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Post by staffordshrew on Jan 5, 2021 22:49:28 GMT 1
Interested in all your thoughts on savings/pensions/stocks ... I do the workplace pension to the maximum matched by my employer. I've recently started a Stocks & Shares ISA buying the Bailie Gifford American B Fund. What are your thoughts on strong dividend stocks? I see some paying a good 6-7%. I'm under 30 and really trying to have a diverse portfolio of investments as I don't trust the state is going to be much help to me come 65/70. Be interested in your thoughts. For a good dividend, I might go for GlaxoSmithKline in a LISA/ISA (5.82%).
A personal favourite of mine is Acorn Income Fund.
Not a big divi payer, but been been a good share for me over the years is 3I, I got back in a few months and 35% lower price ago. Maybe too late to get into that one now.
I never do Unit Trusts because they suspend trading in times of turmoil - I might still want to sell if the markets down 20% if I am still sitting on a profit and you can with Investment Trusts and shares. Unit Trust fees usually higher too.
Why didn't I do Tesla? 700% up last year apparently and perhaps wasn't as much of a lucky dip as crypto?
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Post by martinshrew on Jan 6, 2021 11:33:47 GMT 1
Interested in all your thoughts on savings/pensions/stocks ... I do the workplace pension to the maximum matched by my employer. I've recently started a Stocks & Shares ISA buying the Bailie Gifford American B Fund. What are your thoughts on strong dividend stocks? I see some paying a good 6-7%. I'm under 30 and really trying to have a diverse portfolio of investments as I don't trust the state is going to be much help to me come 65/70. Be interested in your thoughts. I have no comment to give on your selection of investments but have you considered holding them in a more advantageous tax wrapper? You can claim additional tax relief and select your own investments by opening a SIPP to run alongside your workplace pension which you can manage yourself. Or similarly a Lifetime ISA for a 25% bonus on annual contributions up to £4000 (accessible without penalty at 60). If your objective is to save for retirement it seems daft to forego any “free” money that is on offer first and foremost. I'm certainly having a look at these options. I guess 25% free isn't to be knocked, what are your thoughts overall on the LISA? I'm going to look at the SIPP as I have a reasonable idea on stocks I'd like to invest in. The main benefit of the SIPP being tax effective and picking your own stocks/funds? |
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Post by blazey on Jan 6, 2021 12:53:15 GMT 1
I have no comment to give on your selection of investments but have you considered holding them in a more advantageous tax wrapper? You can claim additional tax relief and select your own investments by opening a SIPP to run alongside your workplace pension which you can manage yourself. Or similarly a Lifetime ISA for a 25% bonus on annual contributions up to £4000 (accessible without penalty at 60). If your objective is to save for retirement it seems daft to forego any “free” money that is on offer first and foremost. I'm certainly having a look at these options. I guess 25% free isn't to be knocked, what are your thoughts overall on the LISA? I'm going to look at the SIPP as I have a reasonable idea on stocks I'd like to invest in. The main benefit of the SIPP being tax effective and picking your own stocks/funds? Ultimately it it all depends on your objectives. It sounds like you are investing in order to provide income in retirement, so it would make sense to use a tax wrapper that has this in mind. At this stage, it is more important to ensure you are making adequate contributions as these will likely grow your pot quicker than investment growth when you are starting out (the power of compound interest should gradually take over given time). If you are already familiar with using a S&S ISA then you will have no problem running a SIPP or S&S LISA. The only difference is that 6-8 weeks after making a contribution, HMRC will add the tax relief/bonus into the account as cash which you can invest as you wish. Any contributions into a SIPP will not be accessible until you reach the minimum pension age (it will be at least 58 for you if you are in your early 30s now). You can make early withdrawals from a LISA, which makes it a bit more flexible, but there is a penalty charge (effectively you lose the bonus element), you will be able to access the LISA in full, tax free, at age 60 (you can also use it if you are a first time buyer for a qualifying property but that’s a different story....) As ever, do your own research before making a commitment as the best choice really is down to your individual circumstances and objectives. |
