tag:blogger.com,1999:blog-2875915890415125655.post8565302779006896593..comments2023-05-18T10:37:34.608+01:00Comments on <a href="http://www.retirementinvestingtoday.com">Retirement Investing Today</a>: Rebalancing vs taxes vs expenses vs lifeRetirementInvestingTodayhttp://www.blogger.com/profile/03088383743670046657noreply@blogger.comBlogger29125tag:blogger.com,1999:blog-2875915890415125655.post-34309232654726336902020-05-05T17:14:53.474+01:002020-05-05T17:14:53.474+01:00I always enjoy your posts and watch with interest ...I always enjoy your posts and watch with interest your overseas plans. Your return from Cyprus resonated with me as over 20 years ago I burnt all my bridges in the UK and moved overseas to join my estranged wife and toddler daughter. God was it difficult - no job, didn´t speak the language and a tricky relationship. So many times during the first year I wanted to return to the UK - but I Maxhttps://www.blogger.com/profile/13045492285011023413noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-44637205273190131132020-04-13T09:19:03.779+01:002020-04-13T09:19:03.779+01:00Looking forward to welcoming you to Asia!
Lived...Looking forward to welcoming you to Asia! <br /><br />Lived here 17+ years and I feel certain you'll all love it. The vibe, passion and energy are all palpable. Oh, and the food....and tax. And weather. And...<br /><br />I've followed your blog for the last 5 or 6 years and enjoyed it totally.<br /><br />I've FIREd, twice (but I'm old anyway) and in effect followed the FIRE Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-81714417204403805842020-04-10T19:19:25.201+01:002020-04-10T19:19:25.201+01:00I always suspected stringvest was Doc Martin.I always suspected stringvest was Doc Martin.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-21515168456355789762020-04-08T18:43:09.889+01:002020-04-08T18:43:09.889+01:00For me it always feels counter intuitive to re bal...For me it always feels counter intuitive to re balance ie if Asia plummets and fundamentals disappear in that area then it seems counter intuitive to then put more into the failing areas of the portfolio.<br /><br />As an aside the re-balancing you do is tried and tested. I have seen it used by funds managers, so I am not challenging it rather I find it difficult to do. <br /><br />I guess you Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-71130445101147733512020-04-05T19:21:23.103+01:002020-04-05T19:21:23.103+01:00Single share down 50% since mid Feb. That’s why it...Single share down 50% since mid Feb. That’s why it was a relatively small amount. There are several in the FTSE 100 that have tanked. Ouch. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-29949091617648484172020-04-05T10:59:34.977+01:002020-04-05T10:59:34.977+01:00Are you sure you've lost 50% with your shares....Are you sure you've lost 50% with your shares. The FTSE100 from peak is 'only' down 29.4% whole the S&P 500 is 'only' down 26.5%. Do you know what is driving the big decline?RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-53546902873363760662020-04-05T10:55:40.425+01:002020-04-05T10:55:40.425+01:00Good to hear all is well in the TA bunker.
At thi...Good to hear all is well in the TA bunker.<br /><br />At this stage I think our tax position will worsen, a lot, as we'll lose the tax efficiency of ISA's. Don't want to let the tax tail wag the life dog though. For us when considering locations it's always been a consideration but not a driving force.RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-69193180680303843422020-04-05T10:23:42.418+01:002020-04-05T10:23:42.418+01:00This is a whole new dimension of planning for you ...This is a whole new dimension of planning for you to think about. You must be in your element :-) Will your overall tax position improve or worsen in the new country? <br /><br />All well in The Accumulator bunker. It's an interesting time to take stock and reflect on what really matters to us. The Accumulatorhttp://www.monevator.comnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-45086575783921474202020-04-05T09:11:06.271+01:002020-04-05T09:11:06.271+01:00The shares plummeted but only a small % of my asse...The shares plummeted but only a small % of my assets. They dropped from £26k to about £13k. <br /><br />The invested SIPP dropped £530k to £470k. <br /><br />The cash element of SiPPs stayed at £165k<br /><br />The S&S isa still at £20k and added £10k last week. Still in cash with Halifax Share Dealing.<br /><br />I also hold significant cash deposits ie £300k and another £240k which WAS (andAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-46863714741338830812020-04-05T08:49:15.872+01:002020-04-05T08:49:15.872+01:00Hi Pops
Really glad to hear you're coming out...Hi Pops<br /><br />Really glad to hear you're coming out the other side. We're all still untouched. TBH I'd prefer to have had it and recovered at this point so envy you and I don't envy anyone.<br /><br />Do you have a view on how much your portfolio is currently down? Our approaches are very different so it would be interesting information.RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-1427431657501323812020-04-05T08:45:36.416+01:002020-04-05T08:45:36.416+01:00Hi TA
Yes, that's the plan, just like I ended ...Hi TA<br />Yes, that's the plan, just like I ended up with VUKE/VMID here. Additionally, if the ETF/fund holding local equities is locally domiciled then there are significant tax advantages to be had.<br /><br />Looking a little wider than asset allocation and more to come but crudely:<br />- Leave SIPP's in the UK. Plan to take tax advice but initial research suggests no advantage to RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-67748979384185355352020-04-04T16:33:02.364+01:002020-04-04T16:33:02.364+01:00Hi RIT, if you decide to move, will you buy a sing...Hi RIT, if you decide to move, will you buy a single-country equity ETF / bonds in the currency of your destination? <br /><br />Glad you and yours are keeping safe and well!The Accumulatorhttp://www.monevator.comnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-9623660063382726332020-04-01T21:55:53.537+01:002020-04-01T21:55:53.537+01:00Yes, I agree with you that this is giving the plan...Yes, I agree with you that this is giving the planet some much needed respite. Like you I really hope it doesn’t go on too much longer. Stay safe.Penelopenoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-83877400076018446632020-04-01T12:38:27.279+01:002020-04-01T12:38:27.279+01:00Pops 321
