Changing digs and coming out of my cave... for a wee while atleast :)

elantan

Karmacat wrote: »

El, thats really really good! I agree on the 500/625 after tax allowance - I put £5k lump sum in last March, and it promptly became £6250

You've done so well from your startup point - and the things you've spent out on haven't exactly been hair extensions and nail varnish, y'know

This is very true KC, the fires are slowly paying for themselves just now. we are finding we dont need the heating on nearly half as much as last year, also the new car is saving in my sanity, the last car was driving me nuts.... and as for the holidays ... welllllllll everyone needs a break surely lol :rotfl::rotfl::rotfl::rotfl:

we tend to lead whilst not a frugal life a cut back lifestyle, we dont go out often and when we do we ensure we get what ever were doing at the best price possible

edinburgher

and was thinking of investing in some oil transporter companies ( unsure yet still deciding

Let me guess - you read that FT article that said 'this is teh golden age of oil tankers... for about 2 years'?

I don't believe in trying to stock pick, but I'm not entirely averse to a wee bit of market timing. How about just keeping a small proportion of your Vanguard money as ready cash to invest in your existing funds as and when some drops occur? Probably 6/half a dozen vs. just £ cost averaging with a monthly payment in the first place :rotfl:

Giving serious thought to 'renting' our house when we re-mortgage in 2015 and just going interest only to allow for much larger investments.

elantan

no dont read FT ...maybe i should try

i have spoken several times to Mr El regarding room rental as the extra income tax free could mean i dont need to work till i qualify or it would mean extra money for F.I.R.E

edinburgher

I see :think:

Think I'm causing confusion, I meant I had given thought to taking an interest only mortgage with no intention of repaying the capital. I.e. 'renting' somewhere nice with the express intention of downsizing before FI, focusing on SIPPs and ISAs instead.

Karmacat

Thats really something, ed! Baby steps for me right now, but when I've mended, I'll be looking at anything and everything

gallygirl

I get confused over tax relief as well . If you pay in £800 the govt top it up by £200 (:kisses3:) (yuk), so £1,000 in total, you get an extra 25% for your money. But if you look at the other way round you have paid 80% and govt. 20% of the £1,000.

Lies, damned lies and statistics :rotfl:.

Ed - at the moment I am 100% in equities (:eek::o:eek:). Point me in the direction of some bonds please .

edinburgher

100%? You're hardcore GG :eek: :eek: :eek:

Pension = 90% and falling slowly
S&S = 70-75%

I use these two:

• Vanguard Global Bond Index Fund GBP Acc (investment grade bonds from non-governmental sources). Most importantly, this bond fund is hedged, which takes away the currency risk associated with furrin' bond investing (main one)
• Vanguard UK Inv Grade Bond Index Fund GBP Acc (corporate bonds) (secondary one, shouldn't really have as much in here as we do).

elantan

edinburgher wrote: »

I see :think:

Think I'm causing confusion, I meant I had given thought to taking an interest only mortgage with no intention of repaying the capital. I.e. 'renting' somewhere nice with the express intention of downsizing before FI, focusing on SIPPs and ISAs instead.

Now thats a cool idea if you can pull it off but i've found the market for interest only mortgages is hard to access ... will you need to have a low LTV ?

elantan

Karmacat wrote: »

Thats really something, ed! Baby steps for me right now, but when I've mended, I'll be looking at anything and everything

thats the best way ...nothing should be off the table that way you get to pick and choose whats right for you from a greater choice

gallygirl wrote: »

I get confused over tax relief as well . If you pay in £800 the govt top it up by £200 (:kisses3:) (yuk), so £1,000 in total, you get an extra 25% for your money. But if you look at the other way round you have paid 80% and govt. 20% of the £1,000.

Lies, damned lies and statistics :rotfl:.

Ed - at the moment I am 100% in equities (:eek::o:eek:). Point me in the direction of some bonds please .

yikes GG thats a lot ... although tbh i dont have any "bonds" myself just whats in the funds i have vanguard 60 and 80 ... i need to get some but when i had looked into it before the advice was to hold off on bond buying just now as they were not considered a good prchase, will need to review that at sometime this year as well

edinburgher wrote: »

100%? You're hardcore GG :eek: :eek: :eek:

Pension = 90% and falling slowly
S&S = 70-75%

I use these two:

• Vanguard Global Bond Index Fund GBP Acc (investment grade bonds from non-governmental sources). Most importantly, this bond fund is hedged, which takes away the currency risk associated with furrin' bond investing (main one)
• Vanguard UK Inv Grade Bond Index Fund GBP Acc (corporate bonds) (secondary one, shouldn't really have as much in here as we do).

will have a wee look at those ones Ed thanks ... appreciate it

edinburgher

will you need to have a low LTV?

Could be wrong, but I think I can access them from 70% LTV if required?

The alternative will be to take as cheap a fix as possible over 30 years and do the same thing, but with eventual capital repayment (i.e. a gamble on investment returns being higher than 2.x% that we could get in a year or so assuming no change).

Ps. The bond funds I named are both component parts of your LS funds (in differing amounts).