The more I read, the more I think anybody with a lumpsum to invest on retirement would be better off toddling down to the local post office at some quiet time and asking for free help in choosing guaranteed return government savings.
From what have learnt here that after paying commissions, tax, risk, etc you can have little or nothing at the end of the day.
Well, zero while the fund remains within a pension wrapper.And what would the tax rate be on that?
So 41% on gains at exit? or 25% tax free lump sum + PAYE rate on withdrawals I guess?Well, zero while the fund remains within a pension wrapper.
Broadly, the net total return of a fund assumes that all dividends are reinvested, net of withholding taxes.
I too want the option of DIY. I enjoy the ups and downs of the stock market, choosing which stocks to put my money in, etc., but you and I are very definitely in a minority. The vast majority of people find it difficult to accept the risk of their investments falling in value. That's probably even more true for advisers: they can be made to look stupid if they advise a client to invest in equities and the chosen equities fall in value the next month (about a 50% probability). Therefore they're less likely to advise people to do what's objectively best for them. Risk aversion by advisers is probably the main reason why 40% of insurance based ARF's in Ireland are 100% in cash (or at least that was the ratio when the survey was done in 2015).I want the option of DIY and this simply doesn't exist in any meaningful way
Leper you sure do come out with some beauties, in 2015 when we were deciding what to do with our money my wife was thinking about state savings to which our FP said " we can do much better than that"
Fast forward to today and I'm slightly annoyed to report that the state savings would have giving us a far better return than what we got.
In fact as of this morning after checking my portfolios strangely enough my holding in prize bonds is the only investment that has made some money for me over the last four years
You seem to be saying that the market return smoothed out will be 4%? Its not clear but it doesn't seem to be an "interest rate" to me.
it doesn't seem to be an "interest rate" to me.
What was the agreed time horizon?
Leper you sure do come out with some beauties, in 2015 when we were deciding what to do with our money my wife was thinking about state savings to which our FP said " we can do much better than that"
Fast forward to today and I'm slightly annoyed to report that the state savings would have giving us a far better return than what we got.
In fact as of this morning after checking my portfolios strangely enough my holding in prize bonds is the only investment that has made some money for me over the last four years
Leper you sure do come out with some beauties, in 2015 when we were deciding what to do with our money my wife was thinking about state savings to which our FP said " we can do much better than that"
Fast forward to today and I'm slightly annoyed to report that the state savings would have giving us a far better return than what we got.
In fact as of this morning after checking my portfolios strangely enough my holding in prize bonds is the only investment that has made some money for me over the last four years
What was the agreed time horizon?
Not exactly sure what your asking GG, there was no agreed time frame for the investment as it is ongoing and both were bought in March 2015
Lots of talk of about the risk of investing in stocks.
Are there many people who have diligently invested in a diversified manner during their working lives and been wiped out by the market?
Is there not a much bigger risk if you don't invest?
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