Finances

[Danny]

Even if I could, I wouldn't.

Yep. Can and wouldn't.

[mo]

£75? Was it on sale?

He actually used a gift card so only paid £65 :facepalm:

[Giggles]

:D

Giggles will be fucking seething.

I'm happy enough not being an idiot.

[Kikó]

The craftsmanship in a RL white t-shirt is worth the money.

[randomlegend]

Yes my white t-shirts are excellent indeed.

Also, I am broke.

[Spikey M]

I have a few t-shirts from Tesco. They're fine and I'm not a cunt.

Well, I am, but not for Fashions sake.

[John]

I spend a fair amount of money on clothes, always have. It's only worth slating someone for that if they're the sort of fuckwit who won't buy something they'd otherwise like purely because it's cheap. I have a few mates like that and I lol at them regularly. Or whoever is buying those Prada paperclips for a hundred and eighty quid, those people can all go under subway trains.

Up to a certain point more expensive clothes are definitely worth the money, and even sometimes past the point where it would seem like a sensible investment. I bought a sort of summer jacket for near six hundred quid when I was eighteen through wildly irresponsible use of a backdated student loan, but I still have it and it's still in terrific condition, so I haven't had to buy a summer jacket for thirteen years. I still have done, because other ones have caught my eye, but I didn't need them.

[Boydy]

I'd get bored of having the same jacket for thirteen years. Surely it'd go out of fashion as well?

[Lewis]

Unless it was never in fashion.

[John]

Not at all. I still get compliments on it.

[Lewis]

https://s12.postimg.org/joxe1x5nx/PIC_1290_Z10_L.jpg

[John]

Exactly it.

[Giggles]

The craftsmanship in a RL white t-shirt is worth the money.

Nothing could make a white t-shirt worth that money.

[Spikey M]

It's got a horse on it. Shut up and take my money.

[Giggles]

Sold.

[randomlegend]

It's got a horse on it. Shut up and take my money.

Maybe if it had a great whore in it.

[Kikó]

You can get all your Ralph Lauren needs in tk maxx anyway.

[Andy]

Has anyone had any experience with any of the government schemes for buying a first home?

We're look at either help to buy or shared ownership of a new build so we can get on the housing ladder. The South of England is just crazy for house prices and we are struggling to save quick enough for a deposit as the house prices are going up so quickly. We earn quite a bit between us but we are in a strange position when it comes to getting a mortgage, I'm self employed which makes it harder and my partner has to pay 7k out of her wage to get to London everyday which also annoyingly makes it a lot more difficult to get a decent amount.

[Andy]

You can get all your Ralph Lauren needs in tk maxx anyway.

Or one of the RL outlet shops, there's one In Portsmouth where I've got the polos for £15-20 before I their clearance. I think its 2 for £50 all year round as well.

[Spammer]

Has anyone had any experience with any of the government schemes for buying a first home?

We're look at either help to buy or shared ownership of a new build so we can get on the housing ladder. The South of England is just crazy for house prices and we are struggling to save quick enough for a deposit as the house prices are going up so quickly. We earn quite a bit between us but we are in a strange position when it comes to getting a mortgage, I'm self employed which makes it harder and my partner has to pay 7k out of her wage to get to London everyday which also annoyingly makes it a lot more difficult to get a decent amount.

I used one to help me get my house.

I stuck a grand in at the beginning, £200 per month and then when I bought a house I showed Halifax proof and they closed the account and sent me my balance plus 25%. Very cool.

What do you want to know?

[Spikey M]

You be a mug to not take advantage of one those ISA accounts for first time buyers these days. Free money.

[Kikó]

I've got a help to buy ISA. Not sure if I'll bother with the lifetime one.

We looked at the schemes and I think even with htb mortgages, the stamp duty that is attached to these properties are almost the same as the 5%. We're looking now at shared ownership, there is a great new development where we are which would be incredible to live in.

[Magic]

Aren't there gotchas with shared i.e they don't own £x amount of the property but they own a % which if you want to buy back they take the value THEN not at the time it was bought?

[Spikey M]

I'd move somewhere near by but more affordable and own my own place outright if it was me. Kent used to come up on Rightmove for us (because when you specify 'within 10 miles' you're clearly up for a swim) and it was outrageous value for money. Now, I've only ever seen the A roads of Kent, so it might be a right dump, but given the choice of owning outright in Kent and commuting or having part ownership in London/Southampton I would be bezzing it all day with Dr Chorizo.

[Adamski]

Aren't there gotchas with shared i.e they don't own £x amount of the property but they own a % which if you want to buy back they take the value THEN not at the time it was bought?

I think there's something like that.

We got a 5% gift from the builder instead of help to buy or anything. Not sure if that's available anywhere else.

[Kikó]

Aren't there gotchas with shared i.e they don't own £x amount of the property but they own a % which if you want to buy back they take the value THEN not at the time it was bought?

It's not a gotcha but you're right. Each time you want a %, you need to get the house valued at it is at that time.

[Raoul Duke]

The key thing to be aware of is whether these things are freehold or leasehold. People are getting absolutely fisted by leasehold properties being sold off to "investors" who then jack up the prices to obscene levels.

[Adamski]

Are they not making buy to let's a lot more difficult to do now?

[Andy]

I'd move somewhere near by but more affordable and own my own place outright if it was me. Kent used to come up on Rightmove for us (because when you specify 'within 10 miles' you're clearly up for a swim) and it was outrageous value for money. Now, I've only ever seen the A roads of Kent, so it might be a right dump, but given the choice of owning outright in Kent and commuting or having part ownership in London/Southampton I would be bezzing it all day with Dr Chorizo.

The problem we'd gave would be eventual child care. Where we both work long hours it will be really tough if we move away from our families.

[Andy]

I've got a help to buy ISA. Not sure if I'll bother with the lifetime one.

We looked at the schemes and I think even with htb mortgages, the stamp duty that is attached to these properties are almost the same as the 5%. We're looking now at shared ownership, there is a great new development where we are which would be incredible to live in.

There are a few developments here I've looked at which are great. A little bit out the way but that's probably not a bad thing.

I still prefer HTB as I think we could probably save the best part of the 15% in 5 years but the shared ownership will be a bit easier.

[Andy]

The key thing to be aware of is whether these things are freehold or leasehold. People are getting absolutely fisted by leasehold properties being sold off to "investors" who then jack up the prices to obscene levels.

Ill have to have a look into this. We'd want a freehold place right?

Thanks, this is exactly the sort of infomation I was after, i had no idea about that.

[Raoul Duke]

Ill have to have a look into this. We'd want a freehold place right?

