mikeck
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Post by mikeck on Apr 5, 2024 11:40:36 GMT
It's not always the viewpoint, it's also how it's put across, (the lack of decency or empathy) or willfully missing the point.
It's also not off-topic, a lot of us here earn and contribute to/look after our households within our means, but also wouldn't last long if employment suddenly disappeared. That's not because of bad planning or being shit with money, that's the state of the UK economy right now for a lot of people, but especially impacts families.
Get some empathy.
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Day
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Post by Day on Apr 5, 2024 11:53:33 GMT
On stocks and shares - mine have done really well, over 20% in past year,. But I'm mainly just using the vanguard 80% life strategy fund (80% shares, 20% bonds). I'm not going down the stock picking route... I'm a fairly sophisticated person with some financial market experience (and economics training), but it just feels like pure speculation. Yeah, I've mostly chosen larger companies with the long term in mind, but completely agree, pure speculation on my part. |
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cubby
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Post by cubby on Apr 5, 2024 12:59:07 GMT
I've said it before but I'm all in on vanguard's s&p 500 on uncle Warren's advice. Now that I've done that it's going to tank in an unprecedented manner.
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Post by technoish on Apr 5, 2024 13:08:13 GMT
I've said it before but I'm all in on vanguard's s&p 500 on uncle Warren's advice. Now that I've done that it's going to tank in an unprecedented manner. The Sage definitely has a lot of good things to say! But for a UK investor doesn't that means more subject to pound/dollar exchange rate shifts if you are all in on US stocks? (Buffett does suggest 10-20% in bonds though of the portfolio). |
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gray
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Post by gray on Apr 5, 2024 13:19:43 GMT
On stocks and shares - mine have done really well, over 20% in past year,. But I'm mainly just using the vanguard 80% life strategy fund (80% shares, 20% bonds). I'm not going down the stock picking route... I'm a fairly sophisticated person with some financial market experience (and economics training), but it just feels like pure speculation. I also save some for my kids - my nan randomly without telling me started to transfer £50 a month for each kid into my bank account. I didn't even notice for ages. So I match that and put it my vanguard ISA account in a suitable retirement focused fund for each kid. My main issue with their lifestyle strategy fund was the weight of UK based shares being far too high and in my opinion the fund was far too cautious for someone with 30-40 years of investing ahead of them. I agree with avoiding stock picking though. But I do subscribe to the idea of keeping 10% of your investments for 'fun investing', whether it be crypto or moon shot stocks, and the rest in sensible global index funds. |
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gray
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Post by gray on Apr 5, 2024 13:21:46 GMT
VUAG / VUSA are traded on LSE so no real worry about currency exchange.
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Post by Trowel 🏴 on Apr 5, 2024 13:57:23 GMT
Look at taking advantage of the Lifetime ISA for those who are eligible (18 to 40 years old). Max 4k with an immediate 25% top up on your deposit, which you can keep doing until you're 50 - only downside is you can't withdraw the savings until you're buying a first home or you're 60. www.gov.uk/lifetime-isa |
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Post by technoish on Apr 5, 2024 15:33:44 GMT
Look at taking advantage of the Lifetime ISA for those who are eligible (18 to 40 years old). Max 4k with an immediate 25% top up on your deposit, which you can keep doing until you're 50 - only downside is you can't withdraw the savings until you're buying a first home or you're 60. www.gov.uk/lifetime-isaYes definitely a good idea. |
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Day
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Post by Day on Apr 5, 2024 15:45:49 GMT
I've said it before but I'm all in on vanguard's s&p 500 on uncle Warren's advice. Now that I've done that it's going to tank in an unprecedented manner. Ha, ha, yes, I first thought I'd try some trading back in early 2020 so on advice I bought VUAG, then covid hit and tanked it... I was like WTF, geez, that went well! Anyhow, all good now though. But for a UK investor doesn't that means more subject to pound/dollar exchange rate shifts if you are all in on US stocks? Yeah, for the US stocks we do get exchange rates applied on purchase and any dividend payments, but it's all just sorted into sterling by the platform, you do have to fill in a W-8BEN form to confirm that you aren't a US tax resident before buying any US stocks though. I cant say I noticed the exchange rate that much, the stocks are just either up or down in sterling. I 'm sure it would make a greater difference if I was a serious investor but we're kinda just playing and leaving things longer term. |
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Post by technoish on Apr 5, 2024 16:04:47 GMT
My point on currency was that you are more exposed to fluctuations in exchange rates overall. The stuff in the fund is all dollar denominated, so the value constantly fluctuates with exchange rates. So you are also taking an undiversified bet on a currency that isn't the one you are spending stuff in.
