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>> No. 7489 Anonymous
18th March 2019
Monday 12:13 pm
7489 Joining a lease
Afternoon gents,

I viewed a room last week in a 2 bedroom flat. It was nice, and I agreed to take it. The lease signatories are a young couple; they took the place recently, planning to get another tenant in as soon as possible.

Ordinarily this wouldn't be a problem, but googling the letting agency shows a chequered past; XYZ Properties launched, dissolved, then XYZ Lettings was born, then dissolved. In it's latest form it isn't listed -- their website doesn't work, their landline gives a busy tone. That said, I've read the reviews, and the agency is genuine, just shit, and run by a guy on the make.

Preamble over, is it reasonable to suggest to the couple that I pay them directly? They would sublet the room to me, if that's not prohibited, and my name stays off the lease agreement.
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>> No. 7492 Anonymous
18th March 2019
Monday 12:49 pm
7492 spacer
I'd say those are too many red flags for me and give the place a miss.
>> No. 7493 Anonymous
18th March 2019
Monday 8:21 pm
7493 spacer
Sounds bad.
>> No. 7494 Anonymous
18th March 2019
Monday 10:09 pm
7494 spacer
Sounds like a dodgy company, and you have to be pretty fucking dodgy to stand out as such among letting agencies.

Doing it off the books if not a great idea either, unless you have a contingency plan. You won't be protected much, if at all, in that arrangement.
>> No. 7495 Anonymous
18th March 2019
Monday 10:59 pm
7495 spacer
You have no protectiom that way, but it doesn't sound like you'd have any regardless. You may very well find yourself homeless very quickly and overnight.

>> No. 3840 Anonymous
19th September 2013
Thursday 10:03 pm
3840 Pensions
The OFT have come out and said that many old (i.e. set up before 2001) pension schemes have high charges and offer savers poor value for money. They've also suggested a cap for auto-enrolment schemes, but it's going to be an almost meaningless gesture as you'd be very hard pressed to find a provider offering auto-enrolment terms with annual management charges greater than 1% anyway.


The pension scheme I'm in at work (contribution: 5% employer, 5% employee gross) has management charges of 0.6%, which I'm alright with as it's less than I'd get if I was investing in collectives through an ISA.

However, I've put the charges and contribution details into Invidion's pension calculator for an idea of what I'd get when I'm 65, 40 years from now, and if my salary increases in line with National Average Earnings and I took the 25% tax-free lump sum I'd be looking at a pension in today's terms of 27.5% of my current salary. If I wanted a pension that would be about two-thirds of what I'm earning now then I'll need to contribute, assuming the employer contribution stays at 5%, 15% gross (12% net) of my salary every year for the next four decades. This does depend on what annuity rates will be like then and I'd also be getting the State Pension, as long as they haven't upped the age you receive it to 80 by then.

If it wasn't for the tax relief and my employer matching my contributions then I doubt I'd bother and I'd look into other ways to support myself while I'm in retirement. What about you lads? What are your thoughts on pensions? In my opinion to have any form of decent retirement income you're at the mercy of your employer offering a good pension scheme.
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>> No. 7483 Anonymous
11th March 2019
Monday 10:23 am
7483 spacer
>You could ask your new employer if they'd pay into your existing plan but very few will
Is that because they have bespoke deals with pension providers?

Cuurently my plan has a net transfer value of ~£3K. Ignoring charges what would you do?
>> No. 7484 Anonymous
11th March 2019
Monday 10:42 am
7484 spacer
Employers just prefer for everyone to pay into the same scheme because it's less hassle for them.

The average workplace pension is typically cheaper than the average individual plan because insurers will offer employers discounts if it means a lot of money will be coming their way, assuming the employer is savvy enough to be aware of this and to shop around. If an individual wants a cheap pension outside of the workplace then they're better off using a platform, also known as a fund supermarket, rather than your traditional insurer unless they've got a fair bit of money to play with.
>> No. 7486 Anonymous
11th March 2019
Monday 9:11 pm
7486 spacer

Vanguard keep promising to release a very cheap pension where you can invest into their funds. It has been a long time coming, though.
>> No. 7487 Anonymous
11th March 2019
Monday 10:19 pm
7487 spacer
Vanguard seem overhyped to me. Fair enough if you're nearing retirement so you're better off with an equity & bond fund, but if you're younger then their pure equity funds aren't anything special so you might as well take more risk. It's letting the tail wag the dog.
>> No. 7491 Anonymous
18th March 2019
Monday 12:20 pm
7491 spacer
Click Anonymous.

