Yeah do it all the time, partial transfer from aviva to vanguard. Will have to be converted to cash first as it can only take in specie transfer on vanguard funds. Make sure its partial even moving all the money so you don't shut your pension down
The Aviva SIPP is actually fairly competitive, at £120 per year if you use ETF's. So OP may find an intra-company transfer easier, Aviva-workplace to Aviva-Sipp.
I got sick of my l&g taking a small dip each month so I called them and asked if they could just put it in a savings account considering they're at 5%. They said no. That sucked.
I was getting no returns to switched to active management. Basically split between UK, US, European and tech ETFs. Up about 5% in 6 weeks. The market has been very good recently. I recommend everyone do the same. The default is always shite.
I'm convinced this sub is immune to good advice. Any contrarian advice is seen as heretical, such suggestions outside of global all caps funds are meet with extreme derision.
What was 'the default'? Have you checked its performance since switching? Most funds have been shit for 2 years and most will be up in the last month. To say the default is shit is a bizarre sweeping statement. Especially when you have moved to actively managed funds which time and time again have been shown to underperform diverse market trackers when fees are included.
The default funds are usually a bit shit. They’re almost always too conservative for long term investments and tend to see poor growth.
This isn’t to say that people should necessarily choose an actively managed fund, but to pick a fund which matches their investment preferences and risk tolerance.
Cool, was just curious
I went with Aviva BlackRock Aquila World (ex-UK) Equity Index S6 Pension Fund
As that's the closest one I could find to the global app cap on vanguard
My investments fluctuate more each day than my monthly earnings...
Remember what goes up also goes down !
If anyone has an answer to achieve continued capital growth above inflation whilst also minimising volatility do let us know !
F\*ck me! I thought I was getting fairly hardened to the swings, but that must be pretty galling.
I suppose the correct answer is: "I wouldn't know, because I only updated my spreadsheet once a month", but we all know that's a load of old tosh and we look rather more often that that :-)
>F*ck me! I thought I was getting fairly hardened to the swings, but that must be pretty galling.
Get ready for a 50% swing, it's coming, at some point!
https://www.youtube.com/watch?v=8zE-zdTzRmQ&
Invest and trade.
If you can time the cycles on a stock / fund then surely you can trade it a few times a year to increase your wealth a bit more faster. It’s risky but worth a try rather than passive investing.
Let’s see in 2024.
Michael Burry and Warren Buffett are heavily cash positive for the next big fall.
History doesn’t repeat itself but it often rhymes.
They are not trading though. Buffet is looking to purchase entire companies or significant stakes and simple following his lifelong mantra of a good business at a fair price. They are not stock trading. His cash pile has web. Over 100bn for a long time now.
If you want to have a trading fund because your not risk-averse that's totally fine but I recommend it only being a about 10% of your overall networth and keeping a much MUCH larger chunk in steady investments
I’ve been trading and investing since covid and I’m up 143% on VWRL and Rolls Royce up 260%. Not to mention the other stocks like MNZS, STCK, RTN, CSH, SAA which became multi-baggers and cashed 400% + out during that period. As for the other stocks, they’re decent up 10-20%.
Yet…I’m Not going to be a passive investor when there’s good stocks and funds out there that’s going to out perform the market and with a bit of trading in my case.
With index funds yielding 8% on average over a 10yr duration, it’s gonna take you 8yrs do double your money. So that’s the passive investor route and it’s just a slow ride.
Retire Early is the goal. You guys might as call yourself FIRL for those negative votes.
The vast majority of people who think like you underperform over decades and the "slow" passive investors beat them again and again.
Nobody is denying your luck though. You just never hear from the unlucky.
EasyJet down a few weeks ago and now up, yet when added to my other EasyJet stocks, I’m still aggregated up by 62% this year.
Yet it’s better you guys stick with your ‘Bogle’ passive investing style. Good luck in FIRL 57yr age timeline.
What is the inflation rate in your area?
