Originally Posted by anykey
Thanks for your welcome
I'm sorry to say that much of what I have read here makes no sense to me.
To my ears, you're talking a foreign language.
I haven't a clue what your acronyms mean
>>Is there another equivalent site run by English speaking folk using UK examples.
Sadly the great advice you get here, doesn't apply to me
Hey, Anykey, don't give up so easily.There is a thread on the acronyms, you will soon pick them up.
I don't know of a UK equivalent board. If you find one please tell us about it. Otherwise start a thread here, there are a few Brits who post here.
The basic principles are the same on both sides of the pond, Live Below Your Means, invest for your future, etc. execution is different. AFAIK expenses are much higher in UK. I think Richard Branson started a "low cost" index fund with 1% fees, i.e. about 5x the equivalent over here. Does it still exist? Are there cheaper alternatives?
Taking the, US based, rule of thumb that an ER needs a capital balance (or equivalent, when guaranteed income streams are involved) of 25x annual expenses to have a high chance of financial survival I would be very interested to know the relative number for UK. So what are the long term averages for return on equities, interest on bonds, inflation etc. in UK, taking into account the higher cost of investing.
Ultimately a UK version of Firecalc would be cool.