Investment & Investing

long term bet then ;-)

Got this from Nutmeg

1 Attachment

Always long term unless it's short term.

@olaf_von_pokemon just catching up. under CASS (Client assets Sourcebook) rules all client money has to be ring-fenced and separated from company assets and cash. all has to be reconciled and ready for audit by the FCA at anytime and all must be timely available upon request by the customer. (timely rather than immediate because some stocks and MAFs etc take 5 days from request to complete trade so funds would be returned to customer on 6th day from request.)

Going longterm on CIMCO on First North. Potential rocket now when Nato wants to turn out their engines on their fleet of 1600 vessels 2018.

I need to pay off a 0% credit card that's coming to an end.

Annoyingly I missed the boat on one of my banks offering £30 (net) cashback for a balance transfer. Which would have been a simple way to make £30 before paying it off.

Don't suppose anyone knows of anyone else offering cashback more than the balance transfer costs?

@Howard

Well, this thread moved on 8 pages since I last visited...

https://www.vanguardinvestor.co.uk vs https://www.nutmeg.com/isas/isas-at-nutmeg/ ?

Vanguard isn't mentioned in this list...
http://forums.moneysavingexpert.com/showthread.php?t=3153942

@dt

lol I'm useless have stupid work to do so about to go quiet.

I think it was @TW who was involved in the LTD / pension thing.

Vanguard isn't mentioned in this list...

That list appears to have been last updated in 2015 (vanguard only launched their uk offering in it's current form this year).
A better list would be here: http://monevator.com/compare-uk-cheapest-online-brokers/
Which one is cheapest, depends on how much money you have, how regularly you'll be investing, etc etc.

I recommended vanguardinvestor for simplicity, as if it's not the cheapest it will be thereabouts. Plus they are a recognised, well established firm etc.

When you say "recognised, well established" but they've only been in their current UK form for a year...

What's the story? Were they called something else? Or did they come from another country?

it's the uk arm of https://en.wikipedia.org/wiki/The_Vanguard_Group

I got some ppi back.
I feel like daddy Warbucks with my £600.

As I'm reducing my hours at work, I won't have much spare cash if any to top up a monthly gamble.

Can /should I open nutmeg/money farm and trickle in 40 a month or throw it all somewhere like that or pay off two overdrafts that costs me 10 a month?

Overdrafts. You're not going to better a 20% return anywhere else!

My general advice would be to pay off any debts before investing, unless you're guaranteed to earn more through investing than you pay to have an overdraft. Does having an overdraft count against your credit rating? I don't know.

Nutmeg seems like a good shout for hand-off investing.

Any micro investing strategies? Or should I try and develop a system on the horses and dogs?

As @Drakien says, eliminate debts first. You need a cash buffer of course, because emergency borrowing in the face of an unexpected expense always costs more. If you have those, then put away something regularly. With bank are you with? Many offer fairly good rates for 'regular saver' type accounts.

My system has worked so far.
Bet on something with a funny name and shit odds.
Win big.
Laugh at the 'proper gamblers'.

Pay off the overdraft.

Nutmeg has a minimum investment level, think it's £100 a month (or could be £500 but that sounds a bit high, maybe £500 to open it).

Think it's 500 to open, 100 per month.

EDIT: https://frugalstudent.co.uk/index.php/2017/02/05/nutmeg-investment-review/

Right well. Overdrafts go on Monday then.

How do I find out more about this. Very happy to take a punt! Limited idea about what it all means though... probably not a good combo!

Can I ask a question. I had a good H1 and want to do something useful with the bonus (c £20k). I currently pay £500 per month into a Nutmeg ISA and started it with £3k. So I have £11k left for this year's allowance? I can't really pay more per month than I currently am for now but where there's a will there's a way.

I have 2 BTC which I bought aaaages ago but don't want to do anything like that. I'd describe my appetite for risk as medium - high . I would like to use this pot to do something like a loft extension within the next 18months.

Should I just pony up for a IFA or can a bunch of random internet bikers help me out?

(n.b mentioned numbers to help people with context not meant to come across as a dick)

Why not dump what you can into the ISA and keep the rest for coke and prozzies?
If I need the cash soonish I tend to go for easy, which for me tends to be one of those bonus saver thingies. I know they earn fuck all (4%? last one I had was more than that not done it in ages). Easy and you know you will have all the money in it. I'm a low risk kinda guy though - I take health risks not money risks.

When it comes to isa it's cash or shares.
Cash is paying less the inflation so it's pants. But rate rises are immanent.
Shares are looking a bit frothy, but the markets is expecting a boost from tax reforms in America. After that I'm expecting a correction. Then will be a good buying a opportunity, when it will be is anyone's guess. You could miss out on some great gains.
Strange times.