Why do we do it to ourselves ? (1 Viewer)

I'd take the million pounds all day. Fuck this lot. I'm off to buy some shite I don't need.

I am 54 and still sucking it up. We all live in hope.

Because doing it to yourself is nice?

1 million pounds could in all likelihood give you a pre-tax income of £40,000(increased with inflation) a year for life (without working) you're nuts

I'm 61 and been following the City for fifty odd years and get pissed off on a regular basis,but still got excited when we just grabbed the late equaliser tonight. When it's in your blood you're a fan for life !

CovisGod said:

it's a rhetorical question, but why have I spend my life living and breathing Coventry City ? I'm 29, I had my first season ticket when I was 5 so around 1991 time, and it that time I've never had anything but disappointment, languishing in the Premier League, then languishing in the Championship and now languishing in League One. Never have I seen us have a season where we spent the whole season pushing for the Top 6, never have I seen us do anything other than be possibly the most inconsistent team in the football league, so why do I do it ? Why even now that I live in Norfolk do I still feel the need to spend £100s in coming down to a stadium we don't own to see us play average (on a good day) football.

Ill tell you why because even though we are terrible, the Sky Blues are in my blood, they're all I've ever known and I'm still to this day proud to be a Cov fan. If I could have the choice of a million pounds or Cov to get back to back promotions and sit mid table in the Prem I'd choose Cov every time.

PUSB

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Your the same age as me. CCFC fans of our age group must quite easily have had to watch the most shite out of all the clubs in the country! If we were a few years older we would have some good memories, or if we were younger at least we wouldn't have seen so much crap!

Being nearly 30, and the best season you've ever seen being a mid table finish (and being told you should be grateful for that) is appalling.

bringbackrattles said:

I'm 61 and been following the City for fifty odd years and get pissed off on a regular basis,but still got excited when we just grabbed the late equaliser tonight. When it's in your blood you're a fan for life !

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You at least know though what its like to support a successful CCFC. That is something completely foreign to any fan my age. We have no real happy memories of CCFC.

bigfatronssba said:

You at least know though what its like to support a successful CCFC. That is something completely foreign to any fan my age. We have no real happy memories of CCFC.

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Try being 22 and have a vague memory of the premier league

CovisGod said:

it's a rhetorical question, but why have I spend my life living and breathing Coventry City ? I'm 29, I had my first season ticket when I was 5 so around 1991 time, and it that time I've never had anything but disappointment, languishing in the Premier League, then languishing in the Championship and now languishing in League One. Never have I seen us have a season where we spent the whole season pushing for the Top 6, never have I seen us do anything other than be possibly the most inconsistent team in the football league, so why do I do it ? Why even now that I live in Norfolk do I still feel the need to spend £100s in coming down to a stadium we don't own to see us play average (on a good day) football.

Ill tell you why because even though we are terrible, the Sky Blues are in my blood, they're all I've ever known and I'm still to this day proud to be a Cov fan. If I could have the choice of a million pounds or Cov to get back to back promotions and sit mid table in the Prem I'd choose Cov every time.

PUSB

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Welcome to the rollercoaster ride that is Coventry City! I have been a supporter since 1963/64 and have known a little success and find it sad that we're back where I started all those years ago.

My lad (lad - he's a strapping 35 year old) asked me once why I'd ever took him up with me in that extraordinary year of 1987 when he was 7. He could have supported MU, Chelsea, Liverpool, any of the top prem sides (1st div then of course), but no - he's saddled with supporting his home town team and proud to do so, living in Manchester.

I've told him that taking him up to Highfield Road all those years ago has saved him a fortune, I mean who wants to travel all over Europe, or see one cup after another won and trying to remember which trophy was won when - well actually we wouldn't have minded really.

Sky Blue and proud, that's us - if only our owners could understand this!

I'm 51 and love Cov hugely, but there is no way I'd turn down a million pounds for back to back promotions.

As noggin says that's 40,000 a year, I love the skyblues a lot but not that much.

id just buy a few more season tickets for friends and family each season as my way of supporting them

bigfatronssba said:

You at least know though what its like to support a successful CCFC. That is something completely foreign to any fan my age. We have no real happy memories of CCFC.

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You are right I've seen promotion and watched us beat all the top flight teams as well as us lift the F A Cup. I feel sorry for our younger fans as you've had nothing to get excited about and my youngest son hardly bothers now as he just got sick of it all. But we keep on going as we just hope that one season we will do something !

