Phoenix Share Discussion Threads

[marine boy] 19/11/2024 09:51

Methinks journalists / investigators will be looking more closely into Rachael Reeves' CV.

[adejuk] 18/11/2024 14:35

apols if my advanced age misleads me but I think I read buffet's opinion that the us market is overvalued by 68% [very granular]
this may be why he is holding more cash than at any time in BH's history.

[cwa1] 18/11/2024 07:35

Apologies to all for this quick, vaguely on-topic, post :-)

*BARCLAYS RAISES PHOENIX GROUP PRICE TARGET TO 515 (510) PENCE - 'UNDERWEIGHT'

[fenners66] 17/11/2024 20:37

Someone should do a freedom of information request to find out how long the average completion time is for Probate compared to what it was say 5 / 10 years ago - except the average time to respond to a FOI request has probably gone up to somewhere between a few years and ... never.

[lippy4] 17/11/2024 17:11

if the probate office staff worked in the office instead of at home like so many public workers it would be so much more efficient but they the government cannot see the problem in front of their nose..

[rik shaw] 17/11/2024 17:01

I agree consideration of an annuity depends on appetite for risk vv certainty. I was just noting that annuities with a guaranteed payment period potentially avoid the 100% loss at death that you implied in your earlier post.

[fenners66] 17/11/2024 15:27

Given in takes months and years to get probate in some circumstances now , I wonder whether they have even thought at all about how much pressure the move will put on the probate office to get probate done more quickly when more ordinary people are going to be asked to settle the IHT up front before getting any of their inheritance.

As for the tax office getting around to agreeing the figures ......

How many will die before they manage to get their IHT figures agreed ?

[fenners66] 17/11/2024 15:21

rik shaw - alternatively put the £100k in a SIPP with a mixture of dividend payers - some of which might be paying out in excess of 10% - oh yeah PHNX and gain a return (not risk free) of in excess of 4.8%.

Those willing to take the risk would likely get 2x as much.

Now assume the excess is reinvested back in to that mix of shares , possibly getting capital growth , if no growth no decline then achieving a compound of the return .... say 5% compounding ? And if the share prices declined some more with dividends held the compounding could be more.

The same problem in 2 years time IHT but at least the capital remains with you/your spouse and could be spent later, gifted , donated to charity etc...

Govt figures are suggesting 50,000 people a year will be paying IHT from 2027 instead of less than 20,000 now. I reckon that will be a serious underestimate, unless they are factoring in some sharp avoidance moves or have already accepted that those that can afford to will leave the country.

[rik shaw] 17/11/2024 14:41

If I were to buy a joint annuity now at age 65 with a 30 year guarantee for say £100k I would effectively get around a 4.8% fixed IRR which is not too shabby (effectively the opposite of a 30 yr repayment mortgage). The down side of a guarantee is that if the annuity passes to anyone other than a spouse within the guarantee period then it would fall into IHT.

[jubberjim] 17/11/2024 09:36

Net

Need I point out a profit is a profit and if I can get the percentage in profit say 10 % or more which is equivalent to the total yearly dividend then I am happy to get my liquidity back in place.

Don't knock it

Have a good weekend

[netcurtains] 17/11/2024 08:38

Its worth pointing out if people wait for an "absolute bargain" they are probably the type of person who will sell miles too early. You cant be both over cautious and over enthusiastic at the same time - but to be a big winner you need both sets of skills.

the UK is full of over cautious types... The USA is full of over enthusiastic types.

[jubberjim] 16/11/2024 13:03

Where would be without the challenge of trying to beat the market.

I will still be avoiding annuities I enjoy the frisson of trying to spot a bargain? and it keeps my brain sharp(my opinion) I am sure there a few posters who might disagree.

But might have to go into hibernation now for such is the fear prevalent in the market and the unwillingness of punters both rich and poor to get involved.

Results for my main holdings due in March

Have got my cash reserves down now to 21 percent as have been on a bit of a splurge Bp. and Gsk the main culprits (safe shares)? so called but what with Miliband and Kennedy spouting off can see more trouble ahead.

As the wife has said my timing sucks !

Be good enjoy the rest of the weekend and good luck

[skinny] 16/11/2024 09:46

From 6 days ago and almost on topic!

[joe say] 16/11/2024 09:24

If you landed on earth from outer space and was concerned about global warming on earth, would you

a. prioritise a 80 - 100% reduction in UK's emissions, or

b. reduce China's emissions by 1%

If you chose b - then you would save over double that of a at least.

But I think most people know that - but waste their time berating UK politicians and businesses when the real issue lies many miles away (I sense a private jet trip for a celebrity protest coming on)

[marine boy] 15/11/2024 19:40

Good to see the share price rally today. Onwards to 510p next week.

[fenners66] 15/11/2024 17:09

As we have not transitioned to renewables at a reasonable pace our energy cost is the highest in Europe (by a large margin I'm given to understand ) so our dirty manufacturing is still happening - but in China (steel industry for example). Where in order to keep up with demand for energy they are building new coal fired power stations. Then they export lower quality steel (say) all around the world back to us.

The world has worse emissions NOT better.
We are poorer.
No jobs.
More welfare state and less taxpayers
So we tax more and drive the wealthy abroad.
And have even less taxpayers and more govt borrowing.

You can see where this is going and its not helping the planet or us.

[adejuk] 15/11/2024 16:00

better still
talk to a phytoplankton

[adejuk] 15/11/2024 15:57

marine
go deep sea swimming
talk to a dolphin or a whale, or cod or turtle etc.
bw
ade

[adejuk] 15/11/2024 15:56

tornado
so you'll be happy to die rich
and f the future for your kids
maybe you can do what the oligarchs are doing and build
catastrophe immune bunkers - min cost $2bill - and leave to your family
good luck

[marine boy] 15/11/2024 15:50

Looks like there is an eco-warrior in the camp.

[jubberjim] 15/11/2024 15:36

Referee????