Question - am I right in saying that as a basic rate tax payer with the ‘normal’ tax free allowance of £12,570 that I am allowed to earn a further £1,000 per tax year in interest without having to pay tax on it?
Large, haven't you got a family member involved with the financial industry?
Even though I’ve insisted on having a decent exposure to Europe despite constant naysaying from British- based analysts and commentators I was genuinely taken aback by that. I didnt realise the DAX was level-pegging the French index either. It doesn’t get talked about in media at all!
I suppose it might be a reflection of the odd makeup of the FTSE100 over this period, heavy on old energy and light on tech. Curious how those closer to markets explain it.
Really need to compare total returns to get apples for apples. The story will be directionally the same but the FTSE will look better than the above comparison. I think the S&P and Dax are up at least 9% annually over the last ten years and the FTSE 5%. Over a longer period, the FTSE is about 7%, similar to the CAC40.
(Note that DAX is a total return index already, the CAC40 and FTSE 100 aren't. So there is a CAC Dividend index and a FTSE Total Return Index. The DJ is peculiar, in that it is price weighted, so not comparable at all.
I was drinking with an ex-asset manager over the weekend and he says he is sticking with FTSE 250 as he can't understand at all why it is so undervalued and thinks that at some point it will wake up. However, the ludicrous LDI rules introduced after the financial crisis aren't helping, helping to drive UK pension fund holdings in UK stocks down to 3% right now.
No. For some reason @PragueAddicknever likes dividends. With dividends reinvested, index linked funds are up something like 70%. I have no idea what level of dividends Euro funds pay.
I say, a tad unfair there, old chap. It's true that I tend to forget about factoring them in when comparing, equity funds etc, but in the last 2-3 years I realised I had to think more about income from my investments, not least thanks to nudging from various posters on here. I now have a small stock portfolio, all of which were selected for their dividend potential. The interesting thing is that while the UK stocks I selected are mixed, to put it mildly, in terms of capital appreciation, or even retention, the three European stocks ( Swiss Re, Volvo AB (trucks not cars) and Novo Nordisk) are up 24%, 44% and (look away now) 144% respectively in the just over two years I've owned them all; and I bought them for their dividends of 3-5% which they have delivered. My UK stocks are much more mixed. Look, I just got lucky with those Eurostocks, but Eurostocks pay solid dividends in line with sector, of course they do, its Nasdaq companies that don't.
Yes probably a tad unfair. Certainly also true that UK equity markets have underperformed by most measures compared to most others. However I always get annoyed when people just compare movement in indices over a period of time without taking account of income. It is only half the story.
No. For some reason @PragueAddicknever likes dividends. With dividends reinvested, index linked funds are up something like 70%. I have no idea what level of dividends Euro funds pay.
I say, a tad unfair there, old chap. It's true that I tend to forget about factoring them in when comparing, equity funds etc, but in the last 2-3 years I realised I had to think more about income from my investments, not least thanks to nudging from various posters on here. I now have a small stock portfolio, all of which were selected for their dividend potential. The interesting thing is that while the UK stocks I selected are mixed, to put it mildly, in terms of capital appreciation, or even retention, the three European stocks ( Swiss Re, Volvo AB (trucks not cars) and Novo Nordisk) are up 24%, 44% and (look away now) 144% respectively in the just over two years I've owned them all; and I bought them for their dividends of 3-5% which they have delivered. My UK stocks are much more mixed. Look, I just got lucky with those Eurostocks, but Eurostocks pay solid dividends in line with sector, of course they do, its Nasdaq companies that don't.
Yes probably a tad unfair. Certainly also true that UK equity markets have underperformed by most measures compared to most others. However I always get annoyed when people just compare movement in indices over a period of time without taking account of income. It is only half the story.
@WishIdStayedinthePub has pointed out that there is no consistency across the indices when it comes to this so how are income-ignorant punters like me supposed to make that evaluation? While I’m at it, why can’t a platform like H-L show % change on shares held inclusive of dividends? Trustnet doesn’t do it either.
No. For some reason @PragueAddicknever likes dividends. With dividends reinvested, index linked funds are up something like 70%. I have no idea what level of dividends Euro funds pay.
