Ian Neil

@MarkRadcliffe44 @TheSecretAcct @2147mill Unless you have a property worth 2m or more, it’s one of the most highly tax efficient means of asset disposal, ok you get stamp on the repurchase but even this against income or CGT is much lower.

@IanNeild2 @TheSecretAcct @2147mill An asset that you pay double for in the end and are an easy tax target along the way … erm …

Everyone thinks buying a house is the best investment they’ll ever make. The data disagrees. UK house prices rose 4.33% annually over the last 10 years. The global stock market returned 10.1% annually over the same period. Now think about the opportunity cost of your deposit. Average UK deposit: £53,000. £53,000 invested in the S&P 500 instead: → After 10 years: £141,000 → After 20 years: £376,000 → After 30 years: £1,000,000+ Your deposit sitting in bricks: → After 30 years at 4.33%: £186,000 Schroders studied this over 25 years. £100,000 in global stocks became £631,000. The same £100,000 in UK property became £454,000. And that’s before: → Stamp duty → Maintenance costs → Insurance → Estate agent fees when you sell Property feels safe. The numbers say otherwise. Investment or liability?

@MarkRadcliffe44 @TheSecretAcct @2147mill Unless you’re living rent free, that cost will always be there, housing is and indirect investment will a real world function Forced saving for the stock market risk adverse is a huge benefit at retirement and for future transfer of wealth.

@TheSecretAcct @2147mill Stocks have performed better than most homes, but this is emotional not just financial factor, for many the act of paying a mortgage is forced saving with a paid for asset at the end. Stocks would have rtnd more, but how many people would actually have stuck in stocks for 25y?

@2147mill Yes but imagine how much rent is in 30 years time in retirement.

@Capybarapond @TheSecretAcct @2147mill Like this one he sold for $7.5m, not pocket change... He does own many properties, including the one he grew up in.

@TheSecretAcct @2147mill Interesting that Warren Buffet lives in a fairly modest house

@AlanJLSmith The government can present us with as many squrral based saving advertisement as they like , but if the undertones are tax tax tax at a later stage it’s stops the saving in the first place. Leading more people relying on state pensions and the unsustainable triple lock.

The "die with zero" or give it all away" strategy doesn't work for those who unfortunately die early. And if that's before age 55/57, the option doesn't exist at all.

New guidance on Inheritance Tax on Pensions: - Family members (beneficiaries) and personal representatives are jointly and severally liable for paying IHT from pension fund. - They have 6 months to pay. - Interest and late payment fees apply after that. - Property held in pensions will often have to be sold to pay the IHT. - The short timeline is likely to create ‘fire sale’ reduced valuations. - Yet IHT is payable on the gross property value pre death/property sale. - Pension providers, trustees, administrators, solicitors, personal representatives and family - all have to liaise and work through the admin - a logistical nightmare. - In a tight window whilst the family is grieving. - And then family beneficiaries pay income tax on income from the net fund - after deduction of inheritance tax. Double tax. - All this to possibly raise £1.5 billion - or about 48 hours of annual NHS spending. Thanks Rachel.

@EnergyGeek2 @AlanJLSmith IHT will be charged from April 27 on all estates (including pensions) that’s exceed NRB’s unless left to a spouse. Pensions will be income tax free with a death under 75 but there’s a risk of left to children, for example of a large IHT bill which there currently isn’t.

@AlanJLSmith “And then family beneficiaries pay income tax on income from the net fund - after deduction of inheritance tax. Double tax” If you die under 75, your beneficiaries will not pay income tax on an inherited pension pot

@TheSecretAcct Relitive to his future wealth , he was worth $300m at 50 years old and $30b at 70 years old, quite the growth 😏 That’s when he hit the magic upwards curve of compounding, he didn’t die (which helps) and carried on with the magic of compounding.

@TheSecretAcct His not done that, WB .recommended for his wife to do that after his gone. He bought value stocks when mispricing was obv, which is much harder to find in the modern market. He was worth relatively little until his mid 50’s, it helps if you can live into your 90’s, many don’t

The 90/10 rule comes from Warren Buffett’s advice for average investors: Put 90% of your money into a low-cost S&P 500 index fund and the other 10% in short-term government bonds. Hasn’t done him any harm. Agree or disagree? apple.news/AuGaprkUFRuW3W… apple.news/AuGaprkUFRuW3W….

