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Post by martin44 on Jul 9, 2019 19:20:32 GMT
What is your strategy going to be for your SIPP retirement activities? I'm at least 10 years away from having to implement mine but I'm interested in the thinking that people are developing since the strategy will have to work for the next 30 years or so under a raft of changing governments. TBH.. i have very little (under 100k) in "Actual" pension investment pots... i invested in property instead and now find myself cashing in..... with maybe an addition question/thread.... what do i do with the incoming money to provide me with a nice income seeing as lendy/moneything/p2p in general has B*****s up my extremely naive vision of 12% for the next 15 years......
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IFISAcava
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Post by IFISAcava on Jul 9, 2019 19:49:25 GMT
What is your strategy going to be for your SIPP retirement activities? I'm at least 10 years away from having to implement mine but I'm interested in the thinking that people are developing since the strategy will have to work for the next 30 years or so under a raft of changing governments. TBH.. i have very little (under 100k) in "Actual" pension investment pots... i invested in property instead and now find myself cashing in..... with maybe an addition question/thread.... what do i do with the incoming money to provide me with a nice income seeing as lendy/moneything/p2p in general has B*****s up my extremely naive vision of 12% for the next 15 years...... Convert it to hard currency before the pound tanks even further due to Brexit: now at a 2 year low following the interventions of Johnson, Hunt and a few Tory party members.
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hazellend
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Post by hazellend on Jul 9, 2019 19:54:24 GMT
What is your strategy going to be for your SIPP retirement activities? I'm at least 10 years away from having to implement mine but I'm interested in the thinking that people are developing since the strategy will have to work for the next 30 years or so under a raft of changing governments. TBH.. i have very little (under 100k) in "Actual" pension investment pots... i invested in property instead and now find myself cashing in..... with maybe an addition question/thread.... what do i do with the incoming money to provide me with a nice income seeing as lendy/moneything/p2p in general has B*****s up my extremely naive vision of 12% for the next 15 years...... 15 years is a reasonable time frame for equities so I think you should buy a slug of global equities. I had the same naive vision of 12%. To be fair I have been a “good” P2P investor who has been caught out by very dodgy platforms (col and Lendy) rather than the loans I invested in.
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Post by martin44 on Jul 9, 2019 19:56:35 GMT
TBH.. i have very little (under 100k) in "Actual" pension investment pots... i invested in property instead and now find myself cashing in..... with maybe an addition question/thread.... what do i do with the incoming money to provide me with a nice income seeing as lendy/moneything/p2p in general has B*****s up my extremely naive vision of 12% for the next 15 years...... Convert it to hard currency before the pound tanks even further due to Brexit: now at a 2 year low following the interventions of Johnson, Hunt and a few Tory party members. thats certainly looking like the route at the moment...Alas.. being a hardened Tory ... im not quite conducive with your sentiment.... I would imagine under a corbyn umbrella that it would all disappear as "Tax" ..
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IFISAcava
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Post by IFISAcava on Jul 9, 2019 20:03:35 GMT
Convert it to hard currency before the pound tanks even further due to Brexit: now at a 2 year low following the interventions of Johnson, Hunt and a few Tory party members. thats certainly looking like the route at the moment...Alas.. being a hardened Tory ... im not quite conducive with your sentiment.... I would imagine under a corbyn umbrella that it would all disappear as "Tax" .. Agree with that too. Maybe, just maybe, there is something that isn't at either the extreme of hard Tory (currently Brexit at any cost, ahead of the Union, the economy and the Tory party itself) or or the extreme of hard Corbyn. Both are clearly hitting the pound. Just wish I had sold more pounds earlier.
