Finance & Investments

[windowlicker]

Consider changing platofrm every now and again too.

They often offer incentives to move. I recently got £3k from II for switching. Check the T and Cs to see how long you are tied in though.

Watch for platform fees as Hargreaves generally charge 0.4% and Fidelity 0.25%.

If you have a bigger pot move to one that charges a monthly amount as 0.4% of a large pot can be a significant amount.

[PepeMAGA]

The key Big word in that is "IF"

As the saying goes there are 2 types of investor, firstly there are those who can't time the market and secondly there are those who don't know they can't time the market 

Obviously when I invest i'm looking to time the market   

I can guarantee if I sell stocks they'll continue to climb higher. If I hold on to them they are sure to tank.

[PepeMAGA]

Consider changing platofrm every now and again too.

They often offer incentives to move. I recently got £3k from II for switching. Check the T and Cs to see how long you are tied in though.

Watch for platform fees as Hargreaves generally charge 0.4% and Fidelity 0.25%.

If you have a bigger pot move to one that charges a monthly amount as 0.4% of a large pot can be a significant amount.

I use a platform that charges a set fee per transaction. That plus the stamp duty starts me off on a small deficit, but much prefer that to an ongoing monthly fee

[RandomGuy99]

I can guarantee if I sell stocks they'll continue to climb higher. If I hold on to them they are sure to tank.

That's normally how it works for me too.

[Blackpool Rock]

The 23/24 tax year ends on Fri 5th April so anyone who hasn't been able to decide what they are doing with their money needs to act fairly quickly if they want to secure any tax free saving / investment

One point is that many platforms will let you deposit the money without actually having to pick the investments there and then so you can take a bit more time to decide what to buy, the important thing is to get the money deposited and secure the tax free status

[Munter84]

he important thing is to get the money deposited and secure the tax free status

Yes indeed, even a standard cash ISA will do in the short term, as you can later freely transfer it to different ISA types without it counting as "new" money.

[PepeMAGA]

Phoenix Group looking good right now. It's gone from a 4 million deficit in the last financial year to 20 million profit this year, plus a student ong dividend (around 11%)

[PLeisure]

The 23/24 tax year ends on Fri 5th April so anyone who hasn't been able to decide what they are doing with their money needs to act fairly quickly if they want to secure any tax free saving / investment

One point is that many platforms will let you deposit the money without actually having to pick the investments there and then so you can take a bit more time to decide what to buy, the important thing is to get the money deposited and secure the tax free status

Thanks for starting this thread, BR and to all that have contributed 
- I've found it fairly easy to understand (total newbie here) and took a close look at Fidelity before transferring some funds in earlier this week. This modest amount was doing very little in my bank's savings account so good to give it a new lease of life, so to speak.

Now need to figure out where to invest the S&S

[Blackpool Rock]

I'm owed a tax rebate for the last tax year, anyone know how long until HMRC actually get in gear and contact me about it or is it all a bit random 

[Darren101]

Not had one for years so don’t remember but I assume you know from a letter in the post and not from a dodgy email/text?

If they already notified you, then, surely you’ll just get the payment at some point.

[robsmith149]

I'm owed a tax rebate for the last tax year, anyone know how long until HMRC actually get in gear and contact me about it or is it all a bit random 

I'm owed one too, expecting it around end of May, from memory that's about how long it took last time I had one.

[Blackpool Rock]

I'm owed one too, expecting it around end of May, from memory that's about how long it took last time I had one.

It must be about 15 years since I had one after they fucked up my expenses and decided they were BIK rather than legitimate business expenses

End of May isn't too bad, I was worried it would be more like Autumn time though I believe they have shed even more staff so god knows 

[Brummie999]

I keep seeing lots of ads for passive income stocks where you can get a nice income from the dividends paid out on the stocks.


I started investing with Freetrade stocks and shares ISA 18 months ago.
Yes I made many rookie mistakes and got stung on the meme stocks. I have moved my portfolio now to mainly UK blue chip and FTSE250 companies
Last month I got £200 worth of dividends  with more coming each month (not enough to live on but this is a long term investment)
You do need to keep your eye on the markets and do research into companies that take your eye.
It isn't a full time job but you learn from your mistakes

The most important thing about the stock market is always remember it is gambling so never invest more than you can afford to lose.