I say, a tad unfair there, old chap. It's true that I tend to forget about factoring them in when comparing, equity funds etc, but in the last 2-3 years I realised I had to think more about income from my investments, not least thanks to nudging from various posters on here. I now have a small stock portfolio, all of which were selected for their dividend potential. The interesting thing is that while the UK stocks I selected are mixed, to put it mildly, in terms of capital appreciation, or even retention, the three European stocks ( Swiss Re, Volvo AB (trucks not cars) and Novo Nordisk) are up 24%, 44% and (look away now) 144% respectively in the just over two years I've owned them all; and I bought them for their dividends of 3-5% which they have delivered. My UK stocks are much more mixed. Look, I just got lucky with those Eurostocks, but Eurostocks pay solid dividends in line with sector, of course they do, its Nasdaq companies that don't.
Yes probably a tad unfair. Certainly also true that UK equity markets have underperformed by most measures compared to most others. However I always get annoyed when people just compare movement in indices over a period of time without taking account of income. It is only half the story.
@WishIdStayedinthePub has pointed out that there is no consistency across the indices when it comes to this so how are income-ignorant punters like me supposed to make that evaluation? While I’m at it, why can’t a platform like H-L show % change on shares held inclusive of dividends? Trustnet doesn’t do it either.
Depends whether you DRIP or not.
On Vanguard they show me capital change and also dividends received if income fund, if accumulation fund that's dealt with in the price per unit.
So for instance my FTSE100 tracker has gone from paid in of £79k to current value of £86k (with another £4.4k taken as profit) and dividends/income of just under £6k (since June 2022).
So overall my £79k has returned nearly £17.5k (22%)
The yield on a typical UK equity fund is around 2% so nothing to write home about. On an UK Equity Income fund it's just over 3%.
The UK has always been a bigger dividend payer with many US & European funds paying less than 1% yield. Back in the 80's & 90's Japanese Companies didn't pay dividends but instead ploughed their profits back into the Company by way of "Research & Development".....hence why the big tech firms that sprung out of Japan were much more innovative than UK ones (think Toshiba v Amstrad)
No. For some reason @PragueAddicknever likes dividends. With dividends reinvested, index linked funds are up something like 70%. I have no idea what level of dividends Euro funds pay.
I say, a tad unfair there, old chap. It's true that I tend to forget about factoring them in when comparing, equity funds etc, but in the last 2-3 years I realised I had to think more about income from my investments, not least thanks to nudging from various posters on here. I now have a small stock portfolio, all of which were selected for their dividend potential. The interesting thing is that while the UK stocks I selected are mixed, to put it mildly, in terms of capital appreciation, or even retention, the three European stocks ( Swiss Re, Volvo AB (trucks not cars) and Novo Nordisk) are up 24%, 44% and (look away now) 144% respectively in the just over two years I've owned them all; and I bought them for their dividends of 3-5% which they have delivered. My UK stocks are much more mixed. Look, I just got lucky with those Eurostocks, but Eurostocks pay solid dividends in line with sector, of course they do, its Nasdaq companies that don't.
Yes probably a tad unfair. Certainly also true that UK equity markets have underperformed by most measures compared to most others. However I always get annoyed when people just compare movement in indices over a period of time without taking account of income. It is only half the story.
@WishIdStayedinthePub has pointed out that there is no consistency across the indices when it comes to this so how are income-ignorant punters like me supposed to make that evaluation? While I’m at it, why can’t a platform like H-L show % change on shares held inclusive of dividends? Trustnet doesn’t do it either.
Depends whether you DRIP or not.
On Vanguard they show me capital change and also dividends received if income fund, if accumulation fund that's dealt with in the price per unit.
So for instance my FTSE100 tracker has gone from paid in of £79k to current value of £86k (with another £4.4k taken as profit) and dividends/income of just under £6k (since June 2022).
So overall my £79k has returned nearly £17.5k (22%)
Why would a drip purchase strategy have anything to do with it?. Actually Degiro, which I use for euro based investments, does; I only noticed last night. But H-L simply does not, just as It doesn’t allow to track the performance of an overall portfolio over time.
There was an article in the FT a few days ago keyed up as H-L the dinosaur facing threats from more nimble rivals. But when I read it, and reader comments, none of these rivals stood out as a choice worth moving to.
Never was so much money taken by so many, for so little added value.
No. For some reason @PragueAddicknever likes dividends. With dividends reinvested, index linked funds are up something like 70%. I have no idea what level of dividends Euro funds pay.
