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Thread: Any Finance "Gurus" out there

  1. #1

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    help Any Finance "Gurus" out there



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    If so please pm me

    I plan to invest some 50K with an off-shore company/trader.

    I will provide more details by returning a pm but choose not to divulge more on an "Open Forum".

    You can see from my profile I am 65 and retired. Capital comes from Pension lump sums.

    Thanks

  2. #2

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    theres some that like to think there finance whiz kids on here ,and fair play to them ,there certainly a darn site better than me i belive you cannot take it with you so enjoy . but dont you think a finance/ pension specialist would be the first place to try ,not a forum for motor home lovers ,after all you need a good professional for that . after all how do you know for sure that we havent got fraudsters scanning the threads for something like this .
    Last edited by mandrake; 02-01-2017 at 08:31.
    in the process of hunting for another tin shed on wheels

  3. #3

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    Thumbs up Thanks and yes I agree

    Quote Originally Posted by mandrake View Post
    theres some that like to think there finance whiz kids on here ,and fair play to them ,there certainly a darn site better than me i belive you cannot take it with you so enjoy . but dont you think a finance/ pension specialist would be the first place to try ,not a forum for motor home lovers ,after all you need a good professional for that . after all how do you know for sure that we havent got fraudsters scanning the threads for something like this .
    Thanks Mandrake

    I have a suitable broker who I am happy with.

    Just seeing if anyone out there (ie here) can assist

    The recommendation came from an expat association who have a lightweight forum.
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  4. #4

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    That's a big ask.. I personally wouldn't feel comfortable offering advice like that, in case it went wrong. Good luck.
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    Quote Originally Posted by yorkslass View Post
    That's a big ask.. I personally wouldn't feel comfortable offering advice like that, in case it went wrong. Good luck.
    Same here !
    My late wife and I had money stashed and she died 1 week after the date we set to live it up and enjoy the fruits of our yeas of work.
    Spend it now and enjoy it, just leave enough to have a reasonable income every month. There's no pockets in a shroud comes to mind.
    The most important thing is to enjoy your life - to be happy - its all that matters.
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  6. #6

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    Smile Yes and No !

    Quote Originally Posted by Obanboy666 View Post
    Same here !
    My late wife and I had money stashed and she died 1 week after the date we set to live it up and enjoy the fruits of our yeas of work.
    Spend it now and enjoy it, just leave enough to have a reasonable income every month. There's no pockets in a shroud comes to mind.
    I appreciate the sentiments and indeed I/we do not stint on holidays and travel and other matters as you may have noticed (in 2016 we motorhomed in OZ and also toured Scandinavia for almost 4 months)

    Unfortunately When I die my wife will get no residual benefit from any of my Pensions and she will not receive a state pension from UK and they do not exist in Thailand

    The cash in question is just languishing in low deposit UK accounts and we live and travel very well on my pensions and house letting income (even after TAX).
    You will see from my profile I am now 65 so the OGP (Old Gits Pension) has kicked in.
    We tend not to eat out in expensive restaurants as we like our own food.
    We prefer wild camping to campsites (although we used some campsites in Scandinavia) where I also bought a very nice nordic fleece.

    We simply take care not to "throw money away" in particular finding nice free or cheap camps is "a good game".

    There are other advantages (All legit and not tax related) in doing this now....No detail needed.
    The scheme I have in mind allows me to withdraw large sums of cash should I need them
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  7. #7

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    It is very difficult where to invest at the moment, with such low interest rates. It does make many of us take a risk with less secured investments and no government protection back up. Everybody must do what they feel comfortable with and this will differ from person to person, depending on needs, life style and dependants.
    Running the house is also a possible future concern, and when one of a pair kicks the bucket (no insult meant, this is the way I talk) many pensions also stop. I know for a fact that when one of us kick the bucket, the others pension will NOT cover the household bills, and a serious down size would be needed. Even then, savings would most probably be needed otherwise it would just be an existence!
    For us, it is a constant juggling matter, and trying to guess what comes next!
    Keeps us on our toes!

    edit
    we also try not to waste money, aires, free camping and occasionally cheap camp sites. Generally, we do BBQ or cook inside, with the odd meal at value for money restaurants. heating the home is the expensive one, and we have just managed a full year heating a detached house, including cooking for a cost of 696, which I think is pretty good! And we don't believe in cold! In contrast, we have a close relative who spends double that on a semi!
    Last edited by grath; 02-01-2017 at 09:37.
    Tramping the Dream, Chasing Rainbows, Enjoying the Pot of Sunshine, and sometimes, just scootering around!
    Graham
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  8. #8

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    Thumbs up Thailand

    Quote Originally Posted by grath View Post
    It is very difficult where to invest at the moment, with such low interest rates. It does make many of us take a risk with less secured investments and no government protection back up. Everybody must do what they feel comfortable with and this will differ from person to person, depending on needs, life style and dependants.
    Running the house is also a possible future concern, and when one of a pair kicks the bucket (no insult meant, this is the way I talk) many pensions also stop. I know for a fact that when one of us kick the bucket, the others pension will NOT cover the household bills, and a serious down size would be needed. Even then, savings would most probably be needed otherwise it would just be an existence!
    For us, it is a constant juggling matter, and trying to guess what comes next!
    Keeps us on our toes!

    edit
    we also try not to waste money, aires, free camping and occasionally cheap camp sites. Generally, we do BBQ or cook inside, with the odd meal at value for money restaurants. heating the home is the expensive one, and we have just managed a full year heating a detached house, including cooking for a cost of 696, which I think is pretty good! And we don't believe in cold!
    My wife being Thai we live in our Thai house in the winter and motorhome in UK in the summer.
    So in one sense I am investing the "profits" from our UK house rental.

