Starting at a BB in London soon and am looking at options of investing the bulk of extra money I’ll have once I start earning. For now, I’ve just thought of putting savings into ETFs.
What are others in my position thinking? What do senior bankers recommend?
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ETHEREUM
FTSE Global All Cap with Vanguard. Contribute each month. Buy and forget. It's not sexy but will do the job over the long run.
This. I am generally convinced that people are better off focusing on getting early promotion rather than trying to get a few extra bps in the market
Mutual funds
Would suggest to put everything into ESG MSCI World and EM ETFs (70/30 split).
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Thinking about the same thing, browsing different ISA right now.If you are looking into buying a house down the line I guess there is the option of putting some money into the lifetime ISA?
bump, same question about LISA
Max out your ISA every tax year and put it in a mix of ETFs (I have UK equities, Global large cap, Tech, and clean energies).
Excess I have it in a more conservative portfolio with 65% equities / 25% Fixed income / 10% short term no risk investments (mainly my rainy day fund so liquid accounts paying fixed 0.5% p.a kinda thing, some was used during covid to buy at the bottom).
Don’t ever pull out money of your ISA, but from your other portfolio the day you want to buy property etc, as ISA is taxfree money including capital appreciation.
You can never close an ISA account without paying tax on it?
Leveraged naked short on the VIX. I don't see how this could go badly
I do this as well but wonder if trading restrictions apply to you?
I'm just an intern but I'm thinking about using SA proceeds to buy a rental property or land somewhere.
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SPXL (leveraged etf tracking s and p 500 on NYSE)
Why not just load up on a daily 3x leveraged etf lol
Leveraged ETFs actually aren’t as good of a long term holding as you would think. Personally I can’t explain it well at all, but I looked into it pretty extensively and something about the way they function with like rebalancing or something gets in the way of returns
I use Wealthfront (one of the robo-advisors) and just have it auto debit from my bank account twice a month.
Works way better than any decision making of my own.
I did the same with Betterment and it does the job. Prevents me from having to spend time picking winners and it auto adjusts the allocation. Roboadvisors can be really convenient if you just want exposure.
Some pretty conservative suggestions here
What do you recommend? I'm trying to gain freedom ASAP sick of this shit. Crypto, leverage, or something else? Looking through your post history you seem like a successful guy how can I be like you?
Well there’s nothing wrong with the suggestions. Just abt risk. I personally like to take a lot more risks than index funds.
Through your networks you should be able to find good VC or opportunities that are about to list but at a significant discount, possibly 90%+. Seen them a lot.
yes crypto is good too not for everyone. You could always invest in companies operating in this space to get op leverage
Yeah what would you suggest
I do 80% SPY, 20% interesting single names that I think have multibagger potential
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