Search found 489 matches

by minimalistmarc
Mon Nov 18, 2019 6:12 am
Forum: Non-US Investing
Topic: LISA
Replies: 4
Views: 534

Re: LISA

In summary, LISA is a wonderful long term savings vehicle. I have no idea why it was so slated by the press. Meh. It's handy if you fall into a rather narrow category of person, but it's at best an add-on to other things rather than a viable savings vehicle in its own right. Its low annual limit ma...
by minimalistmarc
Mon Nov 18, 2019 3:03 am
Forum: Personal Consumer Issues
Topic: morality, kids, tuition etc
Replies: 16
Views: 762

Re: morality, kids, tuition etc

I won’t give her an option. Go to 4 year college. My brother-in-law gave his only daughter an option of taking a year off before college. During that time-off, she got pregnant and this week she is giving birth to a boy. She just turn 19 last week. The boy who got her pregnant doesn’t want anything...
by minimalistmarc
Sun Nov 17, 2019 11:34 am
Forum: Non-US Investing
Topic: LISA
Replies: 4
Views: 534

Re: LISA

LISA: - can open if 40 or younger - can pay in up to 4K / year and get 25% top up ( so 5k per year - LISA is included in your 20k annual ISA allowance - can’t pay in beyond 50 - can’t access money until 60 (or buying a house where one or both buyers has never owned property) In summary, LISA is a wo...
by minimalistmarc
Sun Nov 17, 2019 6:35 am
Forum: Investing - Theory, News & General
Topic: Preparing for a down market
Replies: 78
Views: 6090

Re: Preparing for a down market

Fear is interesting. If market drops 60% we would have severe problems in the USA (war, pestilence, depression, etc). So one's 60/40 portfolio would be down 30%, but that would be the least of the problems. Not necessarily. There would probably be an increase in poverty but none of the other things...
by minimalistmarc
Sun Nov 17, 2019 6:26 am
Forum: Investing - Theory, News & General
Topic: Preparing for a down market
Replies: 78
Views: 6090

Re: Preparing for a down market

OP - there are plenty of times throughout the history of the market where it took FAR longer than 25 (or even 49) months to recover. You might want to consider this rather sobering chart if you haven't seen it previously: https://static.seekingalpha.com/uploads/2018/8/18/saupload_SP500-Real-Time-To...
by minimalistmarc
Sun Nov 17, 2019 4:57 am
Forum: Investing - Theory, News & General
Topic: Is the FIRE Movement Responsible for this Historic Bull Market Run
Replies: 74
Views: 5359

Re: Is the FIRE Movement Responsible for this Historic Bull Market Run

anoop wrote:
Sun Nov 17, 2019 4:20 am
Seriously? Never heard of QE?? What about the suspension of the mark to market accounting rule??
Too complicated. QE was a correction for another error (sub prime housing boom). It’s all swings and roundabouts.
by minimalistmarc
Sat Nov 16, 2019 5:16 am
Forum: Personal Investments
Topic: Investing $140k in cash at 1k per week
Replies: 161
Views: 10396

Re: Investing $140k in cash at 1k per week

The expected return on stocks is always positive... If you can wait long enough. The dividend yield on VTI is over 2% so that is some consolation when you're moving from fixed income. Can you explain this to me? I don’t see any similarity between interest income from cash and dividends from equities.
by minimalistmarc
Wed Nov 13, 2019 5:12 pm
Forum: Personal Investments
Topic: Holding bonds vs 100% equities
Replies: 367
Views: 21304

Re: Holding bonds vs 100% equities

I wonder if the pro 100% stocks crowd would change their views if we have another great depression, with a 80% or more crash in the stock market, or a Japan like stock market that declines for many years. None of these outcomes seem likely due to the past 10 years of US stock performance. Personall...
by minimalistmarc
Wed Nov 13, 2019 5:10 pm
Forum: Personal Investments
Topic: Holding bonds vs 100% equities
Replies: 367
Views: 21304

Re: Holding bonds vs 100% equities

I wonder if the pro 100% stocks crowd would change their views if we have another great depression, with a 80% or more crash in the stock market, or a Japan like stock market that declines for many years. None of these outcomes seem likely due to the past 10 years of US stock performance. Personall...
by minimalistmarc
Mon Nov 11, 2019 5:27 pm
Forum: Non-US Investing
Topic: U.K. Switch from income to accumulating ETF?
Replies: 8
Views: 523

Re: U.K. Switch from income to accumulating ETF?

