coolaboola12
Registered User
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Thanks for that but I suppose that's risky as I would only own a few stocks and I would have to hand pick them myselfJust buy a diverse portfolio of shares directly.
Brendan
I wouldn’t say it’s impossible to generate a reasonable return over the long term but tax and costs are certainly major headwinds.Is it generally people's opinion that the standard life route is a rip off and almost impossible to make money ?
Pension is 100% equities. Just not sure what to do with the leftover monthly cash. I have 100k on deposit already . Home is rated A3 alreadyI wouldn’t say it’s impossible to generate a reasonable return over the long term but tax and costs are certainly major headwinds.
How is your pension invested?
One approach is to keep your pension invested largely (or wholly) in equities and to just keep your after-tax savings on deposit.
Also, is there any work you could do on your home to make it more energy efficient?
I suppose that's risky as I would only own a few stocks
Pension is 100% equities.
I don't think that anybody has claimed that - the SL funds are perfectly good products but it's much more cost effective and tax efficient to hold shares directly compared to invsting via a unit linked fund.Is it generally people's opinion that the standard life route is a rip off and almost impossible to make money ?
Does it look like you’ll hit the max pension threshold ? If so I’d start spending more to be honestHi all
I'm maxing pension and mortgage free and fortunately generating 1500 a month surplus cash and would like opinions on what to do with it. I have a high 5 figure lump sum in AIB so don't just want to save it as cash
I can't decide what to do :
1. Go down the etf route with the taxes and hassle
2. Buy monthly investment trusts with the currency conversion and fees and CGT
3. Just pay into a standard life fund tracking the world index
Any opinions greatly appreciated
I think people in this thread mean standard 'Life' funds rather than "Standard Life" funds.I don't think that anybody has claimed that - the SL funds are perfectly good products but it's much more cost effective and tax efficient to hold shares directly compared to invsting via a unit linked fund.
Luckily I have a decent salaryDoes it look like you’ll hit the max pension threshold ? If so I’d start spending more to be honest
Fcit has returned 30% over last 5 years, that's 6% a year. When you take into account costs, currency and CGT there is almost nothing leftA global Investment Trust is a decent bet. Or build your own portfolio of global franchises. Clearly, that doesn’t mean throwing darts at start-ups.
If someone said to you, I’ve just invested €100,000 in, say, Microsoft, Apple, Diageo, Ryanair, JP Morgan, LVMH, Johnson & Johnson, BP, Nestle, Visa, Coca-Cola, Astrazeneca, Disney, McDonalds, and Nike, you wouldn’t be swinging for them.
I did the 2022 avc already, thanks for that idea. I do like the thought of the standard life policy from an admin point of view but I suppose I'm just worried that with the charges plus the 41% then I'll actually lose money@coolaboola12
Have you ever completed a full money makeover? You tend to pose questions as very binary options, rather than looking at them holistically.
I remember you discussed pensions earlier in the year and had not been maximising AVCs previously. Do you have scope to make a 1 off AVC for 2022 before the end of this month? Earlier this year your pension 'pot' wasn't large relative to your non pension savings.
Don't completely discount the life assurance company route; for example I use one to transfer wealth to my children through a bare trust structure. Yes there are charges, but I set it up and forget about it for 18 years.
I mean the fund that tracks the vanguard global index for exampleI think people in this thread mean standard 'Life' funds rather than "Standard Life" funds.
Without talking about the merits of a specific trust, the costs (broker charges, FX conversion) are only when you buy & sell. CGT is only payable when you sell, and is only taxed on the profit. If you don't sell, growth keeps compounding. The only ongoing tax will be on dividend payouts, taxed as income.Fcit has returned 30% over last 5 years, that's 6% a year. When you take into account costs, currency and CGT there is almost nothing left
So the trusts are a better idea than standard life ? Those two are the ones in most interested in I thinkWithout talking about the merits of a specific trust, the costs (broker charges, FX conversion) are only when you buy & sell. CGT is only payable when you sell, and is only taxed on the profit. If you don't sell, growth keeps compounding. The only ongoing tax will be on dividend payouts, taxed as income.
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