Continuing debate
535101
Last edited by: VxFan on Tue 23 May 17 at 10:13
|
|
Can any user comment on Nutmeg.com? It sounds like an ideal investment platform for a lazy investor, with Standard, ISA and Pensions services, all based on low cost ETFs.
Last edited by: VxFan on Mon 20 Mar 17 at 12:48
|
A criticism I have seen in the past is that they were expensive, but their charges don't look excessive to me now for what is a managed service - maybe they have dropped. The underlying investments used have as you say fairly low charges and are presumably predominantly passive, not in itself a bad thing.
I'd say it's a smart approach. I prefer physical ETFs to synthetic ones (which use derivatives to provide the performance of the selected index) and Nutmeg says it invests only in physical ETFs.
You'll get a range of views on the Moneysavingexpert investment forums.
|
>>and Nutmeg says it invests only in physical ETFs.
"mostly" rather than "only", I believe.
|
>> "mostly" rather than "only", I believe.
Thank you.
|
>> I'd say it's a smart approach. I prefer physical ETFs to synthetic ones (which use
>> derivatives to provide the performance of the selected index) and Nutmeg says it invests only
>> in physical ETFs.
The Alex Cartoon in today's Telegraph has Penny asking what an ETF is!
www.telegraph.co.uk/business/alex/
|
>> Can any user comment on Nutmeg.com? It sounds like an ideal investment platform for a
>> lazy investor, with Standard, ISA and Pensions services, all based on low cost ETFs.
>>
No experience of Nutmeg, but did have an email telling me that I could earn 1 Avios for each £ I transferred in up to 50,000
|
Just had the email alert. On sale until next April.
2.2%, 3 years. Negative real interest rate. I don't think I'll bother.
Anybody tried peer to peer lending?
|
>> 2.2%, 3 years. Negative real interest rate.
Maximum investment £3000.
|
>> Just had the email alert. On sale until next April.
>>
>> 2.2%, 3 years. Negative real interest rate. I don't think I'll bother.
And you get tax free, risk free, better rates where?
|
|
They ain't tax free though.
Last edited by: CGNorwich on Thu 27 Apr 17 at 15:56
|
>> They ain't tax free though.
>>
They are for most people who haven't exceeded their savings allowance elsewhere
|
>>Anybody tried peer to peer lending?
Only at arm's length, via P2P Global Investments (ticker 2P2). This is an investment trust paying 5.20% at today's price of £8.58, with a discount of 15.01%. I bought a few on April 2nd and they have put on 7% since. I can't find a risk rating for them but I guess medium to fairly high, hence "a few".
|
>> They ain't tax free though.
>> They are for most people who haven't exceeded their savings allowance elsewhere
I may be barking up the wrong tree here, but I think I saw an article recently that suggested that one could go above the current savings allowance if annual earnings were below a certain level.
|
>> I may be barking up the wrong tree here, but I think I saw an
>> article recently that suggested that one could go above the current savings allowance if >>annual earnings were below a certain level.
Yer tiz! Para 3.
www.gov.uk/government/publications/personal-savings-allowance-factsheet/personal-savings-allowance
Last edited by: Clk Sec on Fri 28 Apr 17 at 14:58
|
|
Fair point Zero, that's the way it is.
|
>> Anybody tried peer to peer lending?
>>
Yep, and some decent returns to be had.
I'm a big fan of Lendy
lendy.co.uk?a=4282473 (referral link)
12% returns to be had all secured against property / land, and reasonably easy to get your money back out due to their fairly liquid secondary market. They have had a couple of loans go bad but they operate a slush fund to bail out at their discretion. So far there has been no loss of capital in 3 years
Also like Ablerate
www.ablrate.com/Home.aspx
Got a few 14% and 16% returns there, again, secured against assets - mostly loans to businesses
Also dabbled in funding secure
www.fundingsecure.com
Interesting loans secured against assets of any description
Also tried Zopa
www.zopa.com
Unsecured loans to joe public - lower returns and I also lost a few quid to non payers so dont bother anymore - prefer the other sites as the loans are secured against an asset.
|
|
I had no idea there were so many outfits in this market, mikey. Thanks for the leads.
|
>> I had no idea there were so many outfits in this market, mikey. Thanks for
>> the leads.
>>
There are loads more - I just referred to the ones I have experience with.
Also worth looking on this forum if you are interested in p2p
www.p2pindependentforum.com
|
|
Why these property developers are borrowing from public rather than from banks?
|
>> Why these property developers are borrowing from public rather than from banks?
>>
Perhaps they operate in a market segment that the banks don't like or don't meet the credit risk criteria of mainstream banks.