Just to clarify. The VWRL dividends in the ISA stay in the ISA as cash until I reinvest them with the next ISA top up (full years allowance). The main question was should I switch my ISA holding to VWRP. The way to frame this decision would be to work out what you lose in cash drag on uninvested di...
by minimalistmarc
Mon Nov 11, 2019 4:25 pm
Forum: Non-US Investing
Topic: U.K. Switch from income to accumulating ETF?
Replies: 8
Views: 523

Re: U.K. Switch from income to accumulating ETF?

Just to clarify. The VWRL dividends in the ISA stay in the ISA as cash until I reinvest them with the next ISA top up (full years allowance). The main question was should I switch my ISA holding to VWRP. I hadn’t considered “the bid/ask spread” and don’t fully understand it. Would it cost 0.2% of my...
by minimalistmarc
Sun Nov 10, 2019 4:03 pm
Forum: Personal Investments
Topic: Holding bonds vs 100% equities
Replies: 367
Views: 21304

Re: Holding bonds vs 100% equities

I wonder if the pro 100% stocks crowd would change their views if we have another great depression, with a 80% or more crash in the stock market, or a Japan like stock market that declines for many years. None of these outcomes seem likely due to the past 10 years of US stock performance. Personall...
by minimalistmarc
Sun Nov 10, 2019 8:36 am
Forum: Non-US Investing
Topic: U.K. Switch from income to accumulating ETF?
Replies: 8
Views: 523

U.K. Switch from income to accumulating ETF?

Hi Boglers. I hold VWRL (all world ETF) as a one fund portfolio across our taxable and tax sheltered accounts. I want to keep the income ETF in the taxable accounts for tax return simplicity. I have about 400k in tax sheltered accounts and I tend to let the dividends build up over the year then rein...
by minimalistmarc
Sat Nov 09, 2019 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: shocking hospital fee estimate
Replies: 45
Views: 3974

Re: shocking hospital fee estimate

Shakes head at insane American healthcare system. In the U.K., somebody who has no money would get this routine operation for free, and the total cost to the tax payer would be well under 5k. And they would likely wait for months or years to get the surgery. Months yes, years no. Most things can wa...
by minimalistmarc
Sat Nov 09, 2019 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: shocking hospital fee estimate
Replies: 45
Views: 3974

Re: shocking hospital fee estimate

Shakes head at insane American healthcare system. In the U.K., somebody who has no money would get this routine operation for free, and the total cost to the tax payer would be well under 5k. Yes, but doesn't the U.K. ration healthcare as well? I understand there are waiting times. That isn't ratio...
by minimalistmarc
Sat Nov 09, 2019 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Tale of 2 doctor job opportunities
Replies: 41
Views: 3679

Re: Tale of 2 doctor job opportunities

HEDGEFUNDIE wrote:
Sat Nov 09, 2019 12:08 pm
20 patients a day is asking for burnout.
Yep. In the U.K. most doctors see far more than this and burnout rates are very high.
by minimalistmarc
Thu Nov 07, 2019 1:45 am
Forum: Non-US Investing
Topic: New Accumulating Vanguard ETFs for EU Investors
Replies: 7
Views: 1329

Re: New Accumulating Vanguard ETFs for EU Investors

U.K. - I was considering switching my all world ETF from VWRL (income) to VWRP accumulating. However, I believe that VWRL ER has recently dropped to 0.22 whereas VWRP is still 0.25. Negligible but put me off switching Are you sure of that? I think you are wrong. Check for example the following page...
by minimalistmarc
Wed Nov 06, 2019 5:03 pm
Forum: Non-US Investing
Topic: New Accumulating Vanguard ETFs for EU Investors
Replies: 7
Views: 1329

Re: New Accumulating Vanguard ETFs for EU Investors

U.K. - I was considering switching my all world ETF from VWRL (income) to VWRP accumulating.

However, I believe that VWRL ER has recently dropped to 0.22 whereas VWRP is still 0.25. Negligible but put me off switching
by minimalistmarc
Wed Nov 06, 2019 4:47 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1963
Views: 204699

Re: U.S. stocks continue to soar!

