Moderators Casino Posted January 11, 2018 Moderators Share Posted January 11, 2018 i had my first dealings with an IFA about 3 years ago dunno what its achieved in terms of improved performance but shes nice and i get some nice graphs Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted January 11, 2018 Site Supporter Share Posted January 11, 2018 You're lucky; don't think I get any graphs. At least the scheme is doing well though. Quote Link to comment Share on other sites More sharing options...
Ani Posted January 11, 2018 Share Posted January 11, 2018 Birch, the difference in say 3% pa growth over 20 years, and 6% growth is stark. Find out the performance of your fund over the last few years, chances are it's invested in something modest. In the example I quoted if growth was 3% rather than 5% would knock about £100k off end value. Quote Link to comment Share on other sites More sharing options...
Smiley Posted January 12, 2018 Share Posted January 12, 2018 Crypto been a bloodbath the last few days. Seen 120% overall growth reduced to 0% in a matter of days. Incredible rollercoaster. Then one Tweet from the CEO of XRP yesterday about a tie-up with Moneygram and boom, back up to 30%. XRP awaiting 2 more significant partnership announcements. If one Crypto is actually going to be worth something, it is this one. Also hoping that the new trading platform in Japan from the DMM group (who have 27m members) will have a significant impact on price. Ethereum has been flying this last week or so, again making me think that when one Crypto flies it sucks the life out of all the others. We saw this when XRP was fast rising. The others all suffered. Friday lunch time is usually when the Yanks take their weekly profit (it has been the pattern so far). The skill is to sell with them and buy back at the low price. So far I've not bothered to join in, and just held. Today I'm hoping they pop the Ethereum balloon and suck the profits out of that and pump them into the well-priced XRP. Further to Ani's comments – I've cleared out some deadwood at a decent-sized loss along the way - happy to admit I've LOST MONEY. But its not impacted too much on my profits. More lessening the burden on my main investment. And... as you can guess, that deadwood turned to profit within a few days after I'd off-loaded - such is my inexperience in all this. Regarding funds, mate of mine in one called Jupiter India (with Hargreaves Lansdowne) getting good returns I believe. Not 278% though. Quote Link to comment Share on other sites More sharing options...
Sweep Posted January 12, 2018 Share Posted January 12, 2018 making me think that when one Crypto flies it sucks the life out of all the others. That makes sense I reckon Quote Link to comment Share on other sites More sharing options...
Smiley Posted January 12, 2018 Share Posted January 12, 2018 Regarding other funds, I'm also in a Trade Copy Fund for Forex. Expected returns are 3%-5% per month, compounded. So somewhere between 40%-70% growth each year. Even if it only hits 20% growth, it will be doing a lot more than most funds. Quote Link to comment Share on other sites More sharing options...
Whites man Posted January 12, 2018 Share Posted January 12, 2018 Jupiter India up 5% YTD, better than any bank, and likely to be the next big growth area after Japan has run its course and investors look for growth potential elsewhere. This is IMO as I don't work in this field, just an interested amateur sat at the table with a small pile of chips. You can buy it from any fund supermarket, I use Hargreaves Lansdown because of their app and website but am looking to move to a lower cost platform like AJ Bell which will probably halve the costs. (Note for newbies; for funds you pay a monthly fee to the fund manager, eg Jupiter and sometimes a performance fee to them. You also pay a monthly fee to the fund supermarket for holding your investments). Quote Link to comment Share on other sites More sharing options...
Sweep Posted January 12, 2018 Share Posted January 12, 2018 My main pension pot is split across a load of different funds, a large portion of these are in Japan which have seen good growth over the last 12 months, I've also noticed a few of my funds now being transferred across to Indian interests as well (I basically get a note each month telling me what my pension bloke is doing with regards to shifting stuff around - I let him crack on, as he seems to know what he's doing) Quote Link to comment Share on other sites More sharing options...
Traf Posted January 15, 2018 Share Posted January 15, 2018 Digitex sold out within 18 minutes Quote Link to comment Share on other sites More sharing options...
Smiley Posted January 15, 2018 Share Posted January 15, 2018 Digitex sold out within 18 minutes Did you get some? I didn't bother. Price of Ethereum had nearly doubled since beginning of the month. Quote Link to comment Share on other sites More sharing options...
Salford Trotter Posted January 15, 2018 Share Posted January 15, 2018 Amongst other things IFAs will assess your personal risk profile and will invest in funds that represent that profile. Generally within 10 years of your anticipated retirement date the fund managers automatically lower your risk profile so that your end result gives you the pension value you want. Irrespective of your risk profile and only if you can afford it, salary sacrifice into pension is a fantastic way of saving. A good IFA can save/make you £000s which could make the difference between a comfortable retirement or one where you could struggle to make ends meet. As a general rule target an annual retirement income of about 50% of your final salary. Quote Link to comment Share on other sites More sharing options...
