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Savings and Investments thread
Comments
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£75 for the wife, £25 for junior and bugger all for me
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Mr F £75, Mrs F zero.0
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Has anyone ever heard of, or have any experience with
https://findukproperty.com/
or could someone who has an eye for a scam / legit opportunity please have a look for me.0 -
The fact you appear to have to pay a £3,000 “reservation fee” would ring alarm bells. There are and have been a number of these house search companies around. I would not buy a property without viewing it. Unless you know someone who has successfully used them for a few years, be wary. There are some good property search/management companies around but there are others to steer clear of.Stu_of_Kunming said:Has anyone ever heard of, or have any experience with
https://findukproperty.com/
or could someone who has an eye for a scam / legit opportunity please have a look for me.0 -
I didnt read it all but to me it looks likeStu_of_Kunming said:Has anyone ever heard of, or have any experience with
https://findukproperty.com/
or could someone who has an eye for a scam / legit opportunity please have a look for me.
1) it's for investors (BTL's) on cheap properties so probably lowish rents. Not too much risk buying a 2 bed terrace house in burnley for £120k. Different gravy buying a 2 bed flat in London to rent out.
2) lots of "portfolio landlords" have been ditching properties since Covid - rent arrears & new tax rules haven't made it that profitable since 2020. Lots of cheap stock around ip North.
Personally I wouldn't touch it with a barge poke. Property as an investment is probably about 5th on the list when it comes to investment opportunities. Very tax inefficient & not very liquid. Now the tax breaks have ceased & CGT has been frozen you are stuffed if you are a 40% taxpayer.0 -
imo worst time possible to be investing in property right now. Maybe wait a year or two.0
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fancy some higher saving rates? fluidfi.ch are launching their mobile app on june 1st with 6% annual interest paid daily on their fluid "digital cash" accounts. Same banking partner as revolut (currency cloud) and they're backed by billionaire alex vik.0
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Well that was an interesting read. Being a cautious old git, I'm a bit sceptical. I don't know how they would fund savings rates of 6% when AFAIK no major central bank has interest rates anywhere near that (as it happens the Czech National Bank is currently at 5.75% and the max I get on easy access deposit is 3.3%).kentaddick said:fancy some higher saving rates? fluidfi.ch are launching their mobile app on june 1st with 6% annual interest paid daily on their fluid "digital cash" accounts. Same banking partner as revolut (currency cloud) and they're backed by billionaire alex vik.
I'm trying to not be too much of an old gitt but I read this on th site and shivered a bit : "Fluid Finance isn’t really a company. It is more of a movement.". I think the shiver is because currently I'm watching WeCrashed, the Apple drama about WeWork and that's word-for-word Adam Neumann's pitch!0 -
Cheers golfie, it would be viewed as long term investment, mortgage free and up north.golfaddick said:
I didnt read it all but to me it looks likeStu_of_Kunming said:Has anyone ever heard of, or have any experience with
https://findukproperty.com/
or could someone who has an eye for a scam / legit opportunity please have a look for me.
1) it's for investors (BTL's) on cheap properties so probably lowish rents. Not too much risk buying a 2 bed terrace house in burnley for £120k. Different gravy buying a 2 bed flat in London to rent out.
2) lots of "portfolio landlords" have been ditching properties since Covid - rent arrears & new tax rules haven't made it that profitable since 2020. Lots of cheap stock around ip North.
Personally I wouldn't touch it with a barge poke. Property as an investment is probably about 5th on the list when it comes to investment opportunities. Very tax inefficient & not very liquid. Now the tax breaks have ceased & CGT has been frozen you are stuffed if you are a 40% taxpayer.
not a taxpayer at all in the UK, would that change things?
