The Money Thread...

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Oblomov Boblomov
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PostRe: The Money Thread...
by Oblomov Boblomov » Wed Apr 07, 2021 8:56 am

Thanks GD – claim submitted! It was even quicker and easier than the first time.

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Grumpy David
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PostRe: The Money Thread...
by Grumpy David » Wed Apr 07, 2021 9:18 am

Meep wrote:
Grumpy David wrote:The WFH tax code change has been extended into the 21-22 tax year.

https://blog.moneysavingexpert.com/2020/04/martin-lewis--working-from-home-due-to-coronavirus--claim-p6-wk-/

Very easy to sort out too.

I think it only work out around £64 to your advantage but definitely worth the time to put through anyway for all it takes.


£1.20 per week if a BR tax payer or £2.40 per week if a HRT payer. That's 2 and a half months gym membership paid for with 1 minute of life admin. :datass:

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Jenuall
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PostRe: The Money Thread...
by Jenuall » Wed Apr 07, 2021 12:35 pm

What's the general view in terms of how diversified you should be in terms of pension investments these days?

I've got mine spread across a handful of different funds, all of which are then themselves spread across different places themselves - some US based, others more heavily into Europe and a few in "emerging markets". Despite all of this they all seem to largely fluctuate in line with each other any way! :lol:

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Kanbei
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PostRe: The Money Thread...
by Kanbei » Thu Apr 08, 2021 11:48 am

Jenuall wrote:What's the general view in terms of how diversified you should be in terms of pension investments these days?

I've got mine spread across a handful of different funds, all of which are then themselves spread across different places themselves - some US based, others more heavily into Europe and a few in "emerging markets". Despite all of this they all seem to largely fluctuate in line with each other any way! :lol:


I have funds and indexes all over the place. At last count I have 3 worldwide funds (each with differing objectives), 1 American fund, 1 UK fund and 1 Japanese fund. I also have the Vanguard S&P 500 and FTSE All Global Cap on the go as well (these are the two I am building up at the moment).

Don't think you can have too much diversification.

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Jenuall
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PostRe: The Money Thread...
by Jenuall » Thu Apr 08, 2021 12:26 pm

Kanbei wrote:
Jenuall wrote:What's the general view in terms of how diversified you should be in terms of pension investments these days?

I've got mine spread across a handful of different funds, all of which are then themselves spread across different places themselves - some US based, others more heavily into Europe and a few in "emerging markets". Despite all of this they all seem to largely fluctuate in line with each other any way! :lol:


I have funds and indexes all over the place. At last count I have 3 worldwide funds (each with differing objectives), 1 American fund, 1 UK fund and 1 Japanese fund. I also have the Vanguard S&P 500 and FTSE All Global Cap on the go as well (these are the two I am building up at the moment).

Don't think you can have too much diversification.

Yeah that seems to be the prevailing view. I shall continue to spread my money far and wide! :lol:

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Grumpy David
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PostRe: The Money Thread...
by Grumpy David » Thu Apr 08, 2021 9:34 pm

Kanbei wrote:
Jenuall wrote:What's the general view in terms of how diversified you should be in terms of pension investments these days?

I've got mine spread across a handful of different funds, all of which are then themselves spread across different places themselves - some US based, others more heavily into Europe and a few in "emerging markets". Despite all of this they all seem to largely fluctuate in line with each other any way! :lol:


I have funds and indexes all over the place. At last count I have 3 worldwide funds (each with differing objectives), 1 American fund, 1 UK fund and 1 Japanese fund. I also have the Vanguard S&P 500 and FTSE All Global Cap on the go as well (these are the two I am building up at the moment).

Don't think you can have too much diversification.


You're actually less diversified by being overweight in the USA, UK and Japan funds in addition to holding FTSE Global All Cap (which is already 55% USA stocks) + S&P500 which is just high cap USA stocks (and very much dominated by 6 or 7 especially large companies).

Admittedly those 6 or 7 companies are truly global companies and highly diversified with sales coming from across the world and are near monopolies or duopolies but it's certainly over-exposed in tech and USA overall.

My own Pension portfolio is:

100% equities
0% bonds

And held in the FTSE Global All Cap.

Whilst bonds* reduce volatility due to negatively correlating with equities, the returns are too low and my timeline can ride out the peaks and troughs given my state pension age is almost 4 decades away. The absence of diversification of asset classes wouldn't be something the default workplace pension fund would do but when I get closer to retirement I'll shift towards something like 60/40 as a split.

Long duration treasury bonds from the USA and long dated gilts. Couldn't pay me enough to take bonds in higher yield bonds like Argentina offers or in emerging market index bonds!

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Lotus
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PostRe: The Money Thread...
by Lotus » Sun Apr 18, 2021 3:32 pm

Grumpy David wrote:
Meep wrote:
Grumpy David wrote:The WFH tax code change has been extended into the 21-22 tax year.

https://blog.moneysavingexpert.com/2020/04/martin-lewis--working-from-home-due-to-coronavirus--claim-p6-wk-/

Very easy to sort out too.

I think it only work out around £64 to your advantage but definitely worth the time to put through anyway for all it takes.


£1.20 per week if a BR tax payer or £2.40 per week if a HRT payer. That's 2 and a half months gym membership paid for with 1 minute of life admin. :datass:

If I submitted this claim last year and had my tax code adjusted, do I need to claim again? I don't know if tax codes get carried over from one tax year to the next or not.

