Member Info for Just-Another-Bot

Welcome to stress, arguments, obsessive news watching and, pun intended, the occasional gold nugget in posting.

Oh NOW people are saying don't remortgage your house! 0_o Lol kidding, I have said I've borrowed to buy, BUT I gross 900 - 1000 a week and can cover it over the summer with no problem. I stopped short of selling the Rolex! And have £33k in mainly Polly (15,000, that's it, if it goes down to £1.50 I might scrapes some money together but I'm very happy sitting on that level) and a some JRS and a thimble of EVR, that's 22% of my total pension savings. Though I'm still working, I do already get a small but handy index linked pension of £7.5k a year (long and tragic story, I won't burden you with it :D haha) Talking of risk though, I do a job that I find easy and am more than happy to work a day / day and a half in retirement and bring in an extra £14k a year, Polly working out means I won't have to!! Said it before, rampers, sage-ers, de-rampers, numptys, run-for-the-hills-ers, appreciate all the input, I've learned a lot here.

The decision to levy the companies about cladding only came about because the government couldn't make the stink go away, their initial response was 'not our problem', then 'heres a bit of money' then 'well someone else will have to pay for it'. There may be a bold statements, but the world economy is loosing billions every week and peace will ease the financial strain, Ukraine rebuilding will become yesterday's news pretty quickly, although as in Iraq, international firms will descend to take a big slice of any money contributed / loaned for rebuilding. I do think you have a point though, some reparations may be demanded, success is another thing I suppose. All IMO and a stream of thoughts.

Talking of down trends, traders has a big buy just gone through? Nice jump.

*Thumbs Up emoji*

Hargreaves Lansdowne

https://www.understandingwar.org/backgrounder/ukraine-conflict-updates

"Key Takeaways

Russian forces are continuing to inflict air and artillery strikes on the Azovstal Steel Plant, indicating that a remnant of Ukrainian defense is still in the plant despite evacuations over the last few days.
Russian occupying authorities are reportedly planning to level the Azovstal Steel Plant after completing its capture, which directly undermines the large strategic economic importance of capturing the plant.
Russian forces continued to prepare for an assault on Severodonetsk and intensified operations around Lyman.
Russian forces continued to prioritize holding positions around the Russian border to prevent further Ukrainian advances north of Kharkiv City and will likely continue to do so at the expense of deploying additional reinforcements to other axes of advance.
Russian troops focused on maintaining their positions on the Southern Axis and on conducting rocket, missile, and artillery strikes along the frontline."

Non Poly specific but...

A few years ago a friend of mine retired he had a decent-ish work pension but no state pension as such (UK), as it was a defined benefit pension he was opted out of SERPS.

The government introduced a scheme to cover this temporarily, for every £10,000 you paid into HMRC you got £2600 back in annual pension. He is tight with his money and refused to pay the extra in., I asked him to borrow it to find it I raged at him for missing the opportunity, I said you will never ever get an opportunity like this to get such a huge return on your money! Now the government scheme was guaranteed and there is risk here, but I never thought I would see the day a private investor would have such a chance.....

Any opinions on this from the wise owls in the group? What it may bring / mean / will it happen?

Having said all that, something could come along and upset the whole thing, but then if there was no risk we would all be paying £15 a share and F-A's relatives wouldn't have a big pot of ISA waiting :)

Hey OOWHU I can't see the future any better than your good self. But in the investors day it was said that they are having no real problems offloading their gold in its various forms, silver was a problem but they where working on it, and it doesn't make up a major part of sales. Projects delayed but not abandoned. Announcement on Auditor due in next few (couple of can anyone remember?) weeks, and likewise info on if split is going ahead, they used fairly positive language regarding the split and eventually removing shares fro MOEX. I'm skeptical of the £3 valuation for Poly Kaz, given it can probably support a $1 dividend, selling a dividend IRO 50 - 70p per year for £3? You would have to organise crowd control. So apart from the war situation, I'm waiting for the above news and consequent, hopefully, share hikes. The media have tried their best to tarnish Poly (City AM "Troubled miner Polymetal" etc. But after the war ends and focus shifts elsewhere, IMO the big investors will be drifting quietly back, may take a while but they generally don't care much about morality, they want a return. Just think Keynesian economics. GL

The way I am reading it is there are no DIRECT peace talks going on, but various ambassadors, state heads and others shuttling between the two sides to try and move peace forward, before arms run out or millions starve.

Just my speculation, but I was confused by VP's "Yea it's not so bad" response to Finland and Sweden formally applying to join NATO. Then the day later one of the main peace brokers threatens to block the applications, deals being made behind the scenes maybe?

Hard to predict on sanctions, remember President Bush sr giving a big speech a long time ago, about how they will reduce Americans reliance on Saudi oil by using technology and refinements to use less oil and make America more independent, that turned out well 0_0

Reuters.com: Putin sees no threat from NATO expansion, warns against military build-up.
https://www.reuters.com/world/europe/russia-calls-finland-sweden-joining-nato-mistake-with-far-reaching-consequences-2022-05-16/

Wise words!

Thanks! GL on your investments wish I was so savvy I'm my 20's.

Fingers crossed for a nice leap on EVR when they get back. You've got years on me in that then, left it late and having to save silly amounts to get a pension together. I took the liberty of going on to thecalculatorsite.com and taking a stab at your compound interest, just on POLY, this is not financial advice, I strongly suspect you don't need any!! :) but if you reinvest even without much risk, you will be laughing for an early retirement, good on you if you decide that. GL DYOR DIOR DOOR ECT

Feeling for you on that, have sold a couple of dog eared going nowhere shares but nothing too big, actually helped me cut the rope with them. Have 14,000 shares now, not enough to make me a millionaire like some here :D but enough to make a big difference to retirement, even just on Kaz will make a difference. Am hoping it takes off soon, am hoping it hangs on like you, maybe I can get another 500 :) GL all, after all this drama and considered input you deserve a reward!!

Renault have pulled out of Russia, SOLD for one Euro and have a 6 year buy back option 0_o