>> No. 7469 Anonymous
26th February 2019
Tuesday 5:11 pm
7469 spacer
Friend's bag was stolen from my car, and a card from their wallet was used to make 4 contactless payments (3 pictured). I asked my friend to ask the bank to send a more detailed breakdown of transactions (times and locations), and she was told by the bank's fraud team that they don't have location information available to them -- just what you can see. Is this really true, or has there been a miscommunication somewhere? My supposition was that there's something like a location ID for each transaction, that could be used to determine in which of the 3 within-walking-distance Sainsburys' the card was used.
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>> No. 7470 Anonymous
26th February 2019
Tuesday 5:13 pm
7470 spacer
my mistake -- only 2 of the 3 payments pictured.
>> No. 7471 Anonymous
26th February 2019
Tuesday 5:18 pm
7471 spacer
What use do you hope to gain from that information? Just report the thing stolen and dispute the charges.
>> No. 7472 Anonymous
26th February 2019
Tuesday 5:33 pm
7472 spacer
What's the point of all this modern tracking information if we can't use it to go all Liam Neeson in Taken on petty thieves? Or real life Liam Neeson if they happen to be black?
>> No. 7473 Anonymous
26th February 2019
Tuesday 5:47 pm
7473 spacer

Even if the banks have this information (which I really don't know if they do, but you'd assume so) this is exactly the reason why they don't give it out to the public, particularly the angry public wot just got his wallet nicked.
>> No. 7474 Anonymous
26th February 2019
Tuesday 5:48 pm
7474 spacer
The bank won't have that information, but Sainsburys would. They aren't going to give it out unless the police come knocking.

>> No. 7464 Anonymous
24th February 2019
Sunday 3:15 am
7464 spacer
I've come to seek some very serious financial advice. I'm in my mid thirties but I've never borrowed a penny from an official institution. I'm not quite a pikey but I'm not that far removed if I'm being honest. I've grown up in a culture of working for cash and buying things for cash. Debt is a dirty word in my family and I've always lived within my means.

I've been quite frugal over the years and have managed to put together about 90k in savings. My employment history is sketchy at best and although I've been working since I left school, there are some serious gaps in the official records when it comes to my income.

For the past six months I've been self employed with about 80k a year coming in. All declared and above board.

I've always assumed that I couldn't get a mortgage and I'm still doubtful but I thought it might be worth asking some strangers whether I'm right.

My current overheads are pretty low and at a push I can save a good few grand a month after tax and rent etc. That means I could potentially have a lot more in the bank in the near future.

I desperately want to own a house and I know I could buy something tiny in a shit place with the money I have but I've recently been wondering what I could get if a bank would lend me a big chunk. I don't want anything fancy but it would be nice to have some space in a nice area.

As I said I know nothing about debt so my main questions are do I have any chance of getting a mortgage with only 6 months of official financial stability (and no credit history), and if so, how much would they lend me with 90ish as a deposit?

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>> No. 7465 Anonymous
24th February 2019
Sunday 3:18 am
7465 spacer
Go and see a mortgage broker.
>> No. 7466 Anonymous
24th February 2019
Sunday 8:41 am
7466 spacer
You can normally borrow about 4.5x of your salary on top of your deposit. You'll probably need a longer history of income, especially if self-employed. That could take a year or two.

It might be worth getting a credit card and spending a bit each month, making sure it's paid off in full to avoid interest. It's an easy way to demonstrate that you manage money well. Having no evidence of debt management can be a negative thing, I suppose the logic is 'if we can't see you managing small debts, we're unsure about your personality with larger debts'.

I often check both moneysavingexpert and r/ukpersonalfinance because they'll have a lot of info on this sort of thing.
>> No. 7467 Anonymous
24th February 2019
Sunday 9:45 am
7467 spacer
Seconded for r/ukpersonalfinance , there's some absolutely stellar advice given there on this sort of thing.
>> No. 7468 Anonymous
24th February 2019
Sunday 10:32 am
7468 spacer
Okay - a mortgage broker will definitely help as they will have actual offers from lenders. I can recommend Charles Cameron.