Some of companies I have just invested in and they are already in profit

Marks and Spencers
Avon Protection
ME Group
Goodwin
IQE

If anyone is tempted and wants a free share (valued between £10 to £100) and willing to deposit £50 then my link is Join me and invest with Freetrade. Get started with a free share worth £10 to £100. The probability is weighted, so more expensive shares will be rarer. T&Cs apply. Capital at risk.
External Link/Members Only

Please google Freetrade first to see it isn't a scam




Is this really a thing?

[PilotMan]

@Brummie999

If it is and if works out, don't spend your hard earned on punting will you. 

[Steely Dan]

i do a tax return when I am due a refund.  The refund arrives only a few weeks after the return.

[Andywb]

@Brummie999

If you really want to make this a long term investment you should consider reinvesting the dividends rather than taking them as an income

[Blackpool Rock]

@Brummie999

If you really want to make this a long term investment you should consider reinvesting the dividends rather than taking them as an income

Yes dividend reinvestment multiplies your long term return considerably

[Munter84]

I'm owed a tax rebate for the last tax year, anyone know how long until HMRC actually get in gear and contact me about it or is it all a bit random 

Same here, I did a miniscule bit of freelance work last tax year and decided to do the right thing and declare it. Apparently I'm now due a very welcome three figure tax rebate - enough for a couple of juicy punts. I requested a payout yesterday so will be interesting to see how long the process takes.

This was an e-form via Government Gateway, btw. I'm not sure what happens if you don't specifically request a rebate - maybe it gets held on account to offset against future tax years?

[Munter84]

Is this really a thing?

Yes it is, I did this a while back on a mate's suggestion (I think he sent referral links to about half a dozen guys - nice little earner for him). I got one share of a company I had never heard of, and sold it as soon as I got the chance.

It's basically a promotion to attract new clients to the platform. Rather than being swayed by freebies, look at other factors including ongoing platform and trading fees, as these can vary significantly.

[Brummie999]

I am reinvesting them until they become enough to live on.

Yes dividend reinvestment multiplies your long term return considerably

[Jayjay1]

Am cashing out all my stocks (in profit or in red) in my ISA and dumping it into1 /2 Crypto mining stock aiming to double it minimum by end of Q3.

Anyone else looking at cryto stocks, MicroStrategy, coinbase all 2/3x past few months.

[Squire Haggard]

Am cashing out all my stocks (in profit or in red) in my ISA and dumping it into1 /2 Crypto mining stock aiming to double it minimum by end of Q3.

Anyone else looking at cryto stocks, MicroStrategy, coinbase all 2/3x past few months.

With the Bitcoin halving 2 days away, there appears to be some profit taking in advance of the event.
IMO, one should be wary of putting all eggs into the crypto basket. How can you be certain that you can double your money by end of Q3?

External Link/Members Only

[Darren101]

NS&I keep sending me emails about this new British Savings Bond.

Why British Savings Bonds
tick   Guaranteed returns for 3 years
tick   Save from £500 up to £1 million
tick   Your money is 100% secure, backed by HM Treasury
tick   Choose from growth or income options

Doesn’t seem great unless you need to park £1m somewhere safe.


No mention of it being tax freee son it’s not the British Business £5K ISA thing.  Where’s that gone?

[PepeMAGA]

NS&I keep sending me emails about this new British Savings Bond.

Why British Savings Bonds
tick   Guaranteed returns for 3 years
tick   Save from £500 up to £1 million
tick   Your money is 100% secure, backed by HM Treasury
tick   Choose from growth or income options

Doesn’t seem great unless you need to park £1m somewhere safe.


No mention of it being tax freee son it’s not the British Business £5K ISA thing.  Where’s that gone?

The 3 year fix isn't bad, 4.15% but as you say not tax free.
The British shares ISA I didn't think they've worked out how it'll work yet.
Might end up being quite complicated, hopefully they'll push the complications onto the companies and banks providing the ISA

[Blackpool Rock]

The 3 year fix isn't bad, 4.15% but as you say not tax free.
The British shares ISA I didn't think they've worked out how it'll work yet.
Might end up being quite complicated, hopefully they'll push the complications onto the companies and banks providing the ISA

Yeah by the time you pay tax on the interest you are only coming out with 3.32% as a basic rate tax payer and i'd be wanting significantly more than that over the long term for an investment