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Post by martin44 on Jul 9, 2019 20:06:51 GMT
TBH.. i have very little (under 100k) in "Actual" pension investment pots... i invested in property instead and now find myself cashing in..... with maybe an addition question/thread.... what do i do with the incoming money to provide me with a nice income seeing as lendy/moneything/p2p in general has B*****s up my extremely naive vision of 12% for the next 15 years...... 15 years is a reasonable time frame for equities so I think you should buy a slug of global equities. I had the same naive vision of 12%. To be fair I have been a “good” P2P investor who has been caught out by very dodgy platforms (col and Lendy) rather than the loans I invested in. Me too ... i got out of FS and COL before the inevitable.. (not fs yet,, but it will come) .... in all honesty.. i trusted lendy... and in my stupid way.. i still trust MoneyThing .. Naive is an understatement in my case..
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IFISAcava
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Post by IFISAcava on Jul 9, 2019 20:09:38 GMT
TBH.. i have very little (under 100k) in "Actual" pension investment pots... i invested in property instead and now find myself cashing in..... with maybe an addition question/thread.... what do i do with the incoming money to provide me with a nice income seeing as lendy/moneything/p2p in general has B*****s up my extremely naive vision of 12% for the next 15 years...... 15 years is a reasonable time frame for equities so I think you should buy a slug of global equities. I had the same naive vision of 12%. To be fair I have been a “good” P2P investor who has been caught out by very dodgy platforms (col and Lendy) rather than the loans I invested in. I'm a bit reluctant to go all in on equities now - they are fully valued, and there are plenty of 15 year periods without much gain (FOOTSIE bought in 99/2000 anyone?). I'm more of a drip feed slugs in over the next few years. Risks missing out on increases now, but also reduces risk of being hit too heavily by a bear market.
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hazellend
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Post by hazellend on Jul 9, 2019 20:14:49 GMT
15 years is a reasonable time frame for equities so I think you should buy a slug of global equities. I had the same naive vision of 12%. To be fair I have been a “good” P2P investor who has been caught out by very dodgy platforms (col and Lendy) rather than the loans I invested in. I'm a bit reluctant to go all in on equities now - they are fully valued, and there are plenty of 15 year periods without much gain (FOOTSIE bought in 99/2000 anyone?). I'm more of a drip feed slugs in over the next few years. Risks missing out on increases now, but also reduces risk of being hit too heavily by a bear market. Inflation is the biggest risk if you are heavily weighted to cash. If you have a large pot of univested cash why not set a desired allocation of something like 40 - 50% to equities and drip feed up to that over a year or so?
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Post by martin44 on Jul 9, 2019 20:17:45 GMT
15 years is a reasonable time frame for equities so I think you should buy a slug of global equities. I had the same naive vision of 12%. To be fair I have been a “good” P2P investor who has been caught out by very dodgy platforms (col and Lendy) rather than the loans I invested in. I'm a bit reluctant to go all in on equities now - they are fully valued, and there are plenty of 15 year periods without much gain (FOOTSIE bought in 99/2000 anyone?). I'm more of a drip feed slugs in over the next few years. Risks missing out on increases now, but also reduces risk of being hit too heavily by a bear market. Couldnt agree more.... 6900 on the footsie in 1999... property has always served me better in the long run than "almost" anything else... the "almost" not including bitcoin and a few other cryptoes ....
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annie
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Post by annie on Jul 9, 2019 20:41:18 GMT
Do you still put your 2880 per year back into your SIPP once you enter drawdown for the free 720 per year ? Yes I do too. Where else can you get 25% interest risk free? Once you start to take pension you are restricted to £4K a year if you still earn or £2,880 if you don't. Of course, come the day you draw it back it is taxable income again. I also make up the 'lost' years of ni contributions when I was opted out of serps, to get maximum state pension of 35 years.
