wejustwannahavefunds

Home
wejustwannahavefunds

Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from wejustwannahavefunds, Digital creator, .

22/11/2021

inflation's reached its highest point in a decade but as you can see, prices have actually been rising pretty steadily through 2021.

𝘄𝗵𝘆 𝗮𝗿𝗲 𝗽𝗿𝗶𝗰𝗲𝘀 𝗿𝗶𝘀𝗶𝗻𝗴, 𝘆𝗼𝘂 𝗮𝘀𝗸?
🔘 increasing energy prices as a result of increasing demand for oil + gas

🔘 shortages of many goods (incl. building materials and computer chips - raw materials that are the foundation for so many other goods, so high demand / low supply for raw materials = higher prices of raw materials = translated onto prices of goods/services that utilise those materials)

🔘 brexit hasn't helped - compounding goods and people shortages. Heard there was a lorry driver shortage?

🔘 the government lent a lot of support to businesses during the pandemic (e.g. reduced VAT on hospitality) and was also injecting money in to stimulate the economy. This has all ended, RIP.

-------
💰

19/11/2021

taxes add up quickly and are complicated AF to think about, period!

𝗮 𝗰𝗼𝘂𝗽𝗹𝗲 𝗼𝗳 𝘁𝗵𝗶𝗻𝗴𝘀 𝘁𝗼 𝘀𝗲𝘁 𝘆𝗼𝘂𝗿 𝗺𝗶𝗻𝗱 𝗮𝘁 𝗲𝗮𝘀𝗲

👉opening a Stocks & Shares ISA allows you to invest up to £20,000 each tax year without incurring capital gains tax.

👉if you get to maximising your ISA (congrats!), then you're only taxed on capital gains *after* your gains exceed £12,300 (that is, the capital gains allowance for 2021/22 in the UK).

-------
as always, here to be your personal finance BFF but I'm not a financial advisor. Pls do your own research!
------

19/11/2021

fear of the unknown is so normal and relatable, especially when it comes to your hard-earned cash. I get it.

𝘄𝗵𝘆 𝗯𝗼𝘁𝗵𝗲𝗿 𝘁𝗿𝘆𝗶𝗻𝗴 𝘁𝗼 𝘁𝗶𝗺𝗲 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁
📉while it can be tempting to wait for “a dip” to take action, it’s almost impossible to try to time the market. This is true for experienced professionals and for beginners alike.
🚨don't forget: professional investors have access to a constant flow of real-time information you simply can't compete with as a private investor...

𝘄𝗵𝗮𝘁 𝗜'𝘃𝗲 𝗹𝗲𝗮𝗿𝗻𝗲𝗱
💡one of the best ways to ride the waves of the market is to invest regularly. You’ll buy less when prices are high, but you’ll also buy more when prices are low.

❓ what's your preferred approach and why? would love to know!

PS. A 2019 study by JP Morgan found that 6 of the 10 best days in the market (based on the S&P 500 index) over a 20-year period occurred within 2 weeks of the 10 worst days. So if you're trying to time the market - that's a lot of days to be really wired and stressed over....
----------
😎𝐟𝐮𝐧 𝐟𝐚𝐜𝐭: it took me 1.5 years from opening my Stocks & Shares ISA to finally taking the plunge to put the cash into investments. Pains me to think about now. I wasn't waiting for a dip - just overwhelmed with choice, but there have definitely been moments during the years where I've paused to wonder if I should try to wait for a "better price".
--------
as always, here to be your personal finance BFF, nor financial advisor. pls always do your own research!
-------

18/11/2021

𝗽𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗱𝗶𝘃𝗲𝗿𝘀𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻: a big, fancy investment word that really just means, putting your eggs in different baskets. Luckily for us, index funds and ETFs are already diversified by default!

🚨newsflash🚨: you don't need a single stock and 1-2 ETFs should be enough to give you diversification

𝙛𝙤𝙧 𝙚𝙭𝙖𝙢𝙥𝙡𝙚
👉the Vanguard VTI ETF is a "basket" of companies across every around the world. That's covering different sectors (from technology to energy) and geographies!

💡 the market value of VTI is just £179.87 (as of 15/11) and that's investing in the TOTAL stock market. or you can buy into other index funds, ETFs or lower cost stocks.

----
here to be your personal finance BFF, not financial advisor. Pls always do your own research!

18/11/2021

it's true! 𝘆𝗼𝘂𝗿 𝗺𝗼𝗻𝗲𝘆 𝗪𝗜𝗟𝗟 𝘄𝗼𝗿𝗸 𝗳𝗼𝗿 𝘆𝗼𝘂 if you put it to work.

💸 thanks to the magic of compounding (where the money you've made generates more money, which generates more money, etc.), putting your money where it can work for you (vs. storing it under your mattress) will almost always result in higher returns.💸

------------

17/11/2021

💬 ISAs! I'm getting into this immediately because if you're building your wealth smartly, you're utilizing your ISA.

𝘄𝗵𝘆 𝗜𝗦𝗔𝘀 𝗮𝗿𝗲 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁
🦄they're tax-efficient, period. Each tax year, the govt sets a certain £ you can contribute into your ISA without paying taxes on the gains.
🤭not contributing to your ISA is like... buying a new Macbook full price when you could have bought it for 15% off.

𝟰 𝘁𝘆𝗽𝗲𝘀 𝗼𝗳 𝗜𝗦𝗔 𝘁𝗼 𝗸𝗻𝗼𝘄
👉there's a little more to it than what I've laid out above because there are actually 4 types of ISA, which is why you'll hear the term thrown around a lot. I'll be breaking them down, so stay tuned.

𝘆𝗼𝘂𝗿 𝗸𝗲𝘆 𝘁𝗮𝗸𝗲𝗮𝘄𝗮𝘆
💸each type of ISA gives you the option of making your cash work harder for you (than it would have worked sitting outside the ISA, maybe in a mattress, who knows). That could be from tax-free interest earned from savings rates or tax-free capital gains from investing it in the stock market.💸

--------
if you have an ISA, I'd love to hear what type and which provider you've chosen! let me know in the comments 👇
--------

Address

Website

facebook.com

Alerts

Be the first to know and let us send you an email when wejustwannahavefunds posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Address
Alerts
Claim ownership or report listing
Want your business to be the top-listed Media Company?

Country:

City: