Chit Chat
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30 Mar 20
17:34
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Date Joined:
26 Apr 12
The virus is like a death, assuming i survive, i will be a changed man.
I expect to survive and just hope my family is untouched, some are aged others asthmatic etc.
So i am taking a positive line, i am reborn. I am reinventing myself.
When i was young i was top of my economics class and did well in our virtual share portfolio competition.
I am revisiting that world, the entrepreneurial mindset world.
I have put in many learning hours over this last month.
Today began with meditation, followed by indoor floor exercises and then 3K run, have often done more, gym closed.
I am looking at revenue streams to assets(with revenue streams to assets)
I am not looking short term, i am going to leverage into other arenas, possibly land..
Mostly it will be for my son and partly because i can, says he.
It's not a significant amount to begin with.
I haven't got a clue of where to begin with confidence, so i am seeking advice.
Not for picks, more process and peripheral knowledge.
I expect to survive and just hope my family is untouched, some are aged others asthmatic etc.
So i am taking a positive line, i am reborn. I am reinventing myself.
When i was young i was top of my economics class and did well in our virtual share portfolio competition.
I am revisiting that world, the entrepreneurial mindset world.
I have put in many learning hours over this last month.
Today began with meditation, followed by indoor floor exercises and then 3K run, have often done more, gym closed.
I am looking at revenue streams to assets(with revenue streams to assets)
I am not looking short term, i am going to leverage into other arenas, possibly land..
Mostly it will be for my son and partly because i can, says he.
It's not a significant amount to begin with.
I haven't got a clue of where to begin with confidence, so i am seeking advice.
Not for picks, more process and peripheral knowledge.
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Q1
Currently looking at a platform such as Capital.Com. Thought please,good bad indifferent, options. TIA. |
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And seeking advice for such a serious venture on chit chat is a good idea because .....
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That's a fair question Angoose.
Not many post on financial forum and people on here have expressed experience of the markets, also a number of professionally qualified folk who might be able to assist. |
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PS FWIW
I have run a business and am AAT qualified. |
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Don't try to catch a falling knife, catch a rising feather; it's easier.
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Aye, there are a small number who will likely have some helpful information and be able to point you in the right direction.
Then there are the majority, many of whom are certified, just not the certification that you are looking for  |
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Yes i understand that, i'll do my own due diligence in relation to strategies and picks.
It's always good to hear from those who have travelled the path previously. I'm unsure about platforms and fees etc, though obviously i have looked. |
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I don't know that platform, but this is a good watch re platform fees. .https://www.youtube.com/watch?v=Vdbj08NtP0I
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Thanks cider, will do.
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A J Bell, I suppose; or Halifax.
Both staunch. I use a stockbroker who charges high transaction fees but no comm on US/GBP rate. So it's swings and roundabouts. |
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Watch this one as well, more recent.
.https://www.youtube.com/watch?v=AIA1NxqDKGE |
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halifax sharebuilder is pretty good if you want to put a set amount in monthly,you can also put money in and buy and sell shares when you want but the charges are higher than the set monthly plan
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Thanks all, will cover those pointers this evening after dinner.
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unitedbiscuits 30 Mar 20 16:58
Don't try to catch a falling knife, catch a rising feather; it's easier. A pleasing phrase UB. How much off bottom do you wait to ensure the feather is not a dead cat? |
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Stock market novice here
If I thought that this crisis wasn't going to pan out as badly as people think, what sort of shares would be best to hold? |
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If you're a novice concentrate on funds not individual shares.
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okay ty cider. so that would be where funds hold a diverse portfolio of stocks?
i was thinking physical gold, Krugerrands etc? |
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Metals not my thing personally. Ideally you want to start off with a low fee globally diversified fund. Vanguard Lifestrategy is very popular but there are many others. Just drip money in by dd and forget it for 10 years if you can. If you want to gamble eg single shares, set aside an amount, write it off immediately and have some fun.
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nice one cider, ty for taking the time to answer.
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No worries Fire-and-Ice.
