The Money Thread...

[Dual]

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.

What's your investment in?

My FTSE Global Tracker is nicely ticking away.

[Tomous]

My FTSE Global All Cap Index Fund is up 10% from when I opened it in March.

I really wish I'd starting used investment ISAs earlier in my life.

[Dual]

My FTSE Global All Cap Index Fund is up 10% from when I opened it in March.

I really wish I'd starting used investment ISAs earlier in my life.

Same bro. But better now than never. My parents are having to delay retirement because they've strawberry float all between them - that ain't happening to me!

[Grumpy David]

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.

What's your investment in?

My FTSE Global Tracker is nicely ticking away.

Same fund as yourself. The FTSE Global All Cap tracker. Its what my ISA and pension are in, 100% equities, nothing else needed for now.

I'm in 2 minds about opening a lifetime ISA but I don't think it's quite right for me when comparing the options of the pension and normal ISA or having spare cash for shorter term goals.

[Rocsteady]

I had to pull all mine out to buy a house during a dip, at only about 11% gains :'(

I'm planning to get back in the game from Jan. I am a little wary atm though as stocks are at insane highs in general.

[Dual]

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.

What's your investment in?

My FTSE Global Tracker is nicely ticking away.

Same fund as yourself. The FTSE Global All Cap tracker. Its what my ISA and pension are in, 100% equities, nothing else needed for now.

I'm in 2 minds about opening a lifetime ISA but I don't think it's quite right for me when comparing the options of the pension and normal ISA or having spare cash for shorter term goals.

What's the thinking behind having pension and s&s ISA in the same fund?

Mine is in the default employer mid risk standard Life choice atm but was thinking of putting it a in something really risky to see where it goes.

[Dual]

Also has anyone looked at junior s&s ISA for their kids?

[Grumpy David]

What's the thinking behind having pension and s&s ISA in the same fund?

Mine is in the default employer mid risk standard Life choice atm but was thinking of putting it a in something really risky to see where it goes.

I have the bulk of the my savings in premium bonds which has short term large outgoings planned for, whilst the shares ISA is intended to be a much longer term savings timeline without a specific year or amount in mind for when I might want to use it.

Effectively I'm treating it as a post tax type of pension (similar to the lifetime ISA) but without losing the ability to access it until retirement should I need access to it before then.

It's the same fund because both my shares ISA and pension have timelines that are measured in decades rather than years or months so the ratio of equities to bonds can be on the high side and the fund is a globally diversified low cost tracker which keeps it simple and low cost.

[Green Gecko]

Got a good boost today. My credit score is 8 points below Excellent despite having a strawberry floating terrible income and I have no missed payments on record for several years.

This quite possibly means I have financed numerous aspects of my business without strawberry floating it up royally despite literally never making a net profit, which means I probably won't pay any income tax for about half a decade or more.

Possibly means I would qualify for a person loan eventually, if I felt like taking even more risks. Which I'm not. I'm perfectly happy attempting to make money with what I've already acquired.

Anyway, back to index trackers and ISAs and stuff.

[Abacus]

Got a good boost today. My credit score is 8 points below Excellent despite having a strawberry floating terrible income and I have no missed payments on record for several years.

This quite possibly means I have financed numerous aspects of my business without strawberry floating it up royally despite literally never making a net profit, which means I probably won't pay any income tax for about half a decade or more.

Possibly means I would qualify for a person loan eventually, if I felt like taking even more risks. Which I'm not. I'm perfectly happy attempting to make money with what I've already acquired.

Anyway, back to index trackers and ISAs and stuff.

Yeah, basically the whole measure here seems to be how reliably you pay your debts back.

You actually get a better credit score for taking out loans and paying them back, on time, rather than never taking on any debt at all.

Essentially, it's sometimes better to buy stuff on a credit card, then pay it off on time before you incur any interest because that proves you're credit worthy. If you can do that, of course.

[Green Gecko]

Yup, pretty much. I was terrified of credit cards, then one day some idiot approved me for an almost £2000 overdraft to pay for a deposit on renting a house. An overdraft I am still, in fact, paying back to this day (this was in 2012), £40 per month (was £10 per month but FCA rules worked against me to mandate all overdrafts are paid down within a finite period, regardless of what the monthly repayment calculates as).

Then I took a punt after I could see my jobs fizzling out on one machine and just bought it after getting approved for a small £2000 credit. Eventually I was eligible for another card to pay that card off at 0% interest balance transfer. I qualified again with Tesco last year for a much higher limit and paid off the previous card again (actually, I did both money transfers and simultaneous balance transfers between cards to qualify for 0% interest over 12-18 months). And so on. But I remain with two balances with one being a money transfer card so I have the means to borrow if I need to.

Obviously, I continue to pay money off the cards each month and will do so at a rate that the cost of borrowing is far lower than some other forms of borrowing (including personal loans which can be pretty expensive).

Actually, with VAT refunds, sometimes the cost of borrowing is nil because I get that back from HMRC now.

This is only really a big deal if in business, say for example you get a job request for something you can't do without new equipment. I can buy that equipment, make the sale under contract, deliver it and then pay off the equipment in full and perhaps retain a gross profit above that amount. In fact I charge upfront so the only risk is something going wrong or the customer demanding their money back, which they can't do unless I've somehow mislead them.

Otherwise, it's pretty much impossible, and just someone else ends up doing it.

In terms of making something out of nothing, well, I've done that.

There's always a plan B of course. Fixed assets retain at least some of their value, so I can liquidate everything and pay down most if not all of my debts and do something else. It's a last resort, but it's there. I never buy rubbish... would probably be a different story if I bought equipment from overseas that nobody in their right mind would want unless they were desperate not to invest much at all and just hope that equipment doesn't fail them... Oh what a mistake that could have been.

[Red]

Won £50 on the premium bonds this morning, whoop whoop.

[Curls]

So did my dad.....is that you dad?

[Rocsteady]

Dropped my first grand into the Vanguard FTSE All Cap fund. Back in the game

[Dual]

Dropped my first grand into the Vanguard FTSE All Cap fund. Back in the game

We're going to the moon baby. (in 20-30 years time with regular passive investment )

[Grumpy David]

4 months in a row of £25 prizes in Premium Bonds.

[Red]

I got £25 again this month after the £50 last month.

[Dual]

I've just set up my Chase account and new card. 1% cashback on all spending and a round up account that gets 5%.

No direct debits on the account yet so I'm just going to top it up from my current account and use it as a cash card.

[Curls]

I've just set up my Chase account and new card. 1% cashback on all spending and a round up account that gets 5%.

No direct debits on the account yet so I'm just going to top it up from my current account and use it as a cash card.

Tell me more.

Edit: Just downloaded the App. You need a code, Dya have one?

[Dual]

I've just set up my Chase account and new card. 1% cashback on all spending and a round up account that gets 5%.

No direct debits on the account yet so I'm just going to top it up from my current account and use it as a cash card.

Tell me more.

Edit: Just downloaded the App. You need a code, Dya have one?

Go on their website and put your details down on the waitlist. It took a few days for the code to come out.