MFW & Retirement Planning on a Single Income
Comments
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Good news on the payrise and bonus! Well done!
And Happy Birthday!0 -
Well done (and happy Birthday)0
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I now own 0.5486 of a single fund thingy with VSL80!!!
It's my very first ever proper fund purchase and I am soooo excited!!:j:j:j:j:j
I am officially an equity owner!! :rotfl::rotfl:2024 Challenges- Grocery Budget (January £0/£300)
- Decluttering (Underway!)
- Frugal Living (January £0/£500
- 24 in 2024 (0/24)
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Congratulations! It's a good core fund (high up the risk threshold), it has served DD well, albeit in benign market conditions.0
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edinburgher wrote: »Congratulations! It's a good core fund (high up the risk threshold), it has served DD well, albeit in benign market conditions.
I'm setting and forgetting it for 15 years. Only starting with £100/month and will up eventually to about £250 or £300.
I figure the fan will be hit sometime during the next 15 years and I need to just ride it out.
Will also swap down to VLS40 or similar after 15 years and maybe move to an inc vs acc account that that time.2024 Challenges- Grocery Budget (January £0/£300)
- Decluttering (Underway!)
- Frugal Living (January £0/£500
- 24 in 2024 (0/24)
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Congratulations! How did you go about deciding what to invest in? Did you use an advisor? I only ask because I want to start but don't know where to!0
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FacelessNumber wrote: »Congratulations! How did you go about deciding what to invest in? Did you use an advisor? I only ask because I want to start but don't know where to!
I have 2 pensions which are fairly balanced (ie default ratios from set up) so I figure they will weather most storms by the time I am pensionable.
I will be building up a cash reserve (slowly) over the next 15 years and therefore I believe I can afford to take a higher risk with VLS80. Every 5 years I will move a % of my overall risk to a lower risk - at the moment it's 100% in an 80% equities fund to reduce exposure.
I can't predict the market, I have 15 good years of earnings left and I have DC pensions in place for pension years.
That's the philosophy I am following...rightly or wrongly lol2024 Challenges- Grocery Budget (January £0/£300)
- Decluttering (Underway!)
- Frugal Living (January £0/£500
- 24 in 2024 (0/24)
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Have you read any of the articles floating around that look at rising equity glidepaths in retirement (Kitces etc.)?0
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edinburgher wrote: »Have you read any of the articles floating around that look at rising equity glidepaths in retirement (Kitces etc.)?
Say wha???? :rotfl:
Speak English man!! (Or woman, or non-binary person, who am I to assume anyone's gender! )2024 Challenges- Grocery Budget (January £0/£300)
- Decluttering (Underway!)
- Frugal Living (January £0/£500
- 24 in 2024 (0/24)
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I'm a binary man
You talk about reducing the % equities that you hold as you approach retirement.
Some very solid research suggests that in retirement, you'd be better off increasing the % equities you hold to increases the chances of a positive outcome for your portfolio.0
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