Intelligent Money - your investment questions answered

[JulianPH]

Gallons Per Mile said:

Cheers!

We had a small problem trying to transfer some cash from Nationwide actually. They blocked the transfer as they couldn't see any link between yourselves and Metro Bank... Mum's had to ring them back and ask them to unblock the transaction as we know it's ok. Hopefully the money will show at your end on Monday instead of yesterday!

I just can't understand how this sort of thing still happens. It makes no sense whatsoever.

We have a main feeder account and c. 25,000 named client accounts with them!

I'll get Coops on the case Monday morning, he seems to terrify (or relentlessly wear down, to be more accurate) people into submission!

[JulianPH]

Gallons Per Mile said:

Nick's got a BSc you know... Bronze swimming certificate

That was always one of my favourite lines when Lister highlighted it!

[dingg]

dingg said:

I'm off by 4% over the week in my full funds

c'mon jph stop poncing about (joke btw) hopefully once US election sorted the trend gets back on track , my moneys on it so lets fking hope so :-)

back on track , for the time being anyway , recovered the 4% over the weeks shananigans plus an extra percent making 5% , lets see what Trump action will bring to the markets next week

[JulianPH]

dingg said:

back on track , for the time being anyway , recovered the 4% over the weeks shananigans plus an extra percent making 5% , lets see what Trump action will bring to the markets next week

Good to hear that Grant, same here!

This is a wobbly time and we all have to remember this is a reason why investments are for the longer term. The only important days/valuations are when you buy and sell. Everything inbetween is just getting from A to B.

[dingg]

JulianPH said:

Good to hear that Grant, same here!

This is a wobbly time and we all have to remember this is a reason why investments are for the longer term. The only important days/valuations are when you buy and sell. Everything inbetween is just getting from A to B.

I'm quite surprised that the USA stood up so well with what's going on tbh, but reported USA revenue and earnings are coming in to beat expectations so far,USA indices to reach all time high by year end a distinct possibility.

Just need the FTSE to pull itself back into the game once a brexit deal is agreed and 2021 may become a good year, notwithstanding cv19.

[JulianPH]

dingg said:

I'm quite surprised that the USA stood up so well with what's going on tbh, but reported USA revenue and earnings are coming in to beat expectations so far,USA indices to reach all time high by year end a distinct possibility.

Just need the FTSE to pull itself back into the game once a brexit deal is agreed and 2021 may become a good year, notwithstanding cv19.

The USA response has been incredible and driven by many of the stocks we hold in PH Equity (and other stocks too).

The FTSE has been underwhelming however, but currency movements and Brexit are all part of that.

I think that once Brexit has been done the FTSE will regain ground.

[Phooey]

dingg said:

Just need the FTSE to pull itself back into the game once a brexit deal is agreed and 2021 may become a good year, notwithstanding cv19.

It's an interesting one. I'm not great on politics but read somewhere that outside the EU we need to think US - and Biden might not be our best choice of president (?)

[Gallons Per Mile]

JulianPH said:

I just can't understand how this sort of thing still happens. It makes no sense whatsoever.

We have a main feeder account and c. 25,000 named client accounts with them!

I'll get Coops on the case Monday morning, he seems to terrify (or relentlessly wear down, to be more accurate) people into submission!

Many thanks Julian, she's worried she got the ac/sort code wrong but I'm sure she hasn't. I think she emailed IM from the website about it too, but I'll tell her to hold fire on everything and let Coops sort it out. I guess she'll still need to give Nationwide a call and tell them to definitely release the money.

[Burwood]

Phooey said:

dingg said:

Just need the FTSE to pull itself back into the game once a brexit deal is agreed and 2021 may become a good year, notwithstanding cv19.

It's an interesting one. I'm not great on politics but read somewhere that outside the EU we need to think US - and Biden might not be our best choice of president (?)

Exactly, plenty of people I know, froth at the mouth when Trump is mentioned, laughing at his impending loss. My retort, be careful what you wish for. Trump is not fit for office by any measure but Biden is 'less good' for the UK and Capital Markets. It looks like the latter will rally on the news of any President being announced. This period in the calendar is historically very positive for the markets-i hope it's no different this year.

[PorkInsider]

Burwood said:

Phooey said:

dingg said:

Just need the FTSE to pull itself back into the game once a brexit deal is agreed and 2021 may become a good year, notwithstanding cv19.

It's an interesting one. I'm not great on politics but read somewhere that outside the EU we need to think US - and Biden might not be our best choice of president (?)

