluntary tax free investment scheme opted for low risk and will ramp it up as the years pass Ten years in at 33 hopefully another 22 and I'm out, max lump sum with a reduced monthly pension.....boats and hoes rubecula and MikeO 2 Quote Link to comment Share on other sites More sharing options...
Palfy Posted May 27, 2018 Report Share Posted May 27, 2018 18 hours ago, EFC-Paul said: Fortunate to be part of the Railway pension scheme which in the realms of the average working man is not to be sniffed at Also put a small amount a month into BRASS which is a voluntary tax free investment scheme opted for low risk and will ramp it up as the years pass Ten years in at 33 hopefully another 22 and I'm out, max lump sum with a reduced monthly pension.....boats and hoes Move to Thailand and live like a millionaire for the rest of your life EFC-Paul 1 Quote Link to comment Share on other sites More sharing options...
EFC-Paul Posted May 27, 2018 Report Share Posted May 27, 2018 2 hours ago, Palfy said: Move to Thailand and live like a millionaire for the rest of your life If only mate I won't get silly money tbh but as long as my kids have a house to sell/rent and enough to help with some of today's financial obstacles I'll be a happy man MikeO 1 Quote Link to comment Share on other sites More sharing options...
Palfy Posted May 27, 2018 Report Share Posted May 27, 2018 28 minutes ago, EFC-Paul said: If only mate I won't get silly money tbh but as long as my kids have a house to sell/rent and enough to help with some of today's financial obstacles I'll be a happy man Fair play mate hope it works out for you EFC-Paul 1 Quote Link to comment Share on other sites More sharing options...
MikeO Posted May 27, 2018 Report Share Posted May 27, 2018 3 hours ago, EFC-Paul said: If only mate I won't get silly money tbh but as long as my kids have a house to sell/rent and enough to help with some of today's financial obstacles I'll be a happy man Bugger the kids, they can look after themselves; we're going on loads of skiing holidays (spending kids inheritance). EFC-Paul 1 Quote Link to comment Share on other sites More sharing options...
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