Only freedom will do

edinburgher

Death by a thousand cuts. Very pleased with myself for only spending £3 today (of my own money), Mrs E managed to spend £20 at Asd@, £15 of it on random stuff that we didn't need :rotfl:

edinburgher

Looks like I didn't get that job, scheduled in for 'Post interview catch up' this evening, doesn't scream '2nd interview coming your way'

£1.04 OPed.

Greying_Pilgrim

edinburgher wrote: »

I doubt anyone would want a 5 bedroom house on a 3 bedroom plot

Lawks Ed -have you not wandered around current building sites lately? That is JUST what is being built............... We've some poshies going up along the road from us. They are modelled on the 1890's - 1930's(?) villas/houses they face/sit alongside and they are absolutely rammed in together. They can't have very big gardens, because all the 'lesser value' 3 bedroomed houses have been crammed in on the less desirable rear plots..... nearer to the bit that floods :eek:

Ed - can I ask you a question - I'm going to make myself look like a numpty, but rather a numpty on a public forum, than in real life........ :rotfl: I have my index-tracker isa up and ticking over (thanks to you ) and I have a cash isa that I need to get round to transferring into it They were both started in financial years other than 2016/17. I am right in thinking I can start a new isa up in this year, whilst still contributing to my original index-tracker?

I want the new tracker to put Baby Greying's 'future fund' into - but don't particularly want a 'baby isa' product, just in case they break their mumma's heart and turn out to be a fast-living spend thrift rebel :rotfl: If that's the case, then I shall be spending their inheritance on GIN :rotfl:

Cheers Ed. BTW, are you still toying with the idea of going into IFA one day?

Greying X

edinburgher

New build houses are a bit depressing these days, aren't they?

To answer your question, no, I don't think you're allowed to pay into previous years ISAs, only the current one. The annual tax allowance is 'use it or lose it', once the tax year ends the account closes to new money.

I manage a multi-year approach to investing for DD by just having one fund that's 'hers' sitting in my ISA (she uses Vanguard Life Strategy 80%, I use 100%).

Can't see me getting into money advice work any time soon, Mrs E took a £10k pay cut to go part-time and my current salary is needed more than ever. I imagine I'll be stuck at my current place until I'm pushed :eek:

Greying_Pilgrim

edinburgher wrote: »

I manage a multi-year approach to investing for DD by just having one fund that's 'hers' sitting in my ISA (she uses Vanguard Life Strategy 80%, I use 100%).

hope that you can keep turning up to the 'current place' or win a slice of the lottery pie and do ifa for fun

I think I may have meant what you have described ^ so it's a new 'fund' I need to get going, not a new isa? I have vls through csd, so I ask them to start a new fund 60/40, 80/20 or 100% whatever then I know that that is Baby Greying's and not my gin fund........ for the now...... mwhahaha..... :rotfl:

Thanks Ed - you're a good un, and yes, modern housing developments are a bit depressing, and (thankfully) unaffordable for me

Greying X

edinburgher

Baby Greying has a long timeframe, so you can probably afford to be quite aggressive with your investing. 80 or 100 would probably be a good fit. If there are cash savings in conjunction with this, the cash will reduce volatility a little as it will provide a lower (but steady) rate of return for this section of the Greying portfolio.

When DD was born, I opened both a cash ISA and held funds for her in my ISA. The cash ISA was a psychological hangup (money from family, so I felt like I couldn't 'risk' it investing). The cash ISA returns 4%, but due to the fact that she's very young, she's probably something like 50/50 cash and bonds vs. equities. I imagine this will feature more and more equities over time, as we invest £78/month for her in VLS 80.

Greying_Pilgrim

I do greatly appreciate your time and writing ed

See, you're a better parent than me - I am going to stick the relative's donations into the stock market :rotfl: If I'm being honest, there isn't 'that' much to lose - but every penny was gratefully received and a thank you note written - but given that we're in a position of being older parents, Baby Greying will need to be independent, possibly without our support Certainly some of the people who have kindly donated money are less likely to be about come 'coming of age' time......... I'll do what i can, with what i've got, or what comes along and the rest is up to them I can't make it easy for them, but perhaps I can make it a little less hard.......

Cheers ed :beer:

Greying X

edinburgher

I probably should stick it all into the S&S ISA, but 4% seemed like an ok rate for a stock market crash buffer. If they cut the rate, I would transfer it out in a heartbeat!

Ps. And you're very welcome

AlexLK

New build houses are awful, IMO. As for loft conversions, I really don't understand why anyone would want to sleep in their roof. However, it seems popular these days.

re. the job. I think you'd make an excellent IFA and it seems a shame you've no real plans to pursue it in the near future. Is Mrs Ed not planning to return to full time work at all? Only asking as that may be the time to make the jump.

edinburgher

Ah, the roof space is just a room you haven't met yet

Mrs E will return to work f-t once DD goes to school, she'll hopefully go back up to slightly more hours (but not f-t) once DD starts nursery at 3. So not forever, but for the next 3.x years I am the breadwinner (like it or lump it!)

Found out first thing this morning that I didn't get the job that I went for. Disappointed. I got some positive feedback, but without being boastful, it was for parts of the interview that I was already fully aware had gone well.

The problem seems to have been that I was playing on a playing field that wasn't entirely level (external candidates with far more experience were also interviewed, which is a bit annoying, as the convention is typically to exhaust the pool of internal candidates and *then* move on to external recruitment).