Savings and Investments thread
Comments
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I agree. I think this weeks is going to get very messy. Things seemed to have been rather calm until last thurs & fri. But then I started seeing clients portfolios down around 2-3%. If the oil price stays above $100 a barrel & markets fear another inflation spike then I'm expecting most markets to fall around 5% over the next few days.
Coming to the end of the tax year it might tempt a few punters to use their £20k ISA allowance if they haven't already done so. Or after Easter invest their full £20k at the start of the new tax year. Bargains to be had....😉0 -
I think we should have an enquiry into whether @Er_Be_Ab_Pl_Wo_Wo_Ch had inside information when putting his prediction in!Rob7Lee said:Let me know if I missed anyone:Name Level Er_Be_Ab_Pl_Wo_Wo_Ch 7,500 Lenglover 8,301 bobmunro 9,214 Pedro45 9,549 Fortune 82nd Minute 9,715 Redman 9,800 Rob7Lee 9,920 Addick Addict 9,944 Jamescafc 9,950 Addickinedi 9,999 CAFCWest 10,101 valleynick66 10,213 StrikerFirmani 10,265 TheGhostofTomHovi 10,342 fat man on a moped 10,376 Jon_CAFC_ 10,378 WHAddick 10,401 RalphMilne 10,410 LargeAddick 10,412 guinnessaddick 10,485 Covered End 10,487 PragueAddick 10,488 HardyAddick 10,500 thecat 10,520 Housty 10,542 CharltonKerry 10,560 blackpool72 10,620 golfaddick 10,660 Hornchurch 10,666 @TelMc32 10,700 Thread Killer 10,715 Solidgone 10,801 Carter 10,998 cafcpolo 11,008 Friend or Defoe 11,050 IdleHans 11,111 Huskaris 11,120 wwaddick 11,227 Diebythesword 11,250 3 -
Has anyone ever seen @Er_Be_Ab_Pl_Wo_Wo_Ch and Trump in the same room? 🤔😉Fortune 82nd Minute said:
I think we should have an enquiry into whether @Er_Be_Ab_Pl_Wo_Wo_Ch had inside information when putting his prediction in!Rob7Lee said:Let me know if I missed anyone:Name Level Er_Be_Ab_Pl_Wo_Wo_Ch 7,500 Lenglover 8,301 bobmunro 9,214 Pedro45 9,549 Fortune 82nd Minute 9,715 Redman 9,800 Rob7Lee 9,920 Addick Addict 9,944 Jamescafc 9,950 Addickinedi 9,999 CAFCWest 10,101 valleynick66 10,213 StrikerFirmani 10,265 TheGhostofTomHovi 10,342 fat man on a moped 10,376 Jon_CAFC_ 10,378 WHAddick 10,401 RalphMilne 10,410 LargeAddick 10,412 guinnessaddick 10,485 Covered End 10,487 PragueAddick 10,488 HardyAddick 10,500 thecat 10,520 Housty 10,542 CharltonKerry 10,560 blackpool72 10,620 golfaddick 10,660 Hornchurch 10,666 @TelMc32 10,700 Thread Killer 10,715 Solidgone 10,801 Carter 10,998 cafcpolo 11,008 Friend or Defoe 11,050 IdleHans 11,111 Huskaris 11,120 wwaddick 11,227 Diebythesword 11,250 5 -
Surprised nobody saying to much about impact of their investment portfolio / Pension pots. Personally, I don’t think I’m doing to badly my mixed bag held in Halifax Stocks & Shares ISA is down from a recent High of £223,000 to £212,000 as at 11:00 today (-4.5%) I’m holding a mix of UK FTSE 100 (60%) USA Funds (25%) Rest of world (15%). Fortunately this is not my pension, I have my DB pension from Lloyds Bank along with state that is my monthly income. Be interested in how others are fairing in this uncertain period …. ?0
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I'm viewing this as chaos deliberately manufactured to keep trump out of jail and enable his genocidal slaphead Israeli best pal to keep on genociding. I still think this will resolve in the fairly short term, much like the tariff nonsense. There was a sharp dip but markets bounced back and then some.
I look back on the tariff thing as a buying opportunity, and if I wasn't as invested as I am currently then I'd be looking to top up in the next few weeks.
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holyjo said:
I’m fortunate to have close to seven figures invested in my pension fund. I don’t expect to need to draw on it for a few years yet, so I have some time to think carefully about the next steps.
For reasons that aren’t particularly relevant now, my pension is currently managed by Fisher Investments. I realise that may prompt some strong reactions, as I’m aware they are relatively fee heavy. Because of that, I’m increasingly open to considering alternatives that might be more cost efficient while still aligning with my plans over the next phase.
