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Right I've just updated my work pension plan put a few more % in the pot monthly it's performed better than I remembered.
I have the opportunity to add a one off amount to it from my own money is that a good idea to chuck in a few qiud that's earnings no interest in the bank?
Or use that money to set up a H/L fund or similar.
if you chuck money in manually you get 20% of it instantly added and can claim an additional 20/25/40% back through a tax return. Bare in mind you cant get the money back out until retirement age.
If anyone has a lump sum and are wondering what to do with it read on. Over the past few years i've been using The Wealth Club funds portfolio and have had some pretty good returns which do seem to be continuing.
lolz at the Funds vs DYOR. Maybe both so you don't pick a Woodford fund?
I only started investing "seriously" during Covid and picked a few winners with 10's or even100's times % gains (inc Crytpo/Blockchain). Things looked good, I thought I had won the market. Then things crashed and if I'd put it all in funds at the start I'd be better off right now.
Why on earth would letting some random fund manager do it be safer? Have your never heard of Woodford?
Yes a good example of how it can go wrong, although people didn't loose everything, just took a bit of a hit on his main fund.
A good reminder to not put all your eggs in one basket - split your money between a small number of diversified funds or trackers.
I only started investing “seriously” during Covid and picked a few winners with 10’s or even100’s times % gains (inc Crytpo/Blockchain). Things looked good, I thought I had won the market. Then things crashed and if I’d put it all in funds at the start I’d be better off right now.
You're confusing short term speculating with investing! You won't know if you've 'won' till you retire in 20-30 years time and then you'll see how well you've done.....
Well, this has been an interesting insight into the psychology of the collective. A whole world of opportunity out there and folks just want to buy a world index tracker and forget about it for 30 years - clearly we not singing off the same hymn sheet, nor even in the same church. I'll go back into my box now, goodbye and good luck!
A good reminder to not put all your eggs in one basket – split your money between a small number of diversified funds or trackers.
put it into lots of funds and you reduce risk, but also reward - as the chances are you're covering more and more of the market until you might as well just use a tracker (at lower cost)
Hey Jamz, I'm always interested in different methods of investing and as this is the investment thread your opinion and approach is as valid as anyone elses.
Perhaps if you didn't start your post with "what a load of rubbish" and then spit the dummy when people prefer a different approach you might get a better response.
Well, this has been an interesting insight into the psychology of the collective. A whole world of opportunity out there and folks just want to buy a world index tracker and forget about it for 30 years – clearly we not singing off the same hymn sheet, nor even in the same church. I’ll go back into my box now, goodbye and good luck!
More chkn tendies and lamboz for you then! See you on the moon 😀
Most people don't want to do their own research. Who's going to be better at research, me (an idiot) or someone who's job it is and is inevitably much smarter and clued up than me?
That's not to say I'd avoid picking individual stocks, but I do it on the basis that it's pure luck rather than knowledge. But picking FTSE 100 companies isn't exactly wild speculation. You'd be very unlucky to lose all your money.
Well said @Jamz, but also people are different points in their lives and people have different attitudes to risk.
I worship at the alter of 'fortune favours the bold'.....some losses but also some decent gains across most of the areas that i'm invested in.
I do it on the basis that it’s pure luck rather than knowledge.
That's the same basis everyone picks on, professionals included.
Well, this has been an interesting insight into the psychology of the collective.
Any analysis of investment strategies is indeed an interesting insight into psychology, most especially confirmation bias.
A good reminder to not put all your eggs in one basket
I have 50% of my pension in an HL SIPP with BG, 25% in a Vanguard SIPP split over 2 Retirement funds, and 25% in NS&I split between Premium bonds & Savings Bonds. Yes its "safe"-ish but I am risk averse in nature. I do have another Peoples Pension pot started by my new employer but not much in that yet 🙂
But picking FTSE 100 companies isn’t exactly wild speculation. You’d be very unlucky to lose all your money.
I give you:
The Hut Group
Darktrace
Cineworld
ASOS
Boohoo
Not quite all of it, but it still smarts a bit 😉
😆 I think I've only had one pick tank all the way to zero and that was game group well over 10 years ago. I think it had fallen so far it was barely worth selling so I just left it until it disappeared 🤦
I tend to stick it in funds these days. Lower fees being one key factor.
