Retirement money

[strummer]

Have lots of kids and make sure the ones that become rich feel obliged to take care of you in your old age

I've got 4 kids but somehow I can't see them becoming rich mate. The little fella thinks he'll play for everton but he can't trap a bag of cement. Hmm maybe he will

 

[SerenityNigh]

I've got 4 kids but somehow I can't see them becoming rich mate. The little fella thinks he'll play for everton but he can't trap a bag of cement. Hmm maybe he will

Time for more kids? Or maybe the little one has a good future ahead of him in concrete/foundation construction? (we call them "dirt" contractors over here)

 

[typerkid]

Was fortunate to have my own smallish company for about 25 years,until the council f***ed it all up for me.
Sued them good style,and the proceeds are now my pension

 

[strummer]

Time for more kids? Or maybe the little one has a good future ahead of him in concrete/foundation construction? (we call them "dirt" contractors over here)

Hahaha thats my old age money concerns sorted mate

 

[Zatara]

Malaysian Government, are you sure?

1MDB mean anything to you?

Yss, exactly. These type.of opportunities pop up very frequentlý but in this case it had almost reached its capital raise before i was sent it so no need for due diligence to examine further.

Malaysia and other countries may be red flags but as you know thats where opportunities lie. The govt vehicle you mention is also quite interesting because Najib seems to have managed to get away with the "gift" which affected him and fhe MYR last year though it will be interesting if hes received money from any onshore entity.

BTW the investment was on the energy side which isnt so revolutionary and would need to determine certain factors and elements such as who owns the land etc which is key especially in SE Asia. Im also leaning more on investments which involve building power stations and also exploring "solar paint". Have you taken a look at this? Pretty cool stuff...imagine a hospital with solar paint for example...very exciting in a place such as singapore.

Anyway, these investments are only relevant for a max of 20% of someones portfolio and everyone loves a little punt.

Edit: also, wine trading tech. You would have thought it would be mainstream now especially with the type of data it can correlate but its not...the industry has purposely lagged behind to create a monopoly in certain areas and this tech is only now coming through this year. Quite interesting and will be available soon after an initial capital raise...cool stuff like this i like rather than some of the other products such as the malaysian one which can have hurdles later.

 

[Zatara]

$VFINX is an index, which purchases actual assets. While ETFs are based on actual securities, they are really more like options than an index and are subject to volatility. Traders may love ETFs, but they're a terrible retirement option.

Depends on who manages your portfolio and how its balanced. If you just take Donald Trump as a case in point alot of people think hes been successful and now worth several billion but if he just kept his money in passive investments he would be worth $8bil+

All swings and roundabouts with lots of factors in play.

 

[Zatara]

Whoah, just seen this.

Hence the word "shady"

 

[CahillsCornerFlag]

In my soon to be line of work, they're all retiring at 55 which is getting raised in two years. They've hit the jackpot there, I'll probably have to do 10 more years than them ffs.

 

[roydo]

In my soon to be line of work, they're all retiring at 55 which is getting raised in two years. They've hit the jackpot there, I'll probably have to do 10 more years than them ffs.

Not so sure about that. The rise in 2 years time that is.

 

[Garrick]

Seems like you could just use a low cost index fund like those Vanguard sell. $VFINX

That's what the lionshare of it is, actually. VTI (US index), VEA (Developed world foreign index), and VWO (Emerging markets index) make up two thirds of the whole portfolio.

No pension. Staying at home with the kids so no chance of one starting soon.in my mid thirties so I'm either gonna come up with a great scheme to make money pretty soon or just stick with my default plan to start killing and robbing drug dealers in my mid fifties.

Mate, I know where you live, and the drug dealers down there have turf wars over weed. Best of luck, you'll need it.

 

[CahillsCornerFlag]

Not so sure about that. The rise in 2 years time that is.

I don't live on the mainland UK

 

[roydo]

I don't live on the mainland UK

Ah, fair enough.

 

[Woolly Blue]

Sadly you have the B class shares. The A class shares with voting rights are worth a fortune.

Oh, Danny spun you the yarn about the 'A' class shares then ?

 

[Woolly Blue]

I know this goes against the grain of conventional pension planning but I've never been a big fan of pensions and have just saved and invested along the way. I appreciate from a tax point of view that's not very efficient compared to a pension fund but I've taken the view I'd rather have control and access than (i) funds tied up for many years and (ii) having to purchase an annuity.

Appreciate there's more flexibility these days but the idea of buying an annuity always seemed a poor one in my mind - I'd much rather generate investment income myself, have the capital to hand, and it's there to pass on to future generations.

I accept that's difficult to achieve if in paid employment.

Just manage your own pension pot, so long as you don't peg it before 55, all is fine.

 

[The Esk]

Oh, Danny spun you the yarn about the 'A' class shares then ?

I wrote the prospectus....