Stocks/Shares/Pensions

May 16, 2013
19,873
8,250
Scotland
#1
@Jay
there is a thread in the lounge you could move in here and merge...or we could just start a new one. Just not convinced this subforum is getting the traffic it deserves.

Anyway...

Cryptos is where the real money is but the stock market is a safe haven...even though it's returns are fuckin pathetic.

That said, it's infinitely less stressful and you can just fire and forget. I only hold only two stocks independently now. Lloyds and Bank of Ireland. Both of these are pretty stagnant just now but i expect them to move when the dust of Brexit settles. Lloys has been paying a good dividend that's increasing year on year and has been supplemented with a special dividend the last 2 years and that will probably continue until the yield is right up there at the top of the FTSE companies.

Bank of Ireland is really just a long term investment for my daughter so i don't even look at that, tbh.

Obviously I have a pension back in Scotland and a 401k here but I need to look into the other retirement fund options here like IRAs and Roths as i'm pretty fuckin clueless on the set up here (any yanks feel free to advise).

I also had a wee share scheme with Aberdeen when i was in Scotland where I just contributed 500 quid a month for years and they invested it for me and i thought my 60% returns over 7 years where awesome...now i regret not sticking every penny into Bitcoin and being a gazillionaire.
 
May 16, 2013
19,873
8,250
Scotland
#2
I read an interesting article about how much you should have saved (savings/pensions/whatever all included) and to maintain your standard of living it was...

Age
35 - 1 x salary
40 - 2 x salary
45 - 3 x salary
50 - 4 x salary
55 - 5 x salary
60 - 6 x salary
65 - 7 x salary

Or summin like that. Others sid 10 x salary on the day you retire.
 
Jun 6, 2012
4,717
493
#5
@Jay
there is a thread in the lounge you could move in here and merge...or we could just start a new one. Just not convinced this subforum is getting the traffic it deserves.

Anyway...

Cryptos is where the real money is but the stock market is a safe haven...even though it's returns are fuckin pathetic.

That said, it's infinitely less stressful and you can just fire and forget. I only hold only two stocks independently now. Lloyds and Bank of Ireland. Both of these are pretty stagnant just now but i expect them to move when the dust of Brexit settles. Lloys has been paying a good dividend that's increasing year on year and has been supplemented with a special dividend the last 2 years and that will probably continue until the yield is right up there at the top of the FTSE companies.

Bank of Ireland is really just a long term investment for my daughter so i don't even look at that, tbh.

Obviously I have a pension back in Scotland and a 401k here but I need to look into the other retirement fund options here like IRAs and Roths as i'm pretty fuckin clueless on the set up here (any yanks feel free to advise).

I also had a wee share scheme with Aberdeen when i was in Scotland where I just contributed 500 quid a month for years and they invested it for me and i thought my 60% returns over 7 years where awesome...now i regret not sticking every penny into Bitcoin and being a gazillionaire.
I think a CHB finance section would be better than just crytpo
 

Jay

Staff member
May 31, 2012
11,783
1,000,788
#6
@Jay
there is a thread in the lounge you could move in here and merge...or we could just start a new one. Just not convinced this subforum is getting the traffic it deserves.

Anyway...

Cryptos is where the real money is but the stock market is a safe haven...even though it's returns are fuckin pathetic.

That said, it's infinitely less stressful and you can just fire and forget. I only hold only two stocks independently now. Lloyds and Bank of Ireland. Both of these are pretty stagnant just now but i expect them to move when the dust of Brexit settles. Lloys has been paying a good dividend that's increasing year on year and has been supplemented with a special dividend the last 2 years and that will probably continue until the yield is right up there at the top of the FTSE companies.

Bank of Ireland is really just a long term investment for my daughter so i don't even look at that, tbh.

Obviously I have a pension back in Scotland and a 401k here but I need to look into the other retirement fund options here like IRAs and Roths as i'm pretty fuckin clueless on the set up here (any yanks feel free to advise).