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Post by martinshrew on Jan 6, 2021 15:03:41 GMT 1
I'm certainly having a look at these options. I guess 25% free isn't to be knocked, what are your thoughts overall on the LISA? I'm going to look at the SIPP as I have a reasonable idea on stocks I'd like to invest in. The main benefit of the SIPP being tax effective and picking your own stocks/funds? Ultimately it it all depends on your objectives. It sounds like you are investing in order to provide income in retirement, so it would make sense to use a tax wrapper that has this in mind. At this stage, it is more important to ensure you are making adequate contributions as these will likely grow your pot quicker than investment growth when you are starting out (the power of compound interest should gradually take over given time). If you are already familiar with using a S&S ISA then you will have no problem running a SIPP or S&S LISA. The only difference is that 6-8 weeks after making a contribution, HMRC will add the tax relief/bonus into the account as cash which you can invest as you wish. Any contributions into a SIPP will not be accessible until you reach the minimum pension age (it will be at least 58 for you if you are in your early 30s now). You can make early withdrawals from a LISA, which makes it a bit more flexible, but there is a penalty charge (effectively you lose the bonus element), you will be able to access the LISA in full, tax free, at age 60 (you can also use it if you are a first time buyer for a qualifying property but that’s a different story....) As ever, do your own research before making a commitment as the best choice really is down to your individual circumstances and objectives. I didn't know you could take a LISA in full tax free at 60, that's very interesting. I think you can save something like £4000 per year can't you? Thanks for the opinions and advice, I'll be researching some suggested funds & shares also. |
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Post by blazey on Jan 6, 2021 20:57:03 GMT 1
I didn't know you could take a LISA in full tax free at 60, that's very interesting. I think you can save something like £4000 per year can't you? Thanks for the opinions and advice, I'll be researching some suggested funds & shares also. In common with all other types of ISA, you don’t pay tax on any interest, dividends or capital gains within the LISA. The current annual allowance is £4000, so there is a maximum bonus of £1000 per year on top of that. Happy to help! |
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Post by Pilch on Jan 6, 2021 21:23:22 GMT 1
is anyone else hoping bitcoin crashes badly just for the sake of this thread, oh and so us who missed it can get some cheap ;-)
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Post by lenny on Jan 6, 2021 22:44:09 GMT 1
Ultimately it it all depends on your objectives. It sounds like you are investing in order to provide income in retirement, so it would make sense to use a tax wrapper that has this in mind. At this stage, it is more important to ensure you are making adequate contributions as these will likely grow your pot quicker than investment growth when you are starting out (the power of compound interest should gradually take over given time). If you are already familiar with using a S&S ISA then you will have no problem running a SIPP or S&S LISA. The only difference is that 6-8 weeks after making a contribution, HMRC will add the tax relief/bonus into the account as cash which you can invest as you wish. Any contributions into a SIPP will not be accessible until you reach the minimum pension age (it will be at least 58 for you if you are in your early 30s now). You can make early withdrawals from a LISA, which makes it a bit more flexible, but there is a penalty charge (effectively you lose the bonus element), you will be able to access the LISA in full, tax free, at age 60 (you can also use it if you are a first time buyer for a qualifying property but that’s a different story....) As ever, do your own research before making a commitment as the best choice really is down to your individual circumstances and objectives. I didn't know you could take a LISA in full tax free at 60, that's very interesting. I think you can save something like £4000 per year can't you? Thanks for the opinions and advice, I'll be researching some suggested funds & shares also. Yep £4000 a year until you turn 40. Slightly pernickety point, but the 25% charge for withdrawals not for buying a qualifying first home or after you turn 60 is actually in effect a 6.25% penalty (e.g. invest £100, get a £25 bonus, then get penalised 25% of £125, i.e. £31.25 for withdrawing) so it is best to make sure that it's a pot you're unlikely to need to touch and you've got a separate "rainy day" pot. During the pandemic it has been temporarily reduced to a 20% penalty which means you forego the bonus, but that isn't a permanent state of affairs. |
