C_J Nah, nothing I know, just gut feeling. But they are outselling everyone by a mile and really they are just starting out:
The competition don’t want to sell you electric cars yet and might not want to for a while, so everyone is voting with their feet, add that to their charger network, they’re in a good position. Industry chatter of some manufacturers going bust if such a trend continued.
I proper know fuck all though, please don’t anyone buy anything based off my comments apart from trabbs and obscure 90s breakbeat, I know loads about them.
Decent chart mate.
It’s amazing how slow the Electric car movement is taking off and the government won’t subsidise any EV over £50k which most decent ones are. Definitely a ploy by the big manufacturers, but most people buying a new car want one now they have a 300 mile range. Why bother with a hybrid, all the problems of maintaining a petrol/Diesel engine, but heavier and more expensive. It’s a delay tactic, and studies have shown most people can’t be arsed charging them.
Amps But they are outselling everyone by a mile
As much I like what Tesla are doing and wish them success, they’re not - that graph you posted does not support your claim. The biggest sellers in the US are SUVs, the biggest selling car in the same period as you posted there was the Ford F-Series which sold 5x as much as the Model 3 with 233,787.
Toyota also had two cars which sold double the Model 3 - the Rav 4 and the Camry (in fact, Toyota had 5 cars which outsold any Tesla model).
The trend seems to have been continuing in 2020 so far as well.
See here:
https://www.goodcarbadcar.net/2020-us-vehicle-sales-figures-by-model/
hugopal All fair points, lies, more lies and statistics etc. They have a pick up truck on the way though, I think that might have an effect on the SUV / pick up / 4×4 market, but who knows. I still think with that world wide charger network they are at least ‘handily placed’ and have room for more growth in the stock market.
I was thinking of possibly getting an electric van when my VW T5 becomes to expensive to run. VW want nearly 50 grand for the same size van and the range is only 85 miles.
Need to worry about which index you track. Active funds also generally outperform passive. And some aren’t much more expensive than passive nowadays.
Overpaying your mortgage, even by a bit every month will knock months and sometimes years off it.
Definitely take the pension tax breaks while they are still there. Some debate about the longevity of this benefit. Especially for the 40% higher rate part.
-si- Would be s&p 500 mate. Are there any actives that charge at the same rates as say the s&p index trackers in a Vanguard ISA? I will max out pension while I can but don’t want to put AVCs in, would rather spread these to the annual ISA allowance and any additional investment account I can get. Would love to shave off some decent rime from mortgage term though. That would be game changing.
So the s&p500 is basically tracking the north American version of the ftse 100. All in on equities in that case. No diversification there mate, aside from the other types of assets you can invest in, there isn’t even diversification geographically for the equities themselves. All or nothing in the US.
A really good diversified fund will give you a proper mix of assets and geographic spread and the increased management cost could be offset by the potential for enhanced returns vs a tracker fund.
Depending on how many years you have left on your mortgage and the outstanding balance, it would surprise you how much difference even one or two hundred quid a month can make in terms of overpayment.
The split between isa and pension is also a good idea as it leaves you with more flexibility in terms of accessing the funds a bit earlier if you are able to write before your company’s pensionable age. Although that’s balanced out with the loss of the automatic 20/40% uplift for pension contributions.
-si- Active funds also generally outperform passive.
Ha, what are you basing this on?
Pretty much everything I’ve read in recent years has shown the reverse, even more so once you consider active fund management fees.
The only caveat to that is that we have been in a bull market for a long time now, and some might claim that active funds could be more able to ride out any downturn with less of an impact, but that is also by no means guaranteed and active and passive funds seem to have performed similarly during the covid downturn.
Overall, the chances of finding an outperforming active fund are likely very slim.
https://www.ft.com/content/c6183f2f-f58a-3569-a6ac-9d2b44adfe28
https://www.ft.com/content/6b2d5490-d9bb-11e6-944b-e7eb37a6aa8e
https://www.ft.com/content/655fefe7-837b-4304-a0a4-f750c127bbb7
its only a little thing, but getting an app like Moneybox and forgetting about it is great - you honestly dont miss the money being saved. Plum is another one i think
-si- the s&p passives basically don’t have anywhere near the AMCs an active would have. I’m not really interested in a diversified fund as I have this with pensions and the usual glidepath to cash and safer stuff like gilts. I actually want the riskier curve for 15-20 years so i can get the returns. And I woild rather not pay for management when an index can perform well enough.
-si- ref emortgage. I think i might be limited to a 10% overpayment but need to check. Its a bit of a no brainer and I really don’t know why I haven’t down it before. Shaving off 5 years plus with just a couple of hundred extra a month and refinancing when it makes sense to is obvious. Why don’t they teach this shit in schools? We wouldn’t have the amount of crippling credit debt in the UK.
