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Non-US Investing • Uk portfolio review request with some holistic advice questions

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Thank you for the fantastic feedback both.

There is definitely a grey area with the bank and while the terms and conditions say it shouldn't be done, I think many do it. If it does transpire in the terms and conditions that it can't be done then I won't be doing it, just not worth the headache.

I think with some thought I would want my budget to be on or around £10k, and how ever long that gets me. I would rather 3 months with luxuries than 6 months on a shoe string. With my anxiety I would want to set myself up for success, so would be paying for upgraded flights (premium not business just to make it more comfortable). I would also do a mix of hotels and hostels, but my own room. Thailand, Vietnam, Cambodia and Laos would be the target countries but will require some good planning. I am also learning Spanish in my spare time and wouldn't rule out Latin America either!

Thank you Valuethinker for sharing the stories about yourself, you father and friend. Very sobering, and I appreciate you sharing them as it has taken the decision from a maybe to a definitely.

I am in the fortunate postion that in comparison to my income and age I have a moderate degree of wealth, but I think it is important that I spend to my income and not my savings, while trying to enjoy that money. I did give some consideration to spending the dividends, allowing the principle to grow (albeit restricted) which could be a good in-between of living in the now and accumulating for the future, until my income catches up with my wants. The accumulator in me has poo-pood that idea, but I would be interested to hear the forums thoughts.

With regard to the mortgage expiring, this was something that was discussed in my last thread and I have worked out that even if rates are at around 5/6% on remortgage, it is affordable but a stretch, until my income catches up. I think I would rather retain liquidity and access to my money than put further money away towards my mortgage. Again, happy to have feedback on that.

I see both of your points about ammending my asset allocations on my post-tax investments to 80/20 and will action this when the markets open tomorrow across my non-pension and LISA portfolios.
Yes to liquidity over paying down mortgage.

It was more if mortgage rates stay high - in 2027. Having a mental plan.

Statistics: Posted by Valuethinker — Tue Jun 18, 2024 2:56 am — Replies 7 — Views 614



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