watchesandwhisky

WOOOO   Just got news on this!   

Here's what I've learned. 
Buy because you love the design, nothing else.
In the hope you get a good coin, be happy with that.
If an opportunity arises that you can make a few pound the next day or a year later,great.
But go into it viewing it like this, I really like the design and I'm happy for it to only be worth melt "worst case scenario "
I do expect them to do well, but from experience I also expect whatever idea you have to cover yourself, thousands of others have the same idea. Market gets diluted and value drops, happened with every release so far and this will be no different. 
Buy proofs because you want them is the message I'm trying to get across. Hold for 5 years and you should do well.

Id pay to rent a sigma for the weekend, maybe £50 all in. 

Id pay to rent a sigma for the weekend, maybe £50 all in. 

if you are in your thirties paying into a pension is exactly the right thing to do. especially from a tax point of view.  stock markets have always outperformed holding cash over time ..  
having debt 2.59 per cent is not free money. its better than that! its  paying you 7.5 per cent a year .  its also against an asset that in ten years time will probably be worth 30 per cent more than it is now.  
holding cash will cost you ten per cent this year and at least 5 next year. maybe more 
intrest rates won't get above 4 per cent with current debt loadings in the UK     if you want to be debt free for peace of mind thats great. good for you.  
its not a sensible position for someone in their 30's working and owning property in high inflation low interest rate environment   

I have read this a few times,  I did exactly the opposite that you are proposing, I did not over pay into a pension, i overpaid my mortgage while it was cheep……for me the whole idea of paying all my savings to someone then they can tell me how much I can have is just an insane concept.  AKA a pension.
 
Id rather own my property out right before I was 40 and have zero debt, and then use a few years to hard save.  Allowing for inflation for enough saved to last the next 25 years and with higher interests rates on my ISA’s I’m laughing, holding cash does not cost me anywhere close to 10% per year as I have very little exposure to inflation, no mortgage, free heating, can cook/bake on £90 per months for 2 if I have to, and only do about 3000 miles a year in my car, can get this down to sub 2000 miles if I cycle a bit more.  Even with the crazy hikes up prices of energy it only £108 per month and I’m well over paying and getting into credit every month, my mates bill is £420 per month so it’s a case how well you can manage your exposure to inflation that will determine how much it your cash savings you will lose if any……….at 4.6% fixed for 2 years on my isa is covering almost all my fixed outgoings per year council tax, energy, food, if you are not paying a mortgage and income off other investments cover your fixed out goings I consider that a fantastic proposition for anyone. 
 
paying pensions is just handing other people control of  your wealth and keeps you turning up to that job for 50 years. 

Ah yes the release of the new Naga Munchetty 50p Bu

I am kind of the opposite, I dossed around during my 20s (and most of my 30s) and have to now pay the price of not being willing to accept a long standing self employed "business" never really was that. I'm nearly 39 and I'm just staring. Better late than never though. 
 
I think its tight but doable, Whisky is my luxury I guess, I cant drink often any more but I have enough supply and variety of quality aged single malt to last me for many many years - as in at least over 25 years supply  
Clothes is low I guess, but most of my time is spent in work uniform that is provided free - so my non work cloths get very little use and I am not fussed about fashion or trends. Shoes is my biggest cost as I wear through tread quickly - So probably do need to up this. 
 
Buildings insurance is in service charge for some things, but i also need home insurance for burst pipes ect - when i did a quote it was cheap so didnt include it - but it is a cost. 
I work for the Royal mail, and being a unionised company I feel I am protected better than most - our union is the CWU and they are currently doing BT pay rise and have flat out rejected a £1500 year increase for them - stating a 10% increase is needed before industrial action is taken - the royal mail should be the same, they have just had a bumper year and payed out shareholder a ton in dividends - I Believe they will want the same for us. 
For fun we just go for walks in nice weather really, get some sun! but I also have a top spec gaming pc that will be good for years and a nice tv and entertainment system all paid upfront, plus a sizable physical media collection. So I feel im ok for entertainment, luckily we dont go out much and when we do its cheap. 
Cheers for the imput and thoughts, there sure is a lot to think about! 
 

Coming back to this topic, my estimates weren't a million miles away, water and sewage cheaper, electricity a lot cheaper even at a new high fix! (90 a month) shopping underestimated thats about £200.
Things have been going well and I have made £3500 in overpayments so far. 
My pension is sitting at £1400 now, at nearly 40 this is pretty scary... up until now I have been on basic workplace pension (i put in 5% + 1% AVC, company puts in 3% (i have changed it from the default "10 year life Strat" too 100% equity.. 
as of the 6th of December I have been there a year, and I will get 10% from the company, with the option to raise my additional voluntary contributions , im going to put my 6% upto 10% meaning I get 20% of my basic wage going into a pension. 
My mortgage fix of ten years at 2.59% is now looking like a solid move, But I am aware that will pass sooner than it might seem, and unless I make overpayments there will still be significant debt owing at the next fix that is highly likely to be a lot less favourable. I currently own approx 30% of my property.
I am torn, should I up my AVC on pensions, to maybe a total of 15/20% payment from me to go with 10% from employer -  to try and catch up somewhat to where I should be. Or just raise my contributions to 10% and anything spare overpay mortgage? 
I am aware my pension needs time to grow, and what I put in now can have 28 years of compound growth still, but that dwindles by each year that passes, however at the same time that new mortgage fix moves a year closer...