There are three variables to a mortgage - how much you earn (£80k), how much deposit you have (£90k) and how affordable your monthly payments are going to be. On the downside, you're self-employed, which means you have to do a little bit more proving you can still earn that much in the future. Your £90k deposit is a very good upside though. You can generally borrow between 3x and 5x your earnings depending on how dependable they are and the lender/offer.

On the affordability side, the general rule of thumb is you should be spending no more than 28% of your monthly income after tax is paid, which for you is about 1200 quid per month. The last variable is how many years you are taking the mortgage for, this varies between 10 and 30 years. Based on all that I would think you could be getting a mortgage of about £250k which added to your deposit means you can buy a property of £300k-ish.

You should get a mortgage that allows you to overpay - if you're as good a saver as you say, this means that you can overpay it every month, which dramatically shortens the term. There are mortgages (offset mortgages) that also allow you to keep your savings and balance the mortgage against it - again, a broker will help here as they can get actual offers to talk about.

When you speak to a broker, and they talk to lenders, you'll have to do some extra work because of being self-employed and the fact that rules have tightened up around affordability recently, but you have a good deposit and that really helps.

>> No. 7445 Anonymous
23rd December 2018
Sunday 6:36 pm
7445 Stock Market, This Is Fine Edition
Are any of you lads caught up in the stock market jitters of the past few weeks?

I am still long on a few S&P500 sector leaders, and naturally I'm not comfortable with the way they have tanked. Got out of all my FTSE100 stocks at the beginning of this summer, and not to my disadvantage, it seems.

So what to do now? Get out of my remaining stocks and cut my losses? Wait for a rebound and then sell the hopefully ensuing bear market rally? Or just hold until this all blows over?
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>> No. 7448 Anonymous
23rd December 2018
Sunday 7:18 pm
7448 spacer
I bought my S&P stocks in May this year when the index started showing signs of recovering from its slump a few weeks earlier. I was right to do so, as it turned out, hoping that strong corporate gains from Trump's tax cuts would offset QE tightening. but I then kind of missed the boat because obviously the S&P has plummeted since the ATH in early October.

Really didn't think we would go from ATH to bear market in just ten weeks.

Glad I made the right call on the FTSE though. My pertaining portfolio would be worth nearly 15 percent less now, i.e. worse than the index's performance. Sold it all near the market high. With Brexit, it's not where you want your money in the foreseeable future.
>> No. 7449 Anonymous
23rd December 2018
Sunday 8:10 pm
7449 spacer

>chasing / waiting out losses to rebound never, ever works

It depends. In a strong uptrend with the stock of a fundamentally healthy company, against the backdrop of a strong economy and other positive market determinants, an intermittent dip can be waited out. On the other hand, nobody tells you when that strong uptrend will fizzle out and a stock is going significantly lower with no hope of bouncing back to your break even point.
>> No. 7450 Anonymous
23rd December 2018
Sunday 8:31 pm
7450 spacer
>With Brexit, it's not where you want your money in the foreseeable future.

Value stocks are exceedingly cheap, relative to their fundamentals. I'd expect there to be a cyclical change in 2019 from growth stocks, particularly tech ones, to value stocks performing strongly. If you're prepared to hold then there's bargains to be had.
>> No. 7452 Anonymous
23rd December 2018
Sunday 10:15 pm
7452 spacer

>Value stocks are exceedingly cheap, relative to their fundamentals

That's a double edged sword though. There are two reasons why stocks can be cheap relative to fundamentals, for example if you take earnings multiples. One is that the market is genuinely oversold due to a sudden panic that just dragged profitable companies down with all the rest of the stocks. That indeed presents a buying opportunity. We had that in many (European) indexes right after the Brexit vote, where the overall picture for the coming months or year was nowhere near as grim as it seemed on the day of the Brexit sell off.

The other possibility, however, is that stocks are cheap relative to current earnings because they are expensive relative to future earnings. That's a huge pitfall right there. A stock may trade at 12 times 2018 earnings at the moment, and that's a decent price earnings ratio, but if your earnings are feared to go down 40 percent in 2019, as they very well might with some stocks if the economic outlook worsens, then suddenly you have a PER for 2019 (at the current stock price) of exactly 20. And as a value investor, that's no sweet spot to get in on. It's very likely that your stock will not have seen its bottom despite a recent slump. Your stock would have to go down another 40 percent to get you the same kind of PER of 12 for 2019 as it does now for 2018.