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Tomous
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PostRe: The Money Thread...
by Tomous » Sun Apr 18, 2021 3:33 pm

Lotus wrote:
Grumpy David wrote:
Meep wrote:
Grumpy David wrote:The WFH tax code change has been extended into the 21-22 tax year.

https://blog.moneysavingexpert.com/2020/04/martin-lewis--working-from-home-due-to-coronavirus--claim-p6-wk-/

Very easy to sort out too.

I think it only work out around £64 to your advantage but definitely worth the time to put through anyway for all it takes.


£1.20 per week if a BR tax payer or £2.40 per week if a HRT payer. That's 2 and a half months gym membership paid for with 1 minute of life admin. :datass:

If I submitted this claim last year and had my tax code adjusted, do I need to claim again? I don't know if tax codes get carried over from one tax year to the next or not.



Yes you need to do it again.

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Dual
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PostRe: The Money Thread...
by Dual » Tue May 18, 2021 11:21 pm

Just opened my stocks and shares ISA with vanguard buying into FTSE Global All Cap.

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Tomous
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PostRe: The Money Thread...
by Tomous » Wed May 19, 2021 12:59 am

Dual wrote:Just opened my stocks and shares ISA with vanguard buying into FTSE Global All Cap.



I opened the same recently.

It's a nice platform, very clean and easy to use.

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Rocsteady
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PostRe: The Money Thread...
by Rocsteady » Wed May 19, 2021 7:25 am

Yeah Vanguard does have a nice set up. Pulled all my money to buy a house but will be putting every bit of spare cash back into that from a few months time.

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Dual
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PostRe: The Money Thread...
by Dual » Fri May 21, 2021 2:38 pm

My initial £500 is now worth £504.

:toot:

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Rocsteady
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PostRe: The Money Thread...
by Rocsteady » Fri May 21, 2021 3:27 pm

Dual wrote:My initial £500 is now worth £504.

:toot:

Baller!

That's definitely one to forget about for years.

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Clarkman
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PostRe: The Money Thread...
by Clarkman » Thu Jun 17, 2021 6:35 pm

Nutmeg have been acquired by JP Morgan.

I've had an ISA since 2016 with Nutmeg and had a really good experience, so very annoyed by this news. I can't support JP Morgan in any way.

Could anyone advise on the process and options for transferring my ISA to a new wealth manager? I realise that Vanguard is the obvious choice, but not sure what that process would involve.

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Dual
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PostRe: The Money Thread...
by Dual » Thu Jun 17, 2021 9:03 pm

Clarkman wrote:Nutmeg have been acquired by JP Morgan.

I've had an ISA since 2016 with Nutmeg and had a really good experience, so very annoyed by this news. I can't support JP Morgan in any way.

Could anyone advise on the process and options for transferring my ISA to a new wealth manager? I realise that Vanguard is the obvious choice, but not sure what that process would involve.


Vanguard will do it all for you. I'm going through the process of moving an old ISA with NS&I atm.

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No:1 Final Fantasy Fan
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PostRe: The Money Thread...
by No:1 Final Fantasy Fan » Sat Jul 31, 2021 10:17 am

Tomous wrote:
Dual wrote:Just opened my stocks and shares ISA with vanguard buying into FTSE Global All Cap.



I opened the same recently.

It's a nice platform, very clean and easy to use.

Thanks I was just looking for an international fund to start investing in monthly but no idea which. Will invest in this one also.

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Lagamorph
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PostRe: The Money Thread...
by Lagamorph » Thu Aug 12, 2021 4:41 pm

So my mum has asked me to take a look at something for her Uncle, but there's little to no information to go on and I've no idea where to even start.

Basically her Uncle wants to sell shares he has in multiple companies, but about all the information I have is that "He has a portfolio folder in his filing cabinet", so there doesn't seem to be any kind of online component involved. Apparently he's had them for years, but I've no idea how that works. Is he likely to just have certificates/paperwork that basically states "Person X holds Y amount of shares in Company Z"?
And if so how does he go about selling them? Does he need to go via some kind of specialist broker? Can he just take them to the bank and essentially convert them to cash?

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Dual
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PostRe: The Money Thread...
by Dual » Thu Aug 12, 2021 6:20 pm

Lagamorph wrote:So my mum has asked me to take a look at something for her Uncle, but there's little to no information to go on and I've no idea where to even start.

Basically her Uncle wants to sell shares he has in multiple companies, but about all the information I have is that "He has a portfolio folder in his filing cabinet", so there doesn't seem to be any kind of online component involved. Apparently he's had them for years, but I've no idea how that works. Is he likely to just have certificates/paperwork that basically states "Person X holds Y amount of shares in Company Z"?
And if so how does he go about selling them? Does he need to go via some kind of specialist broker? Can he just take them to the bank and essentially convert them to cash?


Would suggest you look into hiring a financial advisor depending on how bad/good the records are.

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Ecno
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PostRe: The Money Thread...
by Ecno » Fri Aug 20, 2021 10:06 am

Does anyone here happen to have a SaxoBank Stocks & Shares ISA?

Donate to the Ukrainian Military's fight against fascism.

https://bank.gov.ua/en/news/all/natsion ... ebi-armiyi

Contact your MP to voice support for Ukraine
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Grumpy David
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PostRe: The Money Thread...
by Grumpy David » Fri Sep 03, 2021 1:10 pm

Almost a year and a half ago my shares ISA went from plus 25% to minus 20% in a matter of days. Just checked it for the first time in months and it's now plus 72% (average weighted payment from July 2018 to present) for lifetime to date gains. Would have been kicking myself if I panic-sold last March! Instead I'm just regretting not taking more cash from my regular savings accounts and putting it into investments instead.


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