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It's not going to get any better any time soon regardless what happens in November.

One more step taken to never returning to the UK - all wealth extracted from the ISA and moved to Australia.

London HPI - at least for the woking, mortgaged plebs - have falling for 10y now. The finsec continues to contract. Coof/WFH ahs seen the what would have been the nextgen stay away from London.

We likened it years ago to the court of King Louis of France. It just becomes ever more clear. Let them eat cake while we intrigue and dance in our fake but gay bubble.

There's a thread about drawdowns etc in the pension section.

Coincidentally just saw this... bring it on.

Next door So looks like a land grab by a developer. His profits are falling.

Tory commuter towns worst hit by INSANE HOUSE PRICES

Nice home for a family if they can afford the upkeep/work £240 per sq ft, should sell for less. https://www.rightmove.co.uk/properties/86677422#/?channel=RES_BUY Buxhall Road, Brettenham, Ipswich, Suffolk, IP7 Offers Over £595,000 Price Change History 24/04/2024 Price changed from £725,000 to £595,000 11/03/2024 Price changed from £775,000 to £725,000 15/11/2023 Initial asking price: £775,000 Overall change: -23.2% (-£180,000)

Venezuela, or on the milder end Argentina, are examples of just how far they will double down. In the former residents of formerly the richest country in south America ate zoo animals and pets to survive.

My portfolio has outperformed the S&P 500 for the first time this year (i.e. YTD return is better than the S&P YTD return). And the miners have not even begun to run yet.

It's an interesting topic DB. The thing I wonder is when the noose has tightened and everyone is hanging there dead. What comes next. That's the scary bit.

Best thing to do is opt out of playing the game. Do minimal work and pay the minimal tax within the law. Giving up full time work is the best thing I ever did. But then I am a lazy bastard. You can only respond to what they actually do and make your decisions at the time. And I made mine when I saw what my tax was paying for.

The key thing for me is the statistic I've seen somewhere. To be a NET taxpayer in this country you need to earn something like £52,000 a year. Anything below that and you are a NET consumer of taxpayers' money. So basically everything is paid for by 9% of earners. Unsustainable. And even more so when Labour get in.

IMO it is Midwits all the way down. Once lockdowns became the dominant ideology it became a contest to see who could double-down on the idea to the greatest extent, and any dissenter was purged as an "-ist" as the Midwits all instinctively banded together against the common mortal enemy of an actual intelligent mind. The reason lessons will never be learned from this IMO is that the real lesson is that midwits are only well suited to mid-level management and below, since they are well suited to implementation but totally unsuitable for strategy, however that would mean purging them from all the high level jobs they have colonised by driving out intellectual threats. The worship of Prof Lockdowns models etc was pure credentialism, the hallmark of a midwit. The disregarding of more credentialled opinions happened once a dominant ideology of lockdowns had taken hold, as the midwit mind doesn't cope well with changes of direction. I think a certain US faction has played an absolute strategic blinder here, from a first order midwit perspective. The damage to vassals is actually greater than to Russia, so I assume they are the real target. The US will likely withdraw to the Americas within 20 years, and it is salting the earth in the territories it is leaving behind. A Poland-dominated EU with militarised and antagonistic Baltic states as the contact line with Russia will find it impossible to cooperate with Russia, and likely force the breakup of the EU if not a civil war there. The destruction of the dollar can only end in vastly lower living standards for Americans, but much like QE this will take years to manifest and in the meantime the midwits in charge can slap each other on the back thinking they are clever. I assume many Russians thought the EU had some degree of independence, or perhaps some degree of dependence of Russian NG, which would make those assets safer than in the US itself.

That was a party political broadcast on behalf of the M&S party. You been buying M&S shares now?

I do nothing. If it falls out of the S&P then the market does the trading for me. I'm not against dividends per se. I just understand what they are and realise they are an inconvenience - especially on shares held outside a tax shelter.

Too many 'intelligent' people are first order thinkers. The second leap in the logic chain is beyond them. They're crap chess players.

Im only ribbing you ,your points are very valid for most people,but il never ever get out of bed and want to be most people,win or lose.This thread is about trying to be better.I think on the ISA allowance they will likely cap it like pensions.£200k or something.Taking everyones capital is all they have left.The noose is tightening,even on us.

They'll do it in a different, more subtle, way in the UK. They will just tax your assets rather than steal them. Same outcome though. It's like corruption. In Africa, a large bag of cash is handed over and you get what you were asking for. Here, you employ someone's wife in a non-job for a fat salary and then you get what you want or the leader of the council arranges a 'loan' for your business.

My skill,what i really do,is the cross market work.If we were a company,lots of people on this thread would easily do the data,the numbers.Its the cross market work of those numbers though.Nobody yet,or maybe ever will see or say its bennies causing the death of the UK market but it is.Its bennies.Because government forced pensions out of UK equity,into gilts to fund bennies.Its that simple.Thats where my roadmap went,thats where it stopped.Now they are in the process of monetising those gilts,so stealing those savings.BHP gets a crack at Anglo and all its future cashflow because the government gave Abdul and his 3 wives bennies.Everything between those facts do not matter.That is the cause. I joke on this thread because i enjoy life,and i get up to win every day,im competitive,but what i see in my work scares me for my childen,my country,all of you,and every decent ordinary person.We were in the best macro position iv ever seen when Blair and Brown got in,we are now in the worst iv ever seen.

This could go in so many threads https://finance.yahoo.com/news/trump-advisers-discuss-penalties-nations-213042538.html?guccounter=1&guce_referrer=aHR0cHM6Ly90LmNvLw&guce_referrer_sig=AQAAANBcVHzJkk0UB2R-tkjWQc-yxjqbIs0uEOawhiQyI1RJxLM7BrkCaBYpYWZZjh_K4hXiBVm65s1tu-atYb3DLxLvmgCtO9V6HosMlJpcfATZ88eijsiw7YJG3c0H9EPt1_g-WttiM2rH1NMp0w2RBt5NCfPd1lq43evgqXB9bPqj

Give it time. In the long term, the market is a weighing machine rather than a voting machine. As someone once said. I don't make predictions about shares but I do for politics. As for a Labour government. That is a worry. I do think this year's ISA allowance is the last one we'll get. At least at the £20k level. I expect scrapping it or reducing it to nothing over the next parliament.