Trading the stockmarket (NO Referrals)

Richie said:
That's the plan. I set up recurring DD to Freetrade and a recurring order for VWRP a few days later so I can just let it happen and forget about it. The only time I am going to be selling is when there is sufficient in the account to pay the mortgage balance at the time.

A quick use of online calculators, using 6% returns on just the £200 monthly order, suggests it will be about 13-14 years for the ISA to match the mortgage balance. This doesnt take into account any increase in the monthly order nor any dividends from the VWRP which are auto re-invested back into the fund.

Perhaps not the best way to look at this but I see it as a "set and forget" thing.
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Yeah thats the whole point of an index fund, put a lump sum in or drip feed it monthly, or a bit of both and try not to look at it too much!
 
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I started in april with 20k in vwrp, and then basically moved all my old cash ISA into it over a few lump sums, and put some into VEUA as well.

Doing ok so far...
 
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200sols said:
That is the best way. Don't even look at it if you want my advice, just keep the monthly payment up.
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Definitely. I'll look at it for the first 2-3 payments just to make sure its all set up correctly etc and then forget about it. the DD is set to pay on the same day all my other bills come out so, as far as I am concerned, its just another bill. And its se on the Freetrade system to buy more VWRP a few days later (it takes 2-3 days for the money to "clear" apparently)

I only plan to amend both the DD and the recurring order up the way, as my wages increase or mortgage payment drops. Currently looks like it will knock 1/3rd of my mortgage term off (21 years down to 14) but I hope to get it reduced a little more - 12 years would be awesome.
 
Richie said:
Definitely. I'll look at it for the first 2-3 payments just to make sure its all set up correctly etc and then forget about it. the DD is set to pay on the same day all my other bills come out so, as far as I am concerned, its just another bill. And its se on the Freetrade system to buy more VWRP a few days later (it takes 2-3 days for the money to "clear" apparently)

I only plan to amend both the DD and the recurring order up the way, as my wages increase or mortgage payment drops. Currently looks like it will knock 1/3rd of my mortgage term off (21 years down to 14) but I hope to get it reduced a little more - 12 years would be awesome.
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If you are soley using it to build up a fund to offset your mortgage though, the maths gets a bit more complex, because if you wait say ten years, and then pay off a huge chunk or all, you'll be paying interest on a higher remaining balance on your mortgage for those ten years, whereas if you pay some of the mortage off via smaller lumps, more frequently, you'll have a lower amount to pay off, as you be paying interst on the smaller outstanding amount if you know what I mean.

Might be worth still doing your plan, but maybe cash out a percentage of your profit from the ETF to make a mortgage overpayment say once per year, as opposed to sitting on it for ten years?

Just thinking out loud really, I might be talking crap.
 
SmokeKingGun said:
Can see what people mean about new T212 UI.

Yet they still can’t give history of individual stocks buy/sells and give a total sum for that stock buy/sells.

Don’t just change the look, making it more difficult to access simple things -they messed with the charts few months back making it more clicks to find what you want.
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I wish could see an overall +/- for a ticker.

Soon as you buy/sell/buy its all "lost" as far as I can see.
 
how are people tracking their muliple accounts? or is it just me?

I'm using a very old version of quicken; mainly because i'm refusing to store the details in "the cloud" and I don't want to pay for a sub.

but it's getting hard to track when you are selling shares on one account, moving gains from one account to another to buy shares on a different platform.
 
mattyfez said:
If you are soley using it to build up a fund to offset your mortgage though, the maths gets a bit more complex, because if you wait say ten years, and then pay off a huge chunk or all, you'll be paying interest on a higher remaining balance on your mortgage for those ten years, whereas if you pay some of the mortage off via smaller lumps, more frequently, you'll have a lower amount to pay off, as you be paying interst on the smaller outstanding amount if you know what I mean.

Might be worth still doing your plan, but maybe cash out a percentage of your profit from the ETF to make a mortgage overpayment say once per year, as opposed to sitting on it for ten years?

Just thinking out loud really, I might be talking crap.
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It doesn't really work like that.

