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Salemicus comments on Stupid Questions (10/27/2014) - Less Wrong Discussion

15 Post author: drethelin 27 October 2014 09:27PM

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Comment author: Salemicus 28 October 2014 03:15:14PM 3 points [-]

It is very applicable to the UK. sixesandsevens document is a good start, but note that there is a whole world of online platforms now (Hargreaves Lansdown, Bestinvest, etc) which can be much more convenient and give you more control.

Note that there is SDRT of 0.5% on UK equities, which you will likely pay as a secret hidden tax on your index fund - the more ethical companies, such as Vanguard, make this clear - so you may wish to choose your index fund to avoid this pernicious tax. If you work in the UK, you are probably implicitly overexposed to the UK economy anyway, so this is an argument to track a global, non-UK stock index.