Any sympathy for a 20 year old? Love to know how many games I have actually seen us win in the past 12 years of season tickets. Pain and misery but will I ever stop going? No...come away disappointed after most games but doesn't stop me looking forward to next

Noggin said:

1 million pounds could in all likelihood give you a pre-tax income of £40,000(increased with inflation) a year for life (without working) you're nuts

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Bollocks. He's 29 not 69.

ccfc92 said:

Try being 22 and have a vague memory of the premier league

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Try being 16 and having no memory of the premier league

mrtrench said:

Bollocks. He's 29 not 69.

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In all but a few occasions over the last 100 years you could invest a sum of money and withdraw 4% a year from it without it running out. This is especially true if you are very occasionally willing to lower the 4% during the worst economic times. You don't stick a million quid in a current account, in fact you shouldn't be doing that with any more than about 20,000 unless you will need it in the short term and even then you should chose your bank carefully, ie put it in a santander 123 account paying 3% on up to 20k.

The smart 18-40 year olds getting a million though wouldn't live off it quite yet (depending on circumstance of course) but would invest and reinvest the proceeds to allow an awesome early retirement at say 50-55. Of course having the odd treat from it too.

I know. You make it very obvious.

bigfatronssba said:

You at least know though what its like to support a successful CCFC. That is something completely foreign to any fan my age. We have no real happy memories of CCFC.

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Yep. Big 5-0 for me this year and been going for 43 years, rain and shine, home and away. As you say it's in the blood and in my sons too. Last nights game was great, good atmosphere, exciting football, late equaliser. Thanks to the Club too for announcing my lads 9th birthday and sticking it on the scoreboard - his face was a picture.

That is what's it's all about; not SISU, ACL, Wasps, etc. He's hooked and I couldn't be more proud of him or my team last night.

bringbackrattles said:

I'm 61 and been following the City for fifty odd years and get pissed off on a regular basis,but still got excited when we just grabbed the late equaliser tonight. When it's in your blood you're a fan for life !

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Noggin said:

In all but a few occasions over the last 100 years you could invest a sum of money and withdraw 4% a year from it without it running out.

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Inflation-linked as well? Plus, nobody has the option to invest in the past.

To do what you say the best deal is an annuity or to buy index-linked gilts yourself. An annuity would give you £44k for £1m if you were 55. God know how much it would be if you were 29. Maybe £5k at most. Index linked gilt yields are negative for 50 years. Sadly, in the current climate, £1m isn't enough to retire on unless you are 50+

mrtrench said:

Inflation-linked as well? Plus, nobody has the option to invest in the past.

To do what you say the best deal is an annuity or to buy index-linked gilts yourself. An annuity would give you £44k for £1m if you were 55. God know how much it would be if you were 29. Maybe £5k at most. Index linked gilt yields are negative for 50 years. Sadly, in the current climate, £1m isn't enough to retire on unless you are 50+

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yes inflation linked as well, of course the future may be different to the past hence the reason I said in all likelyhood rather than guaranteed. Though the fact you could have done this almost anytime in the last 100 years means its a reasonable assumption to make, it's no guarantee though and like I said I wouldn't recommend someone retiring on a million at 29, you should invest it, continue to work and then retire when its grown to 3 million or something and then you'll have the money to really enjoy life.

No you absolutely wouldn't buy an annuity and you wouldn't buy index linked gilts (well you can have a small percentage of them in your portfolio if you wish), they are not going to provide anywhere near the growth you need (although they have gone up 70%+ over the last 5 years). You sign up with a broker and buy a diverse basket of low cost index funds or ETF's, or something like a vanguard life strategy fund if you don't want to chose your own asset allocation. Money makes you money, this is the reason the new stadium just isn't happening. Of course you want to do more than just put it all in 1 brokerage account, you should be maxing stocks and shares isa contributions each year and pension contributions etc.

4% is too aggressive a withdrawal rate to be absolutely sure but 3% (historically) would have been much too low leaving you a massive balance when you died, of course the smart thing is not to be so rigid and adjust based on what happens.

But we don't need to debate what the safe withdrawal rate is here, I just wanted to point out that a million pounds is a lifetime of good income if managed properly and not frittered. Whether that's 25k for life or 70k is immaterial to my point. So you'd be nuts to turn down a lifetime free of money worries for a some pleasure in the stands. Not that this choice will ever come up of course.

Well I started following city at the start of the Jimmy Hill era probably got spoilt with that bit of success then it was just the cup-final year, but could next year see a change and have us atleast challenging for a top 6 spot of dare I say automatic promotion, with just a little investment I believe we can but I am not convinced promotion to the championship is part of Waggott or Fisher's plan, remember Premiership players get Prem. wages, championship players get championship wages and Division 1 players get division 1 wages. These two have deliberately driven down the wage cost and I can't see that changing unless there is a change of ownership.