There have always been other banks that do not have a presence on the high street like Close Bros that lend to businesses. They are likely to be able to react more quickly than a high street lender and there may also be a business relationship. Their fees will also likely be higher.
The Fintech market is an area to look at. My director has just quit to work at one of these. They offer a new way of doing business and he may get very rich from it or not!
|
I'm having a dabble in 'Bluejay'. Highly speculative, and in the medium term either a multi bagger or lose the lot. Obviously, as per usual rules, DYOR and only invest what you can afford to lose.
More interesting than P Bonds though!
|
>> I'm having a dabble in 'Bluejay'. Highly speculative, and in the medium term either a
>> multi bagger or lose the lot. Obviously, as per usual rules, DYOR and only invest
>> what you can afford to lose.
>> More interesting than P Bonds though!
Yep, I'm not interested in 2% returns, life's to short! (might have a different view when I'm broke, old and crusty
I've a lump sum from the sale of a second property coming my way in the next few months so looking for some interesting options. Might throw a few quid at something on kickstarter for a bit of fun
|
Maybe stick your full isa allowance for 2017/18 (£20K) into a self select fund and play around. That doesn't float everyone's boat, most preferring managed funds, but dealing in equities, even if only on a small scale, has been a hobby of mine since my late teens, and with online dealing in real time and dirt cheap commissions it's so much easier these days.
|
|
So you must be a rich man by now? :-)
|
He would be, if he hadn't spent it all on cars, wives, holly days, and beer (not necessarily in that order)
8-)
|
Very true. Exclude cars from that as the two expensive ones held their value very well. The others were mostly bought third hand off friends and relatives.
Holly days are my biggest expense by far...single supplements are a killer when I occasionally travel solo.
The luxury villa we are in now at Moraira ( did I mention private pool, sea views, cloudless skies?) cost us €825 for this week. €1850 in peak season! Three bed, two bathroom. Four of us including my 89yo Mother. Split 4 ways with a €100 each food & beverage kitty it's something of a bargain.
As for wives, fiances & stepdaughters....not quite the same bargain
|
Missed the curries though :-)
Do you use AirBNB LL?
|
I've used AirBnB, but not this time. I'm using a decent letting agent. Friends used airBnB last year to get a house on Vancouver island, and another friend rented a houseboat on the Florida Keys a few weeks ago.
As for curries... I can make my own, although Moraira has three curry houses to compare with the best I know in Wessie Yorkshire.
|
Sounds ok to me leglad. Good that you took your ole mum too for some solar therapy. Rain in Cornwall, what's new??
:o}
|
First time I've been on a weeks holiday with my old Mum since I was 15yo. Least you can do.
So far so good.....
|
|
Judging from my own collection the prices of shares, investment trusts and bonds generally move in the opposite direction to those of unit trusts and OIECS. Why is this?
|
I guess the money has to flow somewhere.
|
Don't see why they should, when OEICS etc buy shares they move with the share prices and when they buy bonds they move with bond prices. Same with ITs.
Interesting that you lumped ITs with shares. I suspect it is to do with when they are priced. OEICS and unit trusts are normally priced once a day around midday for trades and the published prices are usually yesterday's until after the close. Shares and ITs are quoted continuously.
ITs of course have another moving part which is the premium or discount.
Last edited by: Manatee on Mon 8 May 17 at 14:06
|
Confusing information today -
NG's own website investors.nationalgrid.com/share-information/chart.aspx says shares are DOWN about 7.8% (~ -90p)
Last trade 22/05/2017 10:18
Last price 1,060.00p
Change -89.82p
%Change -7.81%
uk.finance.yahoo.com/quote/NG.L?ltr=1 says they are UP about 9.2% (~ +90p)
1,059.08p +89.45p (+9.23%)
As of 10:14AM BST.
www.google.co.uk/finance?q=LON:NG says they are UP about 9.3% (~ +90p)
1,059.50p +89.88p (9.27%)
Real-time: 10:30AM BST
Last edited by: BrianByPass on Mon 22 May 17 at 10:37
|
The price is about right according the the tools I use though it isn't far from the price it opened at, and Friday's close as far as I can see. The main tool I use is reporting 9% rise today but Yahoo is showing 9% drop. tinyurl.com/mnvko52 (change to 5 day view)
Strange.
