Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • Cotta
    • By Cotta 11th Oct 17, 3:07 PM
    • 2,475Posts
    • 975Thanks
    Cotta
    Your 2017 Financial Review thus Far
    • #1
    • 11th Oct 17, 3:07 PM
    Your 2017 Financial Review thus Far 11th Oct 17 at 3:07 PM
    Hi All,

    With 2017 now in its final quarter, I thought it would be interesting to look at our money successes and failures of 2017.

    My best piece of information came from this forum which was to setup a regular saver and treat it like an expense each month. I ended up tightening my belt but eventually I began building a fairly decent savings base for the first time in over five years. Whilst I have still much work to do on this front the signs are positive. It has now put me in a position to consider looking at some small investments.

    Financially how has 2017 been treating everyone?
    Last edited by Cotta; 11-10-2017 at 3:17 PM.
Page 1
    • tara747
    • By tara747 11th Oct 17, 3:43 PM
    • 10,057 Posts
    • 26,586 Thanks
    tara747
    • #2
    • 11th Oct 17, 3:43 PM
    • #2
    • 11th Oct 17, 3:43 PM
    Saved £9,442 so far this year. Not too bad.
    Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
    Save £120,000 by 31 Dec 2017! Dec 2011: £54,342 * Dec 2012: £62,200 * Dec 2013: £74,127 * Dec 2014: £84,839 * Dec 2015: £95,207 * Dec 2016: £109,122
    eBay sales - £4,559.89 Cashback - £1,972.02
    • chockydavid1983
    • By chockydavid1983 11th Oct 17, 4:29 PM
    • 440 Posts
    • 247 Thanks
    chockydavid1983
    • #3
    • 11th Oct 17, 4:29 PM
    • #3
    • 11th Oct 17, 4:29 PM
    No real failures for me.
    Maximising amounts in current accounts and regular savers and have it now pretty much automated every month.
    Saved the max amount into S&S ISA again. Only been investing for 3 years since buying a house so still awaiting my first big crash and hoping to hold my nerve through that.
    Just started a small P2P investment, which seems fine for a small % of my portfolio.
    • bostonerimus
    • By bostonerimus 11th Oct 17, 4:37 PM
    • 961 Posts
    • 494 Thanks
    bostonerimus
    • #4
    • 11th Oct 17, 4:37 PM
    • #4
    • 11th Oct 17, 4:37 PM
    My investments are up 13% this year and I'm saving most of the money I earn from part time work to a personal pension......but it just can't last. I expect 2018 to be worse.
    Misanthrope in search of similar for mutual loathing
    • B_G_B
    • By B_G_B 11th Oct 17, 5:00 PM
    • 383 Posts
    • 391 Thanks
    B_G_B
    • #5
    • 11th Oct 17, 5:00 PM
    • #5
    • 11th Oct 17, 5:00 PM
    Hi All,

    With 2017 now in its final quarter........
    Originally posted by Cotta
    Personally, I run my finances April to April. Keeps things in sync with the financial world that I live in.
    • Apodemus
    • By Apodemus 11th Oct 17, 5:44 PM
    • 899 Posts
    • 692 Thanks
    Apodemus
    • #6
    • 11th Oct 17, 5:44 PM
    • #6
    • 11th Oct 17, 5:44 PM
    I also tend to only assess things on the basis of the tax-year, but I can’t pass up an excuse for some re-analysis! So for Jan to Sep:

    The capital value of the investments held from the start of that period is currently 3.8% up (a meaningless figure, as they could easily drop 20% tomorrow).

    Yield on the starting figure in January is currently sitting at 3.6% (with a reasonable expectation of the final figure to be about 4.7%). Unlike the capital value, this is actual money and meets my investment criteria.

    Total value of my investment fund (capital value + dividends for reinvestment + monthly addition) is 13% up on January (additions = 6% of the 1st January capital value).

    The period crosses two financial years and I’ve made two significant (for me!) payments into pension fund, one for each year and this has meant that my cash reserves have dropped by 28%.

    I put cash aside monthly against the annualised total of household bills and this fund is currently up 10%. That is within the bounds of variation that can be caused by things like a change of date for a delivery of central heating oil, but close enough that I am confident that the fund is covering my bills.

    All-in-all, nothing out of the ordinary. I’m holding more cash than I should be - partly “paralysis by analysis” partly uncertainty over a number of potential costs on the horizon.
    • Jeems
    • By Jeems 11th Oct 17, 6:16 PM
    • 172 Posts
    • 103 Thanks
    Jeems
    • #7
    • 11th Oct 17, 6:16 PM
    • #7
    • 11th Oct 17, 6:16 PM
    Last year was the year of high interest current accounts and regular savers. 15 of them, or something like that. This was the year I (finally) moved into S&S. Closed the majority of my current accounts.

