Stocks n Shares ISA

Down 7% now !!
Don't panic fella, the markets are very much up and down right now some sectors are up and some are taking a hit. That is why you need to have a bit of a diverse portfolio. I've tried to spread mine about a bit and I have 5 rungs on my ladder, cash savings for emergencies and enough to cover a year of not working, shares that I have researched and know the value of to the best of my ability, a few crypto ICO's but nothing above a level I am prepared to lose on, precious metals, an investment platform (AJ Bell) and property.
The way I look at it is what you are putting away now is all for the future and you only really need to take stock and evaluate it say a year or so before you are ready to retire or ready to take the money out. Remember this is your nest egg for retirement it's not a huge gamble as you are spreading the cost of your investments over years so you are effectively (hopefully) improving your cost averaging.
I have a rule that I only look at the investments I have made at the end of the month then when my pay hits and I am ready to invest again I have a good idea of where it will go this month.
I am guessing you are not needing the money right now so don't worry that it has dropped 7% just think of that drop as a great investment opportunity where you have got more shares for your money.
 


Don't panic fella, the markets are very much up and down right now some sectors are up and some are taking a hit. That is why you need to have a bit of a diverse portfolio. I've tried to spread mine about a bit and I have 5 rungs on my ladder, cash savings for emergencies and enough to cover a year of not working, shares that I have researched and know the value of to the best of my ability, a few crypto ICO's but nothing above a level I am prepared to lose on, precious metals, an investment platform (AJ Bell) and property.
The way I look at it is what you are putting away now is all for the future and you only really need to take stock and evaluate it say a year or so before you are ready to retire or ready to take the money out. Remember this is your nest egg for retirement it's not a huge gamble as you are spreading the cost of your investments over years so you are effectively (hopefully) improving your cost averaging.
I have a rule that I only look at the investments I have made at the end of the month then when my pay hits and I am ready to invest again I have a good idea of where it will go this month.
I am guessing you are not needing the money right now so don't worry that it has dropped 7% just think of that drop as a great investment opportunity where you have got more shares for your money.
Some very wise words thanks.
No I'm 48 so a little while to go yet before I need it.
 
Back even for the year after buying some really knocked down discounts over the past fortnight.

Pension is the only thing I haven't bothered to check.
 
Don't panic fella, the markets are very much up and down right now some sectors are up and some are taking a hit. That is why you need to have a bit of a diverse portfolio. I've tried to spread mine about a bit and I have 5 rungs on my ladder, cash savings for emergencies and enough to cover a year of not working, shares that I have researched and know the value of to the best of my ability, a few crypto ICO's but nothing above a level I am prepared to lose on, precious metals, an investment platform (AJ Bell) and property.
The way I look at it is what you are putting away now is all for the future and you only really need to take stock and evaluate it say a year or so before you are ready to retire or ready to take the money out. Remember this is your nest egg for retirement it's not a huge gamble as you are spreading the cost of your investments over years so you are effectively (hopefully) improving your cost averaging.
I have a rule that I only look at the investments I have made at the end of the month then when my pay hits and I am ready to invest again I have a good idea of where it will go this month.
I am guessing you are not needing the money right now so don't worry that it has dropped 7% just think of that drop as a great investment opportunity where you have got more shares for your money.
Youll be takin ower South Shields FC at this rate!
 
I raided my S&S ISA savings to pay extortionate rent on a property for a year, and also buy beds and furniture, when I separated from my ex.

I’m glad it was there for me at the time when I needed it. However now I have the grand total of £600 in there and I can’t afford any spare cash to go in because the fuel bills have gone up so much.

Still…. according to the forecast at least the risk of sunburn is fairly low today.
 
Down 7% now !!
Don't panic. You need to get out of the habit of checking all the time. These investments need to be fire and forget.

I have a Google Sheets spreadsheet for my portfolio. It updates itself every 20 minutes so it is always "current".
I look at it about once a month just to see what's going on.
I act on it a couple of times a year when dividends or contributions are sizeable enough to make the fees to dabble negligible.

You need to adopt an attitude of comfortable ignorance, leave it alone to look after itself.

Also be prepared for occassional shocks.
I shit the bed when it looked like I'd lost a load of money. I hadn't, Royal Dutch Shell Company (RDSB) became Shell (SHEL). The ticker had changed name so the spreadsheet went nuts.

For the avoidance of doubt adopt HGTTG slogan. DON'T PANIC.
 
Down 7% now !!

As long as you aren't planing on retiring in the next few months, what's the bother?

Just means that it's good time to buy especially with the end of the tax year approaching. I'm tempted to switch some of my cash ISA holding into S&S as the cash rates as so low right now. 0.5% is a fiver interest per grand. It's wise to have an emergency fund in cash but otherwise invest as much as you can.
 
me & her have £100k in savings at present. Does anyone thinks its possible to turn £100k into £200k in 5 years?
Bearing in mind its still March and i'm presuming we can put £20k each in now and another £20k each on April 6th, is that correct? So £80k invested in the next 2 weeks?
 
me & her have £100k in savings at present. Does anyone thinks its possible to turn £100k into £200k in 5 years?
Bearing in mind its still March and i'm presuming we can put £20k each in now and another £20k each on April 6th, is that correct? So £80k invested in the next 2 weeks?
You could turn £100k into £200k in 10 seconds ….

But if you bet red and the outcome is black then you might turn £100k into £0.
 
me & her have £100k in savings at present. Does anyone thinks its possible to turn £100k into £200k in 5 years?
Bearing in mind its still March and i'm presuming we can put £20k each in now and another £20k each on April 6th, is that correct? So £80k invested in the next 2 weeks?

Possible? Yes
Likely? Who knows

A 100% increase over 5 years is around 15% compounded assuming you don't pay in any more.
 
Just logged into mine for the first time in over a month - had been doing my best to avoid it, fearing the worst - and am pretty relieved to see it only 4% down tbh. I’m spread across all sorts of funds so look to have weathered the recent shocks fairly well, all in all.
 
me & her have £100k in savings at present. Does anyone thinks its possible to turn £100k into £200k in 5 years?
Bearing in mind its still March and i'm presuming we can put £20k each in now and another £20k each on April 6th, is that correct? So £80k invested in the next 2 weeks?

Bitcoin possibly. You might lose a load though. 😂

Look at me, look at me, I'm rich. Pathetic. 😂
 

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