It`s different this time

chrisandanne

PasturesNew wrote: »

I am not a hippy. I just do things my way. The way that has proven to work for me.

I think your life sounds o.k there's a lot to be said for doing things your own way, as long as you're not making anyone else unhappy, where's the harm...great life.

I was a weekend hippy (had to work Mon- Fri)
Then I was a Yuppie
Then a Divorcee
And now I'm a Matriarch....I'd rather be doing my own thing TBH. :rolleyes: Ax

neverdespairgirl

PasturesNew wrote: »

Stuff's not fun on your own.

Yes it is!

mr.broderick

neverdespairgirl wrote: »

Yes it is!

I hope we are not referring to masturbating here :cool:

teabelly

PasturesNew wrote: »

All I have is my STR pot.

I have no pension, no savings, no investments, no bonds, nothing. Just the STR... so my next move has to be very carefully considered. No rash decisions. Head rules.

Something like contract for difference or covered warrant (limited loss) trading might be just the thing. You can do them online from the comfort of your own sofa. Both are a way of using the stock market in a geared way which means you don't need to risk thousands but with careful control of stops you can get the benefit of favourable movements as though you did but without losing your shirt. I have tried and discounted spread betting as it seems there is underhand behaviour . CFD trading seems more above board. Profits with CFDs and covered warrants are liable for CGT but you can offset it or trade within SIPPS and ISAs to reduce the tax you end up paying. If you can understand various types of charts then I bet you could be really good at it as you have plenty of time and few distractions. There is also currency (forex) trading but that seems to be hyped up rather a lot.

ixwood

Pobby and PN, you 2 are so made for each other! And he's obviously keen...

fc123

!!!!!!? wrote: »

The existence of the internet this time around makes information on what is happening (and why) much easier to come by, for anyone minded to look for it.



.

I haven't read the rest of the thread yet, but this jumps out at me....loads of people don't research at all.
I will post later (I have to do something else now) but I have a regular big spending customer who popped in the other evening...but actually just wanted to chat (we sell things but offer loads of free therapy too :rolleyes: ) and I found out her wealth (or should I say spending power) comes (or came) from property. Her fathers property business (yup, newbuild).....and it's all going horribly wrong.
Reading about it and actually chatting to someone one knows well (and we are talking really lovely girl of 28 here) who is being totally crunched is quite hard to reconcile.
In the past I have been privy to all her bloke problems etc and have offered sage advice (she says) but, even quoting !!!!!!,Generali and MooMoo etc(obviously just pretending it's all from my own brain;) ) it's still quite difficult.

Will tag it onto a relevant thread at some point (being the queen of anecdotal) but it's not new news, just what one would expect really.
And no , I don't get any satisfaction from it either. It's rubbish what is happening to her and her family business.

PasturesNew

ixwood wrote: »

Pobby and PN, you 2 are so made for each other! And he's obviously keen...

No. He just understands my personal madness.

PasturesNew

neverdespairgirl wrote: »

Yes it is!

People who have somebody don't understand what it is like to live entirely alone. To be alone.

When people with people choose to do something alone, it's different, it's a choice, therefore it's fun.

Remove choice from people and things aren't automatically fun.

If you take your best day out and remove everybody you went with, can you see how flat that day now is? Other people make things fun. By being there. The memories. Sharing the memory.

Even having somebody to tell about your time out/what you did when you chose to go alone, is part of the fun.

If you've gone out alone, and return alone, it's all just a bit pfft.

PasturesNew

teabelly wrote: »

Something like contract for difference or covered warrant (limited loss) trading might be just the thing. You can do them online from the comfort of your own sofa. Both are a way of using the stock market in a geared way which means you don't need to risk thousands but with careful control of stops you can get the benefit of favourable movements as though you did but without losing your shirt. I have tried and discounted spread betting as it seems there is underhand behaviour . CFD trading seems more above board. Profits with CFDs and covered warrants are liable for CGT but you can offset it or trade within SIPPS and ISAs to reduce the tax you end up paying. If you can understand various types of charts then I bet you could be really good at it as you have plenty of time and few distractions. There is also currency (forex) trading but that seems to be hyped up rather a lot.

Yes, stuff like that is overwhleming ...
There are a lot of new words in there.

Overall, I'm not sure if I could easily commit to that final "click" of commitment. The ocd I'd have in checking/double-checking, saying it out loud to myself slowly to check I was doing the right thing ... all a bit scarey.

But I like to think that maybe, one day ... I'll be able to research/understand and try a bit.

As for reducing tax, I won't be a higher rate tax payer and for the tiny amounts I'd dare to play with I'd be keeping it simple. Certainly not involving SIPPS/ISAs. Out of my league that is/sounds.

I'd be more nervous about forex.

While I could look at a list and randomly be happy picking to buy/buy/buy in a spud merchant and sell/sell/sell in aviation ... I've no experience of foreign currencies (never been abroad) and it would be way too risky for me to try to second guess what's going on in countries that I don't even know the location of.

I have very rigid comfort zones and I can't easily move out of them.

fc123

PasturesNew wrote: »

Yes, stuff like that is overwhleming ...
There are a lot of new words in there.

Overall, I'm not sure if I could easily commit to that final "click" of commitment. The ocd I'd have in checking/double-checking, saying it out loud to myself slowly to check I was doing the right thing ... all a bit scarey.

But I like to think that maybe, one day ... I'll be able to research/understand and try a bit.

As for reducing tax, I won't be a higher rate tax payer and for the tiny amounts I'd dare to play with I'd be keeping it simple. Certainly not involving SIPPS/ISAs. Out of my league that is/sounds.

I'd be more nervous about forex.

While I could look at a list and randomly be happy picking to buy/buy/buy in a spud merchant and sell/sell/sell in aviation ... I've no experience of foreign currencies (never been abroad) and it would be way too risky for me to try to second guess what's going on in countries that I don't even know the location of.

I have very rigid comfort zones and I can't easily move out of them.

And that's not a bad thing...a lot of that stuff sounds very 'Gamblingy' to me.
OK one is sussing stuff out and measuring risk etc...but still sounds 'gamblingy' to me.
Notrhing wrong with staying in ones confort zone.