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My pension pot is up £40k. Does that make me poorer?
It's not that straight forward.
Your pension ( and mine, and everyone's who's got plenty of FTSE100 exposure ) is soaring. My portfolio is soaring. I'm massively up, but then 60% of it is in dollars.
But when you try and convert your sterling assets into Euro's to spend in your retirement home in Portugal with SASGuru you'll find you cannot afford as many Piri-Piri Chicken dinners.
Right at the moment we're in a sweet-spot. Markets up, price inflation has not yet fed through. Petrol should start pushing up soon as the oil companies don't hold much inventory. That has a knock on effect on all businesses. They can absorb the costs for a certain time period but won't do so indefinitely.
If you were thinking of buying a BMW or new iPhone now is probably a good time.
Your pension ( and mine, and everyone's who's got plenty of FTSE100 exposure ) is soaring. My portfolio is soaring. I'm massively up, but then 60% of it is in dollars.
But when you try and convert your sterling assets into Euro's to spend in your retirement home in Portugal with SASGuru you'll find you cannot afford as many Piri-Piri Chicken dinners.
Right at the moment we're in a sweet-spot. Markets up, price inflation has not yet fed through. Petrol should start pushing up soon as the oil companies don't hold much inventory. That has a knock on effect on all businesses. They can absorb the costs for a certain time period but won't do so indefinitely.
If you were thinking of buying a BMW or new iPhone now is probably a good time.
I appreciate it's not that simple but as of now the gain in pension massively outweighs the potential loss.
I won't be buying any more German cars until we have a deal. I love porsche but will not be getting a new one until everything is sorted.
Fuel is unavoidable but the actual cost of the refined petrol is only a proportion of the overall cost.
If the message the moaners is trying to give is that prices will go up then yes, I'm sure they will. But we can mitigate that to an extent.
Meanwhile the contractor in the carpark will stand out..
Well, if everyone did then it probably would teach them.
As I said, I love the cars although I don't take mine on site. But why pay more for a car than I need to. And when tariffs kick in the Germans will really struggle to sell to us.
Well, if everyone did then it probably would teach them.
As I said, I love the cars although I don't take mine on site. But why pay more for a car than I need to. And when tariffs kick in the Germans will really struggle to sell to us.
That's the spirt. Why pay more... Some might argue it's the currency that's killed your chances of affording a Porsche!
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain
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