Investor blog - accountant

BigSpender2_2

Hello
I am hoping someone can help...

I read the MSE newsletter yesterday and clicked through to a post about a young accountant and his investment blog, trouble is I can't find it now and it's not in my history.

Was a great read and keen to find it.

Thanks
Chris

Alexland

The MSE newsletter archive for this year is here:

https://www.moneysavingexpert.com/tips/2021/

BigSpender2_2

Thanks Alexland.

I clicked through one of the links, but can't remember which one it was. I have tried a few this morning...

eskbanker

It would be quite unusual for MSE themselves to link to external content that might be considered competition, so chances are you'll have followed multiple links to reach someone else's blog.  There's obviously a lot of investment material out there so I suspect that you'll be looking for a needle in a haystack unless you can retrace your steps or find some keywords or prominent messages via which to search....

BigSpender2_2

Found it !
https://inews.co.uk/inews-lifestyle/money/saving-and-banking/how-i-manage-my-money-22-year-old-trainee-accountant-earning-1414-944034

underground99

BigSpender2_2 said:

Found it !
https://inews.co.uk/inews-lifestyle/money/saving-and-banking/how-i-manage-my-money-22-year-old-trainee-accountant-earning-1414-944034

He mentions his investments have increased to £10k and is overall investing 15% of his net salary which would be about £200pm.  But he's using freetrade's ISA and SIPP with the 'plus' service which costs £17 a month (£200 a year). So is spending about 1/12th of his new investments each year on freetrade's services. Per his blog, the £10k includes his bitcoin and crowdfunded investments which are about 20% of his portfolio and won't be held on the freetrade platform, so he only has £8k on freetrade and it's costing him £200 a year, which is 2.5%

Most moneysavingexperts would recoil in horror at spending £200 in broker or platform fees each year to maintain an £8k portfolio, but if you are buying or topping up investments in 25 individual holdings with small amounts of each, trading costs at traditional brokers would be huge and so I can understand why he has gone with the flat fee model for his hobby.

DireEmblem

That might not strictly be true, the Freetrade costs.  It looks like he's a crowd cube investor in them, as he lists FreeTrade as a holding that has increased 198% and may get some investor perks.

I'm not strictly convinced it would have increased that much in value, and tend to value my crowd cube holdings at write off value.  Essentially the purchase cost less EIS relief, and then work out the amount I could claim back in tax relief if they were no longer a going concern.

underground99

DireEmblem said:

That might not strictly be true, the Freetrade costs.  It looks like he's a crowd cube investor in them, as he lists FreeTrade as a holding that has increased 198% and may get some investor perks.

I'm not strictly convinced it would have increased that much in value, and tend to value my crowd cube holdings at write off value.  Essentially the purchase cost less EIS relief, and then work out the amount I could claim back in tax relief if they were no longer a going concern.

Well he did say the Freetrade service costs £16.99 a month (which is the £7 sipp discounted from £10 if you are already paying £10 for the premium service) and put it into his expenditure budget. 

Freetrade did a thing last month via crowdcube where they canvassed the crowdcube investors' opinion about whether if the opportunity arose they would want to cash out some, all or none of their holding at values tied to their most recent funding round.  I have some from the last crowd round and some from a much earlier one, and am hopeful of being able to cash out at a better value than the tax write-off. But as you say, best not to count the chickens before they hatch.