Member Info for TheFarEnd

Trouble is 88, defined contribution schemes are so restrictive. You'll typically have a choice of just 3 managed funds described as something between passive and aggressive with the lifestyle option, a given unless you opt out.

As proven by events, the stock market has been volatile, it has provided more security than supposedly safer assets.'

"While bond markets have been rocked, the global stock market has risen by an impressive 35.7 per cent over the past three years."

"Eurozone economies have been warned the currency union will be “weak” for years after the European Central Bank opted to freeze interest rates.

Mr Lyddon, founder of Lyddon Consulting Services, told Express.co.uk: “The first question is why household real incomes should recover."

“That requires both employment levels and wages to go up more than inflation and any rises in taxes."

“That happens when the economy is strong, the government is taking a smaller slice of the cake, and there is a resultant shortage of labour.

Mr Lyddon also highlighted an inherent assumption embedded in the ECB’s analysis of the current economic climate, which he characterised as “when the demand for euro area exports recovers”.

He asked: “What is the destination of those exports?

“The non-euro countries of the EU? The UK? The USA? Russia, with the embargo? China, with the problems in its real estate market?

There is no country or region that is buoyant enough to buy more euro-area exports in sufficient quantities to move the dial."

He's saying we're all fkd then, but the eurozone is more fkd than the rest of us, just as I suspected.

Last week Hamza Useless was calling for more immigration, this week his refugee's minister is calling for more money to house the existing ones.

Just saying.

Thousands approaching retirement have missed out on so-called safe managed low risk 'lifestyle' pension funds. Just another reason I transferred to a SIPP. Atm, mine should end up as part of my estate, but you never know what the future holds.

Far from protecting you from stock market volatility when approaching retirement, these funds have been a disaster for many.

"For example, the Aviva Pension Pre-retirement Fixed Interest pension fund has lost 33.4 per cent over the past three years. The Vanguard LifeStrategy fund, which invests just 20 per cent in stocks, is down 12.7 per cent in that time. Meanwhile, Clerical Medical's Retirement Protection Pension, which invests almost exclusively in UK Government bonds, has lost a staggering 52.3 per cent."

Even if you don't match the performance of a managed pension, you're certainly in a position with a SIPP to act instantly, to correct things when needed.

https://www.thisismoney.co.uk/money/pensions/article-12682773/amp/How-safe-pension-fund-plummet-30-year-retire.html

Whilst every man and his dog are moaning about direction and talking this down I'm quietly adding to my core investment here even though by doing so I'm adding to my average.

Call yourselves investors, the nearest you lot came, is that your mother slept with one.

Take a couple of days off its the weekend.

"Law firm Travers Smith investigating into the decision by Coutts to cut Farage as a customer. It said the review found shortcomings but decided the move was lawful." The firm's chairman is a well known remain lawyer.

Just saying.

Avocet123

You seem to be fixated on the UK auto industry. This is the second time you've posted this, replying to your own posts lol.

I've worked in Slovakia with suppliers back in the 90's, nothing to see here.

Automotive companies operating in Slovakia:

"Volkswagen since 1991 in Bratislava, Martin, and Stupava, PSA (Peugeot and Citroën) since 2003 in Trnava, Kia Motors since 2004 in Žilina and Jaguar Land Rover in Nitra since 2016."

Something up to date for yer.

UK car manufacturing rose by 39.8% in September with 88,230 vehicles leaving British factory lines – 25,105 more than the same month last year, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT). Output increased for both domestic and export markets, with production for the UK up 65.9% to 23,503 units and overseas shipments rising 32.2% to 64,727 units.

There's not much worse than an embittered remoaner, get real and give it a rest loser.

After 10 rate increases the ECB has decided to leave rates unchanged.

"He’s evidently been smoking something again TFE."

Yeah, he tried his best with all sorts of deflection news on what was an excellent results and subsequent turnabout day. Failed again.

Surprised chid didn't turnout today she was quite vocal yesterday. 🙂 Just saying.

"Germany to Pass Japan as Third-Largest Economy"

Have you been to Germany lately DT? More to the point have you ever been to Germany?

