@TheSecretAcct Or use what advisors use , Voyant cash flow software-
But, having an advisor in your corner isn’t just about your portfolio. It’s behavioural for wealth creation and retirement /IHT , it’s a minefield and the mistakes can be expensive . A good planner is worth their fee !
@TheSecretAcct@Falcon0nX There’s ETFs and there’s ETFs - picking non index based products is the same as tacking a position within an individual name - REITs /factor etc all away of taking you off course from real wealth creation .
KISS
@TheSecretAcct £10k invested on 31 Jan 2020, dividends reinvested:
• SMT: ~£28k
• VWRL: ~£23k
The return gap is interesting.
The real question is whether most investors could actually sit through SMT’s volatility long enough to earn it.
@TrentePercente@TheSecretAcct People just won’t sell and wait for a change of government to come in, the rhetoric of you can afford it is wearing very thin.
The UK is broken and skint, this isn’t the way to fix it.
@MarkRadcliffe44@TheSecretAcct@2147mill Unless you have a property worth 2m or more, it’s one of the most highly tax efficient means of asset disposal, ok you get stamp on the repurchase but even this against income or CGT is much lower.
@MarkRadcliffe44@TheSecretAcct@2147mill Unless you’re living rent free, that cost will always be there, housing is and indirect investment will a real world function
Forced saving for the stock market risk adverse is a huge benefit at retirement and for future transfer of wealth.
@TheSecretAcct@2147mill Stocks have performed better than most homes, but this is emotional not just financial factor, for many the act of paying a mortgage is forced saving with a paid for asset at the end.
Stocks would have rtnd more, but how many people would actually have stuck in stocks for 25y?
@Capybarapond@TheSecretAcct@2147mill Like this one he sold for $7.5m, not pocket change... He does own many properties, including the one he grew up in.
@AlanJLSmith The government can present us with as many squrral based saving advertisement as they like , but if the undertones are tax tax tax at a later stage it’s stops the saving in the first place. Leading more people relying on state pensions and the unsustainable triple lock.
@EnergyGeek2@AlanJLSmith IHT will be charged from April 27 on all estates (including pensions) that’s exceed NRB’s unless left to a spouse.
Pensions will be income tax free with a death under 75 but there’s a risk of left to children, for example of a large IHT bill which there currently isn’t.
@TheSecretAcct Relitive to his future wealth , he was worth $300m at 50 years old and $30b at 70 years old, quite the growth 😏
That’s when he hit the magic upwards curve of compounding, he didn’t die (which helps) and carried on with the magic of compounding.
@TheSecretAcct His not done that, WB .recommended for his wife to do that after his gone. He bought value stocks when mispricing was obv, which is much harder to find in the modern market.
He was worth relatively little until his mid 50’s, it helps if you can live into your 90’s, many don’t
@TheSecretAcct@NotA_Bull As much as I agree with ling term index funds being the catalyst for long term growth, it’s wrong to label single stocks as gambling. In fact for accumulation of wealth single names are the best vehicle, then move to index funds to protect your gains forever.
@dontdelay@AshyCompounds they rely on people actively trading in single stocks where they can take the spread and the FX -lending fees in. The hold a Vanguard world fund are loss leaders to 212.
Freesave (now IG) started this way but introduced a monthly fee in the end, but 212 are a much bigger firm.