General Discussion: I have 15k(ish) to invest - please advise me!


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Sayword
Sayword avatar

5357 posts since 1/4/07

3 Jan 2021 15:41
swede wrote:
Mosoona wrote: You can set up an ISA account on Trading 212 then invest in Vanguard’s funds on that. Not sure if it has all of them, but no fees and has several of them

yep this is a good and quick route to do it

Im doing the same, im going through my retirement accounts, and seeing what they are investing in.

Im then looking in Robinhood & Cashapp for the same stocks, and pitching nickels in there, essentially creating a personal mutual fund.
silv
silv avatar

244 posts since 26/1/12

3 Jan 2021 16:08
Sayword wrote:
swede wrote:
Mosoona wrote: You can set up an ISA account on Trading 212 then invest in Vanguard’s funds on that. Not sure if it has all of them, but no fees and has several of them

yep this is a good and quick route to do it

Im doing the same, im going through my retirement accounts, and seeing what they are investing in.

Im then looking in Robinhood & Cashapp for the same stocks, and pitching nickels in there, essentially creating a personal mutual fund.

The new pie function in 212 is useful to do this, your essentially managing the % you stake in each of the company’s within that pie portfolio. Something I’ve looked into the last few weeks and will be setting up to auto-invest
darko
darko avatar

1061 posts since 4/10/12

posted 3 Jan 2021 16:29, edited 3 Jan 2021 16:29
Stupid question maybe but where did you all learn about this stuff? I.e investing, best places to save etc. Reading this thread has made me realise I haven’t really got a clue outside of premium bonds and isas.

Been saving in a HTB isa to buy our first property but after that will need to start putting money away elsewhere, should probably wise up
Sayword
Sayword avatar

5357 posts since 1/4/07

posted 3 Jan 2021 16:39, edited 3 Jan 2021 16:39
darko wrote: Stupid question maybe but where did you all learn about this stuff? Reading this thread has made me realise I haven’t got a clue.

Been saving in a HTB isa to buy our first property but after that will need to start putting money away elsewhere
There is no real way to open a book and start learning, in my experience, even though there are books, it just isn't the same because the knowledge works through action.

I am still a novice, and like anything you need to put in the hours in order to become a master at something.

I started a few years ago when Robin Hood came out. Robin Hood and cash app has changed the investment game. The difficulty was the barrier of entry before these types of apps.

Now you can use a program like that, and some of you have mentioned 212, and just invest in tried and true companies.

After you take the dive, reading threads like this and investopedia(etc), you then start the education.

I watch a few people on youtube who trade all day and soak up game through them. By me forcing myself to engage in investment research and discussion everyday, I'm learning something new each time, which is what they don't tell you. The real information isn't about which companies to invest in, but how to use your assets as leverage, and tax avoidance and reduction.

I just learned that you could use your retirement account as a one time tax-free down payment up to $10,000, as a first time home buyer. So now I am considering rolling over my retirement accounts into one, so that if I need to use that 10k, I have it as an option.
swede
swede avatar

9504 posts since 21/3/09

3 Jan 2021 17:08
darko wrote: Stupid question maybe but where did you all learn about this stuff? I.e investing, best places to save etc. Reading this thread has made me realise I haven’t really got a clue outside of premium bonds and isas.

Been saving in a HTB isa to buy our first property but after that will need to start putting money away elsewhere, should probably wise up

i'm no expert at all but have learnt a lot from my family (ie basic financial discipline). more recently I keep an eye on r/ukpersonalfinance which is quite good

with regards to stock-picking/investing i was bought the below ~10 yrs ago by my grandfather who has done very well for himself through investing. it is a very good book and teaches you all the fundamentals - written by an esteemed FT author


day to day i would also highly recommend the investor's chronicle podcast, as well as FT's money show podcast. while the IC's companies and markets show is currently suspended, they still get a lot of interesting people on (read; fund managers). they had the polar capital technology fund manager on earlier this year - seriously smart guy who really knows his shit… although that whole sector has gone bonkers this year, the polar capital fund has outperformed tech sector ETFs
swede
swede avatar

9504 posts since 21/3/09

3 Jan 2021 17:11
also I don't think it is a stupid question at all - the uk curriculum doesn't even cover basic things like what an interest rate is, or what your credit score is/means. it is a fucking shambles and baffles me that we aren't taught about these simple things in schools… this ends up with people picking up bad habits from their parents and fueling debt culture. the rise of things like klarna truly worry me too
TROYBOY
TROYBOY avatar

827 posts since 28/2/12

3 Jan 2021 17:25
That klarna is a shocking thing that been created. Its on literally everything online now. Dangerous
Mosoona
Mosoona avatar

362 posts since 25/5/15

3 Jan 2021 17:30
There’s obviously the grim loan aspect to it, but have to admit it’s nice to be able to buy something online and be able to try it on first before being charged. Makes any retailers who are slow to refund/process returns a non-issue.
Sayword
Sayword avatar

5357 posts since 1/4/07

3 Jan 2021 17:48
I do plan on investing heavily in AFFIRM when their IPO drops
RickRude
RickRude avatar

3802 posts since 13/1/12

3 Jan 2021 18:02
swede wrote: also I don't think it is a stupid question at all - the uk curriculum doesn't even cover basic things like what an interest rate is, or what your credit score is/means. it is a fucking shambles and baffles me that we aren't taught about these simple things in schools… this ends up with people picking up bad habits from their parents and fueling debt culture. the rise of things like klarna truly worry me too

This!!
sydneyking
sydneyking avatar

4962 posts since 26/9/09

3 Jan 2021 18:11
Who went big on crypto last year? I have a mate who made over £50k on Bitcoin last year. He said jokingly that it kept him up at night but £50k is effectively another salary for a lot of people
deuce
deuce avatar

13998 posts since 21/1/08

3 Jan 2021 18:31
darko wrote: Stupid question maybe but where did you all learn about this stuff? I.e investing, best places to save etc. Reading this thread has made me realise I haven’t really got a clue outside of premium bonds and isas.

