Lloyds Banking Share Discussion Threads

[hernando2] 24/8/2019 11:28

Free energy...I remember when Gas was discovered in the North sea, they said it wouldn't be worth collecting the money, as it would be more expensive than just giving away the gas free....

free energy...I know why doesn't the government give cash to people who buy solar panels and then give electricity back to the grid...that will encourage widespread solar panel usage.

that could be a sketch in yes minister...up to date

[mikemichael2] 24/8/2019 11:15

They say 10 years to get your money back Alp, plus i suppose your doing your bit for the environment, so if you're staying put ok.

I'm looking forward to the day when your solar panels run your air source heat pump heating,and storage technology stores enough electric to provide free electric and heating day and night.Not far off.

[hernando2] 24/8/2019 10:32

Look at the one about

'Why the UK is in the EU'....very amusing

[sentimentrules] 24/8/2019 10:16

Never even knew that Alphorn. Thank you. Yes much more green. Brilliant actually

[alphorn] 24/8/2019 10:13

SR - in Switzerland the grids are starting to give you 'virtual' storage. You feed the grid and then draw down as necessary. You don't need battery storage then which is very green and saves huge cost.
Countries like Lithuania are already running virtual storage on the grid. You must draw down by end April every year after the winters.
Not possible in the UK I understand as the grid will only take 3kw I am told by someone who has a big installation.

[sentimentrules] 24/8/2019 10:05

I have solar panels and mini wind turbines. But to be honest no technical nous. Just let others install etc.

Great combo. Should look at those too. Il get an electric car one day when a bit cheaper . Save a fortune between home and car power

Going to look into storage system next rather than grid return

[gotnorolex] 24/8/2019 10:02

mm2 does good flush beat a full house?

[alphorn] 24/8/2019 10:00

mm2 - have just signed up on a solar panel installation - do you have any experience on that?
………;……̷0;…or anybody else?

4.8kw system.

(South facing house and high amount of sun).

[sentimentrules] 24/8/2019 09:57

The perfect method is:

Investor nous ..trader timing...risk management.

Subparts:
Understand the money.
Understand the short side of the market even if only a buyer.

Obviously a bit more to it.

But with the new norms, got to be holistic in the approach.. .an understanding of, and execution of, via the mindset of whole market.

When I buy... I'm at my most pessimistic. That's when i just watch other side of the market...got to see then coming..

[xxxxxy] 24/8/2019 09:55

Trump will be a great President. We'll see.

Great idea buying Greenland. Depends on some ref. of the people.

Have a nice day.

Lovely in Wales.

[xxxxxy] 24/8/2019 09:54

Taxing the rich?

By JOHNREDWOOD | Published: AUGUST 24, 2019

The government has indicated it wants to cut income and wealth taxes. Doubtless the cry will go up from Labour that this will be tax cuts for the rich. In trust in practice it will be tax cuts for all. Today I want to seek your advice on who are the rich that Labour wants to tax.

Let’s begin with a group of millionaires. Many would say automatically all millionaires are rich, because by definition they have a million pounds of assets which no poor person enjoys. Here are some interesting millionaires:

Mr A is an elderly pension living on his own in a modest one bedroom flat in central London. He bought this many years ago, and it is now said to be worth £1m even though it is not in a good state. He has no other savings and lives on the state retirement pension and top up benefits. He cannot afford a car or holidays. He does not want to move as his friends and support group live nearby.

Mr B is another elderly pensioner who lives in a modern flat in a market town, worth £250,000. He has an investment fund worth £750,000. With his adviser he plans to draw down around £50,000 every year to spend, and reckons with the anticipated returns his fund might last him 20 years. He will adjust his drawing up if the investments do better, and down if they do worse. He also has his state pension.

Mrs C recently sold her £750,000 family home on the death of her husband. She also has £250,000 of other savings. She has bought a £250,000 new smaller home. She has given £250,000 to each of her two children to help them with housing and private education costs for her grandchildren. She has bought an annuity with the other £250,000 to provide her with an income of £10,000 a year to add to the state pension.

