It's time to start digging up those Squirrelled Nuts!!!!

cfw1994

Audaxer said:

garmeg said:

Sea_Shell said:i

garmeg said:

garmeg said:

cfw1994 said:

garmeg said:

Sea_Shell said:

Well, we've updated all the financial figures and closed off for 2020.
Current pot total....£597,660.
That's an overall annual growth rate of 8.3% gross (6.28% net of spends)
DC Pensions - £345,014
S&S ISAs - £169,188
Fixed term cash - £59,237
Available (net of cc) cash - £24,220

Bit premature - the markets are still open (until noon I think) and any funds / unit trusts will still be using yesterday's pricing.

Heh heh!
For years I have done a quarterly check from 5th April (tax year)....next check in 6 days.....

I will be doing it tomorrow when today's closing prices are in.

I don't think I am going to like what I see.

Hargreaves have fund prices as at 31 December now.

Result for 2020 ...

SIPP annual return of -9% (2019 was +17%)
ISA annual return of -3% (2019 was +40%)

Figures include reinvested dividends / contributions added (Excel XIRR).

After 2019 I guess the portfolios had to put something back. Not too disappointed with 2020 with these returns, considering, especially that it was looking like -40% on the SIPP a couple of months ago!

FTSE seems to be about -15% plus some dividends so maybe -12% allowing for the dividend cuts (not that it is that great a benchmark to compare with).

I know my figures are a "day early" but those returns seem low!!   I don't think the markets fell of a cliff yesterday!

Our DC pensions were up on average 5.3% on the year, and our ISAs up 9%


Anyway, here's to a prosperous New Year!!    Happy 2021 everyone.

The result of too much UK in my portfolios, especially the SIPP. Could have been (and two months earlier, was) worse!

My income portfolio is also a bit overweight with UK Equity Income. They did recover a good bit over the last two months which I'm pleased about. I'm just trying to decide whether to hang on to all the UK Equity Income funds hoping they continue to recover to pre-Covid levels, or replace with some with global funds/ITs focused more on growth than value to give me a bit more diversification and lower my UK weighting.

Lars would tell you to "buy the world"      I do not follow this plan 'religiously', but it does make a lot of sense to me....
UK is around 4-6% of The World.....

DT2001

Sea_Shell said:

Good Morning everyone.

Following our last foray to Aldi yesterday, we've now closed off the "spends" for the year.    A grand sum of £11,337 !!    Which was actually £250 more than last year!!!

For those of you who may be interested, this is broken down as follows:
Bills - £3709 (CT, G&E, Sky, Water)
Holidays/Entertainment - £1292  (just 11 nights UK self-catering)
Car Expenses - £856 (includes a big service, and skewed by half a year of insurance DDs in this year, plus in full payment for 20-21)
Groceries - £2666
Household - £1437  (includes some new armchairs and bedding, and a new patio door lock mechanism)
Health/Beauty - £499 (running gear, haircuts and some gym/swimming)
Clothes/Shoes - £76 (no need for anything much)
Petrol - £220
Gifts - £185 
Bank/ISA fees - £372
Phones/Calls - £20

Our average spends over the last 4 years = £12,140.

We'll close off the investments and pension figures later in the week, but it's all looking pretty positive at the moment!

A little slower in working out our figures. I use an adjusted SAAF (source and application of funds system). Bank account opening figures, add income, subtract tax (self employed), amount invested, end bank account. The balancing figure equals expenses. I know some of the components exactly but tend to use cash for quite a lot. I keep a note of larger items as well. So £22.5k spent inc £3k on replacing flooring and decking. No holidays so £10k ‘saved’.
We have some business expenses and 4 children still at home so very pleased at this level and know what is achievable when we finally fully retire.
Remaining Investments up about 5% but increased cash holding on the way down as income stopped during 1st lockdown. 
An interesting year regards income as OH now has 2 contracts which provide full time work whereas before she worked p/t (out of choice so we could travel more). OH enjoys her new work so that will delay retirement further and put less pressure on required returns.
Overall I feel we have been lucky.

michaels

DT2001 said:

Sea_Shell said:

Good Morning everyone.

Following our last foray to Aldi yesterday, we've now closed off the "spends" for the year.    A grand sum of £11,337 !!    Which was actually £250 more than last year!!!

For those of you who may be interested, this is broken down as follows:
Bills - £3709 (CT, G&E, Sky, Water)
Holidays/Entertainment - £1292  (just 11 nights UK self-catering)
Car Expenses - £856 (includes a big service, and skewed by half a year of insurance DDs in this year, plus in full payment for 20-21)
Groceries - £2666
Household - £1437  (includes some new armchairs and bedding, and a new patio door lock mechanism)
Health/Beauty - £499 (running gear, haircuts and some gym/swimming)
Clothes/Shoes - £76 (no need for anything much)
Petrol - £220
Gifts - £185 
Bank/ISA fees - £372
Phones/Calls - £20

Our average spends over the last 4 years = £12,140.