I say, a tad unfair there, old chap. It's true that I tend to forget about factoring them in when comparing, equity funds etc, but in the last 2-3 years I realised I had to think more about income from my investments, not least thanks to nudging from various posters on here. I now have a small stock portfolio, all of which were selected for their dividend potential. The interesting thing is that while the UK stocks I selected are mixed, to put it mildly, in terms of capital appreciation, or even retention, the three European stocks ( Swiss Re, Volvo AB (trucks not cars) and Novo Nordisk) are up 24%, 44% and (look away now) 144% respectively in the just over two years I've owned them all; and I bought them for their dividends of 3-5% which they have delivered. My UK stocks are much more mixed. Look, I just got lucky with those Eurostocks, but Eurostocks pay solid dividends in line with sector, of course they do, its Nasdaq companies that don't.
Yes probably a tad unfair. Certainly also true that UK equity markets have underperformed by most measures compared to most others. However I always get annoyed when people just compare movement in indices over a period of time without taking account of income. It is only half the story.
@WishIdStayedinthePub has pointed out that there is no consistency across the indices when it comes to this so how are income-ignorant punters like me supposed to make that evaluation? While I’m at it, why can’t a platform like H-L show % change on shares held inclusive of dividends? Trustnet doesn’t do it either.
Depends whether you DRIP or not.
On Vanguard they show me capital change and also dividends received if income fund, if accumulation fund that's dealt with in the price per unit.
So for instance my FTSE100 tracker has gone from paid in of £79k to current value of £86k (with another £4.4k taken as profit) and dividends/income of just under £6k (since June 2022).
So overall my £79k has returned nearly £17.5k (22%)
Why would a drip purchase strategy have anything to do with it?. Actually Degiro, which I use for euro based investments, does; I only noticed last night. But H-L simply does not, just as It doesn’t allow to track the performance of an overall portfolio over time.
There was an article in the FT a few days ago keyed up as H-L the dinosaur facing threats from more nimble rivals. But when I read it, and reader comments, none of these rivals stood out as a choice worth moving to.
Never was so much money taken by so many, for so little added value.
Think I misread your initial post :-)
On Vanguard income funds they show you Capital return and Gross return, the difference being Gross includes income/dividends. Obv on accumulation it's just the unit price.
As an aside, whilst not earth shattering, Fidelity now pay 3.65% on cash in your SIPP.
No. For some reason @PragueAddicknever likes dividends. With dividends reinvested, index linked funds are up something like 70%. I have no idea what level of dividends Euro funds pay.
I say, a tad unfair there, old chap. It's true that I tend to forget about factoring them in when comparing, equity funds etc, but in the last 2-3 years I realised I had to think more about income from my investments, not least thanks to nudging from various posters on here. I now have a small stock portfolio, all of which were selected for their dividend potential. The interesting thing is that while the UK stocks I selected are mixed, to put it mildly, in terms of capital appreciation, or even retention, the three European stocks ( Swiss Re, Volvo AB (trucks not cars) and Novo Nordisk) are up 24%, 44% and (look away now) 144% respectively in the just over two years I've owned them all; and I bought them for their dividends of 3-5% which they have delivered. My UK stocks are much more mixed. Look, I just got lucky with those Eurostocks, but Eurostocks pay solid dividends in line with sector, of course they do, its Nasdaq companies that don't.
Yes probably a tad unfair. Certainly also true that UK equity markets have underperformed by most measures compared to most others. However I always get annoyed when people just compare movement in indices over a period of time without taking account of income. It is only half the story.
@WishIdStayedinthePub has pointed out that there is no consistency across the indices when it comes to this so how are income-ignorant punters like me supposed to make that evaluation? While I’m at it, why can’t a platform like H-L show % change on shares held inclusive of dividends? Trustnet doesn’t do it either.
Depends whether you DRIP or not.
On Vanguard they show me capital change and also dividends received if income fund, if accumulation fund that's dealt with in the price per unit.
So for instance my FTSE100 tracker has gone from paid in of £79k to current value of £86k (with another £4.4k taken as profit) and dividends/income of just under £6k (since June 2022).
So overall my £79k has returned nearly £17.5k (22%)
Why would a drip purchase strategy have anything to do with it?. Actually Degiro, which I use for euro based investments, does; I only noticed last night. But H-L simply does not, just as It doesn’t allow to track the performance of an overall portfolio over time.
