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Savings and Investments thread
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6 drunken 60 year olds dressed up in Santa costumes at Brands Hatch circuit on a corporate day out.Solidgone said:Can i ask what is a Santa Rally?2 -
Share prices tend to rise to 31st December year end. Fund managers like to see their portfolio price high at year end. Bonus time?Solidgone said:Can i ask what is a Santa Rally?2 -
Some strange things going on with volatility (implying a big sell off in the coming weeks) but it does look like we're going to have a ramp into 7600s for the end of year.
Typically, I was a pessimist for once - never change your strategy!!0 -
Does anyone have any experience with Chase debit cards? Just curious on opinions - thinking of getting a debit card to avail of the 1% cashback and transfer money to it monthly for the general weekly purchases (fuel, shopping, etc) and get a little back from it.0
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I was thinking to do the same. It seems a better deal than other cashback credit cards!LonelyNorthernAddick said:Does anyone have any experience with Chase debit cards? Just curious on opinions - thinking of getting a debit card to avail of the 1% cashback and transfer money to it monthly for the general weekly purchases (fuel, shopping, etc) and get a little back from it.0 -
Yes and its giving you money back for the spending your going to make anyway - I currently use a revolut which takes spare change from your spending and puts it into a side pot for you, and has good exchange rates for any trips away, but a Chase card seems more useful if its going to be giving me money back rather than storing my own money elsewhere.Morboe said:
I was thinking to do the same. It seems a better deal than other cashback credit cards!LonelyNorthernAddick said:Does anyone have any experience with Chase debit cards? Just curious on opinions - thinking of getting a debit card to avail of the 1% cashback and transfer money to it monthly for the general weekly purchases (fuel, shopping, etc) and get a little back from it.
I'm sure I seen people discussing Chase somewhere but couldn't remember which thread it was in.0 -
LonelyNorthernAddick said:Does anyone have any experience with Chase debit cards? Just curious on opinions - thinking of getting a debit card to avail of the 1% cashback and transfer money to it monthly for the general weekly purchases (fuel, shopping, etc) and get a little back from it.
I've got one. Can't see any downside to having one and now use it for all my purchases, steadily building up the cashback pot
Also set up a savings account within the app to have a separate fscs source up to £85k. The interest rate has been 2.1%, but is increasing to 2.7% from 4th Jan.2 -
Thanks Super!superclive98 said:LonelyNorthernAddick said:Does anyone have any experience with Chase debit cards? Just curious on opinions - thinking of getting a debit card to avail of the 1% cashback and transfer money to it monthly for the general weekly purchases (fuel, shopping, etc) and get a little back from it.
I've got one. Can't see any downside to having one and now use it for all my purchases, steadily building up the cashback pot
Also set up a savings account within the app to have a separate fscs source up to £85k. The interest rate has been 2.1%, but is increasing to 2.7% from 4th Jan.0 -
I'll second this. I have one and the app is excellent and they have webchat for customer service that I've found really useful. They also have a facility called round-up (like Revolut) that rounds up any odd pence to the neaerest pound and puts it in a seperate pot that they pay 5% on.superclive98 said:LonelyNorthernAddick said:Does anyone have any experience with Chase debit cards? Just curious on opinions - thinking of getting a debit card to avail of the 1% cashback and transfer money to it monthly for the general weekly purchases (fuel, shopping, etc) and get a little back from it.
I've got one. Can't see any downside to having one and now use it for all my purchases, steadily building up the cashback pot
Also set up a savings account within the app to have a separate fscs source up to £85k. The interest rate has been 2.1%, but is increasing to 2.7% from 4th Jan.1 -
They pay 5% on the roundups? If i wasn't sold before - i'm sold now! Thanks for the app info too. Will probably just keep my revolut around for travelling then!CafcWest said:
I'll second this. I have one and the app is excellent and they have webchat for customer service that I've found really useful. They also have a facility called round-up (like Revolut) that rounds up any odd pence to the neaerest pound and puts it in a seperate pot that they pay 5% on.superclive98 said:LonelyNorthernAddick said:Does anyone have any experience with Chase debit cards? Just curious on opinions - thinking of getting a debit card to avail of the 1% cashback and transfer money to it monthly for the general weekly purchases (fuel, shopping, etc) and get a little back from it.
