Your questions answered Vol 2 - IM Private Clients
Discussion
superlightr said:
I understand the sentiment but its dishonest. At 18 they are legally entitled to do what they wish. If the parent didnt trust their child to spend it wisely then they should not have paid into their ISA and just made a gift of the money as and when they felt the son/daughter was "mature" enough for the parent to then trust them and bend to their wishes.
I guess you don't know in advance. Something I'm struggling with at the moment for both children and grandchildren - not that I don't trust them, it's just you don't know how things are going to work out. Giving away money is harder than you'd think!Sheepshanks said:
superlightr said:
I understand the sentiment but its dishonest. At 18 they are legally entitled to do what they wish. If the parent didnt trust their child to spend it wisely then they should not have paid into their ISA and just made a gift of the money as and when they felt the son/daughter was "mature" enough for the parent to then trust them and bend to their wishes.
I guess you don't know in advance. Something I'm struggling with at the moment for both children and grandchildren - not that I don't trust them, it's just you don't know how things are going to work out. Giving away money is harder than you'd think!2Btoo said:
Another 'How Long Does It Take?' question ....
I made a contribution to my ISA last week and looking at the IM dashboard it lists the transaction under 'Contributions' as being 'Approved' with a Start Date of 28-03-2024. It also appears to have caused a slight up-tick on the graphs of the funds it's meant to have gone into (suggesting that it has indeed been contributed.) However I can still see my 'Remaining ISA Allowance' hasn't changed.
I'm guessing therefore that the contribution has been made and invested but that the 'Remaining ISA Allowance' figure is slower to update. Is this correct?
(Given the way that markets are going at the mo I'm keen to be invested as much as possible, hence the slight concern.)
Thanks!
HI O,I made a contribution to my ISA last week and looking at the IM dashboard it lists the transaction under 'Contributions' as being 'Approved' with a Start Date of 28-03-2024. It also appears to have caused a slight up-tick on the graphs of the funds it's meant to have gone into (suggesting that it has indeed been contributed.) However I can still see my 'Remaining ISA Allowance' hasn't changed.
I'm guessing therefore that the contribution has been made and invested but that the 'Remaining ISA Allowance' figure is slower to update. Is this correct?
(Given the way that markets are going at the mo I'm keen to be invested as much as possible, hence the slight concern.)
Thanks!
The contributions(X2) were processed normally and yes they are invested. The Remaining ISA allowance has not changed because it's a legal requirement that the custodian validate said allowance before it is amended. In other words, technically any ISA contribution is invested, subject to its validation . I can assure you if one tried to make further contributions, they would be rejected In short, yes it is slow to update.
Regards
Adam
howardmarks said:
Been trying to open a isa account all my details are are correct on applying page but I can't move forward because I have to select employment type. I've thrown everything at that little segment but the list won't come up. Probably me just being old and missing something.
Hi Ken,Steve Cooper is looking at this for you and will contact you.
In the interim, it could be the operating system of your pc is 'old'. The form works fine for us. Just a suggestion if possible try it on an iPad or a different pc is available?
Regards
Adam
Edited by AdamIM on Wednesday 3rd April 10:49
Intelligent Money said:
Hi B9
It usually appears same day or the following day, It was Bank Holiday on Friday and again on Monday so I would think Tuesday now. Drop me a message at nik.burrows@imprivateclients.com if its not showing on Tuesday
Cheers
Nik
I did a separate transaction Monday and all appeared yesterday - thanksIt usually appears same day or the following day, It was Bank Holiday on Friday and again on Monday so I would think Tuesday now. Drop me a message at nik.burrows@imprivateclients.com if its not showing on Tuesday
Cheers
Nik
How long does it take to transfer cash back into my bank account?
B9 said:
Intelligent Money said:
Hi B9
It usually appears same day or the following day, It was Bank Holiday on Friday and again on Monday so I would think Tuesday now. Drop me a message at nik.burrows@imprivateclients.com if its not showing on Tuesday
Cheers
Nik
I did a separate transaction Monday and all appeared yesterday - thanksIt usually appears same day or the following day, It was Bank Holiday on Friday and again on Monday so I would think Tuesday now. Drop me a message at nik.burrows@imprivateclients.com if its not showing on Tuesday
Cheers
Nik
How long does it take to transfer cash back into my bank account?
Regards
Adam
Here's a Q which has been bothering me a little. Not IM-related.
There are two bits of wisdom regularly repeated which (to my mind) seem to contradict each other.
1. It's about time in the market, not timing the market.
2. You should drip-feed into an investment with smaller amounts paid regularly.
If you have a chunk of money to invest then the former wise words suggest you should put it in as soon as possible, but the latter suggests you should pay it into the investment bit by bit. I understand the desire to be invested for as long as possible as well as trying to avoid local peaks and troughs in the market, but which is the bigger danger?
There are two bits of wisdom regularly repeated which (to my mind) seem to contradict each other.
1. It's about time in the market, not timing the market.
2. You should drip-feed into an investment with smaller amounts paid regularly.
If you have a chunk of money to invest then the former wise words suggest you should put it in as soon as possible, but the latter suggests you should pay it into the investment bit by bit. I understand the desire to be invested for as long as possible as well as trying to avoid local peaks and troughs in the market, but which is the bigger danger?
