Where would you put 500 a month for the next 10 years?

[HerefordBullyun]

15 minutes ago, Stacktastic said:

 

I think I shall still gather collectibles like Rum & PORN

 

Fixed that for you!

[Stacktastic]

10 minutes ago, HerefordBullyun said:

Fixed that for you!

Trust me I have a folder on everything you can imagine - its verging on sheldon copper territory. 
If only I had invested that effort into crypto or somehting. years wasted (literally) looking at tits. 

[Pete]

18 hours ago, Stacktastic said:

I have thought about a childs ISA but it gets locked up for 18years and the child owns it.
 

I never had the opportunity to consider children's ISAs but the way I see it ( correct me if I am off-course here ) - you put money into an ISA and of course if it remains in cash it just looses value unlike equities and various funds etc so got to get something that earns interest / dividends etc. Hopefully with reinvested dividends the funds will grow compound.
By way of an example if you start with £100 and assume a miserly 4% annual growth at the end of 10 years this would be worth £148 and after 15 years £180. All growth tax free.
A child reaching 18 that is handed an account containing cash is most probably going to blow the lot on a wild party and maybe some fancy clothes, shoes or phone.
NOT A GOOD IDEA !!!
I think what is much better is to open a SIPP for a child and start putting money in to get instant significant gains.
For every £100 you invest the government adds £25 so you can select exactly the same funds etc as you would for an ISA but instead of starting with £100 you start with £125.
The maximum you can put into your child's SIPP every tax year is currently £2,880 which is grossed up to £3,600 !

The drawback >> BUT A GOOD THING FOR SURE << is that your child cannot raid the piggy bank until aged 55 ( that might change in future in line with pension age ).
Tax may have to be deducted on withdrawals depending on circumstances but the benefits of compounded growth tax free inside the SIPP plus the free money is significant over the long term.

Please always check financial stuff and research suggestions as everyone has a different outlook and attitude to risk etc. and from my side I am not qualified to make any recommendations so always take financial advice if necessary.

Edited December 15, 2021 by Pete
typo

[Stacktastic]

3 hours ago, Pete said:

I never had the opportunity to consider children's ISAs but the way I see it ( correct me if I am off-course here ) - you put money into an ISA and of course if it remains in cash it just looses value unlike equities and various funds etc so got to get something that earns interest / dividends etc. Hopefully with reinvested dividends the funds will grow compound.
By way of an example if you start with £100 and assume a miserly 4% annual growth at the end of 10 years this would be worth £148 and after 15 years £180. All growth tax free.
A child reaching 18 that is handed an account containing cash is most probably going to blow the lot on a wild party and maybe some fancy clothes, shoes or phone.
NOT A GOOD IDEA !!!
I think what is much better is to open a SIPP for a child and start putting money in to get instant significant gains.
For every £100 you invest the government adds £25 so you can select exactly the same funds etc as you would for an ISA but instead of starting with £100 you start with £125.
The maximum you can put into your child's SIPP every tax year is currently £2,880 which is grossed up to £3,600 !

The drawback >> BUT A GOOD THING FOR SURE << is that your child cannot raid the piggy bank until aged 55 ( that might change in future in line with pension age ).
Tax may have to be deducted on withdrawals depending on circumstances but the benefits of compounded growth tax free inside the SIPP plus the free money is significant over the long term.

Please always check financial stuff and research suggestions as everyone has a different outlook and attitude to risk etc. and from my side I am not qualified to make any recommendations so always take financial advice if necessary.

Totally in agreement with child ISA, I would rather invest it in the stock market or other assets. 
A cupboard full of rum & whisky would beat inflation better than it sitting there while the bank makes 50% gains on bitcoin LOL. 

Leaving my cash in the hands of the government for 50 years is not a pursuit I want to go in for. Call me Paranoid, but looking at Klaus Swabbs book 'covid the great reset' & his new catch phrase 'you will own nothing and be happy' I shall take my chances with private investments regardless of how much they promise to pay me. I did not like the government paying me money last year for sitting on my arse - dodgy.  Also lets not forget that a new monetary system is the whole point in this great reset so the next 10-40 years is an unknown with all this CBDC c**p. Klaus has also got on his WEF website 'we will see a depression much greater than 1929' thats one thing I am in agreement with with that phycopahic wankar.  

But im not joe public so its a different situation - I have started trading semi professionally now (small account) so should be able to beat most ETF's and especially bank stock ISAS or what ever the general public throw thier money into!! 

Edited December 15, 2021 by Stacktastic

[KevjustKev]

As said by many shares, iSA's and the like.

However what do you know about?

I know a goodly amount about guitars, most people that have a guitar don't. Bought one off Facebook market place a little while ago, £9, yes nine quid. A good wash and brush up and new strings, sold for it £120 two weeks later. It took me less than an hour to clean and set the guitar up (did include putting a shim on the neck) and spent £5 on new strings. How much does my labour cost, nothing and everything. 

Another one, again from facebook market place, £120 to £450, took a hell of a lot more work, needed to steam the bugger!!!

 

 

 On the lookout for a JV or SQ numbered Made in Japan Squier, they have doubled in pri last five years.

I also collect copies of Wisden, can easy double my money on those.

Hope you know what I mean. 

Edited February 10, 2022 by tallthinkev