S&P500 at record highs - time to stay in or pull out?
Discussion
PeteTaylor99 said:
What I find interesting is the relationship between having money in retirement and not. In my experience it s materially correlated to the premium bond investor stocks are a scam; type sadly they have told their offspring the same . Most of my retired friends are poor and complain. Pension is s
t etc etc. boggles my mind. Whilst they were spending I was investing-very simple. You d think it would cotton on. It doesn t because the majority are lazy and weak. They won t go without for 5 minutes-that s Uk plc
I may be totally wrong in this but isn't that a good thing for the people who do invest and retire with money, as the demand for the typical retirement purchases like holiday homes, cruises and classic cars is smaller?t etc etc. boggles my mind. Whilst they were spending I was investing-very simple. You d think it would cotton on. It doesn t because the majority are lazy and weak. They won t go without for 5 minutes-that s Uk plcEdited by PeteTaylor99 on Thursday 16th April 21:47
I want a Ferrari when I retire if every Tom, Dick and Harry has a £2m pension fund, more retired people will be buying them pushing the price up.
Edited to add, look at E Type prices once the people who grew up wanting one had the money to buy one the prices started going up.
Edited by Josemartinez on Thursday 16th April 22:39
PeteTaylor99 said:
did I touch a nerve? I'll be clearer. Short term parking money as opposed to long term investment in PB is a bit thick imo 
There must be other areas of PH where you could deploy your talents more fruitfully than here. Your insight and analysis is too advanced for this Finance forum.PeteTaylor99 said:
What I find interesting is the relationship between having money in retirement and not. In my experience it s materially correlated to the premium bond investor stocks are a scam; type sadly they have told their offspring the same . Most of my retired friends are poor and complain. Pension is st etc etc. boggles my mind. Whilst they were spending I was investing-very simple. You d think it would cotton on. It doesn t because the majority are lazy and weak. They won t go without for 5 minutes-that s Uk plc
There are many peeps who will want the latest £1000 iPhone, but I'd rather have a £200 Android and have £800 available to invest.t etc etc. boggles my mind. Whilst they were spending I was investing-very simple. You d think it would cotton on. It doesn t because the majority are lazy and weak. They won t go without for 5 minutes-that s Uk plcEdited by PeteTaylor99 on Thursday 16th April 21:47
I think that's what he's getting at.
pingu393 said:
There are many peeps who will want the latest £1000 iPhone, but I'd rather have a £200 Android and have £800 available to invest.
I think that's what he's getting at.
Without those people you have a recession and failed investments. I think that's what he's getting at.
The world economy relies on people buying expensive trinkets.
732NM said:
pingu393 said:
There are many peeps who will want the latest £1000 iPhone, but I'd rather have a £200 Android and have £800 available to invest.
I think that's what he's getting at.
Without those people you have a recession and failed investments. I think that's what he's getting at.
The world economy relies on people buying expensive trinkets.
I waste my money on foreign holidays and cars. Proper stuff - not disposible crap
I do like Apple shares - most of the time .Josemartinez said:
I may be totally wrong in this but isn't that a good thing for the people who do invest and retire with money, as the demand for the typical retirement purchases like holiday homes, cruises and classic cars is smaller?
I want a Ferrari when I retire if every Tom, Dick and Harry has a £2m pension fund, more retired people will be buying them pushing the price up.
Edited to add, look at E Type prices once the people who grew up wanting one had the money to buy one the prices started going up.
I want a Ferrari when I retire if every Tom, Dick and Harry has a £2m pension fund, more retired people will be buying them pushing the price up.
Edited to add, look at E Type prices once the people who grew up wanting one had the money to buy one the prices started going up.
Two points.
Having been a careful investor you might want to consider an Aston Martin rather than a very expensive to own Ferrari.
I bought a perfect V8 Vantage when it was 2 years old. A beautiful fun car, 450 bhp is more than adequate, no faults and depreciation has totalled less than £30,000 during 14 years of ownership. That is probably less than had I bought a new BMW 3 Series.
As you have said, E type prices started going up, but the people who grew up wanting to buy have now mostly bought. The number of recent buyers has consequently reduced. E types which were selling for around £100,000, are now available for about £60,000.
g4ry13 said:
paulguitar said:
pingu393 said:
My portfolio is going mental at the moment.
There must be a Trump rebound coming to rebound this rebound
The £41k I put in yesterday is down £2.09 already.There must be a Trump rebound coming to rebound this rebound
DON'T SAY I DIDN'T WARN YOU ALL.
paulguitar said:
g4ry13 said:
paulguitar said:
pingu393 said:
My portfolio is going mental at the moment.
There must be a Trump rebound coming to rebound this rebound
The £41k I put in yesterday is down £2.09 already.There must be a Trump rebound coming to rebound this rebound
DON'T SAY I DIDN'T WARN YOU ALL.
paulguitar said:
g4ry13 said:
paulguitar said:
pingu393 said:
My portfolio is going mental at the moment.
There must be a Trump rebound coming to rebound this rebound
The £41k I put in yesterday is down £2.09 already.There must be a Trump rebound coming to rebound this rebound
DON'T SAY I DIDN'T WARN YOU ALL.
paulguitar said:
pingu393 said:
My portfolio is going mental at the moment.
There must be a Trump rebound coming to rebound this rebound
The £41k I put in yesterday is down £2.09 already.There must be a Trump rebound coming to rebound this rebound
DON'T SAY I DIDN'T WARN YOU ALL.
.My SIPP went from 100 to 94.1 to 100.6.
It's like riding a rollercoaster.
If I hadn't seen it before, Id have been tempted to bottle it in March. My wife is thinking of becoming a S+S investor. I keep telling her to only do it if she's in it for the long haul. Short term gains are down to luck, not judgement.
simon800 said:
The less often you look, the less volatile your portfolio is 
A friend of mine has a lumpy 6 figure sum (maybe even 7 figures) in investments and he watches the markets like a hawk. He finds it stressful when markets drop a few % and gets excited about Vanguard making new highs. The problem is he's an investor in it for the long-haul. I ask what monitoring the markets adds to his life if it's not going to influence his investment decisions and has an emotional price. Some people just can't pull themselves away from it.
g4ry13 said:
A friend of mine has a lumpy 6 figure sum (maybe even 7 figures) in investments and he watches the markets like a hawk. He finds it stressful when markets drop a few % and gets excited about Vanguard making new highs. The problem is he's an investor in it for the long-haul.
I ask what monitoring the markets adds to his life if it's not going to influence his investment decisions and has an emotional price. Some people just can't pull themselves away from it.
I am (a bit) like your friend. I am retired and have some spare time particularly in winter when I don't cycle a lot or play tennis every day. I find it interesting and a past time. I dedicate 10% for a bit of high risk guess work. Just a bit of fun as it's my kids' future money anyway.I ask what monitoring the markets adds to his life if it's not going to influence his investment decisions and has an emotional price. Some people just can't pull themselves away from it.
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