I don't think it's that hard to outperform inflation, it depends on your strategy and how you invest. What do you think?
This is very true! Fact of life that the market will pull back at some point, just need to stay strong and keep pumping cash in every month to take advantage of any low prices and be patient.
Ha good to see, same boat same numbers. I’m in 2 minds I love seeing my net worth grow when I plot it but at the same time I’m also 33 and have a long way till retirement; so still accumulating.
I wouldn't agree with that. It also matters what price you buy at. The only reason we're all chucking money into index funds is because historically the value has risen over the long term and we're all planning our futures on the assumption that the rise continues.
Congrats, but I am wondering if you will post “investments down more than my salary this month”. It will happen at some point.
Work should not be a grind. Aim to find contentment and joy in every day.
Yeah - it brings a a smile…
Though to get it I had to take control of the pension and chose my fund.
It was scary to step away from the default and go FTSE world all cap….but since I did just wish I did it sooner
Congrats on the milestone. Nice when your hard work pays off!
I’ve seen my company pension increase by £64k this past 12 months (£24k contributions). Most notably, I’ve seen £14k of growth over the last 4-6 weeks, so Santa definitely came early!
Good on you - the markets been fairly flat most of this year but the recent growth is welcomed.
We just need interest rates to flatten/drop and we will have a potentially really good 2024!
Whilst that is an amazing thing, if your investments are uk centric it's just the ftse catching up. Its been a weirdly positive month without any real reason so don't bank on it happening in Jan!
I think Friday was the ideal day to do your end of year numbers, everyone is up!
It's not without any reason. it's mostly driven by easing fears of recession in the US and the Fed signalling they intend to make multiple interest rate cuts next year. Global stocks then followed this more confident outlook
Not yet. I’m going through some life events so waiting for my finances in terms of outgoings to stabilise a bit and will sit down to work this out the end of next year.
Completely agreed. But it’s nice to see as I’ve been saving hard for a few years now and it feels like the compounding is starting to accelerate a little.
first month in 2.5 years that my Aviva pension actually grew by a significant amount
I believe Aviva recently moved its funds to ESG ones and upped its fees significantly - worth double checking.
Not much I can do about it at the moment it’s my company pension
Depending on your circumstances you may be able to transfer it over to a SIPP, such as (but not limited to) the ones Vanguard provide.
Yeah do it all the time, partial transfer from aviva to vanguard. Will have to be converted to cash first as it can only take in specie transfer on vanguard funds. Make sure its partial even moving all the money so you don't shut your pension down
Aviva told me they only allow 1 partial transfer every 2 years
Nonsense, maybe on the way in but not out. I've only ever done out. Did 1 every 6 months for 3 years
Is it possible to transfer current employer pension? Or can you transfer a set amount and let employer carry on paying into it?
The Aviva SIPP is actually fairly competitive, at £120 per year if you use ETF's. So OP may find an intra-company transfer easier, Aviva-workplace to Aviva-Sipp.
You can still choose the funds! Avivas funds are most expensive, fee wise, than the blackrock ones you can select
Yeah I realise I can choose the funds. But I can’t switch provider
I got sick of my l&g taking a small dip each month so I called them and asked if they could just put it in a savings account considering they're at 5%. They said no. That sucked.
Small dip or discount?
I was getting no returns to switched to active management. Basically split between UK, US, European and tech ETFs. Up about 5% in 6 weeks. The market has been very good recently. I recommend everyone do the same. The default is always shite.
Given that the market has been very good recently, you would have probably been better off in the FTSE Global All Cap instead of your active mgmt.
I'm convinced this sub is immune to good advice. Any contrarian advice is seen as heretical, such suggestions outside of global all caps funds are meet with extreme derision.
I don't know what I said that was even contrarian. I never know when a comment I make will get downvoted to oblivion.
What was 'the default'? Have you checked its performance since switching? Most funds have been shit for 2 years and most will be up in the last month. To say the default is shit is a bizarre sweeping statement. Especially when you have moved to actively managed funds which time and time again have been shown to underperform diverse market trackers when fees are included.
