John_C
Member
Registered: 5th Mar 03
Location: South east, Bromley
User status: Offline
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just rising with general market
http://www.guardian.co.uk/business/2010/jul/13/bt-pension-fund-court-case
liabilities could be 40 billion(bottom of article)... ouch
interesting if state has to pickup some of the cost
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taylorboosh
Member
Registered: 3rd Apr 07
User status: Offline
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quote:
Originally posted by connollygt30
Fair play mate,give it a go if its what you really want...
You are only here once,this isnt a trial run
well tbh im not big on the whole drinking thing most the time anyways, neither is the gf. at current i waste all my cash on cars so why not save it for a special one
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taylorboosh
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Registered: 3rd Apr 07
User status: Offline
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i also think bt would be bailed out just as the banks are as it still has the u.s.o and i cant think of any other telecoms company big enough to manage that in the uk
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Colin
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Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by AK
Colon - I keep telling myself I'll buy another flat/house to rent or a 996 or something but I just blow the money 
We had a house, flat and a garage for a while... now down to a house, garage and share of another flat.
I have lots of regrets... I spent SO much money on the Corsa(s) and Supra when I first started working - If i had saved 50% of that I'd have had about 2 flats bey the time is was 25
Feck knows what I'd spend money on if i didnt waste it all on cars, beer and casinos 
Your enjoying what your doing so feck it!! Your Supra was awesome!! 
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Limecat
Banned
Registered: 25th Jun 05
Location: The Internet
User status: Offline
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quote:
Originally posted by John_C
just rising with general market
They are up almost 30% in 2 and a half months, they are about 10% over that prior to the generic slump!?! 
General market?
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taylorboosh
Member
Registered: 3rd Apr 07
User status: Offline
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if ever any inspiration was needed.... and thats the cheaper 348
http://www.youtube.com/watch?v=PecVMw3Z9ro
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taylorboosh
Member
Registered: 3rd Apr 07
User status: Offline
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http://www.youtube.com/watch?v=jwN9JmlnPik
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John_C
Member
Registered: 5th Mar 03
Location: South east, Bromley
User status: Offline
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according to google finance its the same price as a yr ago??
http://www.google.co.uk/finance?q=LON%3ABT.A
its a share id avoid anyway - i'll leave it at that 
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Limecat
Banned
Registered: 25th Jun 05
Location: The Internet
User status: Offline
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quote:
Originally posted by John_C
according to google finance its the same price as a yr ago??
http://www.google.co.uk/finance?q=LON%3ABT.A
its a share id avoid anyway - i'll leave it at that
Eh? That link shows it over 26% higher now than 12 months ago!?!
You are missing that an employee share save scheme is massively different, you get them at a discounted rate to begin with and the option to buy at the fixed price after the set term, if not you get your initial investment back plus a miniscule amount of interest. It's a win - win situation.
With SIPS it is from pre-tax pay and you get bonus shares within that as long as you do not sell the main shares within a 3 year term. You also get dividends in the mean time.
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John_C
Member
Registered: 5th Mar 03
Location: South east, Bromley
User status: Offline
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my bad...i clicked year to date.
i understand you buy at discounted rate. Bottom line i dont think growth outlook looks anygood.
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CORSA NUT
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Registered: 3rd Aug 01
Location: Wirral
User status: Offline
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I feel i've sounded a bit harsh John TBH mate 
Just go for it mate i'm just a bit of a realist
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Limecat
Banned
Registered: 25th Jun 05
Location: The Internet
User status: Offline
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quote:
Originally posted by John_C
my bad...i clicked year to date.
i understand you buy at discounted rate. Bottom line i dont think growth outlook looks anygood.
What has he got to lose though?
The shares would have to drop by over 20% for him to be worse off by taking the share option at the end of the scheme. If that happened he gets his initial amount back, plus a pittance of interest.
It gets him into the mindset of saving as it's off his wage before it lands in his bank, it's not like putting x amount in a savings account that is within easy reach if he got weak minded.
Ok, as an out and out normal share purchase I would probably agree without looking further but it really is a no-brainer. I would advocate anyone who has the chance of a share save scheme through their employer to take their hand off and get as much into it as you can.
One of my Dads old work colleagues came out with something like £80k about 15 years ago for £18k taken from his wages over 5 years. It bought him a 3 bed semi outright which is probably over £1/4m now.
Money breeds money and share saves are as close as you can get to a potential big gain/low (almost no) risk combination. If the company goes tits up, it isn't tied up with them anyway. 
[Edited on 22-07-2010 by LETGSI16V]
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taylorboosh
Member
Registered: 3rd Apr 07
User status: Offline
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i will probably get into that sort of scheme, dont know how long you need to be there or anything thought?
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Limecat
Banned
Registered: 25th Jun 05
Location: The Internet
User status: Offline
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You minimum service time! 
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