Mrs D and her new partner have just sold her £1m house and have decided to rent. They also plan to spend their way through the £1m whilst they are still in good enough health to enjoy the cruises, expensive hotel stays, grand events and good restaurants they have always wanted to try. They expect to spend at least £100,000 a year. They take the view that no-one knows how long they will live and you cant take the money with you.They say you can always rely on the state if you live for a long time.

Are all 4 of these people rich? If not, which if any of them are rich?
Mrs C is no longer a millionaire because she chose to give money away. Mr A is very income poor and depends on state top ups for his income. Mr B is on a well above average income, but will be depleting his capital, taking it down to very little over the balance of his lifetime. Mrs D will spend like a rich person but will run out of cash quite quickly as she does.

Do we tax them fairly? Those that spend away their capital will pay more VAT but less income tax and capital gains. Those who keep their savings will pay more income tax and capital gains tax. Those who move will pay more Stamp Duty. Those who run down their capital will not only pay less income tax but will receive more state benefits if they live long enough. Those giving money away before their death will be trying to find ways to avoid Inheritance Tax.

Observant readers will realise that all these people have the same options as each other because they all start with £1m of assets.

[sentimentrules] 24/8/2019 09:53

Fact is alphorn, i trade based on investor/trader methods.

I wouldn't even take a day trade, if i didn't feel fully aware of the scene in thr last twenty years..and where investors are at that day..medium to long-term outlooks

[sentimentrules] 24/8/2019 09:51

Alphorn absolutely. Too many trades is the same as too many investments.

But I disagree that trading is more risk. Re one trade to one investment.. far less risk in the trade. But as ever it depends on management.

If it's poor, both will be terrible risk. No question of it

[alphorn] 24/8/2019 09:45

SR - it is also true to say that the more an individual trades the higher the risk and the increased likelihood of losing money. My brother, who was an US economics professor, reminds me whenever I see him! I am not a trader btw but look for future trends (hence my interest in the outcome of Brexit).

[sentimentrules] 24/8/2019 09:37

As somebody said elsewhere...irrational is the new norm..

[sentimentrules] 24/8/2019 09:35

Problem with many investors is, they think it's smart to hold all data...all downturns.. . Everything.. .

And they disrespect traders because for some strange reason, they think traders carry more risk.

You wont see good traders down 10-80% in a stock.. and their money is normally made 'inbetween events'. The safe ride. No holding dodgy data days. Limit the 'time and data' risk. Of course they do buy/short imminent data release too...but again..its edged on limited upside/downside due to current direction.

Minerve assumes the buffet way is for mere mortals... maybe it was a long time ago. Not now. You end up like woodford these days in 'mere mortal buffet mode'.
.his selections were shocking. But if you dig deeper, a lot of buffet elements were applied at the time. Apart from boardroom deals of risk control genius . .

[gotnorolex] 24/8/2019 09:26

If Georgie Boy Osborne makes it, Sterling will come home again to stay!

[maxidi] 24/8/2019 09:24

Premium Bonds!!!
My wife and I had £50k each for years and got fed up of waiting for a big win. We got only 1.25% return per year (average)over 5 years.
Sold them a few months ago and put the money into dividend stocks at 5% - 6% return.
Lloy is one of them.

[poikka] 24/8/2019 09:09

Ferchristsake, I've got Minnie and SR filtered, but they still fill pages!

[poikka] 24/8/2019 09:08

Max quoting - "Boris Johnson is expected to continue pressing for George Osborne to replace Christine Lagarde at the International Monetary Fund at this weekend's G7 summit."

Boris just wants him off of the Evening Standard.

Dodgy bird, too dodgy even for the Royal Bank of Bonny Scotland - and that's saying something. Where's Bob?

[alphorn] 24/8/2019 09:08

mm2 - remark not called for.

There is a lot of anger on this thread. Long gone are any posters interested in helping or taking on board experiences of others (on any subject*).

Enjoy the long weekend and chill.


* I remember mm2 your offer to help on any plumbing questions.

[bargainbob] 24/8/2019 08:48

Minerve is an example to all self made millionaire willing to help others .