a bit of context of my current situation, that might help with a suggestion of where else I can put my money.Have savings spread across some tracker funds, eu, asia and America, wife and I own an apartment here and another is currently being built, both mortgage free, value probably around £160k combined, have what I consider to be too much cash sitting doing nothing (I can’t buy premium bonds as not a UK resident), so the guaranteed 6% income per year seems quite attractive. Especially as it would be my only UK income.With my current job I add around 1k to the savings pot per month.0 -
Not updated for a while - but just for Prague as at close yesterday;
Name Level Variance % Variance PragueAddick 7533 10.25 0.14% StrikerFirmani 7510 12.75 0.17% LargeAddick 7547 24.25 0.32% Gary Poole 7574 51.25 0.68% holyjo 7594 71.25 0.95% Rob7Lee 7605 82.25 1.09% Thread Killer 7437 85.75 1.14% @TelMc32 7621 98.25 1.31% WishIdStayedInThe Pub 7634 111.25 1.48% Addick Addict 7652 129.25 1.72% TheGhostofTomHovi 7666 143.25 1.90% fat man on a moped 7675 152.25 2.02% Bangkokaddick 7686 163.25 2.17% thecat 7690 167.25 2.22% RalphMilne 7702 179.25 2.38% meldrew66 7337 185.75 2.47% Daarrrzzettbum 7717 194.25 2.58% Covered End 7721 198.25 2.64% golfaddick 7730 207.25 2.75% Housty 7747 224.25 2.98% Pedro45 7297 225.75 3.00% Salad 7750 227.25 3.02% MrOneLung 7270 252.75 3.36% IdleHans 7777 254.25 3.38% Fortune 82nd Minute 7250 272.75 3.63% CAFCWest 7799 276.25 3.67% valleynick66 7801 278.25 3.70% Lonelynorthernaddick 7845 322.25 4.28% CharltonKerry 7860 337.25 4.48% blackpool72 7880 357.25 4.75% HardyAddick 7892 369.25 4.91% bobmunro 7897 374.25 4.97% gunnessaddick 7936 413.25 5.49% Hoof_it_up_to_benty 7100 422.75 5.62% wwaddick 8002 479.25 6.37% Er_Be_Ab_Pl_Wo_Wo_Ch 8250 727.25 9.67% oohaahmortimer 6789 733.75 9.75% 0 - Sponsored links:
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well if I win this one, that would be hilarious because it would imply that I foresaw Putin’s war, that inflation would outpace all recent central bank deployment of tools to rein it in, and that the main beneficiaries stock-wise would be the climate-trashing energy and commodities companies who dominate FTSE100.Quite obviously, none of these things were remotely on my radar (maybe inflation a bit, but see below). I haven’t been more uncertain about investment for a long time than I am now. A couple of crises back (2008, and earlier) i decided to sit tight with my funds, but that was when I had 15 years or more of work ahead of me. I dont have that long term outlook at this stage and its unsettling. I survey the damage to funds which either are tech or have too much tech in them, and tell myself that companies like Microsoft, Apple and Intel are solid and not going anywhere. Google? (Or Alphabet) not so sure. Facebook (Meta, oh prrrlease…)? Run by a bloke who set it up because he couldnt pull girls. That sort of stuff - about people at the top of companies - matters more than people are sometimes prepared to admit. ( (See -again - WeWork, watch WeCrashed on Apple TV)
Upshot. For us mug punters, there’s an awfuĺ lot of luck when we do make money. That’s why I’m cautious about money generally, and especially stuff like crypto. I do have one piece of luck. Just under three years ago the Czech Republic issued six-year bonds paying inflation rate +0.5%. I stuck 4k in basically as little more than a gesture of faith in the country I was applying for citizenship of. Inflation started to pick up a bit last year since there is a long term labour shortage here. 2.0, 2.5%., all earning compound interest. Now? We have the worst inflation rate in Europe, at 14%. It’s easily my best performer of 2022🤣4 -
They're utilising their single point liquidity pools, where you'll be able to buy tokenised stocks (and/or anything tokenised they'll offer), you'll be charged a small fee to buy/sell them, that fee then gets distributed to fluid account holders as interest and also the company for profit (obviously). It's the same principles of DeFi, where you stake your stablecoins on a decentralised protocol for x % of APY, except this time it isn't so decentralised (so takes out the risk of using these protocols) and your money is insured 100% by lloyds of london from fraud or theft. The american bank accounts will be FDIC insured too. This is Web3 meets traditional banking. They neatly fill the niche this economist article is talking about https://www.economist.com/weeklyedition/2021-09-18PragueAddick said:
Well that was an interesting read. Being a cautious old git, I'm a bit sceptical. I don't know how they would fund savings rates of 6% when AFAIK no major central bank has interest rates anywhere near that (as it happens the Czech National Bank is currently at 5.75% and the max I get on easy access deposit is 3.3%).kentaddick said:fancy some higher saving rates? fluidfi.ch are launching their mobile app on june 1st with 6% annual interest paid daily on their fluid "digital cash" accounts. Same banking partner as revolut (currency cloud) and they're backed by billionaire alex vik.
