Future Proofing my life: Deposit saving then MFW journey in under 13 years

Watty1

Congratulations on the winnings.    As ever a wander around threads provides thought provoking ideas.  Do you have a resource suggestion for Vanguard etc. I need to do some reading up and will of course interview the google but if you have any resources would you share? Or pm if preferred?.  I've an idea germinating

SandyShores

I need to also take a leaf out of Watty's book and start preparing for us adding on the H2B next year and the ending of the fixed rate to end.  From next month I'll make an OP equivalent to the difference.  Good idea to get used to it now.

I've started rewatching SDC, as I whizzed through it to start with.  Clutter has disappeared from my house, which is so satisfying.  I now need to finish making it reflect my own space/life etc.  I'm looking forward to doing that.

LadyWithAPlan

Watty1 said:

Congratulations on the winnings.    As ever a wander around threads provides thought provoking ideas.  Do you have a resource suggestion for Vanguard etc. I need to do some reading up and will of course interview the google but if you have any resources would you share? Or pm if preferred?.  I've an idea germinating

 hi Watty, not sure what you are needing specifically? I have invested in funds for years inc my Vanguard SIPP./ISA etc  - let me know what you need and I will see if I can assist

MSE has some good stuff on the pensions of course and setting up sipps.

@SandyShores yes i have rewatched it also. Glad your home is feeling more yours and is fitting your current/future demands on it - it is a never ending thing though, the more you move out, the more you see that needs moving

PennysIntoPounds

Fab win on the coffee, that'll save a few quid that can go in the deposit pot!

SandyShores

LadyWithAPlan said: - it is a never ending thing though, the more you move out, the more you see that needs moving

So true.  I've a hankering to re-organise / declutter the kitchen cupboards now - in fact every drawer or cupboard I open!   I think I might be addicted to the feeling you get when you send something on its way - MrShores had better watch out  🤣🤣🤣. 

themadvix

@Watty1 some years ago we watched a video on YouTube that @edinburgher posted about John Bogle (maybe featuring him?). It was all about the benefits of low cost index funds as opposed to managed funds. It was very educational and set us on our Vanguard journey - I can’t remember what it was called though now but it would still be on Ed’s diary (not the current one). Might be worth a search? 

Watty1

LadyWithAPlan said:

Watty1 said:

Congratulations on the winnings.    As ever a wander around threads provides thought provoking ideas.  Do you have a resource suggestion for Vanguard etc. I need to do some reading up and will of course interview the google but if you have any resources would you share? Or pm if preferred?.  I've an idea germinating

 hi Watty, not sure what you are needing specifically? I have invested in funds for years inc my Vanguard SIPP./ISA etc  - let me know what you need and I will see if I can assist

MSE has some good stuff on the pensions of course and setting up sipps.

I'll read on the pension board later. I've been putting extra business cash into my pension but it is always "such a performance" that I would like somewhere that I can put money to reduce corporation tax and for my future benefit that is not such a faff.       Starting a SIPP might be a good idea despite my age as I see I will be working for at least the next 5 years.

LadyWithAPlan

Watty1 said:

LadyWithAPlan said:

Watty1 said:

Congratulations on the winnings.    As ever a wander around threads provides thought provoking ideas.  Do you have a resource suggestion for Vanguard etc. I need to do some reading up and will of course interview the google but if you have any resources would you share? Or pm if preferred?.  I've an idea germinating

 hi Watty, not sure what you are needing specifically? I have invested in funds for years inc my Vanguard SIPP./ISA etc  - let me know what you need and I will see if I can assist

MSE has some good stuff on the pensions of course and setting up sipps.

I'll read on the pension board later. I've been putting extra business cash into my pension but it is always "such a performance" that I would like somewhere that I can put money to reduce corporation tax and for my future benefit that is not such a faff.       Starting a SIPP might be a good idea despite my age as I see I will be working for at least the next 5 years.