Last edited by: smokie on Mon 22 May 17 at 11:02
|
|
It was the AGM on Friday...did they do some sort of share consolidation? i.e. reduce the number of shares so they would up up in price even if the market cap remained the same? HL says they closed at 1054, now 1059 and makes that 8%up, so it might be that they have not handled it correctly.
|
Bit of chatter here tinyurl.com/kdmkjhg about share buyback. Latest comment says
Because of the 88.375p dividend, the stock market is obliged to open the share price at Friday's close less the 88.375p. But because 1/12 of shares were deleted today the market seems to be trying to find a fair price. Other things being equal 1054.25 was the last close, so the price should be :
(1054.25 - 88375p ) * 12 /11 = 1053.682
|
So it's a share consolidation to keep the price comparable after the special dividend
Special dividend and share consolidation
We announced today, 19 April 2017, that an aggregate of
approximately £3,165 million would be returned to shareholders
through a special dividend of 84.375 pence per existing ordinary
share (US$5.4224 per existing American Depositary Share)
to be paid to those shareholders on the register of members
at 6pm (BST) on Friday 19 May 2017. In order to maintain the
comparability of the Company’s share price before and after the
special dividend, the Company is seeking shareholder approval
to undertake a share consolidation.
|
I don't get it.
uk.finance.yahoo.com/quote/NG.L?p=NG.L
The graph shows a drop today. The price shows a rise today?
|
They didn't actually buy back shares in the market, they just paid a special dividend, equal to about 1/12 of the value of a share.
The "old" shares would therefore be worth about 90p less (the distributed value per share). But they have consolidated the shares by giving shareholders 11 new shares for every 12 they had. So the new shares are now each worth roughly what the old ones were.
They have just cocked up the calculation either by using the wrong price or the wrong number of shares in issue.
|
SIP shares.
I had a modest saving in SIP shares with my employer and some are over 5 years old, the majority are under 5 years old so tax is payable.
With a 60% rise in value over the last year, the value of the shares is not quite so modest.
Question 1: I know tax is payable on shares under 5 years old but at what rate?
For example, 5 years ago I may have been a lower rate tax payer but now I am a higher rate tax payer.
Question 2: Is the tax applied on the value of the shares now or on the value of pay sacrificed?
For example £125 per month saved or the £250 value of the shares?
If the latter the taxman has made a good return on my investment!
Thanks,
|
Tax will be payable at the current rate.
The amount the tax is calculated on will depend on how long you have held the shares. Under 3 years they will be taxed on the market value of the shares when you take them out of the scheme. Between 3 and 5 years they will be taxed on the lower of the values of the shares when you acquired them or when you take them out of the scheme. After 5 years no tax is payable.
Don't forget you will pay NI on them too.
www.thisismoney.co.uk/money/investing/article-1689905/Company-Share-Incentive-Plans-SIPs.html
Last edited by: CGNorwich on Sat 10 Jun 17 at 19:55
|
I've trickle fed into my Cash Isa over many years, and despite the smallish annual amounts it has compounded up over the years, and I've always locked in at better rates for 3/5 years at a time. It's just matured and rates are abysmally low to lock in again... not unexpected. At least it's tax free interest, and I'm using up my entire personal tax free allowance each year by drawing down from my private pension.
Even my IFA pal cannot offer much advice... we both think equities are toppy and there is so much uncertainty in the market at the moment I don't want to transfer into a managed fund.
Think I'll just 'stay safe' @ 1% despite it losing value in real terms...though Im tempted to transfer some of the funds and speculate on a few companies in my S & S Isa.
|
|
"Staying safe" usually implies investment grade bonds, although pundits rarely point out the advantages of the preference shares of large, stable companies. I am tempted by Raven Russia 12% yielding 8.63% now (ticker code RUSP). I have Aviva 8.375 yielding 5.56% (ticker AV.B).
|
|
Me too, i think this run might well end soon. I've gone for a safer option for the time being.
|
>> "Staying safe" usually implies investment grade bonds, although pundits rarely point out the advantages of
>> the preference shares of large, stable companies. I am tempted by Raven Russia 12% yielding
>> 8.63% now (ticker code RUSP). I have Aviva 8.375 yielding 5.56% (ticker AV.B).
I'm sure I don't need to tell you this ambo but bond prices, and the price of anything bond-like, can be expected to fall when interest rates rise - bonds should not be compared to deposit accounts and do not protect your capital unless they can be held to redemption and there is no default.
I have increased my cash a bit, and probably should a bit more, but I am reasonably full invested although not all in equities.
LL - I don't understand why you would avoid managed funds or funds generally. If you are trying to time the market then equity index funds won't appeal to you but there are plenty of fund options that will offer you some income and lower volatility than the index while maintaining some upside exposure. Have you kept a tally of your stock picking returns?
|
Thanks for the useful feedback.
I print out my online trading portfolios, both Isa & non Isa, every Friday at close of business. If I don't have a printer available I take a photo and print out later ( told you I was anal)!
I dip in and out of the market sometimes on a whim... a 5% net gain in a matter of weeks or months is sufficient to keep me happy.
