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Savings and Investments thread
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Well done mate.Rob7Lee said:blackpool72 said:I can't remember who but someone posted on here last week that they had just bought some Lloyds shares at 28p and that they would sell them when they got back to 32p.
Currently 33p.
Well done fill yer boots
Unfortunately for me I bought mine in 2014 at 73p.
So now I can only sit back and hope they come good in the future. 😣0 -
Don't worry, i've done similar before, maybe sell some, see if they drop, buy them back etc? Done that many a time.blackpool72 said:
Well done mate.Rob7Lee said:blackpool72 said:I can't remember who but someone posted on here last week that they had just bought some Lloyds shares at 28p and that they would sell them when they got back to 32p.
Currently 33p.
Well done fill yer boots
Unfortunately for me I bought mine in 2014 at 73p.
So now I can only sit back and hope they come good in the future. 😣0 -
Age, does she have an ISA/LISA etc?CheshireAddick said:My daughter is thinking of dipping her toes into stocks and shares starting small. Does anyone have any good tips or suggestions on how to start and what to look out for?. Also any good (easy) reading material you can suggest?. Cheers.
If starting small probably wants to go for one of the low platform charge places and stick to funds. Otherwise dealing charges will eat up any profit.1 -
Many thanks for the feedback. She is 25 and has (relatively) small mortgage. No, doesn't have anything at the moment but is just saving in a building society.Rob7Lee said:
Age, does she have an ISA/LISA etc?CheshireAddick said:My daughter is thinking of dipping her toes into stocks and shares starting small. Does anyone have any good tips or suggestions on how to start and what to look out for?. Also any good (easy) reading material you can suggest?. Cheers.
If starting small probably wants to go for one of the low platform charge places and stick to funds. Otherwise dealing charges will eat up any profit.0 -
Lloyds First Quarter results tomorrow..... so could see another rise or a retreat..... !0
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An ISA is probably best for her then, she could do a LISA and get the government bonus but as she already has her first house it's effectively tied up until retirement so unless she's looking for a 40 year savings plan probably not!CheshireAddick said:
Many thanks for the feedback. She is 25 and has (relatively) small mortgage. No, doesn't have anything at the moment but is just saving in a building society.Rob7Lee said:
Age, does she have an ISA/LISA etc?CheshireAddick said:My daughter is thinking of dipping her toes into stocks and shares starting small. Does anyone have any good tips or suggestions on how to start and what to look out for?. Also any good (easy) reading material you can suggest?. Cheers.
If starting small probably wants to go for one of the low platform charge places and stick to funds. Otherwise dealing charges will eat up any profit.
Vanguard is about the cheapest for fee's but only has their funds. Nutmeg has no charges for a year if you sign up Via money saving expert which is not to be sniffed at.
https://www.moneysavingexpert.com/savings/stocks-shares-isas/
Nutmeg is pretty good for a first starter, you can answer a number of risk based questions and it allocates you to funds/exposure matching that risk appetite. I'd probably start there, then in a year or two once she's read up/done some homework could switch elsewhere and manage it herself.
Start with a monthly payment rather than a lump sum (although probably no harm putting a bit in to start it off), it's a good habit to get into and she'll do OK long term that way buying through the cycles each month.
Remember for her to keep a 'rainy day' amount in cash, sorry if teaching to suck eggs.......0 -
Indeed, but which one!?! I can't see them rising much, most banks are going to have a hard time over the next few years.RaplhMilne said:Lloyds First Quarter results tomorrow..... so could see another rise or a retreat..... !0 -
If she is starting small then look at multi asset funds. These are a mix of equities & bonds, so she is not risking everything if the markets slump again. Various risk categories but probably best to stick to ones with at least 40% in equities but no more than 80%.CheshireAddick said:My daughter is thinking of dipping her toes into stocks and shares starting small. Does anyone have any good tips or suggestions on how to start and what to look out for?. Also any good (easy) reading material you can suggest?. Cheers.0 -
FTSE100 up 2.6% today. Standing at 6110. Dow Jones ip the same at the moment.