I have had fever, persistent cough and lo...Pops 321<br />I have had fever, persistent cough and lost my sense of smell.....and whilst this was a relatively mild version of a flu (and probably the Choronavirus) at the time finance was the last thing on my mind and it brings everything into perspective. Day 10 and over the worst I think. <br /><br />My pension with the Pru is expensive but I guess it brings the balance you are achieving. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-87484652902443079472020-03-29T14:05:07.032+01:002020-03-29T14:05:07.032+01:00When I was in my previous job (I know longer call ...When I was in my previous job (I know longer call it work as in the end I now know it wasn't that) I found the best method to communicate was to:<br />- present the data<br />- discuss the data and not the person as then it's not personal<br />- seek feedback on the data and discussion<br /><br />That method also flooded over into my personal life for 'difficult' conversations. RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-59116370391033311062020-03-29T13:44:00.856+01:002020-03-29T13:44:00.856+01:00Thanks RIT . I always wonder whether my directness...Thanks RIT . I always wonder whether my directness will be seen as offensive . I know some ( and not just RIT readers ) do think just that - but you, RIT , seem to cope . I expect that this was a common situation that you had to deal with at your work. My work was as a GP partner in a large and very busy , multicultural and multi- economic practice - with multicultural /multi-ethnic partners . Westringvestnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-23827288767211620032020-03-29T12:44:37.753+01:002020-03-29T12:44:37.753+01:00You know how much of a tease I am :-)
On a more s...You know how much of a tease I am :-)<br /><br />On a more serious note this one is a long road and we are in the very early days. This is a much much bigger life change than Cyprus/Spain/Malta with much stronger pros but also much stronger cons. We therefore want to ensure we give the UK a fair FIRE go and prior to this COVID-19 situation we have been looking back at places like Herefordshire RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-91411354031230642782020-03-29T12:30:33.327+01:002020-03-29T12:30:33.327+01:00Hi stringvest
That is a very long story with a co...Hi stringvest<br /><br />That is a very long story with a couple of them at a high level being history and confidentiality. I've mentioned before that Mrs RIT does have a portfolio, which is significantly smaller than mine, but for now less tax efficiently invested. She is therefore also using as much her capital gains tax annual exempt amount as she can.<br /><br />Worth also adding that RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-91308218273148185172020-03-29T12:22:13.792+01:002020-03-29T12:22:13.792+01:00Good to hear from you weenie. I tried to post a c...Good to hear from you weenie. I tried to post a comment on your last blog and for some reason it was eaten, twice. Not sure if it's in your spam or whether a problem at my end. Can't remember the question now though. Must be old age! LOL.<br /><br />All the best to you and those around you as well.RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-24664274451191978602020-03-29T11:50:03.936+01:002020-03-29T11:50:03.936+01:00What is it about teasing us by not revealing your ...What is it about teasing us by not revealing your planned destination ? We won't care if you change your mind , plan not to go anywhere after all and maybe buy a house in UK. Are you worried that you may be seen as being indecisive and not in control ?stringvestnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-91312683593159162112020-03-29T11:44:15.124+01:002020-03-29T11:44:15.124+01:00It is hard to sell assets that have not performed ...It is hard to sell assets that have not performed as you had hoped or expected. A commonly suggested way to help " get over " this is to ask yourself - would you buy this asset now to add to your portfolio if you did not own it already. It is never as simple as that but you can also consider whether holding on means you are accepting likely reduced returns to persist and are missing stringvestnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-21105355319241545732020-03-29T11:34:26.432+01:002020-03-29T11:34:26.432+01:00I have always found it a bit odd RIT that you seem...I have always found it a bit odd RIT that you seem to deal with your investments in total isolation from the rest of your family. For reasons of confidentiality I can see that there may be problems doing that . Does your wife pay CGT or at least try to use up her CGT allowance each year ? If not - why on earth do you not transfer some assets to her so she can use up her CGT as well ? Probablystringvestnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-84966911706237098572020-03-29T05:44:04.438+01:002020-03-29T05:44:04.438+01:00My problems with P2P are multi-layered:
There'...My problems with P2P are multi-layered:<br /><br />There's poor oversight of the companies by the regulators - although getting better. <br /><br />A number of the P2P companies are turning out to be poor assessors of loan risk and value of anything secured against loans. Some aren't that great at pursuing bad debt or tackling outright fraud. Few were around to be tested by the 2008 ChrisGhttps://www.blogger.com/profile/15472215457694507387noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-29923825860008692592020-03-28T19:03:46.201+00:002020-03-28T19:03:46.201+00:00Good to hear that you and your family are fine, RI...Good to hear that you and your family are fine, RIT.<br /><br />My only sale so far has been half of my holding in VUCP, which was a beacon of green (+4%) in a sea of red so I used the cash to top up the poorly equities.<br /><br />I'm continuing to invest when I have the cash - no idea if we're at the bottom, so since I've been investing as the markets have been going up these past weeniehttps://www.blogger.com/profile/01602950445306813601noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-89995063459385280182020-03-28T17:56:24.610+00:002020-03-28T17:56:24.610+00:00Being 90-95% equities in normal times, I sold 40% ...Being 90-95% equities in normal times, I sold 40% after being hit by -10%. It was clear that no good news will be forthcoming in the next few quarters, perhaps the whole year or two, so it was a logical decision. Have since bought some of the same positions back, but cheaper. Cash currently still stands at 32%. Silver 3% (as an insurance). Rest is shares. I am in for the long haul, but I expect Adamhttps://www.blogger.com/profile/08236669803303452200noreply@blogger.com