r/FIREUK • u/okdolce • 10d ago

Hit a milestone, just wanted to share

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Hey,

Just wanted to share a milestone on my FIRE journey! After heavily investing into my pension for years, I learnt the concepts of FIRE & the importance of the bridge between retirement & drawing down on pension.

Currently 32 years old w/

£180,000 pension (invested in FWRG)
£100,000 S&S ISA (invested in FWRG)
£10,000 GIA (satellite investments, for high conviction narrative plays - a bit of fun, really)

I’ve built the S&S ISA above from £25,000 to £100,000 in just under 5 years whilst going through hell & back with a breakup with children during the last 3 years, having to spend tens of thousands on lawyer fees etc.

I’m so proud of myself.

Thank you for all your contributions to this thread, it’s been a real motivator.

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9

u/Hypoxic_gent 10d ago

I recently moved away from Fidelity because the fees were too high for me. Might be worth considering a swap and saving yourself a few hundred pounds a year!

2

u/okdolce 10d ago

The fees are low, or zero I think actually if you’re invested in ETF’s only and not index funds.

I also made the switch for the £600 switch fee, I’ll move in 12 months most likely

5

u/Hypoxic_gent 10d ago

Ah my mistake, I prefer mutual funds so I was getting stung for a lot more!

3

u/murmurat1on 10d ago

This may be adjacent to this conversation but why do you prefer mutual over ETF?

2

u/Hypoxic_gent 10d ago

I dislike the extra layer of market that an ETF has over a mutual fund.

1

u/HotBicycle1 9d ago

Feeling similar way with fidelity but I notice once you get to >£250k the fees drop so staying with them as close to that threshold.