£250k

[JohnD]

un-helpful, that should say.

 

[motorbiking]

I'm 51 that £250 grand now what would I need in my pot by the time I'm 65?

£455K allowing for 2% inflation
£524k allowing for 2.5% inflation

 

[ReganAndCarter]

Another very helpful post by the old duffer.

un-helpful, that should say.

Don't be so hard on yourself. Your post wasn't that bad.

 

[motorbiking]

2% is an unrealistically low growth rate.

5% only gives you another £4k a year at 65.

Personally I think 10% a year is on the high side, If you were starting today from scratch, with a £250K pot - not saying you couldn't do it, but the avg Joe would be lucky - particularly as he'd be entering possibly at the top end of the market.

There are some funds which pay +5% in divies which a late entrant can get in to without risking his shirt.

 

[Ihavenojob]

Obviously Brexit will hit investments, but I will try to avoid its effects.

Another very helpful post by the old duffer.

 

[EddieM]

Annuities were running somewhere at 5-6k per year per 100k invested last time I looked ( which was some time ago admittedly)

 

[JohnD]

Annuities are a poor buy for most

 

[SirGalahad]

Annuities are a poor buy for most

Invest in blockchain and cryptocurrencies - only rockets to the moon!

 

[EddieM]

Invest in blockchain and cryptocurrencies - only rockets to the moon!

Or rockets down, or is stolen.

 

[Notch7]

P2P lending...like funding circle.

only of interest to enthusiasts though.

 

[Brigadier]

Personally I think 10% a year is on the high side.....

Endowment growth used to be factored on 10% / 7.5% / 5% p.a. growth (high / moderate / low).

I can't remember when (late 2008?), but those predicted returns were reduced to 8% / 6% / 4%, which resulted in a lot of people receiving "shortfall" letters.

 

[motorbiking]

The only ones making money on p2p are the fixers... a bit like cryptos.

 

[JohnD]

Bitcoin skids below $8,000
Feb 02 2018

Current Price $6,174.28

 

[JohnD]

Bitcoin now $4,242.00

meanwhile, Ethereum, the thinking persons crypto, took a similar clattering Tuesday. At $137, it can now be had for a tenth of January's $1,339 price.

 

[motorbiking]

I know plenty who bought in at $6k thinking it was a bargain.

PGHY looks interesting at 5% pa yield, its been on a long slide. LIT might also be worth a look as would be QQQ, but not sure the techs have finished rinsing yet.