S&P500 at record highs - time to stay in or pull out?
Discussion
Mr Pointy said:
I must admit to being a bit naughty with the extra zero to see what reaction it would get. I think financial education is very important but the reality is not sticking a bit away from your wages as a waitress & suddenly being able to refurbish your Dad's restaurant. It's much harder & slower than that.
Ah fair enough, I was the fish that bit. 
100% agree re financial education. My parents always encouraged me to save and seeing them pay their mortgage off 12 years early on pretty average salaries was great.
Although hearing my Dad say recently on his 60th he doesn't have enough to retire anytime soon was heartbreaking. I suppose that's the difference between saving and getting a few % interest and investing.
Josemartinez said:
Mr Pointy said:
I must admit to being a bit naughty with the extra zero to see what reaction it would get. I think financial education is very important but the reality is not sticking a bit away from your wages as a waitress & suddenly being able to refurbish your Dad's restaurant. It's much harder & slower than that.
Ah fair enough, I was the fish that bit. 100% agree re financial education. My parents always encouraged me to save and seeing them pay their mortgage off 12 years early on pretty average salaries was great.
Although hearing my Dad say recently on his 60th he doesn't have enough to retire anytime soon was heartbreaking. I suppose that's the difference between saving and getting a few % interest and investing.
I'm drumming into my daughters that every £ they put away into a sensible long term investment is a step closer to their money working harder than they have to. They look at me just turned 60 and in a position that I work because I want to not because I have to and it's a very powerful motivator not to fritter it away.
Mr Pointy said:
Josemartinez said:
Mr Pointy said:
It's fine if you want to play about with a small amount like £100k in an ISA,
I know PH is full of powerfully built directors but did you put the 0's in by accident? £100k is not an amount of money to be playing with for 99% of the population. paulguitar said:
Well, I have taken the big plunge and bunged £40k into S&S.
Expect the biggest market crash since 1929 imminently.
Lol I just wanged in another twenty. Was trying to tfr a cash ISA but ended up tfring to S&S due to HL tfr process so bought some more lifestrategy instead. Seems to be up so far.Expect the biggest market crash since 1929 imminently.
Blue_star said:
paulguitar said:
Well, I have taken the big plunge and bunged £40k into S&S.
Expect the biggest market crash since 1929 imminently.
Hahhaha brilliant. Expect the biggest market crash since 1929 imminently.
Have you chosen investments yet?
Got £30k of dividends from RIO always a reliable payer.
All straight into Vanguard global all caps.
BTW a tip for tracker investments not in an ISA, if you opt for the income version of the fund you get the dividends as cash and then manually reinvest them. That way it’s super easy to keep track of the tax situation.
With the accumulation version with dividend reinvested you need to pay dividend tax annually but also deduct the reinvested dividends from you total amount when you sell to work out the capital gain, otherwise you will be taxed CGT on the reinvested dividend ie double taxation. The manual way is far simpler.
(For and ISA it makes no difference of course so you ma as well choose the accumulation fund in your isa.)
All straight into Vanguard global all caps.
BTW a tip for tracker investments not in an ISA, if you opt for the income version of the fund you get the dividends as cash and then manually reinvest them. That way it’s super easy to keep track of the tax situation.
With the accumulation version with dividend reinvested you need to pay dividend tax annually but also deduct the reinvested dividends from you total amount when you sell to work out the capital gain, otherwise you will be taxed CGT on the reinvested dividend ie double taxation. The manual way is far simpler.
(For and ISA it makes no difference of course so you ma as well choose the accumulation fund in your isa.)
Inlineonline said:
Got £30k of dividends from RIO always a reliable payer.
All straight into Vanguard global all caps.
BTW a tip for tracker investments not in an ISA, if you opt for the income version of the fund you get the dividends as cash and then manually reinvest them. That way it s super easy to keep track of the tax situation.
With the accumulation version with dividend reinvested you need to pay dividend tax annually but also deduct the reinvested dividends from you total amount when you sell to work out the capital gain, otherwise you will be taxed CGT on the reinvested dividend ie double taxation. The manual way is far simpler.
(For and ISA it makes no difference of course so you ma as well choose the accumulation fund in your isa.)
Great tip, appreciated!All straight into Vanguard global all caps.
BTW a tip for tracker investments not in an ISA, if you opt for the income version of the fund you get the dividends as cash and then manually reinvest them. That way it s super easy to keep track of the tax situation.
With the accumulation version with dividend reinvested you need to pay dividend tax annually but also deduct the reinvested dividends from you total amount when you sell to work out the capital gain, otherwise you will be taxed CGT on the reinvested dividend ie double taxation. The manual way is far simpler.
(For and ISA it makes no difference of course so you ma as well choose the accumulation fund in your isa.)
Inlineonline said:
Josemartinez said:
Mr Pointy said:
It's fine if you want to play about with a small amount like £100k in an ISA,
I know PH is full of powerfully built directors but did you put the 0's in by accident? £100k is not an amount of money to be playing with for 99% of the population. Is it me, or to make sense, should the word 'no' be deleted ?