There was an article in the FT a few days ago keyed up as H-L the dinosaur facing threats from more nimble rivals. But when I read it, and reader comments, none of these rivals stood out as a choice worth moving to.
Never was so much money taken by so many, for so little added value.
Think I misread your initial post :-)
On Vanguard income funds they show you Capital return and Gross return, the difference being Gross includes income/dividends. Obv on accumulation it's just the unit price.
As an aside, whilst not earth shattering, Fidelity now pay 3.65% on cash in your SIPP.
Interactive Brokers do give you a summary chart on the returns on the whole portfolio. It also gives all sorts of charts on your risk profile, performance attribution and asset allocations. Then there is detailed fundamental analysis, professional level news feeds.
I haven't drilled down on individual holdings as I also subscribe to ShareScope and that gives me all the returns data I need and has my portfolio history going back to 2005. But when I just searched for new columns on the word 'return' IB gave me 9 options, including several measures of risk adjusted returns.
For P&L, I can track total returns in absolute and percentage, realised and unrealised P&L, etc. Theoretically, I could set things up to dump my subscription to share scope altogether (but would lose all that history).
Under the covers, HL have developed their channels independently and are still reliant on an old mainframe system. They have big plans to fix that (and I'm hoping to help them) but it can't be fixed overnight. They've had at least one failed attempt to replace that mainframe and have recently just fired their CIO ....
No. For some reason @PragueAddicknever likes dividends. With dividends reinvested, index linked funds are up something like 70%. I have no idea what level of dividends Euro funds pay.
I say, a tad unfair there, old chap. It's true that I tend to forget about factoring them in when comparing, equity funds etc, but in the last 2-3 years I realised I had to think more about income from my investments, not least thanks to nudging from various posters on here. I now have a small stock portfolio, all of which were selected for their dividend potential. The interesting thing is that while the UK stocks I selected are mixed, to put it mildly, in terms of capital appreciation, or even retention, the three European stocks ( Swiss Re, Volvo AB (trucks not cars) and Novo Nordisk) are up 24%, 44% and (look away now) 144% respectively in the just over two years I've owned them all; and I bought them for their dividends of 3-5% which they have delivered. My UK stocks are much more mixed. Look, I just got lucky with those Eurostocks, but Eurostocks pay solid dividends in line with sector, of course they do, its Nasdaq companies that don't.
Yes probably a tad unfair. Certainly also true that UK equity markets have underperformed by most measures compared to most others. However I always get annoyed when people just compare movement in indices over a period of time without taking account of income. It is only half the story.
@WishIdStayedinthePub has pointed out that there is no consistency across the indices when it comes to this so how are income-ignorant punters like me supposed to make that evaluation? While I’m at it, why can’t a platform like H-L show % change on shares held inclusive of dividends? Trustnet doesn’t do it either.
Depends whether you DRIP or not.
On Vanguard they show me capital change and also dividends received if income fund, if accumulation fund that's dealt with in the price per unit.
So for instance my FTSE100 tracker has gone from paid in of £79k to current value of £86k (with another £4.4k taken as profit) and dividends/income of just under £6k (since June 2022).
So overall my £79k has returned nearly £17.5k (22%)
Why would a drip purchase strategy have anything to do with it?. Actually Degiro, which I use for euro based investments, does; I only noticed last night. But H-L simply does not, just as It doesn’t allow to track the performance of an overall portfolio over time.
There was an article in the FT a few days ago keyed up as H-L the dinosaur facing threats from more nimble rivals. But when I read it, and reader comments, none of these rivals stood out as a choice worth moving to.
Never was so much money taken by so many, for so little added value.
Think I misread your initial post :-)
On Vanguard income funds they show you Capital return and Gross return, the difference being Gross includes income/dividends. Obv on accumulation it's just the unit price.
As an aside, whilst not earth shattering, Fidelity now pay 3.65% on cash in your SIPP.
Trading 212 pay 5% on uninvested cash balances at the moment. I'm not a huge fan of their app/website, but can't complain about their charges.
The yield on a typical UK equity fund is around 2% so nothing to write home about. On an UK Equity Income fund it's just over 3%.
