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andyj007

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Posts posted by andyj007

  1. On 24/03/2022 at 12:00, gregs24 said:

    I can give you an idea. I put £25k into a pension in 2008 and it is now worth just over £80k. Yes it went down significantly from time to time, but pensions are a long term investment. 

    You do need to be careful to take inflation into account. That £40k per year will be nearer £50k after 10 years of inflation (even shorter at current rates)

    Ideally you don't want to use capital to live off as if you start hitting your capital too soon it will quickly vanish. That is the reason for the £1m figure to generate £40k per year. 4% return is achievable on longer term investments.

    so what i did on  2014 was I  dropped that 30k onto a 3 bed terraced house that cost me 130k. 100k repayment mortgage over 15 years..  gave it striaght  the council who were gurantee to pay £750 month at that time . to rent it .   used that to pay the mortgage . house now worth 260k and pays me £975 month as over paid as mortgae was abouot 650.. so should be paid off end next year..   yes i have had to spend a coupel of k on it over tthe years.  i then did this twice more after  i saved up enough deposit to reduce the mortgage  payments & inusrance  so the rent covered it  (although the next 2 aill not be paid off for another 4 & 7 years respectively  unless i pay off early.)  relise i cant sell them as capital gains and are second homes, but in future , rents go up as do house values.. wa sthat better than a pension?  i have no idea.  but it worked for me ,  and someone else was paying off the mortgage,,  and money just seem exceptional cheap to borrow ..  having been around people in 91 who were giving keys to banks, i fixed my mortgaes to reduce risk.. 

    Yes we have had to pay tax ,  but between  Mrs J & myself  we combine tax allowances so its was pretty small & manageable  with the rent income . im sure an accoutant could make it more benificial and some point may take some advice..  

    it was drummed into me from young age, money safe in bricks and mortar..   if that  turns out to be true or not  only time will tell ...

    • Like 1
  2. I never understood pensions and still dont tbh.. i took one out at 16 with the co op and spent the first year  paying his fees, stopped paying that one two years later,  , self employed for a number of years , then was employed for 10 years  which by the time i left was getting a reasonable decent pension paid in , but had enough of carrying other directors..  went back self employed..  after year 2 of not paying anything into that pension an IFA advised to star again  so i dropped in 5k 2008 i think   (rather than do it monthly .. 1 year later that was worth less than 5k  i remember being angry and gutted tbh  .  no way was i ever doing that again, against the IFA advice i never paid another penny into that fund.. instead i did my own thing with my money..  so I  saved 5k a year for 6 years , into  a bogo standard current account lol  . , and then invested 30k my own way ,  

    i not sure what that 30k invested back then would be worth today  - would be fun to know, i suppose i could check what the pension did return over since then to  date    Im confident (hope)  im min 5x +  better off .. 

    retiring to me means giving up the main job that has become taxing on my mental health  and doing something that just fun, for a few £ to allow buying parts for my cars :)  

    I cant offer you advice, but i can send you good luck in what ever you decide ..  

     

     

     

     

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  3. why thank you gents, ive been away so not checked in on here,  sadly Bibs I missed the special delivery too....   damn  

    some say with age comes maturity, but not with me, im still spending recklessy on cars , lotus namely :)

     

     

     

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  4. cant help the OP.....  i didnt know that about the s2 seats being more reclined , being 6ft and quite long legs i fit in an s2 and its very comfy, where as a twin cam my head hit the ceiling.. i couldn't work out why as they were suppose to offer more room..   i suppose you could always raise the front of the seat in a twin cam to give mire recline but then your knees would hit the steering wheel.. one thing i do know, once in the car the seats and position are just incredibly comfy 

