What can you get?Many employers offer a contribution to your retirement plan. In the US it is called a work sponsored 401(k), in the UK it is a personal pension plan – PPP.
How does it work and why use it?
tax relief – money goes to your personal pension plan or 401(k) account before you pay tax from them,
your employer’s contribution – extra money you receive from your employer to your retirement plan if you decide to save your money for retirement.
In this post, I will explain to you why it is worth to use ISA and what product I actually use.
ISA explained
If you invest, you need to think how to minimalise the taxes. To succeed in it, one of the possible ways is to use an ISA account.Continue reading
A year ago I opened my ISA account with AXA. Since that, I have been investing in the global stock markets and commodity funds. The results are much better than I expected.
The chart above shows the performance of my investments vs benchmarks – FTSE100, FTSE 250 and SP500. My wallet performance was +79.30%. FTSE100 gained +21.87%, FTSE250 gained +3.68%, and SP500 went up 22.39%.
It is already half a year since I started investing money on the ISA account. It is time to summarize that period.
The chart above shows the performance of my investments in £ vs benchmarks – FTSE100, FTSE 250 and SP500. My wallet performance in that period was +48.50%. FTSE100 gained +15.44%, FTSE250 lost -3.96%, and SP500 went up 13.57% – details below.
Continue reading
4 months of keeping a record of my investment wallet are behind us. The decision to invest money in the developing markets and commodity seems to be really good.
The portfolio unit value changed +21.38% vs. +0.82% for FTSE 100 – see the image below.
Exactly two months from starting running an investment wallet in £, I want to show you the results. My choice to invest in the emerging markets and commodities was good. 20.67% during 2 months is really decent profit. Continue reading
Although I have been living in the UK for one year I started investing in £ only recently. I still think that there are cheaper companies on the Warsaw Stock Exchange but I wanted to diversify my investments. The another reason is the falling GBP/PLN ratio. I have decided that I will not exchange my £ into PLN (Polish currency) while the ratio is below 5.60. This is connected with the possibility of leaving the European Union by the United Kingdom. Till the referendum on June 23, 2016, I do not expect GBP/PLN ratio to go up.Continue reading