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"Trouble is pensions funds don't put much money into UK equities". Not true, I was a trustee and the accountant for a medium sized fund for many years and over 80% of it was in equities only the portion needed to pay pensions is usually in gilts and bonds.
Yield of current SP is actually 8.5% not the figure of less than 8% shown here today. This means LGEN effectively safeguards your money from inflation which is what most of us would hope for in today's financial climate. All the stories one hears along the lines of "made 20% this year" are mostly BS.
You need to be a bit stupid to "invest" in bitcoin, when I say that it has no intrinsic value, I know that is true because if it did you would be able to eat it, wear it, travel with it, or use it for some other utility, but you can't. All you can do is hope that some other mug will one day give you some real money for it and as we know, there are always plenty of mugs. Which is how the gambling industry survives.
Well actually quite a lot of people are stupid or rather they can't be bothered to think properly for themselves and prefer to let politicians and newspapers do it for them even though they know that both are inveterate liars. Thus as the man once said, we get the government we deserve.
"Bitcoin has gone up 20,000,000% since it's inception. Annualised, that's 1429% growth per year over the last 14 years." A superb demonstration that you can fool a lot of people most of the time, remember the Southsea Bubble? I do and I also know that Bitcoin has no intrinsic value whatsoever but there are plenty of fools out there and there always will be.
Yes my father and I in my younger days, did not have loads of unnecessary "stuff" like phones ,large colour tellies, freezers, cars, double glazing, dishwashers, etc.,and would have dreamed of farming his kids out most days. I know these are all necessities but how come we lived without them?
Isn't it amazing that despite all the gobbledegook which can regularly be read on these forums, every so often the "market" realises that some share prices have become illogically cheap and up they go again.
So yield of 8.47% as of today and they always pay dividends. Try getting something like that anywhere else today and you will have your work cut out. Sometimes the "market" behaves completely bonkers and that is often an opportunity to increase your wealth.