  5. I parted with my N/a coupke years back now.. pulled at my heart as took lad to prom in it..  thought it be nice to have the money.. and a extra garage space  truth be told every time i drove it i thought the cr gearbox was going to implode ..and as some take ages to shift if  needed the cash liquidating it might have taken a while..    it sold after 3 months via silverstones   .. and it didnt last long..  the money that is..  i now have  westfield, a lotus elan sprint, and lotus europa s2  (69)  :)  dont miss the evora one bit..   just look back on it fondly..  at the time.. and always pop back to look at all your cars on here...    i now have 3 cars that i enjoy very much , the two classics have no road tax - not mot and cost 80 quid each a year to insure ..  All or individualy  can be offloaded quickly if an emergency came up. and cash nedeed .  i tried to buy them carefully pouncing when the right one came up.. so the current return is significantly better than i would have got in the bank..anyhow..   basically i still have cars , but have spread the exposure and have options if needed to release cash.   30k from a dealer is really excellent..  the market has moved upwards considerably in teh last two years it appears..  godd luck whatever you do...   but my saying is .. once the poison is in (the thought of selling) theres no turning back..   Lovely car yours..  was actually the inspiration for my re trim ..

    R

    andy

     

    • Like 1
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  6. I agree with the comments or the corporate backgrounds,  i noticed this change about 3 montsh ago at silverstone.. it does not show the cars in a good way.. looks very amaturish job of a photoshop back ground..  natural light is all in needs..  big company syndrome.. promost likely 10 management meetings to come up with that too ..  wouldnt stop me buying a gt 430 if i had the cash tho :)

     

     

  7. is this right?  bell and covil are saying spring delivery for v6 & summer for amg give or take a couple of months , thats 8 months..  any evora sitting at 50-80k is in the firing line for a comparison purchase.  30-45k cars are a different price point. it has always amazed me at how tricky evoras  can be to shift on vdespite being awesome..   ..  perhaps the  depreciation in order to shift on 5 year cars will be quite steep now . youve got to really want an evora over an emira to buy one at the same or more price point. and there was always a limited market on evoras anyway.. this just reduces that pool does it not? , whilst it does bring in new blood, i can see that new blood wanting the emira creature comforts.. an dteh latest and greatest?  

    for instance the lovely smurf blue 410 gt on sale for 68k on auto100.co.uk is a direct choice between the new emira v6 ..  the emira amg at under 60k is a no brainer..for new blood purchase ,  exige and elise offer a different experience to the gt evora so have a different market..  but for me a 50k elise or  58k emira ...  no brainer emira ,,  but ive done the evora & elise so im biased 

    The emira looks even better today that it did yesterday ..  looking forward to seeing it tomorrow & friday at FOS

    any dealer with stock other than SOR is going to be rethinking i guess, but i imagine that as they knew this was coming they made adjustments to what they purchased to sell on

     

  8. to get the price,  he is  a total BE i agree 100% ,, i had the sound down and turned it up excatly when he said 60k ,  catchpoles one was quite good along with rory from autotrader.. but no one else mentions price 

    Red looks good on the config just missing gold wheel option 

    he has some of the best camera angels tho 

     

  9. I thought it was a bit amateur too to  be honest.. i mean i even plan for the uk  weather when we have a bbq ..  did they not evcen check the forecast this morning  and rough  something up for the poor presenters 

     

     

    3 minutes ago, Graham Ridgway said:

    The ghastly wall of fans

    The huge disparity of the quality of the interviews

    The immense lack of engaging content.  The female interviewer and the dogs comment

    Matt who I am a big fan of, looked and sounded truly terrible

    Any actual info about the car.

    Jenson button driving it.

    And on and on.

    I am not a negative cynical person.  But Lotus' stated aim is to compete on the world stage against professional looking competitors.  Completely changing the buying experience for the mass buyer.  It was cringeworthy.

    For the cottage industry Lotus of old it was exactly as you'd expect.    They are going to have to work much harder to make progress in their stated trajectory.

    i agree 100% 

     

    1 minute ago, andyj007 said:

    I thought it was a bit amateur too to  be honest.. i mean i even plan for the uk  weather when we have a bbq ..  did they not evcen check the forecast this morning  and rough  something up for the poor presenters 

     

     

    i agree 100% 

     

    though russel car had been on the booze  at one point lol 

     

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