It does raise an interesting question for those invested in stocks & shares, forget about the fluctuations and up's and downs of the market, what % of annualised return do people want or realistically expect to achieve 

My own personal target is to achieve a 10% return which i'm not at right now however from Nov 21 the market took a real downturn and only started recovering around 6 months ago, prior to the downturn I was getting just over 12% and was ecstatic with that, currently around 8% even after a very poor week last week
I'm happy with 8% at present as I see more room for an increase once interest rates start to fall as i've got a fair bit in Global Tech 

The worst I saw was when covid hit and I was down to about 4% but even at the bottom it kicked the shit out of the returns i'd have got parking it in the bank for the previous 10 or 15 years 

[PepeMAGA]

Yeah by the time you pay tax on the interest you are only coming out with 3.32% as a basic rate tax payer and i'd be wanting significantly more than that over the long term for an investment

It does raise an interesting question for those invested in stocks & shares, forget about the fluctuations and up's and downs of the market, what % of annualised return do people want or realistically expect to achieve 

My own personal target is to achieve a 10% return which i'm not at right now however from Nov 21 the market took a real downturn and only started recovering around 6 months ago, prior to the downturn I was getting just over 12% and was ecstatic with that, currently around 8% even after a very poor week last week
I'm happy with 8% at present as I see more room for an increase once interest rates start to fall as i've got a fair bit in Global Tech 

The worst I saw was when covid hit and I was down to about 4% but even at the bottom it kicked the shit out of the returns i'd have got parking it in the bank for the previous 10 or 15 years 

I've had substantially more than 10% return on my Rolls Royce shares so far, in as far as growth.
Ideally you want both growth and a reasonable dividend in your Isa
Though Rolls dividend should be reinstated in the next year or so

[Malvolio]

Yeah by the time you pay tax on the interest you are only coming out with 3.32% as a basic rate tax payer and i'd be wanting significantly more than that over the long term for an investment

It does raise an interesting question for those invested in stocks & shares, forget about the fluctuations and up's and downs of the market, what % of annualised return do people want or realistically expect to achieve 

I'll just settle for whatever the market does in the next 15 years, plus the compounding effect of reinvesting dividends.  My belief is that long-term investment in the market will always win out.

I appreciate some people enjoy trying to pick winners from individual stocks, but that's not for me.

[Blackpool Rock]

Just been on the news that various lenders are putting their interest rates up on mortgages

They had been coming down and the BOE are unlikely to put the base rate up but the talk is that we are looking at higher for longer rather than the predicted rate cuts

Presumably the lenders had reduced their rates in expectation of BOE rate cuts which simply haven't happened however i'd have thought the banks would have reacted to what actually happened rather than jumping ahead and second guessing what the think may happen 

External Link/Members Only

[PepeMAGA]

Just been on the news that various lenders are putting their interest rates up on mortgages

They had been coming down and the BOE are unlikely to put the base rate up but the talk is that we are looking at higher for longer rather than the predicted rate cuts

Presumably the lenders had reduced their rates in expectation of BOE rate cuts which simply haven't happened however i'd have thought the banks would have reacted to what actually happened rather than jumping ahead and second guessing what the think may happen 

External Link/Members Only

Maybe once the base rate does drop they'll be some competitive offers... Though likely they're putting it up now so it seems better value when they do drop it

[aae]

I discovered this thread recently. Great community thing to do. Some funny banter but also some good thoughts. Can not contribute any knowledge but just wanted to say that plan for your future while you can.
I didn’t… I wasn’t financially savvy. I never had many needs and always thought that things will be fine. Had a very messy divorce which changed my life. I’m retired now and don’t have a good pension. I have a roof over my head but do struggle more than I should. A chronic health condition does not help either. I have become a different person in the last 3 or 4 years.
I probably won’t change much about my life, even if I could. Well, maybe I could have been wiser in my relationship. But one thing I would like to do differently is tell the 40 year old me to think about the 70 year old me.
Sorry - did not mean it to be depressing and apologies if it comes across as that. Struggling to sleep tonight.
I just wanted to say that do plan. You do not need to be the proverbial Del Boy and go this time next decade…it is just a matter of planning enough to know you will be fine when you are retired.

