Saving £250 a month. Have I started off the right way?

Saving £250 a month. Have I started off the right way?

Author
Discussion

toastyhamster

1,661 posts

95 months

Thursday 14th September 2017
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I understand the reasoning of what you're doing while rates are low, but I really wanted the mortgage monkey off my back. SO is seriously fed up of her job and frankly both of us could now afford some time off if it came to it, monthly outgoings have tumbled.

essayer

9,011 posts

193 months

Friday 15th September 2017
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I started a SIPP in February in a similar way although after some researching I split 50% gilts / 50% share funds, the latter split across geographic regions in low cost funds

Appears that of this morning I am -0.3% down not including fees. Looks like the GBP recovering yesterday wiped me out hehe

Oh well, it's long term!





mart73

56 posts

140 months

Wednesday 20th September 2017
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essayer said:
I started a SIPP in February in a similar way although after some researching I split 50% gilts / 50% share funds, the latter split across geographic regions in low cost funds

Appears that of this morning I am -0.3% down not including fees. Looks like the GBP recovering yesterday wiped me out hehe

Oh well, it's long term!
With a SIPP, you'll have had a government contribution of 20% thrown in, so technically you're still up. smile

Maxf

8,404 posts

240 months

Wednesday 20th September 2017
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essayer said:
I started a SIPP in February in a similar way although after some researching I split 50% gilts / 50% share funds, the latter split across geographic regions in low cost funds

Appears that of this morning I am -0.3% down not including fees. Looks like the GBP recovering yesterday wiped me out hehe

Oh well, it's long term!
I dont know how old you are but 50% gilts is always going to be a low return. Unless you're retiring soon, I'd think about sticking them into equities. IMO, of course.

supercommuter

2,169 posts

101 months

Wednesday 20th September 2017
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Why CPX by the way?