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Thread: Advice for Pensions!!

  1. #251
    Senior Member D Walker's Avatar
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    Quote Originally Posted by D Walker View Post
    Cheers - will wait for the add..


    Some interesting reading, need to get my head around some of the jargon but i'm picking it up quick...

  2. #252
    Morning all,

    Have been following this with interest - have set up a Halifax ISA share dealing account this morning and will start some dabbling soon! Interesting following the markets now I have some more time available to me...

  3. #253
    SportsMaserati.com Moderator Contigo's Avatar
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    Nice one, have a dabble and only invest what you are comfortable with.
    Phil

    "Una Maserati č una roba per pochi"

    Current Fleet: 4.7 GTS MC Shift with Larini Sports Cats and ASBO H-pipe , 3200GTA, Mk1 Golf GTI 1.8 , Eunos Roadster, Audi A3 TQS Track (Tracy) Toy.
    Past Masters: 3200GT, Quattroporte DS, BMW E61 M5, Audi RS4 B5 Avant, Audi RS4 B7 , Lotus Elise S1, Celica GT-4, Eunos V-spec, Subaru Impreza Turbo 2000, Peugeot 205 GTI 1.6.

  4. #254
    Indeed Phil - only small amounts, more out of interest really - any big gains are a plus and will off-set Maserati parts prices!

  5. #255
    SportsMaserati.com Moderator Contigo's Avatar
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    Phe 0.8000 +0.1000 +14.29%
    Phil

    "Una Maserati č una roba per pochi"

    Current Fleet: 4.7 GTS MC Shift with Larini Sports Cats and ASBO H-pipe , 3200GTA, Mk1 Golf GTI 1.8 , Eunos Roadster, Audi A3 TQS Track (Tracy) Toy.
    Past Masters: 3200GT, Quattroporte DS, BMW E61 M5, Audi RS4 B5 Avant, Audi RS4 B7 , Lotus Elise S1, Celica GT-4, Eunos V-spec, Subaru Impreza Turbo 2000, Peugeot 205 GTI 1.6.

  6. #256
    Senior Member D Walker's Avatar
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    Quote Originally Posted by Contigo View Post
    Phe 0.8000 +0.1000 +14.29%
    Shush.....lol......picked up some more today and hope to get more in before Ģ1.00

  7. #257
    I have found this thread interesting in that you seem to have exactly the same problems as we in Australia with our Superannuation schemes. Our employer pays 9% of gross salary into your nominated fund. You are normally unable to access funds before age 65. Contributions are taxed at 15%. At age 65 you can access all your account tax free or convert the funds to a pension. We have a variety of Superannuation funds,some run by unions,usually not-for-profit and others run by insurance companies. The union funds generally far outperform the others. However,the main problem is that most funds make good returns on the investment but spoil it for the customer by milking your account to pay trailing commissions to so-called financial advisers,management fees and any other means they can dream up to steal your cash. Consequently my AXA fund was making 7 to 8% return on my funds,but,after paying itself & it's parasites I got only about 2%,about equal to a term deposit at a bank. I was prepared to tolerate this until last year,when the account suddenly made a A$1000 loss. I immediately cleared the account & invested in secured notes at 3.35% and a residential mortgage fund at 5.2% until I can find some better ideas.
    Because we have an insane residential real estate market in the eastern states,any shares in real estate companies are hot. Supermarkets in Australia are the world's most profitable & shares pay good dividends. Telcos & medical diagnostic laboratories are also gold mines.
    You can make really good money depending on how adventurous you are and how much time you spend on research,it's really up to your preference. Handing over your funds to financial advisers is,as you've said,a form of insanity,punishable by long term poverty.
    l

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