Brexit the economy and house prices part 6

boo.boo

The London housing price fall discussion is really fascinating.

We bought our flat in Zone 2 in 2016 and we are going through remortgaging our property. We got our property revalued in order to get an accurate LTV and surprisingly our property has increased in value by 11%, it's a new build and we have done nothing to it.

There will always be a market correction, but I think that the affect will be lower in London than the rest of the country.

Moby

https://www.independent.co.uk/news/uk/politics/eu-workers-uk-tax-treasury-brexit-migrants-british-citizens-a8542506.html


I'm sure our brexiteer bretheren will only be too happy to cough up?

scaredofdebt

lisyloo wrote: »

Are you suggesting no-one invests their pension in the stock market AT ALL because there are cycles? or that you stop investing at drawdown and put it in cash? Why would you pick that point in particular if you have an estimated 35 years to live?

I'm suggesting you don't put all your eggs in one basket especially as you near retirement. The stock market will perform over a period of time pretty much regardless but as you get closer to retirement you can't rely on that. The usual advice given is to move your funds into safer investments such as bonds, cash etc as you get nearer retirement.

The problem with global stocks is there could be a global recession.

lisyloo

I'm suggesting you don't put all your eggs in one basket

Totally agree. My pension is a combination of equities, bonds, gilts, property, cash etc and not 100% equities.
Also makes sense to hold property and cash outside of a pension wrapper.

especially as you near retirement

I don't think that's as clear cut as it used to be when a lump sum was used to purchase an annuity.
If you are using drawdown then some of the money may not be drawndown for decades. 35 years is quite realistic given our expected longevity if your retiring at 55.

The usual advice given is to move your funds into safer investments such as bonds, cash etc as you get nearer retirement.

Thanks but I still don't totally agree with the "as you get nearer retirement". We (mostly) aren't buying annuities at retirement with a lump sum. A lot of us will be drawing down more gradually so a phased approach makes much more sense doesn't it?


I agree with you on the approach but not on the timescale as many of will still be investing 30 years after retirement.
I'm interest to know why you think long term funds e.g. 20/30 years shouldn't be invested the minute you start drawdown.

mayonnaise

Moby wrote: »

https://www.independent.co.uk/news/uk/politics/eu-workers-uk-tax-treasury-brexit-migrants-british-citizens-a8542506.html


I'm sure our brexiteer bretheren will only be too happy to cough up?

It's the economically active who'll need to cough up. The wealth generators, the jobs creators, the risk takers....aka Remainers.
Our brexiteer brethren will happily continue to snipe from the sidelines while contributing big fat zero.

davidwood681

mayonnaise wrote: »

It's the economically active who'll need to cough up. The wealth generators, the jobs creators, the risk takers....aka Remainers.
Our brexiteer brethren will happily continue to snipe from the sidelines while contributing big fat zero.

:rotfl:

Wasn't it the Brexit supporters who were the risk takers?

Zero_Gravitas

davidwood681 wrote: »

:rotfl:

Wasn't it the Brexit supporters who were the risk takers?

i

That assumes they were capable of recognising what a risk actually is...

If you think you’re going to make the easiest trade deal in history, then you’re really not thinking very much about what could go wrong - especially when you then dismiss anyone who actually points out the risks as being unpatriotic and talking the country down...

As an aside, it was really good to hear Nigel Farage on the Today program this morning. It’s important that we are reminded what a truly egregious person he is every now and then.

davidwood681

Zero_Gravitas wrote: »

i

That assumes they were capable of recognising what a risk actually is...

If you think you’re going to make the easiest trade deal in history, then you’re really not thinking very much about what could go wrong - especially when you then dismiss anyone who actually points out the risks as being unpatriotic and talking the country down...

As an aside, it was really good to hear Nigel Farage on the Today program this morning. It’s important that we are reminded what a truly egregious person he is every now and then.

Ironic seeing as you are the one implying Brexit supporters are a bit thick and ''dismissing'' their views and votes

ben501

Farage is going to love this. Brexit migration report: 'No preference' for EU workers

Isn't that what he's been saying all along?
At least as far as 2015

Importantly, Ukip wants to ensure that highly skilled people from the Commonwealth – from India, Canada, New Zealand, and beyond – get a fair chance to get into Britain, unlike now, where we give precedence, via our open border with the European Union

Zero_Gravitas

davidwood681 wrote: »

Ironic seeing as you are the one implying Brexit supporters are a bit thick and ''dismissing'' their views and votes

I haven’t implied anything of the sort. If someone is prepared to state that the trade deal with the EU is going to be the easiest in history, then either they really haven’t thought about and recognised the possible risks - or they’re being deliberately disingenuous. Neither of which is an attractive quality in a member of the government.