@TheSecretAcct @NotA_Bull There’s a world outside of Vanguard that people do pretty well in too.

@IanNeild2 @NotA_Bull If you are mystic Meg or very lucky time and time again.

Index funds are for staying wealthy, not for building wealth. If you're under 30, you should be hunting for 10x growth stocks, not 8% returns. Agree or Disagree?

@TheSecretAcct @NotA_Bull As much as I agree with ling term index funds being the catalyst for long term growth, it’s wrong to label single stocks as gambling. In fact for accumulation of wealth single names are the best vehicle, then move to index funds to protect your gains forever.

@NotA_Bull Disagree. Compounding 8% returns including tax relief will get you wealthy over time. Individual stock picking is gambling. Start early. Invest as much as you can very early then ease off and enjoy life while it compounds.

@dontdelay @AshyCompounds they rely on people actively trading in single stocks where they can take the spread and the FX -lending fees in. The hold a Vanguard world fund are loss leaders to 212. Freesave (now IG) started this way but introduced a monthly fee in the end, but 212 are a much bigger firm.

@AshyCompounds If you hold a fund, what FX/Spread/securities lending would there be though

Just discovered my workplace pension has: • 1.8% deposit fee • 0.3% ongoing AUM fee The Trading212 SIPP can not come soon enough with seemingly: • 0% deposit fee • 0% ongoing fee On a £100k pension pot, that's saving £300-500/year in fees. Over 30 years? That's tens of thousands. Also allows me to choose index funds based on costs! Check your pension fees. You might be getting robbed. 💷

@AlanJLSmith Guess who’s gone and got herself a Polymarket trading account ….

With the Bank of England’s past record of forecasting, I think we can safely ignore this one. Strange announcement though.

@ScottishHodler X3 share are great until they aren't- the daily compounded reset can be a killer and decay is huge. pair with the share wipe out trigger on a fall- I'm sure you already know this info but have seen traders really come undone with these Go home flat at the EOD is my toptip !

The day trading possibilities on this thing are nuts. Fastest finger first on the next Trump 'straight is open' tweet and wowzer 🤣 #3MST

@HayleyTrading Don't- leverage is your friend until it turns around and takes everything you've got...

I want to start learning how to trade futures. What is something you wish you knew when you first started?

@2147mill Don’t over think it, just enter the market on a £10 k investment .

I have about £10,000 in cash atm Unsure whether to lump it into the market now or dca it and wait for a better opportunity to lump in What would you do rn?

@AlanJLSmith @bevel_health @WHOOP Does it give the feel of the Whoop experience to the Apple Watch Alan ?

Until 2 days ago, I’d never heard of @bevel_health After all the brouhaha with @whoop I downloaded it and linked it to my Apple Watch. So far, I love it. #StreislandEffect

@SlowJoeCrow00 @ronin21btc @ABoyFromOS 9.775% ÷ 12 = 0.8146% per month

@ronin21btc @ABoyFromOS Despite being return of capital US will still take the 15% withholding tax as IRS classifies it as income. The ISA wrapper means the rest is shielded from UK taxes.

Just giving my fellow Brits the heads up STRC has gone live on Trading 212 #Bitcoin

@watermyplant @ronin21btc @ArchieMcfarlan8 In the UK it's not quite so clean as the States with Withholding tax @ 15 % 11.5% × 0.85 = 9.775%

@ronin21btc @ArchieMcfarlan8 Is that payout roughly 1% per month?

@dontdelay @anitathetweeter EV’s are good ?

@anitathetweeter If there's ever an expenses scandal... naughty, naughty, very naughty

Trees are good

@AlanJLSmith Amazing isn’t it.

Another day, another mind-blowing release from Claude.ai. You can now ask Claude to turn any visualisation or interactive tool it builds in your conversation into a standalone file you can download and share with anyone. I asked it to show me how compound interest works. It built a fully interactive calculator - sliders, live chart, the lot. One follow-up prompt later, I had a single HTML file ready to email or drop into a client meeting. No code. No developer. Just a conversation. The implications for how advisers communicate complex financial concepts to clients are pretty significant.