Bloody hell - it's MELTDOWN on the FTSE

markelock

why would anyone be putting money into a pension?

if it's linked to the stock market, you're basically giving brokers and traders money,

in a market like this, you would, in my opinion, quite literally be mad.

if you can pay more than the minimum payments on a mortgage, and you are entitled to do so without penalties, you'd pay your mortgage off.

if you had money left over, you could consider gold, but in fairness, stick it in a bank, where, if you're earning 5%, your money is effectively stable, when you balance it against inflation.

WTF?_2

chucky wrote: »

Born to be Free just give up now...

Just forget about this user name and create another one - less embarrassing for yourself... that's what all the other nutters do...

Hah hah hah - 'Topov' makes a rare appearance again. Always seems to pop up to thank 'Chucky'.

How many personalities do you have on the go, DD?

Dithering_Dad

!!!!!!? wrote: »

I'd go back and take a look for that discussion but let me guess - Dithering Dad has deleted or edited all his 'contributions' yes? Am I right?

(I was PMed around the original time that DD first started laying into me by another member warning me about how DD'd done something similar to EdInvestor in other forums on the site before 'settling' in this group. I guess that's what the poster was referring to. :think: )

Yawn, this is getting boring !!!!!!. This same scenario plays out so often that I'll cut to the chase and give the abridged version.

1. I respond to some trolling by someone.
2. !!!!!! the consumate jackal jumps into the fray and posts his vitreol.
3. I respond to !!!!!! with a putdown.
4. !!!!!! runs off all teary about how I 'trolled' him.
5. !!!!!!'s little gang of housewives and sycophants gather round him with tissues and scold 'nasty DD' for picking on !!!!!!.
6. !!!!!! bravely sniffs his runny nose, wipes away his tears and tells everyone that 'he's ok.
7. REPEAT.

Yawn !!!!!!. Yawn. :rotfl:

WTF?_2

markelock wrote: »

why would anyone be putting money into a pension?

if it's linked to the stock market, you're basically giving brokers and traders money,

in a market like this, you would, in my opinion, quite literally be mad.

if you can pay more than the minimum payments on a mortgage, and you are entitled to do so without penalties, you'd pay your mortgage off.

if you had money left over, you could consider gold, but in fairness, stick it in a bank, where, if you're earning 5%, your money is effectively stable, when you balance it against inflation.

Pensions make sense for a number of reasons - principally that you get tax relief on contributions and that your employer will often match or exceed your own contributions.

You can often take control of the investment decisions too and diversify away from equities. And don't forget that long-term the stock market performs very well. The problem is that we get booms and busts and if you happen to be retiring during a bust well....... not good.

WTF?_2

Dithering_Dad wrote: »

Yawn, this is getting boring !!!!!!. This same scenario plays out so often that I'll cut to the chase and give the abridged version.

1. I respond to some trolling by someone.
2. !!!!!! the consumate jackal jumps into the fray and posts his vitreol.
3. I respond to !!!!!! with a putdown.
4. !!!!!! runs off all teary about how I 'trolled' him.
5. !!!!!!'s little gang of housewives and sycophants gather round him with tissues and scold 'nasty DD' for picking on !!!!!!.
6. !!!!!! bravely sniffs his runny nose, wipes away his tears and tells everyone that 'he's ok.
7. REPEAT.

:rotfl: Yawn !!!!!!. Yawn.

This is great stuff DD - you are coming apart at the seams now.

Pobby

Look guys. Help me out here `cause I am older than you. I am completely and utterly confused as to who is who and who is using multiple screen names. Please do tell me!

chucky

!!!!!!? wrote: »

Hah hah hah - 'Topov' makes a rare appearance again. Always seems to pop up to thank 'Chucky'.

How many personalities do you have on the go, DD?

the self proclaimed 5 foot 1 inch tall King of the Forum has arrived!!!

let us all salute him!!!

markelock

!!!!!!? wrote: »

Pensions make sense for a number of reasons - principally that you get tax relief on contributions and that your employer will often match or exceed your own contributions.

You can often take control of the investment decisions too and diversify away from equities. And don't forget that long-term the stock market performs very well. The problem is that we get booms and busts and if you happen to be retiring during a bust well....... not good.

I know where you're coming from, but for the last few years, the performances are so poor, that any contributions and tax relief are offset by the bad investments.

I think it's also a little bit of a lack of control that I don't like!
people spending my money for me! then driving home in ferraris!

Dithering_Dad

!!!!!!? wrote: »

Hah hah hah - 'Topov' makes a rare appearance again. Always seems to pop up to thank 'Chucky'.

How many personalities do you have on the go, DD?

Well considering that Chucky joined MSE in October 2004 and I joined MSE in Feb 2007, unless I have one of borntobefree's time machines, I can hardly have created Chucky as a 'flag of convenience', now can I?

With every attack on me you just make yourself look more stupid. You constantly moan about trolls disrupting threads, but you and your 'mates' are the worst offenders. You're even stupid enough to disrupt your own thread.

I feel that I have answered the trolling of b2bf and !!!!!!'s and will now (for the sake of the thread) not post anymore responses to these two idiots. Apologies again to other forum users, but I do think I am entitled to respond to accusations.

Cheers,
DD.

p.s. After having blown !!!!!! out of the water with the chucky Oct 2004 join date v DD Feb 07 join date argument, I have no doubt that he'll quietly move on to say that Topov is also me (or is Chucky, who we have established beyond doubt is not me). Give it up !!!!!!, the only person who is on here often enough to bother with multiple personalities is YOU. Everyone else is happy to post under their normal usernames, even if it's controversial. You're also the only person who 'cares' what people think of his username - you go so far as to insist that your posts are 'left on record for the national archives' for god's sake!! :rotfl:

kennyboy66_2

!!!!!!? wrote: »

Pensions make sense for a number of reasons - principally that you get tax relief on contributions and that your employer will often match or exceed your own contributions.

You can often take control of the investment decisions too and diversify away from equities. And don't forget that long-term the stock market performs very well. The problem is that we get booms and busts and if you happen to be retiring during a bust well....... not good.

If you are retiring in the near future & have a mainstream private pension, then most of your money will be invested in bonds / cash / gilts. If you have a SIPP & close to retirement and all your money is in shares then more fool you.

The bigger problem will be that if interest rates continue to fall then annuity rate will fall as well.

I think its a fantastic time to start drip feeding money into the stockmarket.

Sadly too many private investors panic and sell at times like this.