So what exactly is a melt up? https://www.cnbc.com/2019/11/03/a-market-melt-up-is-becoming-a-real-risk-ed-yardeni-warns.html He said; “I may have to consider taking some profits”. I would have to sell everything to do that as I hold VTI and not individual stocks. Coming from a very Bogleism works o...
by minimalistmarc
Sun Nov 03, 2019 8:29 am
Forum: Non-US Investing
Topic: UK Based Investor – Building a Long-Term ISA Portfolio
Replies: 10
Views: 672

Re: UK Based Investor – Building a Long-Term ISA Portfolio

The number 1 priority is to get your money transferred out of SJP. Their fees are eye watering. If you’re investing in ETFs rather than funds, Hargreaves Lansdown is dirt cheap (£45 capped fee/year) or you could just transfer to Vanguard. Please, anybody but St James Place. They are worse than the m...
by minimalistmarc
Sat Nov 02, 2019 4:01 am
Forum: Personal Finance (Not Investing)
Topic: paying foreign medical bill - after the fact:( back from vacation
Replies: 30
Views: 3001

Re: paying foreign medical bill - after the fact:( back from vacation

I’m always amazed that Americans put up with their health care provision. Why don’t you just give the Italian hospital your insurance details and then they can battle it out. Involving the patient seems utterly pointless. Italy has a national health plan and it provides hospital and medical benefit...
by minimalistmarc
Sat Nov 02, 2019 3:50 am
Forum: Personal Investments
Topic: Worried I am getting addicted to individual stocks.
Replies: 113
Views: 7373

Re: Worried I am getting addicted to individual stocks.

I have a lot of money (8 figures) in an individual buy-and-hold stock portfolio (21 blue chip dividend paying stocks). All I can say is that this strategy has worked for me. Thanks for the input. Do you ever add/replace a stock? What factors do you consider if you do? I rarely sell but I have done ...
by minimalistmarc
Fri Nov 01, 2019 6:13 am
Forum: Personal Finance (Not Investing)
Topic: paying foreign medical bill - after the fact:( back from vacation
Replies: 30
Views: 3001

Re: paying foreign medical bill - after the fact:( back from vacation

I’m always amazed that Americans put up with their health care provision.

Why don’t you just give the Italian hospital your insurance details and then they can battle it out. Involving the patient seems utterly pointless.
by minimalistmarc
Wed Oct 30, 2019 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 178
Views: 10603

Re: Apple Pay. Does anyone use it?

I just returned (to the US) from the UK where I used it extensively. Very quick and efficient, I plan to use it whenever possible going forward. I am simply using my existing Visa, issued by Chase, no plans to obtain an Apple branded card. Saw many places where contactless was enabled - unattended ...
by minimalistmarc
Tue Oct 29, 2019 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 178
Views: 10603

Re: Apple Pay. Does anyone use it?

I use Apple Pay for everything but don’t have an Apple credit card
by minimalistmarc
Sat Oct 26, 2019 4:31 pm
Forum: Non-US Investing
Topic: UK Investor: HL SIPP
Replies: 2
Views: 239

Re: UK Investor: HL SIPP

VWRP is the accumulating version of VWRL and it is available on HL.

I hold VWRL in my HL SIPP (70k) so I can take advantage of the 200 fee cap. Thinking about switching to VWRP but annual charge is slight higher 0.25% vs 0.22% after recent reductions so probably won’t bother
by minimalistmarc
Sat Oct 19, 2019 4:47 pm
Forum: Investing - Theory, News & General
Topic: Help me think about Pakistani bond
Replies: 55
Views: 5012

Re: Help me think about Pakistani bond

Also need to factor in the high risk of Pakistan defaulting
by minimalistmarc
Sat Oct 19, 2019 2:18 pm
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate in today’s low yield environment
Replies: 44
Views: 4057

Re: Safe Withdrawal Rate in today’s low yield environment

There have been a dozen threads on this in the past month. You might want to google them. The 4% rule has worked fine in lower interest rate environments that today (see the 40s and 50s) and high valuations (those 1998 people with their 32 PE10s are doing fine). Will it continue going forward? Who ...
by minimalistmarc
Wed Oct 16, 2019 2:38 am
Forum: Non-US Investing
Topic: New portfolio
Replies: 3
Views: 384

Re: New portfolio

Hello, I have roughly £40k to invest with a 17 years horizon. I had all my money in a vanguard LS20 but i have decided that this would hurt my returns, so i have instead decided to allocate 80% in VHYL and 20% in VEMT with a £500 contribution every month. What are our views? Good? Bad? Are you lump...
by minimalistmarc
Sat Oct 12, 2019 5:00 pm
Forum: Personal Consumer Issues
Topic: What workout equipment to get?
Replies: 63
Views: 4727

Re: What workout equipment to get?

A kettle bell and body weight exercise will do. Or just body weight exercises.
by minimalistmarc
Sat Oct 12, 2019 11:41 am
Forum: Investing - Theory, News & General
Topic: Vanguard: the case for global equity investing
Replies: 160
Views: 12290

Re: Vanguard: the case for global equity investing

Do you have edge?