Now, who was it that had it closing above 6500 by August...? 😊0 -
Can't remember what I said....... was it in this thread?golfaddick said:FTSE100 up 2.6% today. Standing at 6110. Dow Jones ip the same at the moment.
Now, who was it that had it closing above 6500 by August...? 😊0 - Sponsored links:
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Many thanks again Rob7Lee, I will pass the info onto her 👍Rob7Lee said:
An ISA is probably best for her then, she could do a LISA and get the government bonus but as she already has her first house it's effectively tied up until retirement so unless she's looking for a 40 year savings plan probably not!CheshireAddick said:
Many thanks for the feedback. She is 25 and has (relatively) small mortgage. No, doesn't have anything at the moment but is just saving in a building society.Rob7Lee said:
Age, does she have an ISA/LISA etc?CheshireAddick said:My daughter is thinking of dipping her toes into stocks and shares starting small. Does anyone have any good tips or suggestions on how to start and what to look out for?. Also any good (easy) reading material you can suggest?. Cheers.
If starting small probably wants to go for one of the low platform charge places and stick to funds. Otherwise dealing charges will eat up any profit.
Vanguard is about the cheapest for fee's but only has their funds. Nutmeg has no charges for a year if you sign up Via money saving expert which is not to be sniffed at.
https://www.moneysavingexpert.com/savings/stocks-shares-isas/
Nutmeg is pretty good for a first starter, you can answer a number of risk based questions and it allocates you to funds/exposure matching that risk appetite. I'd probably start there, then in a year or two once she's read up/done some homework could switch elsewhere and manage it herself.
Start with a monthly payment rather than a lump sum (although probably no harm putting a bit in to start it off), it's a good habit to get into and she'll do OK long term that way buying through the cycles each month.
Remember for her to keep a 'rainy day' amount in cash, sorry if teaching to suck eggs.......1 -
Many thanks golfaddick. I will pass the info onto her 👍golfaddick said:
If she is starting small then look at multi asset funds. These are a mix of equities & bonds, so she is not risking everything if the markets slump again. Various risk categories but probably best to stick to ones with at least 40% in equities but no more than 80%.CheshireAddick said:My daughter is thinking of dipping her toes into stocks and shares starting small. Does anyone have any good tips or suggestions on how to start and what to look out for?. Also any good (easy) reading material you can suggest?. Cheers.0 -
I’ve started dropping small amounts into Crypto, ChainLink being the poison of choice via Coinbase.
fuck getting involved in crazy of bitcoin0 -
31st July is a long way away, Golfie it's still a longer time ahead than the time since this all kicked off. I can't believe its only two months. Anyway, I've got all the predictions safe on my laptopgolfaddick said:FTSE100 up 2.6% today. Standing at 6110. Dow Jones ip the same at the moment.
Now, who was it that had it closing above 6500 by August...? 😊
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LOL! I thought you might post tonight!golfaddick said:FTSE100 up 2.6% today. Standing at 6110. Dow Jones ip the same at the moment.
Now, who was it that had it closing above 6500 by August...? 😊
Much as I am delighted your predictions are coming good, all I can say is God knows how and please can I have whatever the traders are sniffing at the moment. Every sector you look at looks like it is in for a difficult time - banks (wait until the bad debts start kicking in); transport (airlines on the verge of bankruptcy, will be years before we start flying like we have got used to); retail (will there be any shops left soon?); manufacturing (BAE bleeding cash at an unprecedented scale; car manufacturers in crisis); power (oil prices collapsing); and so on.
And in America where the US economy has suffered its most severe contraction in more than a decade in the first quarter of the year (with the figures only hinting at the full crisis, since many of the restrictions now operating were not put in place until March) the Dow is up 530 points tonight!
