As of 0700 when the funds cleared Mrs Didds and I are now mortgage free.
Which frees up several hundreds of pounds per month ... which we will now squirrel away into some pathetically inadequate retirement fund I appreciate that in reality that won't yield an enormous fund/amount - more a case of every litle helps etc
I'm thinking along the lines of tracker funds - albeit at age 56/57 we're probably only got a decade or maybe 15-ish years time to save anything in reality . So any generic suggestions would be welcomed to get a feel for what we can do . I don't have the inclination to constantly research buy/sell so direct investments probably aren't for us (which in reality means me ).
cheers
didds
Got a credit card? use our Credit Card & Finance Calculators
Thanks to Wasron,jfgw,Rhyd6,eyeball08,Wondergirly, for Donating to support the site
The next step....
Forum rules
Direct questions and answers, this room is not for general discussion please
Direct questions and answers, this room is not for general discussion please
-
- Lemon Half
- Posts: 5310
- Joined: November 4th, 2016, 12:04 pm
- Has thanked: 3295 times
- Been thanked: 1034 times
-
- 2 Lemon pips
- Posts: 243
- Joined: August 15th, 2018, 9:31 pm
- Has thanked: 114 times
- Been thanked: 135 times
Re: The next step....
Congratulations on paying off the mortgage! A big step and one I plan to follow within the the next year.
I would suggest something like the vanguard life strategy or target retirement products are worth a look for what you describe. Low cost broadly diversified trackers balanced with bond funds to manage risk to a retirement.
Thanks,
Juan.
I would suggest something like the vanguard life strategy or target retirement products are worth a look for what you describe. Low cost broadly diversified trackers balanced with bond funds to manage risk to a retirement.
Thanks,
Juan.
-
- Lemon Quarter
- Posts: 2941
- Joined: November 4th, 2016, 3:46 pm
- Has thanked: 640 times
- Been thanked: 496 times
Re: The next step....
My own strategy was a fixed rate one year for the first year and then cash that and invest into a self select ISA, mainly bought on a long term buy and hold with the holdings split between 50% purchased for growth the other 50% for dividends.
Despite some real stinkers (anything retail, Marconi, Barclays) I have achieved over 15% growth per annum, which is way more than I can see getting from any other for of savings.
I tend to only look at them one a month.
Slarti
Despite some real stinkers (anything retail, Marconi, Barclays) I have achieved over 15% growth per annum, which is way more than I can see getting from any other for of savings.
I tend to only look at them one a month.
Slarti
-
- Lemon Quarter
- Posts: 2193
- Joined: November 4th, 2016, 8:26 pm
- Has thanked: 887 times
- Been thanked: 1021 times
Re: The next step....
Slarti wrote:My own strategy was a fixed rate one year for the first year and then cash that and invest into a self select ISA, mainly bought on a long term buy and hold with the holdings split between 50% purchased for growth the other 50% for dividends.
Despite some real stinkers (anything retail, Marconi, Barclays) I have achieved over 15% growth per annum, which is way more than I can see getting from any other for of savings.
I tend to only look at them one a month.
Slarti
Blimey 15% pa.
Has Warren Buffett contacted you for investment advice?
How long have you maintained your investment performance at this rate?
Yours respectfully
Howard
Who is online
Users browsing this forum: No registered users and 30 guests