Having said that, I think markets are at the moment pricing in that there could be a recession. But as markets often do, they tend to exaggerate the actual big picture. At the point where we are at right now, after almost an entire month of ceaseless panic selling and a whole 4th quarter of sizeable overall down movement, there is a good chance we've undershot even the grimmest worst case scenarios for 2019 and beyond. Stocks are really remarkably oversold right now, going by various technical indicators. There is at least some room for short-term speculation to the upside again.
>> No. 7454 Anonymous
17th February 2019
Sunday 8:13 am
7454 spacer

Did you sell out at the absolute arse end of the market fall and miss out on the subsequent rally, OP?

>> No. 7430 Anonymous
5th December 2018
Wednesday 6:04 pm
7430 The Utility of second hand shops
I went into CEX today. I am fascinated how the pricing works in these shops and what it says about society. Anything newish will be priced at close to new but historical items but when you think about it it doesn't make sense that deadpool 2 is somehow ten times more valuable then the complete Lord of the rings trilogy. Assassin's Creed 1 and 2, Cod:mw2 for the PS 3 are all priced at 75p these were triple A games, best sellers and therefore should be considered classics. Yet 'hamsterz' for the DS is priced at £4. It seems strange that the market would consider that game 5 times more valuable.

I don't doubt the sanity of the pricing of the seller but it seems odd that is what these things are worth.
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>> No. 7440 Anonymous
5th December 2018
Wednesday 11:45 pm
7440 spacer
It's been some many years since I played computer games and visited a CEX store but I was always blown away by their ability to absolutely stink.
>> No. 7441 Anonymous
6th December 2018
Thursday 1:26 am
7441 spacer
I seen an alleged employ try and claim, on 4chan, this was because "It's a company for greasy moshers, ran by greasy moshers." I replied implying he was the lad who got arrested for raping a lass at the annual festival they do for staff every year and he said she was a liar. I don't know if I accidentially shitposted myself into outing a rapist, but I digress.

CeX is full of the absolute foulest human beings and foulest smelling men and women I've ever had the misfortune of socialising with, with rare exceptions. Some people will say "It attracts smelly bastards." but poor people are poor, not dirty. It's 100% the staff. If you ever go into one run by someone who isn't a balding millenial wearing a Trivium T-shirt, the staff are all young student age men and women who are clean and smell fine. If it is, it reeks like lynx and stale BO and the staff are all fat with bad breath; even the women.

This is fact and can't be disproved.
>> No. 7442 Anonymous
6th December 2018
Thursday 1:48 am
7442 spacer

>This is fact and can't be disproved.

The trump defence.
>> No. 7443 Anonymous
7th December 2018
Friday 11:45 am
7443 spacer
I remember once dropping a CV off there and the guy I waited in the queue to give it to said "Give it to the manager" and started serving other people. Didn't know who the manager was so I just stood there until he repeated "Give it to the manager" and I asked him who was the manager, and he pointed to the guy stood next to him, who up until now had been totally ignoring me.
>> No. 7444 Anonymous
7th December 2018
Friday 9:44 pm
7444 spacer
I had an interview at CEX as a teenlad jobseeker but didn't get the job. Probably for the best.

>> No. 7422 Anonymous
11th November 2018
Sunday 3:26 pm
7422 spacer
It's time for me to switch energy providers as has sadly become necessary every 12 months. The price comparison sites recommend this new outfit Powershop, backed by nPower. Their bog standard tariff is quite competitive but they have a gimmick contract where you have a slightly higher standard tariff as a fall back, but you can supposedly save hundreds of pounds a year by buying discounted 'Powerpacks' of energy through their app. What's the idea? Is it simply they offer you a discount for buying in advance, is that literally all it is? Does anyone have any experience with this kind of thing? Is it worth the faff? Probably not I bet.
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>> No. 7425 Anonymous
12th November 2018
Monday 12:09 am
7425 spacer
I feel bad because I have never actually switched anything like this, and I really should. I pay a couple of grand a year for power/gas.
>> No. 7426 Anonymous
12th November 2018
Monday 1:55 am
7426 spacer

>> No. 7427 Anonymous
12th November 2018
Monday 5:38 pm
7427 spacer
Jesus. You're pissing money away.
>> No. 7428 Anonymous
12th November 2018
Monday 6:01 pm
7428 spacer
You should switch provider as often as possible tbh.