Thanks, this is exactly the sort of infomation I was after, i had no idea about that.

Yeah, freehold if you can - lots of flats are leasehold, most houses are freehold: https://www.theguardian.com/money/2017/jul/25/leasehold-houses-and-the-ground-rent-scandal-all-you-need-to-know

[Spikey M]

Our flat is freehold because it's a converted house, if you're getting a place in a new development or a load of flats with a shared garden it will almost always be leasehold and they will fist you on maintenance as well.

If you do go leasehold, check how long is left on it because many Mortgage companies won't go for a place with less than ~80 years. Plus, even if they do allow it, you will have to extend the leasehold to have any chance of selling it yourself and it is expensive as fuck.

We went to see a 2 bed Maisonette with a 78 year leasehold. The old dear was undercutting market value by £20k and still couldn't shift it because only someone not reliant on a mortgage would be able to buy it. The poor cow was only selling because she had to go into a home as well. She hadn't been upstairs in 2 months. :(

[phonics]

I've just been offered a house to myself rent free for 18 months so I'm looking at some investments to put my money in. I'm definitely doing 3rd Pillar which is a government sponsored additional pension plan that is untaxed and as an added bonus you get it back if you leave the country.

However, is there anything going I should invest in that I can actually use as liquidity before the age of 75?

[niko_cee]

A flat won't be freehold (in the UK) I wouldn't have thought, although you are now able to buy/acquire (a share of) the freehold with the other leaseholders if you can get your act together reasonably easily. The (reported) problem with modern leaseholds is more the escalating ground rent(s) that a lot of them have written into the leases. Ground rent being something you get absolutely nothing for, and the acquisition of these rights has become a bit of a growth investment industry in recent years (where returns are generally so low on many things). As far as buy to let being made more difficult is concerned, that relates to what items are tax deductible - ie I think you are not going to be able to (or may no longer be allowed to) claim interest payments as a tax deductible expense, which has significant implications (on the financial viability of housig as an investment) if you are a higher rate tax payer (which you are likely to be if you are a buy-to-let landlord)

[Adamski]

I've never heard of anyone having a leasehold flat in Glasgow. Is it just an English thing?

[niko_cee]

Could be.

Freehold in England means you own everything up and down (within certain government restricted limits), which has problems if there is another person's home directly above or below.

We don't have it here (in Guernsey) we have a thing called flying freehold, which is a fudge.

[Raoul Duke]

I think it's banned in Scotland

[niko_cee]

It's not really a bad thing per se, it's just a nuance that has developed historically. It is logically necessary. However, the modern tend towards exorbitant/escalating ground rents has made it a hot issue.

Scots Law is totally different to English Law, as far as I know it's more akin to Roman/Modern European Code Civil style law)

[Adamski]

It does seem a bit odd to me. Sounds similar to opening up a shop or a pub or something where you own the business but still lease the property.

[Shindig]

I've had nothing but trouble with the Lifetime ISA. Can't even put funds into the cunt.

EDIT: I'm an idiot, as always. Money in. Now I can ignore it exists for a year. Pity there's only one option for the Cash version, mind. I don't fancy getting into the stocks and shares stuff. Not out of fear of losing investment but the whole idea of managing an account on a semi-regular basis.

[Magic]

Got my student loan OVERREPAYMENT letter yesterday, so I have to swith to DD to avoid giving the cunts too much. £150 a month back on my wage within a year. :drool:

[Kikó]

I've had nothing but trouble with the Lifetime ISA. Can't even put funds into the cunt.

EDIT: I'm an idiot, as always. Money in. Now I can ignore it exists for a year. Pity there's only one option for the Cash version, mind. I don't fancy getting into the stocks and shares stuff. Not out of fear of losing investment but the whole idea of managing an account on a semi-regular basis.

Long term investment in stocks is the best inflation proof investment there is.

[five time]

The Nutmeg one is very decent if you don't want to bother managing it. Mine's sitting on around 8% interest nearly a year in.

[Spikey M]

Wagwan with your pensions?

At present I have a tiny pension of £300 from when I was a temp. I have been paying into my civil service pension for about 3 years and it would be worth £600 a year if I retired tomorrow. Obviously with another 40 odd years of paying in that’s going to grow a fair bit (if I stay in the civil service, anyway, Christ, what a prospect) and I checked my state pension a while ago and it was something shit like £200 a month.

How does all this stuff work? Neither of my parents reached pensionable age so I don’t really know a whole lot about it. Do you get the state pension along side your private pensions? Or do you only get that one if you’ve been thick / a scrounger all your life?

[Adamski]

You get the state one but I don’t think that’s till 67 (more likely 87) by the time we get there.

[Spikey M]

The state pension is a fucking joke considering how much National Insurance they take each month.

[Magic]

My pension is 5k I think. That over 20 years isn't great.

[Spikey M]

If my contributions stayed the same I’d be on £20k by the time I retire. A Mars bar will be about 3 grand by then.

[Kikó]

I've got a SIPP and a few work based ones which I might combine at some point for ease. Not sure what's going to happen at retirement or how it will work.

[Giggles]

I'd rather have the money now, and I'd never see a pension anyway.

[Adamski]

I've got a SIPP and a few work based ones which I might combine at some point for ease. Not sure what's going to happen at retirement or how it will work.

I’m the same. I’ve got a final salary one now so aiming to look at consolidating previous ones if they let me.

[Spikey M]

I'd rather have the money now, and I'd never see a pension anyway.

Not planning on eating after 70 or are you working all the way to the mortuary?

[Giggles]

Not planning on eating after 70 or are you working all the way to the mortuary?

Not a hope I see 70. I'll save the money to leave the Mrs when I pop.

I've one from a job years ago that last I recall had €26k in it but I assume it was lost in the crash. I've no idea who it was with or anything and it was pretty Gmail so I've no access to details, so I've written it off long ago.

EDIT: Actually would have been 26k Irish pounds at the time so it was that x 1.27.


_

[Spikey M]

I’m the same. I’ve got a final salary one now so aiming to look at consolidating previous ones if they let me.

I have no idea what you 2 are talking about. Is there such a thing as a pension advisor? I want to sort my shit out but I have no idea what I’m doing. I might even have small pensions from my time at BHS and Tesco but I have no idea.

[Spikey M]

Not a hope I see 70. I'll save the money to leave the Mrs when I pop.

Is there a reason, or are you just being dramatic like one of my fat mates? “No chance I’m making 70, I like my beer too much”

Obviously if it’s the former then you are more than welcome to tell me to mind my own.