Another significant thing to mention is be aware of tax. So you're looking at pension, ISA or LISA depending on your personal circumstances. Even if you have no taxable income, you can drop 2880 per tax year in a sipp and the government tops it up to 3600 for free. |
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Up to age 75
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For what it's worth I'm a chartered accountant albeit I retired quite a few years ago aged 56.
My advice is to find a financial adviser who you trust and then tell him what you want to achieve and he should construct a portfolio to hopefully achieve that in the long term. A very important aspect is your risk tolerance and speaking generally the maxim is the older you are the less risk you want to take on. Having said that another key aspect is your income ;if you have sufficient ,stable income streams you might well be more risk tolerance with your capital. To be honest if you're talking about a capital sum of less than £150k I'd give the whole idea of investing short thrift. |
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With the online resources available today, there's really no need to waste money on an IFA, unless you don't want to put any effort in, then fair enough.
In regard to the last comment posy, the vast majority of people at the very least should be investing into a pension (unless they are over 75 or have access to db). Everyone, bare minimum should be talking advantage of employer contributions available unless they are on the breadline. And anyone on 40% marginal rate, or with kids and dicing with CB cap it's a no brainer. The amount of capital is insignificant, imho. You're trying to increase it over the long term. |
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saddo - Like any other form of gambling, so much depends on whether you get off on the right foot. If you do, it's easy. If you don't, the more you struggle, the worse it gets. So I would wait until the market is definitely going up - two weeks in a row - before buying in. Just my opinion, and I get plenty wrong, but I have past successes to cushion any disappointments. Good luck all.
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Cheers UB. I've opened a share ISA and a SIPP before the tax year end and I'll be in there at some point.
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I would second Cider's scepticism about using an IFA.
The important thing to remember is: a financial adviser does not even pretend to be likely to outperform a pin-sticker. His job is not to maximise a client's returns but a) to protect himself and his associates from any possible future liability b) to normalise very poor returns, so that the client will be be the gift that keeps on giving. Most financial advisers could not find the couch in your living-room. |
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saddo - you get a 20% boost into your SIPP so it's like betting on an 83% book! You could still lose but you would be betting on the right side.
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They will want to avoid litigation risk these days, so will tend to be over cautious in my view, even if the profiling shows an appetite for risk. Much like a default workplace fund.
Past is not a guide to the future etc etc but the s&p 500 returned 9.6% annually for the last decade, dividends reinvested .https://dqydj.com/sp-500-return-calculator/ (it was 13.3% before the corona crash) You don't need an IFA to find an s&p tracker with low fees, DD £200 pcm into a SIPP means £250, come back in a decade. I prefer a globally diversified fund myself, which will be weighted something like 50% US but gives you a bit of cover against the US going t1ts up. |
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After the last crash it returns something like 16.6% over 11 years. As good a time to start in my view.
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Jesus cider that guy is a sensation for anyone with sleeping issues........
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I can only speak as i find.....I use a financial adviser who I've used for over 10 years which costs me 1% of the portfolio per year on an annual basis . I completely agree with cider to pay £2880 into a sipp and take the benefit of the tax reclaim.
I also speculate on my own account with money I can afford to lose and did very well by buying traditional companies when they were rock bottom prices at the turn of the century however a lot of my profit disappeared when getting caught with party gaming, sfi and france telecom. |
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Nah, thanks cider, i have watched a few of his videos and have learned some stuff but i did fall asleep twice..........
I do appreciate all the comments and links, nothing ventured et al... However as i stated am only interested in share picks, not sipps or trackers etc.. Certainly wont be using an IFA either nor 150k....... |
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By how much has your IFA managed fund appreciated over ten years, posy?
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Over the last ten years, I should say..
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1% annually is very very expensive to returns.
Flat fee dealing here peckerdunne: .https://www.x-o.co.uk/ |
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It's a platform one can trust with low cost fees that i'm looking for.
Perhaps i will open 3/4 and take it from there as i learn.. Another thing is tax,how undisclosed are these things, i'm wondering should i keep it in my sons name as i don't want it to appear under mine right now,and also the fact that he may well receive inheritance of it anyhow. |
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1% annually is very very expensive to returns.
yes i was quite shocked tbh... |
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thanks cider, on it..
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