Best decision and worst decision.

Type_45

Keeping a close eye on this thread.

InvesterJones

Type_45 said:

Keeping a close eye on this thread.

Is that your best decision, or your worst?

barnstar2077

Type_45 said:

Keeping a close eye on this thread.

Yeah, I think it is definitely one of the more interesting ones on here, I hope more people add their two pence! 

mark_cycling00

I think I'm currently making my worst decision which is not diversifying my wealth out of UK+Europe quick enough. 

Got the same guy feeling as when the covids started. 

infj

I have 2 best decisions.

1. Always joining the pension fund in work
2. Learning about ISA share funds in my 20s (slight bump in buying managed funds first), then learnt about index trackers and started shoving a good portion of savings into them. There have been ups and downs but it's mostly been ups and 30 years later I am a pretty happy bunny.

I don't think I've made any major mistakes. I do regret not starting with index funds earlier & wish I'd put a bit more in from savings but that's all (and that Vanguard had been available when I started.)

Only putting money in something I understand has stood me in good stead so far.

Of course !!!!!! can fall unexpectedly on your head in the future so I am never too complacent (ask any pensioner from a failed scheme).

Exodi

mark_cycling00 said:

I think I'm currently making my worst decision which is not diversifying my wealth out of UK+Europe quick enough. 

Got the same guy feeling as when the covids started. 

I touched upon this a few posts ago. I think many people accidently over-invest in the UK by virtue of using certain vanguard funds.

For example, Vanguards Target Retirement accounts have about 20-25% UK allocation and about 40-45% US allocation. Vanguard LifeStrategy 100 has about 20% UK allocation and 48% US allocation.

Now let's compare this to the FTSE All-World Index (AW01) which puts US at 60% and the UK at 4%.

Two incredibly popular funds, but both heavily overweighted (home bias) in the UK.

mark_cycling00

For my ignorance: 
Does "UK" mean FTSE listed or it is a measure of how much activity is UK based?
Could "uk" include an international company like bp? Or would bp be classified as x% UK 

Thanks 

Hal17

Best Decision: Marrying my wife

Worst Decision: Not able to get her to relinquish her personal and emotional attachment to her Marks and Spencer shares. She still holds them even though I have tried to convince her to sell many times. Brings a tear to my eye when I know what profit she could have made!

Exodi

mark_cycling00 said:

For my ignorance: 
Does "UK" mean FTSE listed or it is a measure of how much activity is UK based?
Could "uk" include an international company like bp? Or would bp be classified as x% UK 

Thanks 

Don't worry about it, none of this stuff is obvious.

UK refers to a company that is listed in the UK, typically this refers to UK registered businesses. Assuming you are on Vanguard, you can click 'Portfolio Data' and scroll down to see the Holding details for each investment. If you did this on the FTSE UK All Share Index, you can see it includes companies like Shell & BP.

Don't confuse a company being on a FTSE index as automatically being UK based. The FTSE is just a provider of benchmarks and while the 'FTSE 100' refers to the top 100 UK companies, the 'FTSE All World' or 'FTSE Global All Cap' (for example) refer to companies from all countries.

bd10

best decision: trade as little as possible to enjoy the power of compounding.