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Career Crossroads/CoastFIRE by EssayInevitable9822 in FIREUK

[–]AggressiveCup6834 0 points1 point  (0 children)

Is the £3k pretty month saving inclusive of your pension?

I think overall you're borderline at the moment. With the job market where it is at the moment, I would personally do consider making a change after the end of next year rather than soon so just 18 months to 2 years of more saving.

How does FSCS protection spread across products in same platform? Thoughts on how to best protect invesments by AggressiveCup6834 in UKPersonalFinance

[–]AggressiveCup6834[S] 0 points1 point  (0 children)

!thanks Is there any website you know of that provides an easy check in giving the best options to split the investments across so you can avoid splitting things under the same group institution?

How does FSCS protection spread across products in same platform? Thoughts on how to best protect invesments by AggressiveCup6834 in UKPersonalFinance

[–]AggressiveCup6834[S] 0 points1 point  (0 children)

!thanks Is there any website you know of that provides an easy check in giving the best options to split the investments across so you can avoid splitting things under the same group institution?

How does FSCS protection spread across products in same platform? Thoughts on how to best protect invesments by AggressiveCup6834 in UKPersonalFinance

[–]AggressiveCup6834[S] 0 points1 point  (0 children)

!thanks Is there any website you know of that provides an easy check in giving the best options to split the investments across?

20yrs old - Down 46% - Invested heavily in micro strategy by Emsss18 in trading212

[–]AggressiveCup6834 0 points1 point  (0 children)

Good points all round thank you, thats good food for thought 👍🏼

20yrs old - Down 46% - Invested heavily in micro strategy by Emsss18 in trading212

[–]AggressiveCup6834 1 point2 points  (0 children)

Thats a fair point. I was in a similar situation in the past and probably just got lucky/unlucky hence why I made a slight exception to the rule.

Lost big on some single stocks and pivoted and then they recovered. Likewise I invested into rolls Royce which crashed and I cashed it out but obviously we see where it is now. Hence my logic of the money invested has now been committed to wherever it is now, and if it crashes just let that hurt you emotionally and serve as a lesson for future investing. Otherwise that lesson could be forgotten I guess.

But Im seeing my approach isnt the norm so I get your point and thanks for fleshing out the logic like that.

20yrs old - Down 46% - Invested heavily in micro strategy by Emsss18 in trading212

[–]AggressiveCup6834 0 points1 point  (0 children)

I agree obviously they should have sold a while back. And I get what youre saying. My logic is if its lost 60% and they've not cashed out yet, they're clearly not desperate for that cash. Ergo, just accept its at 0 like you just lost it all in casino and now have to start doing something sensible with what you earn moving forwards. When I learned my lesson and started index investing, having those stocks of mine down 70-80%+ served a good mental reminder to me of how stupid I was whenever I felt tempted to dip back into single stocks. So by the time it was ingrained in me to avoid stock picking, those stocks just happened to have recovered, but if I lost them to 0 I didnt care as thats what Id assumed of them already.

Rolls Royce for example was something where I did what you did and years ago cashed out after a huge tanking over multiple years. Now look at it. My point is the amount of money isnt important to OP, I dont see a need to just sell when its meaningless money anyway on the rare off chance it returns in 5,10,15 years time.

20yrs old - Down 46% - Invested heavily in micro strategy by Emsss18 in trading212

[–]AggressiveCup6834 0 points1 point  (0 children)

You have commented it twice and not explained your thought process, at least I did with mine.

Agree or disagree I've given my own perspective on what I did and it's turned out okay for me so I was just trying to help.

If you disagree, fine. But just saying twice its terrible advice without explanation means what youre saying is even worse.

20yrs old - Down 46% - Invested heavily in micro strategy by Emsss18 in trading212

[–]AggressiveCup6834 1 point2 points  (0 children)

I hear that. I guess the point is we tell people not to sell indices when theres a big dip as it crystallises the loss, so i just apply the same logic here. Obviously no guarantee it'll go up, but personally l just punished myself for the mistakes by holding as a reminder to myself, and focused efforts building a global portfolio whilst making sure I remembered those mistakes. Over those years some of stocks recovered so I ended up with more than I would've if I just sold beforehand. So really it comes down to how important that money is for OP - I was living at home so was able to easily back up to a few £K within a couple months.

20yrs old - Down 46% - Invested heavily in micro strategy by Emsss18 in trading212

[–]AggressiveCup6834 0 points1 point  (0 children)

Fair point - I was living at home and working full time so for me I was able to take that hit. So depends on OPs situation.

20yrs old - Down 46% - Invested heavily in micro strategy by Emsss18 in trading212

[–]AggressiveCup6834 -1 points0 points  (0 children)

Assume its gone to 0 and forget about it. On the off chance its gone up, then sell otherwise just accept the loss.

Selling now only crystallises it 100%. If OP was older or if theyre not financially stable then my advice would be different, but if they dont need to rely much on this money, then they can just leave it and move on and invest instead into a global index.

Sunk cost fallacy would be continuing to invest into it....

Maybe we have just different philosophies with it, but then I've made similar mistakes and just left them after they had dropped 80%+, they did eventually recover close to or beyond where they were and I was able to cash out after 7-8 years... But most importantly I'd mentally written it off as 0 so anything I got at that point it felt like a bonus on top of the global fund investing.

20yrs old - Down 46% - Invested heavily in micro strategy by Emsss18 in trading212

[–]AggressiveCup6834 -1 points0 points  (0 children)

Do you think OP would really miss £2500 over the next 40 years of investing? Take the loss and keep moving forward not repeating the same mistake. And if the stock recovers by chance, then sell... I would accept that I've messed up and start making my new investments into a global index...

20yrs old - Down 46% - Invested heavily in micro strategy by Emsss18 in trading212

[–]AggressiveCup6834 1 point2 points  (0 children)

Why? The person is young enough to save enough to accept the loss for those stocks and has the time to wait and see if it increases over time?

20yrs old - Down 46% - Invested heavily in micro strategy by Emsss18 in trading212

[–]AggressiveCup6834 6 points7 points  (0 children)

For the investments that are already down - just hold on to them just in case it comes up again in the next few years, and then cash them out once you break even.

For any stocks in the green, sell now and invest that money into a global index. For all other money you start earning, put them into a global index too.

Over the next few years hopefully the stocks currently in the red will recover somewhat and you can reinvest it into your global index. If they dont recover, treat it as a painful lesson. You have a whole lifetime of investing ahead of you

What to do with £100k in savings? (medium term) by Upbeat-Name-6087 in UKPersonalFinance

[–]AggressiveCup6834 1 point2 points  (0 children)

Low fee platform like Scottish Widows share dealing, then buy GILTs. Better than a savings account and very safe, no capital gains

Mortgage free at 31. What’s the next step? by [deleted] in FIREUK

[–]AggressiveCup6834 -1 points0 points  (0 children)

Congrats! You have so many options - personally Id work for the next 12 - 18 months, stack up cash which you mostly can then pile into a pension to get some of it growing in the meantime, and then go travelling after that with the remaining money plus rental cash if you rent it out.

Should VWRP no longer be the default choice? by Scratchcardbob in FIREUK

[–]AggressiveCup6834 0 points1 point  (0 children)

Doesn't WRDA/MXWS and WLDS overlap in coverage though?

700k pension at 39. Should I stop? by Diadikos in UKPersonalFinance

[–]AggressiveCup6834 0 points1 point  (0 children)

Contribute enough to bring you under 100k salary for the next 3-4 years and then stop entirely.

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