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Day
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Post by Day on Apr 5, 2024 16:12:22 GMT
Ah ok, yeah, completely agree, definitely more risk and yet another factor to consider when buying and selling them.
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Post by Trowel 🏴 on Apr 5, 2024 17:26:23 GMT
My equity investments have mostly been in US listed companies for a few years now, largely just because they're more interesting and I understand their business more than I do most FTSE companies - you just have to factor in the in/out exchange rate as additional trading costs. I've been investing in what feel like obvious long term sector leaders like Amazon, Google, Microsoft, Salesforce, and they've done spectacularly well. Mind you one of my best bets was when I saw Nancy Pelosi and her husband accused of insider trading and decided, if they like Nvidia so much then so do I... up 400% since then  |
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Day
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Post by Day on Apr 5, 2024 17:33:19 GMT
OMG, you got in on Nvidia, you lucky thing. It's been on my watch list for fing ages and I've put off getting it as I was waiting for a drop... then they showed their AI a few weeks back and it shot up further!!! Arrrrr...
Did get in on Adobe before they demoed their AI Generative Fill, so thats been one of my biggest rises.
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Psiloc
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Post by Psiloc on Apr 5, 2024 17:42:05 GMT
I’ve dabbled in day trading before and it wasn’t for me. In the future I plan to invest passively in a set and forget sort of way into an index. Is Vanguard the go to for such a thing?
Also, probably an embarrassingly basic question, but can I sort of set up a regular transfer into an index and just “forget about it” in that sense?
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Post by technoish on Apr 5, 2024 18:18:27 GMT
Yeah, vanguard is known for super cheap index tracking passive funds, which is important for long run (the cheap part) and it is definitely fire and forget. I have it on a monthly payment to help smooth the risk profile (with a single lump sum you could be hit by a drop just after you invest... or of course an increase!). But I do a bit extra now and then, eg end of tax year, if I feel I can.
You can basically just choose a fund, and then let it go for the foreseeable. But remember, it should be long term goals.
You can choose a general account, ISA, or a pension wrapper (which will get you the 20% extra, but is locked up until 55 years old, and then taxes in way out as income).
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Post by stuz359 on Apr 5, 2024 18:19:14 GMT
This thread has descended into the equivalent of a recipe calling for 'left over wine.' WTF is left over wine?
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askew
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Post by askew on Apr 5, 2024 18:57:57 GMT
Any you've not drunk during cooking
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mcmonkeyplc
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General Martok Qapla!
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Post by mcmonkeyplc on Apr 5, 2024 19:32:47 GMT
I'm a beer man. Fuck wine.
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zephro
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Post by zephro on Apr 6, 2024 0:30:42 GMT
Any you've not drunk during cooking You don't buy special booze for during the cooking? Cooking beer is literally the weak session IPAs I drink while swearing loudly at everything in the kitchen. |
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Post by technoish on Apr 9, 2024 17:11:12 GMT
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Post by stixxuk on Apr 9, 2024 18:04:18 GMT
Look at taking advantage of the Lifetime ISA for those who are eligible (18 to 40 years old). Max 4k with an immediate 25% top up on your deposit, which you can keep doing until you're 50 - only downside is you can't withdraw the savings until you're buying a first home or you're 60. www.gov.uk/lifetime-isaGood for saving for a deposit on first home. From what I understand generally after that LISA is good for basic rate taxpayers and SIPP/pension for higher rate. Not 100% though, think it depends a lot on specific circumstance. Think LISA's never get taxed so you can spend as much as you want when you want after 60 whereas pensions you can start to draw down from 55 but it gets taxed like your income would if you were working... Much of a muchness to those of us that are over 40 and never opened a LISA! |
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cubby
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Post by cubby on Apr 20, 2024 20:10:33 GMT
Not sure if this is the best place to discuss this but whatever.
I have a Personal Pension and overall it's costing me just less than 0.5% in fees which is great, but I have 20k+ in my nest pension which imo isn't doing much, so I'd really like that to transfer over to my SIPP, and get that 20k doing more and compounding better.