    My first dabble was with forum favorite VLS80 - I sold up when I was up around 7% and decided to go DIY. Up around 4% on those so far in about 3 months so fairly pleased. Really enjoying the learning experience!
    • ChesterDog
    • By ChesterDog 11th Oct 17, 7:05 PM
    • 783 Posts
    • 1,365 Thanks
    ChesterDog
    • #8
    • 11th Oct 17, 7:05 PM
    • #8
    • 11th Oct 17, 7:05 PM
    Across all my investments, currently I am up 11% in the year to date.

    Across everything (all my assets), up about 9%.
    I am one of the "Dogs of the Index".
    • Flobberchops
    • By Flobberchops 11th Oct 17, 7:06 PM
    • 571 Posts
    • 399 Thanks
    Flobberchops
    • #9
    • 11th Oct 17, 7:06 PM
    • #9
    • 11th Oct 17, 7:06 PM
    Pros:
    Diversified across an additional two P2P platforms.
    Substantially increased my monthly company sharesave contribution after realising (hindsight!) that last years option price was excellent and I really ought to have capitalised on that
    Maintained savings for my daughter and have drawn up a projected plan for her finances from now to age 18 (to be modified as real life happens, naturally)

    Cons:
    The Halifax account I opened purely for the monthly reward is still sitting there unused
    I need to move my very modest S&S ISA to a cheaper platform
    I work for a UK bank, but any comments made on this forum are solely my personal opinion. Caveat Emptor!
    • bigadaj
    • By bigadaj 12th Oct 17, 2:37 AM
    • 10,284 Posts
    • 6,600 Thanks
    bigadaj
    My investments are up 13% this year and I'm saving most of the money I earn from part time work to a personal pension......but it just can't last. I expect 2018 to be worse.
    Originally posted by bostonerimus
    Surely not, the trump rally is never ending, that's you negative liberal new Englanders for you.
    • Cotta
    • By Cotta 12th Oct 17, 9:40 AM
    • 2,475 Posts
    • 975 Thanks
    Cotta
    No real failures for me.
    Maximising amounts in current accounts and regular savers and have it now pretty much automated every month.
    Saved the max amount into S&S ISA again. Only been investing for 3 years since buying a house so still awaiting my first big crash and hoping to hold my nerve through that.
    Just started a small P2P investment, which seems fine for a small % of my portfolio.
    Originally posted by chockydavid1983

    How are you finding S&Ss ISAs, do you self manage or does someone manage for you?

    Saved £9,442 so far this year. Not too bad.
    Originally posted by tara747

    Almost £1k per month, very impressive.
    • chockydavid1983
    • By chockydavid1983 12th Oct 17, 9:58 AM
    • 440 Posts
    • 247 Thanks
    chockydavid1983
    How are you finding S&Ss ISAs, do you self manage or does someone manage for you?
    Originally posted by Cotta
    I self manage currently but wouldn't rule out using an IFA in the future as my pot continues to grow. I also have a SIPP but haven't added to that since my employer started matching bonus payments as well as standard pay.
    I have VLS 100 & 20 (mostly 100 atm but would dial down in the future) plus VG Global Small Cap. I would like to add some commercial physical property at some point.
    Whether I end up using an IFA will depend on how much time I want to spend DIY'ing and how much knowledge and experience I can acquire I guess.
    • bostonerimus
    • By bostonerimus 12th Oct 17, 2:01 PM
    • 961 Posts
    • 494 Thanks
    bostonerimus
    Surely not, the trump rally is never ending, that's you negative liberal new Englanders for you.
    Originally posted by bigadaj
    Expect the worst and hope for the best. The Trump rally has been fueled by the expectation of deregulation, tax cuts and infra structure spending, there will be an inevitable drawback when reality hits home.......but as a passive investor it's "damn the torpedoes, full speed ahead".
    Misanthrope in search of similar for mutual loathing
    • enthusiasticsaver
    • By enthusiasticsaver 12th Oct 17, 2:14 PM
    • 4,409 Posts
    • 8,171 Thanks
    enthusiasticsaver
    The value of my investments is up probably due to currency fluctuations mainly so that is good.

    We have sold a property as we approach my retirement (husband already retired) and gifted 50% to our children. My mum has done this with us over the years and we wish to pass it on. I invested the rest in stocks and shares isas and income funds.

