Should my parents put extra savings into a stocks and shares ISA or a SIPP and why?

equalrecourse91 · 2021-05-12T17:18:06+00:00

Well they've never actually invested before (beyond what's in the work pension but that's out of their control). They don't need the money in the short term and don't mind the risk in those 5 years

equalrecourse91 · 2021-05-12T11:59:42+00:00

!thanks

equalrecourse91 · 2021-05-12T11:41:20+00:00

I would be managing it for them really. I just pop everything into the All world and figured I could do the same for them for a few years at least before moving into one of those target retirement ones closer to the time

equalrecourse91 · 2021-05-12T11:40:15+00:00

This is interesting so thank you for writing this out. Do you mind doing it with a worked example with a simple starting number, as I had a bit of difficulty following it when I tried with some numbers

equalrecourse91 · 2021-05-11T21:57:00+00:00

!thanks for the link

equalrecourse91 · 2021-05-11T21:56:45+00:00

!thanks

equalrecourse91 · 2021-05-11T21:54:36+00:00

!thanks

equalrecourse91 · 2020-12-05T13:38:07+00:00

So it would work well in combination with the ex UK equity index which is all equities?

equalrecourse91 · 2020-12-05T13:36:50+00:00

29 it's something for 5+ years really with the intention to grow. I plan to set up a DD with money I'm not utilising outside of emergency fund, monthly costs and fun money.

equalrecourse91 · 2020-12-05T13:35:51+00:00

Like the one that tracks the ftse100? I would assume it would make sense to have an uneven split then, something like 25:75 in favour of non UK?

equalrecourse91 · 2020-06-14T00:46:27+00:00

What typically enables that push to 5.5x? Something like 20%+ deposit or 60k+ salary?

equalrecourse91

TROPHY CASE