Investment & Investing

The big dog! Keep the sprezzatura to a minimum.

Storm system gilet has to be god tier?

Storm system gilet has to be god tier?

It comes complementary with your first 8-figure bonus.

Cobain wore OFF WHITE "no vest"

https://www.instagram.com/tv/CaP5x92Jn6Z/?utm_medium=copy_link

banks offer up to £75k guarantee for your deposits if they go bust, what other options does one have for cash / deposits that is completely safe, with global turmoil at the minute would hate to lose some cash because a bank defaults, very unlikely i know but want my bases covered. something that won't be affected by market swings

do numerous bank accounts with one banks all have £75k protection or is it £75k per individual ?

I think it's £85k and it is a total per bank. You also have £170k protection in a joint account. Looks like they will also protect £1M for 6 months

https://www.fscs.org.uk/what-we-cover/banks-building-societies/

ah that 6 month thing sounds promising

from a gruniad article

That’s because the amount of money protected by the Financial Services Compensation Scheme – which pays out if a bank, building society or credit union goes belly up – goes down. Under the temporary high balances rules, the FSCS temporarily protects balances of up to £1m if the cash has come from certain life events such as the sale of a home or money from divorce proceedings – but only for six months

https://www.theguardian.com/money/2021/may/31/what-should-i-do-with-the-180000-from-a-house-sale-until-i-buy-another

did i read premium bonds might be a possibility

Premium Bonds are 50k max deposit

Premium Bonds has a max investment of £50k per person.

total per bank

Worth remembering that they roll up to the license holding entity - HBOS, Halifax, Bank of Scotland, Lloyds, TSB all come under the Lloyds TSB licence (or along those lines - you;d need to check the details).

something that won't be affected by market swings

Sovereign bonds are considered risk-free - they are issued by the government. If that goes, you have far more to worry about that how much money you have.

Since the end of last year, govt bonds have been going up, while market indices have been dropping - as you might expect when things are thought t be getting hairy.

so like uk gilts ? with a small return

what kind of fees does one have to pay for buying and selling those ?

would you be best off buying a fund tracking gilts or just buying gilts themselves
is it relatively easy via your high street bank

I've never bought them retail, I'm afraid.

Yes - UK gilts. Or US Treasury. Any govt bonds, really, if it's a G9 / AAA rated country

Any fund / index is going to be an extra fee & cut off the top though.

is it relatively easy via your high street bank

Does anyone actually use high street banks to trade stuff these days?

If that goes, you have far more to worry about that how much money you have.

You could probably say the same for HSBC to be fair

You could probably say the same for HSBC to be fair

Good point - anything considered too big to fail

#millenial

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So analysts now suggesting we can expect inflation above 8% this year, that's gonna hurt

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Yep. Not much good news anywhere really. Fingers crossed the covid situation is largely under control now.

Hello, please can I have some advice? I have some money with what was the CIS and now Royal London, half in a Sustainable Leader and half in a Corporate Bond (I am not sure if it is 'A', 'B' or whatever) the details are here:
https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F0GBR04E9O
https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/r/royal-london-corporate-bond-income-inclusive/charts
Both seem to be going down at the moment, no doubt due to global events. I have some expensive things coming up (like leaving my job) and am thinking of cashing out. I think if I got out now I would still have done OK but I could also really try and get the money from elsewhere and keep the money where it is and hope that in, say 5 years, there will be a better time. Any advice?

Depends what your risk tolerance is.
No-one knows what investments will do in the future.
Depends how expensive it is to get the money form elsewhere, vs. selling when investments are down.
Personally I would try to avoid selling in a downturn and keep the investments until they've rallied, unless doing so would mean taking out an expensive loan which would eat the expected profits anyway.

Thanks, I am inclined to think the same. The flipside is that the funds haven't plummetted and I have had them for such a long time that , overall, it is still a pretty good result.

I tend to not care what the funds are doing - reason being I'm not a trader, so I'm unlikely to be able to time the market very well. I'd prefer to avoid selling unless I absolutely needed the money, and if that its the case, then I need to sell, so never mind what the current price is.