[Magic]

I'd rather have the money now, and I'd never see a pension anyway.

Fantastic self awareness. You unhealthy bastard.

[Giggles]

Fantastic self awareness. You unhealthy bastard.

Can only play the cards you're dealt.

[Shindig]

We're living longer in general. There will come a point very soon where 70 might as well be 60.

[phonics]

Legally obligated to pay something like 10% of your salary into a pension over here and then the company you work for has to match it. So I've got like 3 plans from various jobs down the years which I really should consolidate but that would require forms.

I think last time I looked there was 60k or so in there.

[Shindig]

I throw 5% into mine but don't feel it. Might double-down on that again.

[SvN]

My pension is abysmal. I'm hoping I'll be a millionaire well before retirement age. If not, then I'll have to life off my wife's pension, which will be worth shitloads.

[Jimmy Floyd]

I got a pension letter today, I have two grand in it so far. That should last me a few weeks if I eat thin gruel only.

[Baz]

I’ve two pensions but both are gonna be worth about £5 a week cos I pay so little into them.

Hopefully one day I’ll get a good job and that’ll sort it all out.

[Shindig]

My statement came today as well. Not as much as Jimmy.

[Magic]

Fuck sake these SNP cunts are bringing in a new tax band for those earning over £30,000. :moop:

[Boydy]

Look on the bright side, you'll pay less to the wife after the divorce.

[Foe]

It's a new calendar year which opens up a few financial questions. TTHers in the know what's your thoughts on the below if I have some spare money...

1. I can overpay my mortgage up to 10% in a calendar year - it's a 12 year mortgage (probably less now as I've been overpaying already) and the interest rate is pretty low, something like 1.99%.
2. I could just leave the money in my bank account - should I be getting an ISA?
3. I could invest it into the stock market, i.e. chuck a few thousand pounds into a company/fund which pays dividends and hope it grows more than the interest I'd save in option 1.

Already got a load of company shares from work and I don't have a particularly lavish lifestyle so got plenty free cash per month - chucking £5-8K somewhere else in the next few months is something I need to decide on.

Whats the consensus here? The stability/guarantee of saving interest in the mortgage, or the relative risk of investing in company shares or a bond?

I've already got about £1K in various crypto currencies which is not going well (turns out I'm not great at HODL or picking gems).

[John]

It's a new calendar year which opens up a few financial questions. TTHers in the know what's your thoughts on the below if I have some spare money...

1. I can overpay my mortgage up to 10% in a calendar year - it's a 12 year mortgage (probably less now as I've been overpaying already) and the interest rate is pretty low, something like 1.99%.
2. I could just leave the money in my bank account - should I be getting an ISA?
3. I could invest it into the stock market, i.e. chuck a few thousand pounds into a company/fund which pays dividends and hope it grows more than the interest I'd save in option 1.

Already got a load of company shares from work and I don't have a particularly lavish lifestyle so got plenty free cash per month - chucking £5-8K somewhere else in the next few months is something I need to decide on.

Whats the consensus here? The stability/guarantee of saving interest in the mortgage, or the relative risk of investing in company shares or a bond?

I've already got about £1K in various crypto currencies which is not going well (turns out I'm not great at HODL or picking gems).

If you've got 'plenty of free cash per month' it's probably well past time you started getting professional advice.

[Jimmy Floyd]

If it's return you want, option three. That mortgage is decent already so why worry.

[Foe]

Yeah, the stock market is at an all time high and I have zero faith in Donald trump to not completely obliterate the middle class.

Professional advice is probably a good idea, but I'm definitely not wealthy enough for that. Just looking for some opinions on what others have done / are doing.

[Jimmy Floyd]

I have a few k inheritance dough in a fund (F&C) and it's been sitting there gathering a good few percent dust for a few years now. Unless you think there's going to be a 1929 style disaster (I have no idea) then it's a fairly safe bet.

[Raoul Duke]

I'm in a similar boat. Going to try and find a finance grown-up to gimme some wisdom.

Really don't want to buy a place as Brexit is fucking everything sideways, but should probably do a bit more than just have money in my bank account :-/

I have some in an https://www.nsandi.com account, which is Government-backed.

[phonics]

I got all my savings from stuff down the years in government bonds. It's produced a 0% return over 10 years. Incredible investment by me.

[Boydy]

Tracker funds.

[Jimmy Floyd]

Brexit is great for us low income paupers. House price crash would be a very nice touch.

[niko_cee]

(Un)fortunately it's not going to happen.

[Kikó]

I'd pay off the mortgage as quickly as possible.

traditional ISAs are low rate so go for a stocks & shares one. If you are investing in the market, go for the long term with a company or more that you like and don't shit yourself when prices go up/down.

[Foe]

Yeah, I like the idea of just dwindling down the mortgage. Blue sky idea being in 3 or 4 years I save a deposit and extend this
Mortgage out with a really low monthly payment a and low capital (<50k would be good) and rent it out, using the rent to help fund/overpay a mortgage in a proper house.

Think I'll probably shove money into the mortgage, if I'm anything like previous I'll probably manage to fill the max overpayment and have a little left over - just a case of when to do which. Maybe dividend paying shares first and then mortgage. Gonfor somethig reasonably safe like a water or utilities/power company to invest in the shares.

[Foe]

Although the long term plan remains to win the lottery. Thus far unsuccessful.

[Magic]

Me too. I overpay £50 which means it'll be 2 years shorter, only 31 years instead of 33.

[Foe]

Me too. I overpay £50 which means it'll be 2 years shorter, only 31 years instead of 33.

I've knocked 9 years off mine. Sooner it's paid off sooner I can throw in the towel and retire from this job if it pisses me off and just do something menial to pay bills.

[Spikey M]

I want to start investing a small amount each month (less than £100 probably) but I have no idea what I’m doing. Where do I start?

None of that Cryptocurrency shite, please.

[Mazuuurk]

Your best bet is probably to find some relatively safe Mutual fund and stick half of it there, and the other half just buy some random shares. Since you don't have a portfolio at all (?), you usually wanna build up one with some proven, large and quite stable companies first to be the bulk of your Portfolio, but since the safer Mutual Funds often are more or less that, you could also look for smaller up and coming companies and gamble a bit. Small tech startups or Mobile Games developers etc can often be interesting all-or-nothing investments. Same with natural resources (but don't do fossil fuels) - fuck all can happen there until they suddenly get a mining licence they were waiting for and the share shoots up.

Or you do it like this: 50% mutual fund - 25% large company share - 25% gamble fund.


How you go about it practically I don't know, but usually your Bank can help you (though often some banks provide better services for trading than others).

