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Savings and Investments thread
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Yep, bit of a bloodbath on my ISA tech fund... Long term though will be golden.SantaClaus said:Today's going to be an interesting day for my investments. Looks like it's going to be a bumpy ride for tech stocks in particular.0 -
Not a good day for me.
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Or a buying opportunity
(but not yet)0 -
Glad I sold down some into cash - getting ready to rebuy in the coming days!!0
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Well, if you have a fully rounded portfolio then todays small blip shouldn't affect you much at all.
With my recommended max allocation of 25% in US equities, being split across all sectors & market caps, should see little in the way of losses overall.1 -
The almost daily dividend fund has done well today, my S&P 500 is a little down but not major, just the tech stuff in particular blockchain to a bit of a hit. Longer term though that will be fine
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Down 3.5% today 🤮.0
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Trump will ban it soon enough!1
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But how much would I have missed out on to this point with only 25% in US? The S&P is still up 21.53% the past 12 months, NASDAQ 23.08% (FTSE100 11.41%, FTSE250 5.48%), 2 year is even more stark 47.24%, 65.72% v 9.51% and 1.67%!golfaddick said:Well, if you have a fully rounded portfolio then todays small blip shouldn't affect you much at all.
With my recommended max allocation of 25% in US equities, being split across all sectors & market caps, should see little in the way of losses overall.5 -
8785 please1
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Blimey! I was only down 0.004% from the previous day.SantaClaus said:Down 3.5% today 🤮.
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It is surprising that successive chancellors have not opted to cap the aggregate max an individual can hold in ISAs. One day it will undoubtedly happen.WishIdStayedinthePub said:Just noticed that Torsten Bell has been appointed as parliamentary secretary for the DWP. This is the man who thinks the tax free lump sum should be massively reduced and there should be a (100k?) cap on ISAs.0 -
I think we are more likely to see an LTA return for pensions before ISA’s as pensions are 100% tax free (rather than just returns).robinofottershaw said:
It is surprising that successive chancellors have not opted to cap the aggregate max an individual can hold in ISAs. One day it will undoubtedly happen.WishIdStayedinthePub said:Just noticed that Torsten Bell has been appointed as parliamentary secretary for the DWP. This is the man who thinks the tax free lump sum should be massively reduced and there should be a (100k?) cap on ISAs.
I can see a reduced annual allowance though, as £20k is quite sizeable really.1 -
Am just mulling over whether to draw cash from my drawdown pension. I don’t need the money yet but worried legislation will change. Aside from drawing 25% tax free, what are my other options and what do I do with spare cash if my ISA,s are maxed out?0
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The risk on the 25% seems to have gone away, for now.HardyAddick said:Am just mulling over whether to draw cash from my drawdown pension. I don’t need the money yet but worried legislation will change. Aside from drawing 25% tax free, what are my other options and what do I do with spare cash if my ISA,s are maxed out?
you can drawdown more than the 25% which then becomes income, so it could be worth considering if you don’t currently have an income to use up to your personal allowance, or indeed some of the 20% band if you will in future have an income taking you into the 40% band.
as to where to put it…….. tax free is ISA already filled or premium bonds, not much else without getting funky!!1 -
The tracker fund I've invested in is 65% American and a sizable chunk of the stocks are tech related. I've not done badly with it overall but most of the gains over the last few months have been down to the exchange rate which I'm aware could reverse very easily. I'm weighing up my options 😀.Friend Or Defoe said:
Blimey! I was only down 0.004% from the previous day.SantaClaus said:Down 3.5% today 🤮.0 -
Leave it where it is. There is no where better than ISA's and Pensions for tax free/ tax efficient growth.HardyAddick said:Am just mulling over whether to draw cash from my drawdown pension. I don’t need the money yet but worried legislation will change. Aside from drawing 25% tax free, what are my other options and what do I do with spare cash if my ISA,s are maxed out?