    I have calculated all our outgoings and rearranged our investments ready for my retirement. We will comfortably manage £30k income per year for next 2 years until my 2nd DB pension kicks in 2020 and will only need to draw on 10% of our cash fund. We have managed quite comfortably on husbands DB pension (he retired last year age 58) this year and I envisage a similar scenario next year after I retire at the end of this year except we will need to top up our pensions from cash.

    Successful planning and luck with investments has meant a good year so far financially.
    Countdown to early retirement on 21.12.17 3 months to go.
    • bigadaj
    • By bigadaj 12th Oct 17, 2:45 PM
    • 10,284 Posts
    • 6,600 Thanks
    bigadaj
    Expect the worst and hope for the best. The Trump rally has been fueled by the expectation of deregulation, tax cuts and infra structure spending, there will be an inevitable drawback when reality hits home.......but as a passive investor it's "damn the torpedoes, full speed ahead".
    Originally posted by bostonerimus
    Watched trump being interviewed in fox today, made a big play of Obama being the only president in history not to hit 3% growth (I think) a any point in his tenure.

    I'd love to be a fly in the wall on the nafta trade talks, possibly more with Trudeau then with the Mexicans.
    • ianthy
    • By ianthy 12th Oct 17, 3:08 PM
    • 87 Posts
    • 43 Thanks
    ianthy
    I usually run April to April with the financial year. This year has really been about focusing on setting up our retirement plans.


    - In July I moved my DB pension to SIPP. I have split my pot with IFA 60% and 40% self manage.
    - Clearing debts on investment properties – 3 are now mortgage free and 2 to go
    - Preparing to downsize – would love to do it next year. We have a house ready to go to.
    - Learning more about investments. MSE has been so valuable I learnt absolutely loads and I am still learning.
    - Restructuring our ISA’s and SIPP’s for self and partner – getting the benefits from SIPPs and ISA’s.
    - I would like to end my financial year – April with 4% gain for the period I have been invested the market - which is more like half the year. Who knows...
    Last edited by ianthy; 12-10-2017 at 3:10 PM.
    • enthusiasticsaver
    • By enthusiasticsaver 12th Oct 17, 3:14 PM
    • 4,409 Posts
    • 8,171 Thanks
    enthusiasticsaver
    Last year was the year of high interest current accounts and regular savers. 15 of them, or something like that. This was the year I (finally) moved into S&S. Closed the majority of my current accounts.

    My first dabble was with forum favorite VLS80 - I sold up when I was up around 7% and decided to go DIY. Up around 4% on those so far in about 3 months so fairly pleased. Really enjoying the learning experience!
    Originally posted by Jeems
    I started investing at the beginning of 2015 so almost 3 years ago now. Finally moved away from high interest current accounts. I chose the VLS 60 for our stocks and shares isas and some high yield income funds though but we are retired/about to retire so moderately cautious. Self managed on all rather than IFA but only use multi asset funds.
    Countdown to early retirement on 21.12.17 3 months to go.
    • BrockStoker
    • By BrockStoker 12th Oct 17, 5:16 PM
    • 173 Posts
    • 72 Thanks
    BrockStoker
    My main portfolio is up just a hair over 15% between 1st Jan and yesterday. Quite pleased because it appears to be on track to easily surpass my target if things continue going the way they are.
    • tara747
    • By tara747 12th Oct 17, 5:45 PM
    • 10,057 Posts
    • 26,586 Thanks
    tara747

    Almost £1k per month, very impressive.
    Originally posted by Cotta
    This is my end of September figure, so it's actually £1,049 average per month

    Well done on your RS, how much have you saved so far?
    Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
    Save £120,000 by 31 Dec 2017! Dec 2011: £54,342 * Dec 2012: £62,200 * Dec 2013: £74,127 * Dec 2014: £84,839 * Dec 2015: £95,207 * Dec 2016: £109,122
    eBay sales - £4,559.89 Cashback - £1,972.02
    • george4064
    • By george4064 12th Oct 17, 9:54 PM
    • 844 Posts
    • 893 Thanks
    george4064
    ISA portfolio is up 15% this year (since 31st December 2016).
    £9,829 saved this year (so far!)

    Total assets up 24% this year.
    "If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett

    Save £12k in 2016 - #045 £10,358.81/£12,000 (86%)
    Save £12k in 2017 - #003 £9,136.98/£12,000 (76%)
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

4,001Posts Today

8,622Users online

Martin's Twitter