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Originally posted by GhostofTarbera View PostGreat advice I’ve borrowed £20K at 38% APR. what ISA should I invest in ?
Sent from my iPhone using Contractor UK Forum
Loans are like 4%.
My point(which I’m sure you’re aware of) is that you get £20k ISA allowance a year..if you don’t use it..its gone.
Stocks and Shares ISA..drip it in.
Ok, so for example..say you and your wife can put in full allowance a year..makes 10% return..which is bang average..
Year 1 - £44,000
Year 2 - £92,400
Year 3 - £145,540
Year 4 - £204,094
Year 5 - £268,503
Year 6 - £339,353
Year 7 - £417,289
Year 8 - £503,018
Year 9 - £597,319
Year 10 - £701,051
Retire on £70k tax free a year ..maintaining your capital. One year, you need to dip into the pot, but then the next year you might make more interest.
If you can get 15% a year then that’s £933k Year 10 and £140k
Anyway..DYOR as usual, but that’s my strategy based on growth, if people want income, then go for the high paying dividend funds and ITs.
Plenty of people do this to some extent, and a guy called Einstein knew a bit about maths and compound interest..
“Compound interest is the 8th wonder of the world. He who understands it earns it; he who doesn’t, pays it.”Comment
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Originally posted by scooterscot View PostPowerful words.
I have a target. I've bet big on it as you know.
If there isn’t another “full” lockdown, and if more good vaccine news comes, your toast.
It’s a massive gamble.
Anyway, I’ve sold my THRG.L this morning, and hoping my Fundsmith doesn’t tank too much before the order goes through.
This is to just free up some money in case the rest of my portfolio drops a lot more, when I’ll top up again.
Wanted to get rid of Fundsmith anyway, as I have SSON which has a similar strategy albeit with smaller companies.Last edited by BABABlackSheep; 21 September 2020, 09:23.Comment
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Originally posted by TheGreenBastard View PostPut up or shut up.
Search the thread, it is well publicised."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostIf 5720 does not stop the current plummet (the current support) then that'll be very interesting.---
Former member of IPSE.
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Many a mickle makes a muckle.
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Originally posted by LondonPM1 View PostAre you long or short and which index. I’m highly negative on ftse and sandp. I also think tech will take a haircut. Short gbp as well
This is worse then 2008. I expect ftse to go sub 5000
This is a continuation of 2008. Still a debt bubble just as it was then. Deflation will come soon enough, before the year end. It'll create a huge number of opportunities, I hope the young get a chance to grab with both hands, they've been shafted over royally."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by LondonPM1 View PostAre you long or short and which index. I’m highly negative on ftse and sandp. I also think tech will take a haircut. Short gbp as well
This is worse then 2008. I expect ftse to go sub 5000I am what I drink, and I'm a bitter manComment
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Originally posted by wattaj View PostThe rebound coincided almost exactly with this post. How do you do that?
Rebound? What?? What are you studying the 5 second chart or something?"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostSearch the thread, it is well publicised.Comment
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Originally posted by Whorty View PostLet's hope so - I have some cash to put in and be quite nice to buy in low again"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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