I'm trying to not be too much of an old gitt but I read this on th site and shivered a bit : "Fluid Finance isn’t really a company. It is more of a movement.". I think the shiver is because currently I'm watching WeCrashed, the Apple drama about WeWork and that's word-for-word Adam Neumann's pitch!
IIRC the website is getting overhauled for june 1st, so wording may change.0 -
If you are registered as a NRL (Non Resident Landlord) you will have to complete and submit an annual self-assessment to HMRC, but doubtful you will have to pay any tax. If you're not NRL you will pay tax on the earnings at source (approx 10%) assuming you will have it managed.Stu_of_Kunming said:
Cheers golfie, it would be viewed as long term investment, mortgage free and up north.golfaddick said:
I didnt read it all but to me it looks likeStu_of_Kunming said:Has anyone ever heard of, or have any experience with
https://findukproperty.com/
or could someone who has an eye for a scam / legit opportunity please have a look for me.
1) it's for investors (BTL's) on cheap properties so probably lowish rents. Not too much risk buying a 2 bed terrace house in burnley for £120k. Different gravy buying a 2 bed flat in London to rent out.
2) lots of "portfolio landlords" have been ditching properties since Covid - rent arrears & new tax rules haven't made it that profitable since 2020. Lots of cheap stock around ip North.
Personally I wouldn't touch it with a barge poke. Property as an investment is probably about 5th on the list when it comes to investment opportunities. Very tax inefficient & not very liquid. Now the tax breaks have ceased & CGT has been frozen you are stuffed if you are a 40% taxpayer.
not a taxpayer at all in the UK, would that change things?
a bit of context of my current situation, that might help with a suggestion of where else I can put my money.Have savings spread across some tracker funds, eu, asia and America, wife and I own an apartment here and another is currently being built, both mortgage free, value probably around £160k combined, have what I consider to be too much cash sitting doing nothing (I can’t buy premium bonds as not a UK resident), so the guaranteed 6% income per year seems quite attractive. Especially as it would be my only UK income.With my current job I add around 1k to the savings pot per month.0 -
As an actual landlord, I had to pay UK tax on rental of my house, despite being declared and accepted as tax non-resident. It was, apparently, because the revenue was derived in the UK and I had no room for manoevre with HMRC ( I use the same very reliable accountants for over 30 years). I also have to pay CGT on the sale. But I guess you’ve assumed the revenue Stu would earn from this would not breach the tax- free allowance (which applies to non-residents too) ?QatarNapsy said:
If you are registered as a NRL (Non Resident Landlord) you will have to complete and submit an annual self-assessment to HMRC, but doubtful you will have to pay any tax. If you're not NRL you will pay tax on the earnings at source (approx 10%) assuming you will have it managed.Stu_of_Kunming said:
Cheers golfie, it would be viewed as long term investment, mortgage free and up north.golfaddick said:
I didnt read it all but to me it looks likeStu_of_Kunming said:Has anyone ever heard of, or have any experience with
https://findukproperty.com/
or could someone who has an eye for a scam / legit opportunity please have a look for me.
1) it's for investors (BTL's) on cheap properties so probably lowish rents. Not too much risk buying a 2 bed terrace house in burnley for £120k. Different gravy buying a 2 bed flat in London to rent out.
2) lots of "portfolio landlords" have been ditching properties since Covid - rent arrears & new tax rules haven't made it that profitable since 2020. Lots of cheap stock around ip North.