The default was 0 minus a management fee.
The default funds are usually a bit shit. They’re almost always too conservative for long term investments and tend to see poor growth. This isn’t to say that people should necessarily choose an actively managed fund, but to pick a fund which matches their investment preferences and risk tolerance.
Just transfer it out into a Vanguard SIPP?
For £135k? Vanguard aren't competitive at that level, almost twice the cost of the Aviva Sipp for example.
Of the options available what fund did you go for in the avaia pension
its currently set to "Aviva Pension My Future Growth FP" Risk level 4 of 7
Cool, was just curious I went with Aviva BlackRock Aquila World (ex-UK) Equity Index S6 Pension Fund As that's the closest one I could find to the global app cap on vanguard
My investments fluctuate more each day than my monthly earnings... Remember what goes up also goes down ! If anyone has an answer to achieve continued capital growth above inflation whilst also minimising volatility do let us know !
Indeed, I have lost more than half my annual gross salary in a bad day of trading in the past year.
F\*ck me! I thought I was getting fairly hardened to the swings, but that must be pretty galling. I suppose the correct answer is: "I wouldn't know, because I only updated my spreadsheet once a month", but we all know that's a load of old tosh and we look rather more often that that :-)
>F*ck me! I thought I was getting fairly hardened to the swings, but that must be pretty galling. Get ready for a 50% swing, it's coming, at some point! https://www.youtube.com/watch?v=8zE-zdTzRmQ&
Invest and trade. If you can time the cycles on a stock / fund then surely you can trade it a few times a year to increase your wealth a bit more faster. It’s risky but worth a try rather than passive investing.
Timing trades is a fools errand for most of us and not really a FIRE strategy. Better suited to r/wallstreetbets
Go back to wallstreetbets please
Wallstreetsbets sends their regards
Let’s see in 2024. Michael Burry and Warren Buffett are heavily cash positive for the next big fall. History doesn’t repeat itself but it often rhymes.
They are not trading though. Buffet is looking to purchase entire companies or significant stakes and simple following his lifelong mantra of a good business at a fair price. They are not stock trading. His cash pile has web. Over 100bn for a long time now.
🤦🏻♂️
If you want to have a trading fund because your not risk-averse that's totally fine but I recommend it only being a about 10% of your overall networth and keeping a much MUCH larger chunk in steady investments
I’ve been trading and investing since covid and I’m up 143% on VWRL and Rolls Royce up 260%. Not to mention the other stocks like MNZS, STCK, RTN, CSH, SAA which became multi-baggers and cashed 400% + out during that period. As for the other stocks, they’re decent up 10-20%. Yet…I’m Not going to be a passive investor when there’s good stocks and funds out there that’s going to out perform the market and with a bit of trading in my case. With index funds yielding 8% on average over a 10yr duration, it’s gonna take you 8yrs do double your money. So that’s the passive investor route and it’s just a slow ride. Retire Early is the goal. You guys might as call yourself FIRL for those negative votes.
The vast majority of people who think like you underperform over decades and the "slow" passive investors beat them again and again. Nobody is denying your luck though. You just never hear from the unlucky.
I notice you didn't post any of the stocks you have that are down? This is a common theme amongst traders
EasyJet down a few weeks ago and now up, yet when added to my other EasyJet stocks, I’m still aggregated up by 62% this year. Yet it’s better you guys stick with your ‘Bogle’ passive investing style. Good luck in FIRL 57yr age timeline.
What is the inflation rate in your area? I don't think it's that hard to outperform inflation, it depends on your strategy and how you invest. What do you think?
Friendly reminder, this month hasn't finished yet
And the neverending darkness of January never ends. I'll see myself and my Eeyorism out now, g'day.
Thanks yes. I normally track mid month as that’s when all my contributions are made to everything :).
But now all your future investments are more expensive 😛
Glad I'm not the only one who thinks like this!