[Spikey M]

I’m thinking lager companies mostly. It’s mostly going to act as a savings account, but I would actually like some return on what I’m putting away. You know, better than the 6p per year the bank will give you for your life savings.

I have absolutely no idea where I go to buy / manage / sell etc though? All my knowledge comes from 80’s films, with people stood in busy halls shouting ‘buy buy buy’ at a bloke with a notepad.

[Giggles]

I’m thinking lager companies mostly. It’s mostly going to act as a savings account, but I would actually like some return on what I’m putting away. You know, better than the 6p per year the bank will give you for your life savings.

I have absolutely no idea where I go to buy / manage / sell etc though? All my knowledge comes from 80’s films, with people stood in busy halls shouting ‘buy buy buy’ at a bloke with a notepad.

Do you mean larger or are you going to invest in Tennents?

[Spikey M]

Larger Lager brands only

[Mazuuurk]

Check with your Bank, they might have something so you can open up an account for trading on. Or google around a bit:

https://www.moneysavingexpert.com/savings/cheap-online-sharedealing
https://uk.stockbrokers.com/guides/share-dealing-accounts


With what you're doing, I'd go for Price and Convenience over ability to trade in everything.

Initially, just stick your 100 quid each month on big companies that have good dividends payouts historically (you will have to do a little bit of google research here). Investment companies, Banks, Perhaps Telcos, etc. But make sure you're not investing in something that's in a clearly dying business, such as Print media or whatever.


Pick out 5-10 you wanna go with, read up a little bit about what people would say is a recommended price, and each month chech a little where they are at, if they are at that or below, buy them. That way you can stick your money wherever the price seems best every month.

Make sure you check their 3 month and 1 year curve as well - if they have been steadily growing for a whole year - it can sometimes be a little less rewarding to buy those shares (Big, stable companies rarely have insane increases in price, but can occasionally plummet after a quarterly report or something - a good point to buy - and then usually recover over time as they fire 400 people and do a bunch of "restructuring" that puts faith back into the share.

And, don't sell stuff, just buy and be patient.

[Jimmy Floyd]

Go into a busy hall, shout 'Buy Buy Buy!' and see what happens.

Just get a stocks and shares ISA somewhere.

[Boydy]

Tracker funds.

[Mazuuurk]

Go into a busy hall, shout 'Buy Buy Buy!' and see what happens.

Just get a stocks and shares ISA somewhere.


Someone will think it's "Bye Bye Bye" and he'll get shot.

[Giggles]

Stick it in a pillow case in the attic.

[Spikey M]

Someone will think it's "Bye Bye Bye" and he'll get shot.

Or start an impromptu NSYNC flash mob.

[Spikey M]

Go into a busy hall, shout 'Buy Buy Buy!' and see what happens.

Just get a stocks and shares ISA somewhere.

After some reading I went with this in the end. £50 per month for 6 years. I can increase whenever I want, but want to be cautious as new to this. I went with ‘Moderate risk’ because I’m a pussy, but told them they can stick any morality concerns up their arses. Make it rain. Exploitation :drool:

[Mazuuurk]

Or start an impromptu NSYNC flash mob.

The outcome would likely be the same.

[Kikó]

I stick mine into Nutmeg @spikey and it's in a stocks and shares ISA wrapper. Tax free that way so makes sense for you to do it in an ISA at least. Although, I think you can earn £1k interest free in dividends at the moment (which you won't)

I also have a number of funds invested in an ISA through Charles Stanley - all different indices. I've just left it there for years and it's risen by 16% or so which is not too shabby.

If you are going to invest directly into a company, find what you want and play the long term game. Trying to guess the market will be 1) expensive 2) you'll be wrong.

[Baz]

None of that Cryptocurrency shite, please.

Why not?

[Spikey M]

Why not?

Because it’s up and down like a whores draws, the arse will fall out of it at some point and you can’t get rid of the shit when the prices sky rocket.

[Foe]

Buy high, sell low.

Foe's life in financial advice.

P.S this is an excellent question because I'm going to do something similar in tandem with cryptocurrency because I'm a HIGH FUCKING RISK kind of guy. I'm 28, if it goes south, fuck it. I'll worry about it in my 40s.

[Kikó]

For crytpo, do your due diligence. Work out what the underlying technology is and whether it's worth investing in.

[Adamski]

I stuck a grand in crypto yesterday during the crash and it’s now sitting at £1500. Unreal :D

[Foe]

For crytpo, do your due diligence. Work out what the underlying technology is and whether it's worth investing in.

Where's the fun in that?

I'm hopeful that the payment solutions rather than the actual coins become the key change. Never thought I'd back a company called bread, but here I am.

If I was Adamski, I'd pull out £1000 and leave the £500 as free money to play with. Unfortunately, I didn't have any fiat available to do similar and am already about as deep as I want to be.

[Pepe]

I have a very small amount of money ( can't put any more in because I'm a foreigner) in a thing called Fundrise. It's been working well so far.

[Magic]

I stuck a grand in crypto yesterday during the crash and it’s now sitting at £1500. Unreal :D

Can you convert it in to actual wonga?

[Foe]

Can you convert it in to actual wonga?

How do you think the crash actually happened magic?

[Magic]

I've no idea.

[Foe]

Don't ever consider a career in finance.

[Adamski]

Where's the fun in that?

I'm hopeful that the payment solutions rather than the actual coins become the key change. Never thought I'd back a company called bread, but here I am.

If I was Adamski, I'd pull out £1000 and leave the £500 as free money to play with. Unfortunately, I didn't have any fiat available to do similar and am already about as deep as I want to be.

If it starts dropping again I’ll definitely be taking the £1000 out. Won’t let it get anywhere near that level.

[Adamski]

Can you convert it in to actual wonga?

Yes, when you sell it.

[Spikey M]

If it starts dropping again I’ll definitely be taking the £1000 out. Won’t let it get anywhere near that level.

Doesn’t this shit routinely drop half it’s value and then triple it’s self daily?

[Foe]

Doesn’t this shit routinely drop half it’s value and then triple it’s self daily?

It's a traders dream.

It basically does plus minus 5-10% on a daily basis. Then surges by 20-30% or drops 20-30%.

If you can see the warning flags and cut ties at the right time then buy back in when everyone else is suicidal, you can make a killing. I haven't played it but if I followed my guy I'd have been absolutely flying.

[Adamski]

Doesn’t this shit routinely drop half it’s value and then triple it’s self daily?

There was a huge dip this week which seems to be put down to a bit of market manipulation.