Personally I wouldn't touch it with a barge poke. Property as an investment is probably about 5th on the list when it comes to investment opportunities. Very tax inefficient & not very liquid. Now the tax breaks have ceased & CGT has been frozen you are stuffed if you are a 40% taxpayer.
not a taxpayer at all in the UK, would that change things?
a bit of context of my current situation, that might help with a suggestion of where else I can put my money.Have savings spread across some tracker funds, eu, asia and America, wife and I own an apartment here and another is currently being built, both mortgage free, value probably around £160k combined, have what I consider to be too much cash sitting doing nothing (I can’t buy premium bonds as not a UK resident), so the guaranteed 6% income per year seems quite attractive. Especially as it would be my only UK income.With my current job I add around 1k to the savings pot per month.0 -
I’d be looking at less than 10k a year.PragueAddick said:
As an actual landlord, I had to pay UK tax on rental of my house, despite being declared and accepted as tax non-resident. It was, apparently, because the revenue was derived in the UK and I had no room for manoevre with HMRC ( I use the same very reliable accountants for over 30 years). I also have to pay CGT on the sale. But I guess you’ve assumed the revenue Stu would earn from this would not breach the tax- free allowance (which applies to non-residents too) ?QatarNapsy said:
If you are registered as a NRL (Non Resident Landlord) you will have to complete and submit an annual self-assessment to HMRC, but doubtful you will have to pay any tax. If you're not NRL you will pay tax on the earnings at source (approx 10%) assuming you will have it managed.Stu_of_Kunming said:
Cheers golfie, it would be viewed as long term investment, mortgage free and up north.golfaddick said:
I didnt read it all but to me it looks likeStu_of_Kunming said:Has anyone ever heard of, or have any experience with
https://findukproperty.com/
or could someone who has an eye for a scam / legit opportunity please have a look for me.
1) it's for investors (BTL's) on cheap properties so probably lowish rents. Not too much risk buying a 2 bed terrace house in burnley for £120k. Different gravy buying a 2 bed flat in London to rent out.
2) lots of "portfolio landlords" have been ditching properties since Covid - rent arrears & new tax rules haven't made it that profitable since 2020. Lots of cheap stock around ip North.
Personally I wouldn't touch it with a barge poke. Property as an investment is probably about 5th on the list when it comes to investment opportunities. Very tax inefficient & not very liquid. Now the tax breaks have ceased & CGT has been frozen you are stuffed if you are a 40% taxpayer.
not a taxpayer at all in the UK, would that change things?
a bit of context of my current situation, that might help with a suggestion of where else I can put my money.Have savings spread across some tracker funds, eu, asia and America, wife and I own an apartment here and another is currently being built, both mortgage free, value probably around £160k combined, have what I consider to be too much cash sitting doing nothing (I can’t buy premium bonds as not a UK resident), so the guaranteed 6% income per year seems quite attractive. Especially as it would be my only UK income.With my current job I add around 1k to the savings pot per month.1 -
Yeah exactly.PragueAddick said:
As an actual landlord, I had to pay UK tax on rental of my house, despite being declared and accepted as tax non-resident. It was, apparently, because the revenue was derived in the UK and I had no room for manoevre with HMRC ( I use the same very reliable accountants for over 30 years). I also have to pay CGT on the sale. But I guess you’ve assumed the revenue Stu would earn from this would not breach the tax- free allowance (which applies to non-residents too) ?QatarNapsy said:
If you are registered as a NRL (Non Resident Landlord) you will have to complete and submit an annual self-assessment to HMRC, but doubtful you will have to pay any tax. If you're not NRL you will pay tax on the earnings at source (approx 10%) assuming you will have it managed.Stu_of_Kunming said:
Cheers golfie, it would be viewed as long term investment, mortgage free and up north.golfaddick said:
I didnt read it all but to me it looks likeStu_of_Kunming said:Has anyone ever heard of, or have any experience with
https://findukproperty.com/
or could someone who has an eye for a scam / legit opportunity please have a look for me.
1) it's for investors (BTL's) on cheap properties so probably lowish rents. Not too much risk buying a 2 bed terrace house in burnley for £120k. Different gravy buying a 2 bed flat in London to rent out.