    I knew quite soon after we married that she would not enjoy living in UK after my death.
    She is a few years younger than me.
    Should she stay in the UK your cost analysis sums up the problems she would have.
    However she will live in Thailand full time and pretty comfortably.
    Just trying to make the most of cash assets for say the next 5 years... BUT who knows !!!
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  9. #9

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    IF I knew the answer I'd be eating caviar in my 2016 Motor Home

    Go to an advisor! The answer will depend on your other holdings; your personal circumstances and your aspirations.

    I'm not a financial adviser but ... the first thing is to put down on paper where you are now.
    One of the best financial advisers I have used divided assets into three categories
    1) "Available Cash" - Money you get get hold off immediately (within a couple of working days) and without penaly.
    This includes current accounts and some ISAs.

    2) "Constrained cash"- Money you can get hold of within a couple of months, or which will cost you some form of penalty to cash in.
    This includes Premium Bonds; "Pensioner Bonds" and some ISAs.

    3) "Long term" - Money which will take over two months to get hold of. Usually these vary up and down in good return over time, but the hope is that they will give a good return over time. This is almost certainly where 30k would beif you invest offshore.

    The ratio between these will depend on your individual circumstances but for my wife and myself we aim at
    30% "Available Cash"; 30% "Constrained cash"; 40% "Long term".
    If you see a financial adviser they will describe this as "Asset allocation" and moving money between the as "Asset rebalancing".

    Investment that have done well for us

    So before you start investing money think about how much you have / want to have in these 3 categories. You don't want to sell long term shares to get the van thru the MOT!

    I'm not a financial advisor but ....

    1) "Available Cash" - Santander 123 current account - returns about 1.5% on upto 20k; plus % of council tax; energy bills
    ou can have an account; so can your souse and a joint one as well. So that is upto 60k @1.5%.

    2) "Constrained cash" - Premium bonds tend to pay about 1.5% over time. "pensioner bonds" are brilliant but no longer available, I'm keeping an eye out for the next lot.

    3) "Long term" I Couldn't possibly comment or recommend.

    As people have said try a couple of advisors. If you've got accounts with banks they will often advise for nowtt.

    Good Luck
    "Life is what happens to you while you're busy making other plans."
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  10. #10

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    Thumbs up Thanks

    Quote Originally Posted by r4dent View Post
    Go to an advisor! The answer will depend on your other holdings; your personal circumstances and your aspirations.

    I'm not a financial adviser but ... the first thing is to put down on paper where you are now.
    One of the best financial advisers I have used divided assets into three categories
    1) "Available Cash" - Money you get get hold off immediately (within a couple of working days) and without penaly.
    This includes current accounts and some ISAs.

    2) "Constrained cash"- Money you can get hold of within a couple of months, or which will cost you some form of penalty to cash in.
    This includes Premium Bonds; "Pensioner Bonds" and some ISAs.

    3) "Long term" - Money which will take over two months to get hold of. Usually these vary up and down in good return over time, but the hope is that they will give a good return over time. This is almost certainly where 30k would beif you invest offshore.

    The ratio between these will depend on your individual circumstances but for my wife and myself we aim at
    30% "Available Cash"; 30% "Constrained cash"; 40% "Long term".
    If you see a financial adviser they will describe this as "Asset allocation" and moving money between the as "Asset rebalancing".

    Investment that have done well for us

    So before you start investing money think about how much you have / want to have in these 3 categories. You don't want to sell long term shares to get the van thru the MOT!

    I'm not a financial advisor but ....

    1) "Available Cash" - Santander 123 current account - returns about 1.5% on upto 20k; plus % of council tax; energy bills
    ou can have an account; so can your souse and a joint one as well. So that is upto 60k @1.5%.

    2) "Constrained cash" - Premium bonds tend to pay about 1.5% over time. "pensioner bonds" are brilliant but no longer available, I'm keeping an eye out for the next lot.

    3) "Long term" I Couldn't possibly comment or recommend.

    As people have said try a couple of advisors. If you've got accounts with banks they will often advise for nowtt.

    Good Luck
    Your comments are useful.
    You will read from earlier posts that my "current situation" is healthy.

    Just trying to maximise benefit (at minor risk) of my available funds for investment.

    I plan to keep a good proportion of my assets in 100% safe accounts paying minimal interest..... but suitable fund schemes are available and relatively safe and pay 8% plus ! (less management fees).

    There are good reasons why now is the best time for me to think about "branching out" .....the fact I am 65 and thus now receive state pension being one of them !

    Ps I still retain sufficient backup cash which together with my income allows us to lead a trouble free life (Financially)

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