Things to learn from this terrible situation.

colsten

ColdIron said:

I learned that a toilet roll lasts me 17 days which, at 200 sheets per roll, is just under 12 sheets per day, which surprised me

Sorry but you did ask 

I reckon there's a business opportunity in this as most females would probably not know how to get through the day on <12 sheets a day. You should consider a Youtube channel with a training programme. Watch out though, the toilet roll industry might send a hit squad after you, for fear of going bankrupt!


EDIT: Oh heck, just saw you would have serious competition

kinger101 said:

Terribly wasteful.....

https://www.youtube.com/watch?v=JofDuTmFpL8

JohnRo

veryintrigued said:

So what lessons have you learnt or have had reinforced?

That I'm a heck of a lot more comfortable holding equities, whatever markets are doing, than not.

Also that building a strategic investment cash pile is something I intend to pursue. I had planned to start it last year but events overtook me.

Username999

ColdIron said:

I learned that a toilet roll lasts me 17 days which, at 200 sheets per roll, is just under 12 sheets per day, which surprised me

Sorry but you did ask 

Bring back IZAL.

ruperts

If you have a LISA worth more than £16k (or combined with other savings worth more than £16k) and you run into hard times, you will have to sell down the LISA and take a penalty for doing so before being eligible for Universal Credit. For that reason I would not consider a LISA to be a suitable product for pension savings, even though it is marketed as such.

masonic

ruperts said:

If you have a LISA worth more than £16k (or combined with other savings worth more than £16k) and you run into hard times, you will have to sell down the LISA and take a penalty for doing so before being eligible for Universal Credit. For that reason I would not consider a LISA to be a suitable product for pension savings, even though it is marketed as such.

It depends what other savings and investments you have. If you happen to have a couple of years living expenses in savings and a S&S ISA worth >£100k, then you probably wouldn't have to dip into the LISA.

masonic

The main lesson I've learned is we're incredibly adaptable. What was a weird dystopian scenario just a month ago is starting to feel quite normal.

bostonerimus

Hope for the best, but plan for the worst.
So certainly keep some money in the markets for long term growth, but also have at least a year's worth of cash on hand for emergencies and don't take on unnecessary debt in good times that will hurt you in bad times.

Duckyduck

tommyedinburgh said:

Never put your house on the market two days before  lockdown. 

Edit - also pay off all your debts (excluding mortgage) within 48 hours of lockdown. 

Why pay off the debts?  If anything now would be the time to build up debts to keep liquidity and cover essential bills for an extended period.

Ciprico

Avoid p2p, 'they' always said it would end in tears and they were right..

Wealth preservation funds are not as dull as they first seemed...

Follow your instincts and not the herd, however well intentioned the herd is....time in the market does not trump sell high buy low !

colsten

Duckyduck said:

Why pay off the debts?  If anything now would be the time to build up debts to keep liquidity and cover essential bills for an extended period.

I am sorry, but for the average consumer, building up debts sounds a daft idea at best of times unless you are able to arbitrage the debts