Savings and Investments thread

Rob7Lee

£125 for me and £100 for Mrs R7L this month, both on Max, nothing for daughter on about half.

£250 for father in law.

Carter

£150 this month for me, all reinvested and from looking a few of my wins have come from the bonds bought from reinvested winnings. This run cannot last, I'm at around 9% for the last 12 months

Steven81

£100 this month 

hmmoore

£125 on max

blackpool72

Nothing on 22k

CafcWest

£100 on max holding.

Chaz Hill

£100 for me on half max PBs this month. Mrs £200 (down from £1200 last month) on max and junior £50. Might invest it in some diesel for the motor 

Arsenetatters

£350 on max 

cafctom

£0 on £38k

Solidgone

£100 max

meldrew66

£100 on max. 

CAFCsayer

Taken a bit of a battering the last week or so... Undecided if it's a good time to buy the dip before earnings season and midterms (historically stocks tend to run after), or if this is a bit of an outlier with everything going on globally and id be catching a falling knife. What's everyone's views?

golfaddick

CAFCsayer said:

Taken a bit of a battering the last week or so... Undecided if it's a good time to buy the dip before earnings season and midterms (historically stocks tend to run after), or if this is a bit of an outlier with everything going on globally and id be catching a falling knife. What's everyone's views?

The markets generally have been going sideways for the past couple of months. One day up, the next down. There doesn't seem to be any trend at the moment and they all.seem to be waiting for something to happen. 

Very hard to time the markets. If you are going to invest then now is as good a time as any. 

golfaddick

Came on to say that the Times is reporting that The Chancellor is not going to touch CGT rates in next week's Budget - currently 18% for basic rate taxpayers & 24% for higher rate payers. Strange because this was about the only tax increase I could see as being justified and mailed on imo. 

If they aren't going to raise CGT then I have no clue where they are going to raise any money. Certainly not reducing the 25% TFC on pensions which is always the big scare monger weeks before a Budget. 

Diebythesword

Markets always go sideways before an election. See also: before the 2024 election 

bobmunro

golfaddick said:

Came on to say that the Times is reporting that The Chancellor is not going to touch CGT rates in next week's Budget - currently 18% for basic rate taxpayers & 24% for higher rate payers. Strange because this was about the only tax increase I could see as being justified and mailed on imo. 

If they aren't going to raise CGT then I have no clue where they are going to raise any money. Certainly not reducing the 25% TFC on pensions which is always the big scare monger weeks before a Budget. 

1. Wealth Tax on asset value of £10m+ - raises £6b

2. Flat rate of 25% on pension tax relief - raises £5b

3. National Insurance applied to non-dividend and partnership income - raises £6b

4. Clamp down on multinationals 'moving' profit to paying tax where the income is earned - could raise £6b

5. Increase bank surcharge from 3% to 8% - raises £2b

There's £25b for starters.

cantersaddick

bobmunro said:

golfaddick said:

Came on to say that the Times is reporting that The Chancellor is not going to touch CGT rates in next week's Budget - currently 18% for basic rate taxpayers & 24% for higher rate payers. Strange because this was about the only tax increase I could see as being justified and mailed on imo. 

If they aren't going to raise CGT then I have no clue where they are going to raise any money. Certainly not reducing the 25% TFC on pensions which is always the big scare monger weeks before a Budget. 

1. Wealth Tax on asset value of £10m+ - raises £6b

2. Flat rate of 25% on pension tax relief - raises £5b

3. National Insurance applied to non-dividend and partnership income - raises £6b

4. Clamp down on multinationals 'moving' profit to paying tax where the income is earned - could raise £6b

5. Increase bank surcharge from 3% to 8% - raises £2b

There's £25b for starters.

On your point 4 - It very much depends on the mechanism for doing it. I've seen analysis that it could be more like £15bn. Applying the same legislation they brought in last year that applied to fossil fuel companies and prevented them using UK profits to offset overseas losses plus a couple other bits of tightening are expected to raise a fair bit.

PragueAddick

CAFCsayer said:

Taken a bit of a battering the last week or so... Undecided if it's a good time to buy the dip before earnings season and midterms (historically stocks tend to run after), or if this is a bit of an outlier with everything going on globally and id be catching a falling knife. What's everyone's views?

