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FTSE 100 closes at an all time high 6949
Comments
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I've been mucking about with this method -
Pick funds based on their performance/charges/risk.
Review every six months, if they've dropped below a 5 star rating consider lumping onto something else.
Use Fidelity via Cavendish. Charges are low and can be monitored, switched, closed online with ease
Completely unscientific, reactive and drew a rebuke from my financial advisor, but has turned over a good return.
It's all a gamble, but if you can ride out losses and can hold on from the long term the risk balances itself out.0 -
Yes it does!newyorkaddick said:
The FTSE 100 has indeed risen a lot (as have all developed equity markets) but it remains relatively 'underowned' by institutional investors and is one of the cheapest markets in the world.lolwray said:
yeah thanks appreciate this site isnt FCA regulated ! probably take out the money and buy some magic beans with half of it to hedge my bets !Covered End said:
You shouldn't take financial advice from here, but personally I'd be looking into withdrawing some.lolwray said:so if you had an equity based pension fund and you satisfied the age criteria ...would you take as much cash out now or let it devalue when the market recedes which i am almost certain it will do ,if not now in next 12 months ?
You also need to look at the tax implications. There's no point making an extra 10% due to stock market levels if you get punished with 20% or 40% tax.
Personally, I'm very surprised the UK market is rising as I thought it would start to fall with the election uncertainty.
I still think it will, especially the stronger Labour look.
However, you can never be sure. Sometimes it's a good idea to hedge your bets.
This of course does not constitute investment advice.
Anyway, it doesn't matter - unless you are providing investment advice by way of business. You're not are you?1 -
I can assure you that giving factual information about a generic asset class does not constitute investment advice.cafcfan said:
Yes it does!newyorkaddick said:
The FTSE 100 has indeed risen a lot (as have all developed equity markets) but it remains relatively 'underowned' by institutional investors and is one of the cheapest markets in the world.lolwray said:
yeah thanks appreciate this site isnt FCA regulated ! probably take out the money and buy some magic beans with half of it to hedge my bets !Covered End said:
You shouldn't take financial advice from here, but personally I'd be looking into withdrawing some.lolwray said:so if you had an equity based pension fund and you satisfied the age criteria ...would you take as much cash out now or let it devalue when the market recedes which i am almost certain it will do ,if not now in next 12 months ?
You also need to look at the tax implications. There's no point making an extra 10% due to stock market levels if you get punished with 20% or 40% tax.
Personally, I'm very surprised the UK market is rising as I thought it would start to fall with the election uncertainty.
I still think it will, especially the stronger Labour look.
However, you can never be sure. Sometimes it's a good idea to hedge your bets.
This of course does not constitute investment advice.
Anyway, it doesn't matter - unless you are providing investment advice by way of business. You're not are you?
Either way, no I'm not an investment adviser.0 -
I have standard life shares they tend to peg the stock market ups and downs, doing well at the mo altho dropped back a bit0
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Ahh, I assumed you were extolling the virtues of a FTSE100 CFDnewyorkaddick said:
I can assure you that giving factual information about a generic asset class does not constitute investment advice.cafcfan said:
Yes it does!newyorkaddick said:
The FTSE 100 has indeed risen a lot (as have all developed equity markets) but it remains relatively 'underowned' by institutional investors and is one of the cheapest markets in the world.lolwray said:
yeah thanks appreciate this site isnt FCA regulated ! probably take out the money and buy some magic beans with half of it to hedge my bets !Covered End said:
You shouldn't take financial advice from here, but personally I'd be looking into withdrawing some.lolwray said:so if you had an equity based pension fund and you satisfied the age criteria ...would you take as much cash out now or let it devalue when the market recedes which i am almost certain it will do ,if not now in next 12 months ?
You also need to look at the tax implications. There's no point making an extra 10% due to stock market levels if you get punished with 20% or 40% tax.
Personally, I'm very surprised the UK market is rising as I thought it would start to fall with the election uncertainty.
I still think it will, especially the stronger Labour look.
However, you can never be sure. Sometimes it's a good idea to hedge your bets.
This of course does not constitute investment advice.
Anyway, it doesn't matter - unless you are providing investment advice by way of business. You're not are you?
Either way, no I'm not an investment adviser.
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