Doom and gloom anyone currently contributing a to a private pension or other investments will have seen them crash today, U.K. markets have followed the other Global Stock Markets down.
US stocks plunged on Monday morning as Friday’s dismal July jobs report continued stoking fears that the US economy is on shaky legs.

The Dow plunged 1,072 points, or 2.7%. The S&P 500 fell 4.1% and the Nasdaq Composite sank by a whopping 6.3%.

The Cboe Volatility Index, or VIX, which measures bets on expected stock market volatility, surged to 55. The last time the fear gauge hit that level outside of the pandemic was the Great Financial Crisis, in 2008.

That comes after the Dow on Friday dropped more than 900 points at its session lows.

Japanese stocks suffered their biggest ever daily loss Monday as fears about a US economic slowdown sent shock waves through global markets.

Which makes it a great time to top up an ISA or pension.
As Warren Buffett says, the stock market is like a drunk staggering this way and that. Good companies aren’t suddenly all worth 4% less the following day. It all averages out over time.

I don’t give a flying fuck about this stuff.

Shocking selfish statement to make Snowy, I am all right Jack, f*** every one else, there are people not in the same position as you who are relying on their investments and private pensions to retire on, you wouldn’t be saying that a few years back if you were in a similar position. This will make a huge hole in them, normally the markets do recover but it takes time and if you are near the time to retire it will have a massive effect on your funds.

He was humourising this thread.
Calm down.
Go n have a Yabba tablet

The stock market is a gamble like sports betting.
The ISA advice is risk n tax free.

Jamie, you take things so seriously, chill out.
What difference can you or me make?

We can do nowt about it so fill the cupboards with Beans and rice pudding, money like death is an inconvenience…so no point getting in a lather.

Of course the value of investments can go up and down but over the course of the last 30 years, investing in global trackers or a portfolio containing hundreds of the biggest companies in the US would have returned on average 8%, way higher than what you’d get putting your money in a bank. It’s probably how your pension is mostly invested.
Stocks and shares ISA’s aren’t risk free but historically have returned atleast the 8% mentioned above, tax free (actually around 10% over the last decade). Returns from Cash ISAs are much lower but are risk free.
I wouldn’t normally bang on about this on a football forum but I’ve realised recently I should have started investing in ISAs many years ago - I’d have a lot more money than putting money in a bank!

no he is right as the vast majority have zero investments in stocks and shares directly and only indirectly if a private pension is affected by them. nobody asks anybody to put spare cash in some shares in the same way nobody asks anyone to bet on the nags, dogs or football.

looks like it has affected the Pound - Euro rate, yesterday you got 1.117 euro to pound today dropped to 1.1450 so anybody travelling to Europe for a jolly is now affected as well

Have you got those figures the wrong way round?, the second total is greater than the first.

Most holidaymakers going abroad will just cough up. They’ll just have to settle for getting totally pissed instead of completely paralytic.

senior moment should read 1.1700 yesterday now 1.1450

I've recently returned from a holiday in the South West and prices are soaring down there. There is a but however and that is takings are down over 20 %. The weather could be partly responsible of course but most folk are saying holiday sector businesses are trying to recoup their covid losses. Now where have we heard that before.

Even if someone only has a stakeholder/company pension, where it’s invested matters. Most default pension schemes are very pedestrian with comparatively high fees. It’s your money and often you can steer it to a fund where the pension company gets less of your hard earned money. It’s worth reading up on it, looking at YouTube videos, listening to Martin Lewis etc because you could easily be better off at retirement compared to doing nowt. And I’m taking potentially tens of thousands just by doing a bit of research!

I know how boring I sound but am trying to do a favour to anyone who hasn’t looked into this stuff!

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done.
JMK

Perfect storm down here - costs have gone through the roof, labour shortages, over supply of places to stay but nowhere for employees to live, weather has been dire for months and now fewer people coming down because of how expensive holidays and the cost of living have become. Quite a few friends who run camping and holiday parks expecting it to be their worst year for a decade. Expecting to see a lot of businesses close after the season is over.

Hopefully, you still had a good time though!

I did have a good time, always do, I love the place. One lunchtime we were walking past a chippy and decided it's fish, chips, mushy peas, a slice of bread and a pot of tea for dinner. The meal wasn't exceptional and cost just short of forty quid( for the two of us).
I've had that sort of meal in Seaton many a time and never paid any where near that.
As a matter of interest anybody sat down to that recently in Seaton? Can you remember the cost??