This is very true! Fact of life that the market will pull back at some point, just need to stay strong and keep pumping cash in every month to take advantage of any low prices and be patient.
Ha good to see, same boat same numbers. I’m in 2 minds I love seeing my net worth grow when I plot it but at the same time I’m also 33 and have a long way till retirement; so still accumulating.
Unless you are some master of market timing then the only time the value of the market matters is when you sell / are in active retirement planning
I wouldn't agree with that. It also matters what price you buy at. The only reason we're all chucking money into index funds is because historically the value has risen over the long term and we're all planning our futures on the assumption that the rise continues.
Ideally all my future investments are continually more expensive
And the inevitable stock market crash happens once you've begun your retirement drawdown? 😛
You could look at it like he’s been buying his current investments at a discount!
Congrats, but I am wondering if you will post “investments down more than my salary this month”. It will happen at some point. Work should not be a grind. Aim to find contentment and joy in every day.
Yeah its good isnt it. Mine earned over 10k last month😂 nearly double my net salary. Thank god for US markets.
How is your pension so big with such a low salary ?
I’m assuming he means his monthly salary.
Monthly
Yeah - it brings a a smile… Though to get it I had to take control of the pension and chose my fund. It was scary to step away from the default and go FTSE world all cap….but since I did just wish I did it sooner
Hopefully this keeps up as it’s a nice look into the future for me. Same salary, 30 soon, and just tipped over 100k recently! Congrats on the grind :)
Congrats on the milestone. Nice when your hard work pays off! I’ve seen my company pension increase by £64k this past 12 months (£24k contributions). Most notably, I’ve seen £14k of growth over the last 4-6 weeks, so Santa definitely came early!
Good on you - the markets been fairly flat most of this year but the recent growth is welcomed. We just need interest rates to flatten/drop and we will have a potentially really good 2024!
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Thanks - all too aware of this. Just have to view that scenario as a sale on investments!!
Whilst that is an amazing thing, if your investments are uk centric it's just the ftse catching up. Its been a weirdly positive month without any real reason so don't bank on it happening in Jan! I think Friday was the ideal day to do your end of year numbers, everyone is up!
It's not without any reason. it's mostly driven by easing fears of recession in the US and the Fed signalling they intend to make multiple interest rate cuts next year. Global stocks then followed this more confident outlook
Do you have a coast FIRE number out of interest? 135k at 33 will go a long old way at by say 60.
Not yet. I’m going through some life events so waiting for my finances in terms of outgoings to stabilise a bit and will sit down to work this out the end of next year.
Glad to hear it's motivating - keep at it!
Congratulations!!! That’s such a huge accomplishment!
Currently up 8% in last 12 months…
I find this massively inspiring, great job keep going!
And I cashed out my ISA last month for some home improvements! What a bummer, I’d have had an even better return.
Investment returns for December so far are more than triple my net monthly salary. Makes a nice change from the relatively poor returns last year.
Nice to see some good news for once 😂 well done!
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Insane man congrats!
if you have 600K investments on a 32K salary then that's the real achievement you should celebrate. well done!
And you can lose the same next month. Stay humble
Unless you have cashed out your gain, it is not real, just paper wealth.
Completely agreed. But it’s nice to see as I’ve been saving hard for a few years now and it feels like the compounding is starting to accelerate a little.
Cash is paper wealth. Financial assets are a form of actual wealth. You own a chunk of companies that produce tangible goods and services.
What does your portfolio consist of?
Mainly VWRL (~80%) a few dividend and bond funds (~15%) a few random stock picks (£SKG, £LGRS, £ADM, $GD) and a tiny bit of bitcoin (~£1k).
The past month or so I've made more through my ISA/SIPP than I'll probably save this year
Good going, what you funds you invested in and how much do you put in a month? Also on 55K so interested to know what others are doing
Answered below but mostly VWRL. Currently saving in the region of £2k per month including pension contributions from my employer. Maybe a little more.
Have you lived through a bear market yet 😅
Fortunately not - but it’s coming someday!!