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S & P 500 investment in wive's name
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Albermarle said:Investment is a new field to us, any advice welcome.
Does that mean that you both either have Defined Benefit pensions ( mainly only available to public sector employees nowadays) or no pensions at all?
The reason for the question is that within most workplace pensions and all personal pensions, the money is normally held within investments.Nothing is more damaging to the adventurous spirit within a man than a secure future. - Alex Supertramp0 -
Roger175 said:The_Palmist said:Hello All,
Husband - higher tax bracket
Wife - basic rate tax bracket
We have a little savings which we want to put in an investment, I am thinking of S&P 500 index via Vanguard. I was wondering if it is more tax efficient to open an investment account in wive's name or a joint account.
Not concerned about other risks like splitting up etc. at this stage.
Investment is a new field to us, any advice welcome.
Thanks in advance.
In the last couple of months, I've sold about 2/3rds of my S&P funds and global funds which I feel are too heavily weighted towards the S&P. I maybe wrong, but having recently retired I'm not prepared to take the sequence of returns risk which would result from a US crash/correction. In my view the gains over the last year or two are unsustainable, but do your own research.Nothing is more damaging to the adventurous spirit within a man than a secure future. - Alex Supertramp0 -
incus432 said:When you see 'S&P 500' everywhere in posts from new investors it's a warning sign. The new dotcom boom.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.4
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dunstonh said:I am thinking of S&P 500 index via Vanguard.OK, that fills the US allocation but what about the rest of the world?
Or are you mistakenly looking at short term recent returns and making a bad investment selection on that basis?Nothing is more damaging to the adventurous spirit within a man than a secure future. - Alex Supertramp0 -
The_Palmist said:dunstonh said:I am thinking of S&P 500 index via Vanguard.OK, that fills the US allocation but what about the rest of the world?
Or are you mistakenly looking at short term recent returns and making a bad investment selection on that basis?3 -
What are your DC pensions invested in?
You might already be 100% S&P500. Unlikely but if you haven't looked how do you know.
Advice from friends is OK but their timescales and objectives might not be the same as yours, nor their tax / debt / pension etc. etc.
What do you want from the investment over how long? A couple in their 30s with 3 young children will have different priorities to a childless couple in their 50s.
If it is for retirement then use a pension wrapper or an ISA wrapper if for pre or early retirement.
Investing is no different to other activities - decide what you are trying to get out of it and then choose how to get there.2 -
Worth remembering people do tend to recommend things that appear to be making them good money. It doesn't mean they understand them or that the past performance will continue. If they only invested last year, they won't yet have experienced seeing their investment fall 30% in value.A crash is coming. Probably in the next few years. Nobody knows when, but it is the nature of the beast. If they understand the risks then they will ride it out unconcerned, but many an inexperienced investor panic sells and is put off investing.6
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The_Palmist said:dunstonh said:I am thinking of S&P 500 index via Vanguard.OK, that fills the US allocation but what about the rest of the world?
Or are you mistakenly looking at short term recent returns and making a bad investment selection on that basis?
investing cycles are 15-20 years. One year of data is irrelevant.
A change of president and a country with a bubble on its stockmarket is a lot of risk to be taking for 100% of your invested assets. And before you say trump will be good for business its worth noting that in his first term, US equities underperformed the Biden and Obama presidencies.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.11 -
I was honestly thinking this will be a simple decision and expecting the responses to be something like ...S&P 500..great choice go for it.
But I have now got a lot more food for thought and I can see a number of important concerns mentioned here which didn't even cross my mind.
I am now considering using the money set aside for investment to
- contribute towards wife's pension
- make even more early payments on mortgage
Thank you very much for your responses.
Nothing is more damaging to the adventurous spirit within a man than a secure future. - Alex Supertramp1 -
Setting aside which funds might be most appropriate, if you have £5k ISA allowance left this year then use that for your investment. You won’t have to worry about tax efficiency as everything is sheltered from tax. I don’t think you can have a joint ISA, and it makes no difference who’s name it’s in.0
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