[JontyR]

I discovered this thread recently. Great community thing to do. Some funny banter but also some good thoughts. Can not contribute any knowledge but just wanted to say that plan for your future while you can.
I didn’t… I wasn’t financially savvy. I never had many needs and always thought that things will be fine. Had a very messy divorce which changed my life. I’m retired now and don’t have a good pension. I have a roof over my head but do struggle more than I should. A chronic health condition does not help either. I have become a different person in the last 3 or 4 years.
I probably won’t change much about my life, even if I could. Well, maybe I could have been wiser in my relationship. But one thing I would like to do differently is tell the 40 year old me to think about the 70 year old me.
Sorry - did not mean it to be depressing and apologies if it comes across as that. Struggling to sleep tonight.
I just wanted to say that do plan. You do not need to be the proverbial Del Boy and go this time next decade…it is just a matter of planning enough to know you will be fine when you are retired.

There are plenty of things I'd tell my younger self.  My younger self wouldn't listen though.

Don't despair, things can improve too. And I hope the days ahead are brighter.

[Blackpool Rock]

There are plenty of things I'd tell my younger self.  My younger self wouldn't listen though.

Don't despair, things can improve too. And I hope the days ahead are brighter.

Yeah my younger self knew at the time that I was wasting money and I should be saving / investing but I just literally blew every penny on nothing as I have always had a gambling habit 

In later life when I was earning more I still knew that I was wasting money on gambling however I did have the ability probably around 50% of the time when I got a good win to stick that money in a stocks ISA and once it was invested in that I wouldn't touch it 

I've never earnt mega bucks but it was a fairly decent wage just under the 40% tax threshold and I managed to keep my normal living expenses low apart from a couple of flash cars along the way which were a "luxury nice to have" but I didn't spend on holidays and the latest gadgets or changing the bathroom / kitchen / lounge etc just because I fancied a change after a few years.
Crucially I made my own lunch to take to work and had breakfast / coffee before I left the house whereas I knew people who would get breakfast / coffee at Costa / Starbucks every morning and then spend more money on a tasteless sandwich for lunch 

I sat and worked out with someone how much she was spending on that shit as she constantly complained about being skint and when you total it up for the year and multiply it out over say 20 years it's fucking eye watering 
I was then promptly accused of being tight but pointed out I was on track to retire 10 or 12 years ahead of her and on that basis I was happy with my life choices then asked if she was happy with hers, I got silence and a look that would curdle milk 

I know how much money i've wasted and I do sit and think how much more would I now have if i'd been sensible, realistically i'd have spent some of that money on gadgets and making my like better quality along the way so it's not the be all and end all however I do also wonder what other people I know actually spend their money on as they also complain about not having enough money to retire etc 

I can only assume they aren't prepared to take the ultimate gamble and put their money into stocks to obtain overall better returns in the long term but instead stick it in a standard bank or building society account earning less than inflation so actually losing money in real terms 

I recently did an online investing profile test to see what type of investor I was or rather what my attitude was to money, I came out heavily as being a hoarder (i'm also a Whoreder  ) which surely runs counter to being a gambler and knowing that you're wasting money 
I can only conclude that the gambling is an addiction and you always find the money to fund your addictions whereas outside of the addiction my other side prevails

Fortunately i've been able to control the gambling over the last few years, others would still look at the amount I place in bets and draw a deep breath however in relation to what I used to do it's nothing by comparison 

[sir wanksalot]

Yeah my younger self knew at the time that I was wasting money and I should be saving / investing but I just literally blew every penny on nothing as I have always had a gambling habit 

In later life when I was earning more I still knew that I was wasting money on gambling however I did have the ability probably around 50% of the time when I got a good win to stick that money in a stocks ISA and once it was invested in that I wouldn't touch it 

I've never earnt mega bucks but it was a fairly decent wage just under the 40% tax threshold and I managed to keep my normal living expenses low apart from a couple of flash cars along the way which were a "luxury nice to have" but I didn't spend on holidays and the latest gadgets or changing the bathroom / kitchen / lounge etc just because I fancied a change after a few years.
Crucially I made my own lunch to take to work and had breakfast / coffee before I left the house whereas I knew people who would get breakfast / coffee at Costa / Starbucks every morning and then spend more money on a tasteless sandwich for lunch 