I’m up to £1650 now so it is quite volatile. Like Foe says, notice the trend and get the stake out then gamble with the profit.

[Foe]

Should point out that the dream is picking one of the wee guys before it explodes. A friend bought into ripple at 0.25 and by a week later it was 2 plus.

Imagine 10 folding your money in less than a fortnight. :yn: nuls, bread, everex and air swap.

[Foe]

Should point out adamski has played it very well. I bought some more at the very start of the dip (circa 30% drop) on the majority of coins I picked up, but the market dipped hard after that.

If I had more fiat available I'd have picked up more because it was so obviously a market manipulation. The whole space was down, not just one r two coins. It was some fucker with a tens of billion dollar fund shaking the tree to then buy back in.

[Adamski]

https://youtu.be/rzoHYuhpFWE

This is the coin I’ve got about 75% in just now. Looks like it’s got some serious legs.

Expecting it to pop following the ICE Totally Gaming Conference in early February.

https://www.google.co.uk/amp/s/amp.reddit.com/r/FunfairTech/comments/7o1ntp/funfair_a_game_changer_for_2018_an_indepth/


FunFair will be attending the ICE Totally Gaming Conference on February 6-8 (https://www.icetotallygaming.com/exhibitors/funfair-casino). This is a major business-to-business conference for the online gambling industry. The team plans to have the developmental side of the FunFair project done in time for the conference.

Tech completion in February will allow for the advancement in operations and partnerships, which will lead to live FunFair-licensed casinos going live in Q2 2018.

FunFair is in the process of acquiring their Remote Gambling Software License from the UK, which will enable them to license their technology to existing and regulated casino operators based in the UK. The license is, however, not necessary elsewhere.

FunFair has steady operational costs covered for the entire year, as well as an 85,000 ETH reserve/storage for any and all upcoming costs.

[Adamski]

Soaring towards 2k today, what a turnaround in 48 hours.

[Shindig]

Bitconnect, then.


https://www.youtube.com/watch?v=xK3yuxrmCac

$1bn. America must be so easy to crack. Just hire a stage, a suit and a bible. Whilst it's no reflection on the kryptocurrency scene as a whole, I can't help but look at Bitcoin and imagine the amount of drug and trafficking money that filters through that on an hourly basis.

[phonics]

A coin start-up took in millions over the last few weeks. Now they've bounced and left this as their landing page

https://pbs.twimg.com/media/DUnR8ffXkAAnsHM.jpg:large

I can't wait to see how many idiots get grifted over and over and over again.

[Kikó]

ICOs are dangerous if you don't have a clue.

It's a fraudsters dream this coin market.

[Spikey M]

Please be Foe’s.

[Magic]

Please be Adamski's.

[Foe]

Negative. I've avoided ICOs completely.

Although there's a good chance at least one of my gambles will disintegrate into nothing.

[Raoul Duke]

I got a letter from my good friends at the Student Loan Company today, informing me (despite the fact I was sure I'd paid it off) that I've overpaid and they owe me some cash still. Checked online:

£1,200

:D

[Giggles]

http://i.imgur.com/YgpT8bT.png

[Raoul Duke]

That it was, that it was

[Shindig]

I can't wait to see how many idiots get grifted over and over and over again.

I've seen a few of the BitConnect jilted trying to bail themselves out with putting serious money (i.e. another loan) down for BitCoin. :D

[Foe]

There's a coin called "salt".

Go and have a read about it and you'll realise just how fucked crypto is.

I've basically written off my 1500 quid as an experiment. It's not yet near that point, but there's a bear market afoot.

[Boydy]

https://thatoddmailbox.github.io/2017/01/28/iotaseed.html

There's a write-up there on how the iota seed scam was done.

[Foe]

Fuck iota. Bought in at 3.60, sold at 4.11. Solid $8 profit. :cool:

[Shindig]

Seems to me that the market's so volatile that, if you were to invest smartly, it would require you to cash out as soon as a spike hits and not a moment later. I think too many people see it as something to cash out after a year like it's stock or something and ultimately lose huge.

Basically, put money in you don't mind losing.

[Foe]

Seems to me that the market's so volatile that, if you were to invest smartly, it would require you to cash out as soon as a spike hits and not a moment later. I think too many people see it as something to cash out after a year like it's stock or something and ultimately lose huge.

Basically, put money in you don't mind losing.

The last bit is the only way to approach it.

[Pepe]

Since everyone who asks for advice on how to 'invest smartly' gets told to go for something safe and avoid volatile shite like the plague, it is fair to say that 'invest smartly' and 'cryptocurrency' don't belong in the same sentence.

[Shindig]

I know, I'm giving it a legitimacy it doesn't quite deserve.

[Foe]

Fine in moderation. It's a high risk high reward gamble.

My stake in crypto is small fry. Got 20 times that elsewhere in my company share scheme. The folk who have the vast amount of their total wealth in it are asking for trouble.

[Kikó]

Investing in crypto and saying it's fine in moderation is like saying the same about stocks. Some of it is junk, invest in the currencies that have something of value to them.

[Panda Bear]

Investing in crypto and saying it's fine in moderation is like saying the same about stocks. Some of it is junk, invest in the currencies that have something of value to them.I remember looking at Monero in February 2017 when it was $16 USD and wanting to invest.

Unfortunately, most of my money had been going to cover living expenses and paying off my fiancee's line of credit. When I brought up wanting to invest money, I caved after she said that "we don't have money to invest".

After Monero's most recent dip in price, it's at $316 USD. :(

I don't even want to touch cryptocurrencies now. The US Supreme Court wants the country to start regulating it, South Korea is on the way to regulating it, and China's banned cryptocurrencies altogether (not like that's working too well). There's growth potential still, sure, but I think this is the year that you start to see governments around the world start to crack down on it.

I'm back to looking at battery-related ETFs.

[Panda Bear]

Cardano is probably a good bet, though.

[Jimmy Floyd]

I've put all my savings into the Greek drachma instead.

[Spikey M]

Team Zimbabwe.

[Panda Bear]

I stuck a grand in crypto yesterday during the crash and it’s now sitting at £1500. Unreal :D

Good luck getting your money out.

[Baz]

Good luck getting your money out.
:cab:

It’s easy to withdraw, just can take a few days.

[Shindig]

A few days is a long time in crypto.

[Giggles]

I can't even open a new bank account, let alone understand all this.

[Adamski]

A few days is a long time in crypto.

It's essentially a bank transfer. Price is locked down when you sell so time is irrelevant.

[Magic]

Keep telling yourself that mate. You can't take it with you.

[Magic]

Jesus Christ my spend on the credit card this month was £2,250.