The UK has always been a bigger dividend payer with many US & European funds paying less than 1% yield. Back in the 80's & 90's Japanese Companies didn't pay dividends but instead ploughed their profits back into the Company by way of "Research & Development".....hence why the big tech firms that sprung out of Japan were much more innovative than UK ones (think Toshiba v Amstrad)
Doesn't it depend what it is invested in. The FTSE 100 yield is currently 3.78% and 250 is 3.45%. So wouldn't I be right in assuming a tracker fund would effectively roll up at those rates.
No. For some reason @PragueAddicknever likes dividends. With dividends reinvested, index linked funds are up something like 70%. I have no idea what level of dividends Euro funds pay.
I say, a tad unfair there, old chap. It's true that I tend to forget about factoring them in when comparing, equity funds etc, but in the last 2-3 years I realised I had to think more about income from my investments, not least thanks to nudging from various posters on here. I now have a small stock portfolio, all of which were selected for their dividend potential. The interesting thing is that while the UK stocks I selected are mixed, to put it mildly, in terms of capital appreciation, or even retention, the three European stocks ( Swiss Re, Volvo AB (trucks not cars) and Novo Nordisk) are up 24%, 44% and (look away now) 144% respectively in the just over two years I've owned them all; and I bought them for their dividends of 3-5% which they have delivered. My UK stocks are much more mixed. Look, I just got lucky with those Eurostocks, but Eurostocks pay solid dividends in line with sector, of course they do, its Nasdaq companies that don't.
Yes probably a tad unfair. Certainly also true that UK equity markets have underperformed by most measures compared to most others. However I always get annoyed when people just compare movement in indices over a period of time without taking account of income. It is only half the story.
@WishIdStayedinthePub has pointed out that there is no consistency across the indices when it comes to this so how are income-ignorant punters like me supposed to make that evaluation? While I’m at it, why can’t a platform like H-L show % change on shares held inclusive of dividends? Trustnet doesn’t do it either.
Depends whether you DRIP or not.
On Vanguard they show me capital change and also dividends received if income fund, if accumulation fund that's dealt with in the price per unit.
So for instance my FTSE100 tracker has gone from paid in of £79k to current value of £86k (with another £4.4k taken as profit) and dividends/income of just under £6k (since June 2022).
So overall my £79k has returned nearly £17.5k (22%)
Why would a drip purchase strategy have anything to do with it?. Actually Degiro, which I use for euro based investments, does; I only noticed last night. But H-L simply does not, just as It doesn’t allow to track the performance of an overall portfolio over time.
There was an article in the FT a few days ago keyed up as H-L the dinosaur facing threats from more nimble rivals. But when I read it, and reader comments, none of these rivals stood out as a choice worth moving to.
Never was so much money taken by so many, for so little added value.
Think I misread your initial post :-)
On Vanguard income funds they show you Capital return and Gross return, the difference being Gross includes income/dividends. Obv on accumulation it's just the unit price.
As an aside, whilst not earth shattering, Fidelity now pay 3.65% on cash in your SIPP.
Interactive Brokers do give you a summary chart on the returns on the whole portfolio. It also gives all sorts of charts on your risk profile, performance attribution and asset allocations. Then there is detailed fundamental analysis, professional level news feeds.
I haven't drilled down on individual holdings as I also subscribe to ShareScope and that gives me all the returns data I need and has my portfolio history going back to 2005. But when I just searched for new columns on the word 'return' IB gave me 9 options, including several measures of risk adjusted returns.
For P&L, I can track total returns in absolute and percentage, realised and unrealised P&L, etc. Theoretically, I could set things up to dump my subscription to share scope altogether (but would lose all that history).
Under the covers, HL have developed their channels independently and are still reliant on an old mainframe system. They have big plans to fix that (and I'm hoping to help them) but it can't be fixed overnight. They've had at least one failed attempt to replace that mainframe and have recently just fired their CIO ....
I remember when Barclays did the same for their account system. My relationship team shared a floor with our tech team when we first moved to Canary Wharf. In the print room one day, someone had left out huge sheets showing our old mainframe in the centre which had been established in the 60s. Then a huge spiderweb of connections for every other system that they’d developed since then. There were literally hundreds and they had no idea what effect switching to a new central system would have on all the others. It took years of running alongside to make sure that they could safely update. Good luck with the HL fix.
