hazellend
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Post by hazellend on Dec 16, 2021 23:35:48 GMT
China Japan and Hong Kong are a bit bigger than Europe surely? Much smaller
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hazellend
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Post by hazellend on Dec 16, 2021 21:53:00 GMT
Thanks everyone for your input, it's been great to hear the two lines of thought for passive investing. Invest in global tracker, anything else is trying to beat the market versus global markets are skewed towards the US and their tech giants, regional trackers are needed for true diversification! I can see this both ways and before this chat was originally very much with hazellend that anything other than Global Trackers is looking for an edge. However as tallsuk and others have eloquently described this does leave you very exposed to one nation and their tech, 55% US in my case! Personally I'm adjusting my holdings, adding an ETF from each major region .. the only question now is how much of each!!!! .. Ace I feel like I'm on the slippery slope already I think the main thing is to chose an allocation that you will stick to and is easy to rebalance. Something like: 40% US, 30% Europe, 10% FTSE 250, 10% emerging markets
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hazellend
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Post by hazellend on Dec 16, 2021 11:59:14 GMT
So for about 15 years I've been putting £240 (topped up to £ 300 with tax relief) a month into a SIPP via HL. I've been choosing aggressive growth funds such as the L&G Global Tech Fund and Ballie Gifford funds and they have done nicely. I've just turned 53 and am retired. I don't have any income except for about £3k a year from non-ISA investments and don't have a work's pension. My mortgage is paid off so I have very little outgoings I have however been putting the full amount in S&S ISAs for a many years now, again in the same growth funds and I have not touched a penny. Now I know that when I turn 55 I can if I want access 25% of my SIPP tax free, but because I have no (or very little) income can I access the rest tax free, either in a lump sum or paid monthly? I don't get a state pension (which I take it counts towards your taxable income?) until 67. So I trying to figure out a way to access the 75% of my SIPP by paying no or very little tax before the state pension kicks in. If I require anymore money I will access my ISAs. Opinions please. You will probably be able to take 12.5k a year out of your SIPP and pay no tax (not including the lump sum). It’s taxed the same way as earned income I believe. Congratulations on your retirement at 53!
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hazellend
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Post by hazellend on Dec 16, 2021 11:50:26 GMT
hazellend I knew you'd be along soon enough in support of the all in low cost global market approach! Likewise I have a DB Pension, although I'll probably get bought out of that before I retire. Can I ask though, do you ever question whether there is some wisdom in the thought that global funds are extremely heavy in US Tech and better diversification is actually achieved with additional UK/EU/Emerging Market exposure? I realise this sounds like trying to beat the market but it's more a view that global markets are actually skewed in one direction. They've certainly got me thinking, and remember only dictators don't at least consider that there might be a better approach Who knows!! I certainly don't!! I don’t question those things. In my younger years I learned the hard way that I know nothing that the market doesn’t and I’m happy just accepting whatever returns it gives. The market is very good at making smart people seem dumb.
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hazellend
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Post by hazellend on Dec 14, 2021 22:21:15 GMT
Perhaps anyone investing in P2P isn't entirely sane but that aside ..... 65% of my investment pot is in equities, this is invested in hands off low cost global trackers! I've had it suggested this isn't suitably diversified despite being global trackers. I'd appreciate some opinion on whether you'd be comfortable investing entirely in this form of investment. Equities split 50/50 purely for fund provider diversifcation, but both aiming to track broadly the same HSBC Global FTSE All World Vanguard FTSE Global All Cap Both are held in IWEB so no holding platform diversification. I have no interest in handpicking stocks and my aim was a worldwide broadly diversified, hands off long term investment with low holding cost. Completely sane. Apart from some leftover turds in P2P I’m 100% equities VWRL, 7 figures. I do have a DB pension and 50k in PBonds
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hazellend
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Post by hazellend on Dec 9, 2021 21:08:01 GMT
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hazellend
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Ablrate (ABL) in Administration
AF Loans (ABL)
Dec 5, 2021 13:30:07 GMT
via mobile
Post by hazellend on Dec 5, 2021 13:30:07 GMT
I am two thirds in the holiday park and one third in the batteries and so I am really waiting for the holiday park before saying much. However: I am surprised that people do not seem to remember the number one rule of Ablrate communications, that you must at least double the timescale of positive predictions to convert from Ablrate days to Earth days. So when they say a three month holiday you know it is going to be at least six. Another three months predicted is worrying. I take some comfort from the fact that the whole of this recovery endeavour suggests that Ablrate believes the underlying businesses to be viable, including repayments, and that the issue is one of finance only. So they have not at this stage defaulted the loans, they insist on the management running the business rather than the financing, they take most of the business hostage as presumably valuable security, and they focus on repayments from the business rather than going straight to the guarantor to produce cash or assets at this stage. The guarantee is still there on these loans and, unlike the AC loans, there will still be the opportunity to obtain the pound of flesh if we need to - which I hope we do not. Also this strategy of supporting the borrowers allows the interest to be capitalised and the loans, in due course, to be traded. Personally I would prefer to rely on exit via trading rather than forcing this to asset sales and having to make do with what the vultures have left. AF's main error, with hindsight, was to rely on Greenswill, and he is in good company. I am sore with Abl about 165, but I am sure that Abl and AF will be keen to set things right, or as right as can be achieved. If we shoot Ablrate we are all stuffed. This is not Funding Suckers. Having said that, I might explode when I hear more about the holiday park loans. Why would any company finance a business that has needed 6 months of default forgiveness?
