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Amateur Idiot

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About Amateur Idiot

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  1. Hi WICAO. Congrats on your fantastic achievement! I like your attitude and I respect your effort and determination in setting a great goal for yourself and your commitment in working to achieve it. From reading your posts and considering the above quote about 0.21% investment expenses, I wonder if you use passive stockmarket index-tracker funds (OEICs, Unit Trusts, ETFs) diversified across global regions (UK, Europe Ex-UK, USA, Japan, Asia Pacific Ex-Japan, Emerging Markets)? For many years, I myself have been a great believer in buy and long-term hold of low-cost stockmarket index-t
  2. I'm thinking about opening a new stocks & shares ISA this tax year and was wondering which would be the best one? I know that not all investments (funds/ETFs/shares/bonds) are available on all ISA platforms. I guess for the purpose of what we've been discussing on this thread I would probably consider variety of investment options as the top criteria (as long as charges are not horrendous!). Also, what is the difference between TLT and IBTL? I've not yet found a platform that offers TLT as an investment option. I'm aware of the broker comparison on the Monevator websit
  3. I'm considering investing a modest amount (approx. 5 percent of my portfolio) in a silver ETC (exchange traded commodity). I accept that the price of PM (precious metal) and ETC can be volatile. I also know that they don't pay any income and therefore the fees could errode the value of my investment over the long term. However, what is holding me back at the moment is the worry that there might be other risks that I am not aware of yet. One thought I had was: do these ETCs allow the investor to actually take delivery of the underlying asset (the PM)? I generally would not want t
  4. Regarding IBTL, I was just wondering how much (as a percentage of investment pot) people were investing in this? I suppose what I'm asking about is asset allocation. I invested about 5 percent of my investment pot in IBTL. About 70 percent of my pot is invested in a collection of stock market index tracker funds. The remaining 25 percent (approx.) is in cash, premium bonds and NS&I index-linked bonds. Cheers, Amateur Idiot Disclaimer: I'm not an expert. The above comments are just my opinions only and they may not be factually correct. If you act on any of the above then y
  5. I've seen a few mentions of the IBTL fund on this thread. As I understand it, that is referring to the following fund: iShares $ Treasury Bond 20+yr UCITS ETF USD (Dist) Share Class ISIN: IE00BSKRJZ44 Exchange Traded Fund (ETF) I'm trying to understand the apparent fascination with this fund (and US Treasury bonds in general) on this thread (i.e. why people seem to like the fund and US treasury bonds at the moment). I had a look at the key investor information document for the fund. The fund (ETF) appears to invest in fixed income securities (presumably US governm
  6. Thanks for the comments. I had a look at BullionVault. I like the look of it. Two thoughts I had were: 1) Considering the amount that I was thinking about investing, the fees look higher than for an ETC. There seems to be a buy fee and sell fee in addition to the storage fee. Also, depending on how much is invested it looks like the storage fee could be higher than the OCF on the funds I was considering. 2) I could not see any mention of ISA. Does capital gains tax apply to silver investments? Cheers, Amateur Idiot Disclaimer: I'm not an expert. The above comments ar
  7. Hi Guys. Just popped over to this thread after reading the thread titled: Deflationary collapse and the Reflation Cycle to Come. I'm thinking about whether or not to invest a chunk of my savings into silver. I don't fancy holding actual (physical) metal at home because I would be worried about the security risks of storage, and also of transporting it to a shop at the time when I wanted to sell it (and the risks of walking away from a shop with cash, although maybe they could pay me via bank transfer?). I've therefore been considering investing in an ETF type fund (I think
  8. The fund name includes the words "Physical Silver" and the factsheet states: "Physically backed with allocated metal subject to LBMA rules for Good Delivery" I guess that means it is physically backed rather than synthetic. Whether or not derivatives (or other stuff) are used as well as physical metal (silver), and if so, what the implications & risks of that are, I don't know. I found some information in the prospectus (Q& A section on page 37 of the pdf) that seems relevant to my question about whether or not it is possibe to lose more than my steak: Can I
  9. Hi All. I've been reading this thread with great fascination recently. I love reading peoples' opinions on this subject (especially durhamborn's). Currently my savings are about 80% equities tracker funds (across global markets) and 20% cash (including gov bonds). I've been thinking about moving a chunk of my savings (e.g. 10%) into a silver fund. Not yet sure whether I would take that 10% from the equity tracker funds or the cash/bonds or a combination of both (that's another decision I suppose). The following fund appears to be available within my ISA platform: Product
  10. Hi durhamborn. Thanks for your comments on this thread. I've found it fascinating to read your opinions and others' opinions. I'm wondering what your view on index trackers is? My ISA is invested in a several index tracker funds, each one tracking a different region within global stock markets (US, UK, Europe Ex UK, Japan, Asia Pacific Ex Japan, Emerging Markets). I chose the weighting myself (a little bit of active management decesion there, I know!) because I wasn't comfortable having more than about 20% in the USA (whereas the global tracker funds seem to have much higher per
  11. I think it's inevitable that there will be a price to pay for the excesses of the (debt / house-price / cheap-credit / <other name>) bubble and that they cannot delay the consequences forever. However, they seem to be following a different strategy:- that of redirecting the crash into other areas (e.g. low or no wage growth, price inflation, savings errosion through low interest rates, currency devaluation, etc). In effect, the price is being paid by people who played no part in inflating the bubble. What can a person do to protect themself from this massive injustice? My own strategy
  12. When I read in the news that the economy grew 0.3%, what is the margin for error on that figure?
  13. Thanks for your comments guys. Here's some more info: 10) I have a workplace defined-contribution pension into which my employer is contributing 5 percent and I am contributing 10 percent. If I can continue at this rate until retirement (hopefully around age 65 to 67) then I should get a reasonable pension income (but probably not spectacular). 11) My auntie is 70. She eats healthily, doesn't smoke, and doesn't drink. I reckon she will soldier on for at least another 10 years, and quite possibly 20 (her mum lived into her 90's). She is the sociable type and I imagine she would quite enjoy l
  14. Hi All, Newbie here, so appologies if I am posting something that's already been discussed or posting in the wrong sub-forum. What I'm wondering is, where should I put my money: 1) FTSE All-Share Index Tracker ISA or 2) Buy-to-let property My situation is as follows: I'm 39 years old. Living cheaply at my auntie's house (she is retired & widowed). I already have about 40K invested in a FTSE All-Share Index Tracking ISA. I have some other money in savings accounts that I have earmarked as a deposit for when I eventually want to buy a home to live in. I work full time on a 30K sal
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