I sat and worked out with someone how much she was spending on that shit as she constantly complained about being skint and when you total it up for the year and multiply it out over say 20 years it's fucking eye watering 
I was then promptly accused of being tight but pointed out I was on track to retire 10 or 12 years ahead of her and on that basis I was happy with my life choices then asked if she was happy with hers, I got silence and a look that would curdle milk 

I know how much money i've wasted and I do sit and think how much more would I now have if i'd been sensible, realistically i'd have spent some of that money on gadgets and making my like better quality along the way so it's not the be all and end all however I do also wonder what other people I know actually spend their money on as they also complain about not having enough money to retire etc 

I can only assume they aren't prepared to take the ultimate gamble and put their money into stocks to obtain overall better returns in the long term but instead stick it in a standard bank or building society account earning less than inflation so actually losing money in real terms 

I recently did an online investing profile test to see what type of investor I was or rather what my attitude was to money, I came out heavily as being a hoarder (i'm also a Whoreder  ) which surely runs counter to being a gambler and knowing that you're wasting money 
I can only conclude that the gambling is an addiction and you always find the money to fund your addictions whereas outside of the addiction my other side prevails

Fortunately i've been able to control the gambling over the last few years, others would still look at the amount I place in bets and draw a deep breath however in relation to what I used to do it's nothing by comparison 

Question.

If you're in your 50's would you STILL invest in stocks for a comfortable retirement or is it too late?

[RandomGuy99]

Question.

If you're in your 50's would you STILL invest in stocks for a comfortable retirement or is it too late?

I think I would as you've got around 17 yrs before you officially retire and you should get some decent returns there. COVID obviously messed pensions up a little and people are still recovering from that.

How big a pension pot are you going for?

[radioman33]

Gold has performed well since January,the federal reserve will make another rate cut in June probably,I bought some but not actual gold it’s like trading instead.I haven’t a clue why it’s increased so much,probably the war.

[Blackpool Rock]

Question.

If you're in your 50's would you STILL invest in stocks for a comfortable retirement or is it too late?

Answer -

Personally I would and in fact yes all my money whether it's in a stocks ISA or a SIPP which is basically the same investments in my case is still invested in the markets

However it all depends on each individuals circumstances and their attitude to risk, what suits me and my lack of adversity to risk may not suit and probably wouldn't / shouldn't suit someone with a wife and kids to support

The market is subject to ups and downs which is great when you have a Bull market and everything is on the way up but not so great when everything is falling in a Bear market
Nothing is guaranteed and you will always see statements like past performance isn't necessarily an indicator of future performance but what else can you go off of 

What I will say is what I think I previously posted in that investments in stocks / funds need to be looked at as a long term investment over 10+ years and historically over time frames of around a decade stocks have always shown to provide a better return than sticking the money in a bank.
Yes you may lose money for a couple of years if the market takes a hit however you then have time to recover and overtake the "Safer" investment.
Covid saw a major hit to markets and just as everything was back doing well we then had the war in Ukraine which actually had a far worse and longer impact due to the high inflation it caused, thankfully things started to improve about 7 or 8 months ago

Someone with dependants may be better off having some money in stocks / funds and some in safer options such as bonds, the stocks / funds they have may perhaps also be better being some safer ones like tracker funds but crucially all investors should make sure their investments are well diversified

A couple of recent article which may have some useful info in them, the bit about fearing losses more than liking the gains is interesting but as a "Riverboat Gambler" with hardly any adversity to risk it simply doesn't affect me therefore i'm happy to go "All in" investing in the markets -

External Link/Members Only

External Link/Members Only

[Blackpool Rock]

Gold has performed well since January,the federal reserve will make another rate cut in June probably,I bought some but not actual gold it’s like trading instead.I haven’t a clue why it’s increased so much,probably the war.

Yeah probably the war as it's historically been seen as a safe haven in troubled times but the markets have been acting a bit weird in the last couple of years, normally bonds and stock prices go in opposite direction which is why advice is to have a mix of both so you benefit from one while the other isn't doing so well and vice versa but last year saw them both lose 

I believe the best investment this year has been Bitcoin however even with my mindset i've never been tempted as IMO it's just too risky 

[sir wanksalot]

Yeah probably the war as it's historically been seen as a safe haven in troubled times but the markets have been acting a bit weird in the last couple of years, normally bonds and stock prices go in opposite direction which is why advice is to have a mix of both so you benefit from one while the other isn't doing so well and vice versa but last year saw them both lose 

I believe the best investment this year has been Bitcoin however even with my mindset i've never been tempted as IMO it's just too risky 

Gotta be honest I was SO happy I hadn't invested in Bitcoin when the price tanked to something like $ 12,000 (not all that long ago) but then was so unhappy when I didn't buy at that point as the price surged after.

