How much savings do you have? Watch

DetectivePeralta
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#81
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#81
(Original post by Reue)
I have a full time job, plus have another £20-£30k in additional income.

Also my pension & shares have all benefited from investment growth.
How do you make £20-30k in aidditional income?
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Reue
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#82
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#82
(Original post by Trapz99)
How do you make £20-30k in aidditional income?
Affiliate marketing and professional gambler
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Sophillla
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#83
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#83
(Original post by 2scotty)
Everyone seems to have a lot more than me.

I'm 23, and have £8350.

Should I be saving more? Thing is, as much as I love saving, I feel like I want to spend a bit on something. I don't spend much on me.

Thank you
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mattymoo432
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#84
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#84
What do people think of buying into funds? Some great track records for delivering 10% growth a year. Neil Woodford one of most popular UK funds, but has not performed well in past couple of years. Now the time to back his equity fund?
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ch0c0h01ic
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#85
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#85
(Original post by mattymoo432)
What do people think of buying into funds? Some great track records for delivering 10% growth a year. Neil Woodford one of most popular UK funds, but has not performed well in past couple of years. Now the time to back his equity fund?
Passive index trackers are the best option for the majority of people.

Most active funds have higher management costs and fail to deliver higher returns over time. Unfortunately most people are swayed by recency bias when choosing actively managed funds, like Woodfords.

Past performance is not a guarantee of future return!
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Xopher_
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#86
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#86
I'm 18 and have £4800 in my current account. Not really saving much at the moment because of my wage and car expenses.
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Doonesbury
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#87
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#87
(Original post by ch0c0h01ic)
Most active funds have higher management costs and fail to deliver higher returns over time.
But some do.

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ml55
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#88
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#88
i think i have 82p in my bank account 💸💸💸💸
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ch0c0h01ic
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#89
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#89
(Original post by Doonesbury)
But some do.

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Sure.

However the vast majority do not, especially when compared to the market average over the long term (Woodford being a prime example).

Ironically Woodford's funds were considered one of the exceptions to the rule!
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Doonesbury
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#90
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#90
(Original post by ch0c0h01ic)
Sure.

However the vast majority do not, especially when compared to the market average over the long term (Woodford being a prime example).
Yep, but not all

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Quady
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#91
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#91
(Original post by Doonesbury)
Yep, but not all

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Which won't?
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Doonesbury
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#92
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#92
(Original post by Quady)
Which won't?
Top secret... If I tell you I'd have to kill you.

And of course past performance is no guarantee of future earnings, etc etc...

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mattymoo432
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#93
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#93
(Original post by ch0c0h01ic)
Passive index trackers are the best option for the majority of people.

Most active funds have higher management costs and fail to deliver higher returns over time. Unfortunately most people are swayed by recency bias when choosing actively managed funds, like Woodfords.

Past performance is not a guarantee of future return!
Is a passive index tracker like the FTSE 100? How do they do better *normally*?
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Barrypeterson
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#94
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#94
I currently have 79p
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mattymoo432
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#95
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(Original post by Doonesbury)
Top secret... If I tell you I'd have to kill you.

And of course past performance is no guarantee of future earnings, etc etc...

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So would you say it’s a good idea to have active funds such as Lindsell and Woodford in there. Perhaps diversified amongst 10 different active funds?
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Doonesbury
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#96
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(Original post by mattymoo432)
So would you say it’s a good idea to have active funds such as Lindsell and Woodford in there. Perhaps diversified amongst 10 different active funds?
Depends on how much you are investing, and why. But no I'm not advocating for Woodford or anyone in particular.
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mattymoo432
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#97
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(Original post by Doonesbury)
Depends on how much you are investing, and why. But no I'm not advocating for Woodford or anyone in particular.
Thats a wishy washy answer. I’m not gonna Sue you if they don’t do well. Just interested to know your thoughts and then I’ll do my own research
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Doonesbury
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#98
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#98
(Original post by mattymoo432)
Thats a wishy washy answer. I’m not gonna Sue you if they don’t do well. Just interested to know your thoughts and then I’ll do my own research
You have my thoughts
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mattymoo432
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#99
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#99
(Original post by Doonesbury)
You have my thoughts
You said depends on how much I’m investing. Ok let’s say £10,000. Your thoughts?
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Doonesbury
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#100
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#100
(Original post by mattymoo432)
You said depends on how much I’m investing. Ok let’s say £10,000. Your thoughts?
I'm not picking stocks for you, but 10 active funds in £10k is probably too many. I'd also suggest investment trusts rather than funds.
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