>> No. 7429 Anonymous
12th November 2018
Monday 6:02 pm
7429 spacer
I would recommend www.reddit.com/r/ukpersonalfinance

They are very helpful.

>> No. 7057 Anonymous
18th July 2017
Tuesday 3:32 pm
7057 spacer
A friend of a friend who stayed with me for a while but has now left somehow accidentally got a credit card he ordered sent to my address.

Is it okay to hand it over to him or does this sound like it might be some sort of fraud where I'd be accountable for the debt?
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>> No. 7416 Anonymous
30th October 2018
Tuesday 12:42 pm
7416 spacer
I don't understand this - if the mail is being returned to sender then someone is obviously using the property in order to receive it, so why would they delist it?
>> No. 7417 Anonymous
30th October 2018
Tuesday 3:22 pm
7417 spacer
n1 m8 bailiff won no wot it im
>> No. 7418 Anonymous
30th October 2018
Tuesday 5:58 pm
7418 spacer
Do you have anything to add to the conversation?
>> No. 7419 Anonymous
30th October 2018
Tuesday 7:17 pm
7419 spacer
He's evidently added more than you have. Now piss off trying to start yet another cunt-off.
>> No. 7420 Anonymous
30th October 2018
Tuesday 9:21 pm
7420 spacer
I'll take that as a no then.

>> No. 7388 Anonymous
20th October 2018
Saturday 12:08 pm
7388 Budgeting
What's the best method for budgeting?

I'm aware that I'm drifting a bit through life and not paying close enough attention to my personal finances. I could do with a system so I can analyse what is being spent and where that I can also use to plan ahead for annual bills and the like. I'm assuming the best thing to start with would be putting my bank statements on a spreadsheet.
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>> No. 7392 Anonymous
23rd October 2018
Tuesday 6:01 pm
7392 spacer
>Free trial too

How much does it cost thereafter?
>> No. 7393 Anonymous
23rd October 2018
Tuesday 7:21 pm
7393 spacer
MoneySavingExpert have a useful spreadsheet template.

>> No. 7395 Anonymous
23rd October 2018
Tuesday 8:54 pm
7395 spacer
Why not dust off some of those old C++ skills and code your own spreadsheet?
>> No. 7396 Anonymous
23rd October 2018
Tuesday 9:26 pm
7396 spacer
Why reinvent the wheel?
>> No. 7397 Anonymous
23rd October 2018
Tuesday 10:28 pm
7397 spacer
I was just giving OOP some pointers!

Thanks for playing

canal boat.jpg
>> No. 7379 Anonymous
24th August 2018
Friday 8:38 pm
7379 'Alternative' living
What are your options in the UK if you don't want to pay rent to a landlord and you don't want to pay off a mortgage until you're 60? Let''s assume you have access to mobile internet and a way to make a very modest living from home.

This thread is inspired by me seeing an ad for a canal boat for 18k. It's smaller than a studio flat but it's cosy enough and has all the basic amenities. Apparently you can avoid paying any sort of mooring fees by moving along the canal every two weeks, essentially being a kind of canal gypsy. People often say that a boat is a hole in the water into which you throw money, but how true is that for canal boats? Seems like there'd be far less maintenance for a boat lazily cruising along freshwater canals.

I would quite happily buy some cheap land and live in a caravan or yurt or build a log cabin, but it seems like local councils and planning permissions would get in the way. What's the cheapest sort of house you could build that would get approval?
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>> No. 7382 Anonymous
25th August 2018
Saturday 7:58 am
7382 spacer
It's probably obvious, but you'll need a friend or family member who you can use as a fixed address.
PO boxes aren't accepted by a lot of organisations such as the DVLA.
>> No. 7383 Anonymous
25th August 2018
Saturday 9:50 am
7383 spacer
Are old buses cheaper to maintain than boats? Maintenance on my not-so-old 7.5t van was hard to DIY because of the scale, and parts were cripplingly expensive. Getting it towed to a repair place will bankrupt you.
Not saying boat maintenance is cheap, and anything that needs hauling out is going to need saving up for. I think that there are probably fewer critical systems on a canal boat, though.
>> No. 7384 Anonymous
25th August 2018
Saturday 10:08 am
7384 spacer

I don't think you'd need to maintain it in that sense. It'd be effectively using it like a static caravan.
>> No. 7385 Anonymous
25th August 2018
Saturday 11:33 am
7385 spacer

Like a lot of people I don't relish the idea of taking out massive mortgages or giving away 2/3 of what I earn to rent.

