Trading the stockmarket (NO Referrals)

Uther said:
Yeah I was watching Ramin on Pensioncraft on youtube last night, will have a mooch around as it's coming up to my yearly rebalancing.
Even though I'm old I've still got a fair chunk in the S & P. Always considered higher risk but you can't say no to the gains, and I'm loath to de risk my portfolio for a while yet.
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Going into bonds / rebalancing is the ABC thing to do for fund managers, they have lots of rules about what they can do, and various goals and targets etc.

Ultimately bonds doesnt work in a world where socialist governments force central banks to print money, in that world you never buy bonds.

Replace the word risk, with volatility, it is a better descriptor. Your situation is very important, once size fits all is not possible.
 
platinum87 said:
With your posts in other threads with savings/premium bonds etc, but you buy shares of coinbase its insane..

Its like you offered me a cigarette and i said, no thanks i dont smoke its not healthy, and then proceed to take out meth
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Coinbase has been my best stock in a while.
It allows me exposure to crypto without the faff of tax issues etc.

I don't see an issue with some savings in crypto. It paid for half my house deposit back in 2020.

Premium Bonds - 12pc
All world ETF - 4pc
Lego - 20pc
S&S isa - 50pc (coin base is 5pc of that)
Regular savers - 7pc
Fixed rate bond - 7pc

Pretty much where my short-mid term cash is stored
Very roughly

And no, that isn't a typo on lego
 
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413x said:
Coinbase has been my best stock in a while.
It allows me exposure to crypto without the faff of tax issues etc.

I don't see an issue with some savings in crypto. It paid for half my house deposit back in 2020.

Premium Bonds - 12pc
All world ETF - 4pc
Lego - 20pc
S&S isa - 50pc (coin base is 5pc of that)
Regular savers - 7pc
Fixed rate bond - 7pc

Pretty much where my short-mid term cash is stored
Very roughly

And no, that isn't a typo on lego
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Gotta love Lego these days that it's considered an investment :D
 
Martynt74 said:
Gotta love Lego these days that it's considered an investment :D
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Lego, trainers, watches.. people will flip anything to try and make a profit.

i‘ve been told that whiskey out performs the S&P 500 but I know nothing about whiskey and I’m not the biggest drinker of it.

I‘ve spent over 10k in the past 10 years on vape gear, some of which at a time would have 50x the original purchase price, but I see it as an hobby more than an investment.

I have a massive collect of Yu Gi Oh cards, which I really need to trade in on or liquidate at some point and I massive collection of retro video games, which I see as my bucket list of games I want to play in retirement. Buying is the easy part, storing is difficult but selling is the hardest part; I’m not a seller by nature.

stockx market place is interesting to me, only used it once to buy a watch that’s well over RRP, but it’s figuratively an exchange platform for modern commodities… I would be more interested if the handling prices wasn’t so high and that they would store the item, rather than ship it.
 
Russinating said:
Personally the mindset of capping your salary to dodge the 40% rate isn't a positive one. If someone offered you a £100k salary would you say no because of the tax band? You only pay tax on the difference so whether that's £1 or £50k it shouldn't matter.

Just earn what you can earn, make financial decisions based on your life and goals, and pay what owe. Life's too short to be worried about paying 40% tax on £750.

But then as someone with lots of family and friends who work in the NHS I can barely see the fence in terms of paying taxes. Imo you simply can't avoid tax in one breath and then complain about anything that's publicly funded in the next (not saying you do/are.... but lots do!).
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It's a bit more than dodging 40% though, works out at about 60% tax for everything over the 40% threshold for me when you factor in the higher income child benefit charge too. In real terms, dodging 40% puts more into my pension for not much less take home pay.
 
Uther said:
Yeah I was watching Ramin on Pensioncraft on youtube last night, will have a mooch around as it's coming up to my yearly rebalancing.
Even though I'm old I've still got a fair chunk in the S & P. Always considered higher risk but you can't say no to the gains, and I'm loath to de risk my portfolio for a while yet.
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Watched this video as well, took advantage by moving my existing investments into VHVG which will save quite a bit in fees and it's pretty much invested in the same stocks as I was in already.
 
tlrBeta said:
which still shocks me given the masses amount of debt, and the new "amazing" engine they built required by no customers :D
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Yeah, i actually checked both my ISA and Pension and both were heavily weighted now towards RR given the 200% growth. I've sold a hefty amount this morning. Don't need that level of risk given i need my ISA to pay to build a house in 2024!
 
