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Savings and Investments thread
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Gold? At current prices? Blimey.Rob7Lee said:0 -
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I buy them fairly regularly, wasn’t all that long ago they were sub £200, last ones I bought were £340 the other day. Think when I first started buying in around 2004 they were sub £60.PragueAddick said:
Gold? At current prices? Blimey.Rob7Lee said:
it’s a long term buy, I’ll likely never sell them unless I need the cash desperately, but no CGT on them of course.
the ones I bought 2004-2007 have so far returned 12% per annum.0 -
Is that a term account.... ? Just looked and best I can see is 0.5 with them.Addickted said:Just shifted some cash into Yorkshire BS. Only 1% but still......0 -
Blimey, just checked and they've stopped new investment into their Internet saver plus account.
Cant believe how quickly the BS change their accounts and interest rates.0 -
Think it's a ploy many banks use, give a leading rate for a while to get funds in then quickly shorten the rate once they have what they want as many won't keep switching. 0.7% is about the best instant access. It's a struggle to get 1% even for a years fixed.
Premium bonds suddenly looks a lot more attractive especially as tax free if you win! (roll on next week).0 -
Anybody having trouble withdrawing money from NS&I. Automated system gives you a code, then calls your mobile. First thing is enter hash if your expecting this call. I enter hash key, but it does not recognise it. Repeats the request 3 times, then logs me off. Happened twice now on third one it will lock account. Tried to phone and guess what, wait time 1 hour.........0
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Nope. Closed my Income Bond account yesterday and was really straight forward.
They give you a numbered code online, text your 'phone requesting the number. Worked immediately for me - though the money's not in my C/A yet!0 - Sponsored links:
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YBS are still giving me the 1% on their Internet saver account - though I haven't added my NS&I funds into the account yet, so we'll see!Rob7Lee said:Think it's a ploy many banks use, give a leading rate for a while to get funds in then quickly shorten the rate once they have what they want as many won't keep switching. 0.7% is about the best instant access. It's a struggle to get 1% even for a years fixed.
Premium bonds suddenly looks a lot more attractive especially as tax free if you win! (roll on next week).0 -
Maybe not for long!Addickted said:
YBS are still giving me the 1% on their Internet saver account - though I haven't added my NS&I funds into the account yet, so we'll see!Rob7Lee said:Think it's a ploy many banks use, give a leading rate for a while to get funds in then quickly shorten the rate once they have what they want as many won't keep switching. 0.7% is about the best instant access. It's a struggle to get 1% even for a years fixed.
Premium bonds suddenly looks a lot more attractive especially as tax free if you win! (roll on next week).0 -
Agreed. Just switched some funds from Income bond account and maxed on Premium Bonds now.Rob7Lee said:Think it's a ploy many banks use, give a leading rate for a while to get funds in then quickly shorten the rate once they have what they want as many won't keep switching. 0.7% is about the best instant access. It's a struggle to get 1% even for a years fixed.
Premium bonds suddenly looks a lot more attractive especially as tax free if you win! (roll on next week).0 -
Possible FTSE upwards explosion, speculative journalism perhaps but nonetheless a good read; https://www.thisismoney.co.uk/money/investing/article-8972907/Get-ready-recovery-FTSE-tipped-soar.html0
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The FTSE at 9400 !!!!!! Jeff Prestige must be on drugs. It might finish the year around 6500 & hit 7000 next year but over 9000 ?? The highest it's ever been is 7600-odd.
I did notice the DOW hit it's all time high this evening & finished above 30,000 for the first time ever. Whereas the FTSE is still almost 20% off it's all time high.
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I think when hopefully, although undoubtedly to many people's disappointment, half the UK isn't starving to death due to Brexit in January, we will start making up that ground.golfaddick said:The FTSE at 9400 !!!!!! Jeff Prestige must be on drugs. It might finish the year around 6500 & hit 7000 next year but over 9000 ?? The highest it's ever been is 7600-odd.
I did notice the DOW hit it's all time high this evening & finished above 30,000 for the first time ever. Whereas the FTSE is still almost 20% off it's all time high.
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9400 is dream world surely.
Back to 7,600 would be nice as it was roughly a year ago but don't see that happening anytime soon TBH.1 -
What should I call you after a post like this?Huskaris said:
I think when hopefully, although undoubtedly to many people's disappointment, half the UK isn't starving to death due to Brexit in January, we will start making up that ground.golfaddick said:The FTSE at 9400 !!!!!! Jeff Prestige must be on drugs. It might finish the year around 6500 & hit 7000 next year but over 9000 ?? The highest it's ever been is 7600-odd.
I did notice the DOW hit it's all time high this evening & finished above 30,000 for the first time ever. Whereas the FTSE is still almost 20% off it's all time high.
Any suggestions?0 -
Glass half full?hoof_it_up_to_benty said:
What should I call you after a post like this?Huskaris said:
I think when hopefully, although undoubtedly to many people's disappointment, half the UK isn't starving to death due to Brexit in January, we will start making up that ground.golfaddick said:The FTSE at 9400 !!!!!! Jeff Prestige must be on drugs. It might finish the year around 6500 & hit 7000 next year but over 9000 ?? The highest it's ever been is 7600-odd.
I did notice the DOW hit it's all time high this evening & finished above 30,000 for the first time ever. Whereas the FTSE is still almost 20% off it's all time high.
