How to Start a Pension in the Face of Economic Armaggedon
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The good things about other investments is it further diversifies your money. The bag thing is that other people will be making more money off your money then when you directly invest yourself. If I was a fund manager I'd take everyone's cash at 1%, pretend I was investing in specialist areas like medical but secretly just stick in in a tracker."Plus he wore shorts like a total cunt" - Bob
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I trust your judgement, can you please post a url of where I can enter muh moniez.
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It's all in this thread."Plus he wore shorts like a total cunt" - Bob
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To be absolutely clear, it's not really about trusting my judgement. It's about understanding what you're actually doing. What we are doing is investing in say, the top 500 companies in s stock market. We don't give a blue fuck which companies are in the top 500. The index fund will pick up and invest in any company that enters the top 500. This company may turn out to be the biggest company in the world ever and we'll make a fortune off of it. Yet it doesn't matter. It won't make any difference because we'll lose a shitload on the companies that are tumbling out of the top tier. The important bit is we're taking the profits from the top 500 at any one time and reinvesting then. It's only the average of the profits from all the companies currently in the top flight that's important, and that will be quite consistent. if you understand this you'll realise why it's such a safe investment."Plus he wore shorts like a total cunt" - Bob
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Awwwhhh. I wanted to brag down the pub that my legendary superstar fund manager just goes by the monikor "spacegazelle" cause thats how hes known in the industry.
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Yeah it's a very simple thing really. We own companies and take their profits. If we put those profits in a cash savings account (income fund) we'll see a slow and steady growth, an upward straight line. If we reinvest in an accumulation fund we'll have a nice juicy exponential."Plus he wore shorts like a total cunt" - Bob
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ZMM wrote:I trust your judgement, can you please post a url of where I can enter muh moniez.
paypal.cocko"I spent years thinking Yorke was legit Downs-ish disabled and could only achieve lucidity through song" - Mr B -
People's orders are beginning to get processed and that means you'll probably be staring at a figure everyday, possibly with some concern. The markets may way take a tumble on Monday and I'd be surprised if they don't, but I also wouldn't be surprised if this is getting priced in by now and they'll stabilise. It's impossible to tell, and impossible to time it perfectly.
Don't be alarmed if it plummets like a brick and don't get overjoyed if it soars like an eagle. We are thinking in decades, and rest assured we have bought very cheaply. If you've read the link in the OP you'll know that timing isn't as important as you think it is anyway. The important bit is you've begun investing."Plus he wore shorts like a total cunt" - Bob -
I understand people would like a rough idea of returns and might start looking at things like yield and whatnot. I'd strongly advise against this, it's largely a waste of time.
If you must, try and think in terms of doubling rates. It's simple and probably the best way to actually do it. Be a pessimist and think it'll double every 7 years or be an optimist and think it'll double every 4. It's up to you (though I'd err on the side of caution) but remember how important the length of investment is. You'll naturally have twice as much money by the end if you invested twice as much in the beginning but you'll also have twice as much if you leave it for another 4-7 years or so."Plus he wore shorts like a total cunt" - Bob -
Also remember if you're making monthly payments into it like you should it's obvs going to go up faster."Plus he wore shorts like a total cunt" - Bob
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I’ve already made £13. Wolf of Wall Street’s got nothing on me! -
Well i set up an iweb account and isa but it won't let me add funds from bank to then buy anything and they don't have customer support over weekend.
Just get an error it couldn't complete.
Tried re-entering details and a couple different amounts to no joy. This was last night and this morning.
Good luck to the rest of you.
"Like i said, context is missing."
http://ssgg.uk -
Might just be busy. Try periodically. It could also be an ISA issue because they need to verify details. When I first set one up I had to send them my passport."Plus he wore shorts like a total cunt" - Bob
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b0r1s wrote:I’ve already made £13. Wolf of Wall Street’s got nothing on me!
It's genuinely nice to make money on your first day. In truth it's 50/50 but it's nice nonetheless."Plus he wore shorts like a total cunt" - Bob -
I wonder what'll happen tomorrow? Probably more pant shitting but they're going to get priced in at some point soon. Probably not quite there yet but try and forget about it for a while if they do. Hard I know, but over the years you'll get used to it when each massive pant shitting event comes and goes."Plus he wore shorts like a total cunt" - Bob
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"Plus he wore shorts like a total cunt" - Bob
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The markets seem to have calmed down a bit today. Knowing isolation tactics are working in other countries might be helping. Saying that America is probably going to be the worst hit of all over the coming weeks."Plus he wore shorts like a total cunt" - Bob
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I can see now why you say don’t check this daily. I’ve gone from up £13 to down £30 then down £55. To now back up £19. Crazy!!
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b0r1s wrote:I can see now why you say don’t check this daily. I’ve gone from up £13 to down £30 then down £55. To now back up £19. Crazy!!
Put a reminder on your phone to check it in 5 years from now and forget about it. -
20 years. Or 30. -
Might have changed phone by then, mind you.
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poprock wrote:Might have changed phone by then, mind you.
You might have, Warren Buffet"I spent years thinking Yorke was legit Downs-ish disabled and could only achieve lucidity through song" - Mr B -
b0r1s wrote:I can see now why you say don’t check this daily. I’ve gone from up £13 to down £30 then down £55. To now back up £19. Crazy!!
You'll learn to ignore it eventually when you get bored. Takes a suprisingly long time though."Plus he wore shorts like a total cunt" - Bob -
Mine was just running a bit slow, was able to fund account on Monday
Then bought some stuff which took until last night to clear and was immediately 10% down.
Whelk of wall street. "Like i said, context is missing."
http://ssgg.uk -
I hope it keeps going down until I get paid, then I can get some more.
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Sorry Dante. i'm 0.35% up now. time for coke and champagne."Like i said, context is missing."
http://ssgg.uk -
Okey dokey. Obvs the rule is to stick some in, top up periodically and forget, but I had a shifty too to see what's what, mainly because you lot will no doubt be staring at it everyday. Probably, if you were sensible and invested in the S&P (my link or Dantes - they do the same thing), most of you are up or at least even. Some very early adopters might be down a bit.
It's certainly a bit swingy right now and if Trump coughs on camera expect a bit of a wobble but always remember the rule - try and forget and don't react. Certainly try and relax. If you invested 10 grand you could be up a £700 right now but it's largely unimportant and almost certainly temporary. As I keep saying it's a decades thing and any swings now, both up or down, are insignificant in the long term. It was nice to buy cheap, which we all did, but it's accumulation of dividends that's important, not index price. I know you all know this by now but I thought I'd chime in in case you shit it in the coming months. Leave the shitting it to the next apocalypse, whatever that might be, and then buy some more if you can afford to. In the meantime keep putting in on a regular basis and forget what the markets are actually doing. By putting in on a monthly basis you are reducing risk, not increasing, even if there's a steady decline for a bit."Plus he wore shorts like a total cunt" - Bob -
I’m up even more at the moment. Will put in regular once work returns to normal.
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b0r1s wrote:I’m up even more at the moment. Will put in regular once work returns to normal.
The first bit is by the by because decades, but do put in regular when this thing blows over."Plus he wore shorts like a total cunt" - Bob
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