Yes > overweight country or sector of your choice

No = buy world
by minimalistmarc
Mon Oct 07, 2019 1:09 pm
Forum: Non-US Investing
Topic: Just started with P2P lending (Mintos). How risky is it?
Replies: 27
Views: 2413

Re: Just started with P2P lending (Mintos). How risky is it?

I was making 12 - 18% for several years but then had lots of defaults and also one of the holding companies went into administration. If your’re going to lend, wait until banks are closing their wallets again. At the moment, only the lowest quality borrowers are paying 12% Hyman Minsky, the Nobel P...
by minimalistmarc
Sun Oct 06, 2019 3:12 pm
Forum: Non-US Investing
Topic: Just started with P2P lending (Mintos). How risky is it?
Replies: 27
Views: 2413

Re: Just started with P2P lending (Mintos). How risky is it?

If you hold the MSCI World you can also achieve 7 to 10% (before inflation) returns. Why would you bother? About 55% of my portfolio is allocated to stocks. Given that bonds currently yield about 0%, I'm considering allocating some of my fixed income to P2P lending. But you make a valid point. If I...
by minimalistmarc
Sun Oct 06, 2019 12:39 pm
Forum: Non-US Investing
Topic: Just started with P2P lending (Mintos). How risky is it?
Replies: 27
Views: 2413

Re: Just started with P2P lending (Mintos). How risky is it?

If you hold the MSCI World you can also achieve 7 to 10% (before inflation) returns. Why would you bother? About 55% of my portfolio is allocated to stocks. Given that bonds currently yield about 0%, I'm considering allocating some of my fixed income to P2P lending. But you make a valid point. If I...
by minimalistmarc
Sun Oct 06, 2019 9:10 am
Forum: Non-US Investing
Topic: Just started with P2P lending (Mintos). How risky is it?
Replies: 27
Views: 2413

Re: Just started with P2P lending (Mintos). How risky is it?

https://www.bogleheads.org/wiki/Peer-to-peer_lending https://www.bogleheads.org/forum/viewtopic.php?t=170023&start=50 https://www.bogleheads.org/forum/viewtopic.php?f=10&t=211872&start=50 https://www.bogleheads.org/forum/viewtopic.php?t=274173 A reasonable allocation as an "investment" would be zer...
by minimalistmarc
Fri Oct 04, 2019 1:49 pm
Forum: Personal Investments
Topic: I pulled out... How do I get back in?
Replies: 100
Views: 13460

Re: I pulled out... How do I get back in?

I have all my IRA in MM. Suggestions for getting back in the market? ETFs? Why did i pull out? I wanted to hedge some market downside, anticipating a 5% drop with the global uncertainty, knowing i could miss a 5% upside I didn't pull out of the taxable assets due to tax issues, Silly me, pulled out...
by minimalistmarc
Thu Oct 03, 2019 7:15 am
Forum: Non-US Investing
Topic: UK - which global bond fund is better?
Replies: 10
Views: 677

Re: UK - which global bond fund is better?

thanks xxd. I think I'll go with the ETFs. Cheaper, and you can get out fast if you want to. I *hate* the way you buy funds 'wait till tomorrow. Maybe the day after. Then we'll tell you what price you got". Me too. But that’s why Mr Bogle preferred funds to ETFs. He was concerned that ETFs encourag...
by minimalistmarc
Thu Oct 03, 2019 7:12 am
Forum: Personal Investments
Topic: I pulled out... How do I get back in?
Replies: 100
Views: 13460

Re: I pulled out... How do I get back in?

I have all my IRA in MM. Suggestions for getting back in the market? ETFs? Why did i pull out? I wanted to hedge some market downside, anticipating a 5% drop with the global uncertainty, knowing i could miss a 5% upside I didn't pull out of the taxable assets due to tax issues, Silly me, pulled out...
by minimalistmarc
Mon Sep 30, 2019 12:12 pm
Forum: Personal Investments
Topic: Currently invested in 100% stock
Replies: 130
Views: 13993

Re: Currently invested in 100% stock

I struggle with this so someone help me out. Also currently 30 and 100% in stocks, and I wasn't invested in 2008. Is the primary reason that folks recommend having some bonds in your portfolio at our age so that you a percentage of extra money to liquidate if you need to live in a recession? Is thi...
by minimalistmarc
Sun Sep 29, 2019 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 15285

Re: Staying the course is so hard (support thread)

MiddleOfTheRoad wrote:
Wed Jul 03, 2019 8:30 am
Haven’t you heard? The things to keep up with the Joneses are no longer house or cars. It is health, fitness, travel and financial independence. Get on it!