[Spammer]

You should probably sort you life out.

[Foe]

Reminded me to pay off the £60 on my credit card. The only £60 I'd had on there for about 2 years because my debit card is running out next month and I couldn't use it to pay online for something. :cab:

[Magic]

Jesus Christ my spend on the credit card this month was £2,250.

£1,150 this month. :drool:

[SvN]

Is that a personal or company credit card?

[Magic]

Personal, of course. Annoyingly my expenses can be over £200 a month so I have to factor that out but of course credit card companies don't give a shit about that.

[SvN]

Why are you spending so much every month? And what on?

[Pepe]

Soon you won't have to look at price tags anymore.

[Magic]

Why are you spending so much every month? And what on?

That's hardly a big spend for a family of three. Literally everything is paid (apart from Direct Debits) on my credit card.

[SvN]

Actually, I'd say it's ridiculous. What are you spending over 2 grand per month on?

[Magic]

Fuel, shopping, fun etc.

[Giggles]

You must be using/having way way too much of one of them.

[phonics]

Magic:

https://vignette.wikia.nocookie.net/dril9047/images/2/23/DrilCandles.jpeg/revision/latest?cb=20170623190510

[Magic]

Well minus £200 on expenses, it's £950 a month.

[SvN]

You literally just quoted a post where you said you spent £2,250.

[SvN]

I cannot fathom that at all. Me and my wife spend about £1,200 and we go out for drinks and food about 3-4 times per week. Plus, we don't live in Dundee where everything costs about 40% less.

[Magic]

The 2250 one was two sets of flights, hotels, car tax, servicing and MOT etc.

£1150 is about average for us.

[Danny]

I probably spend between 1000 and 1500 a month on mine, but then I try funnel things through it for the cash back. It gets paid off monthly.

[Magic]

Knew this wage would be a bad one with the changes in Scottish income tax, company car tax and pensions.

I've lost £70 from my monthly wage. :happycry:

[Spikey M]

I’m awaiting a similar situation. Last time they increased the tax threshold they changed the way they work Nation Insurance and I lost £30pm, this time they’re putting up pension contributions. You have to respect them really. Ruthlessly unashamed.

[Magic]

Everything else is going up as well, fucking council tax, energy bills, kids classes, everything. Is this the BREXIT I didn't vote for? How much worse is it going to be?

[phonics]

Meanwhile I got a grand back in tax rebates :drool:

[Spikey M]

You’ll only stick it up your nose.

[phonics]

You’ll only stick it up your nose.

You'd go and spend it on your family like the scum you are. We live in a society of individuals now. I'll use the hours I gain in not sleeping to create an app that speeds up the downfall of human behavior like a true start-up genius.

[phonics]

Say if someone left the country 7 years ago a grand overdrawn (account has since been shutdown unbeknownst to me until a family Christmas cheque bounced and I feigned innocence) and never informed the student loan company where I went after leaving uni.


Say that person wanted to repatriate his finances to the UK in the next couple of years? What would happen? I assume bad things. Do you think I can get away with it if I come back with a big pension fund, a decent deposit and a salary some competitor would give 'someone' an account?

Is there some sort of fixer that I can call to make it all go away?

[Magic]

Suicide.

[phonics]

Pesion becomes property of the state in that case :)

[Shindig]

If your student loan account is still active, they'll just start taking payments off your salary.

[Giggles]

Don't people normally try to get money into Switzerland?

[Spikey M]

Lol at the biggest Lefty around being a massive fraudster.

[phonics]

Lol at the biggest Lefty around being a massive fraudster.

If either of those points were true wouldn’t that make perfect sense? Eat the rich, take back private capital etc.?

[Baz]

There's a new pyramid scheme from some man who once sent his CV in to Paypal, or something. Invite only too, exciting!

Feel free to join up and get rich quick: https://initiativeq.com/invite/HrzCyusjm (https://initiativeq.com/invite/rxUWilTsX)

Info here: https://bitcoinexchangeguide.com/initiative-q/


Initiative Q Conclusion
They compare their company to receiving free bitcoin, something too good to be true. As far as I can say, the company is suspicious. I can’t justifiably recommend anyone to invest into Initiative Q without more information on the team, business model, coin, metrics, and company location. If you still want to invest with the company, please do so at your own discretion with caution and carefulness, so as to not be taken advantage of like the millions of other investors who already have been.

:stamford:

[Spikey M]

Shut up and take my money.

[Kikó]

This is a new currency and payment network built by ex-PayPal guys, called Initiative Q. The Q currency is currently being allocated for free if you are invited by an existing member.
The idea is that if millions of people join, Q could become a leading payment network, and, according to well-known economic models, that means the value of the reward would be around $130,000.
The amount you reserve decreases every day, and each member has a limited number of invites. You can use my invite link here:
https://initiativeq.com/invite/rIouMh3o7
(Don’t worry. No funny stuff. You just need to give your name and email and your spot is reserved).

#freemoney

[Baz]

Why’ve you used someone else’s invite link? :mad:

[SvN]

Cheers Kiko :thbgrin:

[Giggles]

Why’ve you used someone else’s invite link? :mad:

Is it not his own? Why would he use yours and not his own?

[Baz]

Is it not his own? Why would he use yours and not his own?No. You need an invite to sign up (use mine) and then you get an invite link to circulate to your friends. But I haven't had a notification of him using mine to sign up. (I have to "approve" anyone who signs up using my link, as does Kiko.)

My beef isn't with him posting his link, it's the fact that he didn't use my link to sign up in the first place.

[Giggles]

Maybe he signed up before you.

[Spikey M]

Isn’t my sign up enough for you Baz?

EDIT: just realised I used Kiko’s by accident. Sorry mate.

[SvN]

Can you confirm me please, Kiko?

[Pepe]

This is a new currency and payment network built by ex-PayPal guys, called Initiative Q. The Q currency is currently being allocated for free if you are invited by an existing member.
The idea is that if millions of people join, Q could become a leading payment network, and, according to well-known economic models, that means the value of the reward would be around $130,000.
The amount you reserve decreases every day, and each member has a limited number of invites. You can use my invite link here:
https://initiativeq.com/invite/rIouMh3o7
(Don’t worry. No funny stuff. You just need to give your name and email and your spot is reserved).

#freemoney

Signed up. I like free money.

Kiko. :cool:

[Kikó]

Confirming.

I signed up elsewhere Baz :)

[Kikó]

I think we'll be okay anyway.

