What are your goals?I'd basically welcome some thoughts the right balance of what I am doing with my income from now on
I wouldn't agree that this is a no brainer. You've enough cash to pay your mortgage off 5 times! How much of that cash is on zero rate, or less than 0.25% return? After tax? I think I'd be paying off the mortgage - simplifies things, and changes your view of risk.I presume it is a no-brainer that I don't pay-off mortgage (based on low tracker rate)?
At the moment stock markets are at a pretty much all time high. This week I needed to purchase some electrical items, laptop, mouse etc. Two of the laptops I wanted were not available. The selection of Mouse available were just a handful.I’d take the rest (i.e. €270k) and create a diversified portfolio of global equities. Then I’d add my €6,500 a month to it.
At the moment stock markets are at a pretty much all time high. This week I needed to purchase some electrical items, laptop, mouse etc. Two of the laptops I wanted were not available. The selection of Mouse available were just a handful.
There has to be supply issues with China. There has to be a knock effect....eventually.....When companies start to issue profit warnings I think the markets will fall back.
I do believe in investing in the stock market is a good thing but I think you really need to time this right.
I would not agree with this. With direct shares, particuarly trying to get global diversity, you'll be dealing with stamp duty when buying/selling but only on certain markets, income tax on dividends but you need to manage withholding taxes which will vary depending on the country and declartions to avoid double taxation in certain markets, CGT on share sales, with a large basket you'll end up involved in some rights issues which again may have tax implications that can be complex if it's say a US company, DRIP/SCRIP schemes will leave you with loads of tranches of shares issued at different prices to when you bought, you'll get lots of interesting invites and requests to vote at AGMs etc etc. Taxation on ETFs is less complex and more transparent than direct shares, it's a single rate and due every 8 years, simple as that.I think I need to divert 75%+ of future savings to investment. I think direct shares - I've looked a bit at ETF but it seems far too complex/grey in tax terms.
At the moment stock markets are at a pretty much all time high. This week I needed to purchase some electrical items, laptop, mouse etc. Two of the laptops I wanted were not available. The selection of Mouse available were just a handful.
There has to be supply issues with China. There has to be a knock effect....eventually.....When companies start to issue profit warnings I think the markets will fall back.
I do believe in investing in the stock market is a good thing but I think you really need to time this right.
I do believe in investing in the stock market is a good thing but I think you really need to time this right.
Thanks @Gordon Gekko
I would not want to do a big, single investment/transfer into anything. That just seems like point-in-time gambling. I was more thinking of averaging-in future cash.
I would have thought that the Corona virus would have had a knock on effect on the market eventually. So by holding back for the moment might seem a sensible thing to do, even a mug might get this one right. Today is only one day in the scheme of things but the markets are already off by 2% this morning. Was this not obvious?The “markets are at all time highs” stuff is utter nonsense. The long-term trend of markets is upwards, so it’s natural for them to hit new highs pretty regularly! If you have a decent time-horizon, strong income, and the ability to add to the portfolio, just get on with it and stay invested. Trying to time the market is a mug’s game.
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