couple of caveats to the ftse, you have to be constantly on top of your shares and react quickly, if you use a fund manager they charge fees and also can have off days. It is the same as backing the a horse in the 5.15 at Haydock, you have to be prepared to lose it. Food however does not have this downside.
Financial investment
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Hamradioop
- Posts: 2089
- Joined: Sun Jan 20, 2013 11:21 am
- Location: Area 1: north wessex
Re: Financial investment
“A nation of sheep will beget a government of wolves.” ― Edward R. Murrow
"Remember Politicians are like babies diapers they both need changing often for the very same reason" - Mark Twain
If voting changed anything, they'd make it illegal.
"Remember Politicians are like babies diapers they both need changing often for the very same reason" - Mark Twain
If voting changed anything, they'd make it illegal.
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Bad Wombat
- Posts: 195
- Joined: Wed Jan 15, 2014 10:03 pm
- Location: Worcestershire, UK
Re: Financial investment
Actually you can get the return of the FTSE100 (plus dividends) by just throwing the money in there and leaving it. Agree with your other comments though - there certainly is risk. But food can be lost through fire, flood, vermin etc...Hamradioop wrote:couple of caveats to the ftse, you have to be constantly on top of your shares and react quickly
Re: Financial investment
(It might just be my own paranoia speaking, so please feel free to ignore this point)
It might be that tesco and the rest are slowly (very slowly) trying to wean us off the value stuff, which i regard as a bad move as if you are flat and stoney, the cheap rubbish is a good way to at least keep your vital functions going until you can get it together to buy fresh good stuff
It might be that tesco and the rest are slowly (very slowly) trying to wean us off the value stuff, which i regard as a bad move as if you are flat and stoney, the cheap rubbish is a good way to at least keep your vital functions going until you can get it together to buy fresh good stuff
reperio a solutio
Resident and Co-Ordinator of AREA 2
Area 2 = Hampshire, Berkshire, Oxfordshire, Bucks
Resident and Co-Ordinator of AREA 2
Area 2 = Hampshire, Berkshire, Oxfordshire, Bucks
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featherstick
- Posts: 1124
- Joined: Mon Feb 17, 2014 9:09 pm
Re: Financial investment
INvesting in stock, materials, tools, assets is good of course, but it is also necessary to have savings on hand to cover 3-6 months' worth of critical outgoings - mortgage, gas, electric etc. You can't pay the gas bill with tinned tomatoes.
I know this is out of reach for some (including ourselves) but that's the advice. You need some savings for the bumps in the road.
I know this is out of reach for some (including ourselves) but that's the advice. You need some savings for the bumps in the road.
Re: Financial investment
Very true, you do need cash savings. No question about that. Regarding the stock market , We have never had a) the wherewithal b) the knowledge. We are wary of the financial institutions as my Wife and I were Mis sold an endowment mortgage. Then two private pensions. Therefore we are rather unsophisticated in our approach to money. Bills paid, food in stock, coal in the bunker and a bit of cash at the back of us.
Regarding food storage, I view it as buying at today's price and eating at tomorrow's , the return being more tangible to me. But Hey! That's me.
Regarding food storage, I view it as buying at today's price and eating at tomorrow's , the return being more tangible to me. But Hey! That's me.
In three words I can sum up everything I have learned about life: It goes on.
Robert Frost.
Covid 19: After that level of weirdness ,any situation is certainly possible.
Me.
Robert Frost.
Covid 19: After that level of weirdness ,any situation is certainly possible.
Me.
Re: Financial investment
@Jansman - if you still have those private pensions it may be worth getting them swapped over to new providers - in the 'old days' - say 1988 - 2000 pensions were pretty poor - expensive to run - technology has brought them on leaps and bounds. See an IFA, not someone tied to a particular provider, and not an IFA in a major chain and not St james Place.
Fair point about being stitched up over the endowment, but private pensions needn't be bad.
FTSE100 - you can't buy your shares and forget about them. Every 3 months the FSTE 100 is reassessed to see who the biggest companies are - some are relegated off, and some are promoted onto the list. Likewise you can't buy a tracker fund and match the performance as the fund will have charges, so will always perform sub footsie.
Anyway, back on topic - finding the true price of a food item is my way. I regard £4 for a jar of coffee to be right (I don't drink Nescafe) - when I see it at the right price I bulk purchase. There's a few regular items I know the price of and avoid when it is wrong.
Fresh food is killing me though - a) the prices and b) the non naturalness of them all these days.
Going to start on growing my own, the polytunnel arrived on Monday!
Fair point about being stitched up over the endowment, but private pensions needn't be bad.
FTSE100 - you can't buy your shares and forget about them. Every 3 months the FSTE 100 is reassessed to see who the biggest companies are - some are relegated off, and some are promoted onto the list. Likewise you can't buy a tracker fund and match the performance as the fund will have charges, so will always perform sub footsie.
