Investment & Investing

Tres funneh lols https://www.bbc.co.uk/news/business-61102759

Malaysia-based Sina Estavi has been offered just over $6,200 (£4,720),
about 0.2% of the $2.9m he paid for it.

...

"Last year, when I paid for this NFT, very few people even heard the
name NFT. Now I say this NFT is the Mona Lisa of the digital world.
There is only one of that and it will never be the same," Mr Estavi
said.

"Years later, people will realise the value of this NFT," he added.
"Keep that in mind."

So when does Elon dump his shares now he's pumped them?

Riddled with this; I have Vanguard Lifestrategy Equity 80% and 100% funds in two accounts; a Vanguard account and an ii account. The ones in Vanguard account gains like mad but ones in ii account are in negative?!

Any platform fees to take into account?
Are you looking at returns over the same time period for each account? Or from when you bought in to each, which might have been at different times?

Fees was the first thing I thought, but no, I checked, not part of the calculation

tbf the money I had in vanguard in those funds has been there and like that over a year where as ii was invested last month, could be something to do with accumulation as you mentioned

here is a comparison between the two

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Is it not just that you're up 8-15% on the money that's been there over a year and down 2% on the money that's been there after a month? See the price chart.

What are you expecting?

(chart is LS80)

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It's just this ^

In the II case you bought at £1 per thingy and now it's valued at 98p per thingy, due to where the market was going in the time. The Vanguard stuff was bought at 84p per thingy, so it's still up even if the trajectory at the moment is down.

tbf the money I had in vanguard in those funds has been there and like that over a year where as ii was invested last month

you have answered your own question. you are looking at completely different time periods

ah yeah that makes sense, I may look like a fully grown adult but I am not, thx guys!

I may look like a fully grown adult but I am not

But do you?

pew pew pew

Is anybody having trouble paying into their Vanguard account? I tried paying in by debit card on Friday but got a message that payment didn't go through so cancelled the order. Today it's the same but I can't cancel the order and HSBC sees no attempted or declined transfers from my account.

Yup impossible from Monzo card for last couple of weeks

I suspect it has something to do with the increased security requirements for online payments but Vanguard doesn't seem to have implemented it.

Can anyone help me out with some maths/thoughts please.

I am on a plan 2 repayment student loan (pay back 9% of anything you earn over £28k ish) with around 31k in debt. If you are a higher rate tax payer (I'm not), earning over over £50,274, you have a 65% marginal tax rate.

I will likely pay this off in full in the next 30 years organically . I've never thought about paying off any extra from what I save/invest each month as the ~4-5% interest is less than I can get from investments on average in stuff like vanguard. Also a chance I'll stop work early, my salary won't grow, government write it off early etc etc (though this is small).

I am not sure whether to accelerate paying it off or even borrow from family to fully pay it off or not. Why would I do this? Well, the (exorbitant) interest rate is RPI + up to 3%. RPI is 9% at the moment so the interest rate could be 12% in a few months once they recalculate it. Unless the government cap it. This would mean I'd be paying a lot more back in say year 23-30 of the loan when without this excess inflation now I'd have paid it off.

What would you do? I got shafted at uni compared to people a few years older who paid 3k and have less interest, but the current plan is for graduates who start after 2023 to repay for 40 years and have a lower starting threshold makes me feel less unlucky.

Cheers

Think you've somewhat called it no? If you are saving and can't beat x% you will ~be richer by the time you finish paying the loan off by overpaying rather than saving while interest rate is whatever your risk appetite for x is? Main difference being overpaying rather than saving doesn't give you money for house (bikes)

I think so yeah but there's always the chance I am not a PAYE with a growing salary for 30 years in which case I am giving up my cash for no reason. I think I have all the info I need to decide but it is a hard call. Cheers

I'd be surprised if the govt. write too many of these off now tbh.

It’s probably far too early for you or anyone to call. I wouldn’t overpay anything now, and make a note to look at it again in 5 years.

they don't have much choice if you haven't paid it by the time you are drawing your pension.

there's always the chance I am not a PAYE with a growing salary

Isn't repayment based on overall income, not just PAYE?

As this is the investing thread though - you could head the inflation aspect of the loan repayment with an inflation swap.

Fuck knows where you buy one retail though.

they don't have much choice if you haven't paid it by the time you are drawing your pension.

This assumes that in general tax rules will remain largely unchanged, I guess?

The trend over the last decade has been the govt. tightening the tax regime clawing back money wherever they can. They might not try here, but then, I wouldn't bet they wouldn't.

Or just rewrite the 'loan' contracts as they have done in the past...

an inflation swap.

Fuck knows where you buy one retail though.

You can buy index-linked gilts but the issue is massive duration & sacrificing equity risk premium.

Yeah I mean the power imbalance is jokes when the govt. is your lender