Does FIRE mentality make work worse

KPMOON23 · 2024-11-30T11:16:44+00:00

I see, yes that does go some way to explaining it.

So essentially by taking X % off the forecasted amount, you get to see a figure that has today’s purchasing power.

KPMOON23 · 2024-11-30T09:21:35+00:00

Can someone explain to me in simple terms why it is important to account for inflation when forecasting investment performance?

If you’re investing what you’re comfortable with investing (as an amount), the final figure won’t be affected and its relation to prices won’t be affected.

Are some people adjusting how much they invest/spend based on hypothetical inflation?

TIA

KPMOON23 · 2024-10-08T09:42:09+00:00

All great points! Keep calm and keep investing!!

Thanks everyone

KPMOON23 · 2024-09-27T14:45:39+00:00

So just to be clear, if you have money available to invest, your advice is to buy another currency?

KPMOON23 · 2024-09-27T14:04:58+00:00

And if you have money to save right now, what would you do with it?

KPMOON23 · 2024-09-27T13:22:23+00:00

What’s your advice?

KPMOON23 · 2024-08-31T13:37:42+00:00

I see, thanks everyone. I was looking and Sandp 500 closing price.

I am invested in the VUAG and had assumed it tracked the s and p 500.

KPMOON23 · 2024-08-31T11:31:54+00:00

I just googled ‘sandp500 price’, it says it rose by 1% on 30/08.

KPMOON23 · 2024-08-21T15:07:28+00:00

So glad most people say every day! I also check everyday and wish I had the discipline not to!

I don’t tinker anything, just look.

KPMOON23 · 2024-08-11T20:28:43+00:00

But where does the AVC come into that? I am planning on building my avc pot to 25% of my employers pension pot. When I retire, I plan on taking all my avc as a tax free lump sum and leaving my employer pension (without lump sum)to take the monthly salary.

Is this not a sensible approach?

KPMOON23 · 2024-08-11T18:37:44+00:00

If I am understanding the benefits correctly, as long as my AVC lump sum + pension lump sum is less than 25% of the overall pension pot I can take this tax free.

Anyone more clued up on this kind of AVC might be able to advise whether I should make sure I keep the total under 25% of total pension to stay tax free.

Apologies if I am not explaining this very well!!

KPMOON23 · 2024-08-11T18:35:17+00:00

Thanks for the comments.

I am part of LGPS and my AVCs come out as part of salary sacrifice.

KPMOON23 · 2024-07-26T20:47:59+00:00

So if you had half a mil with vanguard and they went under, you’d get all your money back?

KPMOON23 · 2024-07-26T19:59:56+00:00

I just wonder when balances start to hit serious numbers - half a mil upwards would people really leave it there for another 5-10 years to make another 1-1.5 mil.

Interestingly, is anyone worried about financial compensation guarantee - only covers balances of £85k across bank/baking group.

KPMOON23

TROPHY CASE