The Game Group Shares (GMG.LSE)

bigadaj

This approach possibly explains the withdrawal of cb for higher rate taxpayers possibly.

atush

My approach means my kids have that money and more. And i didn't spend it on fags, posh trainers or down the pub.

CB is not a gift, it is the replacement of a tax allowance for each child like in most other western countries.

So instead of a higher personal allowance of x per year, it is given tot he mother in cash so the father doesn't spend it on pay day down his local.

brasso

atush wrote: »

My approach means my kids have that money and more. And i didn't spend it on fags, posh trainers or down the pub.

CB is not a gift, it is the replacement of a tax allowance for each child like in most other western countries.

So instead of a higher personal allowance of x per year, it is given tot he mother in cash so the father doesn't spend it on pay day down his local.

You can't beat a good stereotype!

Re the OP - seriously, I'm delighted for you that the gamble paid off but I still would have sold at 100% profit. I've never regretted selling at a good profit (for me, anything over 20%) even if the prices have continued upwards. The reason I never regret it is the stack of painful earlier memories of not taking a profit on a speculative punt and seeing values drop sharply.
We all have our different approaches. Unless I'm in for the long term, as I said anything over 20% will usually do me -- and often less if I'm not optimistic. It also avoids the terrible urge to check the markets every 5 stressful minutes.

gadgetmind

brasso wrote: »

You can't beat a good stereotype!

Atush's explanation is *exactly* the one that my mother gave me over 30 years ago when she explained family allowance to me and my brother.

Neverland

bigadaj wrote: »

This approach possibly explains the withdrawal of cb for higher rate taxpayers possibly.

Someone should post this thread to George Osborne pronto to stiffen his resolve before budget day...

brasso

gadgetmind wrote: »

Atush's explanation is *exactly* the one that my mother gave me over 30 years ago when she
explained family allowance to me and my brother.

Righto.

:huh:

ses6jwg

Its true enough what has been said on cb.

I meet people with children on low incomes day in day out who happily pay £80 pcm for sky tv, but they refuse to even discuss any form of life insurance.

I KNOW FOR A FACT WHERE THE CB IS REALLY GOING

Frightening.

brasso

ses6jwg wrote: »

Its true enough what has been said on cb.

I meet people with children on low incomes day in day out who happily pay £80 pcm for sky tv, but they refuse to even discuss any form of life insurance.

I KNOW FOR A FACT WHERE THE CB IS REALLY GOING

Frightening.

Wow! That is truly shocking.

Seriously, you should write to your MP about this, and indeed go to the police station and report it. Anyone charging £80 a month for Sky TV is a rogue who needs bringing to book without delay.

thelawnet

brasso wrote: »

Wow! That is truly shocking.

Seriously, you should write to your MP about this, and indeed go to the police station and report it. Anyone charging £80 a month for Sky TV is a rogue who needs bringing to book without delay.

Sky World (the movie channels, 3d, hd, and sport) is £63.25/month.

Add on say MUTV and an extra Sky Box, and you are at £80/month.

With phone + broadband it would be over £100/month.

atush

I actually know some mothers from my children's school who spend the CB on cigs, sky and the like. That is what is shocking.

Personally, I would be fine with a tax allowance per child, and cash/cb only given to those on low incomes who don't earn enough to use those allowances. But better yet, id like to see those parents save that money like I do for their children's future. Or spend it on books, fresh food incl fruit and veg instead of takeaways and other thigns that would benefit their children as opposed to themselves.

Many parents use the CB to fund those CTFs that labour handed out. Mine didn't get CTFs, so I bought stock and investment trusts with it that are now helping to pay their way at University alongside money saved from taxed income. I dont't think that is bad, I think it is being spent on the children not myself.