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hazellend
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Ablrate (ABL) in Administration
AF Loans (ABL)
Dec 4, 2021 21:15:58 GMT
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Post by hazellend on Dec 4, 2021 21:15:58 GMT
As far as I am concerned the update is a complete negative disaster. At least if there had been some actual additional security I might have been slightly reassured. I’m now exiting ABLrate completely. Have seen this story too many times in P2P already.
If AF turned out to be a other Bury football manager I would not be surprised.
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hazellend
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Post by hazellend on Dec 4, 2021 15:26:12 GMT
I’m selling off my loans. I have £1800 in cash on the ASMX but cant work out how to withdraw it.
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hazellend
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Post by hazellend on Dec 3, 2021 19:29:57 GMT
Honestly if this isn’t the beginning of the end I’ll be surprised. Why did we wait 3 months for this? Pathetic.
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hazellend
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Post by hazellend on Dec 3, 2021 17:06:45 GMT
I thought the extra security was going to be additional assets. What a copout. With such a high networth something more should been taken.
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hazellend
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Post by hazellend on Nov 20, 2021 19:45:41 GMT
Presumably the jury made their decision in the context of a country where carrying arms in many counties is routine. I can't think of any circumstances in which a 17 year old carrying an assault rifle is a good idea. A lot of Americans disagree. Their country, their culture, their choice.
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hazellend
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Post by hazellend on Nov 19, 2021 18:18:06 GMT
@bobo , you're either a very talented, successful and hardworking stock picker or a total liar. For the record, I strongly believe its the former. I wish I had your talent. However, I think hazellend 's approach would beat the vast majority of investors hands down for virtually no effort at all. I'm genuinly very impressed with hazellend's bravery and success. I invested for 35 years as a hobby before I took it seriously and felt that holding multiple assets was the only way to go. Even in 2010 and beyond that was still the accepted wisdom but holding just one asset would have been a tough call for me. I have worked at my own investing and I run a family-office, it has taken a long time to get down to roughly 15 assets, so I take my hat off to him. The lack of effort is especially good.
In terms of talent, I think I've been very lucky and used basic O level maths carefully, certainly not talent. But thank you for your comments. For me Stocks and Shares are a hobby so it is nice to make money at it.
It does seem like you have a genuine edge and can beat the market. I had to learn the hard way that I’m not a good stock picker or market timer, in fact terrible. Once I accepted that, and just became a know nothing buy and hold index investor, I actually started to do very well lol.
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hazellend
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Post by hazellend on Nov 19, 2021 18:14:01 GMT
“It requires time, education and a rigorous process to find a mechanism that works for you to achieve what you want. “ Or just buy VWRL which needs no time, education or process and will beat 80 - 95% if active funds over 10 - 20 years. Investing is easy. I had a rough and ready check of VWRL against how I'd done since 2013. I've beaten it but not by a country mile (just a couple of Bentleys ;-) ). I'd certainly have struggled to invest in the early days while the covid fall would have been emotional to stay in. Did you sell out for Covid and buy back in or ride the roller coaster? I never sell, but I did buy during the crash with new money and my cashed out premium bonds. I enjoy crashes, even though they take me down several hundred k these days. Yes, I know I’m weird.
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hazellend
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Post by hazellend on Nov 18, 2021 19:02:20 GMT
“It requires time, education and a rigorous process to find a mechanism that works for you to achieve what you want. “
Or just buy VWRL which needs no time, education or process and will beat 80 - 95% if active funds over 10 - 20 years. Investing is easy.
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