Any suggestions?0 - Sponsored links:
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This thread seems to have gone a bit Daily Mail over the past few weeks. It's always been a concise, information based thread, with good opinions and advice. Let's leave the sensationalism aside, unless it is adequately explained.0
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I had been filling up a Santander 123 account because of the interest they gave (which they then slashed), plus had some cash in peer to peer lending and a couple of other ISAs.
In May I transferred my existing ISA (moneyfarm) largely based on advice from here, as well as moving any other excess cash.
Up 10.48% since May, having researched and picked my own ETFs.
I think it was particularly @PragueAddick and @Rob7Lee that convinced me to swap out of Moneyfarm, so thanks.2 -
I thought personal abuse was the normal response on here to a post you consider daft re Brexit? I won't go down that path...Huskaris said:
Glass half full?hoof_it_up_to_benty said:
What should I call you after a post like this?Huskaris said:
I think when hopefully, although undoubtedly to many people's disappointment, half the UK isn't starving to death due to Brexit in January, we will start making up that ground.golfaddick said:The FTSE at 9400 !!!!!! Jeff Prestige must be on drugs. It might finish the year around 6500 & hit 7000 next year but over 9000 ?? The highest it's ever been is 7600-odd.
I did notice the DOW hit it's all time high this evening & finished above 30,000 for the first time ever. Whereas the FTSE is still almost 20% off it's all time high.
Any suggestions?
I hope you're having a lovely day.
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Seriously big numbers coming out from The Chancellor this afternoon. Add into the mix tax rises & caps on Government spending over the next few years, should we be worried about where the markets will be heading during that time.0
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The next few years will be a very challenging time for many economies around the world. We have to get on top of the pandemnic first.golfaddick said:Seriously big numbers coming out from The Chancellor this afternoon. Add into the mix tax rises & caps on Government spending over the next few years, should we be worried about where the markets will be heading during that time.0 -
Wanted to post this separate to the "are we all doomed" thread......
Indications coming out from The Treasury that pension tax relief will be changed in the March Budget. A flat rate for all of 25%, instead of the current 20% & 40% rates. Will obviously be a small benefit to basic rate taxpayers but may deter higher rate taxpayers from putting more into their pensions than necessary.......especially if they are going to be paying higher rate tax in retirement.
Thought I would bring it up in case anyone wanted to make use of the 40% relief before the end of the tax year. Use it before you lose it
(think my old pension salesman traits are coming out there !!)0 -
golfaddick said:Wanted to post this separate to the "are we all doomed" thread......
Indications coming out from The Treasury that pension tax relief will be changed in the March Budget. A flat rate for all of 25%, instead of the current 20% & 40% rates. Will obviously be a small benefit to basic rate taxpayers but may deter higher rate taxpayers from putting more into their pensions than necessary.......especially if they are going to be paying higher rate tax in retirement.
Thought I would bring it up in case anyone wanted to make use of the 40% relief before the end of the tax year. Use it before you lose it
(think my old pension salesman traits are coming out there !!)
The removal of higher rate relief has been rumoured for at least the last 20 years!0 -
One thing I would introduce at schools as part of the curriculum is education re personal finance. Many of us waste a huge amount of money out of ignorance.golfaddick said:Wanted to post this separate to the "are we all doomed" thread......
Indications coming out from The Treasury that pension tax relief will be changed in the March Budget. A flat rate for all of 25%, instead of the current 20% & 40% rates. Will obviously be a small benefit to basic rate taxpayers but may deter higher rate taxpayers from putting more into their pensions than necessary.......especially if they are going to be paying higher rate tax in retirement.
Thought I would bring it up in case anyone wanted to make use of the 40% relief before the end of the tax year. Use it before you lose it
(think my old pension salesman traits are coming out there !!)7 -
I have a feeling that the pandemic is the excuse the Treasury have been looking for and will happen this year. I wish they would introduce a contributions cap and remove the lifetime allowance, though. That would be much more equitable, transparent and remove one of the many uncertainties from pensions planning.Addick Addict said:golfaddick said:Wanted to post this separate to the "are we all doomed" thread......
Indications coming out from The Treasury that pension tax relief will be changed in the March Budget. A flat rate for all of 25%, instead of the current 20% & 40% rates. Will obviously be a small benefit to basic rate taxpayers but may deter higher rate taxpayers from putting more into their pensions than necessary.......especially if they are going to be paying higher rate tax in retirement.
Thought I would bring it up in case anyone wanted to make use of the 40% relief before the end of the tax year. Use it before you lose it
(think my old pension salesman traits are coming out there !!)
The removal of higher rate relief has been rumoured for at least the last 20 years!1 -
The Chancellor also stated he’d be spending £55bn on beating C19, & that’s just the UK, on vaccines, testing, (failed) track & trace, PPE etc.....Keep an eye out on C19 Pharmas that manufacture, PPE, Testing products & vaccinations, subject of course to country wide approvals, UK is MHRA & US is FDA, their share prices will only go one way with contract awards. I have purchased a few ODX & Open Orphan shares, not a recommendation just my investment strategy. Jury’s out on RMS in my opinion although got a few of those as well.Oil prices on the up so maybe worth a punt on oil producing stocks, as the world moves out of C19 (I know it might be 12-18 months away) demand for oil with grow & thus the $ price per barrel.@Rob7Lee, I know you sold your Tullow Oil shares, hopefully for a few bob, but they are on the move & looking to raise $7bn of operational cash flow for next 10 years.Winners and losers in these beastly C19 times.0