Question.....
Say I had a pension pot of 100K and at the age of 55/57 I took 25% (25K of it out tax free, is there anything stopping me from putting that 25K into a SIPP and getting the tax relief bonus of 20% for it; and claiming the rest back as tax rebate it I was in the 40% bracket)?

I've googled around and I can't find a single thing that says I can't do that.. Yes I understand that the rest of the 100K (75K) will be taxed at the income bracket rate.

Also what's stopping me from taking 25% of the SIPP now with the 25K + tax relief at a later retirement date?
 
slinxy said:
Question.....
Say I had a pension pot of 100K and at the age of 55/57 I took 25% (25K of it out tax free, is there anything stopping me from putting that 25K into a SIPP and getting the tax relief bonus of 20% for it; and claiming the rest back as tax rebate it I was in the 40% bracket)?

I've googled around and I can't find a single thing that says I can't do that.. Yes I understand that the rest of the 100K (75K) will be taxed at the income bracket rate.

Also what's stopping me from taking 25% of the SIPP now with the 25K + tax relief at a later retirement date?
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You can't put the 25k in after taking a lump sum, look up money purchase annual allowance. Also restrictions on paying into pensions if you aren't earning etc.
 
200sols said:
You can't put the 25k in after taking a lump sum, look up money purchase annual allowance. Also restrictions on paying into pensions if you aren't earning etc.
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Thanks… I knew there would be something stopping an infinite money glitch.. lol

I’m still have many many years left until my pension age and I’ve not really started looking it the rules as they are likely to change several times before I get to to retire.
 
I'll certainly be taking 25pc out.
I'd be a bit gutted if they changed that.

Like you say, who knows what the rules will be. And that makes me apprehensive about putting too much in
 
413x said:
I'll certainly be taking 25pc out.
I'd be a bit gutted if they changed that.

Like you say, who knows what the rules will be. And that makes me apprehensive about putting too much in
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My kid puts double the amount into an ISA than goes in to his pension for that reason, and I don't blame him.
 
slinxy said:
Question.....
Say I had a pension pot of 100K and at the age of 55/57 I took 25% (25K of it out tax free, is there anything stopping me from putting that 25K into a SIPP and getting the tax relief bonus of 20% for it; and claiming the rest back as tax rebate it I was in the 40% bracket)?

I've googled around and I can't find a single thing that says I can't do that.. Yes I understand that the rest of the 100K (75K) will be taxed at the income bracket rate.

Also what's stopping me from taking 25% of the SIPP now with the 25K + tax relief at a later retirement date?
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You can't recycle tax free lump sums, but you can recycle income.
 
413x said:
I'll certainly be taking 25pc out.
I'd be a bit gutted if they changed that.

Like you say, who knows what the rules will be. And that makes me apprehensive about putting too much in
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It's been "mooted" on and off for years in the industry... If they did remove 25% Tax free cash, almost certainly people would just flip more into ISA's for the fact you can take the whole thing tax free, as and when you want.

Whilst the tax relief is still the key point on your pension contributions, (compounding the early years etc) - removing the tax free lump sum at the end/retirement would be a massive blow to a huge amount of the population as it's surprising how many people still rely on that to clear off mortgages/debt etc at retirement.
 
booyaka said:
It's been "mooted" on and off for years in the industry... If they did remove 25% Tax free cash, almost certainly people would just flip more into ISA's for the fact you can take the whole thing tax free, as and when you want.

Whilst the tax relief is still the key point on your pension contributions, (compounding the early years etc) - removing the tax free lump sum at the end/retirement would be a massive blow to a huge amount of the population as it's surprising how many people still rely on that to clear off mortgages/debt etc at retirement.
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And I bet it drives things like new car purchases.
Locking all that away imo isn't a great move.

But you never know what the government will do. It's not really a goal post you want moving.
 
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