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Savings and Investments thread

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  • RaplhMilne
    RaplhMilne Posts: 4,601
    Worst Recession in history, double the number of un-employed, and restrictions in place potentially for months to come. Yet, the market is creeping up..... WHY.. .?  
  • golfaddick
    golfaddick Posts: 33,623
    RaplhMilne said:
    Worst Recession in history, double the number of un-employed, and restrictions in place potentially for months to come. Yet, the market is creeping up..... WHY.. .?  
    Because the market sold off weeks ago. It always falls on rumours & uncertainty & rises on truth & clarity. 
  • Covered End
    Covered End Posts: 51,989
    golfaddick said:
    RaplhMilne said:
    Worst Recession in history, double the number of un-employed, and restrictions in place potentially for months to come. Yet, the market is creeping up..... WHY.. .?  
    Because the market sold off weeks ago. It always falls on rumours & uncertainty & rises on truth & clarity. 
    And it's sucking you back in before another heavy fall.
  • oohaahmortimer
    oohaahmortimer Posts: 34,145
    Paul Tudor Jones Buys Bitcoin With Reminder of Gold in 1970s (1)
    Becomes one of first big-name investors to embrace crypto
    Macro investor sees Bitcoin as hedge against inflationBy Erik Schatzker
    (Bloomberg) -- Macro investor Paul Tudor Jones is buying Bitcoin as a hedge against the inflation he sees coming from central bank money-printing, telling clients it reminds him of the role gold played in the 1970s.
    “The best profit-maximizing strategy is to own the fastest horse,” Jones, the founder and chief executive officer of Tudor Investment Corp., said in a market outlook note he entitled ‘The Great Monetary Inflation.’ “If I am forced to forecast, my bet is it will be Bitcoin.”
  • RaplhMilne
    RaplhMilne Posts: 4,601
    Covered End said:
    golfaddick said:
    RaplhMilne said:
    Worst Recession in history, double the number of un-employed, and restrictions in place potentially for months to come. Yet, the market is creeping up..... WHY.. .?  
    Because the market sold off weeks ago. It always falls on rumours & uncertainty & rises on truth & clarity. 
    And it's sucking you back in before another heavy fall.
    I tend to agree, with this conclusion. Yes, we have had a massive correction, but I think this could go lower. Especially in Banking, Entertainment, and travel related stocks. 
  • Covered End
    Covered End Posts: 51,989
    I did our 19/20 S&S ISA's when the market bottomed in March.

    But I've held fire on this tax year's as the market picked up & I reckon it will fall at some point.
  • golfaddick
    golfaddick Posts: 33,623
    golfaddick said:
    My pension portfolio down just 7% from its January high. Same level as it was less than 12 months ago  
    Now down just 4% from its January high. Not bad going considering the FTSE100 is still around 22% down
  • golfaddick
    golfaddick Posts: 33,623
    edited May 2020
    mendonca said:
    My workplace pension is invested in:

    Standard Life Managed Pension Fund4BALANCED II UNIVERSAL

    It does look like you can change this fund on the Standard Life site. Any tips? In my mid 30's. 
    Sorry, only just seen this post.

    Very average fund & I'm sure you could do better, but then I'm not a lover of insurance companies own managed funds. I have 3 clients with a Standard Life Sipp but I dont know if you would be offered the whole fund range that they have access to. You might be limited to only 20 or 30 funds.......or less. 
  • RaplhMilne
    RaplhMilne Posts: 4,601
    The announcement of two weeks quarantine is another kicking to airlines and travel. Were not doing much business, now likely to do none. 
  • mendonca
    mendonca Posts: 9,405
    golfaddick said:
    mendonca said:
    My workplace pension is invested in:

    Standard Life Managed Pension Fund4BALANCED II UNIVERSAL

    It does look like you can change this fund on the Standard Life site. Any tips? In my mid 30's. 
    Sorry, only just seen this post.

    Very average fund & I'm sure you could do better, but then I'm not a lover of insurance companies own managed funds. I have 3 clients with a Standard Life Sipp but I dont know if you would be offered the whole fund range that they have access to. You might be limited to only 20 or 30 funds.......or less. 

