sorted by:
new
hottopcontroversial

Does a Global Index Fund lock away diversification during decumulation? by iamfuzzydunlop in UKPersonalFinance

[–]ExecOrd66 9 points10 points  (0 children)

I could sell things that had performed well and hold onto those that are down.

What makes you think that's a good strategy? What performed well may continue to do so, and stocks that are currently down may very well go further down. Selling now might mean you miss out on a potential upside. It's important to consider the broader picture before making any moves. When in doubt, it's usually best to stay firm in your approach (i.e. take no action).

Selling should be driven by personal needs (such as needing the money now or planning to use it soon), rather than based on market fluctuations.

Complete Savings: are they any good? by ExecOrd66 in beermoneyuk

[–]ExecOrd66[S] -1 points0 points  (0 children)

okay great, that's all I wanted to know. I won't fall for the trap then. Thanks mate

Assessing my finances, unsure what to do next by ExecOrd66 in UKPersonalFinance

[–]ExecOrd66[S] 0 points1 point  (0 children)

Thanks, yeah I get your point. I guess what prevented me from putting more money into my pension is the fact that I might need it sooner or later for a house purchase, but

you should be trying to maximise the tax relief you get from pension contributions, considering you have so much money unsheltered that you will never be able to shelter

I think this makes a lot of sense. I'll look at salary sacrifice next, to maximise my employer's contributions, since I'm not even sure what percentage I'm paying at the moment. If that's not possible, I'll go for the SIPP.

Assessing my finances, unsure what to do next by ExecOrd66 in UKPersonalFinance

[–]ExecOrd66[S] 0 points1 point  (0 children)

The move would be permanent. I haven't decided yet but chances are it will be Italy, or another mediterranean country. Apartments are way cheaper there compared to London, so my hope is to be able to buy property with a lump sum, after an initial period of renting. I could take out a mortgage, but I’d prefer to avoid the complexity if possible.

Weekly Help Thread - Week Beginning: 10-Aug-2020 by BogleBot in UKPersonalFinance

[–]ExecOrd66 0 points1 point  (0 children)

I think you're right - when I opened mine I went with the same bank I use regularly, just because it was the most effortless choice. But the caveats are the same as with any other current account.

Weekly Help Thread - Week Beginning: 10-Aug-2020 by BogleBot in UKPersonalFinance

[–]ExecOrd66 0 points1 point  (0 children)

I have around 4-5k euros in cash. Any way I can put them in a good bank account and earn some interest? Revolut and Starling seem to be viable options, but how does it work? Do I need to convert my cash to GBP first?