My investment performance in 2016

economic

jimjames wrote: »

Pension, investments? Do you already have S&S ISA?

yes already have S&S ISA. pension dotn really want to add to as my parents have a significant amount of assets.

i guess a combination of property and stocks is what i should do.

Ray_Singh-Blue

economic wrote: »

anyone have any smart ideas what to do with the £155k cash i have sitting in the bank doing nothing?

It's doing something- it's reducing the volatility of your whole portfolio.

If stocks fall by 50% & bonds fall by 20%, cash will be king again like it was in 2008/9

economic

Ray_Singh-Blue wrote: »

It's doing something- it's reducing the volatility of your whole portfolio.

If stocks fall by 50% & bonds fall by 20%, cash will be king again like it was in 2008/9

agree.

good to keep some powder dry. guess i will hold the cash for now and await good opportunities to buy. im certainly not selling my current investments.

Zippeh

Well and I thought i was doing ok!
Im 35, married and have one child.

House worth 225k, mortgage of 72k.
50% of rental property worth £135k and mortgage of 75k. Brings in £915 a month (before tax and bills)

Between me and my wife we have 70k in cash across different accounts.

I have 12k in s&s isa and £27k in sipp. I manage to put £100 into s&s and £575 net into sipp.

Our joint income is roughly £75-80k.

This is all in north wales so not really comparable to more affluent places!

ruperts

Trust fund kids, don't you just love 'em lol

bowlhead99

economic wrote: »

forgot to add my networth is around £788k. closing in on £800k fast! at age 33 living in london am i doing ok?

!!!!!!.

You are age 33 so potentially have 30+ years of being physically and mentally capable of high paid work ahead of you, and located in the city that pays the highest salaries in the country.

Only 15 years into adulthood, you already have net wealth in excess of 95% of UK households and 99% of global households, even though you are a single person so the wealth belongs to you alone, rather than being achieved with two incomes or needing to be split across multiple sets of expenses.

Your house at £600k is valued 25% higher than the average London property. And again, you are single rather than being the average household that needs an average property. With the £340k of equity in that house, you could sell your home, buy the average house in England outright for cash, and still have almost a third of the equity left over to do something else with. Let alone your other liquid assets which represent over a third of a million quid, which you could compare to median disposable household income of under £30k a year.

You are wondering if anyone has any bright ideas what you should do with your over £150k of cash that's sitting in the bank doing nothing alongside your other savings and investments. That dormant, idle, unused amount is well over 30x the amount of savings that the average UK family has. Oh, and per post #2, your parents will be gifting you some more money.

So, when you tell us all about your high level of net wealth and the fact that you are going to be getting some more cash gifts from your parents, with numbers that are well off the top end of the charts for the vast majority of people in the UK, and then innocently ask "am I doing OK?", it means one of three things.

Either you are hilariously naive and know very little about the real world and are not really worth engaging in grown-up discussion.

Or you know perfectly well that you have massively more wealth than the average UK household, and are the type of person that wants to brag about it online to feel superior to others and try to make them envious.

Or you are making it up and simply trolling for reaction.

Either way, you've gone down in my estimation. I guess 'wealth' isn't all about the numbers.

Thrugelmir

edinburgher wrote: »

I think your 'not great' re. your S&S ISA is a serious understatement, I managed 19%+ with a boring as hell passive strategy. Perhaps time to revisit why you think that you can pick winners, but are relying on a passive approach for your SIPP?

Biggest downfall of many investors is to over estimate their own abilities.

munkee_saver

bowlhead99 wrote: »

Either way, you've gone down in my estimation. I guess 'wealth' isn't all about the numbers.

:T Bang on the money.

andrewm1981

Jimjames: I'm in shares for the long term, as much as I love numbers and research there's absolutely no reason why I'd know more than the average, so I'd don't trade at all, I'm not selling any shares any time soon. The fund and share account was just to get some share action than having it in cash. I'll shimmy it across into the isa in a couple of years, but I certainly won't keep it long enough to get me into cgt territory. But only cheap trackers from now on!

And yes, everybody does seem to be doing quite well.... well those who have posted here anyway. My guess is option b, Bowlhead.

veryintrigued

interesting thread with some good info. Good to see relatively young people doing well.

Interesting that lots of you use the phrase 'house worth xxxxxx'.

Our house has a market value four times what we paid - but in our eyes isn't worth a fraction of that!

I wonder if others have a similar view of the worth word