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Post by martinshrew on Jan 6, 2021 22:46:59 GMT 1
I didn't know you could take a LISA in full tax free at 60, that's very interesting. I think you can save something like £4000 per year can't you? Thanks for the opinions and advice, I'll be researching some suggested funds & shares also. Yep £4000 a year until you turn 40. Slightly pernickety point, but the 25% charge for withdrawals not for buying a qualifying first home or after you turn 60 is actually in effect a 6.25% penalty (e.g. invest £100, get a £25 bonus, then get penalised 25% of £125, i.e. £31.25 for withdrawing) so it is best to make sure that it's a pot you're unlikely to need to touch and you've got a separate "rainy day" pot. During the pandemic it has been temporarily reduced to a 20% penalty which means you forego the bonus, but that isn't a permanent state of affairs. You can only put into it until you're 40? Interesting, that probably changes things a bit though suppose just plough what you can in makes sense if you won't be touching it. |
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Post by Valerioch on Jan 6, 2021 23:53:59 GMT 1
Yep £4000 a year until you turn 40. Slightly pernickety point, but the 25% charge for withdrawals not for buying a qualifying first home or after you turn 60 is actually in effect a 6.25% penalty (e.g. invest £100, get a £25 bonus, then get penalised 25% of £125, i.e. £31.25 for withdrawing) so it is best to make sure that it's a pot you're unlikely to need to touch and you've got a separate "rainy day" pot. During the pandemic it has been temporarily reduced to a 20% penalty which means you forego the bonus, but that isn't a permanent state of affairs. You can only put into it until you're 40? Interesting, that probably changes things a bit though suppose just plough what you can in makes sense if you won't be touching it. You can pay in to a LISA up until you are 50, providing you have opened the LISA before you turn 40 |
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Post by Valerioch on Jan 6, 2021 23:56:22 GMT 1
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Post by PeterBroadbent on Jan 7, 2021 12:32:09 GMT 1
is anyone else hoping bitcoin crashes badly just for the sake of this thread, oh and so us who missed it can get some cheap ;-) Steady on Pilch!! As I recall, BarryNic's inviting us all into his Private Box, acquired with his profits!! But the trend does appear to still be upwards lol! |
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lynch
Midland League Division Two
Posts: 211
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Post by lynch on Jan 7, 2021 15:37:33 GMT 1
Today the total Crypto market cap reaches $1tn.
Allot of investment in crypto businesses; .com boom was 20 years early. Maybe the amount invested doesn’t match the practical applications. Maybe blockchain is future of FS.
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Post by martinshrew on Jan 7, 2021 17:25:44 GMT 1
Bitcoin close to $40,000 ... I'd imagine they'll be a hefty sell off at this point!
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Post by PeterBroadbent on Jan 7, 2021 17:36:46 GMT 1
Bitcoin close to $40,000 ... I'd imagine they'll be a hefty sell off at this point! Nah... I'm buying :-) |
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Post by martinshrew on Jan 7, 2021 18:01:38 GMT 1
The fact a Bitcoin was $5,000 in April might see plenty take near 8x profit, at least on some of their investments.
If you've bought sub $5,000 you're laughing. I'm still heavily invested on Ripple sub $0.10.
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Post by PeterBroadbent on Jan 7, 2021 19:36:07 GMT 1
Some fascinating behavioural psychology in action in this thread, you can practically see the tumbleweed between the posts when the price has crashed, then can’t move for smuggery when it hits a new high   The best investment most people will make is into a decent workplace pension, something simple and cheap that you will pay in to over the long term and not be tempted to bugger around with. There’s no need to be tinkering around with complex, volatile and potentially illiquid financial instruments that don’t pay out dividends, rent, interest etc. Enjoy your gamble on Bitcoin and please share your (selective) experiences with us here if you must, but please don’t pretend that it is really anything more than a punt! Oh the tumbleweed! |
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Post by andygroundo on Jan 11, 2021 17:56:23 GMT 1
is anyone else hoping bitcoin crashes badly just for the sake of this thread, oh and so us who missed it can get some cheap ;-) Buy the dip 😉 |
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Post by martinshrew on Jan 11, 2021 17:57:43 GMT 1
Big drop today!
