Top Trump: A Poem

[mezzaninedoor]

Im 53 and in theory can retire at 55 on income drawdown, my whole pension is now in a SIPP and Im watching the stock markets as a leftie liberal, worried about the Brexit cliff edge in the UK which I dont think will result in many US repercussions.

I wont retire at 55 as I need my SIPP to grow until Im 59/60 I think before I ought to start my income drawdown. 2018/2019 are said to be difficult years for economists to predict for UK stocks. I think my SIPP just invested in leasing an aircraft !!!!

[MyNameIsTerry]

Im 53 and in theory can retire at 55 on income drawdown, my whole pension is now in a SIPP and Im watching the stock markets as a leftie liberal, worried about the Brexit cliff edge in the UK which I dont think will result in many US repercussions.

I wont retire at 55 as I need my SIPP to grow until Im 59/60 I think before I ought to start my income drawdown. 2018/2019 are said to be difficult years for economists to predict for UK stocks. I think my SIPP just invested in leasing an aircraft !!!!

It's far too early to know. In 2 years we will be lucky if May & Corbyn have actually said what they want!!!

The transition period is supposed to prop up business so that should help with the £ and investments but after that who knows? Brexit is going to have a short term impact no matter what so we've just got to hope it rebounds by the time you come to take that pension. No doubt it will be impacting your contributions & growth though so do you plan on making adjustments against that?

Interestingly, since the referendum result my investments in stocks ISA's rocketed. QE then slowed things down but the gains were largely still present. So, I wonder if you can compensate by means outside of your pension so it props up any of the gains you will lose?

The £ was always overvalued anyway so I guess it was going to come sooner or later. Joining the Euro would have had a big effect over night as well as stopping up making other gains when we joined a single currency. So, we have made gains we wouldn't if we had gone with "ever closer union" back then and this will have helped pensions?

Are you getting a time share on that plane?

Isn't this one of the worries about Corbyn? Nationalisation could mean trying to buy off at a lower rate and that's where our pensions are invested, aren't they? Corbyn may be fine here but it's loons like McDonnell that would be the worry as he's got compulsory purchase written all over his face.

[hanshan]

Hi Noivous - I hope your strategy works out for you. I’m around 85% cash at the moment. Actually, my suspicion is that the market will be flat this year, so being either in cash or fully invested won’t make much difference overall.

I’m mostly in cash because I think there may be some temporary downside to come, but with buying opportunities. Even Warren Buffett says he is sitting on cash because there haven’t been enough good value buys! I don’t think there are any nasties to come out of the woodwork as there were in 2008 – it’s just a tired market at the end of a nine-year bull run that needs a breather.

The real wild card is Trump with his protectionism and threatened deportations in a very tight labour market – I can only see that the steps he is advocating would have a negative effect (although I'm not sure that you would agree).

[Noivous]

Our definitions differ on a lot of things Hanshan.

Even in the crash of 2008/2009 I stood firm. Didn't move one inch from my position...and thank goodness I didn't. I know those that did and have suffered greatly for it.

When I see folks getting nervous about the market I bring up a scene from an old classic movie - It's a Wonderful Life with the late great Jimmy Stewart - maybe you've seen the film. it's the crash of 1929 and there's a run on the Bailey Savings and Loan. Jimmy Stewart AKA George Bailey is imploring the bank customers not to panic. He says that his nemesis Old Man Potter (played brilliantly by Lionel Barrymore) isn't panicking...he's not selling he's buying Bailey says.

Of course a lot of investing has to do with time. Not timing...time. How much time does one have? Time is one of the things we can't control. Cost is one of the things we can control...along with risk.

I will say this...back in the beginning of 09 I did move a substantial amount of money out of the market only to show a loss...moving it back in 30 days later. Boy did that pay off eventually. It's simple things like that that should be taught in high school. Not how to put a condom on a banana.

Protectionism? So what's wrong with a nation protecting itself? That's a basic human instinct. Aren't you protecting yourself by sitting on cash?

As for folks entering a country illegally...nope...can't have it.

---------- Post added at 12:58 ---------- Previous post was at 11:49 ----------

Ah the Obama years...those were the days.

https://townhall.com/columnists/davi...usion-n2456233

[hanshan]

What it takes to buy a gun in Japan.

(In 2014 there were six gun deaths in Japan, compared to 33,599 in the US.)

1. Join a hunting or shooting club.
2. Take a firearm class and pass a written exam, which is held up to three times a year.
3. Get a doctor’s note saying you are mentally fit and do not have a history of drug abuse.
4. Apply for a permit to take firing training, which may take up to a month.
5. Describe in a police interview why you need a gun.
6. Pass a review of your criminal history, gun possession record, employment, involvement with organized crime groups, personal debt and relationships with friends, family and neighbors.
7. Apply for a gunpowder permit.
8. Take a one-day training class and pass a firing test.
9. Obtain a certificate from a gun dealer describing the gun you want.
10. Buy a gun safe and an ammunition locker that meet safety regulations.
11. Allow the police to inspect your gun storage.
12. Pass an additional background review.
13. Buy a gun.

And in Australia … (Sales are limited to one or two shot rifles or shotguns. Hand guns or semi-automatic weapons cannot be bought - with some exceptions, eg specialised sporting pistols used only at a firing range).

1. Join and regularly attend a hunting or shooting club, or document that you’re a collector. Gun owners must provide a valid reason for owning a weapon, such as farming or hunting (self protection is not a valid reason). Gun clubs must inform the authorities of inactive members.
2. Complete a course on firearm safety and operation, and pass a written test and practical assessment.
3. Arrange firearm storage that meets safety regulations.
4. Pass a review that considers criminal history, domestic violence, restraining orders and arrest history. Authorities may also interview your family and community members.
5. Apply for a permit to acquire a specific type of weapon.
6. Wait at least 28 days.
7. Buy the specific type of gun you received a permit for.

[Noivous]

Yawn...Hey did anyone watch the Olympics?

[Hollow]

Yawn...Hey did anyone watch the Olympics?

Hey Noivous, what's your analysis of Trump's latest statements regarding gun control? From what I've heard lots of his supporters are pissed off about it.

I'm not really a fan of the Olympics TBH. Although, I do think there's been a witch-hunt against Russian athletes. The Williams sisters have been pumping themselves with all sorts of drugs and no action has been taken against them.

[mezzaninedoor]

Noivous,
Does your yawn just mean that you don't feel the need to debate gun control because we are not convinced by your argumennts and so like many convinced that current gun control is fine you just find our discussions and facts dull ???
I know we agree to disagree on many things already but normally you enter into a dialogue, I think a 'yawn' is bit much buddy

Tony ( Mezza )

[Noivous]

Hollow - I'm not worried about Trump's comments too much. He did the same thing with DACA. He plays the rope a dope as well as Muhammad Ali.

Well yeah Mezz...What's the point? We've been down this road before. Your solution I suppose is blame the gun...not the perp...not the psych meds...not violent video games...not an ultra violent entertainment industry...not an educational system that is practicing social engineering...not not not. You don't ask why this is happening...because we've always had these guns but not the mass shootings. So yes...yawn to talking to folks who aren't serious about the issue. It's kind of like the racism charge...it's used so often as a political weapon now that the charge has been rendered meaningless.

So...did you watch the Olympics?

[Hollow]

Mormon Parkland School Shooting Victim’s Miracle Recovery

https://mormonhub.com/blog/buzz/lds-...acle-recovery/

“She was shot four times with an assault rifle at close range and now she’s sitting downstairs a week later with two friends from church, laughing. I can’t even believe it,” her father David Wilford reported to the Deseret News about the miracle.