Investment & Investing

From what I understand, closed ended ITs have quite low fees compared, and may provide a degree of diversification in one investment.

Otherwise I'd look at maybe a couple of stock index trackers and a fixed income tracker.

It's been ages since I really looked at this stuff (decades) so maybe my ideas are quite out of date now.

Thanks, I'll have a look at that. And I agree than in aggregate, higher fees lead to under performance.

Won £25 in Premium Bonds for the first time ever. What a time to be alive...

Someones getting their heating on at least once this winter!

Nae central heating in this house, will help keep the Dyson fan running though...

Enough to buy a new kettle.

what is the 2nd cheapest investor platform after vanguard? I want to invest in some emerging market funds in asia and vanguard doesent have them.

https://monevator.com/compare-uk-cheapest-online-brokers/

1mdb 2.0

not that kind of asian

Invest in Movistar

Stock can only go up

vanguard have an emerging markets ETF called VFEM. although I guess that's global rather than just Asia.

Time to buckle up...

BoE may raise interest levels by a whole point.

Presume if you've got a long horizon it's the usual case of sitting tight right now

Fuck me sideways, what a week. To top it all off relatively new American grand fromage strolled through the floor yesterday wearing a Quechua gilet*. Clear a sign as any that The Hard Times, they are a coming. #ShortMoncler

*Still rocking a rose gold PP Calatrava though

Is this a cultural thing though - not understanding Quechua is basic?

Like my colleague who referred to Pain Quotidian as "a lovely little french coffee shop"

His wife is French, he absolutely knows. I'm guessing it's really comfy for swinging the redundancy axe.

Credit Suisse not looking great

My thinking here seemed to be mostly right it turned out, except interest rates on mortgage would have been even higher. In the end I pulled enough out to not incur CGT but enough to cushion the blow of variable rates.

Got myself another £25 on the old Premium Bonds, I'm at about 1% up in 2022.
Soon be able to get myself a LFGSS branded kitchen (cupboard door)

Same! high fives

Very close to paying off a chunk of mortgage debt (without early repayment charges).

The actual impact of the debt on variable rate is about £150 per month so it's absorbable at the moment.

I'm not sure what I could do with the money to confidently earn more than the 5-6% I'm being charged on it now. There are fixed savings accounts that offer around 4.5% now for three years. Maybe that could be a way of betting that the rates will have dropped at the end of the three year period and you get to the keep the money so that you can invest it in better times. Not sure I would bet against variable rates costing 7-8-9% in the short term though.

Downside of paying it off obvs. is that we can't get the money back without remortgaging. Do we need it right now? Not really. Will we need it in the medium term? Maybe.

Feel like paying the debt down is a bit of a no brainer. But anyone want to tell me what I've missed?

If you can only get 4.5% as savings but would be paying 5-6% as mortgage interest I'd pay it off in the mortgage.

If you are only concerned about needing it in the medium term, then the effort of getting it back via remortgaging isn't so bad (as presumably you'll remortgage at some point anyway) and better to save the cash until you do.

We're doing the same.
Our mortgage is a tracker. My wife has been wanting to pay it down for a while as she had cash but I kept saying there were better things I could do with the money. My view changed a month or so back when it was clear where rates were heading.