A quick search on the OP's idea revealed the following helpful article: https://uk.boats.com/boat-buyers-guide/living-on-a-boat/#.W4Eq3s4zqUk

There's a Residential Boat Owner's Association (RBOA), too: https://www.rboa.org.uk/living-afloat/

Guides variously use terms like 'liveaboard' or 'living afloat' to describe the strategy. The RBOA have a book on the subject here: https://www.amazon.co.uk/Living-Afloat-C-Valerie-Lee/dp/0953246523
>> No. 7386 Anonymous
28th August 2018
Tuesday 6:31 pm
7386 spacer


A boat can be a fine idea, but it isn't for everyone.

>Apparently you can avoid paying any sort of mooring fees by moving along the canal every two weeks
This is true, however you're not likely to get away with simply moving 10 minutes along the towpath. I know that in (or near) London especially the CRT are quite hot on checking people out and that 'continuous cruisers' must move a couple of miles at least, and the same again after 2 weeks. So you can't go backwards and forwards between two places. They may be more lenient elsewhere, but I expect that around other built up areas it's the same story.


My advice would be if you're thinking of moving on to the canal then you should spend some time on a boat. Maybe start walking along the canal and speak to people on the boats - they're (usually) pretty friendly folk. Sometimes people will rent out their boats for a while if they're going away or something like that.

When I said it's not for everyone I mean that you have to be prepared to take the rough with the smooth. When you're moving your boat in the pissing rain with nobody to help you through the locks, then you've got to ride your bike back to your car and put your bike in the car, drive to the petrol garage and pick up a few bags of coal because you ran out in the middle of the night, then you've got to try and park near to where you moored up but the nearest bridge is half a mile from your boat, then you've got to trudge along the towpath with your coal in your wheelbarrow, then you remember your shitter's full and you forgot to empty it when you filled up your water tank, etc. Can be quite long, but if you're organised and/or not so bothered by that sort of thing then happy days await.

They can definitely be a money sink, so do some research before you go dropping thousands of pounds on a boat because it's cheaper than a house or flat. I would say it's worth looking at boats moored at non-residential marinas, they're likely to have been owned by old couples who used them rarely and kept them in good nick.

>> No. 7353 Anonymous
25th July 2018
Wednesday 9:10 am
7353 spacer
With Brexit looming, I predict the pound will plummet in value, when the day comes.

Would it be wise to put my savings into gold bullion?
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>> No. 7369 Anonymous
25th July 2018
Wednesday 7:05 pm
7369 spacer
No, I would ask why I thought it necessary to send money to Bulgaria and why this is a perk.
>> No. 7370 Anonymous
25th July 2018
Wednesday 7:08 pm
7370 spacer
Why do people in London and Aberdeen "send money" to every other city in Britain?
>> No. 7371 Anonymous
25th July 2018
Wednesday 7:12 pm
7371 spacer
In a transactional sense there are costs and benefits - mutually beneficial ones. If it's not beneficial it's not a perk.

> The other EU members (and a long list of would-be members) seem to think that's a fair deal.

Why the fuck am I supposed to care.

>A lot of leavers seem to want the main benefit of being in that club (barrier-free trade with 27 other countries), but they don't want to pay their dues and want to pick and choose from the rules.

Yes, it'd be great.

>If the EU offers Britain a bespoke deal with most of the benefits but much lower costs, the union will disintegrate.

