Investment & Investing

Cheers for that!

@Bainbridge p170 'As opposed to taking the car or running there, cycling costs nothing. You never have to replace bike tyres...' p170
Seems really good other than that so far

Yeah that made me laugh.

At this point it's just warming up

cycling costs nothing

Well here's a little fact check statement to the authors from hippy..

Fuck

Right

Off

Transferring pensions.
My employee has moved from Standard Life to Legal & General.
I won't be making any more contributions to the standard life pot, should i leave it and make it mega fucking aggressive fuck the ethics give me money or transfer it?

Depends how much is in the fund. Advice I was given once was that it was better to keep funds apart as that means you’re not relying on the judgement of a single fund manager to manage your pot. Then consolidate into one fund as you get closer to retirement.

Probably peanuts.

I'll set it to
"global warming"

I thought consolidation was usually better because you can get fucked over on fees on the more managed accounts?

Will they let you transfer it anywhere? if so, you could transfer to your own sipp, that way you're fully in control of it / fee's etc

With no one to blame for your investment tanking but yourself :)

(and all the Brexit voters)

should i leave it and make it mega fucking aggressive fuck the ethics give me money or transfer it?

How much are they charging - management fees, fund fees etc? Anything above 0.5% / 0.6% p.a. is a joke.

Aggressive funds have a habit of dropping too... And they are pricey.

Unmanaged / trackers funds tend to do just as well, if not better, than managed funds over time, and they are way cheaper (HSBC all share tracker is 0.07% for example)

Transferring to a SIPP with a cheap manager is easy.

You should talk to an IFA if you have any benefits / guarantees on the pension funds.

Late here but do think so? It’s down 20% in a year.

Genuinely asking, not incredulous

Are there any apps for investing in stocks and shares or penny stocks or anything? really unfamiliar with this department...

Hargreaves Lansdown have an app, works well.

Not so good for penny stocks given HL's higher than average fees.

freetrade?

A good way to start dabbling is Halifax.. they pool investments (share builder) can to lower cost once a week to cost £2 per trade.. still 12.50 to sell when ever.
If you want to drip in regular small amounts to build a nest egg and build experience of the markets it may be a good idea.
There also may be accounts that free trades for initial period. Remember you'll still have stamp duty either except for AIM listed shares that are exempt. These are less mainstream companies that are inherently more risky, some well known though like ASOS.

Quite a useful guide to stocks and shares ISAs

https://www.langcatfinancial.co.uk/isa-guide-2019/

i received my annual statements for my two pensions from my time at D******e. they have always gone up, but this year, both have gone down, quite significantly.

is this just the state of play? should i move them into my current employer's scheme?

thanks - i am a novice.

hope you don't mind i've used your Nutmeg referral code.

should anyone wish to pay it forward, so to speak, here's mine :)
https://nutmeg.mention-me.com/m/ol/bj7ks-8f1bd111dd

Not at all. Nutmeg shows me that two people have used mine now, but I haven’t received a penny from them. I imagine they hold on to it for ages.

for my side of the deal (the 6 months without fees) it says it'll be processed within 30 days - so fingers crossed it's on its way.

Yup, last year wasn't great - previous year I was up 10-13%, last year was down 7%

for my side of the deal (the 6 months without fees) it says it'll be processed within 30 days - so fingers crossed it's on its way.

Thanks for clicking, anyway. Seems they're spending a lot of cash recruiting new users at the moment. They're advertising on the tellybox too.