Savings and Investments thread

£200 on 45k

£175 for me on half max, £125 for wife on max and nothing for junior on £12k or so. 

Arsenetatters said:

Bugger all on max

Arsenetatters said:

Bugger all on max

Someone else has had yours 😉

golfaddick said:

FTSE100 finishes at an all time high this afternoon - 8975.

S&P500 also touch it's all time high earlier but has fallen back slightly. 

Happy days. Until Trump decides to impose draconian tariffs again. 

 Crazy times, I’m up around 21% the past few months, long may it continue ….. (but it won’t)

cafctom said:

I finally went all in with the Stocks and Shares ISA (transferred 3 years’ of Cash ISAs over). 

Up 3% in just my first three weeks. Have to remind myself that it won’t always be like this though! 

Good idea. Perhaps an unpopular opinion but cash isa’s are outdated. You can still hold cash in s&s isas but you can often get better rates investing in mmf’s, some like trading212 offer interest on cash in their stocks and shares isa. 

Ok, we go again for the FTSE100 predictor competition, try and keep up you lot this time .

Friend Or Defoe said:

Cash ISAs are great. A guaranteed rate of around 4% tax free shouldn't be dismissed. One the best things about Trading212 is you can move cash between a Cash ISA and a S&S ISA for free. Myself and RobLee7 took advantage of this when Trump was pushing ahead with Tariffs and were able to buy stock back at a far lower rate.

@cafctom if you're under 40 I would recommend opening a Lifetime ISA. The limit for it is only £4k a year but you receive a 25% bonus from the government each year if you don't withdraw from it until you reach 60. You can keep investing in it until you turn 50.

I personally would recommend a pension over Lifetime ISA if you aren't planning to take it out until retirement. 

Lifetime ISA really needs a shakeup. 

SantaClaus said:

If you're investing for the long term I don't see why you'd pick a cash ISA over a broad based Stocks and Shares tracker ISA.  

Some people are just risk adverse. Or they think they are. They hear the words "stocks & shares" and immediately think that they will lose ALL their money. Also think advisers & financial institutions are there to fleece them. Various mis-selling scandals hasn't helped but neither have the regulators with their "cautions" and wording and also the media. When Trumps tariffs hit the markets it was headline news. And I mean headline news. First item on the news bulletins with all the shock & awe that that brings. But as we know on here the falls that "Independence Day" brought have now been reversed & most people are up on where they were on April 2nd. But that isn't reported anywhere. To the general public Trumps tariffs wrecked their pensions  & so telling them they should be putting more money into them fears them to death.

Much more education is needed.

golfaddick said:

SantaClaus said:

If you're investing for the long term I don't see why you'd pick a cash ISA over a broad based Stocks and Shares tracker ISA.  

Some people are just risk adverse. Or they think they are. They hear the words "stocks & shares" and immediately think that they will lose ALL their money. Also think advisers & financial institutions are there to fleece them. Various mis-selling scandals hasn't helped but neither have the regulators with their "cautions" and wording and also the media. When Trumps tariffs hit the markets it was headline news. And I mean headline news. First item on the news bulletins with all the shock & awe that that brings. But as we know on here the falls that "Independence Day" brought have now been reversed & most people are up on where they were on April 2nd. But that isn't reported anywhere. To the general public Trumps tariffs wrecked their pensions  & so telling them they should be putting more money into them fears them to death.

Much more education is needed.

golfaddick said:

SantaClaus said:

If you're investing for the long term I don't see why you'd pick a cash ISA over a broad based Stocks and Shares tracker ISA.  

Some people are just risk adverse. Or they think they are. They hear the words "stocks & shares" and immediately think that they will lose ALL their money. Also think advisers & financial institutions are there to fleece them. Various mis-selling scandals hasn't helped but neither have the regulators with their "cautions" and wording and also the media. When Trumps tariffs hit the markets it was headline news. And I mean headline news. First item on the news bulletins with all the shock & awe that that brings. But as we know on here the falls that "Independence Day" brought have now been reversed & most people are up on where they were on April 2nd. But that isn't reported anywhere. To the general public Trumps tariffs wrecked their pensions  & so telling them they should be putting more money into them fears them to death.

Much more education is needed.

Cash is still risky though, if you’d have kept money in a cash isa the last 20 years you’d have almost halved the amount you’d have in real terms. If you’d have invested it in a world tracker fund you’d have made around 600% in real terms.

as Santa Claus said - if you’re saving for long term you really must invest it in the market. But yes, as you say - the markets are now above where they were pre “independence day”. 

Huskaris said:

Friend Or Defoe said:

Cash ISAs are great. A guaranteed rate of around 4% tax free shouldn't be dismissed. One the best things about Trading212 is you can move cash between a Cash ISA and a S&S ISA for free. Myself and RobLee7 took advantage of this when Trump was pushing ahead with Tariffs and were able to buy stock back at a far lower rate.

@cafctom if you're under 40 I would recommend opening a Lifetime ISA. The limit for it is only £4k a year but you receive a 25% bonus from the government each year if you don't withdraw from it until you reach 60. You can keep investing in it until you turn 50.

I personally would recommend a pension over Lifetime ISA if you aren't planning to take it out until retirement. 

Lifetime ISA really needs a shakeup. 

If you are only ever a 20% tax payer LISA's make a lot of sense,

9761

New announcement from Trump on EU tariffs at 30%. Markets to fall again ?