2Btoo said:
Here's a Q which has been bothering me a little. Not IM-related.
There are two bits of wisdom regularly repeated which (to my mind) seem to contradict each other.
1. It's about time in the market, not timing the market.
2. You should drip-feed into an investment with smaller amounts paid regularly.
If you have a chunk of money to invest then the former wise words suggest you should put it in as soon as possible, but the latter suggests you should pay it into the investment bit by bit. I understand the desire to be invested for as long as possible as well as trying to avoid local peaks and troughs in the market, but which is the bigger danger?
History will answer your question.There are two bits of wisdom regularly repeated which (to my mind) seem to contradict each other.
1. It's about time in the market, not timing the market.
2. You should drip-feed into an investment with smaller amounts paid regularly.
If you have a chunk of money to invest then the former wise words suggest you should put it in as soon as possible, but the latter suggests you should pay it into the investment bit by bit. I understand the desire to be invested for as long as possible as well as trying to avoid local peaks and troughs in the market, but which is the bigger danger?
It will show you, that with hinsight, timing the market is the winner, but without hindsight, drip-feeding is the answer.
As the great Harry Callaghan once said, "Do you feel lucky?"
pingu393 said:
2Btoo said:
Here's a Q which has been bothering me a little. Not IM-related.
There are two bits of wisdom regularly repeated which (to my mind) seem to contradict each other.
1. It's about time in the market, not timing the market.
2. You should drip-feed into an investment with smaller amounts paid regularly.
If you have a chunk of money to invest then the former wise words suggest you should put it in as soon as possible, but the latter suggests you should pay it into the investment bit by bit. I understand the desire to be invested for as long as possible as well as trying to avoid local peaks and troughs in the market, but which is the bigger danger?
History will answer your question.There are two bits of wisdom regularly repeated which (to my mind) seem to contradict each other.
1. It's about time in the market, not timing the market.
2. You should drip-feed into an investment with smaller amounts paid regularly.
If you have a chunk of money to invest then the former wise words suggest you should put it in as soon as possible, but the latter suggests you should pay it into the investment bit by bit. I understand the desire to be invested for as long as possible as well as trying to avoid local peaks and troughs in the market, but which is the bigger danger?
It will show you, that with hinsight, timing the market is the winner, but without hindsight, drip-feeding is the answer.
As the great Harry Callaghan once said, "Do you feel lucky?"
2Btoo said:
Here's a Q which has been bothering me a little. Not IM-related.
There are two bits of wisdom regularly repeated which (to my mind) seem to contradict each other.
1. It's about time in the market, not timing the market.
2. You should drip-feed into an investment with smaller amounts paid regularly.
If you have a chunk of money to invest then the former wise words suggest you should put it in as soon as possible, but the latter suggests you should pay it into the investment bit by bit. I understand the desire to be invested for as long as possible as well as trying to avoid local peaks and troughs in the market, but which is the bigger danger?
The old analysis on this showed that 2/3 of the time you'd get better returns by lumping it in vs drip feeding.There are two bits of wisdom regularly repeated which (to my mind) seem to contradict each other.
1. It's about time in the market, not timing the market.
2. You should drip-feed into an investment with smaller amounts paid regularly.
If you have a chunk of money to invest then the former wise words suggest you should put it in as soon as possible, but the latter suggests you should pay it into the investment bit by bit. I understand the desire to be invested for as long as possible as well as trying to avoid local peaks and troughs in the market, but which is the bigger danger?
So, statistically, lump it. But drip feeding smooths out variation, so whilst it can damper gains it can also limit losses.
Essentially, it comes down to your own risk/reward spectrum and your own research of what you think will work best.
Of course, you won't know which was the right decision until after you've made it...!
Mr Pointy said:
I read in another post that about 60% of the time it's best to invest lumps rather than drip, but there wasn't a link to back up the assertion.
Vanguard did some research last year, came out at 68%.https://corporate.vanguard.com/content/dam/corp/re...
GR_TVR said:
Mr Pointy said:
I read in another post that about 60% of the time it's best to invest lumps rather than drip, but there wasn't a link to back up the assertion.
Vanguard did some research last year, came out at 68%.https://corporate.vanguard.com/content/dam/corp/re...
Apologies if this has been covered before, but the PH search function isnt great, and my Google foo appears to run a Null search on the subject.
And now the question, I'm looking at full retirement in around 3 years time, have a pension pot, and an ISA pot.
I'll be taking the ISA pot first most likely after chatting with Nik some time ago, with an intention of taking it down to pretty much zero. Now, is there a method by which I can do this on a regular monthly basis for a set sum per month, without incurring any issues, costs arbitary timescale problems etc?
Take it for given that I'd need 2k/month on the 3rd of each and every month till the funds run dry.
TIA.
And now the question, I'm looking at full retirement in around 3 years time, have a pension pot, and an ISA pot.
I'll be taking the ISA pot first most likely after chatting with Nik some time ago, with an intention of taking it down to pretty much zero. Now, is there a method by which I can do this on a regular monthly basis for a set sum per month, without incurring any issues, costs arbitary timescale problems etc?
Take it for given that I'd need 2k/month on the 3rd of each and every month till the funds run dry.
TIA.
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