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If you are wearing my shoes. (Redux)
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Thumbs_Up said:
Lloylds will be ok with dividends this year.0 -
Interest rates up this year, share price up this year ?
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Thumbs_Up said:Interest rates up this year, share price up this year ?0
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I’m not dreaming for the Porsche on the drive, just slow steady growth. I will be out of the game when I 65, so I have 10 years...
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Thumbs_Up said:I’m not dreaming for the Porsche on the drive, just slow steady growth. I will be out of the game when I 65, so I have 10 years...2
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You are not wrong, it all depends on risk and appetite. You may want a world cruise, i don't. You my want a new car, i don't. I have some leeway, you probably don’t. But i say again you are not wrong.
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Thumbs_Up said:QrizB said:Thumbs_Up said:I am a single man with no children, currently not in a relationship, unemployed and living with a relation. Claiming no state benefits soon to be 55 years of age and frugal.... will be looking for a home to purchase some time in the future.Your assets & pensions could (if invested carefully) yield you something like £24k pa indefinitely, but if you spend £200k on a home that number is going to be more like £15k. Which might still be OK for a frugal single man.No, I did not overlook the state pension, although I was somewhat pessimistic with £24k/15k. It's £26k/£20k.You have £500k of assets plus pensions and are 55 years old.
- 55 to 60 - 5 years @ £26k from assets - £130k
- 60 to 67 - 7 years @ £23k from assets - £161k plus (£3k pension pa)
So at 67 you'll have spent £291k from your £500k and have £209k left, plus £98k from your DC pension. That's £307k. Safe drawdown rates are much discussed but if we go with 4%, £307k will yield £12k pa. Plus state & £3k pensions makes £25k pa for the rest of your life.If you spend £200k on a home, you're only starting with £300k.- 55 to 60 - 5 years @ £20k from assets - £100k
- 60 to 67 - 7 years @ £17k from assets - £119k plus (£3k pension pa)
At 67 you'll have spent £219k and have £81k left, plus £98k DC - total £179k. 4% drawdown will yield £7k, Plus state & £3k pensions makes £20k pa for the rest of your life.My model isn't very complicated but you can see how I got those numbers.N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill Coop member.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.0 -
If you are unemployed, why are you not claiming Job seekers allowance, and looking for work?
Are you paying rent to the relative you live with?0 -
eskbanker said:Thumbs_Up said:I’m not dreaming for the Porsche on the drive, just slow steady growth. I will be out of the game when I 65, so I have 10 years...Thumbs_Up said:You are not wrong, it all depends on risk and appetite. You may want a world cruise, i don't. You my want a new car, i don't. I have some leeway, you probably don’t. But i say again you are not wrong.
My post was referring to the fact that (sufficiently diversified) collective investments are inherently less volatile than individual shares, and are therefore intrinsically more suited to a stated objective of steady growth (although neither can really guarantee this).
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Thumbs_Up said:You are not wrong, it all depends on risk and appetite. You may want a world cruise, i don't. You my want a new car, i don't. I have some leeway, you probably don’t. But i say again you are not wrong.
Maybe I am wrong but it sounds like getting your fingers burnt on these individual shares by taking a very high risk approach has now made you super wary of investing at all and wanting to take the super low risk but at the moment negative reward of sitting in cash. You need to reset your risk / reward attitude and look for the right investments that will deliver the steady growth for manageable risk (or as above volatility).
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