Some commentators are starting to suggest FTSE 100 as a global hedge buy. It doesnt have any AI shit in it, see. Not sure I am buying it, literally or figuratively, but Unilever is certainly bucking the downward trend. 

PragueAddick

PragueAddick said:

CAFCsayer said:

Taken a bit of a battering the last week or so... Undecided if it's a good time to buy the dip before earnings season and midterms (historically stocks tend to run after), or if this is a bit of an outlier with everything going on globally and id be catching a falling knife. What's everyone's views?

Some commentators are starting to suggest FTSE 100 as a global hedge buy. It doesnt have any AI shit in it, see. Not sure I am buying it, literally or figuratively, but Unilever is certainly bucking the downward trend. 

And no sooner had I written that than  this news pops up; maybe something to take seriously…

https://www.reuters.com/world/uk/sterling-rises-strong-labour-market-data-reinforces-rate-hike-bets-2026-10-20/

golfaddick

Attended a webinar earlier today and one stat that stood out to me is that this year is the first time since the low interest rates that followed the credit crunch of 2009 that in the UK more interest is being earned by savers than is being paid by borrowers. 

IdleHans

golfaddick said:

Attended a webinar earlier today and one stat that stood out to me is that this year is the first time since the low interest rates that followed the credit crunch of 2009 that in the UK more interest is being earned by savers than is being paid by borrowers. 

Who is covering the difference?

LargeAddick

IdleHans said:

golfaddick said:

Attended a webinar earlier today and one stat that stood out to me is that this year is the first time since the low interest rates that followed the credit crunch of 2009 that in the UK more interest is being earned by savers than is being paid by borrowers. 

Who is covering the difference?

The remainder of Nathan Jones’s transfer budget. It’s what we’ve been keeping our powder dry for.

Carter

golfaddick said:

Attended a webinar earlier today and one stat that stood out to me is that this year is the first time since the low interest rates that followed the credit crunch of 2009 that in the UK more interest is being earned by savers than is being paid by borrowers. 

That is interesting, I'm unsure whether that backs up my assertion (based purely anecdotally) that anyone with money has really pulled the drawbridge up and is keeping their cash on ice or what. I think it does. Which would, in my head, mean that tax increases won't help the economy as people pull any capital they have closer to their chests. 

Killarahales

Could that be because people think a crash might be coming?

Rob7Lee

I know quite a few people 55-60 who this year have moved the majority of their stocks and shares ISA’s to cash ISA’s prior to next April.

Carter

Rob7Lee said:

I know quite a few people 55-60 who this year have moved the majority of their stocks and shares ISA’s to cash ISA’s prior to next April.

I understand that for that age profile. I'm 45 so in theory any dips will recover in plenty of time for me to retire and when that time comes I'll definitely be wanting to hold cash and I will be spending it 

bobmunro

Rob7Lee said:

I know quite a few people 55-60 who this year have moved the majority of their stocks and shares ISA’s to cash ISA’s prior to next April.

I did that a few years ago now, and am currently getting close to 5% tax free. 

As @Carter rightly says, age profile is the driver for most.

Diebythesword

Killarahales said:

Could that be because people think a crash might be coming?

If I had a £ for every predicted crash I’d be as wealthy as Michael burry. 

blackpool72

I had an isa come up for renewal this week.
Ive taken the option of a one year at 4.5%.

A two or three year option would have given me 4.6 or 4.7 %.
But I can see interest rates rising over the next 12 months and I reckon this time next year a 12 month isa will be paying 5% or more. 
All guesswork of course but that's what I've done. 

Rob7Lee

Carter said:

Rob7Lee said:

I know quite a few people 55-60 who this year have moved the majority of their stocks and shares ISA’s to cash ISA’s prior to next April.

I understand that for that age profile. I'm 45 so in theory any dips will recover in plenty of time for me to retire and when that time comes I'll definitely be wanting to hold cash and I will be spending it 

Pure age profile. From next April if under 65 you cannot transfer, so if retiring early (and likely loaded on stocks in pension) makes sense.