Strange times.2 -
Fortune 82nd Minute said:
LOL! I thought you might post tonight!golfaddick said:FTSE100 up 2.6% today. Standing at 6110. Dow Jones ip the same at the moment.
Now, who was it that had it closing above 6500 by August...? 😊
Much as I am delighted your predictions are coming good, all I can say is God knows how and please can I have whatever the traders are sniffing at the moment. Every sector you look at looks like it is in for a difficult time - banks (wait until the bad debts start kicking in); transport (airlines on the verge of bankruptcy, will be years before we start flying like we have got used to); retail (will there be any shops left soon?); manufacturing (BAE bleeding cash at an unprecedented scale; car manufacturers in crisis); power (oil prices collapsing); and so on.
And in America where the US economy has suffered its most severe contraction in more than a decade in the first quarter of the year (with the figures only hinting at the full crisis, since many of the restrictions now operating were not put in place until March) the Dow is up 530 points tonight!
Strange times.I can only assume traders & analysts think that last months "meltdown" was overblown. And that by furlowing staff means that its easier to restart businesses than having to start the hiring of staff from the off.0 -
I had to laugh when on another forum people were talking about hyperinflation due to Governments printing money left, right & centre.
What has gone on before, in the late 1920's, and the 1970's isn't the same as what is going on now.0 -
Just put 10k in. Started looking on rightmove for when that guaranteed £1m rolls in.Rob7Lee said:NS&I have cancelled some of their planned attest rate reductions;
https://nsandi-corporate.com/news-research/news/nsi-supports-savers-unprecedented-time
Premium bonds look a little more attractive now!1 -
I am planning significant works on our home resulting in a large lump sum being deposited with me imminently
Due to Corona the work will be delayed for a period of potentially 3 months. I’ll be paying interest on the capital sum.Whilst waiting to spend it , could I, should I bung it in premium bonds to get a little back ?
Any better zero risk short term investment options ?0 -
holyjo said:I am planning significant works on our home resulting in a large lump sum being deposited with me imminently
Due to Corona the work will be delayed for a period of potentially 3 months. I’ll be paying interest on the capital sum.Whilst waiting to spend it , could I, should I bung it in premium bonds to get a little back ?
Any better zero risk short term investment options ?Investec and Marcus both currently paying 1.2% guaranteed for instant access. PB average 1.4% but not guaranteed - could be more, could be nothing!Is the lump sum a remortgage to pay for the work? If so could you delay the transfer?2 - Sponsored links:
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Yes it is , but I’ve now (actively) exhausted my delay period , so must poop or get of the potbobmunro said:holyjo said:I am planning significant works on our home resulting in a large lump sum being deposited with me imminently
Due to Corona the work will be delayed for a period of potentially 3 months. I’ll be paying interest on the capital sum.Whilst waiting to spend it , could I, should I bung it in premium bonds to get a little back ?
Any better zero risk short term investment options ?Investec and Marcus both currently paying 1.2% guaranteed for instant access. PB average 1.4% but not guaranteed - could be more, could be nothing!Is the lump sum a remortgage to pay for the work? If so could you delay the transfer?0 -
Moneybox pay 1.45% on a 95 day notice account, so depends how quickly you'll need the money, wonder if you can put it in and give immediate notice.holyjo said:
Yes it is , but I’ve now (actively) exhausted my delay period , so must poop or get of the potbobmunro said:holyjo said:I am planning significant works on our home resulting in a large lump sum being deposited with me imminently
Due to Corona the work will be delayed for a period of potentially 3 months. I’ll be paying interest on the capital sum.Whilst waiting to spend it , could I, should I bung it in premium bonds to get a little back ?
Any better zero risk short term investment options ?Investec and Marcus both currently paying 1.2% guaranteed for instant access. PB average 1.4% but not guaranteed - could be more, could be nothing!Is the lump sum a remortgage to pay for the work? If so could you delay the transfer?