Summary
Initiative Q appear to be quite sincere, and not crooks.
Their payment network isn’t even a plan yet.
Their economic plan is to do what a central bank does — as a private company, informed by conspiracy theory paranoia rather than experience.
The pyramid-scheme marketing is bad, and creates a toxic dump of personal data.
If you want to sign up for some private company magic beans, hey, why not — but tread carefully.
I wouldn’t invest in this company in a pink fit. Someone probably will, though — the founder has a track record of founding and selling companies.

https://davidgerard.co.uk/blockchain/2018/06/24/initiative-q-a-non-crypto-private-currency-marketed-by-pyramid-scheme/

[Pepe]

We're also getting magic beans? :drool:

[Mike]

I also joined up
https://initiativeq.com/invite/r4hOx2siQ

It’s been a day and I’m not rich yet so I may have done it wrong?

[randomlegend]

I can't work out if everyone is trolling or not.

Ok now I can.

[Ian]

Have I missed the boat here or do I still have time to secure my guaranteed wealth?

[Baz]

Have I missed the boat here or do I still have time to secure my guaranteed wealth?Next step isn't until "Mid-2019" so plenty of time to register interest.

There are thirteen steps (https://initiativeq.com/timeline) (I've added the 13th in my mind - Enjoy Being Rich) and we're currently on the first one, so get yourself involved before you're left behind: https://initiativeq.com/invite/HrzCyusjm (https://initiativeq.com/invite/rxUWilTsX)

I'm not sure at which step they'll be asking for money (maybe number four?) but by that point it'll have probably vanished into nothingness anyway, so you've nothing to lose.

[randomlegend]

Wrote my car off last week because I'm a twat.

Payout will be £3150 once they take the excess. Everyone seems to be getting new cars these 0% finance deals at the moment. Good idea? Or just buy something outright second hand again?

[Pepe]

Second hand every single time.

[Boydy]

You mean those leasing deals? They seem alright.

[Giggles]

If you're going to just keep going with a new car every few years then it's grand.

[randomlegend]

Yeah, where you pay a certain amount a month for 4 years or whatever and then at the end either decide to buy the rest of the car or give it back.

[Pepe]

You mean those leasing deals? They seem alright.

No. He means a loan with 0% interest. The issue with that is depreciation. After a few years, you still owe more than the car is worth, especially with those lol 72-80 month loans people are getting nowadays. So if something happens to the car, you will be left without a car but will still carry the debt around.

As for leases, I guess those can be good deals if you are the kind of person who needs to always drive a car that is less than three years old.

EDIT:


Yeah, where you pay a certain amount a month for 4 years or whatever and then at the end either decide to buy the rest of the car or give it back.

Nevermind. You mean a lease then. If you are ok with paying thousands of pounds for a few years and still own nothing, then that is fine. Or, you can put the same money into a car that you actually own.

[Pepe]

Also, be aware that if you get a lease they will probably require you to have the most expensive insurance available and will also need you to have them do all of the work on the car themselves. These are things that you might do anyway, but worth considering. Also, mileage limits. Not sure how much you drive, but my former neighbour was leasing a car and she had to rent a car every time she traveled to Chicago to visit her family to not go over her mileage limit. :harold:

[randomlegend]

From what I've seen you can just set your own mileage limit. It slightly increased the monthly payment having a higher one but not dramatically.

I'll have to look a bit more into it I think.

[Giggles]

Just hold off a few weeks and buy a Bentley with Q Currency.

[randomlegend]

I can't believe I didn't think of that myself.

[Boydy]

Pretty sure you can get your insurance from whoever you like and you probably should get a registered dealership to do any work on your car anyway. Too many cowboys out there.

[Giggles]

Dealerships are the biggest cowboys of the lot.

[Baz]

Had a magic money man (my parents’ words) round earlier to discuss my finances. He was helpful but very vague.

I have a 5% savings account that is about to mature and it has £3000 in. When it matured last year it got put into another account with 1.1% interest. There is £671.36 left in it. This £3000 will be dumped into there (by the bank) on 28th jan and I’ll have th option to open a new 5% internet account.

I have two options:
Open another 5% account with £0 to start and then put £250 every month. This is the maximum you can pay in per month. Also open a 1.5% account (the money man suggested one called Marcus?) and put my £3671.36 in it. At the end of the 12 months, move the newly accrued £3000 over (+ any interest) from the 5% account again and rinse and repeat until Nationwide stop offering me this 5%/£250 limit account.

Or option two is to open the 1.5% Marcus account with my £3671.36 and pay £250 a month into there.

Which will result in the most money?

Appreciate any help. I know it’s small numbers to some but this is all my money so I wanna treat it well. :lol:

[Raoul Duke]

Sounds like you need a spreadsheet, Barry.

On a separate, personal, topic: anyone know much about https://transferwise.com/gb/borderless ? I want to move some money around so that I don't get shafted (so hard) when the country turns to a flaming hellscape when Brexit hits (I am really late to this but am trying to minimise damage...)

[Spikey M]

Pretty sure @Kiko mentioned it the other day.

[TG09]

Sounds like you need a spreadsheet, Barry.

On a separate, personal, topic: anyone know much about https://transferwise.com/gb/borderless ? I want to move some money around so that I don't get shafted (so hard) when the country turns to a flaming hellscape when Brexit hits (I am really late to this but am trying to minimise damage...)

Send me your money here, i'm in New Zealand :) it will be safe with me.

[Baz]

First one gives me £6795.62 and second one gives me £6747.00, according to a random online calculator.

5% one it is! :)

[Raoul Duke]

Send me your money here, i'm in New Zealand :) it will be safe with me.

You will just spend it on sheep and Hobbit shit. I know what goes on there.

[TG09]

You will just spend it on sheep and Hobbit shit. I know what goes on there.

Baaa, you got me.

Also coffee, coffee here is great.

[Kikó]

Sounds like you need a spreadsheet, Barry.

On a separate, personal, topic: anyone know much about https://transferwise.com/gb/borderless ? I want to move some money around so that I don't get shafted (so hard) when the country turns to a flaming hellscape when Brexit hits (I am really late to this but am trying to minimise damage...)

Just opened a card myself and now have a few different currency accounts. Think it's free to send GBP and they'll offer you an FX rate convert (which should be reasonable).

[Raoul Duke]

Just opened a card myself and now have a few different currency accounts. Think it's free to send GBP and they'll offer you an FX rate convert (which should be reasonable).

The thing that makes me twitchy with it is it's not FSCS-backed, so if they go tits up you could lose a bunch. Starling are opening up a similar product so I will be looking into that. Santander have something called a Gold Card too, which might be the ticket.

