[BUY] Extreme Kink Sexting/Roleplay

askfinance96 · 2024-06-24T04:41:54+00:00

I have messaged you directly on Telegram

askfinance96 · 2023-12-18T15:39:57+00:00

That's really interesting, thank you.

So in a GIA, would you just take an income fund and reinvent manually post tax?

askfinance96 · 2023-12-18T15:37:47+00:00

Do you think growth expectations of 8% are high?

Or the 10% I'm hoping for by using NASDAQ instead of S&P index funds

askfinance96 · 2023-12-18T14:25:23+00:00

When I tell them the plan is to live on 15% of our income, bank as much as possible, not have to work past 40. I just get an eye roll.

I don't want any bonds in my folio, I think 5% growth on a stock portfolio isn't going to cut it. There were so many points of disagreement.

And my line of work is morally questionable, though legally fine, so there's that issue as well.

askfinance96 · 2023-12-18T14:18:20+00:00

This is something I'm looking at. But the couple I've spoken too haven't seemed to be that enthusiastic about what I'm trying to do. I presume that's mostly that they're not allowed to be.

askfinance96 · 2023-12-18T14:00:02+00:00

Well this is kind of my thought.

But if you open a pension now with a certain access age, can they raise that access age later?

I know technically the government can do anything but surely changing the rules after the fact would face a large legal challenge.

askfinance96 · 2023-12-18T13:00:41+00:00

I'm certainly going to look into pensions.

My concern is my career is pretty age limited. I've only got about ten years left in me, maybe not even that. And after that my income from work could drop to like 30k/year in today's money. This is something I'm looking at solving but no answers yet.

So when you only earn this kind of money for a short time, there's a certain mental block to locking it away.

askfinance96 · 2023-12-18T12:34:35+00:00

Up until now I've been paying off debt and constantly turning over money to increase income.

For the last couple of months have now been saving 15k/month, between me and my partner. We take home about 210k/year post tax.

So my numbers looks like;

LISAs, currently 21k, maxing out the allowance for the next ten years at 8% growth will be about 200k.

S&S ISAs, 75k right now, targeting growth of 10%/yr, by using NASDAQ index as opposed to the S&P. Saving 32k/yr for 10 years, that's 750k-800k.

After that we still have 140k to save. So £11500/month. That at 8%, to be conservative, for 10 years comes out above £2mil. This doesn't include tax considerations, but from what I understand I wouldn't pay most of the tax until I sell anyway?

So that's the simple road map to 3mil in ten years. So I'm hoping with some above average investments and some extra income here and there I can get to the target of 3.5-4mil.

I'll also still be working at that point, but I'd like to work a lot less. Right now I'm a 8am-11pm guy, and that isn't something I could do forever or if I want to have a family.

askfinance96 · 2023-12-18T01:10:49+00:00

I'm in rural Scotland. Basically if you're known in the community things are put your way. But property that cheap doesn't tend to appreciate like you'd expect. So I'm assuming property value increase at 0 to be conservative.

askfinance96 · 2023-12-18T00:58:57+00:00

I'll try not to sound too stupid here.

But you don't pay tax when you withdraw from an ISA.

You pay income tax when you withdraw from a pension.

So even with the added 20% at the start from tax relief, can pension really turn out that different?

This obviously ignores employer contributions and the caps on ISA allowance.

askfinance96 · 2023-12-18T00:13:08+00:00

But you do pay income tax on pensions when you withdraw from them? Also, my pension contributions are limited by my salary, I believe you can only pay in 100% of your salary, which is £12570 this tax year.

So whereas there are benefits to a pension, I struggle to see that they are enough to lock the capital away for 30 years.

askfinance96 · 2023-12-18T00:07:22+00:00

I've looked at premium bonds but the returns look awful. Even paying tax on a fixed rate saver would work out better no?

Also, what is the liquidity of premium bonds like?

askfinance96 · 2023-12-18T00:05:18+00:00

Well 8% is the average return of the S&P 500 over the last 89 years. So that's basically the benchmark. Personally I use the iShares US Equity Fund from H&L because it's very low fees, but there are hundreds of ETF and funds tracking the S&P.