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Post by Pilch on Jan 11, 2021 18:10:57 GMT 1
i started investing in whisky, if all else fails i'll drink it ;-) my investments are still liquid ;-) |
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Post by frankwellshrews on Jan 11, 2021 18:12:11 GMT 1
Isn't this pretty much what always happens? As alluded to in my comment earlier in the thread. The whales sell off and take all the real cash from the exchanges. The next stage is "normies" start to panic sell and before you know it, no cash left because most of the tether pumped into the system to raise the price is meaningless monopoly money so exchanges start to get mysteriously hacked (or the CEO disappears in India with the private keys) to stop people asking uncomfortable questions. |
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Post by martinshrew on Jan 11, 2021 21:26:45 GMT 1
Isn't this pretty much what always happens? As alluded to in my comment earlier in the thread. The whales sell off and take all the real cash from the exchanges. The next stage is "normies" start to panic sell and before you know it, no cash left because most of the tether pumped into the system to raise the price is meaningless monopoly money so exchanges start to get mysteriously hacked (or the CEO disappears in India with the private keys) to stop people asking uncomfortable questions. Your tone suggests you're telling me that rather than questioning or asking, or taking interest. You seem to keep contributing, I think you're secretly interested on the sly |
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Post by Pilch on Jan 11, 2021 22:21:45 GMT 1
i'm still staying clear of bitcoin, good luck to those on top of this
i'll stick to my whisky, its more fun
out of interest if anyone has any old unopened bottles they want to sell/ give away ;-)l let me know
and if anyone has recently bought a glenfiddich fire & cane from the likes of sainsburys, and it came in a 'tube' i'll offer you £5 for the tube, it wasnt available when i got mine and dont want to pay for another bottle just to get the tube
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Post by staffordshrew on Jan 13, 2021 23:05:11 GMT 1
Don't forget your password! |
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Post by Pilch on Jan 13, 2021 23:20:16 GMT 1
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Post by martinshrew on Jan 14, 2021 0:07:52 GMT 1
Don't forget your password! You'd be devastated. Always write down your recovery keys. |
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Post by frankwellshrews on Jan 20, 2021 1:35:40 GMT 1
I see tether are really looking like they're in a spot of hot water now. Good time to cash in your bitcoin?
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Post by andygroundo on Jan 20, 2021 8:00:59 GMT 1
I see tether are really looking like they're in a spot of hot water now. Good time to cash in your bitcoin? Not me. Tether has nothing to do with the price of Bitcoin. A report from UC Berkeley last year concluded that Tether minting is entirely uncorrelated with Bitcoin’s price. The argument has always been that Tether is printed out of thin air to pump Bitcoin. This is rubbish as Tethers are minted after Bitcoin price crashes as well as before Bitcoin rises. |
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Post by sheltonsalopian on Jan 20, 2021 9:52:54 GMT 1
www.bbc.co.uk/news/technology-48853230My concern with Crypto has and always been the energy needed to create and maintain it. There's a huge amount of electronic waste and energy needed to power computers going at it full pelt all day every day. Think one bitcoin transaction uses 1000x more energy then just a debit card transaction - how is that going to be sustainable?
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Post by martinshrew on Jan 20, 2021 10:23:47 GMT 1
It's going to be a very interesting yearly. I'm particularly focused on Ripples can with the SEC, though UK & Japan amongst others have already said it's not a security. I can see a huge boost for XRP if the cases is positive.
Be interesting from today also as lots of exchanges have suspended XRP trading, supply & demand could come into effect thus pushing XRP upwards, we'll see.
Sit back and enjoy the ride!
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Post by andygroundo on Jan 31, 2021 15:19:22 GMT 1
Ripple XRP is set for a huge bull run depending on the court proceedings, we shall see. 👍😉 |
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