    Thanks Golfie. I moved the pension fund from the very average to 

    Baillie Gifford Managed Pn Fund
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  • golfaddick
    golfaddick Posts: 33,623
    Thats a better fund. BG have some very good funds.
  • DOUCHER
    DOUCHER Posts: 7,897
    if you get a bonus at work is it a no brainer that you put it in your pension and avoid the tax - assuming you don't need the extra cash now obviously - or do you pay the tax eventually anyway when you start drawing your pension? a pretty basic question i guess but one i'm not 100% certain of the answer to - is it just if you draw a lump sum that you pay tax on your pension later on or???... 
  • golfaddick
    golfaddick Posts: 33,623
    DOUCHER said:
    if you get a bonus at work is it a no brainer that you put it in your pension and avoid the tax - assuming you don't need the extra cash now obviously - or do you pay the tax eventually anyway when you start drawing your pension? a pretty basic question i guess but one i'm not 100% certain of the answer to - is it just if you draw a lump sum that you pay tax on your pension later on or???... 
    The first 25% you take from your pension is tax-free (up to the current LA  - so max around £270k). Anything after that is taxed......or should I say is taxable. If you have no other income you can then take up to your Personal Allowance (£12,500) without paying any tax. 

    Pensions can be very beneficial to those who are higher rate taxpayers during their working life but basic rate taxpayers in retirement (40% tax relief going in but only 20% tax going out). Similarly for basic rate /nil rate - although once taking the state pension there is little scope before you are being taxed.


  • ROTW
    ROTW Posts: 642
    Would you clever people consider the construction industry being a strong buy following the earlier announcement?
    The UK homebuilders especially?
    Also looking at SIG PLC.


    Strong balance sheet when cash in the bank has its advantages.

  • golfaddick
    golfaddick Posts: 33,623
    Can I ask why you would want to buy shares on just one solitary company  ?
  • ROTW
    ROTW Posts: 642
    I was just curious of people’s opinions.
    Was looking at the construction/manufacturing sectors, thought SIG crossed both paths.
    Would possibly go 40% on them with further spit of 15% on four construction businesses.
    Just a short term (3-6 months) punt using a ISA.
  • golfaddick
    golfaddick Posts: 33,623
    ROTW said:
    I was just curious of people’s opinions.
    Was looking at the construction/manufacturing sectors, thought SIG crossed both paths.
    Would possibly go 40% on them with further spit of 15% on four construction businesses.
    Just a short term (3-6 months) punt using a ISA.
    Putting all your eggs in one very small basket. Not something I would advise.
  • DOUCHER
    DOUCHER Posts: 7,897
    golfaddick said:
    DOUCHER said:
    if you get a bonus at work is it a no brainer that you put it in your pension and avoid the tax - assuming you don't need the extra cash now obviously - or do you pay the tax eventually anyway when you start drawing your pension? a pretty basic question i guess but one i'm not 100% certain of the answer to - is it just if you draw a lump sum that you pay tax on your pension later on or???... 
    The first 25% you take from your pension is tax-free (up to the current LA  - so max around £270k). Anything after that is taxed......or should I say is taxable. If you have no other income you can then take up to your Personal Allowance (£12,500) without paying any tax. 

    Pensions can be very beneficial to those who are higher rate taxpayers during their working life but basic rate taxpayers in retirement (40% tax relief going in but only 20% tax going out). Similarly for basic rate /nil rate - although once taking the state pension there is little scope before you are being taxed.


    ok thanks - so is the forecasted monthly amount a pre tax figure? Also - i get the taxing thing with a works pension as the money going in is not taxed already but in a private pension - say a SIPS scheme with hargreaves lansdown , the money paid is post tax so i assume you wouldn't get taxed on it again later when you draw it??   
  • golfaddick
    golfaddick Posts: 33,623
    DOUCHER said:
    golfaddick said:
    DOUCHER said:
    if you get a bonus at work is it a no brainer that you put it in your pension and avoid the tax - assuming you don't need the extra cash now obviously - or do you pay the tax eventually anyway when you start drawing your pension? a pretty basic question i guess but one i'm not 100% certain of the answer to - is it just if you draw a lump sum that you pay tax on your pension later on or???... 
    The first 25% you take from your pension is tax-free (up to the current LA  - so max around £270k). Anything after that is taxed......or should I say is taxable. If you have no other income you can then take up to your Personal Allowance (£12,500) without paying any tax. 

    Pensions can be very beneficial to those who are higher rate taxpayers during their working life but basic rate taxpayers in retirement (40% tax relief going in but only 20% tax going out). Similarly for basic rate /nil rate - although once taking the state pension there is little scope before you are being taxed.


    ok thanks - so is the forecasted monthly amount a pre tax figure? Also - i get the taxing thing with a works pension as the money going in is not taxed already but in a private pension - say a SIPS scheme with hargreaves lansdown , the money paid is post tax so i assume you wouldn't get taxed on it again later when you draw it??   
    All pension income is taxable, no matter if it's from a Final Salary scheme, a SIPP or a Stakeholder pension. 