We'll close off the investments and pension figures later in the week, but it's all looking pretty positive at the moment!

A little slower in working out our figures. I use an adjusted SAAF (source and application of funds system). Bank account opening figures, add income, subtract tax (self employed), amount invested, end bank account. The balancing figure equals expenses. I know some of the components exactly but tend to use cash for quite a lot. I keep a note of larger items as well. So £22.5k spent inc £3k on replacing flooring and decking. No holidays so £10k ‘saved’.
We have some business expenses and 4 children still at home so very pleased at this level and know what is achievable when we finally fully retire.
Remaining Investments up about 5% but increased cash holding on the way down as income stopped during 1st lockdown. 
An interesting year regards income as OH now has 2 contracts which provide full time work whereas before she worked p/t (out of choice so we could travel more). OH enjoys her new work so that will delay retirement further and put less pressure on required returns.
Overall I feel we have been lucky.

I thought we were frugal with 3 kids and 28k excluding mortgage.  Would be really interested in your breakdown if you were willing to share?  Thanks

Anonymous101

cfw1994 said:

Audaxer said:

garmeg said:

Sea_Shell said:i

garmeg said:

garmeg said:

cfw1994 said:

garmeg said:

Sea_Shell said:

Well, we've updated all the financial figures and closed off for 2020.
Current pot total....£597,660.
That's an overall annual growth rate of 8.3% gross (6.28% net of spends)
DC Pensions - £345,014
S&S ISAs - £169,188
Fixed term cash - £59,237
Available (net of cc) cash - £24,220

Bit premature - the markets are still open (until noon I think) and any funds / unit trusts will still be using yesterday's pricing.

Heh heh!
For years I have done a quarterly check from 5th April (tax year)....next check in 6 days.....

I will be doing it tomorrow when today's closing prices are in.

I don't think I am going to like what I see.

Hargreaves have fund prices as at 31 December now.

Result for 2020 ...

SIPP annual return of -9% (2019 was +17%)
ISA annual return of -3% (2019 was +40%)

Figures include reinvested dividends / contributions added (Excel XIRR).

After 2019 I guess the portfolios had to put something back. Not too disappointed with 2020 with these returns, considering, especially that it was looking like -40% on the SIPP a couple of months ago!

FTSE seems to be about -15% plus some dividends so maybe -12% allowing for the dividend cuts (not that it is that great a benchmark to compare with).

I know my figures are a "day early" but those returns seem low!!   I don't think the markets fell of a cliff yesterday!

Our DC pensions were up on average 5.3% on the year, and our ISAs up 9%


Anyway, here's to a prosperous New Year!!    Happy 2021 everyone.

The result of too much UK in my portfolios, especially the SIPP. Could have been (and two months earlier, was) worse!

My income portfolio is also a bit overweight with UK Equity Income. They did recover a good bit over the last two months which I'm pleased about. I'm just trying to decide whether to hang on to all the UK Equity Income funds hoping they continue to recover to pre-Covid levels, or replace with some with global funds/ITs focused more on growth than value to give me a bit more diversification and lower my UK weighting.

Lars would tell you to "buy the world"      I do not follow this plan 'religiously', but it does make a lot of sense to me....
UK is around 4-6% of The World.....

Where possible I follow this advice. I buy Vanguards Global all cap index. I do have a pension where this isn't available and can only purchase Global Trackers ex UK and then I simply add the UK equities tracker at 6% of new purchases. I'm not too fastidious about rebalancing to maintain this. If my UK exposure were to decrease below about 4% and above say 7-8% then I rebalance.
I agree with the rational that I am exposed enough to the UK market through living here and my job being dependant to a large degree on there being a sufficiently buoyant UK stockmarket / available credit.

DT2001

I thought we were frugal with 3 kids and 28k excluding mortgage.  Would be really interested in your breakdown if you were willing to share?  Thanks

As I said these are not exact
House - CT £2.8k, Water £0.3k, Gas/Elec/wood £2.5k, Ins £0.6k
Motor £4.3k (less mileage on 1 vehicle this year but 2 lots of preventative expensive repairs)
Computer type costs £750
Mobiles inc 1 newer phone £650
Clothes £200
Food + shopping £6k
Household maintenance/refurb £3k
The rest £1.5k inc gifts, eating out (very low this year!)
michaels where does your spend vary to ours?

Alexland

Audaxer said:

I'm just trying to decide whether to hang on to all the UK Equity Income funds hoping they continue to recover to pre-Covid levels, or replace with some with global funds/ITs focused more on growth than value to give me a bit more diversification and lower my UK weighting.

