Nice update. If you're maximising your ISAs, have you considered rolling your Vanguard GIA into their SIPP? You'll get the tax relief as well, and if your aim is long term, it could make sense for you. On your company pensions, I take it you've opted out of the default fund and into something 100% equity based, rather than a traditional 60/40 equity/bonds split on a default fund. Looking forward to seeing your progress going forward.
Thanks George! It's a very good point and as my income increases over £100k I'm actually putting more into my pension via work to avoid the 60% effective tax rate, something I will definitely look into. Luckily my company has a fund where it adapts to your age and increases bonds over time, but already changed to 100% equity anyway :)
Great video. I assume the 9% pension growth includes your contributions. Compounding is great. I started in 2020 with 90k and now 400k. Maxing out each year.
Thanks - yes the growth includes any contributions. That's fantastic gains, the bigger my portfolio gets the more I'm inclined to put money in index funds rather than risk it with individual stocks.
Really interesting, thanks for sharing :) I track mine and my wife's portfolio in a similar way, although we have DB pensions rather than DC, so it involves a bit of guesswork sometimes!
Thanks for the comment Tom - yes I've only started doing this recently, allows you to take a step back and analyse how far along we are in our retirement journey!
Nice update.
If you're maximising your ISAs, have you considered rolling your Vanguard GIA into their SIPP?
You'll get the tax relief as well, and if your aim is long term, it could make sense for you.
On your company pensions, I take it you've opted out of the default fund and into something 100% equity based, rather than a traditional 60/40 equity/bonds split on a default fund.
Looking forward to seeing your progress going forward.
Thanks George! It's a very good point and as my income increases over £100k I'm actually putting more into my pension via work to avoid the 60% effective tax rate, something I will definitely look into. Luckily my company has a fund where it adapts to your age and increases bonds over time, but already changed to 100% equity anyway :)
Great video. I assume the 9% pension growth includes your contributions.
Compounding is great. I started in 2020 with 90k and now 400k. Maxing out each year.
Thanks - yes the growth includes any contributions. That's fantastic gains, the bigger my portfolio gets the more I'm inclined to put money in index funds rather than risk it with individual stocks.
I smell a porky. 90k to 400k in four years is not possible.
Great video. What industry do you work in if you don't mind me asking?
Thanks for the comment - I work within the IT field.
Really interesting, thanks for sharing :) I track mine and my wife's portfolio in a similar way, although we have DB pensions rather than DC, so it involves a bit of guesswork sometimes!
Thanks for the comment Tom - yes I've only started doing this recently, allows you to take a step back and analyse how far along we are in our retirement journey!
How long have you been investing for?
Adding to pension for about 9-10 years, the rest since Dec 2019.
Who do you work for? 12%??? That's amazing
Due to privacy reasons I won't mention the exact company but yes 12% is ridiculous and one of the key reasons why I'm planning on staying!
Banks pay 12%😅@@snowballinvesting3475
Coinbase? Superb. Really impressed.