[Kikó]

I'm not sure how they're getting around cross border kyc regulations but I guess as it's retail and you're sending money in from a regulated bank they're taking comfort in that. It won't be profitable.

[hfswjyr]

Sounds like you need a spreadsheet, Barry.

On a separate, personal, topic: anyone know much about https://transferwise.com/gb/borderless ? I want to move some money around so that I don't get shafted (so hard) when the country turns to a flaming hellscape when Brexit hits (I am really late to this but am trying to minimise damage...)

Transferred all my GBP to NZD when I left the country with Transferwise, and all went smoothly.
I believe my mate was using a similar product called Monzo, but I couldn't tell you difference between that and Borderless.

[Kikó]

Monzo allow for borderless exchange fees not an actual foreign bank account like TW. Monzo is only GBP

[Kikó]

Tw Is offering actual accounts in local currency. Monzo offers borderless transfers but are only GBP.

[Boydy]

I opened one of those Help to Buy ISAs today. Not sure I'll actually use it but figured I should before the cut-off point in November anyway.

I feel like such an adult.

[Yevrah]

Anyone know of anywhere that I can register with (almost) immediately and sell shares through this afternoon?

[Boydy]

:sherlock:

Here (https://www.ig.com/uk/create-account) looks like they'll let you do it pretty much instantly.

[phonics]

Yev if you’re going to get involved in insider trading at least share the tip.

[Ian]

He's got shares in the Notre Dame gift shop.

[Boydy]

At least PM it to me since I tried to be helpful with a link.

[bruhnaldo]

Can i have some moneys please

[Yevrah]

Thanks guys.

No insider knowledge and the price has already reached the city's target price, so no wealth to share.

[Lewis]

He's selling shares in his sitcom. I've put three grand in.

[Yevrah]

Thanks for your support Lewie.

[Boydy]

Thanks guys.

No insider knowledge and the price has already reached the city's target price, so no wealth to share.

What was it then?

[Shindig]

He's got shares in the Notre Dame gift shop.

They sell brooms. Or they did.

[Yevrah]

I just had some shares in the company I work for and they've probably peaked, so SELL! SELL! SELL!

[phonics]

I'm not sure this is what people meant when they said 'Financial Institutions need to diversify'

https://pbs.twimg.com/media/D4S5LJPXkAARv5X.jpg:large

[Shindig]

Hey, this thread's a year old. The last of my fixed bonds (2.25%) is maturing next week and you'd better believe I'm going straight back into another fixed bond for 1.5%. Something to offset all my variable ones getting shafted by the interest rate drops.

[Lewis]

He's selling shares in his sitcom. I've put three grand in.

:lewis:

[Kikó]

Managed to pay a big chunk of credit card debts off this week. My pensions have lost 10% since the meltdown and Nutmeg pretty much break even.

[Spikey M]

Having kids is expensive bizniss, so we generally break even each month. This month, without trips to Zoo's, soft plays, etc we've managed to shove £700 in savings. Fuck me we've been wasting alot of money.

[Smjffy]

I couldn't imagine having children right now. Some of the stories I've read about parents on the breadline have been really tough. I'm so glad the only person I have to worry about is myself.

[Spikey M]

We're lucky (financially) in that I can work from home and my mrs works at a Supermarket so is working overtime at the moment.

I would be lying if I said that her job didn't stress me out though. I'd rather she binned it in the current climate.

[Smjffy]

Aye, I wouldn't fancy that. If circumstances allowed it I would have probably put a forcible end to that.

[Andy]

We have been saving a fair bit the last couple of months. Have cancelled a few train trips, got a refund from FlyBe, refund on our anniversary stay and the missus is saving £600 a month working from home.

That with just not actually doing anything is helping us save loads. We are still spending a bit of money, mostly on the house and garden. Also spending a fair bit with friends who run companies to help them through.

Hopefully we will have quite a bit more towards our deposit when we move next which will probably be needed if house prices drop and the equity in our house goes down.

[Foe]

Surely new place price will drop too?

I actually think I’m spending more on lockdown. I’ve lost my free lunch at work so basically buying an actual weekly shop of food rather than just snacking/light evening meal.

Thankfully I’ve no mortgage or car payments and hoping to take advantage of the drop and upgrade to a house. Getting rid of this flat might be a nightmare though.

House I quite fancied knocked 6% off their asking price. So hoping if this economic stuff is as per expected then might still be able to get it (or similar) for a good 10-15% under. That mitigates a similar drop in my flat. Realistically probably 6-12 months away at best.

[Giggles]

I’ve 7 years of a contributory pension that I have zero idea of any details about and no means of finding out about. It was all paid in pre 2008 though so it probably doesn’t exist any more anyway.

[Andy]

Surely new place price will drop too?

I actually think I’m spending more on lockdown. I’ve lost my free lunch at work so basically buying an actual weekly shop of food rather than just snacking/light evening meal.

Thankfully I’ve no mortgage or car payments and hoping to take advantage of the drop and upgrade to a house. Getting rid of this flat might be a nightmare though.

House I quite fancied knocked 6% off their asking price. So hoping if this economic stuff is as per expected then might still be able to get it (or similar) for a good 10-15% under. That mitigates a similar drop in my flat. Realistically probably 6-12 months away at best.

I'm assuming everything will drop by 10-15% as well, for us we dont have a huge amount of equity though so a drop could make a difference. Hopefully not if we can save a fair bit before then.

Also my pay has gone down 20% with the furlough scheme, no idea if that will make a difference.

[Kikó]

https://www.moneyadviceservice.org.uk/en/articles/trace-lost-pensions-and-request-pension-forecasts#tracking-down-a-personal-or-workplace-pension

Might help.

[AyDee]

Managed to pay a big chunk of credit card debts off this week. My pensions have lost 10% since the meltdown and Nutmeg pretty much break even.

Yeah, my Moneyfarm portfolios are down around 15% time-weighted and 20% simple/money-weighted. Annoying.

[Shindig]

Bollocks. I've locked myself out of my account and the call centre's only working 9-5 on a weekday now. :moop:

[Foe]

Anyone else had an dodgy ongoings during lockdown?

Thursday night someone tried to use
My credit card to buy face masks and straighteners.

Declined thankfully and card cancelled, but annoying.

[SvN]

One of my friends had confirmation of his request to get bank card and pin sent by post, which he had no idea about. He phoned the bank who said not to worry, because it's going to his house anyway.

A week later his account was cleaned out. Luckily he got everything back within a few days.

[Kikó]

https://nathantankus.substack.com/p/is-there-really-a-looming-bank-collapse

Long read and a bit technical in places but pretty interesting.