If the £200 goes into the mortgage then I am only reducing the mortgage by £200 each month and making an additional interest saving on that £200
If the £200 goes into a savings account of some sort (be that S&S Isa, or even a standard savings account) then the interest gain is on that £200

Now, if the savings interest is higher than the mortgage interest, I am making more money on that £200 than I would be in the £200 reduction of the mortgage.


Have a mess about with THIS and make sure to select the "compare to savings" section. Play around with the savings interest rate and it will tell you the difference.

For example - Lets say there is £100,000 left on the mortgage, 20 years and 4% interest rate.
I then say I am making recurring overpayments of £200 and my savings is getting 5% interest rate and the calculator states:

COMPARED TO SAVINGS

You would be £3,420 better off if you saved at 5% rather than overpaying the mortgage for the 13 years and 5 months it'd take.

This is because if you saved the money, after this time you would still have £42,520 to pay off to clear the mortgage, but you'd have £45,940 in savings, more than enough to clear the balance and still have £3,420 left over (this doesn't include any early repayment fees charged by your lender). Whereas if you had overpaid the mortgage you'd be mortgage free but wouldn't have anything left over.
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Now, the S&S ISA could perhaps not be considered a normal type of savings (as returns are not guaranteed) but, if you look at the previous 10-20 years returns value (8-10% on VWRP) and then be more conservative (5%), you can use this as the savings interest rate
 
i would only add there seems to be a lot of uncertainly in short term, which is bad. BUT it could work in your favour as the 200 you put in buys at a lower rate and the return in future could be a lot more. not guaranteed but something to consider.
all depends on your risk factors and what your prepared to accept.

for us we were able to pay of in short space of time and we over paid also. it worked out for us. but over long term we likely would have done something esle but we were very focused on short term pay off.


edit expect a bit of a bump on rocket lab,they just launched again fro what i gathered.
 
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Richie said:
It doesn't really work like that.

If the £200 goes into the mortgage then I am only reducing the mortgage by £200 each month and making an additional interest saving on that £200
If the £200 goes into a savings account of some sort (be that S&S Isa, or even a standard savings account) then the interest gain is on that £200

Now, if the savings interest is higher than the mortgage interest, I am making more money on that £200 than I would be in the £200 reduction of the mortgage.


Have a mess about with THIS and make sure to select the "compare to savings" section. Play around with the savings interest rate and it will tell you the difference.

For example - Lets say there is £100,000 left on the mortgage, 20 years and 4% interest rate.
I then say I am making recurring overpayments of £200 and my savings is getting 5% interest rate and the calculator states:




Now, the S&S ISA could perhaps not be considered a normal type of savings (as returns are not guaranteed) but, if you look at the previous 10-20 years returns value (8-10% on VWRP) and then be more conservative (5%), you can use this as the savings interest rate
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Yep, you are right, ignore me.

Also paying in 200 per month without a lump sum to begin with you are 'dollar cost averaging' into the investment, which is also a safe way to do it, you probably already know the principle, but heres a link:

www.investopedia.com

Dollar-Cost Averaging (DCA): What It Is, How It Works, and Example

Dollar-cost averaging (DCA) is the system of regularly buying a fixed dollar amount of a specific investment, regardless of the price, to offset any price volatility.
www.investopedia.com www.investopedia.com
 
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Got a Webull £50 ETF UK voucher to use.

Don’t t know if offer still open but you had to deposit £100 and leave it funded for 30 days think it was.

Anyone recommend a UK ETF listed on Webull?

Edit. Webull doing £50 voucher for friends referrals on £100 deposit maintained for 30 days.
 
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grudas said:
d-wave is flying too.. randomly.
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Always welcome this.

The quantum stocks are moving together. So it's not d-wave specific.

I noticed DVLT that got a lot of hype on here has tanked.
I obviously had a notification for 1usd as that triggered
 
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LostCorpse said:
RKLB up 30% at moment. on the small amount i have invested.
red on the other 2 stocks at moment. payday is already painful this month :O
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Very pleased. 90 percent up on RKLB.

And I bet there are many up much more than this.

Only bought 1 month ago. Nearly to the day.


Still, duolingo, the dog, drags me down as my nasty bit of red in a vastly green portfolio
 
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