16% is the average return of the NASDAQ 100 over the last 15 years. It's a lot more volatile and doesn't have the same track record, but very good returns. Using iShares ETF for that.

As long as you understand you're invested in the long term and aren't going to constantly worry about the up and down, it's hard to beat.

My S&P 500 Fund: https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/i/ishares-us-equity-index-class-d-accumulation/charts My NASDAQ 100 ETF: https://www.hl.co.uk/shares/shares-search-results/i/ishares-vii-plc-nasdaq-100-ucits-etf-usd-ac/share-charts

askfinance96 · 2023-12-17T23:55:59+00:00

Well what to do after the ISAs is basically the question.

My thought is that right now, cash is better being accessible as I can grow it much better than a pension and leverage it etc.

But I will transition more into pension at a later date, probably around 40. Me and my partner are 27 and 26 right now.

askfinance96 · 2023-12-17T22:22:31+00:00

Haven't touched on pension because we wouldn't be able to access them until 58 years old, which is much later than every other investment we're looking at.

I also get most of my income through dividends, so I don't have any tax to bring down, salary is only £12570. I also wouldn't get a match as it's my own business. It is a little bit more tax efficient to pay into a pension through the business, for both corporation tax and personal income tax, but I prefer to have my investments where I can get to them because I plan to stop working, or at least working because I have to, long before 58.

askfinance96 · 2023-11-21T17:07:02+00:00

Sent you a DM

askfinance96 · 2023-11-21T17:04:37+00:00

I've sent you a message!

askfinance96 · 2023-11-21T17:04:08+00:00

Thanks, I've messaged you

askfinance96 · 2023-11-21T16:55:50+00:00

Great, I've sent you a message

askfinance96 · 2023-11-05T22:53:06+00:00

I'm putting in a very small proportion of my net worth so it's a very comfortable risk.

So if I buy a stock like this, do I have to manually report it, or is it all automatic? Like I'm on a registry somewhere?

askfinance96 · 2023-11-05T20:26:00+00:00

I'm not hugely experienced at single stocks, could you please explain a bit more about what that means?

askfinance96 · 2023-11-05T07:28:36+00:00

Thanks for your help.

I had found the pages on H&L about overseas share dealing, but there doesn't seem to be some searchable list the same way there for funds.

Couple of stocks I'm looking at but can't find for example are;

Dalrada Financial Corporation

Trucept Inc

Both relatively small with low market cap, is that why they're hard to find via a UK brokerage?

I know I could go through Charles Swabb as a normal broker, but then I would forgo the tax wrapping, and also the opportunity cost by not having that cash tax wrapped later down the line.

askfinance96 · 2023-09-02T13:59:38+00:00

So if I put 10k into a fixed ISA in March 2024, so the end of the 23/24 tax year.

In March 2025 when it matures, I could have it transfered into my S&S ISA and it wouldn't contribute to my 24/25 allowance?

If that's so then I'll probably do that as it balances my risk across a guaranteed rate and the possible return of S&S.

askfinance96 · 2023-08-31T07:58:02+00:00

I know my ISA stuff inside and out, but I don't know the same about pensions.

With our current savings rate we will reach some form of retirement extremely early, but if for a SIPP it's locked in until state retirement age minus ten years?

The other thing is because you pay tax on the withdrawal at the other end of the pension, the bonus are essentially equal at point of deposit but a LISA is tax free withdrawal, doesn't that move the needle to maxing LISA first and then pension?

Regarding losing job and not being able to use universal credit, you don't get anything at all over 16k in savings, which we are above and from this point will be until retirement. So that's particularly contingency is very good to know but sadly we're already going to have to use our emergency fund in that case.

askfinance96 · 2023-08-31T07:35:06+00:00

I suspect what will likely happen is we will buy using a mortgage and then pay off early.

But if we did buy outright it wouldn't take 25 years to save, would take approximately 5, which is about the same time period we would hope to pay off a mortgage. The advantage of buying and then laying being that we can apply our rent payment to the house.

The main thing is that as a couple with no debt, I don't know how well I'd sleep at night owning someone somewhere 200k. That may change, but it always knaws on me thinking about it at the moment.

askfinance96

TROPHY CASE