Probably the key point is what interest are you paying on it, ie. can you turn a profit!1 -
For just 3 months it's really not worth the hassle. You haven't said how much you are talking about, but if its say, £100k, then even at 1.2% that £300 in interest. As you say, maybe Premiums Bonds would be a better idea, but the limit is £50k I believe.holyjo said:I am planning significant works on our home resulting in a large lump sum being deposited with me imminently
Due to Corona the work will be delayed for a period of potentially 3 months. I’ll be paying interest on the capital sum.Whilst waiting to spend it , could I, should I bung it in premium bonds to get a little back ?
Any better zero risk short term investment options ?0 -
And down 3.5% today.golfaddick said:FTSE100 up 2.6% today. Standing at 6110. Dow Jones ip the same at the moment.
Now, who was it that had it closing above 6500 by August...? 😊
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Maybe some form of realism back in the market today.Fortune 82nd Minute said:
LOL! I thought you might post tonight!golfaddick said:FTSE100 up 2.6% today. Standing at 6110. Dow Jones ip the same at the moment.
Now, who was it that had it closing above 6500 by August...? 😊
Much as I am delighted your predictions are coming good, all I can say is God knows how and please can I have whatever the traders are sniffing at the moment. Every sector you look at looks like it is in for a difficult time - banks (wait until the bad debts start kicking in); transport (airlines on the verge of bankruptcy, will be years before we start flying like we have got used to); retail (will there be any shops left soon?); manufacturing (BAE bleeding cash at an unprecedented scale; car manufacturers in crisis); power (oil prices collapsing); and so on.
And in America where the US economy has suffered its most severe contraction in more than a decade in the first quarter of the year (with the figures only hinting at the full crisis, since many of the restrictions now operating were not put in place until March) the Dow is up 530 points tonight!
Strange times.
And given the news hardly surprising. Lloyds Bank - so often seen as the bell-weather of the British economy - saw its pre-tax profits fall by 95% to £74m from £1.6bn in the same period a year ago after making a £1.4bn provision to cover the expected slump caused by the Coronavirus pandemic. (Didn't have long to wait for the bad debts to kick in that I mentioned yesterday).
Like others on here, I'm still smarting from the cancellation of the Lloyds Dividend. Still the good old Shell shares I own will no doubt provide some consolation. Except they announced today that they are going to cut their dividend for the first time since the Second World War.And BA announced it may give up flying from Gatwick.
Will be interesting to see what happens tomorrow.
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I think in general dividends are going to be cut or disappear for a while, and thats only right.
I was disappointed to see Aon have cut staff salaries by 20% (all be it they say temporarily) but still paying the dividend to shareholders. Something wrong there, it was the staff who created the dividend!1 -
Shit happens. Will be more up & downs over the next few months I'm sure. Still think the FTSE will be 6500ish by Aug.Addickted said:
And down 3.5% today.golfaddick said:FTSE100 up 2.6% today. Standing at 6110. Dow Jones ip the same at the moment.
Now, who was it that had it closing above 6500 by August...? 😊0 -
I only have a small percentage of my savings in S and S but can reveal that I am pretty much level at the moment. I have no idea what I'm doing so have followed @PragueAddick and @Rob7Lee and picked other bits and pieces I like the sound of.
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You should be pretty happy with that, then. You can expect that from now on, when comparing 12 months ago, your performance will look worse, because in the last year we saw the big climb in markets. But we will all be in the same boat, performance wise.Arsenetatters said:I only have a small percentage of my savings in S and S but can reveal that I am pretty much level at the moment. I have no idea what I'm doing so have followed @PragueAddick and @Rob7Lee and picked other bits and pieces I like the sound of.
I often think I have no idea what I'm doing either, especially when I watch FTSE100 climbing back quickly from 5000 to 6000, while the biz pages are full of forecasts of unprecedented GDP falls and various companies large and small screaming for State support. So for what it's worth, when I seriously have no clue, my decision is "hold". :-)1
