The cost of living... what can we do?

Discussion in 'Off-Topic Discussion' started by Fat Controller, Aug 26, 2022.

  1. shiney

    shiney President, Grumpy Old Men's Club Staff Member

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    I don't do "smart" things in this house. :whistle: I don't mind feeling inferior to a flower (as mentioned in your signature) but have enough trouble keeping up with technology without it supposedly doing things for me. :rolleyespink: :heehee:

    I got my power company to put in writing that they will never make me have a smart meter (although they may still try to encourage me to have one) as I'm a confirmed Luddite. :old:

    The person I spoke to at the power company (an actual person :blue thumb:) said that she doesn't have a smart meter either. :roflol:
     
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    • Jenny namaste

      Jenny namaste Total Gardener

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      ANYONE seen the Ftse this morning? Ftse 250 down to £16840 ,
      :sofa:
      Jenny namaste
       
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      • pete

        pete Growing a bit of this and a bit of that....

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        I don't know what it is normally. :biggrin:
         
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        • Clueless 1 v2

          Clueless 1 v2 Total Gardener

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          Same here. I don't invest in UK stocks because the UK consistently underperforms.

          This does give me a secondary problem though, with the GBP having tanked, it means there's little point in investing in US stocks right now because if the pound recovers significantly, any growth in the value of the US stocks will be offset by the fall in value of the USD in relation to GBP.

          I genuinely think this is all part of a convoluted plan. People all over the world woke up to a different way of living during covid, and I think we're being put back in our box.
           
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          • wiseowl

            wiseowl Admin Staff Member

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            For Information Only:heehee::heehee::heehee::blue thumb:
            The FTSE 250 Index, often referred to as the UK 250 by spread betting and CFD trading firms, is a stock market index which tracks the largest 250 companies listed on the London Stock Exchange, after those in the FTSE 100.

            What’s the difference between the FTSE 100 and 250?
            While the FTSE 100 represents the biggest companies with shares traded in London, the 250 includes the group below the FTSE 100.

            Many fund managers and investors feel the FTSE 250 Index is a better indicator of the performance of the UK market, because more of the companies included it in derive the bulk of their revenues from business done in the UK. The FTSE 100 Index (or UK 100) is composed of a much higher proportion of multi-nationals or large foreign firms that have chosen to list in London for capital raising purposes.

            What does FTSE 250 mean?
            The FTSE 250 is a capitalisation-weighted index: this means that companies are included based on the size of their market capitalisation, the value of the shares they have out there in the market. The companies included in the FTSE 250 will be the 101st to 350th largest companies listed on the London Stock Exchange.

            The FTSE 250 also contains a large number of investment trusts. These are investment vehicles which issue shares on the stock market. They are managed like mutual funds, but investors buy into them by acquiring shares. At the time of writing, J.P.Morgan alone had six of its investment trusts as constituents of the FTSE 350.

            Like the FTSE 100, the FTSE 250 has several foreign firms or multinationals with substantial interests outside the UK. It also frequently trades very closely (correlates) with the FTSE 100. However, as an index, it is regarded as a better reflection of UK share prices than the FTSE 100.

            The FTSE 350 Index
            The top 350 companies traded in London, namely the FTSE 100 and FTSE 250 combined, are represented by the FTSE 350 index.

            Trading the FTSE 250
            There are a number of ways in which investors can gain exposure to the FTSE 250 Index. Exchange Traded Funds or ETFs will track the performance of the index at a relatively low cost with the added benefit of paying dividends. This means that investors will enjoy the effects of compounding over the longer term.

            For short term exposure to the FTSE 250, traders can use Contracts for Difference or CFDs to track the index. CFDs provide an opportunity for traders to make trades on a rising or falling index. UK investors may prefer to trade with a spread betting provider where any gains are tax free.
             
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            • Jenny namaste

              Jenny namaste Total Gardener

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              Thank you Woo
               
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              • shiney

                shiney President, Grumpy Old Men's Club Staff Member

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                Thank you @wiseowl very concise and informative and I'm just off to do some trading :heehee:
                 
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                • gks

                  gks Total Gardener

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                  I was talking to my parents yesterday as we are still in Lincoln regarding if they still had any USD.
                  Up until 2015 they used to go to Vegas twice a year, it was only due to my mum having heart by-pass surgery they have not been back. It looks like they have 1850 USD, which should give them about £1700, nice little return as the rate back then was above 1.5 USD to the £

                  Hindsight, I should of bought USD 12-18 months ago, would of had a nice return on my savings now.
                   
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                  • pete

                    pete Growing a bit of this and a bit of that....

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                    I still don't know what it is normally, or should I say how much has it dropped.

                    Ive got some shares but they are not in the 100 or 250.
                     
                  • Jocko

                    Jocko Guided by my better half.

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                    I remember when the rate was always over $2 to the £1.
                     
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                    • gks

                      gks Total Gardener

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                      That must of been before 1970 when the pound to dollar rate in general was fixed by the government. Since then the pound became a free floating currency, the pound has rarely returned $2 to the £1 since
                       
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                      • pete

                        pete Growing a bit of this and a bit of that....

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                        Used to be 5 shillings to the dollar, 25p, a long time ago.
                        Often used to hear people say that'll be a dollar, meaning 5 shillings.
                         
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                        • shiney

                          shiney President, Grumpy Old Men's Club Staff Member

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                          That was outdated but was still what was said when you were around. It was correct in 1945 but after the U.S. reneged on their original 'Lend Lease' agreement the pound fell to $2.8 to the pound from $4 in 1950 and held there until 1968. It fluctuated up and down until the early 80's and then nosedived in 1985. All dates have been rounded to the nearest year or so. :)
                           
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                          • pete

                            pete Growing a bit of this and a bit of that....

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                            I remember the 1985 nosedive because it was one of the years I went to the US and I think from memory it was something like $1.16 to the pound.
                             
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                            • gks

                              gks Total Gardener

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                              They were saying on the news the drop in sterling on Monday, $1.05 was the lowest since February 1985 when £1 got you $1.06
                               
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