The Secret Accountant
@TheSecretAcct
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14,038
Following
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I run an investment company. Over 25 years of M&A. Dad of 2 great lads. Husband of 1 amazing woman. Love empathy, endorphins, footy (PNE) and dividends. KTF
Windermere, England
Joined August 2019
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Pinned Tweet
@mark_radders
@CapitalPmh
Not selling and watching your PF value decline and doing nothing is not as stressful as trying to time in and out of the market in my opinion.
#paperlossesarenotreallosses
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Corinth Canal, Greece. That’s where you need proper skills!
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I’m worth £19m. Here’s how I got there to hopefully inspire you to get there too
I wake up at 4am every morning
I’ve started many businesses
Invested in bitcoin at $59,000
I post high value content on LinkedIn
I inherited £22m from my parents
Follow me for more financial advice
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The London Underground never ceases to amaze me. How did they design it and build it?
Cutaway image of the London Underground at Piccadilly Circus London. Much of the underground construction dates from the 19th century.
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@David__Osland
Tesco net profit margin is only circuit 2%. That is before they have to pay tax and store upgrades. Revenue was only up circa 4%, which was less than inflation. Do you expect them to actually make a loss? They aren’t a charity, and there are other alternative supermarkets.
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It’s almost the tax year end. This year you can put up to £48k in your SIPP.
As a higher rate tax payer HMRC top your SIPP up by £12k and you get an additional £12k off your tax bill.
That’s a 50% guaranteed return.
No fancy tax planning. Open to everyone. Free money.
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Modern car engines should last for around 200k miles. It would’ve been much greener for the government to encourage longer car ownership by subsidies for owning an older car than encouraging switch to EVs.
How many EVs can do 200k before needing a big new expensive battery?
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I need to spend some time off Twitter for the sake of my health and well being. So Sunday 31st December will be my last day on here this year.
I’m planning to return with renewed vigour on Monday 1st January.
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First images of the nightclub vaccine passport have been released……
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The mega wealthy don’t use many public services. They often pay privately (education and healthcare in particular). They contribute though by paying large amounts of tax. If you press them too much then they won’t be contributing for much longer. Same with big corporates.
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The UK is now the eighth largest manufacturer in the world pushing France into ninth.
Not bad for a tiny country that everyone constantly moans about.
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Please allow children to believe in Father Christmas. You believe in Bitcoin and no one is ruining that for you.
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Congratulations
@HalifaxBank
on not paying an insurance claim on a dementia sufferer’s house on a technicality. She’s been an insurance customer for 17 years with no claims. You must be really proud as she has been a bank customer for over 50 years too. 👏 Loyalty eh.
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@theJeremyVine
@MikeyCycling
How is anyone supposed to react to someone deliberately trying to cause trouble. There’s worse crimes. I know it’s illegal but he wasn’t moving. The cyclist is just provoking and giving cyclists a bad name. The guy in the car doesn’t care as he’s got proper issues to deal with.
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I was determined to give her a hug today. 94 today. Evacuated during the war, born a stones throw from Anfield, daughter of a docker. Got me started in investing. Had covid in May 20 with a slight cough. Happy birthday mum. ❤️
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Do you really want to know how to become a millionaire?
Inherit £5m from your parents and invest it in a range of early stage pre profit AIM companies. You’ll soon have your £1m.
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Great idea. Greggs stores are selling these ‘poker’ chips for £2 each, to be given to the homeless over the winter season. They entitle the person who returns them to ANY Gregg’s store nationwide to a free hot drink and hot meal. 👏
@GreggsOfficial
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For anyone who is interested, this is my SIPP with weightings based on current values. My Isa is largely Fundsmith that if added in would represent circa 15%.
It’s still circa 12% below its ATH back in late 2021.
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The reality is interest rates are probably back to their long term norm. Free money was blip. We need to rebase, get used to it and move on.
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I don’t want to be governed by a group of privileged Etonians nor do I want to be governed by a group of radical perennial hard done to whinging ideologists. Apologies if I appear contrarian. I just want to governed by people I and many others can relate to. That’s all.
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@ErikaMorris79
The beauty of Old Trafford is that it’s in Manchester and not in the South. For that reason alone it’s a magnificent ground.
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The UK state pension is a Ponzi scheme which is ok if everyone keeps paying but don’t bank on it being there when you retire. It could become means tested.
As ever, don’t rely on anyone, create your own pension. Treat the state pension as a bonus.
The good news is PNE 2 Leeds 1
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Invest £80 into your pension as a higher rate tax payer & get £20 from the government into your pension & £20 off your income tax bill
That is an instant 50% tax free gain
Do that as much as you can, invest it wisely & let that free money compound
That is how you create wealth
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Breaking news.
In solidarity with
@GaryLineker
@Everton
Football Club has announced it won’t be appearing on Match of the Day next season.
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This shows the power of compounding and time. It assumes a 6% pa return.
Start early.
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For anyone interested in investment trusts
is a great free resource. I was playing around to see what a £100k income portfolio (split equally between ten trusts) could look like. Very easy to use unlike some paid for and unpaid tools.
