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Pottedbeef

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  1. There is good merit to this approach, I would caveat it with if you are going to downsize when the time comes you should also be tracking the gains/equity you make when you sell up. These proceeds then become working capital/liquid funds and should form part of your plan.
  2. Same here too. I don't use a spreadsheet however, I use a notebook which I basically use to run my business and keep track of personal balances and values of stuff each month. I have a spreadsheet which is a 'retirement forecaster' which I plug in the annual numbers and track our annual increase (or decrease) in net worth. If we're on plan then great, if not we either cut cloth accordingly or (more likely) find other ways to plug the gap i.e. grow the business or move into higher risk investments. The problem is the more you make the more you think you need 😬
  3. Might it possibly be stored in a bonded warehouse?
  4. I don't think you have the sort of mind open to change so I won't try You said this though.. "Today is Easter ; and churches are closed ; but of course abortion clinics are open." Because one provides necessary medical procedures, the other is a glorified book club. Where nobody has actually read the book...
  5. Drinking excessively most days. I'm aiming for a mild alcohol problem come the revolution 😆
  6. Yes I expect another drop before the jump. I got lucky timing this one though and don't fancy trying to time the market again as this is always a losing approach. If you think there will be lower lows then yes indeed, hold out for them but I made my move and will now sit back and see what happens. Good luck with your investment.
  7. I just bought BP last week (I think, the days are all blurring) at 250. Given the double whammy with the virus and oil price it seemed like the right time. Yes it will probably dip again but you never know and this seemed to me like the right time - if they maintain the dividend it would equate to around about a 13% yield! Buy a panic (as my old investor chum says)
  8. Yes that certainly is an option which gives everyone the same amount of cash. The issue then I guess is how do business owners meet their other obligations (rent, utilities, insurance etc) so there are still businesses trading when the government support runs out. The option is a nice one but again flawed as this current one is.
  9. It's not right no, however they have to pump money into the economy somehow and it has to be both fast and easy to administer. The moment you add in even one extra factor or rule it slows the whole process down and we then have massive problems in the country as it grinds to a halt. Hopefully some of the cash people receive will be used to engage the services of these sole traders/personal service companies once the movement ban is lifted, so everyone gets a slice and we get back to normal more quickly than we otherwise would.
  10. I suspect everyone will be paying a bit more to the Exchequer come next year
  11. Absolutely correct. Given the scale of the handouts it will all be based on information existing within HMRC prior to the crisis.
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