2) lots of "portfolio landlords" have been ditching properties since Covid - rent arrears & new tax rules haven't made it that profitable since 2020. Lots of cheap stock around ip North.
Personally I wouldn't touch it with a barge poke. Property as an investment is probably about 5th on the list when it comes to investment opportunities. Very tax inefficient & not very liquid. Now the tax breaks have ceased & CGT has been frozen you are stuffed if you are a 40% taxpayer.
not a taxpayer at all in the UK, would that change things?
a bit of context of my current situation, that might help with a suggestion of where else I can put my money.Have savings spread across some tracker funds, eu, asia and America, wife and I own an apartment here and another is currently being built, both mortgage free, value probably around £160k combined, have what I consider to be too much cash sitting doing nothing (I can’t buy premium bonds as not a UK resident), so the guaranteed 6% income per year seems quite attractive. Especially as it would be my only UK income.With my current job I add around 1k to the savings pot per month.
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Not heard of any compensation around opting out of SERPS but it could well be due to general pension mis-selling. I do recall some ambulance chasers a couple of years ago advertising that they could get compo for all sorts of financial misdemeanors but most are just on a fishing expedition.Showmetheway2gohome said:Mrs had hairdresser round yesterday said her husband is getting paid out £55 000 compensation for opting out or in off serps.Remember this in 80s 90s can’t remember if I opted out or in pension didn’t really bother me them days.Anyone know anything about this or how you can check to see if your entitled anything.
Remember, people tell you all sorts of things, and most times they aren't 100% sure what they are talking about so I would take anything "a mate down the pub" tells you with a big pinch of salt.
Millions of people in the late 80's and early 90's contracted out of Serps (I know because working for the Pru at the time I signed up a few - got £15 a case). Loads & loads probably only got a couple of years worth of contributions paid into a Personal Pension before they joined an employer based scheme and it stopped.
Thing is, at the time SERPS contributions could only be taken at your NRD and as an income. Subsequent legislation (A Day in 2006 & Pension Freedoms in 2015) have meant SERPS is now just lumped into your personal pension & can be part of your tax free lump sum.
Things change, so what you might have signed up for in 1990 is completely different now.
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Yes, that's the trouble with most IFAs.golfaddick said:
Not heard of any compensation around opting out of SERPS but it could well be due to general pension mis-selling. I do recall some ambulance chasers a couple of years ago advertising that they could get compo for all sorts of financial misdemeanors but most are just on a fishing expedition.Showmetheway2gohome said:Mrs had hairdresser round yesterday said her husband is getting paid out £55 000 compensation for opting out or in off serps.Remember this in 80s 90s can’t remember if I opted out or in pension didn’t really bother me them days.Anyone know anything about this or how you can check to see if your entitled anything.
Remember, people tell you all sorts of things, and most times they aren't 100% sure what they are talking about so I would take anything "a mate down the pub" tells you with a big pinch of salt.
;-)7 -
Premium bonds yesterday. Nothing for me or my eldest daughter, £25 each for Mrs R7L and youngest.
Father in law..... £100 (4x£25).2 -
£25 for me this month.
Every little helps.0 - Sponsored links:
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£25 for me.0
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Poor return here also on the PBs. £25 for me and nothing for the wife and son.0
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The average return on PSB's was increased to 1.4% this week.1
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£25 for my Mum, £75 for me, £100 for my wife. A good month.0
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3 x £25 this month, makes £325 in last 7 months.2
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£50 for Mr F.0
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I'm way below average this past 6 months, even at the old 1%.Covered End said:The average return on PSB's was increased to 1.4% this week.0 -
1 x £25 here0
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4 x £25 and 1 x £50 this month after 2 winless months1
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something has spooked the markets. FTSE100 currently down 130 points (1.75%) after falling 115 point (1.5%) yesterday. European markets down 2% as well.
If America starts falling this afternoon there could be even heavier losses.
My June 30th finishing level of 7730 looks a tad optimistic now.
EDIT.
FTSE now down 2.3%. Dow Jones and S&P down the same. US inflation figures out - 8.6%0