I've got one. Can't see any downside to having one and now use it for all my purchases, steadily building up the cashback pot
Also set up a savings account within the app to have a separate fscs source up to £85k. The interest rate has been 2.1%, but is increasing to 2.7% from 4th Jan.0 - Sponsored links:
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I'll add to the positive feedback - Chase is a very good product and the 2.7% (from 4 Jan) on their instant access savings is competitive.2
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Well it could of gone to one of about 15 people the last couple of days But this half years prize goes to Blackpool who was just 1.74 points out!
FTSE100 Level 7,451.74 Name Level Variance % Variance blackpool72 7450 1.74 0.02% TheGhostofTomHovi 7476 24.26 0.33% Bangkokaddick 7415 36.74 0.49% Covered End 7412 39.74 0.53% RalphMilne 7496 44.26 0.59% Lonelynorthernaddick 7500 48.26 0.65% bobmunro 7398 53.74 0.72% CharltonKerry 7375 76.74 1.03% holyjo 7543 91.26 1.22% CAFC, we hate palace 7550 98.26 1.32% StrikerFirmani 7550 98.26 1.32% LargeAddick 7347 104.74 1.41% Morboe 7337 114.74 1.54% Jamescafc 7325 126.74 1.70% Daarrrzzettbum 7323 128.74 1.73% cafcpolo 7303 148.74 2.00% CAFCWest 7299 152.74 2.05% Hoof_it_up_to_benty 7265 186.74 2.51% fat man on a moped 7252 199.74 2.68% Addick Addict 7652 200.26 2.69% HardyAddick 7250 201.74 2.71% wwaddick 7250 201.74 2.71% guinnessaddick 7654 202.26 2.71% Rob7Lee 7234 217.74 2.92% cafc7-6htfc 7202 249.74 3.35% Thread Killer 7166 285.74 3.83% Fortune 82nd Minute 7159 292.74 3.93% PragueAddick 7140 311.74 4.18% Pedro45 7133 318.74 4.28% @TelMc32 7777 325.26 4.36% thecat 7124 327.74 4.40% Gary Poole 7074 377.74 5.07% golfaddick 7050 401.74 5.39% valleynick66 7899 447.26 6.00% WishIdStayedInThe Pub 7000 451.74 6.06% meldrew66 6977 474.74 6.37% IdleHans 6950 501.74 6.73% MrOneLung 7955 503.26 6.75% oohaahmortimer 6789 662.74 8.89% KentAddick 6750 701.74 9.42% Er_Be_Ab_Pl_Wo_Wo_Ch 6500 951.74 12.77% No.1 in South London 6475 976.74 13.11% 6 -
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Congrats to the optimists. I'm getting a League Two sinking feeling ...1
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well I gave @golfaddick a good beating again so I'm happy with that !!7
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Congratulations Blackpool1
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If only I could be as successful with my financial affairs in real life.
I love this thread as it provides so much advice and also allows people like me to have a bit of fun.
Happy New and prosperous New year to you all.7 -
You just stuck a pin in a chart. That's cheating. I'll let you know I spent weeks studying the 60 & 90 day moving trends.LargeAddick said:well I gave @golfaddick a good beating again so I'm happy with that !!3 -
Well done Blackpool. I won this last year and I've come third this time so perhaps gambling on the FTSE index might be more profitable in the future than actually investing in it!1
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Top work mate. I sometimes wonder if we should make it a sweepstake, but I suppose it would be quite a lot of hassle to set up.blackpool72 said:If only I could be as successful with my financial affairs in real life.
I love this thread as it provides so much advice and also allows people like me to have a bit of fun.
Happy New and prosperous New year to you all.
As for the FTSE100, it can do one (he said, losing, badly
)The FT did a brief review of markets yesterday and said of it:
London’s FTSE 100, which is heavily weighted towards energy, mining and pharmaceutical companies, which have fared better in this year’s market shift, is up slightly for the year to date in sterling terms.
The broad MSCI All-World index of developed and emerging market equities has shed a fifth of its value this year, the biggest decline since 2008, with shares from Wall Street to Shanghai and Frankfurt all notching up significant falls.
So those of us (including Golfie) who forecast a drop compared to this time last year called the global indices correctly - but not the FTSE100. That's worth bearing in mind when we look at how we did in real life in 2022, since most of us will probably be sitting on losses and maybe a bit perplexed by the FTSE100 actually ending up.