I also had a wee share scheme with Aberdeen when i was in Scotland where I just contributed 500 quid a month for years and they invested it for me and i thought my 60% returns over 7 years where awesome...now i regret not sticking every penny into Bitcoin and being a gazillionaire.
Need to look into the best way to make this subforum work. It may take time. It may even be that a bigger rebrand of CHB is needed, but that is long term.
 
Likes: mandela
Apr 7, 2014
3,741
1,193
#9
1099 is self employed?

No, not any more, man. I'm an employee.
Yeah. 1099 is self employed. I file under 1099 and therefore have the option of investing a large percentage of my income in a tax deferred SEP, which is basically what I do.

In employee situations, it’s typical for employers to match your IRA contribution but the amount you’re allowed to put in is much less than a 1099 SEP. Most employees seem to be doing Roth these days but I don’t know that area well bc it doesn’t apply to me.

Also, Vanguard funds are pretty consistent winners of 8% per year or more.
 
Likes: mandela
May 16, 2013
19,873
8,250
Scotland
#11
Yeah. 1099 is self employed. I file under 1099 and therefore have the option of investing a large percentage of my income in a tax deferred SEP, which is basically what I do.

In employee situations, it’s typical for employers to match your IRA contribution but the amount you’re allowed to put in is much less than a 1099 SEP. Most employees seem to be doing Roth these days but I don’t know that area well bc it doesn’t apply to me.

Also, Vanguard funds are pretty consistent winners of 8% per year or more.
My company matches 401k but from what I hear when I speak to people is they have and IRA or Roth to supplement their 401k. In Scotland I just done my pension (equiv to 401k). I really just need to spend the time on this to understand.

I was self employed in Scotland and one of the biggest benefits was the way you could use the tax system to your benefit so sounds similar to here. Make the most of it, mate.
 
Jun 6, 2012
4,717
493
#12
Well get contributing, man.

The forum is only as good as its Users.

Jay is flexible as fuck and the site is running sweet as fuck but we're responsible for content.
Ill start with this one but over abit more time ill add some more info about further investments etc
My best stock investment so far has been Dragon Oil,(in theory not fully in practise) unfortunately i was unable to buy any shares at inception as i was only 16 and only really had proper money to invest in the last 5-10 years, over the time i had the shares i saw around and 87% gain, unfortunately for me and my dad(told him to get the shares at the time) there was a 4745% growth from inception so in theory i could have been well retired by now based on this stock. Even from 2005 to 2015 it saw growth of 570% and has proved a good investment.
 
Likes: mandela

Jay

Staff member
May 31, 2012
11,783
1,000,788
#13
Well get contributing, man.

The forum is only as good as its Users.

Jay is flexible as fuck and the site is running sweet as fuck but we're responsible for content.
Post of the fucking year. Someone make this man a moderator!
 
Jun 4, 2013
4,947
1,767
#15
@mandela @Jay

This thread needs splitting.

Stocks/shares are totally different to pensions......unless we are talking substituting pensions for shares.

There's so many subsets of shares as well. Capital gains tax. Dividend yields. Growth. Inflation. Currency strength. Brokers.

I would love to talk about so many of these things. I've been investing since I left school and I am totally self taught.

@mandela make a thread talking about the type of stock you want. IE growth, dividend etc and let's chat.

I'm still punishing myself over EA. Fucking 11 dollars at the crash...m.I even made a thread here about it.
 
May 16, 2013
19,873
8,250
Scotland
#17
I considered two threads but post volume is so low I didn't think combining them was a big deal.

@Someguy101 cheers man but I'm good on shares. Been doing it since just after the crash in 2008 when it was basically free money.

US pension planning on the other hand...I've not got a clue yet.
 
Mar 7, 2015
1,429
1,305
#18
I know very little about pensions etc but I've been put onto a pension plan through work that will pay out in 2060. I don't think I'll be around then. How can I get the money earlier?
 
May 16, 2013
19,873
8,250
Scotland
#20
I know very little about pensions etc but I've been put onto a pension plan through work that will pay out in 2060. I don't think I'll be around then. How can I get the money earlier?
You probably can't, tbh.

If you cantake it early (55 usually) you'll have to pay a chunk in tax and/or penalties, I think.