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Monday 6 July 2015

FI thoughts

This is a quick post of various thoughts I have had today.....

TLA's to learn
  • FI = Financial Independence
  • FIRE = Financial Independence Retire Early
  • 4% = the kind-of accepted drawdown rate for FI
  • Net Worth = total amount of saving less borrowings (including or excluding your own property - accepted to exclude your own property)
Which UK platform to use?
I would love to do a poll of platforms.  hl.co.uk is what I use use - v simple to use site, but not cheap! Like banks, people tend to fall into using a site and stay.  Monevator does a nice list of each one.
There is also no nice 'net worth' site to use...excel wins.

How much are people saving?
Many of the blogs have a net worth and savings % on a regular basis.  Portfolios are a popular post, as well as the merits of dividends & passive income.  Some blogs post cash amounts/others are more private about their amounts/goals.  I have posted a list of UK net worths ones and got to 10....are there any more?

What are most people investing in?
Lots of people are moving to Vanguard.
Lots of dividend investing.
Less buy to let than I expected
Lots of people enjoy the process of investing.

Who is blogging, how well read and how often?
Would be interesting to see - what blogging sites are there, when started, what kind of hits do they get etc

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