Because it'd be a realisation that the costs needn't be costs at all, and that you can offer all the benefits without the costs.
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>> No. 7372 Anonymous
25th July 2018
Wednesday 7:12 pm
7372 spacer
Because they are made to under threat of violence.
>> No. 7373 Anonymous
25th July 2018
Wednesday 7:51 pm
7373 spacer


>> No. 7338 Anonymous
17th July 2018
Tuesday 9:19 am
7338 spacer
Every financial book or blog I come across seems to be either targeted at Americans, blatantly obvious (i.e. "pay down your debt and don't spend all your money on takeaway"), crammed with irrelevant lifestyle chat, or full of wishy-washy stuff about mindset and other 'motivational'/self-help style claptrap.

What can I read that will give me an up-to-date and concrete idea of what I should do with my money in the UK?

I've attached the Reddit guidance from their UK personal finance page, which is a home start, but doesn't really cover many options or go into the reasons behind each step.
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>> No. 7348 Anonymous
18th July 2018
Wednesday 7:39 am
7348 spacer
Define what 'best possible financial position' means to you. What are you wanting to do with this money? How much are you prepared to commit to this? What sacrifices can you make? What are you prepared to compromise on if you have conflicting goals?
>> No. 7349 Anonymous
18th July 2018
Wednesday 8:26 am
7349 spacer
>>7348 and what kind of money-obsessed person do you want to be during and after this exercise? If whatever you make won't be enough, what's the point?
>> No. 7350 Anonymous
18th July 2018
Wednesday 9:09 am
7350 spacer
Personal finance is about how best to structure your affairs and what changes to make in order to achieve your goals. You seem to be suggesting the point of it is to make the number the biggerest. Whilst is may be, that seems a silly aim to me.
>> No. 7351 Anonymous
18th July 2018
Wednesday 10:04 am
7351 spacer

After giving this some thought, I'd say my main financial goals are mainly about independence. You'll have to forgive me here because I don't know how realistic these goals are, given the career path I've chosen. I'll just say what I want in an ideal situation.

Let's say I want to be able to purchase somewhere to live without taking out a mortgage, or being tied to a mortgage for the minimum time possible. Let's give it a figure of £250,000.

Second, I'd like enough passive income to be able to survive off it if I need to (this is dependant on expenses, I know). It would bring me a lot of security, though, to know I had money coming in based off investments or property or royalties or whatever else.

In terms of sacrifices, as in the previous post I have comfortably(ish) worked 60+ hour weeks in the past. I basically live like a monk, cheap meals prepared in bulk, currently live with family, minimal spending. My most lavish expense right now is probably a nice gym membership. I would be willing to put a substantial part of what I earn back into investments with moderate risk.

For the last question it might be easier to say what I'm not willing to compromise. My health -- it sounds obvious but I'd prefer not to take on so much that it makes me sick (I've managed to stay healthy with huge workloads in the past, but there is obviously a point at which it would become too much, e.g. getting 5 hours sleep per night). I'm also committed to my career path in health, and I wouldn't want to stray far from that. I know myself well enough to say I couldn't hack being a FOREX trader or something for a sustained period of time, even if it meant making lots of cash.
>> No. 7352 Anonymous
18th July 2018
Wednesday 8:03 pm
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Firstly, if you want to own a home, you need to look at making use of the Help to Buy and Lifetime ISAs to help boost your deposit. The easiest way to build up a deposit is to start a regular saver; this gets you into the habit of saving and you'll learn not to miss the money if it goes out on pay day as you never really have it.

The £250,000 figure you mentioned seems pulled out of the air. Have a good think about where you'd like to live and the type of property you'd like to live in and see how much they cost. Set yourself a realistic target.

Once you have a target deposit in mind you can plan how long it should take for you to achieve it. If it's fewer than five years then place any Lifetime ISA monies in cash; if it's greater than this then look to invest. Five years is generally the minimum investment term.

When it comes to getting a mortgage go and see a proper broker. They'll have deals only available via intermediaries and it's likely not to cost you anything as they'll get paid a proc fee by the lender. There's an overpayment calculator on the Money Saving Expert website which you can use to determine whether it's worthwhile to overpay the mortgage or to invest monies elsewhere.

When it comes to a passive income you've got to appreciate it is highly unlikely to be guaranteed. ~15 years ago many pensioners would supplement their retirement income by putting cash in fixed term accounts which paid low double figure rates of interest. Then the financial crisis happened and when their savings accounts matured they found they couldn't find anything yielding anywhere near the same levels. With dividends you'll have to accept that either your income can go down or you'll have to erode the capital if you want to maintain a target level of income.