I'd be very interested to read how people see their portfolio performances in 2022 and what lessons they have drawn. I'll do that myself later when I've taken a deeper dive. My non-SIPP portfolio is down 7.2% which given all the volatility seems like not such a bad result, but I am sure my SIPP is worse (just I cannot easily get the total year figure for that, because, Hargreaves Lansdowne).0 - Sponsored links:
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Just had a look at my SIPP @PragueAddick and it’s down 8.77% for the year. Fared better with some individual shares that I have owned for years & the dividends have paid for a couple of good holidays 😎2
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Well done Blackpool.
I noticed you are are not doing well at the footy predictions thingy, like me League 2 this year, so best stick to the Financials.1 -
Cheers mate.StrikerFirmani said:Well done Blackpool.
I noticed you are are not doing well at the footy predictions thingy, like me League 2 this year, so best stick to the Financials.
You ain't wrong concerning the football predictions.
I'm having a mare this season.
I shall console myself in the knowledge that everyone on this thread sees me as a financial genious.
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I would use the term 'financial guru'.blackpool72 said:
Cheers mate.StrikerFirmani said:Well done Blackpool.
I noticed you are are not doing well at the footy predictions thingy, like me League 2 this year, so best stick to the Financials.
You ain't wrong concerning the football predictions.
I'm having a mare this season.
I shall console myself in the knowledge that everyone on this thread sees me as a financial genious.
😁
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My SIPP fell 5.14% in 2022. Looks less than most on here but thats probably because I trade in & out a bit more than others and get a bit of a steer from the professionals as to where to invest. Biggest loser was the L&G property fund which had lost more than 10% since the summer. In fact my SIPP is virtually the same as it was back in early May, with most of the losses happening between Jan & March.1
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I’m ok with 5th place and only 46 points off. A crap last day 60 point drop doing for me. Look forward to the next opportunity…. Cheers all and congratulations Blackpool, buy yourself a pint.1
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Pension down about 5.6%. Was unhappy with that but looking at the market overall, it’s not too bad.1
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Would agree that that isn’t bad at all given what’s been happening. Although mine is worse, it was nearly 12% down at one stage this year and has pulled back a fair bit.HardyAddick said:Pension down about 5.6%. Was unhappy with that but looking at the market overall, it’s not too bad.
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My SIPP's up about 1.8% for the year, helped that I switched provider so inadvertently sold at the top and entered at a lower point about 6 weeks later. My work pension not faired as well, down about 5%.2
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So, hangover clearing, but when I peer into my SIPP the dark clouds still lurk 😡.
The best I can get from the H-L platform is that over the last 14 months it's down 13.6%. Based on what y'all have posted I can see that this is a pretty dismal performance. It also isn't hard to find the main culprits. Yes, we are back to Vanguard LifeStrategy 20% - and its sibling the 40% version. Those two combined account for 37% of my SIPP value. The 20% is currently down 15.8% on the year and the 40%, 13.7%.
So the question I would have - and this would be aimed at those who understand the bond markets far better than I do, despite recent attempts to get my head around them, is, what shall I do about them? You may have a further question, why did I have so much in those two? Well they were supposed to provide the ultra-conservative ballast to the portfolio, and of course 2022 was the year when the "60-40" mix came unstuck big time, as bonds crashed along with equities.
When I first realised the extent to which I got done by this, I was tempted to liquidate them and put the proceeds into cash accounts. However I thought that might be hasty, and was rewarded by the LS 20 recovering from -20% to -14%. Which of course was a much bigger gain than I'd get from a cash account offering 4.5% p.a. But since then it has lost 2 percentage points again 😡
So what do we think about bonds this year? Personally I'm a bit worried that high inflation may hang around longer than many want to believe, which is bad for bonds/gilts, right? In addition the Vanguard funds, being UK based, are biased towards UK gilts. They took a specific hammering from the disaster of the Truss/Kwarteng adventure. Wow, that seems like a long time ago, relatively. But the damage was mainly emotional, a global loss of confidence in UK financial responsibility. Has that damage been repaired since? I don't know but the answer will certainly affect the progress of the UK based bond market.
All thoughts on bonds generally, and these Vanguard funds if you have any, welcome. I'm not the only one in this mess on here, as I recall....1
