George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Ordinarily I would expect directors to buy to show their commitment, but why should CC buy? He's clearing up FM's mess and there's nothing he can do at these vanadium prices other than asset strip the company. Why would anyone expect him to buy under those circumstances? If he saves BMN then implements a plan for growth that requires shareholder funding, I would expect him to back himself buy.
Fixed Protection 2016, and yes that's well done for stumbling across it yourself. There is definitely value in the peace of mind that comes with a guaranteed income for many. I'm still a long way off retirement but hopefully I can have at least some stock market success. My pension is invested in a large passively managed index tracker fund, but the ISA is my play money for AIM
Yep was happy with that. It came with a 10 year minimum payout in case for peg it and it now seems as if they are getting inflation under control although it will be a bit of a concern if labour get in which is looking likely
Did well to get 6.7% !
Razor - my limit was 1,250k @25% so 312.5k. From memory it was called 2016 protection. Thinking about it no one advised me to do that it was just something I stumbled across fortunately. Then I was on holiday in Lanzarote and it coincided with Liz Truss spooking the markets and I converted the remaining pot into an annuity at approx 6.7% per annum. It’s not everyone’s cup of tea and not the most tax efficient way of withdrawing pension funds but I just love the certainty of that income stream each month. 56 now so will carry on working part time to top up and then call it a day at 60. Made a few poor investments on AIM but at least I got the pension right thank god.
To be fair Goatman the fact your clown reference was to me completely went over my head, quite funny looking back so happy to let it stand!
And I'm in agreement with your comment about ISAs and SIPPs, generally there's no point going between an ISA and SIPP in my opinion, the money in an ISA is tax-free when withdrawn (for now, who knows what changes the cash-hungry governments of the future will bring in).
The main benefit of making a contribution from your own bank account into a SIPP is that personal contributions get tax relief, i.e you deposit £80 and £100 goes into your SIPP because the provider claims the relief from HMRC and adds it to the account. Currently you can withdraw 25% of a pension tax free, up to the limit of £268,275.
Money that goes from your bank account into an ISA has already been taxed before you got hold of it via your paycheck, but on the withdrawal side ISAs are better in my opinion. When my money is already in one of the tax-wrappers, i.e an ISA or a pension, that's good enough for me.
The idea is to get as much money out of the bank/general trading accounts and into ISAs and pensions which are both tax-efficient in various ways. Obviously this isn't advice, so people should do their own research, but it's good to have a basic understanding of the products
Razor I referred to you as a clown in an earlier post and I now need to apologise and correct that. You are clearly an open minded individual who recognises differences of opinion. That is a credit to you and a very rare commodity here and in many walks of life.
Gold, bitcoin, markets at an all time high but aim in the pits as usual
Well goatman can't argue with that, if it's one thing I hate in CEOs its big ego, one of the things that absolutely tanks any company. Look at Boeing lately.
30% of all CEOs were previously qualified accountants and that the core reasons given were :
1) Commercial intelligence
2) Risk Management
3) Analytical skills
4) Less Egotistical mindset
I'm not paying to read that, what does it say in summary?
And some 🤡 disputed this
https://www.ft.com/content/fb4a8289-f8df-44d3-b6f0-48d476e775c2