My retirement plan?

fleetwood

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Hello as title says I was wondering on what the t2w's thoughts might be on my retirement plan.
I have £70,000 with 17/18 years till retirement. I also have a descent ish pension when I retire(work for NHS),but I want to try and make sure I'm not to reliant on my pension alone.
Any way my current thoughts are as I'm a low risk taker and I dont have a huge amount of time is -

£40k/50k on bonds/cash and try to find the best yields with the lowest amount of tax.

£10k/15k in a green tech fund if there is one.

£10k/15k in a asian fund.

Love to here your thoughts even if its to tell me Im a plonker and I should be doing something completly different. Also if you have any recommedations on best funds/banks/bonds to buy into or how to avoid as much of the tax a possible that would be great.

Thanks again
 
first of all, i dont think many ppl here are specialized in investment. most of us here i believe is onto trading.

get it clear first if you want the money direct onto investment or trading..?
 
Your question will attract sharks and spammers,in addition to any well intentioned reply . Better to ask your bank or a financial advisor; maybe write to the financial editor of the Times or Guardian newspapers for example.
 
If you're looking for a simple investment strategy you may want to take a look at Infiniteyield Forex.

Have a look throught the blog and see what you think, may be of interest to you, may not.

It's not been updated much but he is still sending out the entry points on Mondays and Fridays.
 
Your question will attract sharks and spammers,in addition to any well intentioned reply . Better to ask your bank or a financial advisor; maybe write to the financial editor of the Times or Guardian newspapers for example.

in my opinion, there are financial advisor/financial editor probably know nothing more than you do. they are paid for their words, not the truth.
 
Ok I'll be honest the advise is for my dad. I thought it might be easier to just say it was me. I'm already a trader and have been lurking around on this site for some time now. I just wanted to here your thoughts.
He's not interested in being an active investor/trader and he has already been burnt pretty hard by taking advice from his bank. My advise to him was to ever speak to a PAID FOR financial advisor or I told him maybe to think about what I just said earlier. I really dont trust the advisors at banks, I think there more like salesmen. Anyway I've now been sent on a mission to find a decent advisor in my area and I was also curious on what your thoughts were(green tech/asia).
Thanks for the comments any way I'll just have to keep looking.
 
i would recomend stuffing it under your mattress tbh..nothing is safe and its anyone guess as to what the future holds
 
By paid for, I assume you mean someone who isn't on commission... or else they'd also be a salesman.
 
Yes. I figure if you atleast pay for advise theres no hidden agenders and you would hopefully get some good honest advise.
 
Yes. I figure if you atleast pay for advise theres no hidden agenders and you would hopefully get some good honest advise.



Fleetwood,

Im an Independant Mortgage broker and work with a couple of Independant Financial
advisers who are not tied to any Banks and could give your dad the right advice.

PM me your number and i'll pass the details onto my colleague to contact him.

At worst if he doesnt take the advice there wont be any fees.

I didnt want to pm this message as i didnt want it to look like some sort
of spammer.

Ged
 
I have saved some amount for retirement and willing to invest in stocks and bonds. I have hired a financial advisor for guiding me in my investment as I heard they are good in giving financial advice.
 
hey dude

most of the people here are traders (really NVP ? )

17/18 years requires an investment strategy so a completely different ball game

get some advice from a decent Financial advisor...may cost a few quid .or it will take you 6 months to educate yourself and cut out the middlemen taking commission based decisions for you

as a general start the Motley Fool isnt a bad place to start the education

otherwise heres a few ideas thoughts from me

1) all decisions must be based around the tax and legal domicile of the investor

2) dont make investments solely on tax benefits - but it will certainly be a major part to success or failure

3) spread the risk across uncorrelated asset classes (good luck !)

4) minimize asset reallocations as transaction costs hurt

5) be patient ...you have 17/18 years to ride the rough with the smooth periods

6) reinvested cashflow is king ....so value all assets based on projected cashflow and not asset value

7) within 3-5 years of the target date get advice in rebalancing porfolio to minimize risk and start to prepare assets for liquidisation

Good luck
N
 
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