Prose from a Poshboy

[cambridgealex]

Screw you guys!

The only people allowed to comment are people that have played before. The proper game and rules that is. Stato, Mitch, Deadman and everyone that played in the pre-Slovenia match probably thought the same as you, but they were turned! It's an awesome game.

[kinboshi]

Screw you guys!

The only people allowed to comment are people that have played before. The proper game and rules that is. Stato, Mitch, Deadman and everyone that played in the pre-Slovenia match probably thought the same as you, but they were turned! It's an awesome game.

Do you prefer it to semi-naked, all-male wrestling though?

[SuuPRlim]

I agree with Keys, stocks and so forth are a great ALTERNATIVE to keeping non-crucial liquid funds in a bank account, and with good advice are an awesome idea imo, thy are not a failsafe to doing ur money by any stretch.

and agree with Dubai, LOL at Isa's/long term saving accounts. they are a total waste of time,

[ ] You understand ISAs

ur quite right I don't - I don't really understand any of this. tbf was poorly advised and put too much in my only ISA experience (subtle brag, hope we all got it) but i essentially ended up earning a little under 2.5% on my money in 12 months, which was far and away from the untold wealth I was promised my money would generate in this bank account.

obviously I wasn't suggesting seriously that leaving your money in a casino deposit account was a shrewder move than an ISA, but I was using this rather far fetched example as a way to further demonstrate how disappointing I found my ISA experience. There are better options imo.

[cambridgealex]

Screw you guys!

The only people allowed to comment are people that have played before. The proper game and rules that is. Stato, Mitch, Deadman and everyone that played in the pre-Slovenia match probably thought the same as you, but they were turned! It's an awesome game.

Do you prefer it to semi-naked, all-male wrestling though?

Yes

[Free_Rollin]

It's amazing in this day and age the number of intelligent people that still label stocks "risk free safe investments" and still also believe that savings accounts and isas produce a worthwhile income through interest.

Agreed.  I've worked if investment banks/hedge funds for 10 years and I wouldn't put my cash in any stocks at the moment.  The risk/reward isn't worth it after tax is taken into account in the present environment.

Lol, that's really difficult to believe.

Absolutely no idea what your point is as your post was so illuminating, but my view is that the economies of the world are going down the pan due to State incompetence and even if you do call it right then the same State will take a big whack of your upside.  No thanks.

The tax angle doesn't apply to a 10k investment (unlikely to anyway) but I just don't think an investment of that size is worth putting in stocks.  Not worth the hassle.  Not worth the commission.

It was more about someone who works in a hedge fund taking a conservative route and not having any positions, be it long or short.

[kinboshi]

Screw you guys!

The only people allowed to comment are people that have played before. The proper game and rules that is. Stato, Mitch, Deadman and everyone that played in the pre-Slovenia match probably thought the same as you, but they were turned! It's an awesome game.

Do you prefer it to semi-naked, all-male wrestling though?

No

Thought as much.

[DungBeetle]

It's amazing in this day and age the number of intelligent people that still label stocks "risk free safe investments" and still also believe that savings accounts and isas produce a worthwhile income through interest.

Agreed.  I've worked if investment banks/hedge funds for 10 years and I wouldn't put my cash in any stocks at the moment.  The risk/reward isn't worth it after tax is taken into account in the present environment.

Lol, that's really difficult to believe.

Absolutely no idea what your point is as your post was so illuminating, but my view is that the economies of the world are going down the pan due to State incompetence and even if you do call it right then the same State will take a big whack of your upside.  No thanks.

The tax angle doesn't apply to a 10k investment (unlikely to anyway) but I just don't think an investment of that size is worth putting in stocks.  Not worth the hassle.  Not worth the commission.

It was more about someone who works in a hedge fund taking a conservative route and not having any positions, be it long or short.

Being long or short doesn't mean you have to have stocks.

[zerofive]

It's amazing in this day and age the number of intelligent people that still label stocks "risk free safe investments" and still also believe that savings accounts and isas produce a worthwhile income through interest.

Agreed.  I've worked if investment banks/hedge funds for 10 years and I wouldn't put my cash in any stocks at the moment.  The risk/reward isn't worth it after tax is taken into account in the present environment.

Lol, that's really difficult to believe.

Absolutely no idea what your point is as your post was so illuminating, but my view is that the economies of the world are going down the pan due to State incompetence and even if you do call it right then the same State will take a big whack of your upside.  No thanks.

The tax angle doesn't apply to a 10k investment (unlikely to anyway) but I just don't think an investment of that size is worth putting in stocks.  Not worth the hassle.  Not worth the commission.

It was more about someone who works in a hedge fund taking a conservative route and not having any positions, be it long or short.

Being long or short doesn't mean you have to have stocks.

Dangling participles ITT.