Love this comment!
by minimalistmarc
Fri Sep 27, 2019 3:12 am
Forum: Personal Investments
Topic: Currently invested in 100% stock
Replies: 130
Views: 13993

Re: Currently invested in 100% stock

If employment is reasonably stable and you have a very high risk tolerance, it is not unreasonable to be 200% stock, which is a very aggressive portfolio for a 35-year-old. My opinion is that when someone has to ask advice about whether it is ok to be 100% stock, it usually means that it is too agg...
by minimalistmarc
Thu Sep 26, 2019 3:21 am
Forum: Personal Investments
Topic: Currently invested in 100% stock
Replies: 130
Views: 13993

Re: Currently invested in 100% stock

If employment is reasonably stable and you have a very high risk tolerance, it is not unreasonable to be 200% stock, which is a very aggressive portfolio for a 35-year-old. My opinion is that when someone has to ask advice about whether it is ok to be 100% stock, it usually means that it is too agg...
by minimalistmarc
Tue Sep 17, 2019 1:28 pm
Forum: Non-US Investing
Topic: 3 fund portfolio for UK investor
Replies: 19
Views: 1256

Re: 3 fund portfolio for UK investor

How much money and what platform are you using? If you use the vanguard platform to buy the vanguard funds the fee is capped so doesn’t really matter if you use ETF or fund. I’m with Hargreaves Lansdown who are very expensive if you hold funds but dirt cheap if you hold ETFs or anything else. If I l...
by minimalistmarc
Sun Sep 15, 2019 3:49 pm
Forum: Non-US Investing
Topic: 3 fund portfolio for UK investor
Replies: 19
Views: 1256

Re: 3 fund portfolio for UK investor

OP please watch these short videos https://www.kroijer.com/ If US was 90% or 20% of all world equities then that is exactly what I want to have. You need to accept that it is highly unlikely that you know something that gives you “an edge” over all the rest of the money invested in equities. I stick...
by minimalistmarc
Fri Sep 13, 2019 3:17 am
Forum: Personal Investments
Topic: Too Late To Get Back Into Stocks?
Replies: 115
Views: 9903

Re: Too Late To Get Back Into Stocks?

Hi, The 15x give me a 80-20 (equities to fixed income portfolio) in this case size matters. You are even more cautious in your own way than me if I read you correctly. I also don't rely in any way upon social payments, in addition any other potential income from business liquidation etc is not coun...
by minimalistmarc
Wed Sep 11, 2019 2:25 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12340
Views: 2129597

Re: U.S. stocks in free fall

I never thought I would do this, but I sold the last of my VXUS yesterday. After holding int'l funds for probably 25 years, I now have no devoted int'l funds and have sided with Jack Bogle on this. Because we cannot see what the future brings, there is no hard-core evidence for either argument. I'v...
by minimalistmarc
Tue Sep 03, 2019 4:07 am
Forum: Non-US Investing
Topic: U.K. CGT gain harvesting
Replies: 10
Views: 615

Re: U.K. CGT gain harvesting

My thinking was to utilise my CGT allowance each year to avoid a situation in 20 years time where I have a massive gain in my taxable account. Definitely do that. I do. Also, my understanding is that the 20k loss can only be used in the next 3 years. Where did you read about any limit? From HMRC : ...
by minimalistmarc
Tue Sep 03, 2019 1:20 am
Forum: Non-US Investing
Topic: U.K. CGT gain harvesting
Replies: 10
Views: 615

Re: U.K. CGT gain harvesting

1) if I sold on April 5th does the 30 day rule still apply or does it reset when we move into the new tax year It still applies. The transition to the new tax year doesn't change the 30 day repurchase requirement. 2) if rebuying a different ETF I’m considering VEVE (developed markets). Is this mate...
by minimalistmarc
Mon Sep 02, 2019 4:00 pm
Forum: Non-US Investing
Topic: U.K. CGT gain harvesting
Replies: 10
Views: 615

U.K. CGT gain harvesting

In my taxable account I hold VWRL (vanguard all world) and want to sell approx 100k to harvest 32k Capital gains tax free (12k allowance + 20k loss from a couple of alternative investments). I don’t want to wait 30 days to rebuy. Couple of questions: 1) if I sold on April 5th does the 30 day rule st...
by minimalistmarc
Mon Sep 02, 2019 3:58 pm
Forum: Personal Investments
Topic: U.K. CGT gain harvesting
Replies: 2
Views: 135

Re: U.K. CGT gain harvesting

In my taxable account I hold VWRL (vanguard all world) and want to sell approx 100k to harvest 32k Capital gains tax free (12k allowance + 20k loss from a couple of alternative investments). I don’t want to wait 30 days to rebuy. Couple of questions: 1) if I sold on April 5th does the 30 day rule s...