@PragueAddick still holding direct line? No need to thank me 😂😉
Eh? That bunch of shysters whom someone on here was pushing as a good income stock? That rabble whose shares I bought at 185p and who ran into trouble and promptly cancelled the dividend completely? That Direct Line? Nah I sold them back in August at 159p, and used the proceeds to top up on a proper company in the sector (L&G) that doesn't mess with its dividends.
Been a regular user and advocate of the Chase Debit card with its 1% cashback up to £15 a month as long as you pay in £500 a month. Just had the email to say from April have to pay in £1500 a month to qualify...that seems to be quite a hike! Might have to look around for other offers - altough Martin Lewis suggests pay in the £1500 and set-up a S/O to transfer £1,000 back the next day!
Been a regular user and advocate of the Chase Debit card with its 1% cashback up to £15 a month as long as you pay in £500 a month. Just had the email to say from April have to pay in £1500 a month to qualify...that seems to be quite a hike! Might have to look around for other offers - altough Martin Lewis suggests pay in the £1500 and set-up a S/O to transfer £1,000 back the next day!
The President of JPMC did say they had plans to break even this year. People thought that was ambitious ...
Good to see those con merchants and thieves at St James Place are getting a good kicking. I turned down their very kind offer to employ me due to their inability (unwillingness) to answer a simple question: what is the return on your funds, AFTER fees and how do they rank?
Really, really wanted to short them after that but needed deep pockets and patience. I understand they have the entire ambulance chasing PPI crowd on their back now.
Good to see those con merchants and thieves at St James Place are getting a good kicking. I turned down their very kind offer to employ me due to their inability (unwillingness) to answer a simple question: what is the return on your funds, AFTER fees and how do they rank?
Really, really wanted to short them after that but needed deep pockets and patience. I understand they have the entire ambulance chasing PPI crowd on their back now.
The only people I ever see defend them are either fools or employees.
Just caught up on this properly and you're right this sounds like a huge claim industry slam dunk.
Good to see those con merchants and thieves at St James Place are getting a good kicking. I turned down their very kind offer to employ me due to their inability (unwillingness) to answer a simple question: what is the return on your funds, AFTER fees and how do they rank?
Really, really wanted to short them after that but needed deep pockets and patience. I understand they have the entire ambulance chasing PPI crowd on their back now.
They tried to headhunt me as well quite some years ago. I also declined.
Been a regular user and advocate of the Chase Debit card with its 1% cashback up to £15 a month as long as you pay in £500 a month. Just had the email to say from April have to pay in £1500 a month to qualify...that seems to be quite a hike! Might have to look around for other offers - altough Martin Lewis suggests pay in the £1500 and set-up a S/O to transfer £1,000 back the next day!
Just get an American Express cash back card or similar. If you know someone with one 😉 they can introduce you.
Good to see those con merchants and thieves at St James Place are getting a good kicking. I turned down their very kind offer to employ me due to their inability (unwillingness) to answer a simple question: what is the return on your funds, AFTER fees and how do they rank?
Really, really wanted to short them after that but needed deep pockets and patience. I understand they have the entire ambulance chasing PPI crowd on their back now.
Been coming for a long while, I'll still never understand why anyone used them. Every ambulance chaser will be after them. I still get probably one of their advisors a month trying to connect with me on LinkedIn, I sometimes accept just to let them message me so I can reply with what I think! Apparently whenever they do contact they always work with my colleagues, yes I've never found anyone I work with who has!
Good to see those con merchants and thieves at St James Place are getting a good kicking. I turned down their very kind offer to employ me due to their inability (unwillingness) to answer a simple question: what is the return on your funds, AFTER fees and how do they rank?
Really, really wanted to short them after that but needed deep pockets and patience. I understand they have the entire ambulance chasing PPI crowd on their back now.
They tried to headhunt me as well quite some years ago. I also declined.
Been a regular user and advocate of the Chase Debit card with its 1% cashback up to £15 a month as long as you pay in £500 a month. Just had the email to say from April have to pay in £1500 a month to qualify...that seems to be quite a hike! Might have to look around for other offers - altough Martin Lewis suggests pay in the £1500 and set-up a S/O to transfer £1,000 back the next day!
Well that's frustrating, haven't received that email yet from them. How long have you been with them? I started using the card in Jan 23, had the first year 1% cashback option, then at the end of that year I keep the 1% cashback as long as I add £500 to the account each month to qualify for the next month. Wondering if you'd been with them for 2 full years maybe?
