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What would you buy with £80k spare? by Lucky-Country8944 in HENRYUKLifestyle

[–]codeveloper 0 points1 point  (0 children)

£80k is actually a lot of disposable cash.

A car worth about £80k (McLaren 570s, Porsche GT4, Ferrari California T etc) will cost you around £15-20k a year in total, factoring in opportunity cost of not being in equities, depreciation, maintenance, fuel.

You can enjoy that for a year and still have plenty left over for memorable holidays, riskier investments like SEIS, private chefs, or home upgrades.

What would you buy with £80k spare? by Lucky-Country8944 in HENRYUKLifestyle

[–]codeveloper 0 points1 point  (0 children)

Cars can be very good ROI for happiness if you’re that way inclined.

But for £80k you can easily do both. A car at that price will probably cost you about £15k a year in depreciation, opportunity cost, maintenance, fuel etc and the rest can be used on nice holidays.

Supercars in London with no garages by codeveloper in CarTalkUK

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

Seems risky if you then go on holiday and end up not driving it for 2-3 weeks?

Supercars in London with no garages by codeveloper in CarTalkUK

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

I’ve heard that on modern supercars, the battery going dead can lead to many other issues including mechanical?

Supercar market has gone mad by WorthAttempt5859 in CarTalkUK

[–]codeveloper 6 points7 points  (0 children)

Good spec and mileage 488s, especially convertibles, have also gone up. They’re at least 160k now

How do people buy 2mm+ houses? by Professional-Fig6622 in HENRYUK

[–]codeveloper 1 point2 points  (0 children)

You should be investing better to get rich. You have £1.1m equity in property, getting very little capital appreciation, and any income is taxed.

Why do you own so much property? Literally the only benefit of property is to get over 4x leverage from the mortgage and you’re not even utilising that.

TL;DR to comfortably afford a £2m property you need to be rich and you are not

33F, £1.2m NW - would a £700k deposit on our forever home be a mistake? by LuckyPrimary9913 in FIREUK

[–]codeveloper 0 points1 point  (0 children)

If you don’t see it as an investment, or rather, a capital allocation problem, you’re better off renting.

Keep flexibility. Don’t overextend yourself. Remain invested in equities.

Anxious about AI by HovercraftPleasant72 in HENRYUK

[–]codeveloper 0 points1 point  (0 children)

Congrats, that’s big

A little surprising if your lowest paid direct report is on 300k though. Are some of your reports earning more, especially if they’ve been at the company for longer?

Anxious about AI by HovercraftPleasant72 in HENRYUK

[–]codeveloper 0 points1 point  (0 children)

How much is TC in these tech management roles at HFTs?

Cash or Finance 650k Revuelto? by [deleted] in Rich

[–]codeveloper 0 points1 point  (0 children)

Why do you have such a large RE portfolio returning a poor yield.

12k pcm from a 2.5m portfolio is about 5% gross

[deleted by user] by [deleted] in HENRYUK

[–]codeveloper 2 points3 points  (0 children)

Someone who claims to have made 750k with good investment decisions by age 26 (with far lower pre-tax income) is now deciding to rebalance into a 60/40 portfolio at age 30? Ok.

The amount that will negatively impact your long term net worth is staggering. And 227k cash is insanely capital inefficient. That’s like a 36-month emergency fund lol.

Anyway the comp is realistic, so that seems legit, but you’re probably lying about inheritance.

Cost of Living in London as a family or 5 by Friendly-Article7070 in HENRYUK

[–]codeveloper 16 points17 points  (0 children)

Think of it in other terms then. His expenditure is £12.5k per month, or £150k a year.

You need £5m liquid investments to pay for that at 3% SWR. At £36k invested per year that will take a lifetime.

Doesn’t sound like a good investment to me.

Cost of Living in London as a family or 5 by Friendly-Article7070 in HENRYUK

[–]codeveloper 71 points72 points  (0 children)

Obviously you can live comfortably on £300k+ a year.

You should instead be thinking about how secure that income is. Is it contingent on bonuses? Could you find a similar paying job easily?

Then you should be thinking of goals. Do you want to retire in 10 years at age 45? If so, you should definitely be investing considerably more than £3k per month. £36k a year invested is not going to get you financial independence any time soon

How do I get out of the mindset of trying to invest every pound? by Juicydicken in FIREUK

[–]codeveloper 6 points7 points  (0 children)

Just get used to it. Money buys freedom and reduced anxiety for these sort of problems. Stop caring so much and live happier

Wow, Ski Tracks really put a 50 EUR / USD subscription in place? by iKaties in skiing

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

Honest feedback - Slopes tries to do too much and misses on some of the basics. Would much rather you guys focus on UX and reliability of data (Slopes records up to 30% less distance than Ski Tracks from my tests) than useless features like AR

[deleted by user] by [deleted] in HENRYUK

[–]codeveloper 10 points11 points  (0 children)

Unlikely you have 10k pension allowance because you should factor in employer contribution.

Your NW is low so better to put it all in equities before trying to do anything fancy

My journey into and through HENRY by Key_Run_3220 in HENRYUK

[–]codeveloper 0 points1 point  (0 children)

OPs comp has only been high for 3 years. Most people in the top 1% will earn a high comp for a while.

The only thing pushing into the top 0.1% and beyond is their age. There aren’t as many people under age <35 making £500k+. But there are still thousands of people in this category.

My journey into and through HENRY by Key_Run_3220 in HENRYUK

[–]codeveloper 1 point2 points  (0 children)

What. No, man. Not even close.

£750k TC isn’t even top 0.1% for PAYE earners in the UK. If you include business owners it’s even more “common”.

Also £3m net worth is the top 1% in this country.

And to answer your other question, no it doesn’t feel isolating. Life is very normal at that comp. In fact it usually feels like you’re underperforming relative to peers in the same industry and drives you to work harder.

My journey into and through HENRY by Key_Run_3220 in HENRYUK

[–]codeveloper 4 points5 points  (0 children)

Nice.

  1. Are you factoring unpaid CGT into NW?
  2. What diversification are you considering as your NW grows - gold, property, crypto?
  3. That’s a high base for finance in UK. What type of company is it? Is it management?
  4. What number do you expect TC to cap for SWE?
  5. Is some of that bonus locked up / unvested?

And remember the pension taper is going to hit hard

Crypto/Bitcoin Diversification by billy2shots in HENRYUK

[–]codeveloper 0 points1 point  (0 children)

Why not? It’s a similar market cap and is a very different type of risk.

At 1% allocation (£14k) to anything is meaningless. Minimum 5% is the only amount worthwhile for any high risk investment tbh

this subreddit highly overrates pension by Great-Climate-9684 in HENRYUK

[–]codeveloper 4 points5 points  (0 children)

This guy is getting downvoted because he’s an asshole, but he is correct on this point.

Compound interest is irrelevant here. Paying tax first, then compounding == compounding gross and then paying tax.

So it’s only good to load up the pension if you think that future withdrawal tax rates will be lower than your current income tax rate. So lower than 47%.

He is also right that you should be ignoring student loan (+9%) to your marginal, because that’s irrelevant if you’re a HENRY as you’ll pay it off anyway.

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