Lower fees being one key factor.
Lower fees are a massive factor, cumulatively.
think I’ve only had one pick tank all the way to zero
INTU, erstwhile owners of the trafford Centre. I bought 13 thousand of their shares on the way down.
Still sat there in my ISA with a big fat -100% ticker sat next to them 😁 £0.00
I almost bought Northern Rock shares thinking no government will let a bank fold in the 21st Century - luckily I never got round to it!
Does anyone on the thread have a financial adviser? Anyone they would recommend?
Ta
i have a mate who is a FA, back in march before the RUSvUKr i was up 30-35% on everything (mainly ftse100), except his "smaller co Trust" down 15% . ;0)
Thanks for the link, it looks interesting and I'll have a read.
I'd like some advice on what to do with my assets. I am approaching middle age and have a decent job but don't really know what to do with savings, pension, company stocks etc.
This thread is slightly amusing in that people who spend £3-4k on bikes, or £500 on lighter wheels are worried about investing £100 a month or £2k long term in a managed fund.
It's like a mild form of cognitive dissonance 🤔
EDIT: I'm not having a dig at anyone. I just find it a bit strange.
We all get slightly worried about the viability of long term investments yet we think we have more certainty over the short term stuff. Most of it is an illusion as we can't control any of it.
This thread is slightly amusing in that people who spend £3-4k on bikes, or £500 on lighter wheels are worried about investing £100 a month or £2k long term in a managed fund.
I know what I'm getting with a bike, Stocks & shares I'm less knowledgeable about. Not everyone is as astute so they come to places like this to ask pertinent questions.
Edit: posted before your second para.
Long term investing is a worry. Also, chucking loads into a pension so you can retire early is great but what if you get really ill, or even die before you can claim it?
You need a balanced approach to risk, savings, pensions etc but you also need to enjoy life too
You need a balanced approach to risk, savings, pensions etc but you also need to enjoy life too
This is exactly what I think I do, ensure we currently have a decent lifestyle, the kids have decent opportunities as they grow but me and Mrs K won't have to sit in two armchairs rotting away and not enjoying life when we retire, because we can't afford to go out or sip a decent glass of <insert favourite beverage here>.
I finally sorted my pension out. With my contribution now at 7% and my employers at 5% via salary sacrifice I’m £80 a month worse off but saving an extra £240 a month free money into my pension. A big win, and good advice thanks.
Also, Bailee Gifford seems to be on the way back up, didn’t someone pile a load into it a few months ago? Must have seen some good returns. Stock are on the way down again, I have £700 of saved new bike money I don’t need immediately that’ll go into the S&P500 via Vanguard this afternoon.
I have £700 of saved new bike money I don’t need
That's the first time anyone on here has said that 😜
...
Has the Freetrade app stopped working for anyone else today?
Just sound checking something against the Hive mind:
Have opened the toddler a Junior ISA with Hargreaves Lansdown, opened with £100 put the money into a L&G accumulation fund, then make £50 per month contributions to it, seems most funds have a minimum £100 buy, so when had another £100 choose a HL accumulation fund.
I'm thinking if I pick a variety of funds of varying risks and then some specific shares when I can, it'll be quite diversified and shouldn't all be worth knowing when the child is 18? Also accumulation is the right way to go over income? I assume income just puts money into the Junior ISA to be invested since nothing can be withdrawn till age of 18?
One thing to beware of with a children’s ISA is that you’re irreversibly giving the money to someone who may well grow up into someone that you would not wish to give the money to when they’re 18.
Having said that, for a child, especially when starting out, I’d put all of it into a passive world tracker fund, accumulating, with a low management fee.
HL tend to charge fees.
I'd open the ISA on invest engine for example, and then just pick a low fee global ETF such as vanguards VWRP for example.
opened with £100 put the money into a L&G accumulation fund,
I'd suggest avoiding L&G like the plague. My work pension is with these ****ers. I've been paying into it for eight years and it's up something shit like 20%>>>> which is abominable.
Admittedly I've been paying in much more recently than I did eight years ago but 20% is an absolute pisstake.
I'm currently going through the maze of transferring as much as I can into my other funds which actually accumulate