Been a regular user and advocate of the Chase Debit card with its 1% cashback up to £15 a month as long as you pay in £500 a month. Just had the email to say from April have to pay in £1500 a month to qualify...that seems to be quite a hike! Might have to look around for other offers - altough Martin Lewis suggests pay in the £1500 and set-up a S/O to transfer £1,000 back the next day!
Well that's frustrating, haven't received that email yet from them. How long have you been with them? I started using the card in Jan 23, had the first year 1% cashback option, then at the end of that year I keep the 1% cashback as long as I add £500 to the account each month to qualify for the next month. Wondering if you'd been with them for 2 full years maybe?
I haven't had any email from them yet. I suspect you are correct about the 2 year cut off, as I've been transferring £500 a month since June 23 to keep the 1% cashback.
Just been reading about SJP. I moved from them as the returns were poor and paid the exit fee as I had no choice. will I be able to claim on them for this or is it just for those paying for advice that they don’t get?
Just been reading about SJP. I moved from them as the returns were poor and paid the exit fee as I had no choice. will I be able to claim on them for this or is it just for those paying for advice that they don’t get?
Any pointers greatly appreciated
From the little I read it was the paying for advice you didn't receive - but worth keeping an eye out/on the detail.
Just been reading about SJP. I moved from them as the returns were poor and paid the exit fee as I had no choice. will I be able to claim on them for this or is it just for those paying for advice that they don’t get?
Any pointers greatly appreciated
From the little I read it was the paying for advice you didn't receive - but worth keeping an eye out/on the detail.
Ok thanks. That’s how I read it as well.
Will keep an eye on it.
the good news is my new investments regained the costs pretty quickly and I made the right decision to move from SJP
Comments
(Note that DAX is a total return index already, the CAC40 and FTSE 100 aren't. So there is a CAC Dividend index and a FTSE Total Return Index. The DJ is peculiar, in that it is price weighted, so not comparable at all.
I was drinking with an ex-asset manager over the weekend and he says he is sticking with FTSE 250 as he can't understand at all why it is so undervalued and thinks that at some point it will wake up. However, the ludicrous LDI rules introduced after the financial crisis aren't helping, helping to drive UK pension fund holdings in UK stocks down to 3% right now.
On Vanguard they show me capital change and also dividends received if income fund, if accumulation fund that's dealt with in the price per unit.
So for instance my FTSE100 tracker has gone from paid in of £79k to current value of £86k (with another £4.4k taken as profit) and dividends/income of just under £6k (since June 2022).
So overall my £79k has returned nearly £17.5k (22%)
The UK has always been a bigger dividend payer with many US & European funds paying less than 1% yield. Back in the 80's & 90's Japanese Companies didn't pay dividends but instead ploughed their profits back into the Company by way of "Research & Development".....hence why the big tech firms that sprung out of Japan were much more innovative than UK ones (think Toshiba v Amstrad)
On Vanguard income funds they show you Capital return and Gross return, the difference being Gross includes income/dividends. Obv on accumulation it's just the unit price.
As an aside, whilst not earth shattering, Fidelity now pay 3.65% on cash in your SIPP.
I haven't drilled down on individual holdings as I also subscribe to ShareScope and that gives me all the returns data I need and has my portfolio history going back to 2005. But when I just searched for new columns on the word 'return' IB gave me 9 options, including several measures of risk adjusted returns.
For P&L, I can track total returns in absolute and percentage, realised and unrealised P&L, etc. Theoretically, I could set things up to dump my subscription to share scope altogether (but would lose all that history).
Under the covers, HL have developed their channels independently and are still reliant on an old mainframe system. They have big plans to fix that (and I'm hoping to help them) but it can't be fixed overnight. They've had at least one failed attempt to replace that mainframe and have recently just fired their CIO ....
See, I really do care about income...😉
L&G gives me 7% every year…
agree though on L&G divi’s - an old employer of mine, very good company.
Really, really wanted to short them after that but needed deep pockets and patience. I understand they have the entire ambulance chasing PPI crowd on their back now.
Just caught up on this properly and you're right this sounds like a huge claim industry slam dunk.
will I be able to claim on them for this or is it just for those paying for advice that they don’t get?
the good news is my new investments regained the costs pretty quickly and I made the right decision to move from SJP