    And I wouldn't take much notice of the forecasted monthly figure that any private pension company states on an annual statement. It's based on 2 totally meaningless assumptions.......the annual return & estimated annuity rate.
  • CafcWest
    CafcWest Posts: 6,167
    Blimey.  FTSE up above 6,000 today (Monday 18th...).  Pleasantly surprised - but guess it'll drop again tomorrow...
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  • golfaddick
    golfaddick Posts: 33,623
    cafc-west said:
    Blimey.  FTSE up above 6,000 today (Monday 18th...).  Pleasantly surprised - but guess it'll drop again tomorrow...
    European markets up 4%-5% too. Good day for those of us still heavily in equities. 
  • Covered End
    Covered End Posts: 51,989
    In January the FTSE All Share peaked around 4200.
    On March 16th it had fallen to 2848, an approximate 32% fall, so I did my wife's S&S ISA.
    It fell for a further week and bottomed on March 23rd at 2727.
    I thought it may fall further (it still may).
    I waited to do this tax year's ISA's, but the market has continued to rise so I took the plunge today, May 15th with the index at 3302.

    https://www.google.com/search?q=ftse+all+share&oq=FT&aqs=chrome.0.69i59l2j69i57j69i59j0l4.2944j0j8&sourceid=chrome&ie=UTF-8
  • golfaddick
    golfaddick Posts: 33,623
    Not being able to physically visit clients I have had time to review some portfolios. Most clients are currently looking at losses of around 5%, the worst has been 8%. Some individual funds are higher now than they were on February. Noticeably US funds......in particular Baillie Gifford American. As I have it in my pension, along with some absolute return funds & my pension, as at today, is just 2.5% from its February high & higher than it was at the start of the year.

    Not bad considering the FTSE100 is still more than 20% off it's all time high.
  • Rothko
    Rothko Posts: 18,801
    Crypto investments are up 11% this week, and yes I know it could all be Digital Tulips, and be down 30% in a week, but it's a small bit of money in thing that isn't tied to the markets, so I'll live with that risk 
  • cafcpolo
    cafcpolo Posts: 3,811
    Rothko said:
    Crypto investments are up 11% this week, and yes I know it could all be Digital Tulips, and be down 30% in a week, but it's a small bit of money in thing that isn't tied to the markets, so I'll live with that risk 
    I got lucky with a holding of mine, hit a bit of a low point, added to my bag. Went up 50% in about three days!
  • Rothko
    Rothko Posts: 18,801
    cafcpolo said:
    Rothko said:
    Crypto investments are up 11% this week, and yes I know it could all be Digital Tulips, and be down 30% in a week, but it's a small bit of money in thing that isn't tied to the markets, so I'll live with that risk 
    I got lucky with a holding of mine, hit a bit of a low point, added to my bag. Went up 50% in about three days!
    What you investing/gambling in? 
  • cafcpolo
    cafcpolo Posts: 3,811
    edited May 2020
    Rothko said:
    cafcpolo said:
    Rothko said:
    Crypto investments are up 11% this week, and yes I know it could all be Digital Tulips, and be down 30% in a week, but it's a small bit of money in thing that isn't tied to the markets, so I'll live with that risk 
    I got lucky with a holding of mine, hit a bit of a low point, added to my bag. Went up 50% in about three days!
    What you investing/gambling in? 
    My biggest holding is in ZIL. Then have some MATIC, BTC (less than 1, I'm not that rich) and NANO.
  • ROTW
    ROTW Posts: 642
    edited May 2020
    cafcpolo said:
    Rothko said:
    Crypto investments are up 11% this week, and yes I know it could all be Digital Tulips, and be down 30% in a week, but it's a small bit of money in thing that isn't tied to the markets, so I'll live with that risk 
    I got lucky with a holding of mine, hit a bit of a low point, added to my bag. Went up 50% in about three days!
    South Korean inflatable dolls?
  • guinnessaddick
    guinnessaddick Posts: 28,609
    ROTW said:
    cafcpolo said:
    Rothko said:
    Crypto investments are up 11% this week, and yes I know it could all be Digital Tulips, and be down 30% in a week, but it's a small bit of money in thing that isn't tied to the markets, so I'll live with that risk 
    I got lucky with a holding of mine, hit a bit of a low point, added to my bag. Went up 50% in about three days!
    South Korean inflatable dolls?
    Warning, your investment could go down as well as up.
  • PragueAddick
    PragueAddick Posts: 22,143
    Note to @golfaddick. Still more than two months to go, Golfie...before we examine your and others predictions for your chosen indices....

    :-)

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