My investment performance in 2016

guitarman001

I've not tracked gains but here goes regarding current state of affairs.

FYI I'm amazed how young some of you are with such high-valued homes with low-value mortgages. Inheritance?

For the record, I lost £20k about 4-5 years ago in bad share deals which I've never recovered (gutted).



OK..
Age 32, earnings put me in higher tax bracket (but nothing massive), 9.5% pension from work, bonus of about 4k per year.

£52k in pension (£900+ a month)
£35k in HL (1/4 VLS100, rest in riskier oil shares & LLOY).
£4k in P2P (Funding Circle... about 5% return - lots of defaults).
£62k in bank accounts (Ugh!! Not getting any interest on lots of it).

I realise this is more than most but I don't own a property, I'm not paying into a mortgage, so this is everything I've got. It doesn't feel that much to me in all honesty. I'm struggling to think of what to do with the cash. I'm scared about the shares... I have hopes for the oilies and for LLOY but they could go the other way. VLS100 has been good.

What to do with the cash!?
Girlfriend owns her own flat outright. I think there'll be a housing depression but I've been saying that for 10 years............ not sure whether to move abroad or buy a house. Been in the same job a while so might make a change. Not the time to chuck it into a house, perhaps.

I've got friends moving to America who are buying BTL here as an investment but I hate that.

ColdIron

guitarman001 wrote: »

£62k in bank accounts (Ugh!! Not getting any interest on lots of it).

What to do with the cash!?

You've been posting on this board long enough to know the answer to this surely

I lost £20k about 4-5 years ago in bad share deals which I've never recovered (gutted).

£35k in HL (1/4 VLS100, rest in riskier oil shares & LLOY).

I'm scared about the shares

VLS100 has been good.

Perhaps the VLS would be a better home for your shares, you might sleep better if nothing else

jimjames

guitarman001 wrote: »

For the record, I lost £20k about 4-5 years ago in bad share deals which I've never recovered (gutted).

It seems a bit strange that you're "gutted" you lost money 4-5 years ago but have 75% of your investments in risky shares. Surely you'd learn from that you prefer lower risk investments and have 75% VLS and 25% risky or even 100% VLS.

Ray_Singh-Blue

BucksLady wrote: »

I wonder if anyone else using this forum finds it strange that anyone would even contemplate stating their age, earnings, total wealth etc...)

It would appear that at least 3 people find it strange (as of 15.30 on 2/1/17)

I don't. This website seems like a very logical place to have discussions about money issues such as earnings, wealth, and so on. Some people paint in broad brush strokes, but those giving really granular detail are likely to get more detailed replies.

Mr_Costcutter

Ray_Singh-Blue wrote: »

This website seems like a very logical place to have discussions about money issues such as earnings, wealth, and so on. Some people paint in broad brush strokes, but those giving really granular detail are likely to get more detailed replies.

I agree, but very often 'discussions' centering on matters concerning age, earnings, gross wealth etc, do not actually involve any real discussion at all. Instead, the threads contain a collection of posts where individual posters tell the world and their dog just how well they are doing. It may be of interest to some forum members, but not to many others - myself included.

edinburgher

BucksLady wrote: »

You jolly well know you are, so why ask?

I wonder if anyone else using this forum finds it strange that anyone would even contemplate stating their age, earnings, total wealth etc...
Anyway, I find it bizarre .... Just my opinion of course

I believe the technical term is willy waving, or 'humble bragging', if you want to be all internetty about it

k12345678

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 doing amazingly well. To have that sort of money you must be in banking I presume or have had a sizeable inheritance?

However it is a cringeworthy question you already know the answer to.

TheTracker

I've got no issue with people discussing their age, earnings, wealth, etc on a public forum. Ironically, its one of the most private places to do so. I certainly don't have a circle of friends who know about my finances that I could canvas for opinions or even reaction, subjective as they may be. It seems stranger to me, not that someone would provide that information, but that others would react so negatively to it.

In fact I suspect the lack of easy accessible public information about localised wealth and debt is part of the reason people don't save, or go into debt. In London its easy to think everyone is rolling in it, whereas its possible what they are rolling in is either debt or inheritance money. So in response to how well am I doing the answer is "very well, mate". There are FIRE people in their early 40s with families who are now retiring on not much more than that.

fun4everyone

TheTracker wrote: »

In London its easy to think everyone is rolling in it

The point your post makes is a valid one, but I read this article the other day which shows being a millionaire in London is a common status to have...

https://www.theguardian.com/cities/2014/aug/05/london-millionaire-capital-world-city-new-york-tokyo

(Granted, it is measured in US $ and definition of "net worth" is highly debated)

London of course is not really representative of the rest of the UK, and I would make a guess its mostly property wealth that is driving these figures, but still a lot of people there really are rolling in it in comparison to the average joe.

I would also guess the average individual net worth of a regular of this specific forum is a lot higher than the average individual net worth of a person from the UK.

economic

fun4everyone wrote: »

The point your post makes is a valid one, but I read this article the other day which shows being a millionaire in London is a common status to have...

https://www.theguardian.com/cities/2014/aug/05/london-millionaire-capital-world-city-new-york-tokyo

(Granted, it is measured in US $ and definition of "net worth" is highly debated)

London of course is not really representative of the rest of the UK, and I would make a guess its mostly property wealth that is driving these figures, but still a lot of people there really are rolling in it in comparison to the average joe.

I would also guess the average individual net worth of a regular of this specific forum is a lot higher than the average individual net worth of a person from the UK.

this was back in 2014. probably not as many dolalr millionaires now after the pound crashing.