Yes you can have a Vang sipp and directly contribute to it from your business, using your bus bank acct etc. The £ is seen as an expense of the business so you are  not paying EE/ER ni etc on it so its the best way to drop money in tax wise. You can add up to £60k a year and can go back 3 years if the account is set up, as long as you made that much in the business.
 It is incredibly easy to run and set up and  with Van you can open with £500 but then can add any amount eg £10 in after that so you can do Tilly tidy pension payments

In terms of funds, Van sipp only allows you to buy Van funds so max yearly fee is under 0.5% and the platform fee is 0.15% with a cap of £375 pa.
In terms of funds you could literally just buy one which is 
FTSE Global All Cap Index Fund    
Number of assets 7,446 holdings

and maybe some  FTSE North America UCITS ETF,  the    U.S. Equity Index Fund    or the  S&P 500 UCITS ETF

 and the ESG is sustainable so ...  ESG Global All Cap ETF

I actually suggested to my friend he could always just buy the Global All Cap to keep it super simple.  or 
Life Strategy 100%  (Number of assets  7,191 holdings

Cap is short for capitalisation of the business so all cap is small, med and large companies

I personally like to shift around a bit and split so I can weigh it (I have been underweight in UK for a few years now but am not really buying loads now of UK - just adding maybe 5% into UK   each time ) so I also like..
Global Small-Cap Index Fund  - Number of assets   4,294 holdings   Ongoing charge (OCF) 0.29%

FTSE All-World High Dividend Yield UCITS ETF
Plus I will add in small drabs into  various regions as the macro economics shift eg
Germany All Cap UCITS ETF, Asia Pacific etc

I have this SIPP all in equities not bonds (I am not needing the cash and also I have an old DB and will have full SP) but if you want it weighted their Life strategy 80% (so 80% equity 20% bonds)  is easy.

LadyWithAPlan

themadvix said:

@Watty1 some years ago we watched a video on YouTube that @edinburgher posted about John Bogle (maybe featuring him?). It was all about the benefits of low cost index funds as opposed to managed funds. It was very educational and set us on our Vanguard journey - I can’t remember what it was called though now but it would still be on Ed’s diary (not the current one). Might be worth a search? 

yes index funds are the way to go,  the research shows the active mgt normally underperform the market especially with the buying charges and paying for a manager. Whatever you do dont go to S*P though!! 

John Bogle set up Vanguard 

LadyWithAPlan

SandyShores said:

LadyWithAPlan said: - it is a never ending thing though, the more you move out, the more you see that needs moving

So true.  I've a hankering to re-organise / declutter the kitchen cupboards now - in fact every drawer or cupboard I open!   I think I might be addicted to the feeling you get when you send something on its way - MrShores had better watch out  🤣🤣🤣. 

Poor Mr Shores

I have had a busy few days  with unlimited free flowing champagne -  life /death celebrations .. so I drank Tattinger all night Friday til 4am, the waitresses just kept filling the glasses at a memorial, and we danced to a great DJ - I got home around 5.30am - only cos I knew I had Sat night to get thru next!

 Then another friends big bday bash Sat night - this at a gorgeous London restaurant, black tie, she had hired the entire place out  - the amazing food even GF kept coming - they even made 3 GF desserts just for me and a cheese plate with GF crackers! 
So my slow carb cheat day started 8pm Friday eve till 11pm Sat eve...   And the scale jumped from 60.6 Sat am  to 63.2kg Sun morning !! Not worried though but thats a mad increase 
My friend did not want a gift but I  wanted to give her a reminder so I had a canvas printed with 20 years of fun pics of the small group of us who have done marriages, funeral, creative things, trips etc together. It included some of the photo booth shots with props at various weddings/40ths etc where you all wear silly hats and glasses.

I do love my London life, and yes I am very spoiled with my friends and social life.
Walk around Hampstead heath today...

The coffee machine arrived, it was not the one I thought but the next model up ! the £400 one (I paid £104 for all 3 at auction inc delivery) and its beautiful, curved, quite large but a thing of beauty. I see it each morning in my kitchen and think wow..
Foot massager working well with all my dancing. The only disappointment is the steam mop, I nearly burnt myself as its not v well made so I made leave it just for floors,,, will test