The TPU UK Clubhouse

[AusWolf]

There are other ways for you to save effectively, different ISAs or pension plans, I suggest you talk to an Ethical Financial Advisor and they'll get you a full array of options.

The problem with advisors is that they tend to recommend products that they themselves believe in. Everyone's case is different. I much more prefer doing my own research and choosing what I think is best.

I'm sure many of them would recommend investing, or private pensions, for example, but I don't like the risk. I also don't like having no access to my money if I need it (for an emergency).

Advisors told my parents to jump on a foreign currency loan when they renovated their house. They ended up having to sell it and buy a flat on another loan in the 2008 crisis just to pay off the interest on the first one.

I only wish I'd learned about LISAs a lot sooner. I could be halfway through having my retirement fund ready by now.

 

[kurosagi01]

All this talk of finance just reminds me of Caleb Hammer doing financial audit for "viewers" on youtube, basic gist for a lot of the US he give advice for is..clear debt then have 6 months to 1 year safety funds or something on top of any other savings.
Which I feel like can be applicable for UK lot too.

 

[lexluthermiester]

clear debt then have 6 months to 1 year safety funds or something on top of any other savings

The problem with that is most people don't have that ability. Clearing out ones debt and living in the black is a task that took me nearly a decade at one point. Savings is something else entirely. Both of those points are MUCH easier said than done. There is a symmetry of that state between the US and the collective UK.

 

[FoulOnWhite]

Omg the immigrants are even invading the UK clubhouse


This IS a joke btw

 

[kurosagi01]

The problem with that is most people don't have that ability. Clearing out ones debt and living in the black is a task that took me nearly a decade at one point. Savings is something else entirely. Both of those points are MUCH easier said than done. There is a symmetry of that state between the US and the collective UK.

I'm not saying it would be easy, this is why everywhere in the world has this issue.
However it can be minimised and avoidable for a lot of younger generation if they have been taught the right stuff that doesn't require a qualification.
Very basic understanding on budgeting and then a bit of patience will get them somewhere, seeing all these coverage on "gen-z" do not want to work or whatever or struggling to save.
Of course its case by case scenario but if we are looking outside major cities then its possible depending on the type of career you have.

If you live in major cities and you have career in software engineering for example you would be thriving a lot more than say somebody like me who managed to get a full-time remote job post covid/lockdown and still am in the same job. That is of course if you are living at home with your parents then save as much as you can and budget however you want.
People should be able to enjoy stuff still.

 

[Eva01Master]

The problem with advisors is that they tend to recommend products that they themselves believe in. Everyone's case is different. I much more prefer doing my own research and choosing what I think is best.

I'm sure many of them would recommend investing, or private pensions, for example, but I don't like the risk. I also don't like having no access to my money if I need it (for an emergency).

Advisors told my parents to jump on a foreign currency loan when they renovated their house. They ended up having to sell it and buy a flat on another loan in the 2008 crisis just to pay off the interest on the first one.

I only wish I'd learned about LISAs a lot sooner. I could be halfway through having my retirement fund ready by now.

Wow, I'm appalled at the situation that advice put your parents in, sounds bloody awful; I might be biased as my partner is an EFA and I see firsthand how much research, work, and commitment she puts towards her clients to make sure they've got the full spectrum of options catered to their needs. I also respect your position of doing your own research and choosing for yourself.

@FoulOnWhite: We are immigrants that like TPU, how awful can we be? XD

 

[AusWolf]

Wow, I'm appalled at the situation that advice put your parents in, sounds bloody awful; I might be biased as my partner is an EFA and I see firsthand how much research, work, and commitment she puts towards her clients to make sure they've got the full spectrum of options catered to their needs. I also respect your position of doing your own research and choosing for yourself.

If she does her job with utmost commitment to her clients, then she has my utmost respect.

Unfortunately, not all advisors are like that. And since I'm not a finance guru, I'd better not risk it. I tend to chew on my decisions for a long time before fully committing anyway (another thing advisors don't like).

 

[kurosagi01]

In other news, i've got my partner back into WWE again along with me since its now available on Netflix.
After watching Royal Rumble and seeing this cameo from TNA...I believe in Joe Hendry.
Big up this Scotsman for creating the ultimate meme theme song.

 

[Tatty_Two]

That's what I meant by those who "legally can". I don't know why there's such a distinction.

Probably because by the time you are 40 half of the "Lifetime" has already gone for many/most, I think the idea is start early and build slowly.

 

[kurosagi01]

Back to finance talk briefly, don't let your kids or future kids do this.
We are smarter than this.

 

[FreedomEclipse]

Not quite UK Clubhouse

Its about 25-27c here with 70-80% humidity

Across the other side there is the main part of the city.

And of course. The peoples favourite:

 

[Space Lynx]

The UK's future export: bacteria!!! It's amazing how much we are learning. Below is an article from the University of Exeter researchers.

Mouth bacteria 'may indicate future brain health'

Study finds some bacteria associated with better memory, while others link to poor brain function.

www.bbc.co.uk

The university said people who had large numbers of the bacteria groups Neisseria and Haemophilus had better memory, attention and ability to do complex tasks.

However, Dr L'Heureux said she found greater levels of the bacteria, Porphyromonas, in individuals with memory problems.

Whereas, she said, the bacterial group Prevotella was linked to low nitrite, which was more common in people that carried the Alzheimer's disease risk gene.

Dr L'Heureux said: "We would recommend you have things like beetroot. leafy greens like spinach, rocket, lettuces, lots of salads and reduce consumption of things like alcohol and highly processed sugary foods."

time to eat some beets!!!

