Member Info for dai2belts

GENI, 12 trades and up 28%, crazy stuff

TM1, just 2 trades so far ???

Trouble with those winter payments was everybody got them, even the wealthy pensioners who spent the winter in warmer climates. They should be for those below a certain income, and those at risk of developing health issues

Hex has been bouncing about too, but spud could see de-risking

I wonder if Matds rises to 4-5p are done with, not sure how many times its fallen back from 3p now ,,

GordenG seems wary of AGL

It used be you claim the mortgage payment against your tax, but not anymore,,

I think renting is more about getting somebody else to pay for your asset, unless you have lots of houses..

Put down your deposit say £15k, 25 years later, with a bit of luck the house is paid for, way better than thinking my savings are now the equiv of £8k..

Kev, still time for you to benefit from buying a house to rent,

Lol, I am way off that sort of money, but if I can start rolling 4x 50% per into each other then eventually it will happen..

This year it was possible to roll 4, but I failed to take the opportunity...

But when I get to that, IF, then its going to be harder to sell so large

I have that IG demo account , maybe I should be practicing on IAG and VOD

Https://www.lse.co.uk/rns/VOD/merger-of-vodafone-uk-three-uk-2b9avlbi3hhw9qg.html

Merger

https://www.independent.co.uk/business/vodafonethree-ps15bn-merger-delayed-further-as-watchdog-extends-probe-b2590268.html

I was thinking about that, as I have considered doing the same with IAG, but the range is a lot tighter, maybe 1-2%, so you need to put down a lot to scalp £100.. So VOD you need half the cash, for a better return, and since they have £500m for a share buyback I doubt they are likely to disappear like some telecoms companies

But building those skills would come to fruit if I get to the stage where I can afford to place £50k for a quick in and out, and pull in a frequent income

When I was in my 20s, saving rates were 7-8%, probably fixed 1 year, so if you wanted to spend a year out of work living off the interest wanting £10k , £200k would have given maybe £14k

Pre-covid, interest rates around 1%, then you would need over £1m saved to be in the same position

Now you can get 4% fixed rate, 1 year, so you need ~£250k

So you can see how it affects people living off savings

Savings rates are important at all ages, if you tuck away £5k for a bad day in your 20s, and then need money sometime in your 50s, you will find its worth Fk all compared to what it was..

lol at my age you realise how much your savings have been devalued, take a look at what you could do with say £40k in the late 1990s, as opposed to tucking it away in a cash ISA then, until today...

Well 1998, you could buy a decent house outright, now its a deposit and maybe a new kitchen..

CPI

May 23 to May 24, 1.97%

June '23-'24, 1.98%

while my house and car insurance wanted an extra 38% and 25%, and my bottled beer up 20% ?

So there has been a big jump in the cost of living over 2 or 3 years, then all back within target the last year..

That jump devaluing many Governments debt, at the expense of long term savers, like pensioners, so a stealth tax helping to reduce the value of a countries debt

Makes you appreciate a 5% win on AIM

Seems to trade a range, over a a week or so, maybe 4-5%.. Also has a share buy back to support the price

https://www.lse.co.uk/ShareChart.html?sharechart=VOD&share=Vodafone

April it was trading at 5p, and only trading above 7p recently

https://www.lse.co.uk/ShareChart.html?sharechart=PXEN&share=Prospex-Eng

I think violet is our PXEN expert

Savings, Mmmmm, trouble is they can rapidly lose buying power,,

We just had a long period where savings rates were close to 1%, giving pi55 poor return eroding their value for years.. But the prices of things remained fairly stable.. Then came the recent inflation with some things quickly doubling in price especially if labour costs are involved, and almost everything costing significantly more,...thats a bigger impact on your savings.. So far better to spend on expensive things before inflation makes them more expensive while your savings buying power erodes..

All that probably makes low cost loans attractive

Been hearing some students a racking closer to £100k, but I bet they don't live on lentils, wear flares ad have holes in their shoes

Sure one UK recession was left behind by getting the country spending on tick

Yep, we can't change things, just need to know our place

Https://uk.investing.com/news/economic-indicators/us-jobless-claims-seen-at-233000-last-week-below-expected-241000-3639903

Lifes not that simple for some, illness, losing a well paid job, divorce and the X taking the house and claiming for the kids, or a combination of, rents over £1k per month in cheap areas..

The recent inflation has greatly reduced peoples saving, maybe for retirement or emergency money for a new roof or some misfortune, while at the same time reduced Gov debt just like it does to your mortgage over time

If people stopped borrowing that would hit the economy, probably put the country into recession, Govs need people to get into debt to keep the wheels turning

letting house prices spiral out of reach of some, encouraging house price increases through tax breaks when the economy slows, is great for gov stats when comparing the wealth of the uk population with Europe

You have China on military exercises with Russia on the Ukrainian boarder, throwing their weight around the South China Sea.. and our shops full of Chinese goods helping to finance it all.. who are the guys who encouraged the trade ?

lifes not that simple