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


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Sayword
Sayword avatar

5419 posts since 1/4/07

4 Jan 2021 02:50
Blofeld wrote: I realise this is hugely subjective based on your level of financial knowledge, but interested to hear personal opinions:

For those who invest a good part of your portfolio actively (e.g. ETF investing or stock picking on Trading 212) as opposed to entirely passively (e.g. investing in a Vanguard mutual fund) - do you generally find that the time and risk is worth it?
im active now so that my portfolio will be completely passive in a few years.

Build it put it in a long term, whether it be real estate, mutual funds, bitcoin, gold, iras, company stock, etc.
andymakesglasses
andymakesglasses avatar

20592 posts since 26/1/06

4 Jan 2021 09:19
swede wrote: fuk.co.uk is basically the antithesis of FIRE

"Investment pieces."
sydneyking
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5032 posts since 26/9/09

4 Jan 2021 11:55
Laughing out loud true
morning mist
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3507 posts since 29/5/05

4 Jan 2021 12:00
i'm all in on gold bitcoins
Blofeld
Blofeld avatar

260 posts since 30/12/15

4 Jan 2021 18:30
interesting points!
darko
darko avatar

1065 posts since 4/10/12

posted 6 Jan 2021 07:43, edited 6 Jan 2021 07:43
On fuk’s recommendation have been doing a load of reading on Reddit and a few Facebook groups regarding saving and investing. Very interesting and starting to get my head around things.

One thing I haven’t found though is an up to date UK specific guide to ‘how much to save up, where to put it and what order to save in’. Have seen some that are US-focused but not too helpful.

I’d assume it’s best to pay off debts first, then put money into your pension (if you have one), then add to emergency fund (ISA?) then long term investments (bonds, ETFs?).

Can anyone point me in the direction of a resource on this or explain your approach? I am in my 20s and earn an average salary around £30k, so if you are stacked to the rafters with vintage porsches it might be a little bit different Laughing out loud
Ocin
Ocin avatar

1391 posts since 4/6/04

6 Jan 2021 07:58
The UK Personal Finance Flowchart is a great starting point: https://i.imgur.com/BfHzwr9.png

From here: https://www.reddit.com/r/UKPersonalFinance/comments/71htbq/uk_personal_finance_flowchart/
ginner
ginner avatar

325 posts since 15/4/14

6 Jan 2021 08:33

darko wrote: On fuk’s recommendation have been doing a load of reading on Reddit and a few Facebook groups regarding saving and investing. Very interesting and starting to get my head around things.

One thing I haven’t found though is an up to date UK specific guide to ‘how much to save up, where to put it and what order to save in’. Have seen some that are US-focused but not too helpful.

I’d assume it’s best to pay off debts first, then put money into your pension (if you have one), then add to emergency fund (ISA?) then long term investments (bonds, ETFs?).

Can anyone point me in the direction of a resource on this or explain your approach? I am in my 20s and earn an average salary around £30k, so if you are stacked to the rafters with vintage porsches it might be a little bit different Laughing out loud

All depends on the cost of your debt, saving objectives, employer pension contributions etc.

If you have expensive debt (over 4-5%) then clearing it isn't the worst idea in the world but you are in your 20's so get comfortable with debt, because you can use it to your advantage later on.

Investing in pension in your 20's and making sure you pension is invested in a high risk, high return portfolio is a great winner as compounding between now and 40-50 years from now will, even at an average return of 5%, mean every £ you put in now is worth a lot more. If you can achieve a 10% return annualised you double your money every 7 years with compounding so by the time you run that over 50 years your £100 saved now becomes nearly £12k just with returns. at a 5% return you double it every 15 years and it turns into £1100 or so at year 50. Squeeze out consistent returns and they will benefit you massively.

If you want to use you funds in future (house deposit etc) you may as well save as much as you can in an ISA or even out of an ISA (you only pay tax on gains over £3k realised in any financial year, you pay none in an ISA) and then look to get as best a return as you can. Aim to buy and hold shares or funds for 5 years minimum. Trading too frequently is a briliant way to reduce your returns. Have courage in your own conviction or put your money into somewhere where they have a track records of good (and consistent) returns.
Byte
Byte avatar

3032 posts since 16/6/10

27 Jan 2021 15:56
I'm sure Swede or someone said they were invested in AMC or cinema stocks. Crazy day.
swede
swede avatar

9837 posts since 21/3/09

27 Jan 2021 16:06
na but did go in on blackberry last week

obv wish that had been amc or gme..
RickRude
RickRude avatar

3891 posts since 13/1/12

27 Jan 2021 17:29
GME story is funny af
Razorlight123
Razorlight123 avatar

4977 posts since 13/1/10

27 Jan 2021 17:49
swede wrote: na but did go in on blackberry last week

obv wish that had been amc or gme..

I was tempted to go into BBerry or Nokia…
swede
swede avatar

9837 posts since 21/3/09

27 Jan 2021 18:12
did nokia yesterday too

gamestop, nokia, blackberry. its like the early 2000s again
Mosoona
Mosoona avatar

388 posts since 25/5/15

27 Jan 2021 18:21
All the volume has properly crippled Trading 212
willesdengreen
willesdengreen avatar

647 posts since 10/6/10

27 Jan 2021 21:09
whats the best uk alternative to robinhood ? 212 ?
Rez
Rez avatar

8683 posts since 5/4/09

posted 27 Jan 2021 21:33, edited 27 Jan 2021 21:33
Yep although it went down today for ages!

Pm me for a referral code if anyone's interested in starting tomorrow
Byte
Byte avatar

3032 posts since 16/6/10

27 Jan 2021 22:01
willesdengreen wrote: whats the best uk alternative to robinhood ? 212 ?
I'm using Freetrade, it's an app only system on Apple and Android. If you sign up using my link you can get a random free stock worth up to £200. Full disclosure, they will send me a random free stock too if you sign up and deposit.
https://magic.freetrade.io/join/alistair/1dd01e8d
quest
quest avatar

3690 posts since 11/7/11

27 Jan 2021 22:34
I’m uneducated, will Melvin flop at some point
ginner
ginner avatar

325 posts since 15/4/14

28 Jan 2021 06:52
GME and AMC down 25% or so in pretrade I think so might be unravelling quickly as people take profit. TSLA down 7% and S&P taking a battering as wider market. Could be a small adjustment or could be turn in the market. Impossible to know. Anyone saying different is bullshitting.

There is an index that measures volatility in the market called the VIX. Its currently higher than it has been since November when there was a small wobble but half of what it was in March 2020 or back in 2008. Still very high relative to average over last decade. Where there is volatility there is money to be made and lost!
darko
darko avatar

1065 posts since 4/10/12

posted 28 Jan 2021 06:56, edited 28 Jan 2021 06:56
All of the meme stocks are down after hours, not premarket ^^ don’t think it’s the WSB’ers taking profits either it’ll be the big guys scaring people.

AMC is the second most shorted behind GME so makes most sense to get in on that one if you are going to join in. Shorts will be covering from tomorrow for a number of days so should hopefully drive the price up more.

I’m in with £350 or so on AMC at a average of 16 dollars a share. It’ll either go horribly wrong or be a fun time in history to be part of and might make a little bit of money

If you want to read more on AMC or the other meme stocks that aren’t GME, r/wallstreetbetsnew and stocktwits are good