Anyway, back on topic - finding the true price of a food item is my way. I regard £4 for a jar of coffee to be right (I don't drink Nescafe) - when I see it at the right price I bulk purchase. There's a few regular items I know the price of and avoid when it is wrong.
Fresh food is killing me though - a) the prices and b) the non naturalness of them all these days.
Going to start on growing my own, the polytunnel arrived on Monday!
Re: Financial investment
Thankyou. In my experience however , there is NO such thing as an INDEPENDENT financial advisor. After all, they are leaching my hard earned money into their own pockets. I suspect you are an IFA?adrian007 wrote:@Jansman - if you still have those private pensions it may be worth getting them swapped over to new providers - in the 'old days' - say 1988 - 2000 pensions were pretty poor - expensive to run - technology has brought them on leaps and bounds. See an IFA, not someone tied to a particular provider, and not an IFA in a major chain and not St james Place.
Fair point about being stitched up over the endowment, but private pensions needn't be bad.
FTSE100 - you can't buy your shares and forget about them. Every 3 months the FSTE 100 is reassessed to see who the biggest companies are - some are relegated off, and some are promoted onto the list. Likewise you can't buy a tracker fund and match the performance as the fund will have charges, so will always perform sub footsie.
Anyway, back on topic - finding the true price of a food item is my way. I regard £4 for a jar of coffee to be right (I don't drink Nescafe) - when I see it at the right price I bulk purchase. There's a few regular items I know the price of and avoid when it is wrong.
Fresh food is killing me though - a) the prices and b) the non naturalness of them all these days.
Going to start on growing my own, the polytunnel arrived on Monday!
Sorry to sound bitter, but I consider the entire financial industry to be parasites that live off other people's hard work. You only have to look at the banking industries shenanigans lately, rigging interest rates etc etc.
In three words I can sum up everything I have learned about life: It goes on.
Robert Frost.
Covid 19: After that level of weirdness ,any situation is certainly possible.
Me.
Robert Frost.
Covid 19: After that level of weirdness ,any situation is certainly possible.
Me.
Re: Financial investment
Just out of curiosity, what's wrong with St. James Place ? I've used them in the past for mortgages and not had a problem. I'm not sticking up for them, genuinely wanting to know if there's something I should know about. I'm intrigued now.adrian007 wrote: and not St james Place.
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Vespa
Re: Financial investment
Investing on the stock market is like riding a bike, driving a car or swimming, scary and dangerous if you don't know how to but certainly not beyond the skills of most people. The professionals ie. the people that like to take your money to give you advice, would like you to believe that it's an incredibly difficult thing to do. They would though wouldn't they, they make their money from the advice they give you.
Learn some basic rules and start small and it's not a financially dangerous or difficult as people think.
Having cash on hand is a prudent thing to do, especially if you were Greek. The Greek government can't devalue the Euro but just remember if Britain hit the rocks the UK government could and maybe would devalue the Pound and that means the value of any cash under the mattress or in a bank account would be devalued.
I know their are some mixed feelings about Gold and Silver on this forum as a tool for preppers but I hold some. Not for bartering or spending but as a hedge against economic turmoil. You can bury gold and it wont tarnish.
No advice intended, do your own research.
Learn some basic rules and start small and it's not a financially dangerous or difficult as people think.
Having cash on hand is a prudent thing to do, especially if you were Greek. The Greek government can't devalue the Euro but just remember if Britain hit the rocks the UK government could and maybe would devalue the Pound and that means the value of any cash under the mattress or in a bank account would be devalued.
I know their are some mixed feelings about Gold and Silver on this forum as a tool for preppers but I hold some. Not for bartering or spending but as a hedge against economic turmoil. You can bury gold and it wont tarnish.
No advice intended, do your own research.
Re: Financial investment
nearly right I suppose - I was an IFA until 3 years ago.
My ex wife, a solicitor took all that I had 7 years ago, I decided aged 40 and with nothing, I would go for a different lifestyle. Me and my new wife bought some land, we now live on it off grid, I don't do advising any more, and I'm glad of it, although I made a great many friends. I was an example of an IFA that you don't believe exists. Didn't help me get rich, but I could have done.
I merely commented because I see a fellow forum member doing something I believe will make them poorer.
St James Place - expensive and not as indepnednet as they seem = in my opinion.
It's not complex, but it might appear so if you think it's to do with predicting the future - it isn't, nobody can do that, least of all financial advisers.
My ex wife, a solicitor took all that I had 7 years ago, I decided aged 40 and with nothing, I would go for a different lifestyle. Me and my new wife bought some land, we now live on it off grid, I don't do advising any more, and I'm glad of it, although I made a great many friends. I was an example of an IFA that you don't believe exists. Didn't help me get rich, but I could have done.
I merely commented because I see a fellow forum member doing something I believe will make them poorer.
St James Place - expensive and not as indepnednet as they seem = in my opinion.
It's not complex, but it might appear so if you think it's to do with predicting the future - it isn't, nobody can do that, least of all financial advisers.