Legal & General Share Discussion Threads

[123trev] 05/11/2024 12:21

We are coming to the end of an economic cycle with governments balls deep in debt with a total lack of any real ideas to move forward real money not interested now will be sat on fence waiting the clue here is the amount of company buybacks going on. Personally done ok over the years but I suspect I won’t be investing for a couple of years now taking that pension pot and spending it like a lot of others will be.

[yump] 05/11/2024 12:18

I think there’s several “depends how many and what proportion of…” to add to that

[jubberjim] 05/11/2024 12:18

Going down maybe

But it is taking its time

Think personally only 10% maybe downside from here if that

We shall see

[neilyb675] 05/11/2024 12:15

Clean Getaway
2/1
Win or Each Way
1/5 odds - places 1,2,3
13:00 Sedgefield
13:00, Today

Rogue Lion
33/1
Win or Each Way
1/5 odds - places 1,2,3
13:35 Sedgefield
13:35, Today

Bebside Banter
11/4
Win or Each Way
1/5 odds - places 1,2,3
15:20 Sedgefield
15:20, Today

Fine By Her
11/2
Win or Each Way
4 PLACES INSTEAD OF 3
1/5 odds - places 1,2,3,4
15:55 Sedgefield
15:55, Today

[williamcooper104] 05/11/2024 12:15

Bad as incentivises spending not saving Good in that it also incentivises higher margin annuities

[123trev] 05/11/2024 12:08

If Trump gets in expect markets to react badly that’s why there treading water but the alternative isn’t good either low volume here distorting.

[mcunliffe1] 05/11/2024 12:06

I've just read an incredibly simple explanation of the tax changes being applied to pension pots.

“It’s better to pay 20pc in your lifetime [drawing the money as income] than have your son pay 40pc to the taxman.

This doesn't bode well for AUM in pensions unfortunately and hence, not great for LGEN.

[123trev] 05/11/2024 11:48

Well pretax let’s just wait and see with last years interim dividend coming out of retained earnings and another poor performance guaranteed despite the fixation on certain irrelevant numbers my pants are well dry mate perhaps look at what the csm already contributed! The thing is this company did very well indeed during a low interest environment and being one of the kings of LDI that ain’t the situation now far from it consider yourself schooled fella.

[pretax2] 05/11/2024 11:37

123Trev
The shareprice is about 12% below the 7yr mean average. You're somewhat wetting your pants about nothing.

[klotzak] 05/11/2024 11:19

So Peter, you've managed a post saying absolutely nothing nothing.

[123trev] 05/11/2024 10:52

If you needed any evidence of money flooding out of pensions take a look at the latest Independent article today.

[123trev] 05/11/2024 10:10

It doesn’t really matter here because this is going down anyway it’s going to be another difficult year followed by another then another for net profits after tax despite that rising store of future profits they will pay the dividends but the share price will drift lower before they announce a rebase.

[lippy4] 05/11/2024 10:01

goldgeezer

i thought large scale war had already happened in ukraine..

[pierre oreilly] 05/11/2024 09:28

If trump wins, then how long can woke Britain keep a special relationship with the us?Btw not sure how banks/, insurance will react whoever wins (just like our elections).

[goldgeezer] 05/11/2024 09:13

Yes - a clear win for Trump would be excellent. If that clown Kamala wins, Putin will know large scale war is required.

[jubberjim] 05/11/2024 05:54

This is it

The day the markets have been waiting for!(Well at least I have)

The only question is as to whether Donald Trump accepts the result this time or will we be drawn into another long winded whine about the 'FIX' .

I just hope the result brooks no argument and we can get to normality ////

Think this Lgen might have found its nadir this time round

One would hope so because at the moment the 'usual suspects' seem to be tracking each other both up and down which means there are surprisingly attractive dividend returns on offer.

Have made a few small forays elsewhere but have been holding back as has the market me thinks.

Hopefully that will change from here on in.

God knows I need it to.

Best of luck to all.

PS When will the results be known (This side of the water) ?

[123trev] 04/11/2024 20:38

The measure will significantly drag more people into IHT and considering our current demographic it may have more of an impact than you think. Consider that in 2023 there was £205 billion and rising sat in sipps then add in the huge rise in house prices and the fact in the next budget the nil rate residence band is suspected to be abolished or severely reduced it affects more people than you think.

[ldavis] 04/11/2024 11:07

I'm sure the government would be quite happy for people to withdraw their excess funds out of their pensions and spend it. They don't want you getting the tax breaks putting the money in just so you can then also avoid inheritance tax - they want youi to put away just enough so that you are mainly self-sufficient and can't claim any means-tested benifits or grants.

The changes will probably only affect a fairly small number of people in the middle who have enough spare income to take advantage of the tax breaks putting extra money into their pension but are unlikely to have to significant a IHT bill.
Those less well off will remain unaffected and those with more significant potential IHT liabilities will still find plenty of ways to minimise those liabilities.

[123trev] 03/11/2024 21:45

You don’t you spend it on having a good time because you ain’t going to live forever. I think this decision is age dependent wealth dependent and the possible IHT hit you take. Honestly who knows what they come up with next but they just keep moving the goal posts and if Reeves budget doesn’t pay off then a returning conservative government in five years their hands will be well and truly tied not that their track record is any good let’s face it.

[pretax2] 03/11/2024 20:01

123Trev is a wild west for cash.
Take big sums of money out of a pension and where do you put it away from HMRC?
Best stick tight for 5 years and wait for the other lost to gain power.

[123trev] 03/11/2024 09:05

The serious question now is after bringing pensions into IHT how much money will be flooding out of them and how much less will be going in? How does this affect the stock moving forward! Obviously it’s a game changer from my standpoint alone I will be taking cash out now something I wouldn’t have done.

[123trev] 02/11/2024 21:45

lol, you crazy kids.

[pierre oreilly] 02/11/2024 14:10

jibberish Nov '24 - 05:11 - 3731 of 3749



Did take a few GSK yesterday 1385 near 12 month lows.

---------------

Spot on timing jibber! Gsk rose a lot yesterday, and you bought the day before, as always.

I take it I don't need to prove you've posted many times recently that you are going to sit on your hands in markets like this?

You seem to be a retrospective millionaire with dissociative identity disorder. Each to their own. (btw, both of you should check your facts, assuming the both of you know what a fact is).

[jubberjim] 02/11/2024 13:52

Apologies to all

Pretentious Peat

If you could clarify that last post as to the share in question ?

Merci beaucoup

Would suggest checking the time and dates of my posts before posting any further scurrilous underhand remarks.

Check your facts !