Been saving in a HTB isa to buy our first property but after that will need to start putting money away elsewhere, should probably wise up
ukpersonalfinance on reddit is pretty good for some basic info

+1 on vanguard


sydneyking wrote: Who went big on crypto last year? I have a mate who made over £50k on Bitcoin last year. He said jokingly that it kept him up at night but £50k is effectively another salary for a lot of people
im quite deep into crypto. i go from a millionnaire to pauper from week to week Cool
sydneyking
sydneyking avatar

4962 posts since 26/9/09

posted 3 Jan 2021 18:58, edited 3 Jan 2021 18:58
Bitcoin and ethereum? Or are you into others too? I’ve stuck a couple of grand in but don’t think I could handle the stress of £10 - £20k on cryptocurrency. The possible returns are staggering though, it’s a 21st century gold rush
darko
darko avatar

1061 posts since 4/10/12

posted 3 Jan 2021 18:59, edited 3 Jan 2021 18:59
Cheers lads, fuk comes up trumps again.

I’m still fairly young (<30yrs) and am not in a really lucrative career so I suppose so haven’t had long to accumulate much savings other than for the house (and what a ball ache that has been). Will definitely read into some of the suggestions here.

100% agree about the rise of shit like klarna and the ease of getting credit cards being a dangerous game. I know people who waste their entire pay checks and more every single month buying bucket loads of tat on asos with klarna. Cheap ASOS branded stuff that won’t hold it’s value in any form, it’s baffling

Thankfully other than car finance and student loan which won’t ever get paid off am debt free

Can’t be doing with crypto and my inevitable mental breakdown over the risk Laughing out loud
sydneyking
sydneyking avatar

4962 posts since 26/9/09

3 Jan 2021 19:08
Laughing out loud £2k is my limit on crypto
Rirawin
Rirawin avatar

9488 posts since 17/7/05

3 Jan 2021 19:09
For those holding XRP, now is a good time to convert or withdraw it before it starts getting delisted from all the major exchanges.
darko
darko avatar

1061 posts since 4/10/12

posted 3 Jan 2021 19:18, edited 3 Jan 2021 19:18
Don’t know if this is the right thread and might sound a bit weird if you aren’t into it but certain rare/tropical houseplants are a pretty solid investment at the moment if you have basic knowledge of looking after plants

it’s all gone a bit tulip mania in 2020 due to lockdown, certain species of houseplant have increased in value 500-4000% over the last few years, e.g plants that were £5/6 now selling for £2/300.

The ‘bubble’ will probably burst at some point in 2022 but brexit has limited supply from Europe so who knows.

I’ve propagated (aka cut and grown a new plant from) a plant that I bought for £50 a few years ago and have sold the three cloned ones for a total of £450 now on eBay. Not mega bucks but a nice way to earn a bit from one of your hobbies
swede
swede avatar

9504 posts since 21/3/09

3 Jan 2021 19:25
deuce wrote:
sydneyking wrote: Who went big on crypto last year? I have a mate who made over £50k on Bitcoin last year. He said jokingly that it kept him up at night but £50k is effectively another salary for a lot of people
im quite deep into crypto. i go from a millionnaire to pauper from week to week Cool

ripple ≠ crypto

ripple is more like a ponzi scheme when you think about it
swede
swede avatar

9504 posts since 21/3/09

3 Jan 2021 19:28
darko wrote: Don’t know if this is the right thread and might sound a bit weird if you aren’t into it but certain rare/tropical houseplants are a pretty solid investment at the moment if you have basic knowledge of looking after plants

it’s all gone a bit tulip mania in 2020 due to lockdown, certain species of houseplant have increased in value 500-4000% over the last few years, e.g plants that were £5/6 now selling for £2/300.

The ‘bubble’ will probably burst at some point in 2022 but brexit has limited supply from Europe so who knows.

I’ve propagated (aka cut and grown a new plant from) a plant that I bought for £50 a few years ago and have sold the three cloned ones for a total of £450 now on eBay. Not mega bucks but a nice way to earn a bit from one of your hobbies

saw an article on this somewhere - very interesting. the whole house plants industry has boomed over the past few years as more people are renting and are therefore limited in ways they can decorate their homes; further fueled by people spending more time at home during lockdown. saw that some rare monstera (cheese) plants fetch loads now!
EssexBoyII
EssexBoyII avatar

7049 posts since 5/6/07

3 Jan 2021 19:43
Swede mad about Klarna - BOOMER

Why are people worried about something that allows people to spread cost at 0% when the whole basis of credit cards with 0% interest introductory offers are basically the same concept with an almighty APR sting in the tail which is considerably worse?

People even comparing Klarna to payday loans, how can people be so dense?