MFW & Retirement Planning on a Single Income

FacelessNumber

Good news on the payrise and bonus! Well done!


And Happy Birthday!

edinburgher

Well done (and happy Birthday)

nellis10

I now own 0.5486 of a single fund thingy with VSL80!!!

It's my very first ever proper fund purchase and I am soooo excited!!:j:j:j:j:j

I am officially an equity owner!! :rotfl::rotfl:

edinburgher

Congratulations! It's a good core fund (high up the risk threshold), it has served DD well, albeit in benign market conditions.

nellis10

edinburgher wrote: »

Congratulations! It's a good core fund (high up the risk threshold), it has served DD well, albeit in benign market conditions.

I'm setting and forgetting it for 15 years. Only starting with £100/month and will up eventually to about £250 or £300.

I figure the fan will be hit sometime during the next 15 years and I need to just ride it out.

Will also swap down to VLS40 or similar after 15 years and maybe move to an inc vs acc account that that time.

FacelessNumber

Congratulations! How did you go about deciding what to invest in? Did you use an advisor? I only ask because I want to start but don't know where to!

nellis10

FacelessNumber wrote: »

Congratulations! How did you go about deciding what to invest in? Did you use an advisor? I only ask because I want to start but don't know where to!

I have 2 pensions which are fairly balanced (ie default ratios from set up) so I figure they will weather most storms by the time I am pensionable.

I will be building up a cash reserve (slowly) over the next 15 years and therefore I believe I can afford to take a higher risk with VLS80. Every 5 years I will move a % of my overall risk to a lower risk - at the moment it's 100% in an 80% equities fund to reduce exposure.

I can't predict the market, I have 15 good years of earnings left and I have DC pensions in place for pension years.

That's the philosophy I am following...rightly or wrongly lol

edinburgher

Have you read any of the articles floating around that look at rising equity glidepaths in retirement (Kitces etc.)?

nellis10

edinburgher wrote: »

Have you read any of the articles floating around that look at rising equity glidepaths in retirement (Kitces etc.)?

Say wha???? :rotfl:
Speak English man!! (Or woman, or non-binary person, who am I to assume anyone's gender! )

edinburgher

I'm a binary man

You talk about reducing the % equities that you hold as you approach retirement.

Some very solid research suggests that in retirement, you'd be better off increasing the % equities you hold to increases the chances of a positive outcome for your portfolio.