If there were to be any changes to the 25% tax free lump sum in forthcoming budgets then the change would not be overnight and would need voting on in parliament. Worse case scenario is that it would happen at the start of the next tax year after it was announced.1 -
I had a similar discussion with my wife’s cousin this week. She is 58, retired late 2023 and is yet to draw any pension and living off her savings. My advice was to draw at least £12,500 this tax year from her DC to use up her tax free allowance on the basis of use it or lose it. From next year her DB kicks in.golfaddick said:
Leave it where it is. There is no where better than ISA's and Pensions for tax free/ tax efficient growth.HardyAddick said:Am just mulling over whether to draw cash from my drawdown pension. I don’t need the money yet but worried legislation will change. Aside from drawing 25% tax free, what are my other options and what do I do with spare cash if my ISA,s are maxed out?
If there were to be any changes to the 25% tax free lump sum in forthcoming budgets then the change would not be overnight and would need voting on in parliament. Worse case scenario is that it would happen at the start of the next tax year after it was announced.4 -
Similar here on weighting. Down 2% over the last two days but was up 5% on the month up to this point so can't complain.SantaClaus said:
The tracker fund I've invested in is 65% American and a sizable chunk of the stocks are tech related. I've not done badly with it overall but most of the gains over the last few months have been down to the exchange rate which I'm aware could reverse very easily. I'm weighing up my options 😀.Friend Or Defoe said:
Blimey! I was only down 0.004% from the previous day.SantaClaus said:Down 3.5% today 🤮.0 -
Few days to go, list of those entered already and those who haven;t but have partaken in the past couple of years:
Level Er_Be_Ab_Pl_Wo_Wo_Ch 7888 Fortune 82nd Minute 8151 Jon_CAFC_ 8175 bobmunro 8185 meldrew66 8202 WishIdStayedInThe Pub 8250 Lenglover 8301 Solidgone 8333 Huskaris 8390 Addickinedi 8419 Pedro45 8425 guinnessaddick 8432 Arsenetatters 8458 StrikerFirmani 8460 fat man on a moped 8475 Redman 8479 CAFCWest 8499 HardyAddick 8501 Bangkokaddick 8510 blackpool72 8512 LargeAddick 8529 Carter 8531 CharltonKerry 8541 Lonelynorthernaddick 8550 oohaahmortimer 8555 valleynick66 8562 Housty 8564 PragueAddick 8600 Thread Killer 8631 RalphMilne 8652 Addick Addict 8662 golfaddick 8675 wwaddick 8695 Jamescafc 8700 cafcpolo 8702 Rob7Lee 8771 IdleHans 8785 WHAddick 8823 holyjo 8892 @TelMc32 aitchyaddick BalladMan CAFC, we hate palace cafc7-6htfc CAFCsayer Covered End Daarrrzzettbum Exiledin Manchester Gary Poole happy valley Hoof_it_up_to_benty Hornchurch KentAddick Killer Kish Morboe MrWalker Name Salad thecat TheGhostofTomHovi 0 -
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8318 for me please.1
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Hi. I'm looking for some advise. I will be 65 in March and have two final salery pensions that I will be able to take. I have a third one that I took when the pandemic started.
One of the pensions that I will be able to access gives me the opportunity to take a 25% tax free lump sum c£100,000. I'm not sure if I should sacrifice the reduction in the pension c£6k p/a that I will lose or not. I don't really need the cash as I will have the other two pensions, my state pension in 12 months and also rent out two houses and have a fair amount of savings / investments.
Should I take the cash and spend / Invest some of it or max the pension income?. Any advise gladly welcomed. Cheers.0 -
I'm far from an expert but personally I'd take it just in case the rules change. You can always squirrel it away elsewhere and still get a return on it. As said others will have a different view.CheshireAddick said:Hi. I'm looking for some advise. I will be 65 in March and have two final salery pensions that I will be able to take. I have a third one that I took when the pandemic started.
One of the pensions that I will be able to access gives me the opportunity to take a 25% tax free lump sum c£100,000. I'm not sure if I should sacrifice the reduction in the pension c£6k p/a that I will lose or not. I don't really need the cash as I will have the other two pensions, my state pension in 12 months and also rent out two houses and have a fair amount of savings / investments.
