• General

  • Being financially independent

Do you guys have personal retirement savings in addition to pensions in the UK? Here, we’re offered the option of contributing to a company sponsored retirement program (which some companies match up to a small percentage and you are entitled to their contribution after a certain period of time) and also allowed to hold a personal before or after tax retirement account outside of that.

If you have access to both of those options, I would suggest maxing out both, as well as investing in stocks, bonds, etc. Additionally, if you own property, I’m sure that would be worthwhile as well. (Obviously I don’t own property…lol).

But most importantly….don’t forget to stuff your walls with cash, run a prostitution ring and import/export drugs…that’s your REAL retirement sorted. 😉

Along_the_Wire I’m too anxious to invest in stocks and shares

Like gambling, don’t invest what you can’t lose. If you do have a flutter, now is not a bad time to do so, lots of companies with ‘false’ low stock values due to Covid that will bump up once the recovery is in full swing. I still reckon Tesla is easily undervalued at $1300 a share.

      Amps based on what? Not saying you’re wrong, just want to know whether you know something I don’t or if this is just a gut feeling you have.

      • Amps replied to this.

          303abuser I agree with this. They’re often cunts though. A good won is worth his weight.

          • C_J replied to this.

              Amps if a fully effective vaccine is found this year then maybe… but most professionals thought the market was bloated 20% below here - hardly a no brainer to be long stocks imo

              • Amps replied to this.

                  Jules72 Oh, some of those stocks might take a decade to get back up, but I think even with out a vaccine, if we keep the R-rate down etc. I think it will be quicker than that. I’d never buy stocks for a quick return. Also, have to mention, I know fuck all about anything, these are just my thoughts, nothing more.

                      Amps Also, have to mention, I know fuck all about anything

                      That was already pretty obvious.

                        C_J Nah, nothing I know, just gut feeling. But they are outselling everyone by a mile and really they are just starting out:

                        The competition don’t want to sell you electric cars yet and might not want to for a while, so everyone is voting with their feet, add that to their charger network, they’re in a good position. Industry chatter of some manufacturers going bust if such a trend continued.

                            I proper know fuck all though, please don’t anyone buy anything based off my comments apart from trabbs and obscure 90s breakbeat, I know loads about them.

                            It’s amazing how slow the Electric car movement is taking off and the government won’t subsidise any EV over £50k which most decent ones are. Definitely a ploy by the big manufacturers, but most people buying a new car want one now they have a 300 mile range. Why bother with a hybrid, all the problems of maintaining a petrol/Diesel engine, but heavier and more expensive. It’s a delay tactic, and studies have shown most people can’t be arsed charging them.

                            Amps But they are outselling everyone by a mile

                            As much I like what Tesla are doing and wish them success, they’re not - that graph you posted does not support your claim. The biggest sellers in the US are SUVs, the biggest selling car in the same period as you posted there was the Ford F-Series which sold 5x as much as the Model 3 with 233,787.

                            Toyota also had two cars which sold double the Model 3 - the Rav 4 and the Camry (in fact, Toyota had 5 cars which outsold any Tesla model).

                            The trend seems to have been continuing in 2020 so far as well.

                            See here:

                            https://www.goodcarbadcar.net/2020-us-vehicle-sales-figures-by-model/

                            • Amps replied to this.

                                C_J Decent chart mate

                                It’s actually not very good. See above.

                                  C_J a passive tracker with low management charges over time should see a decent return.

                                  • -si- replied to this.

                                      hugopal All fair points, lies, more lies and statistics etc. They have a pick up truck on the way though, I think that might have an effect on the SUV / pick up / 4×4 market, but who knows. I still think with that world wide charger network they are at least ‘handily placed’ and have room for more growth in the stock market.

                                          I was thinking of possibly getting an electric van when my VW T5 becomes to expensive to run. VW want nearly 50 grand for the same size van and the range is only 85 miles.