We stayed at Tewkesbury, Cheddar Gorge, Weymouth, Looe, St Mawes Mevagissy, and St Buryan nr Lands End. Non of the sites were full, some not even half full.
Had a few dry days and the Sun was warm when it decided to turn up.
We had booked the Minack but copped out due to it being extremely wet on that evening, which was disappointing.
The barbecue, which is normally well used both for breakfast and evening meals ( a gas fired cadac) was used once. The last time the weather was as poor was 2012 but we usually do alright.

Good stuff - I'm a couple of miles from Mevagissey. The weather has been dire since last July. It's only been the last two weeks that have been any good.

They definitely are ….no doubt about…and a lot more, because prices are like satellites, once they go up, they rarely come down.

Just been to Verralls at dinner time, chocker, red hot and two half lots…£11 the lot ….the fish were huge for a half lot…….another balmy day on the Cod Head Riviera.

Booked a table in the Sharks Fin on Mevagissy harbour. Worst meal I've had in Cornwall.......ever. Expensive rubbish, just about unedible.
When I complained they apologised and used the excuse that the Chefs were new and virtually admitted that they were poor. They refunded my main course and offered us a free dessert which we politely declined. It was Sea Bass, which is one of my favourites. The fish was well over cooked and the accompaniments were under cooked For years Cornwall used student labour to man their restaurants and bars, now they can't even get them to do it. The Sharks Fin used to be top drawer.
I did wonder when we arrived for our booking only to find the place half full. At one time you had to book weeks ahead and we walked in earlier in the day and got fixed up easy. Shame.
Got talking to some other people in one of the pubs who said they had a steak somewhere else which was rubbish. They're not gonna attract many back giving service like that. Worst thing about it all they charge top dollar.

People keep telling me the " mighty cod " is the best fishy in town but I go to Verrills and its always spot on. Last Saturday Verrills closed So went the the " god almighty cod " it was very very poor and its cost more. Never fall for that trick again

Fishface at Seaton is canny, but haven’t been in their neighbours over road for ages.

The Lemon Fool Forum covers a lot.

Well to be honest, I’ve got a State Pension, a Government Pension and my French Pension, …one is a fixed figure, one is provided by the State as is the third.
Nowt to do….just pick it up.
Regarding the UK Government Pension …back in the day loads jumped ship when private pensions appeared and contracted out…they nearly all crawled back later.

I've recently returned from a holiday in the South West and prices are soaring down there. There is a but however and that is takings are down over 20 %. The weather could be partly responsible of course but most folk are saying holiday sector businesses are trying to recoup their covid losses. Now where have we heard that before.[/quote]

We've just returned from a week in Exmouth and I have to agree that the prices were more expensive than I was expecting. We found a nice pub for tea one night and for me, my wife and 2 teenage kids, we had 1 meal and 1 drink each and that was around £85. Even a bog standard Indian for the 4 of us still cost nigh on £100.

But the weather was brilliant, so every cloud etc

I have a small private pension which was set up when I opted out of SERPS, I don’t think I had a choice other than put the money into a PP. At the the time it was recommended to opt because there were cash incentives. A few years later it was recommended you opt back in because the incentives had decreased, private pension providers must have made a fortune setting up,all the PPs for people who opted out.
Hindsight is great but I wouldn’t do it now, tax relief on PP contributions but now paying 20% tax on my PP. Again in hindsight I would have invested my cash in collective investment funds (Unit Trusts) no different from what pension providers do which I could have access to and not tied into an annuity. Providing you put them into a Stocks and Shares ISA no tax would be payable.

are they money laundering. you would think so with prices like that especially when they are compared to seaside resorts in the north never mind the sw. people are still trying to recoup money they lost by covid and increase prices even more if the profits they want are not made. always feel some would rather have one family paying £200 rather than 4 paying £199 in total.

been to them all including youngs and everyone if far superior than what i can get and have to go to morrisons to find fish and chips that are edible. you lot do not know how lucky you are both in costs and quality.

It's been on the decline for a while. Try the Kings Arms in Meva next time you're there. Opening hours are a bit all over the place but the food is fantastic and very reasonable for that area.