The "Save 12k in 2016" Thread!

Wentthedaywell?

My S&S ISA has finally made up the grand it's lost since I bought at the peak this time last year. I only count what's in the account, rather than what I've paid in, so I'll be able to make up the loss and have a good amount to report this month - assuming it doesn't plummet again. :eek:

I also don't count the tax saving that I make on my AVC, as I don't want to count my chickens in case there's ever any change to pension regulations. So I've got a few thousand more than I've reported which I will need to reconcile next year when I cash the AVC in. That month will be a super-saving one!

darkidoe

ArmyDilllo wrote: »

Very little in direct shares (only the £6k for this year's allowance).
I dislike that much risk usually.
Just this year I felt an unshakeable urge to go into oil and gas and followed it.
The rest is in pensions, various investment funds, and investment bonds.

As far as how close I am to target, I am very exposed to the markets and dependent on their performance.
I measure it across all my investments on a daily basis and average the results to forecast a smooth trend across decades.
This is not very accurate but does give me a strategic plan for my own future decades ahead.

I don't panic when the markets dip as I can see roughly when they'll recover and advance again.
I think I've already arrived at my 'safe' point, I'm just really hanging on to convince myself that my safety net is appropriate.
I have definitely secured my retirement already, but I want my investments to generate enough to continue using my whole ISA allowances and, through this, pass on some of my wealth to my Nephew and Niece (having no kids of my own) and their families to help them start out in future.
They are not yet aware.

I am also using my primary (only) property as an investment, with the idea of cashing in and moving away from London some time in the next five to ten years.
Have been putting time towards looking around my favourite areas of the U.K. to get an idea of where I might re-locate when the time comes.

I have enough that I am thinking of buying a second property abroad as well, but may decide against that;
The investment rules of my retirement planning require me to remain a U.K. resident.
So I will not be able to simply cash in and emigrate, as I would like.
I may keep the cash and travel more widely and frequently instead.

How about yourself?
{ 8-]

Interesting idea. I like the idea of averaging out the point to point investment values to get the trend of your portfolio. I might adopt it but maybe monitor it monthly rather than daily.

I am in the early phases of building my snowball, still in my 20s. I get what you mean when u say the rules are limiting you to the UK. Currently I am going all in the S&S ISA building up the base of global diversified etf portfolio. ISA will probably be the key to flexibility in the future I think if I am hoping to have the achieve FI before retirement date. Have a employers pension but will be discounting that for now at least. Unfortunately not much else left for SIPPs but will definitely come into my plans if I enter HRT or have extra. I am going to use the next few years to continue building this base until I am confident it is large enough to absorb more volatility before thinking about active stock investing. Property is another option but not for me now as there is too much effort involved and stability required which I can't commit due to moving around for work. I give myself the aim of 10 years to achieve my goals with some luck riding the market.

I have read most of the FI blogs for motivation and have found them very informative and inspiring. I think you should look into geographical arbitrage if you have reached your safe withdrawal threshold and maybe you can be even safer than you think living several months away from the UK each year. UK is really one of the more expensive places to live compared to elsewhere.

darkidoe

Wentthedaywell? wrote: »

My S&S ISA has finally made up the grand it's lost since I bought at the peak this time last year. I only count what's in the account, rather than what I've paid in, so I'll be able to make up the loss and have a good amount to report this month - assuming it doesn't plummet again. :eek:

I also don't count the tax saving that I make on my AVC, as I don't want to count my chickens in case there's ever any change to pension regulations. So I've got a few thousand more than I've reported which I will need to reconcile next year when I cash the AVC in. That month will be a super-saving one!

The thing is I wish the market would plummet and also wish it wouldn't. I think I have this bittersweet relationship with the market.

Gem-gem

Had a bumper month with yearly interest and other bits.
£1375 long term savings plus. (Don't count short term savings).
£4172 saved so far this year.

ArmyDilllo

darkidoe wrote: »

monitor it monthly rather than daily.

You have a point and the 'experts' all suggest monthly is the best way to do it.
I probably just like "counting my gold", now I've realised that I actually have some.

Have a employers pension but will be discounting that for now at least.

I wish, wish, wish, I had paid into a company pension earlier.
The effect of compound interest on pensions accelerates faster the earlier they're started.
I also didn't consider the incentives properly: Employer's contribution, 25% (plus) tax relief from HMRC, and a further 25% tax relief when it's finally drawn.

I'll take a look at that link, thanks.

ArmyDilllo

I only had £1,160 left to make up my first year's target of £20k after using my annual ISA and pension allowances last week.
My business just received a payment 'early' this month, so I have put exactly that amount aside.
Once I have taken enough income this tax year to allow my pension contribution to increase, I will put it into my pension.
For the moment it's just in my bank.

I think I hear it calling already.... "Floooorrrriiiiddddaaaa!" it's saying.

As my business is still relatively new and not yet established, I'm quite happy that I was able to achieve this so early on this year.
Thank you 'slowlyfading', MSE, and all on this project for providing my extra incentive and focus.
I may increase my target further later in the year, depending on other goals and business yield.

jessy-eve

updating for a very expensive month of April! Have paid for lots of upcoming social events (weekends away, wedding hotels etc) and bought my boyfriends bday present. So therefore a slightly lower amount of £365 saved for April. Im sure it will even out over the coming months as so many event expenses have been paid in advance so im still positive!

slowlyfading

Spreadsheet and front page updated - sorry for the delay

Dird

slowlyfading wrote: »

Spreadsheet and front page updated - sorry for the delay

boglehead robbed a bank this month? :eek: Some of the figures seem quite random e.g. £15k target, £11k declared in Feb xD odds of meeting the target just shortened to 1/200

slowlyfading

Dird wrote: »

boglehead robbed a bank this month? :eek: Some of the figures seem quite random e.g. £15k target, £11k declared in Feb xD odds of meeting the target just shortened to 1/200

I just input the numbers I'm told