My general investment approach has been fairly straightforward. I have tended to stay fully invested in higher risk equities on the basis that I’m in the market for the long term. At the moment I’m thinking about a rough timeframe of perhaps five years before I might begin drawing down.
I’m not really looking for bespoke financial advice, but I would be interested in hearing how others might think about this if they were in a similar position. For example:
• Where might you consider investing around £1m over the next five years if you were not planning to draw from it immediately?
• Would you remain heavily equity focused, or begin shifting toward something more balanced as retirement approaches?
• Are there particular platforms, providers, or structures that you think are worth exploring from a cost or flexibility perspective?
Looking slightly further ahead, I’m also interested in views on the retirement phase itself. My instinct is that I’m unlikely to buy an annuity, although I haven’t ruled it out entirely. My assumption at the moment is that I would probably use drawdown and keep the majority of the portfolio invested.
More generally, I’d be interested to hear how people think about the trade off between continuing with drawdown versus securing part of the income through an annuity at some stage.
As I said, I’m not looking for personal advice as such, just interested in the different approaches people take and any useful places to look when thinking about this stage of planning.
You are in similar position to me when I retired, at 62, although that was 11 years so things have changed somewhat since. I would certainly have a chat with an IFA. I use one and he charged me just £1,500 for a general review of my finances and needs. It was wide ranging and came up with lots of ideas and tips.
At the time I had 3 DC pots and a DB pension. Things I wanted included me to control, low fees and relatively high risk in the equity v bonds debate.
We ended up moving the DC schemes all to Scottish Widows, who at the the time were best for allowing me to control ie in terms of where the money was invested and to make random drawdowns.
I've always favoured index link funds - most will disagree (Golfie!) but I have done very well. Besides lower fees, there is less management/reviews needed.
Scottish widows do a variety of portfolios, which include variable equity/bond/gilt ratios, as well as having access to other funds. Relatively low fees. So with 5 funds I was able to get to a spread that met my needs.
I have been told that the one of the benefits of an annuity can be if you want to make regular gifts to avoid IHT (ie the out of surplus income rule). Otherwise most people still favour drawdown.
No recommendations but maybe some food for thought.
Certainly speak to an IFA1 -
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Rob7Lee said:Let me know if I missed anyone:
Name Level Er_Be_Ab_Pl_Wo_Wo_Ch 7,500 Lenglover 8,301 bobmunro 9,214 Pedro45 9,549 Fortune 82nd Minute 9,715 Redman 9,800 Rob7Lee 9,920 Addick Addict 9,944 Jamescafc 9,950 Addickinedi 9,999 CAFCWest 10,101 valleynick66 10,213 StrikerFirmani 10,265 TheGhostofTomHovi 10,342 fat man on a moped 10,376 Jon_CAFC_ 10,378 WHAddick 10,401 RalphMilne 10,410 LargeAddick 10,412 guinnessaddick 10,485 Covered End 10,487 PragueAddick 10,488 HardyAddick 10,500 thecat 10,520 Housty 10,542 CharltonKerry 10,560 blackpool72 10,620 golfaddick 10,660 Hornchurch 10,666 @TelMc32 10,700 Thread Killer 10,715 Solidgone 10,801 Carter 10,998 cafcpolo 11,008 Friend or Defoe 11,050 IdleHans 11,111 Huskaris 11,120 wwaddick 11,227 Diebythesword 11,250
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UK market held up rather well today. FTSE dropped almost 2% during the first 15 mins of trading & bounced around the 10,100 level for 90 mins or so. Then gained half of that loss in 30 mins to stand at 10180 by mid morning, and then again bobbed around between 10140 & 10180 until the US markets opened, when it then rose again to finish just shy of 10250. Overall a loss of just 0.35%. European markets didn't fare as well with most falling between 0.75 to 1%.
US markets generally down at the moment but not by much. S&P500 only down by 0.13%.
So I say to all you would be investors - hold your nerve & things will right themselves soon enough. By the time we are safe from relegation you will wonder what all the fuss was about.
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I put about 75% of my pension into cash 6 or so months ago, might start buying a bit back 😂
who knows where we’ll be in two days let alone two months or two years.0 -
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Any savings account recommendations? Have about 5k.0
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Probably a year with access if I need it. Not used up ISA allowance. No major benefit of putting it in an ISA if a basic rate payer with a relatively small amount is there?0
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Always worth using the ISA allowance as over time you may end up earning more interest than the allowance.Mike said:Probably a year with access if I need it. Not used up ISA allowance. No major benefit of putting it in an ISA if a basic rate payer with a relatively small amount is there?I'd go for a Trading 212 Cash ISA, it's a flexible ISA as well as paying one of the best rates and pays the same/beats non ISA instant access accounts.Apply via the money saving expert link for 4.56%:3 -
Cheers mate0
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