[Doobs]

I agree with Keys, stocks and so forth are a great ALTERNATIVE to keeping non-crucial liquid funds in a bank account, and with good advice are an awesome idea imo, thy are not a failsafe to doing ur money by any stretch.

and agree with Dubai, LOL at Isa's/long term saving accounts. they are a total waste of time,

[ ] You understand ISAs

ur quite right I don't - I don't really understand any of this. tbf was poorly advised and put too much in my only ISA experience (subtle brag, hope we all got it) but i essentially ended up earning a little under 2.5% on my money in 12 months, which was far and away from the untold wealth I was promised my money would generate in this bank account.

obviously I wasn't suggesting seriously that leaving your money in a casino deposit account was a shrewder move than an ISA, but I was using this rather far fetched example as a way to further demonstrate how disappointing I found my ISA experience. There are better options imo.

You can buy shares in an ISA account too.  If you are planning on investing long term, or with decent sums, it would be pretty daft to ignore the ISA route with shares.  So basically they can't be both a great alternative and a total waste of time.

And FWIW ISAs give some discipline.  My shares outside the ISA get sold much quicker than the ones inside

[Gazza]

I agree with Keys, stocks and so forth are a great ALTERNATIVE to keeping non-crucial liquid funds in a bank account, and with good advice are an awesome idea imo, thy are not a failsafe to doing ur money by any stretch.

and agree with Dubai, LOL at Isa's/long term saving accounts. they are a total waste of time,

[ ] You understand ISAs

ur quite right I don't - I don't really understand any of this. tbf was poorly advised and put too much in my only ISA experience (subtle brag, hope we all got it) but i essentially ended up earning a little under 2.5% on my money in 12 months, which was far and away from the untold wealth I was promised my money would generate in this bank account.

obviously I wasn't suggesting seriously that leaving your money in a casino deposit account was a shrewder move than an ISA, but I was using this rather far fetched example as a way to further demonstrate how disappointing I found my ISA experience. There are better options imo.

Better than losing 5% in one thanks to the stock market "dips" in the last couple of days

[boldie]

I agree with Keys, stocks and so forth are a great ALTERNATIVE to keeping non-crucial liquid funds in a bank account, and with good advice are an awesome idea imo, thy are not a failsafe to doing ur money by any stretch.

and agree with Dubai, LOL at Isa's/long term saving accounts. they are a total waste of time,

[ ] You understand ISAs

ur quite right I don't - I don't really understand any of this. tbf was poorly advised and put too much in my only ISA experience (subtle brag, hope we all got it) but i essentially ended up earning a little under 2.5% on my money in 12 months, which was far and away from the untold wealth I was promised my money would generate in this bank account.

obviously I wasn't suggesting seriously that leaving your money in a casino deposit account was a shrewder move than an ISA, but I was using this rather far fetched example as a way to further demonstrate how disappointing I found my ISA experience. There are better options imo.

Better than losing 5% in one thanks to the stock market "dips" in the last couple of days

True but not really a problem if you don't need to sell shares immediately.

Long term investment in most blue chips companies should be fine unless you get really unlucky.

[Doobs]

I agree with Keys, stocks and so forth are a great ALTERNATIVE to keeping non-crucial liquid funds in a bank account, and with good advice are an awesome idea imo, thy are not a failsafe to doing ur money by any stretch.

and agree with Dubai, LOL at Isa's/long term saving accounts. they are a total waste of time,

[ ] You understand ISAs

ur quite right I don't - I don't really understand any of this. tbf was poorly advised and put too much in my only ISA experience (subtle brag, hope we all got it) but i essentially ended up earning a little under 2.5% on my money in 12 months, which was far and away from the untold wealth I was promised my money would generate in this bank account.

obviously I wasn't suggesting seriously that leaving your money in a casino deposit account was a shrewder move than an ISA, but I was using this rather far fetched example as a way to further demonstrate how disappointing I found my ISA experience. There are better options imo.

Better than losing 5% in one thanks to the stock market "dips" in the last couple of days

I wish I had more free cash in my ISA this morning.

[PizzicatoXev]

the 10k pot for living expenses seems rather large if you are going to keep topping it back up. Unless you plan on opening a small business in your spare time then 10k working capital sitting around seems a bit too much.

I think £10K is fine for the living expenses account...

Obviously I don't know Alex's circumstances but its not unreasonable to think his burn rate is gonna be around £1K a month or more depending on social activities and being able to comfortably withstand 4 - 6 month break even and/or losing streak months is virtually essential.

[Mitch]

Screw you guys!

The only people allowed to comment are people that have played before. The proper game and rules that is. Stato, Mitch, Deadman and everyone that played in the pre-Slovenia match probably thought the same as you, but they were turned! It's an awesome game.

Confirmed shit game.

Think Stato enjoyed it tho. Deadman more interested in chasing Alex with the bat/mallet/stick thing and swinging it like a baseball bat, from what a remember, which aint a lot these days.

[boldie]

Screw you guys!

The only people allowed to comment are people that have played before. The proper game and rules that is. Stato, Mitch, Deadman and everyone that played in the pre-Slovenia match probably thought the same as you, but they were turned! It's an awesome game.

Are you saying croquet turned them?