 

[KrazyT]

Dr L'Heureux said: "We would recommend you have things like beetroot. leafy greens like spinach, rocket, lettuces, lots of salads and reduce consumption of things like alcohol and highly processed sugary foods."

Seems obvious, no ?
And I'm not a doctor

 

[kurosagi01]

Have they ever considered making fresh ingredients more affordable? No??
Nevermind carry on eating biscuits.

 

[AusWolf]

LISA or even premium bond are the best way to save now is the way I see it as well.
Both give chances to increase your saving.
All these money experts or dumb finance "gurus" need to give a simple short "answer" or solution to younger generations to understand.
Instead of dumping ridicous ideas.

Back to finance, I just watched a YouTube video posted yesterday about the government considering capping your money stored in your ISAs at a total of £100k. All the quotes in the video were from 2023, and even searching for the topic didn't result in anything newer. The FUD clickbait factor is soaring high.

 

[Space Lynx]

Seems obvious, no ?
And I'm not a doctor

diet being directly tied to alzheimers, no it was not obvious imo as I was under the impression that was more of a genetic disease - the more we learn its less genetics and the more about which bacteria we have, which i find interesting

 

[Tatty_Two]

diet being directly tied to alzheimers, no it was not obvious imo as I was under the impression that was more of a genetic disease - the more we learn its less genetics and the more about which bacteria we have, which i find interesting

There is a "slightly" increased risk if a family member in direct line has/had the disease but genetic/hereditory is only minor but to be fair it is/has been a fairly common misconception that there is a strong link which is not the case generally.

Is dementia hereditary? | Alzheimer's Society

 

[FreedomEclipse]

Supposedly eating chilli's or spicy foods in general was a good way to fend off Alzheimer's. Something about them (maybe an enzyme or some natural oil) keeps that part of the brain in good health.

Dont know if its true or just an old wives tale. But ive heard it more than once.

 

[the54thvoid]

Supposedly eating chilli's or spicy foods in general was a good way to fend off Alzheimer's. Something about them (maybe an enzyme or some natural oil) keeps that part of the brain in good health.

Dont know if its true or just an old wives tale. But ive heard it more than once.

The opposite, apparently:

Eating spicy foods linked to dementia

New research involving the University of South Australia shows a spicy diet could be linked to dementia.

www.alzheimers.org.uk

But more study required.

 

[mechtech]

Omg the immigrants are even invading the UK clubhouse


This IS a joke btw

I invaded long ago and put up my flag.

Have a nice day. Is it ok right here?

 

[kurosagi01]

The opposite, apparently:

Eating spicy foods linked to dementia

New research involving the University of South Australia shows a spicy diet could be linked to dementia.

www.alzheimers.org.uk

But more study required.

Bring on the singapore fried rice or spicy thai rice or spicy chicken wings.
If I do get dementia I would hope I would still be asking for more spicy food.

 

[Space Lynx]

I read on the BBC recently that 1.8 million farm birds (chickens, etc) have been culled due to avian flu within the last 3 months.

The thing is, I don't understand this. Let's say you are a farmer on the outskirts of some small town, your chickens get infected by say a seagull. Well the seagull is still flying around out there, but your chickens, you can isolate them in the barns. So, all of your chickens you put into the barn, instead of culling them, why not let the avian flu run through them? Many if not majority of them will survive it. Then you get rid of the rest who don't have it. Wait awhile longer, eventually the virus should be out of their system right? So, when they test free of it, let them back into free range. Why is culling the go to option, when in 99% of cases the chickens don't have a chance of infecting other farms (not like they are hanging out together).

Also, if this issue gets bad enough, shouldn't you cull the wild birds that are spreading it? Maybe even have military protecting farms for x amount of miles in a radius? Any wild birds trying to fly over you use special guns that make them fly in a different direction. I don't know. Just trying to understand it, none of it makes sense to me. Humans really seem to lack innovation on what seems basic matters to me. I'm not saying my ideas would work, I'm just saying like it surprises me no one ever tries to think outside the box on some matters, I don't know.

They do understand wild birds that carry the bird flu will keep flying to other farms right? Like this problem could wipe out the entire food supply... why is not taken more seriously?

edit: nm, I just read 1.1 billion chickens are processed in the UK each year. So, 1.8 million is not that much, yet.

I drove around all over England in 2022, where the hell do all these chickens live? lmao I never saw any even when driving in the country, wild how those numbers work. Probably means its concentrated into a few majorly big farms I expect, which means if bird flu hit any of those, it would be quite devastating I assume. I also assume those bigger places have stronger protections in place, so maybe that's why this is a non-issue, I don't know.

 

[AusWolf]

I drove around all over England in 2022, where the hell do all these chickens live? lmao I never saw any even when driving in the country, wild how those numbers work. Probably means its concentrated into a few majorly big farms I expect, which means if bird flu hit any of those, it would be quite devastating I assume. I also assume those bigger places have stronger protections in place, so maybe that's why this is a non-issue, I don't know.

Probably this is why. If all the chickens are concentrated in large farms, then I suppose they can't risk any disease spreading in the population.

 

[FoulOnWhite]

Bring on the singapore fried rice or spicy thai rice or spicy chicken wings.
If I do get dementia I would hope I would still be asking for more spicy food.

I don't like spicy food. It's probably crap though about it causing dementia

 

[Space Lynx]

Probably this is why. If all the chickens are concentrated in large farms, then I suppose they can't risk any disease spreading in the population.

the article I read was just small time farmers having to cull their chickens though, my point was, it's not like those chickens are hanging out with other chickens, all the farms are separated from each other. the big farm example was just a different comment not related to that one

I just find it strange is all, I suppose it doesn't matter, they know what they are doing - I hope lol