For You Market Followers

[Glasseye]

 

[Butch]

I think the saying is "if the USA sneezes, the rest of the world catches a cold".

[richy65]

If the S&P 500, crypto etc carries on climbing as it has since the election result I'll be a very happy bunny.

Time will tell.......

[Butch]

17 minutes ago, richy65 said:

If the S&P 500, crypto etc carries on climbing as it has since the election result I'll be a very happy bunny.

Time will tell.......

I admit, I've not kept my eye on the ball, I nearly invested in the Vanguard S&P500 last year - don't tell me I've ballsed up again!.

Edited November 12, 2024 by Butch

[richy65]

19 hours ago, Butch said:

I admit, I've not kept my eye on the ball, I nearly invested in the Vanguard S&P500 last year - don't tell me I've ballsed up again!.

I've got a Vanguard and ISHARES ETF , both returning over 20% recently from S&P 500

[Phantom51red]

19 hours ago, richy65 said:

If the S&P 500, crypto etc carries on climbing as it has since the election result I'll be a very happy bunny.

Time will tell.......

Ditto.

Still throwing in cash every 2 weeks, dollar cost averaging,high or low it's going in.

Edited November 13, 2024 by Phantom51red

[Phantom51red]

22 hours ago, Butch said:

I admit, I've not kept my eye on the ball, I nearly invested in the Vanguard S&P500 last year - don't tell me I've ballsed up again!.

Not trying to make you feel worse,it's never to late tho.

[Yessongs]

Heavy into the S&P myself...put alot of in from my parents inheritance.....good lord, this is fun.....but like everything, for how long????  

[forcebwithu]

By far VGT has been the best performer in my portfolio. It's riskier than other index ETF's, but a risk I'm willing to take for increase in gains.

https://www.google.com/finance/quote/VGT:NYSEARCA?sa=X&ved=2ahUKEwia1Mzl59qJAxVSR2wGHZGUOIMQ3ecFegQIURAf&window=5Y

Edited November 14, 2024 by forcebwithu

[Phantom51red]

5 hours ago, Yessongs said:

Heavy into the S&P myself...put alot of in from my parents inheritance.....good lord, this is fun.....but like everything, for how long????  

I been watching some analysts argue against this g s prediction below.

Either way 3% not a loss,but can't see it dipping that low.

 

 

 

Goldman Sachs predicts that the S&P 500 will have an annualized return of 3% over the next decade, which is significantly lower than the 13% average annualized return over the previous decade: 

[Butch]

On 11/13/2024 at 8:39 PM, Phantom51red said:

Not trying to make you feel worse,it's never to late tho.

😭😭😭

Dammit. I ballsed up again.

Still, never too late I think. That's an impressive return.

[Glasseye]

On 11/14/2024 at 12:33 AM, Phantom51red said:

Ditto.

Still throwing in cash every 2 weeks, dollar cost averaging,high or low it's going in.

 

That's the idea mate, depending on your timeline.

I wish I had stuck to that, but because of some unexpected circumstances mixed with some personal stupidity I didn't hold the boat steady.

Fortunately I have a good solid regular income base that will always enable me to live comfortably. The foundation is rock solid which provides for a bright future and peace of mind.

Beyond general interest in market watching (and any related associated anxieties) close following is well in the past.

[Derek Dangleberries]

I hope y'all don't mind me jumping in on your thread but I guessed it would contain the highest concentration of financial gurus to ask a non market related financial question..

When I met M'Lady I promised to help her get her widow's pension from the Army but after months of trying the answer was a definite "NO".......

Anyway that is in the past.

She then asked me to try and "cash in" her UK Pension from her ex-husband's civilian job that she receives monthly payments from. I have tried getting a "trivial commutation" from it but the limit is set at pensions worth 30,000 or less. Hers is worth more..

Question

How can she release the funds from her pension in a lump sum.. ???

 

[KWA]

7 minutes ago, Derek Dangleberries said:

How can she release the funds from her pension in a lump sum.. ???

Defined benefit or defined contribution pension?

[Derek Dangleberries]

15 minutes ago, KWA said:

Defined benefit or defined contribution pension?

All I know is that it is a Superannuation from his last place of work..

EDIT = The documentation refers to Defined contribution

 

Edited November 20, 2024 by Derek Dangleberries

[KWA]

2 hours ago, Derek Dangleberries said:

All I know is that it is a Superannuation from his last place of work..

EDIT = The documentation refers to Defined contribution

She should be able to just request what she wants from the scheme administrators, however there are some caveats.

If her ex purchased an annuity with widow's provisions then she's probably stuck with the regular income, although the good thing about it is income for her lifetime no matter how long she lives.

The scheme may not allow for flexible withdrawals (many older schemes don't) but in that case it could be transferred to one that does, with a new provider if necessary.

There are rules I'm not familiar with regarding Guaranteed Minimum Pension so if there's an element of this it may muddy the waters.

I'm no expert though so better to just ask them outright and see what they say.

Out of interest, does she pay any UK income tax on her pension?

 

[Derek Dangleberries]

4 minutes ago, KWA said:

If her ex purchased an annuity with widow's provisions then she's probably stuck with the regular income, although the good thing about it is income for her lifetime no matter how long she lives.

This is almost certainly the case..

 

7 minutes ago, KWA said:

Out of interest, does she pay any UK income tax on her pension?

Not at the moment but did at the beginning..

 

5 minutes ago, KWA said:

I'm no expert though so better to just ask them outright and see what they say.

Yep, I asked directly and they said not possible until the threshold on Trivial Commutation is raised.

 

- Thanks for your help and advice. It was exactly as I thought but not knowing too much on the subject I thought I'd ask.

Thank You !!

[KWA]

7 minutes ago, Derek Dangleberries said:

Yep, I asked directly and they said not possible until the threshold on Trivial Commutation is raised.

Not possible under their rules but transferring to a more flexible scheme may still be possible.  I wouldn't give up yet.

[Derek Dangleberries]

5 minutes ago, KWA said:

Not possible under their rules but transferring to a more flexible scheme may still be possible.  I wouldn't give up yet.

I have been communicating on her behalf by email. They said that they posted a letter 2 weeks ago.... let's see what it says..

Do you have any suggestions for a different scheme ..??

[KWA]

44 minutes ago, Derek Dangleberries said:

Do you have any suggestions for a different scheme ..??

No, I have someone else choose these things for me.

[Zeb]

I follow Markets, but as usual, am not into (public) Predictions

Make your own mind up about the following -

 

[boydeste]

On 11/20/2024 at 4:20 PM, Derek Dangleberries said:

I have been communicating on her behalf by email. They said that they posted a letter 2 weeks ago.... let's see what it says..

Do you have any suggestions for a different scheme ..??

Be very careful around transferring to a different scheme, it Almost always incures a loss in one way or another!

[Derek Dangleberries]

1 minute ago, boydeste said:

Be very careful around transferring to a different scheme, it Almost always incures a loss in one way or another!

Thanks mate .. 

I have also asked if my small Nokia Pension qualifies as it only pays 70 quid a month ...

[Glasseye]

2 hours ago, Derek Dangleberries said:

Thanks mate .. 

I have also asked if my small Nokia Pension qualifies as it only pays 70 quid a month ...

 

Very easy to get burned, whatever you do. @boydestegives good advice.

 

👍

[Derek Dangleberries]

4 minutes ago, Glasseye said:

 

Very easy to get burned, whatever you do. @boydestegives good advice.

 

👍

Yep, I am only looking at "trivial commutation" for my Nokia Pension .. I'm 68 next month so it seems better to take it out now ... At the very least it can sit there and act as Health Insurance ..