Exactly, plenty of people I know, froth at the mouth when Trump is mentioned, laughing at his impending loss. My retort, be careful what you wish for. Trump is not fit for office by any measure but Biden is 'less good' for the UK and Capital Markets. It looks like the latter will rally on the news of any President being announced. This period in the calendar is historically very positive for the markets-i hope it's no different this year.

Agreed.

And Biden is very hot on the Good Friday Agreement which might well throw a spanner in the works regarding a trade deal with the US if Brexit screws up the Irish border.

As you say, a lot of people over here seem to be cheering Trump's downfall and admittedly the bloke's an utter clown but he wasn't doing us much harm and would probably have been better for us than Biden in trade/economy terms.

[Ron-ski]

I've been making regular monthly transfers from Nationwide, last one went through last Monday, no problems at all.

I'm one of the ones pleased about Trumps downfall, how so many Americans can vote for a man like that I don't know, perhaps over there he's considered the lesser of the two evils, or perhaps they are just blind to his lies, trouble making, and firing of anybody who doesn't agree with him. However I am aware that Biden isn't good news for the UK, but hopefully he won't be too bad for us.

[Simpo Two]

PorkInsider said:

And Biden is very hot on the Good Friday Agreement which might well throw a spanner in the works regarding a trade deal with the US if Brexit screws up the Irish border.

I believe Trump is officially President until 20 January, so does that mean he could knock us out a quick trade deal, if only to spite Biden?

[highpeakrider]

Good live coverage from Silverstone

https://www.youtube.com/watch?v=Jg3McS9A540

[Gallons Per Mile]

Ron-ski said:

I've been making regular monthly transfers from Nationwide, last one went through last Monday, no problems at all.

Interesting! Hopefully it'll resolve itself after this first payment.

[JulianPH]

I don't want to get into politics, though I think they are both deranged!

From an investment perspective, US markets don't really care about the figurehead as Congress and the Senate remain firmly locked and so it is business as usual.

In terms of a UK/US trade deal then Biden obviously poses a threat to this being any sort of priority.

[JulianPH]

highpeakrider said:

Good live coverage from Silverstone

https://www.youtube.com/watch?v=Jg3McS9A540

It was a fantastic end to the season and was also live on Sky sports.

I was supposed to be there for a pre-race interview with Jenson and Chris and also take part in a behind the scenes documentary Sky are doing about their involvement, but at the last minute got a call saying the helicopter could not take off due to the fog and I had no time left to get there by car.

To make matters worse it was my mate Kelvin doing the interview and I haven't seen him since the last lockdown was lifted.

Bugger!

[Sheepshanks]

JulianPH said:

From an investment perspective, US markets don't really care about the figurehead as Congress and the Senate remain firmly locked and so it is business as usual.

The Senate is very much up in the air and likely won't be decided until January. It could well change hands to the Democrats

[CoopsIM]

JulianPH said:

Hi Craig

Great to hear! Nik and I will always be available to assist her (well I won't be on Sunday as I am doing a Sky interview at Silverstone with Jenson, but PH 1st world problems, hey!).

Cheers

Julian

Hi Craig. Can you send me an email ([e-mail]) and I'll get onto this straight away for you.

Cheers

Coops

[Ron-ski]

Gallons Per Mile said:

Interesting! Hopefully it'll resolve itself after this first payment.

It's quite possibly related to the matching of account names that Nationwide have recently brought in, mine has been set up for around 6 plus months, so as an existing payment may not be affected. As I understand it if the account name does not match Nationwide should warn you and give you the option to proceed or not, but this may depend on the transaction amount.

[JapanRed]

I’ve sent an email to Nik, with specifics on how much I can pay into my SIPP, but while I wait for him to reply can anyone explain to me in idiots language how I know how much I can pay into my IM SIPP?

As a bit of background I have an NHS salary and also earn money through a ltd co.

I’m considering using the money in my ltd co to maximise this years and all previous years pensions contributions.

How do I (or Nik) calculate this? It seems challenging as I believe that pension contributions (plus growth) must not exceed £40k.

A couple of years ago I received an email from the NHS business authority telling me that my contributions plus growth had exceeded £40k.

It wasn’t an issue at the time as I had unused allowance in previous years. But what happens to people with 7 figure pensions? Surely their growth alone will frequently exceed £40k...

If I maximise all my previous years and then growth takes me over £40k what happens?

Thanks. Rob