[RandomGuy99]

I think the US economy is getting ready to come off the rails. We'll see how Trump handles that one

[Steely Dan]

Question.

If you're in your 50's would you STILL invest in stocks for a comfortable retirement or is it too late?

Shares (and by that I mean funds that buy a range of stocks) are better than other investments.  I have all my savings and pension in funds, so I practice what I preach.  The only reason not to is if you might need most of the money in the next year or so, and can't risk, say, a temporary 25% fall in value.  But whether 50s, 60s or 70+, most of your assets should be in shares (or property). 

[RandomGuy99]

Shares (and by that I mean funds that buy a range of stocks) are better than other investments.  I have all my savings and pension in funds, so I practice what I preach.  The only reason not to is if you might need most of the money in the next year or so, and can't risk, say, a temporary 25% fall in value.  But whether 50s, 60s or 70+, most of your assets should be in shares (or property).

That's not the advice of the pension companies. As you get closer yo your retirement age they encourage you to switch to less volatile investments like cash and government bonds. That way if the stock market does take a dip your pension fund is ok. However, that might have been in days where people bought an annuity with their pension fund and lived off that. I suspect most now just drawdown from their pension.

[Steely Dan]

That's not the advice of the pension companies. As you get closer yo your retirement age they encourage you to switch to less volatile investments like cash and government bonds. That way if the stock market does take a dip your pension fund is ok. However, that might have been in days where people bought an annuity with their pension fund and lived off that. I suspect most now just drawdown from their pension.

You are right that is not the advice of pension companies, nor the government.  Pension companies want to sell you annuities.  The government doesn't want you to blow your money and be stuck with you.   Neither care if you live your best life - they are happy if you scrape along.

They also say to never turn in a final salary pension (that pays a fixed amount) for a SIPP (where the cash is yours to invest as you choose).  This is like 'diesel cars are great' or many other things that become secular sacred truths that are not allowed to be questioned.  When I converted my FS pension to a SIPP I must have had to press the 'are you sure' button a dozen times over 4 to 5 months.  But the maths were clear.  Of course no one should act solely on advice from some anonymous guy on a forum of MILF fuckers.  But nor should one only take common 'wisdom' from pension companies or the government.  We all need to look at our situation. 

The SIPP decision was easer for me by the 'run over by the bus' scenario since I have kids.  With my final salary pension, if I were to die the next day, kiddos get nothing.  Now if I die tomorrow, the kids get the lot.  Even without that, I have been better off since I moved.  (e.g trip to Thailand!) And yet all the formal advice was not to move my pension.

Net: Be cautious with advice from those who have a strong bias.

[RandomGuy99]

You are right that is not the advice of pension companies, nor the government.  Pension companies want to sell you annuities.  The government doesn't want you to blow your money and be stuck with you.   Neither care if you live your best life - they are happy if you scrape along.

They also say to never turn in a final salary pension (that pays a fixed amount) for a SIPP (where the cash is yours to invest as you choose).  This is like 'diesel cars are great' or many other things that become secular sacred truths that are not allowed to be questioned.  When I converted my FS pension to a SIPP I must have had to press the 'are you sure' button a dozen times over 4 to 5 months.  But the maths were clear.  Of course no one should act solely on advice from some anonymous guy on a forum of MILF fuckers.  But nor should one only take common 'wisdom' from pension companies or the government.  We all need to look at our situation. 

The SIPP decision was easer for me by the 'run over by the bus' scenario since I have kids.  With my final salary pension, if I were to die the next day, kiddos get nothing.  Now if I die tomorrow, the kids get the lot.  Even without that, I have been better off since I moved.  (e.g trip to Thailand!) And yet all the formal advice was not to move my pension.

Net: Be cautious with advice from those who have a strong bias.

And Defined Contribution pension schemes are exempt from inheritance tax too, so it pays to put as much into your pension as possible as either you'll get to spend it or whoever you leave it to will. However, the average UK pension fund is ridiculously small so people are going to have a bad retirement.

Hidden Image/Members Only