OTOH I have suffered large losses on more speculative stuff, sometimes too late for the stop loss system. Some of the larger blue chip companies have had a volatile ride recently...I bought GNK at what I thought was the bottom and cut my 10% losses. I still hold DEB, 10% down but with a decent yield, and SGP for which I was hopeful is currently 13% down.
My last speculative foray was JAY. Bought a few ( far too few!) @7p, now around 15p, but a shed load more @14p. An interesting venture in Greenland which 'might' come good in a few years!
Everything crossed....
|
|
Have you thought about p2p lending - some platforms are now becoming available through ISA's
|
|
I recently bought into P2P Global Investment Trust in a small way. At the current price, yield is 5%. There is a 9.92% discount.
|
I've got some cash with these guys
www.ablerate.com
Rates from 10 - 16% - had an email today to say they are about to launch an ISA
|
With Brexit negotiations imminent, does anyone have thoughts on how it will affect £/€/$ future rates?
I have a couple of extended stays arranged in Spain for early 2018 and wondered if it might be worth getting Euros now....my Revolut account currently shows a € exchange rare of 1.1408
|
|
Returned from Suspension after a major takeover quintupling size. Sp now 59p..
|
They were suspended cos the AIM market regarded it as a reverse takeover as the entity they were acquiring was larger than the company itself. All done without raising any additional capital.
By a stroke of good luck I bought a few (thousand) a couple of days before they were suspended, and feared the worst, but it is a huge hook-up with BP and speculation amongst those who (seem to) know if that they will be well over £1 by Christmas, and probably will approach £2 (and a decent divvy) when the oil starts to flow next year.
Currently at 64p (opened around 40p). Speculation is they may be told to quit AIM and move to the main stock market. I understand once before when this happened there was a forced buy back of shares at a price not particularly attractive to the investors, so it could be that holding long term has some risk, but the takeover itself is seen as pretty risk free.
Last edited by: smokie on Thu 30 Nov 17 at 14:43
|
|
Making a multi year new high.. 7 bagger so far for me.
|
|
Hope you hold it within an ISA umbrella. Have you top sliced your original investment just in case the worst happens?
|
The worst has happened (well, maybe not the worst but pretty bad!) The pipe carrying all their current production is fractured and will be closed for 2 - 3 weeks while it's fixed.
markets.ft.com/data/announce/detail?dockey=1323-13461601-6ICNNBTJQ93VT0J1BM8NN0LCMV
That was announced yesterday but the share price held up well and is currently in the early 70s.
"Experts" on another forum were predicting £1 before Christmas but it now looks like this could be delayed. Some have expectations of up to £2 later next year.
|
|
Yes in an ISA. Sold 20% of original holding and recovered initial outlay +a lot
|
My investment strategy is now redundant, since this email arrived yesterday I am likely to be stinking rich
Hello,
I am a Principal Asset Manager in one of the leading international banks. I respectfully seek your sincere consent in this profitable proposal that i will explain to you.
Nine (9) years ago, precisely on Nov 6th, 2008, an Expatriate Oil consultant/contractor with a Chinese mineral cooperation, deposited a numbered sum of Twenty Million United States Dollars(20,000,000 USD) in my branch valid for twelve calender months. We did not hear from him since then.
However On further inquiries we found out He was involved in an accident which means he died intestate, All paper works in my bank revealed that he did not declare any next of kin or relations. This means that no one will ever come for this money since its been nine years. I can be able to make you the beneficiary of these funds.
For all your troubles I propose that we split the money in half. Once I get your willingness and response I will give you further information on this huge deal, What I require is that you DO NOT betray my confidence.
We should act swiftly on this if we are going to achieve it.
I wait your urgent response
Regards,
Andy
|
>> My investment strategy is now redundant, since this email arrived yesterday I am likely to
>> be stinking rich
>>
>>
>> Hello,
>> I am a Principal Asset Manager in one of the leading international banks. I respectfully
>> seek your sincere consent in this profitable proposal that i will explain to you.............etc, etc,
>> I wait your urgent response
>> Regards,
>> Andy
>>
Congratulations! You lucky man!
That is good news. Now you will be able to get rid of that, er, Beemer and buy a Mercedes.
There is a place not too far from where you live which has a very good selection, both new and used. I think it's called Brooklands, or something like that.
|
...he's obviously desperate.......I'd hold out for more than the half-share...
;-)
|
|
I wouldn’t be that greedy, but would definitely ask for 50% of the compound accumulated interest
|
Sadly by publishing this confidential email on a public website you have betrayed my confidence and the offer is now withdrawn.
However just this once if you were to wire are me a small sum, say $100,000, I can put you in contact with a Nigerian friend who is anxious to avail himself of someone of your financial accuity and has some deals that will surely interest you.
|
Nutmeg - Ambo
