My sipp is with sippdeal and it is growing nicely under my own control. Having a sipp is not scary
My sipp is with sippdeal and it is growing nicely under my own control. Having a sipp is not scary. I am knowledgable when it comes to stocks but there are dozens of funds to invest in as well as individual shares. The secret is to spread the money around so that there is exposure to a range of sectors. You can even invest in gilts and bonds within a sipp so the risk factor is up to you
...I think you're right, although a number of people have recommended that all the money should be invested in stocks that are dividend-rich; this seems a little too restrictive for my liking.
I think you're right, although a number of people have recommended that all the money should be invested in stocks that are dividend-rich; this seems a little too restrictive for my liking.
I am an advocate of the High Yield Portfolio school of investing but IMHO a pension wrapper is not the place for it ( except perhaps for higher rate tax payers ) since in its pure form it involves buying and holding shares for ever ( so no CGT liability ) and reinvesting dividends...
Actually the HYP is meant to provide an income, reinvesting the divis for growth is a secondary aspect of it.As such it's a very suitable component for a pension fund in drawdown IMHO.Most drawdown funds are run from within a SIPP, as you know.
With an HYP, the investor can see very clearly in an instant the state of his capital and the income it is earning. Thus if necessary adjustments can be made.This separation of capital and income is quite different from an investment bond, say, where people's so-called income may in fact be a withdrawal of capital without them realising, which can be very dangerous..
I`ll give you some examples of my investments within my isa wrapper I hold 17% in an aim stock which will not be giving any fireworks but is cash generative and will be paying a hefty dividend in 2007, incidentally this stock will be out of my IHT bracket after holding for two years
Incl. free 0% overdrafts and railcards
Here's what we've found...
Here's what you need to know