Charges and fees can seriously eat into your returns. When you fail to achieve adequate growth you run the risk of your wealth decreasing and if this happens during your retirement it can have disastrous consequences. To help increase the probability that this doesn’t happen to you, I’m now going to attempt to simplify charges and the cost of investing.
In our last post we looked at historical ISA limits. We saw how its been possible for a couple to shelter £424,560 from the taxman since 1987. However, even more significantly, they could have become ISA millionaires if their money had grown by 7% each year.
ISAs and SIPPs are two of the UK’s best-kept investment secrets. The ISA is the UK's top tax shelter but if you want to save for retirement, you have to consider pensions as an alternative. They are known as wrappers and are great tax efficient vehicles for helping you build and preserve tax-free wealth. They are also your secret weapon in helping you to beat the market. In this post we’ll look at why.
In our last post we looked at why we switched out of a fund that had returned 13.1% over the last 14 months. We channeled half of the proceeds (about 14.5% of our total portfolio) into our star performing fund and the rest into a new fund.
In this post we'll look at the performance of the other funds we own in the first financial quarter of the year.
On 9th March we switched out of a fund in our portfolio. The fund in question was the Fidelity India Focus fund and we channeled half of the proceeds (about 14.5% of our total portfolio) into our strongest fund, Fund A and the other half into a new fund, Fund D.
The Fidelity India Focus fund had had returned 13.1% over the last 14 months, so in this post we're going to explain why we made the switch.
In this series of posts, we're looking at how your can draw up a retirement savings plan, with the aim of enjoying comfortable and secure lifestyle later in life.
In this series of posts, we're looking at how your can draw up a retirement savings plan, with the aim of enjoying a comfortable and secure lifestyle later in life. Last time we looked at the first two steps of creating a retirement savings plan and the importance of factoring in inflation.