Investment & Investing

Anyone got a recco of a good IFA or someone to advise on tax? Thanks!

Hello all,

I'm currently in the process of starting my own business, and I'm looking for investors who are (ideally) interested in cycling to help out with the start up costs. The money will come into the business through the SEIS scheme, so it's pretty tax efficient.

I would be interested to hear if anyone on the forum has been in a similar position to me and if so which channels did you explore to find the money you needed? And also, I suppose, if anyone here had some money they were looking to invest and would like to hear more about my plans.

I have around £20k to put into savings. I need to have access to it just in case of life events etc so don't want to go for fixed bonds. I know people say ISAs are irrelevant now because of the higher threshold for getting taxed on interest. But there doesn't seem to be that much difference between Easy Access savings and Cash ISAs and at least you can always access ISAs. Also, perhaps in a few years if I max out the ISA allowance it will pay off having tax free interest? Would it make sense to go with an ISA, or would I still be better off with some other product?

You could scrape the top £1000 tax free threshold with £20k in an instant access product if you were savvy with what you did with it :)

That said, does the allowance only apply to Cash savings? if it does then yeah you'd need a lot of cash before you'd start bumping the limit.

Bollocks.

Any interest you earn from bank accounts, savings accounts, credit union accounts, building societies, corporate bonds, government bonds and gilts is covered.

dividend income from shares or funds is not included in the allowance.

https://www.moneysavingexpert.com/savings/personal-savings-allowance/

Assume capital gains income from shares and funds won't be included either... and is simply capital gains.

So yeah, with £20k of cash just find the highest paying product you can, unless you see yourself having a shit tonne of cash savings in the future.

I need some DIY tips for the home. Thinking of doing the floorboards in our house. Have I come to the right thread?

There might be a DIY thread if you UTFS :)

I've looked back over the last few pages, but is there a forum recommended IFA? I see the question's been asked a few times, but can't see any consensus, and the FT podcast linked a few months ago has expired.

I have £60-80K to invest and am happy to have it tied up for 10 years. The guy who advises me on mortgages and pensions has been pretty good, but is slow on this, which isn't inspiring confidence.

With 10 years i would lean towards stocks.
I would feel very confident On a good return on a low cost index fund on that sort of time frame.
Proven over the long term to put perform most active funds will take fees and under perform..
Timing during buying and selling is key to success.

I see the question's been asked a few times, but can't see any consensus

I've asked this question so many times to so many groups - nobody offers anything up, and I guess you can kinda understand why. What if their recommendation's plan turns out to be duff and it fucks someone's financial future up? Awkward.... I don't think people are confident in their ability to judge an IFA either, they'd probably say 'this guy is nice and he doesn't charge much' but won't be able to judge the quality of his advice because of the long term nature of it.

the market has been rising for 10years now
surely stocks have got to take a hammering in the next few years, some global flashpoint, deutsche bank going under, some significant world event similar to 2008
even with a 10 year view would it be wise to go large in stocks right now, if your first few years returns are negative, i'd wait till theres a significant drop then pile in*

*personal views obvs

^ I was thinking this too

The problem with Stocks and funds is buying the right stocks and funds...

Buy some tinned goods and some ammunition, obvs.

So Walmart stocks then?

Yes, you're probably right, although any recommendation would come with a "buyer beware". A nice guy who doesn't charge much would be a start...

Possibly.

But it's unlikely you'll be able to time the market. The best thing is to diversify and understand your timelines / investment horizons.

As for DB, I'm not sure what impact they would have on the market.

The best thing is

BITCOIN

Kidding

Any recommendations for a share dealing platform?
I've read money saving experts page on the subject. I'll only be making one or two trades a month at first.
Hargreaves Landsdown ?

monevator has a good price comparison table: http://monevator.com/compare-uk-cheapest-online-brokers/

when i was looking up the link i saw that they new have a new tool to help you compare based on how much/often you will invest: http://monevator.com/compare-the-brokers/

i use https://youinvest.co.uk/ and i probably chose them because they are amongst the cheapest.

Also interested in this. I've been recommended DeGiro.

Anyone using eToro?

Look at spread betting; seriously! Just use a tiny bit of your money on each trade.

Lower comission than shares.
It's considered gambling, so no tax.
World-wide markets, incl indices and comodities.

Go with IG Index, and you'll aslo get a great charting package if you want to study trends etc.

Hargreaves Landsdown

I use it for ISA and SIPPs, and can't fault it.

+1

Anyone moved USD to GBP recently? And if so who with?

Currently looking at transfer wise and an indy.

Cheers.