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Paul Lewis: I leave all my SIPP in cash, have done for 10 years
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DIY Investing
Posted: 26 November 2023 12:06:13(UTC)
#14

Joined: 29/09/2018(UTC)
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100% of a pension in cash....riskiest portfolio allocation I've ever heard of. A sign of the times.

After the moon boy stock phase went into decline, I've been waiting for the market to indicate where we should not be heavily positioned next! Looks like it's cash and gov bonds!

Cash for up to 20 years is clearly bat shit crazy. We've had a 3 year intensive course on what governments and central banks do to fiat currencies and the conclusion we somehow seem to have reached is.....hold loads more cash and fixed income!

Volatility be damned, my conservative, safety first view is, whenever I receive some more government cuck bucks, exchange them for an asset as quickly as possible before they are debased further.
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5 users thanked DIY Investing for this post.
Jesse M on 26/11/2023(UTC), MBA MBA on 26/11/2023(UTC), Neminem Laedit on 26/11/2023(UTC), Nigel Harris on 26/11/2023(UTC), North Star on 26/11/2023(UTC)
Thrugelmir
Posted: 26 November 2023 12:59:46(UTC)
#9

Joined: 01/06/2012(UTC)
Posts: 5,333
Nigel G;287486 wrote:
The article suggests that his SIPP provider allows cash to be held as fixed-rate savings. He states that most of his cash is currently in NS&I's 6.2% bond.


SIPP's cannot be invested in NSI products though.
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Nigel G
Posted: 26 November 2023 13:11:11(UTC)
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Thrugelmir;287501 wrote:
Nigel G;287486 wrote:
The article suggests that his SIPP provider allows cash to be held as fixed-rate savings. He states that most of his cash is currently in NS&I's 6.2% bond.

SIPP's cannot be invested in NSI products though.

NS&I investments for Self-Invested Personal Pensions (SIPPs) and Small Self Administered Schemes (SSASs)

"SIPP and SSAS schemes may allow investment into some NS&I products. These are known as ‘permitted investments’ held by the scheme trustee. Before recommending NS&I investments we suggest you check that the SIPP or SSAS provider will accept them, and that the investment will not be subject to tax penalties on any gains.

Our investments that may be held in a SIPP or SSAS are:

  • Fixed Interest Savings Certificates
    Index-linked Savings Certificates
    Guaranteed Growth Bonds
    Guaranteed Income Bonds
    Income Bonds


As we are backed by HM Treasury the security of your client’s investment capital is guaranteed."
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6 users thanked Nigel G for this post.
Jay P on 26/11/2023(UTC), Martina on 26/11/2023(UTC), Dexi on 26/11/2023(UTC), Nigel Harris on 26/11/2023(UTC), Harry Trout on 26/11/2023(UTC), DHardisty on 27/11/2023(UTC)
Dan L
Posted: 26 November 2023 15:04:43(UTC)
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Joined: 29/04/2018(UTC)
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Thrugelmir;287501 wrote:
Nigel G;287486 wrote:
The article suggests that his SIPP provider allows cash to be held as fixed-rate savings. He states that most of his cash is currently in NS&I's 6.2% bond.


SIPP's cannot be invested in NSI products though.


NS&I say that you can. In the artical he mentions that he uses as smaller provider that allows this.

https://www.nsandi-adviser.com/sipps-and-ssass
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1 user thanked Dan L for this post.
Nigel Harris on 26/11/2023(UTC)
r heard
Posted: 26 November 2023 15:16:22(UTC)
#15

Joined: 12/04/2013(UTC)
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In the Minerva sipp from Investacc NS&I products are a permitted investment. Takes a bit of searching on the website for the list.
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2 users thanked r heard for this post.
Nigel Harris on 26/11/2023(UTC), Harry Trout on 26/11/2023(UTC)
Siam
Posted: 27 November 2023 00:20:03(UTC)
#16

Joined: 09/01/2013(UTC)
Posts: 21
Its Marin Lewis and the Sunday Times rich list estimates his net worth at 123 million!
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Stephen B.
Posted: 03 December 2023 15:11:59(UTC)
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Siam;287539 wrote:
Its Marin Lewis and the Sunday Times rich list estimates his net worth at 123 million!


Martin Lewis and Paul Lewis are different people, although I've also managed to mix them up at times! Martin Lewis doesn't discuss investment because it's outside his area of expertise, but also doesn't discourage it. I gave up listening to Money Box a long time ago because I was utterly unimpressed by Paul Lewis.
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2 users thanked Stephen B. for this post.
Thrugelmir on 03/12/2023(UTC), Jay P on 03/12/2023(UTC)
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