Usually the size of anyone's portfolio would be to some extent, related to the number of years of continual investment. It is certainly not a get rich quick game.
Measurement of wealth often includes a home. In many cases where the home is retained, the actual property value is irrelevant, because we need somewhere to live. Some households 'downsize', but I suggest that in the majority of cases, people die while still owning their home.
Another perhaps more meaningful measurement of wealth, is restricting it to liquid assets. Savings, shares etc. which could be liquidated promptly at any time. To make it into that UK top 2%, requires £1 million liquid assets. so probably about 1 million people.
Edited by Jon39 on Thursday 16th April 21:26
Hustle_ said:
Simpo Two said:
Hustle_ said:
Simpo Two said:
The UK is getting the worst effect because we rely more on energy imports. And why would that be? Ah yes, we closed the power stations and built windmills instead. Effect on climate change? Zip. Effect on the citizens? £££. Well done Millipede and all the green nutters. Want to 'just stop oil'? Well now you see what happens if you do.
So what do you think we should be running on then? To me it reads as 'coal'? Because we are currently building new nuclear and gas-fired power stations? Hustle_ said:
732NM said:
Hustle_ said:
How is that oil going to alleviate our energy dependencies?
Do i really have to post the Sky video again? The one that explains this and how it's also greener to develop the North Sea than import?Jon39 said:
Inlineonline said:
Josemartinez said:
Mr Pointy said:
It's fine if you want to play about with a small amount like £100k in an ISA,
I know PH is full of powerfully built directors but did you put the 0's in by accident? £100k is not an amount of money to be playing with for 99% of the population. Is it me, or to make sense, should the word 'no' be deleted ?
Usually the size of anyone's portfolio would be to some extent, related to the number of years of continual investment. It is certainly not a get rich quick game.
Measurement of wealth often includes a home. In many cases where the home is retained, the actual property value is irrelevant, because we need somewhere to live. Some households 'downsize', but I suggest that in the majority of cases, people die while still owning their home.
Another perhaps more meaningful measurement of wealth, is restricting it to liquid assets. Savings, shares etc. which could be liquidated promptly at any time. To make it into that UK top 2%, requires £1 million liquid assets. so probably about 1 million people.
Edited by Jon39 on Thursday 16th April 21:26
Inlineonline said:
BTW a tip for tracker investments not in an ISA, if you opt for the income version of the fund you get the dividends as cash and then manually reinvest them. That way it s super easy to keep track of the tax situation.
With the accumulation version with dividend reinvested you need to pay dividend tax annually but also deduct the reinvested dividends from you total amount when you sell to work out the capital gain, otherwise you will be taxed CGT on the reinvested dividend ie double taxation. The manual way is far simpler.
(For and ISA it makes no difference of course so you ma as well choose the accumulation fund in your isa.)
Thanks, I've made a note to do that With the accumulation version with dividend reinvested you need to pay dividend tax annually but also deduct the reinvested dividends from you total amount when you sell to work out the capital gain, otherwise you will be taxed CGT on the reinvested dividend ie double taxation. The manual way is far simpler.
(For and ISA it makes no difference of course so you ma as well choose the accumulation fund in your isa.)
What I find interesting is the relationship between having money in retirement and not. In my experience it s materially correlated to the premium bond investor stocks are a scam; type sadly they have told their offspring the same . Most of my retired friends are poor and complain. Pension is s
t etc etc. boggles my mind. Whilst they were spending I was investing-very simple. You d think it would cotton on. It doesn’t because the majority are lazy and weak. They won’t go without for 5 minutes-that’s Uk plc
t etc etc. boggles my mind. Whilst they were spending I was investing-very simple. You d think it would cotton on. It doesn’t because the majority are lazy and weak. They won’t go without for 5 minutes-that’s Uk plcEdited by PeteTaylor99 on Thursday 16th April 21:47
PeteTaylor99 said:
Hustle_ said:
Simpo Two said:
Hustle_ said:
Simpo Two said:
The UK is getting the worst effect because we rely more on energy imports. And why would that be? Ah yes, we closed the power stations and built windmills instead. Effect on climate change? Zip. Effect on the citizens? £££. Well done Millipede and all the green nutters. Want to 'just stop oil'? Well now you see what happens if you do.
So what do you think we should be running on then? To me it reads as 'coal'? Because we are currently building new nuclear and gas-fired power stations? 732NM said:
This interpretation brought to you by the UK Oil & Gas lobby
PeteTaylor99 said:
It s common sense that securing your own energy is critical. Ed will tell the gullible it won t change the pump price but that s a completely different obfuscation.
Why are you talking about energy, oil, gas, petrol, diesel, as if they’re synonymous? I don’t think you know much about the industry.Gassing Station | Finance | Top of Page | What's New | My Stuff