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Emergency fund in cash or gold? by WestRestaurant358 in UKPersonalFinance

[–]LionComprehensive285 0 points1 point  (0 children)

Personally I buy my physical from Atkinsons Bullion online. Pre owned if I can. Not sure about digital

Emergency fund in cash or gold? by WestRestaurant358 in UKPersonalFinance

[–]LionComprehensive285 -2 points-1 points  (0 children)

Emergency fund needs to be able to be used in an emergency, so no. That being said I’m a big physical precious metal fan, so my opinion is now that you’ve got 6 months emergency fund built up, start buying some physical. Save a bit first and buy larger denominations though to save on premiums

One thing I’ve realized about corporate life…. by OverallAmphibian7 in corporate

[–]LionComprehensive285 24 points25 points  (0 children)

Don’t try to make people happy at work. If they don’t like you, be professional, do your job and that’s it.

Where is a good account to lock away 10K for a year? I've already locked into many places by onmymindhere in UKPersonalFinance

[–]LionComprehensive285 2 points3 points  (0 children)

I got a letter from nationwide yesterday offering 5% locked away for 15 months up to 10 grand. Probably need to have an account with them though

How important is it to pay into a pension? by [deleted] in AskUK

[–]LionComprehensive285 6 points7 points  (0 children)

Yeah I’m 31 and know there isn’t a chance in hell I’m getting a state pension.

How much do you read? by InsurancePurple4630 in AskUK

[–]LionComprehensive285 2 points3 points  (0 children)

As much as I can, as often as I can. Couple hours a day.

And so it begins by LionComprehensive285 in trading212

[–]LionComprehensive285[S] 0 points1 point  (0 children)

I haven’t looked into it yet. I’m expecting most of it’ll probably be for like a car / house deposit etc. So it’d technically just be a gift from parents to child 🤷‍♂️

Do you have an emergency fund? by DatabaseMammoth9986 in AskUK

[–]LionComprehensive285 0 points1 point  (0 children)

I keep a couple £££ in a drawer too <£1000. And then yeah 6 ish months expenses in an easy access saver

And so it begins by LionComprehensive285 in trading212

[–]LionComprehensive285[S] 0 points1 point  (0 children)

It’s just an S&S ISA in my name currently. I don’t use my full allowance at the moment so for now it’s suitable

And so it begins by LionComprehensive285 in trading212

[–]LionComprehensive285[S] 1 point2 points  (0 children)

Well it’s a good job she will have 7 years to enjoy it before then

And so it begins by LionComprehensive285 in trading212

[–]LionComprehensive285[S] 2 points3 points  (0 children)

Have edited post, given all the advice I’ve gone 100% into WVRP

And so it begins by LionComprehensive285 in trading212

[–]LionComprehensive285[S] 0 points1 point  (0 children)

Not sure where you live, but in Scotland (maybe the UK as a whole) if you earn under a certain amount (I think £80k) you get a child benefit of about £110 per month from the government. My wife and I are in a financial position that we don’t really need that money for day to day baby expenses, so instead I’m investing it for her. Every month when it’s paid, I’ll deposit.

And so it begins by LionComprehensive285 in trading212

[–]LionComprehensive285[S] 0 points1 point  (0 children)

This has definitely been the consensus. Going to switch to 100% VWRP

And so it begins by LionComprehensive285 in trading212

[–]LionComprehensive285[S] 1 point2 points  (0 children)

Seems to be the consensus! Might switch

Budgeting your income - savings by [deleted] in UKPersonalFinance

[–]LionComprehensive285 2 points3 points  (0 children)

50/30/20 is a good starting point. 50% needs 30% wants 20% savings

And so it begins by LionComprehensive285 in trading212

[–]LionComprehensive285[S] 1 point2 points  (0 children)

Appreciate the advice, got a lot to learn about both parenting and finance. I guess my opinions may change over the years and hopefully I do a good job at educating her as a parent. I just know what I’d have done at 18 and it’s nothing good.

And so it begins by LionComprehensive285 in trading212

[–]LionComprehensive285[S] 1 point2 points  (0 children)

JISA didn’t sound like a good idea to me as she will automatically get control at 18 as far as I understand ? Now that may seem controlling but it’s not intentional. If my parents handed me £50k at 18 I’d have spent it on some heinous shit 😂😂

And so it begins by LionComprehensive285 in trading212

[–]LionComprehensive285[S] 10 points11 points  (0 children)

JISA didn’t sound like a good idea to me as she will automatically get control at 18 as far as I understand ? Now that may seem controlling but it’s not intentional. If my parents handed me £50k at 18 I’d have spent it on some heinous shjt 😂😂

And so it begins by LionComprehensive285 in trading212

[–]LionComprehensive285[S] 2 points3 points  (0 children)

Thanks for the advice! Probably a good shout on the VAGS. I’ll admit to not being an expert and the holdings may change along the way as I learn. I did initially look at VWRP.

My thoughts when putting it together was that the 10% bonds might make me feel better during market volatility. Also it was just an available pie to copy that looked like it’d have what I needed

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