Predictions for personal investment Post Brexit

[Deleted User]

Malkytheheed wrote: »

Problem is S&P is considerably over valued at present. Esspecially the top 10 big tech players. It's due a major correction. The FTSE 250 (which not comparable I agree but none the less is vying for my money all the same) is (i belive) under valued at present and riddled with too much fear and uncertainty over brexit. So due a bull run.

The FTSE 100 IMO is a waste of time for long term growth now. Its all dinosaur companies. Oil, Gas, Banks, Tobacco. Who in their right mind would invest long term in any of that. I digress.

Just curious cos I don't follow the performance of composites, but S&P is valued at $28 trillion so - my question is - from where does Malkyhead get his authority to state that it is considerably overvalued?

Eco_Miser

blomboy wrote: »

Thanks for your advice, at the moment I have it 50K in a standard bank savings account and the rest in three separate ISA's . Would you recommend I start by transferring my current account crash pot to the Vanguard 60/40 fund tax-wrapped as last years and in march this years ISA,

You've got your dates wrong. Last year's (2018/19) ISA is closed.
This year's (2019/20) is available until April 5th - in practice April 3rd this year because of the weekend (but don't wait until then).
Next year's (2020/21) will be available from April 6th.

In your situation I would open an S&S ISA (IWEB is probably cheapest platform, but see Monevator for the cheapest for your circumstances), and start the process of transferring your cash ISAs to it (the S&S ISA provider does the work after you fill in and return their transfer forms) and pay £20k cash in as well.
With a provider that charges transaction fees wait for all the money to arrive before making a single purchase.
With a provider hat charges a percentage of the holding instead, you can make a purchase as each tranche of cash arrives.

Then on or after April 6th pay in another £20k and make another purchase.

blomboy wrote: »

and then consider how to deposit my ISA savings there in annual 10K deposits

Each year, on or after April 6th, pay in £10k, or whatever you have available after allowing for your emergency fund and other spending; then make another purchase.

blomboy wrote: »

readjusting the percentages to reflect the 60/40 weighting?

Readjusting what percentages? You've only talked about one fund, and that is automatically rebalanced to maintain the advertised ratio.

MarkCarnage

Adding to the above, here is the most recent take on it by a major asset manager outside the UK (not in the EU)

When we take stock of prospects for the UK economy, we focus less on the upcoming short-term bounce and more on the challenging picture that remains. The uncompetitive currency, continued reliance on foreign capital, ongoing uncertainty around what the final deal with the EU will look like, and weakening and highly leveraged household sector are all material overhangs. And similar to other central banks, the BoE doesn’t have a lot of monetary fuel in the tank. So, while the UK economy is likely to get a short-term bounce in 2020 by avoiding a messy crash out of the EU late in 2019, the structural problems won’t fade any time soon, and uncertainty over Brexit will remain elevated for years. Negotiations with the EU could still be messy in 2020, and the rules facing businesses won’t be clarified any time soon.

AnotherJoe

DireEmblem wrote: »

Surely you care if you are salaried in the UK?

That comment was i presume in the context of when and what to invest in, what this thread is about.

Thrugelmir

ZingPowZing wrote: »

Just curious cos I don't follow the performance of composites, but S&P is valued at $28 trillion so - my question is - from where does Malkyhead get his authority to state that it is considerably overvalued?

You manage your own investments. In doing so you undertake research. Surely this is factored into your trading decisions? Which is the net result of weighing up differing views.

smjxm09

Malkytheheed wrote: »

What are you talking about? Everyones portfolio is different. How do you know what % the UK makes of mine?

I actually have faith in the UK and I am going to dump a load in FTSE 250 index tacker fund (Much more domestic facing than the 100). That is.... Once this Coronavirus is finished playing havoc.

I have 3 low multi access income funds, two managed and one tracked with really low charges. The best performance seems to be coming from the tracker fund with 0.3% in charges.

Thrugelmir

smjxm09 wrote: »

I have 3 low multi access income funds, two managed and one tracked with really low charges. The best performance seems to be coming from the tracker fund with 0.3% in charges.

Horses for courses. When market conditions finally change. Other fads will come to the fore. Nothing lasts forever. Investors move in herds.