Hey there! Sign in to join this conversationNew here? Join for free
    Offline

    0
    ReputationRep:
    (Original post by Reue)
    Cash & Shares: £49k
    Pension: £32k
    House Equity: £89k
    You can't mention House Equity. :P

    Unless you can convince me.....
    Offline

    18
    ReputationRep:
    (Original post by sr90)
    Only around £2,000
    "only"?
    Offline

    18
    ReputationRep:
    (Original post by Reue)
    Cash & Shares: £49k
    Pension: £32k
    House Equity: £89k
    :puppyeyes:

    and what do you mean by shares
    Offline

    19
    ReputationRep:
    (Original post by MrMarket)
    I recommend
    HL Select Shares (Accumulation)
    Launched 2 months ago. A brave recommendation for a product which hasnt even reached a single benchmarking point!

    (Original post by MrMarket)
    and Kotak India Mid Cap (Accumulation).
    A 1.52% ongoing charge!! So high it would be illegal if it were a pension fund. Extremely volatile and entirely invested in a single country. You'd probably have less risk taking all your cash and putting it on red or black in a casino.
    Offline

    19
    ReputationRep:
    (Original post by MrMarket)
    You can't mention House Equity. :P

    Unless you can convince me.....
    Why not? As I could have instead gone for an interest only mortgage and put all the spare money into a savings account.. would that have then counted?
    Offline

    19
    ReputationRep:
    (Original post by 0to100)
    and what do you mean by shares
    http://www.hl.co.uk/funds/fund-disco...y-accumulation
    Offline

    17
    ReputationRep:
    (Original post by MrMarket)
    I never understood how people get credit card debt and so much, don't the banks start charging interest on missed payments? And eventually just take away your credit card?
    If you don't miss payments, why would they care? They want to charge you interest, that is how they make money.
    Offline

    19
    ReputationRep:
    (Original post by Ladbants)
    How do you have so much lol? Are you a uni student or do you have a job? I'm guessing the latter but still, that's a huge amount of savings
    I have a full time job, plus have another £20-£30k in additional income.

    Also my pension & shares have all benefited from investment growth.
    Offline

    0
    ReputationRep:
    (Original post by Reue)
    Launched 2 months ago. A brave recommendation for a product which hasnt even reached a single benchmarking point!



    A 1.52% ongoing charge!! So high it would be illegal if it were a pension fund. Extremely volatile and entirely invested in a single country. You'd probably have less risk taking all your cash and putting it on red or black in a casino.
    I recommend them because I'm in them, granted only till this April for the HL shares. Once I get my ISA allowance I will be stock picking again with the fund money.

    Kotak India Mid Cap is superb, the guy running it is a star, trust me. The charge is not excessive. India is the superstar of the 21st century. I have around £2100 in Kotak India Mid Cap, that will stay for the long term.

    The guys running HL Select Shares know what they are doing, this is not Woodford, they employ value investing techniques of Graham and Buffett which I highly admire. They have a mix of defensives and mid caps, they should do well.
    Offline

    20
    ReputationRep:
    (Original post by Reue)
    Cash & Shares: £49k
    Pension: £32k
    House Equity: £89k
    That's already quite a pension, nice! I think I am on 14k.
    • Section Leader
    • Very Important Poster
    • Peer Support Volunteers
    • Clearing and Applications Advisor
    Offline

    21
    ReputationRep:
    (Original post by MrMarket)
    Ok I understand, I always see the minimum payment thing on the top of my statement but I never do that because I'm always in fear of being charged interest.

    I literally use my credit card like a debit card, I pay it off after every 2-3 days.

    My limit is terrible though, £500, though I've never asked for it to be raised and I hate HSBC with a vengeance. I really only use my bank account to take in money, I store like £90-£100 in it to pay off my credit card.

    Most of my money is in my stockbroking account and held in shares, where I can get a return and dividends (which are used to buy even more shares). But I am pretty angry with the banks for screwing over savers, when I have to use the stock market as a savings account, you know something is wrong.

    Btw you can use the stock market as a savings account if you buy shares which are not very volatile (low market beta we call them). Things like Unilever, Diageo etc
    I do normally pay the balance monthly but I stuck a hotel for our honeymoon on it last week and that will have to be paid off on in a couple of chunks at least.
    Lloyds started by giving me a £500 limit and over 6 months kept offering me increases on it.
    It was much better but still the now 2% on my current account and the 25% help to buy isa bonus feels enough for me as I can't afford to lose a house deposit if something went wrong with shares ( no risk would ever feel low enough for me).
    Offline

    19
    ReputationRep:
    (Original post by yudothis)
    That's already quite a pension, nice! I think I am on 14k.
    I put in 16% + employer 4% so am contributing 20% of gross pay each month.
    Offline

    18
    ReputationRep:
    you own your own company?
    Offline

    20
    ReputationRep:
    Did have £6k but it's all going down the drain this year lol.
    Offline

    20
    ReputationRep:
    (Original post by Reue)
    I put in 16% + employer 4% so am contributing 20% of gross pay each month.
    That is very prudent thinking, as a German, I approve
    Offline

    19
    ReputationRep:
    (Original post by 0to100)
    you own your own company?
    I have a couple of online income streams but I wouldnt consider it a company.
    Offline

    0
    ReputationRep:
    (Original post by Reue)
    I have a couple of online income streams but I wouldnt consider it a company.
    What shares/funds do you hold?
    Offline

    19
    ReputationRep:
    (Original post by MrMarket)
    Buy these shares, these are highly liquid defensive stocks. We would need a nuclear war to derail these giants....

    1) Reckitt Benckiser
    2) Diageo
    3) Unilever
    4) Johnson and Johnson
    5) Procter and Gamble
    6) British American Tobacco
    7) Altria Group

    Split the money equally seven ways. Reinvest dividends. Don't look back.
    Jesus Christ. Stop.
    Offline

    19
    ReputationRep:
    (Original post by MrMarket)
    What shares/funds do you hold?
    Vanguard LS 80 Acc in the ISA. Mixed funds in the pension.
    Offline

    20
    ReputationRep:
    (Original post by MrMarket)
    I recommend them because I'm in them, granted only till this April for the HL shares. Once I get my ISA allowance I will be stock picking again with the fund money.

    Kotak India Mid Cap is superb, the guy running it is a star, trust me. The charge is not excessive. India is the superstar of the 21st century. I have around £2100 in Kotak India Mid Cap, that will stay for the long term.

    The guys running HL Select Shares know what they are doing, this is not Woodford, they employ value investing techniques of Graham and Buffett which I highly admire. They have a mix of defensives and mid caps, they should do well.
    Already 6% in 2017? Too bad you don't have more to invest.
 
 
 
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    Will you be richer or poorer than your parents?
    Useful resources
    How much money do you spend a week?The ultimate guide to tax!Guide to student bank accounts

    Sponsored features:

    Web Legend

    Win a Macbook Air!

    Blog about setting up a website for a chance to win in our Web Legend competition.

    Quick link:

    Unanswered money and finance threads

    Groups associated with this forum:

    View associated groups
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Quick reply
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.