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Quote from: Carl2009 on July 24, 2014, 05:04:16 pmQuote from: gary999 on July 23, 2014, 10:15:52 pmThe return on pensions is rubbish,that is if you any return at allIf you have cash on the hip property is always a good investmentInteresting thread. There is no right and wrong way. Everyone is different and at different stages in their lives their needs are different. I for one don't want to invest just one way. The first thing I did was get an offset mortgage. My wife an I paid our mortgage off after 15 years. Paying interest on a mortgage is a killer - get shot as soon as you can I say - and an offset mortgage effectively gives you interest on your savings at your mortgage rate. Usually this is significantly higher than the savings rate.Re. the OP's original question I have had several pensions set up for years now. Here is the annual return in % (that is, increase in fund size) on each for the last 12 years. These figures exclude the contributions I make (I have another spreadsheet that tracks this too... ), so this is exactly how each has performed.... Remember these are % growths, like interest.Pension 123.89818.882-3.43653.42933.53742.63918.5783.245-9.904The average is 20.61% per year growthPension 2107.9130.653.055.829.713.9-6.846.123.29.217.921.9The average is 41.87% per year growthPension 319.460.938.636.028.9-4.8-16.636.03.510.05.26.052.68611.55811.66919.38212.400The average is 18.60% per year growthAs you can see there are some years where the pension fund has reduced in size, indicated by a minus growth figure, but generally they grow and grow well. I'm happy, but won't be taking out any more as I'm 51 next month and want a spread of investments as it were. As they say, the key is to start these things early, even if it's a small amount - £20 a month. I also get the government to gross my contributions up, rather than getting tax relief on them. Also do a bit of research about "pound-cost averaging": http://www.moneyextra.com/dictionary/pound-cost-averaging-003482.html And yep, back in the Eighties I used to sell pensions and savings plans for a life assurance company I'd say do a bit of reading on the internet on Money Saving Expert and similar and then see a financial advisor. Don't go to a bank or a building society as they will only sell you their products which may not be the best on the market.Hope this has helped.best thing i ever did was buy property,i was lucky enough to havea large amount of cash on the hip.I bought a couple of propertieshere in the late nineties and several cheap properties in bulgariain 2000 in the varna and bansko areas,before they entered theEU.I guarantee a pension wouldnt of given me the kind of returni got when i sold in 2007.55 im retiring all being well healthwise i shall be leaving forItalia matey and will be living my dream
Quote from: gary999 on July 23, 2014, 10:15:52 pmThe return on pensions is rubbish,that is if you any return at allIf you have cash on the hip property is always a good investmentInteresting thread. There is no right and wrong way. Everyone is different and at different stages in their lives their needs are different. I for one don't want to invest just one way. The first thing I did was get an offset mortgage. My wife an I paid our mortgage off after 15 years. Paying interest on a mortgage is a killer - get shot as soon as you can I say - and an offset mortgage effectively gives you interest on your savings at your mortgage rate. Usually this is significantly higher than the savings rate.Re. the OP's original question I have had several pensions set up for years now. Here is the annual return in % (that is, increase in fund size) on each for the last 12 years. These figures exclude the contributions I make (I have another spreadsheet that tracks this too... ), so this is exactly how each has performed.... Remember these are % growths, like interest.Pension 123.89818.882-3.43653.42933.53742.63918.5783.245-9.904The average is 20.61% per year growthPension 2107.9130.653.055.829.713.9-6.846.123.29.217.921.9The average is 41.87% per year growthPension 319.460.938.636.028.9-4.8-16.636.03.510.05.26.052.68611.55811.66919.38212.400The average is 18.60% per year growthAs you can see there are some years where the pension fund has reduced in size, indicated by a minus growth figure, but generally they grow and grow well. I'm happy, but won't be taking out any more as I'm 51 next month and want a spread of investments as it were. As they say, the key is to start these things early, even if it's a small amount - £20 a month. I also get the government to gross my contributions up, rather than getting tax relief on them. Also do a bit of research about "pound-cost averaging": http://www.moneyextra.com/dictionary/pound-cost-averaging-003482.html And yep, back in the Eighties I used to sell pensions and savings plans for a life assurance company I'd say do a bit of reading on the internet on Money Saving Expert and similar and then see a financial advisor. Don't go to a bank or a building society as they will only sell you their products which may not be the best on the market.Hope this has helped.
The return on pensions is rubbish,that is if you any return at allIf you have cash on the hip property is always a good investment
Quote from: PoleKing on July 23, 2014, 05:49:01 pmAm I the only one who'd be quite happy never to retire? I like my work. I'd get bored if I didn't work.I think I'll work until the day I die, whether I need to or not.We don't know what's around the corner though. Our health may force us to retire.I've got a pretty good army pension; payable from when I'm sixty years old.
Am I the only one who'd be quite happy never to retire? I like my work. I'd get bored if I didn't work.I think I'll work until the day I die, whether I need to or not.