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If you know who these guys are you really should have sorted your pension out by now as retirement is getting close.
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@GrahamNeary
Basic stats. GCSE stuff. How could the whole world and SAGE get it so wrong and why can’t they just admit mistakes and try and mitigate this huge disaster.
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Everyone seems to be blaming the government and the Bank of England for being asleep at the wheel. Quite possibly. Therefore, never rely on anyone. Always make sure you have sufficient savings for whatever might happen. Maybe we’ve all been asleep at the wheel.
#HaveaPlanB
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Just filled up at the garage and the bloke at pump 3 put in a tenners worth. Where the hell is he going? Pump 4?
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HSBC has bought SVB.
What a weekend that must have been.
We take months doing due diligence of small private companies before we acquire them.
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There’s so many people on LinkedIn who seem to have bypassed having any real jobs to becoming coaches, mentors, business leaders, educators, non executive directors.
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Alan Bates should be given a CBE.
An incredible man.
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The biggest gainers and losers in the FTSE 350 this year together with the annual returns of the major indicies.
Some incredible gainers.
FTSE 350 up overall 3.9%.
What are the learnings?
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Build your wealth within ISAs when you’re young and a basic rate tax payer. As you get older switch to a SIPP and a higher rate tax payer for the additional relief.
Live off the remaining ISA first, and/then drip feed from the SIPP leaving any unused free of IHT.
Simples.
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Dipped my toe into Bitcoin today. Down 4% already. Sorry everyone. I knew I could make it plummet.
Sods law. 😂
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Just thinking about anybody who is struggling today. It’s not always an amazing day for everyone. If anyone needs a chat just let me know. I and others are always here for you.
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SIPP down 18% YTD
ISA down 24%
Loud and proud!
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I’ve succumbed and converted my SIPP into Bitcoin. I
I think it is a great asset class with a moat, has had years of success through many economic conditions, is unique, stable store of value, safe as houses and has all the attributes to displace all other forms of money. 🚀
#BTC
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@RichardBurgon
Only a 4.7% increase. That’s much less than inflation. In real terms it’s a reduction
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Yesterday I received £30k for my first EIS early stage company disposal. I invested £10k in late 2019 and got £3k tax relief. So a 4.3x tax free gain. I’m hoping a few of my others will be as successful.
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Scare everyone this Halloween with a mask made out of your gas bill.
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My tax policy would be….
I’ll start:
1) ⬆️ basic tax rate to 25%
2) ⬆️ personal allowance to £20k
3) ⬆️ CGT flat rate to 30% but bring back indexation
3) one flat rate of pension income tax relief at 30%
4) ⬆️ IHT free limit to £1m
5) mortgage interest tax relief for 1st £200k
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@AvaSantina
They have probably taken a risk and paid down their mortgage with their profits rather than spending them so now their calculated risk and prudence has paid off so they are making good profit on their investment. Where’s the immorality in that? This is the UK not North Korea.
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Cause panic amongst your neighbours by putting your bins out on the wrong day.
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You don’t worry about house prices if you have no intention to sell so why do you worry about share prices if you’re a long term investor?
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If you’re not down at least circa 15% YTD you’re not doing it properly.
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The problem with the cost of living today is too many people confuse “essential” with “discretionary”.
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You can knock Lloyds and other FTSE100s all you like but when the cash lands……
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I'm building a low risk investment trust income portfolio. Any views on this? I'd like 20 so I need to drop one. Have I missed any good ones? Have I included any howlers?
Given the illiquid nature of many of the underlying assets, I prefer ITs than open ended funds.
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For those that don’t know……
The first photo is a hedge.
The second photo is not a hedge.
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This just beggars belief. How could the Post Office think that over 700 sub post masters all at the same time defrauded the Post Office, coincidently just after a new IT system had been put in place.
The poor families. This is awful.
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This bottle of water at the supermarket is 95p
The same bottle at a hotel is £3 and at an airport, up to £5!
Same bottle, same brand
The only thing that changes is the place
Each place gives a different value/worth to the same item
If you feel undervalued, just change places
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Brexit done. Vaccines being rolled out. Markets up, UK further to go. We’re still alive. Happy Christmas everyone, I’ve enjoyed my first year proper on Twitter and thank you to all the fellow minded people on here who have made a difficult year much better.
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@Adam_DelDuca
Adam if you’re so successful and making so much money why do you need to sell subscriptions? Just asking for a friend.
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6.64% dividend yield.
80% of earnings generated outside the UK.
Don’t miss this sale.
Unlike DFS, it will end without notice.
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Employers take risks to get their returns. It doesn’t always work. They are the last to be paid. Employees are first to be paid everyone month regardless of company finances. Don’t underestimate employment.
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Two in five business owners in the UK are planning to sell, wind up or crystallise assets within the next year amid fears over a Labour tax raid after the general election.
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I’m tired of American tweets saying how they made multi millions easily through investing etc.
1) they are lying or
2) they were very lucky
Don’t get sucked in. They are probably trying to sell you “how they did it” plans.
If they are so successful why do they need to do that?
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Big UK utility, banking and oil companies scandalously paying its profits to UK pension funds and UK pensioners.