I seem to remember you also hold CTY? I had wanted to own it for years but it never seemed to made sense until recently with all the Brexit no-deal nonsense being discussed before Christmas. We could have bought it at a 6%+ yield during the recent crash but it was better to wait for the rebound and gains on our global shares and use the greater capital to buy more units at a 5%+ yield.

My perspective (having not suffered the years of pain you have) is that it's a very nice income for our ISAs and a good style and geographic diversification from the global trackers we hold in our other accounts which seem to be gradually turning into growth funds. The UK market is looking good value and the clouds that have been overshadowing valuations seem to be clearing. If you go further into global funds/ITs then that might hurt if exchange rates continue to improve.

michaels

DT2001 said:

I thought we were frugal with 3 kids and 28k excluding mortgage.  Would be really interested in your breakdown if you were willing to share?  Thanks

As I said these are not exact
House - CT £2.8k, Water £0.3k, Gas/Elec/wood £2.5k, Ins £0.6k
Motor £4.3k (less mileage on 1 vehicle this year but 2 lots of preventative expensive repairs)
Computer type costs £750
Mobiles inc 1 newer phone £650
Clothes £200
Food + shopping £6k
Household maintenance/refurb £3k
The rest £1.5k inc gifts, eating out (very low this year!)
michaels where does your spend vary to ours?

Thanks, will reply later.  Are your 4 kids to some extent self supporting now as an immediate difference we have is on clothes, pocket money, kids activities etc.

AlanP_2

I don't know whether the amounts above are typical for MSE contributors but we are a long way away from those.

2 people, and we are at £46,700 excluding mortgage, although to be fair we spend what we want. 

Bank Charges - £180
Bills - £5037
2 Cars - £4272
Clothing / Footwear - £1356
Office / Postage - £195
Groceries - £5083
Healthcare - £1112
Hobbies - £1348 (lower than normal due to C19)
Holidays - £5349 (we were away in Feb / March & got home just before lockdown, but still lower than normal)
Household Capital Items - £7920
Household F&F - £1044
Household Revenue - £4979 (includes cleaner / window cleaner / tradesmen)
Leisure & Ent - £1155 (lower than normal due to C19)
Misc - £3058 (charity, gifts and sundry cash purchases)
Motorhome - £1220 (mainly fixed costs this year)
Personal Care - £1514 (toiletries, makeup, haircuts etc).
Pets - £1371
Sundry Work Costs - £369

Sea_Shell

AlanP_2 said:

I don't know whether the amounts above are typical for MSE contributors but we are a long way away from those.

2 people, and we are at £46,700 excluding mortgage, although to be fair we spend what we want. 

Bank Charges - £180
Bills - £5037
2 Cars - £4272
Clothing / Footwear - £1356
Office / Postage - £195
Groceries - £5083
Healthcare - £1112
Hobbies - £1348 (lower than normal due to C19)
Holidays - £5349 (we were away in Feb / March & got home just before lockdown, but still lower than normal)
Household Capital Items - £7920
Household F&F - £1044
Household Revenue - £4979 (includes cleaner / window cleaner / tradesmen)
Leisure & Ent - £1155 (lower than normal due to C19)
Misc - £3058 (charity, gifts and sundry cash purchases)
Motorhome - £1220 (mainly fixed costs this year)
Personal Care - £1514 (toiletries, makeup, haircuts etc).
Pets - £1371
Sundry Work Costs - £369

I'm not sure what typical is.... probably not me!!!

Are you early retired too?

That must be a substantial pension to comfortably cover those spends.

AlanP_2

Sea_Shell said:

AlanP_2 said:

I don't know whether the amounts above are typical for MSE contributors but we are a long way away from those.

2 people, and we are at £46,700 excluding mortgage, although to be fair we spend what we want. 

Bank Charges - £180
Bills - £5037
2 Cars - £4272
Clothing / Footwear - £1356
Office / Postage - £195
Groceries - £5083
Healthcare - £1112
Hobbies - £1348 (lower than normal due to C19)
Holidays - £5349 (we were away in Feb / March & got home just before lockdown, but still lower than normal)
Household Capital Items - £7920
Household F&F - £1044
Household Revenue - £4979 (includes cleaner / window cleaner / tradesmen)
Leisure & Ent - £1155 (lower than normal due to C19)
Misc - £3058 (charity, gifts and sundry cash purchases)
Motorhome - £1220 (mainly fixed costs this year)
Personal Care - £1514 (toiletries, makeup, haircuts etc).
Pets - £1371
Sundry Work Costs - £369

I'm not sure what typical is.... probably not me!!!

Are you early retired too?

That must be a substantial pension to comfortably cover those spends.

No, both still working for next 8 months to 3 years I would think, and salaries easily cover expenditure. Retirement plan is based on £48k spend per year and will be 90% covered by DB & SP once all in payment with SIPPs / ISAs for use as needed.