shmmeee
Well-Known Member
As I said in a panel about new tech once: blockchain doesn’t make everything better, it’s not bacon
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- Thread starter Greggs
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As I said in a panel about new tech once: blockchain doesn’t make everything better, it’s not bacon
D
Deleted member 4439
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I thought there was forum agreement not to discuss bacon?
shmmeee
Well-Known Member
I don’t remember agreeing to this authoritarian dystopia
clint van damme
Well-Known Member
Back when I put my money where my mouth was....I put the lions share into IOTA as its quicker and no mining involved due to the transaction security protocols being carried by the sender....or something like that....I do recall that Bosch innovations arm invested just after me so I thought I'd nailed it....then the crash.
Just back in the black on IOTA.
I also bought stellar back in the day cos it was like
stella.
Iota on the move, up 18% today.
Adge
Well-Known Member
Haven’t really trawled all the previous pages, but who did you decide to go/set up an account with?
clint van damme
Well-Known Member
Binance, purely for crypto.
Wyken Sky Blue
Well-Known Member
It's the 6th June so exactly 12 months after I started my MoneyBox S&S ISA. No change to the deposit or saving setting
I now have £3300.42 making 9.5%
Really pleased with that and hope it continues!
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Out of curiosity how has deflationary /inflationary pressure affected the total?
Wyken Sky Blue
Well-Known Member
No 100% sure if I'm being honest. What I will say is I started this in June 2020 so after the drop in market shares once the pandemic hit and from then on it has slowly creeped back up again. Having checked my ISA every other day I can only recall a handful of time when it was making a loss; generally it has been 5% or higher and certianly this year it as been anywhere between 8%-12%.
Yeah thanks for the info, just trying to figure out the effect of printing money really.
Marty
Well-Known Member
Mate, that's pritty impressive, give it a year or two and you'll be paying for holidays with dividend payments.
Mucca Mad Boys
Well-Known Member
Marty
Well-Known Member
Always reinvest dividends, was just a general remark about the amount he'll have coming in.
Wyken Sky Blue
Well-Known Member
Thanks, I'm just going to keep it going as is and see where I am in a year's time. Anything more than double is a bonus but hopefully as share prices rise it will be even better than that!
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Fair play mate
I did tell you I work on 10% commission for the recommendation…..didn’t I?
Wyken Sky Blue
Well-Known Member
Only if its making money though of course!Fair play mate
I did tell you I work on 10% commission for the recommendation…..didn’t I?
How is your MoneyBox ISA looking?
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Only if its making money though of course!
How is your MoneyBox ISA looking?
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just started it seriously again so took a little set back, more determined than ever now, had a pay rise of £2.5k at work so throwing money at it.
Marty
Well-Known Member
I did about 4 months ago, the prices put me off, wanted 4k a barrel. Has some good returns just not for me.
shmmeee
Well-Known Member
This seems like a decent place to ask. Works bringing in a bonus structure, I’ve never worked anywhere with a bonus before. Just looking into it and it’s taxed like income so I stand to lose a few thousand to tax if/when it comes. Is there any smart thing I can do to reduce my tax burden on that or should I be a good socialist and suck it up?
Disgusted to read that from you shmmeee
. Possibly stick into a SIPP pension* (do any stocks and shares trading via there - you’ll already know the gov (via pension provider) automatically top up contributions with a basic rate relief, you can claim back higher relief via self assessment and any gains will be protected)*im not a financial adviser
chiefdave
Well-Known Member
How big is the bonus if the tax on it is a few thousand?!
Most places I've worked bonuses have been the norm until about 10-12 years ago. They were paid 3 or 4 times a year and in the (very) low 4 figures so never really needed to make any arrangements to avoid paying tax.
shmmeee
Well-Known Member
Still not got all the details but they’re talking about £6k+ on target, which according to Google I’d only see just over £3k of as it would be paid in one lump sum in my pay packet.
I just know as I’m PAYE if I do nothing they’ll do that stupid thing where they think that’s your new salary for the year and massively over tax you.
It’s all new to me though. Most I’ve ever had before was a one off couple of hundred quid in my pay packet.
Sorry, misunderstood a little (hence pension suggestion). Yeah, not sure about one off lumps and whether payroll can do anything for you or you’ll just have to wait for end of tax year rebate if they’ve over taxed you
Or as Dave says, wonder if they could pay it in separate smaller lumps (pain for payroll if it differs from others tho)
chiefdave
Well-Known Member
skybluesam66
Well-Known Member
Can ask for bonus to be paid into your pension?
shmmeee
Well-Known Member
That’s what Google said. I know this is financially sensible but equally I want money now!
Covstu
Well-Known Member
Yes looking at about 2.2k per barrel, estimated 10% return per year (or so they quote!). It’s a 10 year wait at least to get returns so Defo now quick turnaround
robbiekeane
Well-Known Member
Fuck all you can do about it unless you want to pay it into your pension. Just got to take it on the nose.
You dirty tory bastard
Marty
Well-Known Member
I'm not too sure, but what I was thinking is that due to the lack of raw materials and potential disruption of the manufacturing process (due to covid), that this current year of production maybe at an inflated price in the future due to the issues mentioned. Had a quick look, decided it wasn't for me and moved on.
fatso
Well-Known Member
Trying to cut a long story short, but 25ish years ago, I was the only one in my department that opted not to join my companies share save scheme, and on the advice of an old boy I worked with at that time I opted to put the money I would of invested into my companies final salary avc plan.
The guys who went into the share scheme all made a very nice return over the 6 years of the scheme, and some bought cars with the profits others has house improvements holidays etc.
But 25 years later, the pension fund value has rocketed to such an extent that I could retire about 7 years earlier than planned.
And as the old boy told me, you cant put a value on time!
So the moral of this long story is, look after your long term financial security first, rather than look to make a buck on the stock market.
Pensions are locked into the fund without the ability for you to dip into them until your 55, which (thankfully for me) stops you pissing the money up the wall at the first opportunity.
Covstu
Well-Known Member
There seems to be a difference also in spirit and actual whiskey. Spirit is cheaper but needs 3 years to get to whiskey but I suppose if your happy to sit on an investment for 10 years plus then it might work. Very tax efficient too