Sweep Posted January 15, 2018 Share Posted January 15, 2018 Somebody suggested to me recently tgat each £100K of your pension pot would equate to an annual pension of only £6K - I thought that sounded a bit low, but then again I know fuck all about it ???? Quote Link to comment Share on other sites More sharing options...
Salford Trotter Posted January 15, 2018 Share Posted January 15, 2018 Somebody suggested to me recently tgat each £100K of your pension pot would equate to an annual pension of only £6K - I thought that sounded a bit low, but then again I know fuck all about it ????That figure depends on a number of factors and assumes you take an annuity as opposed to the recent option of taking the cash alternative. As a general rule pension providers work on the basis that you take your pension at 65 and they assume you'll peg it at 85. They divide the investment by 20 and pay accordingly so a pot of £100k (assuming you have already taken your tax free 25%) would pay £5k a year but annunities are now perceived as poor value. Look into draw down pensions where your lump sum can still grow each year but you draw down according to your needs but again an IFA will give you the best advice. Quote Link to comment Share on other sites More sharing options...
Jol_BWFC Posted January 15, 2018 Share Posted January 15, 2018 I always thought IFAs were there for people with more money than they knew what do with. The more I read the more I think I need to be getting myself into gear and speaking to someone. Quote Link to comment Share on other sites More sharing options...
miamiwhite Posted January 15, 2018 Share Posted January 15, 2018 I always thought IFAs were there for people with more money than they knew what do with. The more I read the more I think I need to be getting myself into gear and speaking to someone. I know we have our differences on other issues, but I’d certainly agree with you for the first time ever that you should get specialist advice on finances. I honestly wish I’d took professional advice much sooner. Quote Link to comment Share on other sites More sharing options...
Flannel Truscott Posted January 16, 2018 Share Posted January 16, 2018 Did you get some? I didn't bother. Price of Ethereum had nearly doubled since beginning of the month. This wouldn't affect the digitex price though. Quote Link to comment Share on other sites More sharing options...
Smiley Posted January 16, 2018 Share Posted January 16, 2018 This wouldn't affect the digitex price though. You had to buy the tokens using Ethereum. If you bought your Eth 3 weeks ago, instead of yesterday, it was nearly half the price. So unless I'm wrong, you'd have been able to buy twice as much? Or am I missing something? Quote Link to comment Share on other sites More sharing options...
Traf Posted January 16, 2018 Share Posted January 16, 2018 Did you get some? I didn't bother. Price of Ethereum had nearly doubled since beginning of the month. Didn't manage to get any. Plus the ETH I'd set aside for it has dropped quite a bit in the last 2 days, so Ive lost twice. I've decided this crypto stuff isn't for me. I'll hold on to the small amount of ETH I've got until it's back to what I paid for it and then I'll get out. Quote Link to comment Share on other sites More sharing options...
Flannel Truscott Posted January 16, 2018 Share Posted January 16, 2018 You had to buy the tokens using Ethereum. If you bought your Eth 3 weeks ago, instead of yesterday, it was nearly half the price. So unless I'm wrong, you'd have been able to buy twice as much? Or am I missing something? Eth was the currency but the price was USD. So if bought one ETH worth you would receive more digitex tokens than at the lower price. Or you could have used less ETH to buy the same amount of digitex. Still shows the volatility risk, if they didn't cash out their ETH right away it's with 20% less today. Quote Link to comment Share on other sites More sharing options...
Sweep Posted January 16, 2018 Share Posted January 16, 2018 Didn't manage to get any. I've decided this crypto stuff isn't for me. This is where I'm at The more I looked into this Digitex, the more I thought about it, the more it sounded like a classic Ponzi scheme to me. No doubt I'll be proved wrong and you'll all be Billionaires by Easter, and I'll still be scratching around bins for food ???? Quote Link to comment Share on other sites More sharing options...
tomski Posted January 16, 2018 Share Posted January 16, 2018 I'm also out. More because I can't be arsed with the joy/panic I'd go through if I did. Hopefully sweep will give me some money Quote Link to comment Share on other sites More sharing options...
stevieb Posted January 16, 2018 Share Posted January 16, 2018 These icos are just a way of raising capital for tech firms. There's no logical reason for the coins. One today I was looking at was insure pal, I think there is merit in the business idea but not in the token. Sold out in 1 minute 20 seconds. Quote Link to comment Share on other sites More sharing options...
Sweep Posted January 16, 2018 Share Posted January 16, 2018 Hopefully sweep will give me some money What's mine is yours mate. You know that. Quote Link to comment Share on other sites More sharing options...
tomski Posted January 16, 2018 Share Posted January 16, 2018 What's mine is yours mate. You know that.Das wunderbar Quote Link to comment Share on other sites More sharing options...
Sweep Posted January 18, 2018 Share Posted January 18, 2018 No Crypto updates for a few days. Is everybody a millionaire now.....or has the novelty now worn off? Quote Link to comment Share on other sites More sharing options...
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