Should I take the cash and spend / Invest some of it or max the pension income?. Any advise gladly welcomed. Cheers.1 -
I would usually advise to take the enhanced cash amount & lower pension, especially (as it seems) you have other income streams & might be (if not now but in the future) be a high rate tax payer.CheshireAddick said:Hi. I'm looking for some advise. I will be 65 in March and have two final salery pensions that I will be able to take. I have a third one that I took when the pandemic started.
One of the pensions that I will be able to access gives me the opportunity to take a 25% tax free lump sum c£100,000. I'm not sure if I should sacrifice the reduction in the pension c£6k p/a that I will lose or not. I don't really need the cash as I will have the other two pensions, my state pension in 12 months and also rent out two houses and have a fair amount of savings / investments.
Should I take the cash and spend / Invest some of it or max the pension income?. Any advise gladly welcomed. Cheers.
Take the cash & max out your ISA's over the next few years. If married then max out your wife's ISA's too.1 -
Yep.PolzeathNick said:
Unfortunately Czechs remain a bit innocent of risks which those of us brought up in more complex urban societies recognise more sharply. Here's a little non-finance anecdote:
Back in 2002 we were looking for a house or plot to buy in Prague for our dream home. Up came a place in a dreamy green area just north of the city centre and close to the Vltava river, so we went to see it.
It was set back from the road. We crossed a babbling stream to get to it. Who doesn't love a babbling stream. This one flows into the Vltava 300 metres away. Remembering problems with uncontrolled tributaries to the Thames, I asked the young owner if the stream wasn't a bit of a flood risk. He gave me the "stupid foreigner" look and said " Flood? there hasn't been a flood here for 100 years". A few months later, this happened: Prague's "100 year Flood" they actually called it that😂 it's the actual spot, we have friends with a house there, uninsurable for flood risk.
More relevantly Aleš Michl the CNB governor is relatively young, and when he was a rising analyst at the Putin friendly Raifeissen Bank, he cultivated a rock-star image. Too many young female middle managers on LinkedIn re-posted his deliberately provocative public pronouncements and forecasts. I never trust people like that.
"Grumpy old git" of Prague 😉
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I’ll go on the optimistic side again with 8,900 😉1
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8580 please1
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Cheers mate. Much appreciated 👍golfaddick said:
I would usually advise to take the enhanced cash amount & lower pension, especially (as it seems) you have other income streams & might be (if not now but in the future) be a high rate tax payer.CheshireAddick said:Hi. I'm looking for some advise. I will be 65 in March and have two final salery pensions that I will be able to take. I have a third one that I took when the pandemic started.
One of the pensions that I will be able to access gives me the opportunity to take a 25% tax free lump sum c£100,000. I'm not sure if I should sacrifice the reduction in the pension c£6k p/a that I will lose or not. I don't really need the cash as I will have the other two pensions, my state pension in 12 months and also rent out two houses and have a fair amount of savings / investments.
Should I take the cash and spend / Invest some of it or max the pension income?. Any advise gladly welcomed. Cheers.
Take the cash & max out your ISA's over the next few years. If married then max out your wife's ISA's too.0 -
Realistically if you take it and invest it you’ll need to live past 85/90 to be worse off, even if you have a spouse.CheshireAddick said:Hi. I'm looking for some advise. I will be 65 in March and have two final salery pensions that I will be able to take. I have a third one that I took when the pandemic started.
One of the pensions that I will be able to access gives me the opportunity to take a 25% tax free lump sum c£100,000. I'm not sure if I should sacrifice the reduction in the pension c£6k p/a that I will lose or not. I don't really need the cash as I will have the other two pensions, my state pension in 12 months and also rent out two houses and have a fair amount of savings / investments.
Should I take the cash and spend / Invest some of it or max the pension income?. Any advise gladly welcomed. Cheers.
id take it, fairly low risk doing so but many upsides!We all hope we live to a ripe old age, a director at Legal and General many years ago retired on his 65th birthday, guy was a workaholic (not married, no children). I suspect his DB pension was north of £200k a year even back then, he died within 3 weeks so never saw a penny!!0