"Top venture capital firms have thrown their weight behind a move to channel pension cash into start-ups today as the government accelerates its efforts to get more retirement money flowing into the economy."

Good luck with that one, MPs aren't investing, as reported yesterday in the FT

"MPs’ pension fund shuns UK equities"

Usual murmurings from the so-called experts…

PoundSterlingLIVE - One of the UK's most accurate economic forecasters says UK house prices look set to experience a strong rebound in 2024 as a result of falling mortgage costs and improved household balance sheets.

But, Samuel Tombs, Chief UK Economist at Pantheon Macroeconomics, says house prices will fall further from existing levels over the next six months amidst elevated interest rates.

Tombs has on various occasions been rated the top UK forecaster by Refinitiv, Bloomberg and the Sunday Times.

"We still think house prices will drop by 6% peak-to-trough, with the nadir coming in March," he says.

UK house prices actually rose in August, said the ONS, and Pantheon Macroeconomics says this confirms an ongoing resilience in the housing market, but a hit to affordability from rising interest rates has been too significant for prices not to fall materially from here.

The buyers jumping on the housing ladder at all costs these last year's, pushing prices to levels unseen before are the same people who are moaning the loudest about interest rates.

Average rates over the last 42 years are 7.11%. At 5.25% the cry goes up.

It's not fair, 😢 how did we survive?

Here's the official figures for civil servants WFH.

https://www.gov.uk/government/publications/civil-service-headquarters-occupancy-data/civil-service-headquarters-occupancy-data-for-may-2023

LBG struggling from the bell, down nearly 2.5%

"We are in recession and no amount of sticking plaster and whitewash will fix that."

He's talking about Scotland livestock, and he's correct that "no amount of sticking plaster and whitewash will fix" what the SNP have achieved for the masses up there.

No prizes for guessing why Daft Trader is so active today. You don't have to look at prices anymore just count the number of DT's posts.

LONDON (Reuters) - Britain recorded a smaller-than-expected budget deficit of 14.347 billion pounds ($17.37 billion) in September, the Office for National Statistics said on Friday.

A Reuters poll of economists had pointed to public sector net borrowing, excluding state-owned banks, of 18.3 billion pounds.

Government borrowing between April and September, the first half of the 2023/24 financial year, totalled 81.7 billion pounds, 15.3 billion pounds more than in the first half of the previous financial year.

Another c50 point drop on opening atm, and the invasion hasn't started yet.

MD (Falky) is just finishing his draft post, entitled "I told you so."

Chips will be pleased with gold continuing this month's rally.

And a few losers are still rabbiting on about a democratic vote from seven years ago. You couldn't make that bit up.

Daft trader will be making more contributions than normal, he seems to get excited during a downturn.

Keep yer hand off that buy button for now, or as DT would say DYOR.

Have a good day, the weekend is up on us, I'll be down the juicer later.

Just saying.

Today was another quiet sell off day, with the FTSE making its displeasure with the middle east known. Costing me and many others thousands. Same as the Lloyds BB, very quiet. Then it all kicked off, a sudden explosion of posts! Let's hope the only thing kicking off is this BB, otherwise the debate will change rapidly. A 7500 point FTSE might be something that we all would wish for.

Funny old world.

PoundSterlingLIVE - A major UK-based bank has upgraded its UK growth forecasts following the sizeable revisions recently announced by the ONS and the economy's resilient performance in the first half of 2023.

Standard Chartered (LON:STAN) says a lower terminal rate at the Bank of England than was previously expected should also ameliorate growth headwinds in 2024.

"We previously anticipated a three-quarter recession beginning in Q4 this year, but that was predicated on the Bank of England taking the base rate to 5.75%. A terminal rate of just 5.25% (now our base case, supported by this week’s inflation and labour-market data) could be sufficient to avoid the onset of a technical recession," says Christopher Graham, an economist at Standard Chartered.

Not obsessed with the Scots at all Ww. It's just that we've had to endure years of the likes of the chuckle brothers spouting their bile at the English and how things would be different when "we gain independence."

Well that ain't gonna happen, not in your lifetime or the chuckle brothers for that matter.

If you can't take it don't give it. I'm not saying that you are one of the antagonists, but you'll get dragged into the argument by defending them.