Investment & Investing

pretty much, although won't be getting anything for a few months I don't think. It could be the start of a trend, so maybe you'll get bought out by a big bank too!

I'm not really sure what happens next... am I forced to sell my shares to JPM for cash? or could I be offered shares in Chase UK ?

You own shares in the Nutmeg business which I imagine will be no more and rolled in to JPM - it’s likely that all the small shareholders who bought in will be 100% cash out. The terms of the agreement will say and you won’t see that for a while.

Before I build my own, has anyone seen or got a good tool for mortgage calculation based on cost, tax reductions, repayment, initial input, offset by interest on earnings etc.

That sounds way too complicated. Just borrow what the bank will lend buy something for 50% of that and then spend the rest on upgrading your kitchen so everything is wifi-controlled.

I'm an engineer, we like to analyse the fine details to boredom.

So am I, but budgets are for Project Managers not Engineers :)

Amen.

Whatevs I just want to maximise my monies and not waste cash on other people.

sub it out.*

I'm sure there is a calculator out there.

I estimated that a really detailed calculator could save me ~£200 or so over the ~20 years of my mortgage, compared to the basic simple calculators out there, and so I didn't bother.

tax reductions

Thought all of those were gone now? (Or do you mean tax efficient savings like ISAs?)

Everyone just borrows as much as humanly possible and (should) invest the spare cash any way how. Investments should return 5% + annually, mortgage will cost significantly less than that for the foreseeable future.

tl;dr you don't need a spreadsheet

Investments should return 5% + annually

bold. what about risk?

Risk? That's what gets you the reward!

Obvs you might not get 5% per year, some years you might get a lot less, none or negative. But on a long enough timeline with some not totally awful decisions ...

agree in broad terms.

I just think it's worth being clear that paying off the mortgage is almost risk free whereas investments are not, and mostly do not return a nice even 5% p.a., and timing the market generally doesn't work, and economic shocks can upset even a balanced portfolio for a significant period.

I can get a tax break on stamp duty, but I'd have to put more cash into the place to get the tax break worth 5% of purchase price.
So I do need excel to work that out for me.

I can get a tax break on stamp duty, but I'd have to put more cash into the place to get the tax break worth 5% of purchase price.
So I do need excel to work that out for me.

If the tax break gets you a return on that 5% of purchase price >= to what you could expect should you have invested it then it's a no brainer I would have thought.

Been looking into tokenisation of assets recently, looks like it will be a big thing going ahead.

https://www2.deloitte.com/content/dam/Deloitte/lu/Documents/financial-services/lu-tokenization-of-assets-disrupting-financial-industry.pdf

Put a few quid into these guys recently - http://www.trade-strike.com - could be worth a punt if you're into the crypto thing.

Seems clear enough to me!

Ha, the wacky world of BSC tokens. To be fair it's simpler than it looks. I use Trustwallet to buy BNB Smartchain then just swap in Pancakeswap, it's pretty straightforward.

Decent guide here too - https://twitter.com/trade_strike/status/1403996637815619584?s=21

Still going; https://www.bbc.co.uk/news/business-57826826

I got a pay rise of exactly 2.5%, guess that's where the number came from.

How is all the crypto stuff going?

Recent conversation with a divorcee who was ploughing a chunk of her settlement into crypto as it would set her up for rest of life.

So it's good for widows and orphans now.

Depends on your timescale, last 12 months amazing, last 3 months not so much

Nice pay cut

This reality is so unreal.