Investment & Investing

Depends on the steak I guess : /

Sounds like me tbf

https://www.urbandictionary.com/define.php?term=vague%20arse

Its worth noting that if NSand I are paying 2.2% over three years, they are probably expecting interest rates to be higher by then. Mortgage renewers take note!

I became a veggie shortly after. Not sure the two things are necessarily connected though.

You told me those winnings were going on your ‘leccy bill!
You guys would love a trip to my casino, it’s full of twenty-somethings talking about crypto currency, they’ve all rung the bell.

I'm going to have a chat with Morrinson Wealth Management about pension shit, hopefully get something started soon. #csb

Any idea what firms usually charge for pension fund management?

Your casino would ruin mere mortals. Isn't the minimum stake bigger than my net worth?

Set up sipp and do a self assessment.
If your self employed.
These professionals just tell you stuff you could read in money section of the times.
Take the time to understand markets and risk, and you'll be surprised that you'll be outperforming most money managers with cfa and masters in finance.

"Take the time"

Therein lies the rub. I was 6 months behind submitting my own timesheets.
I hate managing money so I'm looking to outsource it.

I'm probably going to put a bit in a Nutmeg account (@Howard) and then throw some at these guys and see what they can do with it.

I understand. The trouble is financial commissions may not seems like alot but they are on going and annual.
They have been proven to seriously stunt growth. Even in bad years they'll take money.
I would look at low cost trackers, for simplicity.
I would encourage everyone to manage there own money. It's not hard and I'm not having my pension pay for some idiots ferrari.

some idiots ferrari

I could have a Ferrari? That's much more fun than a pension!

If u add up the commissions and fees/admin chrges to be had on a life long pension it could be ferrari.
I have an uncle that recently transferred his pension the fees were £7500 It would have been more but that s the legal max.
That was probably a days work for the broker.

I've not seen details yet but 1-2%, there's a 6yr early exit penalty.

In Oz pretty sure it's free to xfer pension but then employer pension contribs are also compulsory.

I would look at low cost trackers, for simplicity.

This. In spades.

Index tracker outperform almost all managed funds, even before taking off fees (0.07% & 0% for a cheap tracker, versus 2 and 20 for a fancy fund).

Vanguard is the king of passive low fees at the moment.

In terms of active I would look at fundsmith. They have very simple strategy nd few stocks, regularly nd consistently out performing the market.
Most important low fees.

2 and 20?

What about sticking some money in a managed fund and some in Nutmeg (robo managed different to index tracker?) ?

From this chat 6 months ago? I thought Vanguard didn't have their stuff setup in the UK yet?

It’s set up, I’ve been using it for 6 months. Dead easy to use and nice low fees. Recent market tumble was a shitter but still up 4-5% in that time.

No Sipp yet though, going to offer it at some point this year.

best off opening a sipp and holding vanguard funds with another platform that charges no exit/transfer fees. Then transferring to vanguard when their sipp become available

2 and 20

2% admin, and 20% of any gainz

https://www.vanguardinvestor.co.uk/what-we-offer/index-active-products

This is why I don't have a pension. Fucking 200 options and that's just one fund type.

Fuck this. I'm going to Vegas.

Maybe that's what I was thinking of?

i've edited comment above.

If you're overwhelmed by the amount of funds offered just pick one of their target date funds. (the target date being the date you'd like to retire).

https://investor.vanguard.com/mutual-funds/target-retirement/#/

Tomorrow?