I do online surveys in my spare time when available on a site called prolific, hit a record of £18 yesterday and took about 2 hours. A bit time consuming but worth it as a sideline. 
My plan was along the lines of your sugestion, put it into a lifetime ISA for a tax free withdraw in 21 years time, get a nice 25% bonus too add to it too. 

Personally if I was you I would look into doing additional things in your spare time to make extra money. 
I used to purchase things, refurbish them and then sell them for a premium. I ended up making more doing that than I did in my PAYE job so I went full time into that. Once that business was successful and on good financial standings i invested part of the profits into property with residential buy to lets and flipping. Now I've moved more towards commercial industrial units (like a lot of pension companies do).

Just look at all the details with those lifetime ISA's the 25% is not for the total term time so do your sums.   If you need the cash for any reason check to see how much you lose. 
Normal cash ISA's are paying ok ish returns only fixed for 2 years, and with the likely rates set to increase on the 3rd November we could see over 5% returns, for me at 9% returns on my savings I don't need to work.   I have one ISA maturing this month for around 26-27k I'm just holding off fixing that one for a month or two just incase I can get over 5.5% ish on that one 3k return for fixing that one for 2 years  is not too bad it will cover the council tax for about the same period so I look at that as free council tax for 2 years. 
I have another isa that is fixed until early 2023 and if the interest rates go the right way I should be sitting pretty, about time savers got some half decent returns. 
 

I do online surveys in my spare time when available on a site called prolific, hit a record of £18 yesterday and took about 2 hours. A bit time consuming but worth it as a sideline. 
My plan was along the lines of your sugestion, put it into a lifetime ISA for a tax free withdraw in 21 years time, get a nice 25% bonus too add to it too. 

Thanks mate! Its mad to think I had nothing last November accept 25k in bitcoin, selling at about 57k per coin was as of now the best financial decisions I have ever made.. Landing the job made me realise how much work I have to put in to bring home that wage and that made me realise I needed to sell my bitcoin - at the time I felt it was my only chance of getting on the property ladder. 
Matching the 10% from the company would seem to be the best option,  with hard work then I can still clear the mortgage in the 10 year time frame. 

You have come a long way in such a short time mate. Well done. Don't have all the answers but anything over the match I don't see the point. In the future your money will be worth even less and most likely in a higher tax environment. I am 26, I got to £10k in my pension. I now do not contribute anything to it. 
I think paying off the home is a big one that makes the most sense. Then you can continue to build wealth with no debt and no stress of a higher rate environment for a long period of time. Nobody knows how bad it can get. 
 

Still on the forum, maybe just not as active. 
I have done business with him not too long ago. 

I do online surveys in my spare time when available on a site called prolific, hit a record of £18 yesterday and took about 2 hours. A bit time consuming but worth it as a sideline. 
My plan was along the lines of your sugestion, put it into a lifetime ISA for a tax free withdraw in 21 years time, get a nice 25% bonus too add to it too. 

Coming back to this topic, my estimates weren't a million miles away, water and sewage cheaper, electricity a lot cheaper even at a new high fix! (90 a month) shopping underestimated thats about £200.
Things have been going well and I have made £3500 in overpayments so far. 
My pension is sitting at £1400 now, at nearly 40 this is pretty scary... up until now I have been on basic workplace pension (i put in 5% + 1% AVC, company puts in 3% (i have changed it from the default "10 year life Strat" too 100% equity.. 
as of the 6th of December I have been there a year, and I will get 10% from the company, with the option to raise my additional voluntary contributions , im going to put my 6% upto 10% meaning I get 20% of my basic wage going into a pension. 
My mortgage fix of ten years at 2.59% is now looking like a solid move, But I am aware that will pass sooner than it might seem, and unless I make overpayments there will still be significant debt owing at the next fix that is highly likely to be a lot less favourable. I currently own approx 30% of my property.
I am torn, should I up my AVC on pensions, to maybe a total of 15/20% payment from me to go with 10% from employer -  to try and catch up somewhat to where I should be. Or just raise my contributions to 10% and anything spare overpay mortgage? 
I am aware my pension needs time to grow, and what I put in now can have 28 years of compound growth still, but that dwindles by each year that passes, however at the same time that new mortgage fix moves a year closer...

Best thing would be a side hustle & compound it in an investment over the next 20 years - ideally one you dont have to put much time into. 

Its temporary, and should even out when the market stabilises. Premiums on sovs should be about 3.5 - 4% ish and 1 oz brits should be 2.5% 
 

Its temporary, and should even out when the market stabilises. Premiums on sovs should be about 3.5 - 4% ish and 1 oz brits should be 2.5% 
 

Its temporary, and should even out when the market stabilises. Premiums on sovs should be about 3.5 - 4% ish and 1 oz brits should be 2.5% 
 

Its temporary, and should even out when the market stabilises. Premiums on sovs should be about 3.5 - 4% ish and 1 oz brits should be 2.5% 
 

Heavy Metal Or What - Look What Arrived Today
 

I was expecting a Metalor gold bar delivery. why are they some silver bars in there?
At least there are another eight Mystery Boxes left to open!