>> No. 3223 Anonymous
18th February 2013
Monday 7:58 pm
3223 Bitcoins
Have any of you bought Bitcoins or spoken to anybody that has?

The underlying principle of removing the role of the banking industry from transactions (or at least limiting its influence) seems noble but it stinks of a giant scam IMO.
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>> No. 7331 Anonymous
5th April 2018
Thursday 9:53 am
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Bitcoin was a wild card because nobody ever really could have predicted that it would take off the way it did. No matter how hard you are kicking yourself for not buying or mining any in 2009, at the end of the day, you have zero chance of foreseeing something like this.

It's not dissimilar to winning the lottery. You have absolutely no way of knowing which numbers will come up. Some people win millions, while others only ever win a few quid. And likewise, there is no way to know which investments will pay off as hugely as something like Bitcoin.

It's a game of chance and probabilities. And it's one reason why most people, although not for a lack of trying, will never become rich as it were.
>> No. 7333 Anonymous
5th April 2018
Thursday 1:47 pm
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>My money bloke always says 'if they're talking about it, you're three months late' which seems to hold pretty true.

You could also call it the stock price paradox.

Given enough time, most stocks will almost invariably go up. But when you get in, they will almost never go up. At least not right away, and that's what discourages many investors who then get out as the stock tumbles. But only to see the stock climb again and far beyond their sell point in a few months' time.

In the short term, it's almost impossible to tell, especially for a small retail investor, which way a stock will go. And it's also why short-term traders fail, because those who dictate stock prices have realised it's a magnificently easy way to empty the pockets of more gullible investors who think they can make money betting on short-term ups and downs. It doesn't matter what you do, you have no way of winning this game.

It'd be easy to think all you'd have to do is buy stocks that are down or otherwise cheap, but the problem is that you might well end up buying a stock that either isn't going to do much for the next five years, or if a stock is in a downward trend, you simply have no way of telling if it's going to go down another 20 percent before it really picks up speed to the upside again. Trends tend to perpetuate themselves. Until the day they don't.

What you need in the stock market nowadays more than ever is bulletproof nerves of steel that will allow you to hold on to a stock that you think is promising even if it slides ten percent in one day. And you need infinite patience. Sadly, those two are still no guarantee that you will be earning a noteworthy profit in the long term. But they are pretty much the conditio sine qua non of stock investing.
>> No. 7334 Anonymous
5th April 2018
Thursday 2:07 pm
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> me and my mates did end up making a couple of grand each just by having what amounted to loose change sat in our Dream Market wallets a few years ago. Pissed it all away on more drugs, like.

At the height of the bitcoin price bubble I worked out what all the btc I'd spent on drugs, just in 2015 alone, would have been worth. Then I cried a bit. Good job I didn't have a way to work it out all the way back to 2012.
>> No. 7335 Anonymous
5th April 2018
Thursday 5:21 pm
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The way I see it, it was money I never expected to have anyway. I might feel differently if I was struggling for money though, I suppose.
>> No. 7336 Anonymous
15th April 2018
Sunday 7:40 pm
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There is this new satoshi dice address for BTC.
Address is bc1quykuahxrjx6d3h6ga4rkyg0hl5e59tcthqyhw6.

I found this while scanning pastebin

Here are the instructions on how to verify the provably fair roll.

>> No. 7144 Anonymous
15th September 2017
Friday 5:31 pm
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If I have a decent amounts of USD sitting in a paypal account (roughly 2000), with the pound going back up, would it be the best for me to convert it all now?
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>> No. 7147 Anonymous
15th September 2017
Friday 7:23 pm
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>> No. 7245 Anonymous
12th January 2018
Friday 5:03 pm
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http://www.bbc.co.uk/news/business-42661361 Looks like I was right to convert when I did.
>> No. 7246 Anonymous
12th January 2018
Friday 7:18 pm
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Well you didn't convert it because you knew that was going to happen - did you?

Timing conversions like this is pretty much just gambling. Unless you are George Soros then you likely have no idea where exchange rates will go next (past performance is not a guide to future performance).
>> No. 7247 Anonymous
12th January 2018
Friday 7:20 pm
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Would've made fuck all difference.
>> No. 7248 Anonymous
12th January 2018
Friday 7:21 pm
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Would've made fuck all difference.

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