Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Thanks all. Dont forget, HMRC ultimately get a % as tax.
If you have £100k in your pot and draw it down in one go, you could pay 40% or 55% tax. So, if you are feeling glum about VOD SP performance, which do you prefer? Pay £50k to HMRC or sit on £50k paper losses until you actually need to drawdown...aimo
Apologies I should also have added that yes you need money on deposit that you can get to easily & with interest rates approaching 4% this is a decent hedge if inflation does come down. Oh & I forgot I do have some individual shares now in 5 housebuilders as I see some long term profit there, in fact I see some very good profits there in a few years in that sector. GLAll.
Wise words from Vodger & from Rob as usual.
Although now retired but two years away from state pension I am receipt of an occupational pension & yearly dividends from my limited company which is still going. I was lucky enough to attend a “pre-retirement course” some years ago and the best advice given there was to try to allow for inflation, common sense really. Diversify your investments cos if you lose it all as a retiree you are stumped & try to invest with dividends received allowing for the dreaded ‘I’ word. Easier said than done in todays day & age though but I’m confident inflation will get better soon.
So far I’ve managed well with most of my dosh now in funds, I’ve sold out of individual stocks but am itching to have a play with VOD again, hence why I read the wise words here.
Vodger, a perfect analysis and also very good advice on dealing with the current situation, fully agree and that's exactly what i am aiming to do
Thank you
What is this moron going on about now ? O.K. So I do **** myself sometimes? ( with laughter at Mikey's crazy posts )?! Who wouldn't?? 1.12.5 for me please.
Congrats to Fred again - multi-gold medal winner !
And another silver medal to my growing collection.
'Time for a bit of stability this week me thinks - so I'll stick with all the ones please - 111.1 for 23/9
Cheers - C
Well said Vodger....
Robleo, the big psychology is moving from a working lifetime of accumulation to a retirement lifetime of decumulation. As soon as inflation is under control it will look better. Impossible to drawdown and grow the pot when inflation is 10%+ over a period of time imo so maybe hold 3 or 6 months cash to drawdown on and stop looking at the pot. Can still have a flutter on spread betting/ day trading but not the whole pot imo
Thank you, Roofer/Mole and Soton, for your opinions, if you have chosen a Sipp drawdown like myself, rather than an endowment, then a long-lasting recession or market crash is always going to be the biggest concern, nobody likes to see their pension pot shrinking, got my first state pension payment this month, which is definitely not enough to live on, so will need to be supplemented when i finish work in the next month or two, agree just hold on to the shares you have, and maybe top up at a discount price if you get a good opportunity to benefit from it
cheers guys, and hope we see an improvement next week
Thanks Roofer, 106.69 for me next week, many thanks
Reckon Mole hit the nail on the head with that...There's some bargains out there at the mo.....Be brave when others are fearful..... A quote from Warren Buffett
Been through 4 of these Rob since 1990 and the answer is the same. Hold and buy more of great companies.
Great question Robleo , the days of holding shares and retaining capital are long gone, i pondered today how long or if we will see a bull market again , answer was NO, topping up / averaging down is no no, selling , do you need money ie reducing mortgage , doing nothing probably best option, read yesterday that 80% of all trades on Dow are done by automated bots now...ATB
Strange times right now, most shares seem to be down right now, but not tragically down, just as they look like they have stabilized and bottomed out, they take another drop down, recession is not a certainty, but is a strong possibility
so, for you long time investors that have been through it before, what's the best way of dealing with it, do you sell up/top up/ or do nothing
cheers all and have a good weekend
.3 billion shares sold today vs 27 million bought
Accolade goes to FredRubble well done
Cheapshare 111.2p
Newsid 111.7p
Sontospike 115p
Wayzgoose 115.25p
Robleo 112p
CDSI 111.1p
FredRubble 110.69p
Danielh 116p
Roofer 113.9p
Closing SP 108.36p ( source iweb)
Highlight of week.. news of Vantage Towers caused a spurt......but fizzled.....enjoy weekend
quadruple witching day today probably influenced the sp ?
Rob, people getting back in fearing they have missed the bottom. Mate it’s not individual investors who dictate the SP here, it’s the pension funds & institutional buyers who make it move. All the while there is doom & gloom, poor broker ratings, downgrades etc there is only one way it’s going, I wish it were different.
VOD is now a trading stock, buy 100 to 105, sell 115 to 120 or hold for the dividend, unless that is there is a cut which IMO may occur to reduce debt particularly if earnings go south.
Sorry to add to the doom mongers but this is a board for opinions, GLAll
Looking good Cheapsharesboy - that was funny £1.10 !!!
The pattern is: it starts going up - people think the tide is turning and fear missing the bottom - then of course it reverses.
Impossible to call the bottom.
Might start going up as we run up to ex-div date?
Dan must have wet his incontinence pads with all the green filtered comments haha - sad depressing person
A little bit of news come out and people get excited - before you know it back we go - lower than we were at the start of the week . Doesn’t take long for the markets to realise it means nothing until Read decides he wants to accept the offers and as we know he very rarely does .
The Evil mole man. Well thanks for those re assuring words, but seriously, it is good to get a negative opinion from someone who isn't a complete idiot! Have a good day mate?
Somebody call a doctor for Mikey. He is totally obsessed, & seems to have lost the plot completely. There is just no pleasing him in his fantasy, Nick Read hating world. Why doesn't he just he get himself a dart board with Nick as the bulls eye, instead of boring us all with his moronic posts. Go away Mikey & sell you one vodafone share. You are an Idiot. A whole picnic short of a picnic.
Here we go again - back down we go . Cant hold any decent rises . Yet another downgrade comes out as well £1.20