/biz/ - Business & Finance

>>53290280
>British Pound
>low risk

go on r/ukpersonalfinance
one of the few meme free subs actually worth something

>>53290280
What is your income and expenses at the moment?

>>53290280
Just keep a few k as emergency fund, DCA the rest in stocks (stock isa? Idk I’m not from the UK) if you want to play it safe

>>53290368
Income:
~£1600 a month

Expenses:
£600 on rent & bills (fixed)
Probably ~£200 on food a month
£150 Travel & Social (Bus to work, trains, gigs, drinks)

>>53290339
thanks m8 I'll check it out and might ask around on there later

>>53290406
Not a bad idea thanks for the advice. Stocks aren't big here desu. I have most of my cash in a help-to-buy ISA which will let me steal ~£3k from the government if I eventually buy a house. I'm starting to think this isn't really worthwhile though as I miss out on opportunities in the meantime (£200 deposit limit per month - unlimited withdrawal though) and has a pretty mediocre interest rate (1.9%)

>>53290280
Hold dollars instead of £, also gold is very expensive right now just so you know (buy it under 1650$)

If you really want some safe long term buildup put some of the low risk on Berkshire Hataway stock and let ol'Warren work for you (it's pretty much leveraged and hedged Nasdaq/S&P).

>>53290446
What to do really depends on what you're investing for. If you want the cash to spend on something in the next 5 years then use premium bonds and a cash ISA to keep your cash and try to hold off against inflation.

If it's for something longer term than 5 years then something more similar to your screenshot would work. Keep enough cash to cover 3-12 months of expenses depending on how safe your income is (and consider if you could just move back with parents with no fuss). I'd consider some PMs (mostly silver), but don't scale it as a % of net worth. And otherwise use BTC or index funds in a stocks and shares ISA. The ISA will mean no taxes on capital gains or distributions, but it's very reasonable to think you'll get more from BTC in the long term even with 20% CGT.

Some options that you won't get from arr slash UK personal finance or normies:
- Don't buy a house in the UK. It's a dying country, houses are obscenely expensive and you don't want so much of your worth tied up there.
- If your monthly income is £1600 (I'm assuming that's after tax) you're much better off trying to increase your income than thinking about investing, assuming you're not committed to a life of minimalism.

>>53290280
Go back to your containment thread and stop this stealth shilling thread

>>53290280
Bump. IDK what to do with my savings other than term deposits (good luck keeping up with inflation) and retirement fund which I can't touch for 40 years. I'd dump it into stuff like the S&P but all this talk of recession has me spooked.

>>53290600
>>53290280

>- Don't buy a house in the UK. It's a dying country, houses are obscenely expensive and you don't want so much of your worth tied up there.

This guy is right, also the grenade of the next housing market crash is already unpinned, look at mortgage rates, sky-high rents, negative wages growth etc... Don't buy that shit now

>>53290703
This coming recession is the best chance of your life to buy cheap stocks, don't miss it.

>>53290600
Thanks for the advice it's appreciated. I'll have a think and not rush any decisions but I'll definitely keep this reply in mind thank you.
I agree with your view on housing but paying £600 a month on rent money feels like I'm flushing money down the drain

>>53290773
I'll keep waiting bro. Godspeed

>>53290280
Invest in bank stocks from Europe.
They have low P/E ratio and as long as the rates are above 2% they will be massively profitable.

>>53290280
You should invest in higher risk assets when you are younger and lean heavier into low risk assets as you age. If you lose your ass at 25 you have a lot more time to recover than taking a major L at 65. For a hot and fast rule I would say you want your age to be your % of low risk assets (so for a 21 year old you'd want 21% of your investments in safe shit)
>low risk assets
Bonds
CD's
Dividend aristocrat/king stocks
Index funds/lifecycle funds
>high risk assets
Any e-coin
Stocks that aren't dividend kings especially tech stocks
Collectibles like limited edition video games, trading cards, rare & gay funko pops, w/e
>other thots
Don't look at a house until you have 6 figures in investments
Don't listen to this other gay anon saying not to invest until you raise your income, you can make money even with 4 or 5 figure poorfolio and oftentimes it might take years to raise income significantly
You don't need more than 2 months savings as a young person, every dollar you hold in your bank account you are losing money on inflation and its dollars that /could/ have been earning you more instead of depreciating (opportunity cost). If you run into serious financial problems you can sell assets and transfer the cash back in under a month
Despite saying don't hold cash in your bank I'm a big proponent of holding 5-10% of your investment portfolio in cash. You can't buy good opportunities if you don't have anything liquid, and there have been rumblings of global financial meltdown for a few years now.

>>53291424
>Don't listen to this other gay anon saying not to invest until you raise your income
I didn't say not to invest - if you have spare money above your expenses then you should invest it, whatever that amount is. That was what the bulk of my comment was about. I meant worrying about exactly how to allocate ~£650/month would better be spent worrying about increasing your income.

>oftentimes it might take years to raise income significantly
OP's salary is something around £23k, for a take-home of £1600. It would not take years to significantly increase that.