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bigfoot12
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Post by bigfoot12 on Jul 9, 2019 21:04:55 GMT
What is your strategy going to be for your SIPP retirement activities? I'm at least 10 years away from having to implement mine but I'm interested in the thinking that people are developing since the strategy will have to work for the next 30 years or so under a raft of changing governments. TBH.. i have very little (under 100k) in "Actual" pension investment pots... i invested in property instead and now find myself cashing in..... with maybe an addition question/thread.... what do i do with the incoming money to provide me with a nice income seeing as lendy/moneything/p2p in general has B*****s up my extremely naive vision of 12% for the next 15 years...... Despite what others say I suspect that it might be worth you getting some financial advice. Ask some real people that you know (not on the internet) with a similar wealth to you (or bit more) if they have had any. Some of the medium sized accountants have quite impressive private client divisions, and outside London some of the larger players can be good. If you are really lucky you might find a long time employee of one of the larger firms who has left and lives not too far from you, but charges less than the bigger firms - not all the best people want to commute to London. Expect to pay for talented, experienced, knowledgeable people. (Obviously some sh*t people and firms charge a lot too.) Expect first meeting to be free, expect an outline of costs (initial and ongoing) that first meeting alone might be worth your time, with suggestions. Try at least two.
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IFISAcava
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Post by IFISAcava on Jul 9, 2019 21:38:47 GMT
I'm a bit reluctant to go all in on equities now - they are fully valued, and there are plenty of 15 year periods without much gain (FOOTSIE bought in 99/2000 anyone?). I'm more of a drip feed slugs in over the next few years. Risks missing out on increases now, but also reduces risk of being hit too heavily by a bear market. Inflation is the biggest risk if you are heavily weighted to cash. If you have a large pot of univested cash why not set a desired allocation of something like 40 - 50% to equities and drip feed up to that over a year or so? Current plan (7 figure total pot) is to drip feed cash/spare salary&other earnings/P2P income and rebalance over 5 years or so to a goal of 57% equities, 17% P2P, 5% property, 5% cash, 17% whisky [currently my highest XIRR of all - 24% pa over 7 years, even allowing for 1/3 of it to be drunk!]). I know some will say that's too low in equities and too high in P2P and commodities, but I do feel I have an edge in whisky that I don't in equities (though I acknowledge the volatility (!) of spirits investing, and other inherent risks). I am probably too high in P2P (and even higher at the moment) but that was indeed triggered by too much cash and the post-Brexit inflation burst and anyway my historic XIRR is similar for equities and P2P, albeit that equities have performed (or not) over a much longer time frame. And I don't want to get into the same old "which is best" scenario - as I have always said, both equities and P2P are good for me, and fine for those who want a 100% (or near enough) equities portfolio, that's one way to go, up to you.
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hazellend
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Post by hazellend on Jul 9, 2019 22:02:33 GMT
I like P2P for tax efficiency reasons. I think P2P is very mentally demanding and don’t see myself doing it in retirement. Completely hands off passive is my long term preference.
I know some people that have made a lot of money from whisky. I don’t think I have an edge in anything to give me enough confidence to outperform.
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bigfoot12
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Post by bigfoot12 on Jul 9, 2019 23:11:42 GMT
... 17% whisky [currently my highest XIRR of all - 24% pa over 7 years, even allowing for 1/3 of it to be drunk!]). I know some will say that's too low in equities and too high in P2P and commodities, but I do feel I have an edge in whisky that I don't in equities (though I acknowledge the volatility (!) of spirits investing, and other inherent risks). I have a bit of whisky, but it seems that it has a difficult tax position. Do you have a view? It probably should be CGT free, but it isn't worth it for me (with my small position) to argue that in legal costs. But then if I pay CGT it seems that storage costs and insurance are probably not deductible. But these costs are significant over a 3-15 year holding period. My growth has been nothing like yours. You are saying that if you invested £1 and drank none, it is worth £6.76 after 7 years. That is remarkable! I suspect that I am overpaying for my raw spirit.
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bigfoot12
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Post by bigfoot12 on Jul 10, 2019 14:06:31 GMT
...7 figure total pot,... 17% whisky [currently my highest XIRR of all - 24% pa over 7 years, even allowing for 1/3 of it to be drunk[\quote] I guess I don't quite understand you. Does the 17% whisky include the 1/3 you have/are going to drink? Have you drunk £85k of whisky over the last 7 years? or is it that you plan to? Even if it is £57k of whisky that is quite a lot! I thought I had a few former colleagues who drank too much. And presumably you will have to pay a lot of duty. Do you have to pay VAT if you drink it yourself?
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