Utterly ridiculous…..oh wait…
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A good discussion. Let’s say a typical car lease is £500 per month. So £6k a year. £10k before tax. Imagine that in a SIPP or ISA compounding over the years each and every month and every year. That’s how you achieve wealth and financial freedom. Your decision.
Is there a rule of thumb that people use for the monthly cost of their car lease. Maybe as a % of their take home pay or as a % of their monthly mortgage payment. Or their car value as a % of their house value maybe?
Just curious. So much cost and expenditure tied up in cars.
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If you take a loan out with a bank you’ll be repaying it for 30 years. If you rob a bank you might get say 10 years.
Do the maths.
Follow me for more leading edge financial advice.
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@theficouple
Well yes but life is for living. Talking boll
@coks
with a bunch of mates after a few pints is priceless.
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Unbelievable.
Its CEO was paid £676,000 and its CFO £513,000, making them the highest and third-highest-paid public servants in Britain
In the four years to last year, £48 million was spent on HS2 staff that earn more than £150,000 a year (43 employees)
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I still stand by this.
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Just for the avoidance of any doubt whatsoever my portfolio is down this week. Again.
If anyone’s portfolio is up then you’re not doing it properly and try harder.
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Have a great Christmas everyone. We all say it.
We all assume everyone has a massive happy John Lewis advert like family get together but it’s often not the case for various reasons. If anyone needs a chat at any time pls DM me. I have an array of awful jokes if nothing else!
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Legal battle gets nasty.
Colin the Caterpillar nude pics released in Cuthbert M&S v Aldi legal battle.
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Crazy times when you can double bag on an £180 billion market cap company
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How to really invest:
1 Read financial books
2 Reads RNSs
3 Subscribe to stock analysis software
4 Read the FT, Economist etc
5 Join/engage in share discussion forums
6 Monitor what’s going on on Twitter
7 Read broker reports
8 Buy a world wide equity ETF
9 ignore 1-7
10 Relax
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+16% SIPP/ISA for the year.
Pleased with that given I target 10% on my balanced prudent portfolio (I am an accountant!)
Very similar return to last year.
I’ll take a compounding 15-16% pa. ✔️
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Anyone else understand why women want load of cushions on a bed? All we do is take them off and then put them back on in the morning like some kind of ceremony.
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@RichardBurgon
Richard you are the Tories gift that never stops giving. All you do is reiterate how unelectable your party is EVEN companied to this current Tory shambles.
45% above £80k. There’s a fair amount of votes lost there.
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Also, when I bought my house I made my own coffee and thought avocado was a Greek island.
And I had it much easier than my parents and grand parents whose aim in life was not to get bombed.
People really do need to have a reality check.
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Some nice global ETFs. Not sure why anyone really needs anything other than the Wisdom Tree Global Quality Dividend Growth ETF or any of them really. Look at its top 10 holdings.
Imagine owning them. Well you can.
Single stock picking is too risky for me.
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Not of interest to traders, gamblers, Bitcoin or GameStop investors but anyone looking to get wealthy slowly might want to consider some of these invetsment trusts.
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Pension funds to invest in private companies. What could possibly go wrong? Maybe the next stage is to get Neil Woodford manage it?
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SIPP 8.5% up for the year. That’ll do me each year.
Using the rule of 72 assuming that compounded annual return would take 8.5 years to double the portfolio value.
Nice coincidence.
(72/8.5 = 8.5 years)
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My SIPP is still down almost 15% from its peak in last 21.
ISA down almost 12%
Nicely positioned though.
Throwing off some nice dividends.
Mixture of REITs, FTSE100s, worldwide equity ETFs, private equity, Scottish Mortgage, Fundsmith.
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52 people out of 67 million. Be careful out there everyone. Don’t go out.
Daily Covid deaths plummet by 37 per cent to 52
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Some of the staff
@Fujitsu_Global
working on the Horizon debacle must have known what was going on?
As an auditor we were always told to follow the cash.
So why didn’t they try to follow through to the cash to realise there was actually no cash discrepancy.
Not difficult.
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Your house isn’t an asset. For every £100k of equity, it’s costing you between £4-10k per annum in lost investment return.
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We’ve been here before in the 90s and 2008 (and in the 80s before my time?)
In 10 years time will see similar headlines and 10 years later and so on.
We have recessions every 7-10 years.
This is an article from 2008.
UK faces negative equity crisis
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Anyone want to subscribe for a course?
The subject is how to avoid subscribing for courses.
Here’s a taster
Lesson number one:
Avoid anyone who is American and has apparently made a shed full of cash and wants to share how they did it.
$59 a month. Limited places.
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@zarahsultana
After 13 years of Tory rule we have seen a continued weak opposition offering no credible policies. We need a credible alternative party.
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The Post Office scandal.
I’m not one for witch hunts and blame and hindsight judging but I really hope we get some criminal charges.
Corporate manslaughter would be good.
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@rex_woodbury
Possibly. Smoking is gross with no benefit though. A few pints is a laugh. The worrying thing is a generation living off protein shakes, diet water salads and vegan coffee.
#chooselife
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