The one I have an employer can't contribute to, for some reason, so the only thing I can think of is to ask him to stop contributing to the nest pension and instead to up my pay by the equivalent that would equal the (paltry) 3% he contributes.
A) is that a mad request? I have a very good relationship with my boss to the point where he's hinted I'll take over eventually. But I realise that this is not a normal thing to ask in the slightest.
B) how the hell do I figure out what that increase would be? The 3% he currently contributes is after tax which is making the maths hard to get my head around.
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Post by technoish on Apr 21, 2024 1:25:54 GMT
Not sure if this is the best place to discuss this but whatever. I have a Personal Pension and overall it's costing me just less than 0.5% in fees which is great, but I have 20k+ in my nest pension which imo isn't doing much, so I'd really like that to transfer over to my SIPP, and get that 20k doing more and compounding better. The one I have an employer can't contribute to, for some reason, so the only thing I can think of is to ask him to stop contributing to the nest pension and instead to up my pay by the equivalent that would equal the (paltry) 3% he contributes. A) is that a mad request? I have a very good relationship with my boss to the point where he's hinted I'll take over eventually. But I realise that this is not a normal thing to ask in the slightest. B) how the hell do I figure out what that increase would be? The 3% he currently contributes is after tax which is making the maths hard to get my head around. What is he contributing to right now? And what's wrong with that? It would be potentially be quite a lot more expensive, but can't you just use a salary calculator to see what it takes for you to end up with the same amount in your pension? Ie work backwards from what he adds every year now. Why is the 3% after tax? Surely it's before tax. |
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Post by Dougs on Apr 21, 2024 7:37:16 GMT
As much as anything, get some independent financial advice imo.
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dmukgr
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Post by dmukgr on Apr 21, 2024 9:36:39 GMT
Get yourself over to the lemonfool forums - you should get pretty decent advise from those guys.
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Post by Humperfunk on Apr 21, 2024 9:46:23 GMT
Not sure if this is the best place to discuss this but whatever. I have a Personal Pension and overall it's costing me just less than 0.5% in fees which is great, but I have 20k+ in my nest pension which imo isn't doing much, so I'd really like that to transfer over to my SIPP, and get that 20k doing more and compounding better. The one I have an employer can't contribute to, for some reason, so the only thing I can think of is to ask him to stop contributing to the nest pension and instead to up my pay by the equivalent that would equal the (paltry) 3% he contributes. A) is that a mad request? I have a very good relationship with my boss to the point where he's hinted I'll take over eventually. But I realise that this is not a normal thing to ask in the slightest. B) how the hell do I figure out what that increase would be? The 3% he currently contributes is after tax which is making the maths hard to get my head around. Financial adviser here: not a mad request in the slightest and it's a very standard question we suggest a lot of clients who are employees ask of their employer. NEST investment options are shite so if you have your own SIPP, your options are almost guaranteed to be superior. Very surprised it won't receive Employer contributions though, don't think I've ever seen that in 20 years in the industry, might be worth double checking? |
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cubby
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Post by cubby on Apr 21, 2024 10:09:08 GMT
HumperfunkI was surprised too www.vanguardinvestor.co.uk/need-help/answer/who-can-pay-into-my-pension"Your employer can’t make payments into your Vanguard Personal Pension." Glad to hear it's not a suggestion that people haven't made before, at least. The stumbling block is that I think he technically would pay more if I asked for 3% more, as he's currently doing the payments after deductions, probably to save money. I've seen some suggestions on lemonfool that I could transfer the amount on nest but contributions can't go in during the transfer period. I might check out that option.
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Post by Chopsen on Apr 21, 2024 10:12:23 GMT
Just open a sipp with a provider that allows employer contributions then isn't it?
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cubby
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Post by cubby on Apr 21, 2024 10:12:48 GMT
Why is the 3% after tax? Surely it's before tax. I don't know why it is but after doing the sums it must be. The tax relief is being added on by Nest which wouldn't need to happen if it was gross. |
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cubby
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Post by cubby on Apr 21, 2024 10:16:13 GMT
Just open a sipp with a provider that allows employer contributions then isn't it? I've thought about it, but I'll probably talk to my boss before I go through that hassle as he might not even entertain the idea of paying to a different provider than all the other employees anyway. |
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