Sabretooth:
There are no guarantees you have to be patient, what goes down will always rebound.
The Market, as a whole, in the long term, might well rebound, individual shares might not. (DeLorean shares aren`t about to increase anytime soon)
And although markets might recover, “in the long term”— “in the long term”, we are all dead.
Some investments are better for long term, (decades, when one starts work) funds that might be called on sooner, (a few years, when one takes retirement) might be best somewhere else.
That is why investing in a fund (with a fund manager) is advisable. The fund will have a specific aim eg Capital Growth or Income and will be invested in a range of Equities, shares, goverment bonds and cash which helps to smooth out any sudden market dips.
The manger will buy / sell / reinvest as market conditions change.
Take a look at any graph that details how the FTSE 100 & 250 has performed over the last 10 to 15 years and see how quick the rebounds are after a “crash”
That is why I said it is “Time in the market” that matters.
Couple of other alternatives the OP could consider:-
NS&I Premium Bonds, pay no interest, but you can access your cash within three days and you could win anything from £25 to £1M in the monthly draw.
tyneside:
That is why investing in a fund (with a fund manager) is advisable. The fund will have a specific aim eg Capital Growth or Income and will be invested in a range of Equities, shares, goverment bonds and cash which helps to smooth out any sudden market dips.
The manger will buy / sell / reinvest as market conditions change.
Take a look at any graph that details how the FTSE 100 & 250 has performed over the last 10 to 15 years and see how quick the rebounds are after a “crash”
That is why I said it is “Time in the market” that matters.
Couple of other alternatives the OP could consider:-
NS&I Premium Bonds, pay no interest, but you can access your cash within three days and you could win anything from £25 to £1M in the monthly draw.
There are of course professional gamblers out there who do make a fairly good and secure living from betting.
The vast majority of these are those who own betting companies, and so get to set the odds.
Richard Feynman made some cash in US Casinos. Not by accepting the house odds, but by making side bets with other punters. Dice and cards are much more predictable, in the long run, than individual company shares, or individual horse races.
Remember the "Gamblers Fallacy", dont confuse individual events, with the long run!
tyneside:
That is why investing in a fund (with a fund manager) is advisable. The fund will have a specific aim eg Capital Growth or Income and will be invested in a range of Equities, shares, goverment bonds and cash which helps to smooth out any sudden market dips.
The manger will buy / sell / reinvest as market conditions change.
Take a look at any graph that details how the FTSE 100 & 250 has performed over the last 10 to 15 years and see how quick the rebounds are after a “crash”
That is why I said it is “Time in the market” that matters.
Couple of other alternatives the OP could consider:-
NS&I Premium Bonds, pay no interest, but you can access your cash within three days and you could win anything from £25 to £1M in the monthly draw.
Don’t think its been mentioned yet but remember Premium Bonds, have proved far better for us over the last few years than any bank account that allows you instant access to your balance.
Juddian:
Don’t think its been mentioned yet but remember Premium Bonds, have proved far better for us over the last few years than any bank account that allows you instant access to your balance.
Ooohhhh…Maaate…
Ive put up links to Martin Lewiss site talking about them.
The arithmetic about expected returns is not quite as simple as a quick glance would suggest…is it ever?
But, unlike the gee-gees all is not lost if you dont win. And (remembering the gamblers fallacy) if *you* have had a win above the odds, that doesnt mean your luck has run out!
Honestly, just not going into debt. A lot of people will and it will ■■■■.
That being said, cars/motorcycles in particular are sky rocketing in value tbh. Not saying you will make a ton off of them but if you lease a car it may be a good time to buy one and keep hold of it.
Juddian:
Don’t think its been mentioned yet but remember Premium Bonds, have proved far better for us over the last few years than any bank account that allows you instant access to your balance.
Ooohhhh…Maaate…
Ive put up links to Martin Lewiss site talking about them.
The arithmetic about expected returns is not quite as simple as a quick glance would suggest…is it ever?
But, unlike the gee-gees all is not lost if you dont win. And (remembering the gamblers fallacy) if *you* have had a win above the odds, that doesnt mean your luck has run out!
Good luck!
Yes i’ve seen Martin Lewis’ appraisal of premium bonds, all i know is this month got £75 last month 50, month before 25 month before 100, i think its only been one month over the last two years we haven’t got a bean out of them, my sister who bought in after us has been doing slightly better than us her best month so far netting £250, we both went into them in a larger scale with open eyes seemed a no brainer when the typical interest rates on savings were so abysmal.
Not expecting anything life changing, just keeping pace with long term ■■■■■■■ interest rates whilst still having access to the sum deposited is good enough.
If savings interest rates rise then we might change but so far the old PB’s have proved worthwhile.
I’m no financial whizz kid, as you can tell , my philosophy has always been guided by looking at how the money lenders of Surrey/Bucks/Cotswolds live compared with the millions of working class folk who pay said money lenders interest on loans to buy trinkets holidays and cars, cars especially which not only cost serious money to maintain long term (unless you want to ride the never never pcp bronco) and usually depreciate rapidly…so my theory for working people like us is only borrow money for the roof over your head, and make sure you don’t over borrow for overvalued houses, because i’m afraid those scenes from the 90’s with tearful desperate people handing keys over for homes they can no longer afford already worth £thousands less than the mortgage they took out to jump on the previously deliberately engineered housing bubble, that history is going to repeat itself very soon.
Juddian:
Don’t think its been mentioned yet but remember Premium Bonds, have proved far better for us over the last few years than any bank account that allows you instant access to your balance.
Ooohhhh…Maaate…
Ive put up links to Martin Lewiss site talking about them.
The arithmetic about expected returns is not quite as simple as a quick glance would suggest…is it ever?
But, unlike the gee-gees all is not lost if you dont win. And (remembering the gamblers fallacy) if *you* have had a win above the odds, that doesnt mean your luck has run out!
Good luck!
Yes i’ve seen Martin Lewis’ appraisal of premium bonds, all i know is this month got £75 last month 50, month before 25 month before 100, i think its only been one month over the last two years we haven’t got a bean out of them, my sister who bought in after us has been doing slightly better than us her best month so far netting £250, we both went into them in a larger scale with open eyes seemed a no brainer when the typical interest rates on savings were so abysmal.
Not expecting anything life changing, just keeping pace with long term ■■■■■■■ interest rates whilst still having access to the sum deposited is good enough.
If savings interest rates rise then we might change but so far the old PB’s have proved worthwhile.
I’m no financial whizz kid, as you can tell , my philosophy has always been guided by looking at how the money lenders of Surrey/Bucks/Cotswolds live compared with the millions of working class folk who pay said money lenders interest on loans to buy trinkets holidays and cars, cars especially which not only cost serious money to maintain long term (unless you want to ride the never never pcp bronco) and usually depreciate rapidly…so my theory for working people like us is only borrow money for the roof over your head, and make sure you don’t over borrow for overvalued houses, because i’m afraid those scenes from the 90’s with tearful desperate people handing keys over for homes they can no longer afford already worth £thousands less than the mortgage they took out to jump on the previously deliberately engineered housing bubble, that history is going to repeat itself very soon.
Change the " tearful homeowners " to “tearful buy to let and air bandb ■■■■■”, and I very much hope so, and I shall be very happy to snap.up a bargain. Just for the joy of it.
Juddian:
Don’t think its been mentioned yet but remember Premium Bonds, have proved far better for us over the last few years than any bank account that allows you instant access to your balance.
Ooohhhh…Maaate…
Ive put up links to Martin Lewiss site talking about them.
The arithmetic about expected returns is not quite as simple as a quick glance would suggest…is it ever?
But, unlike the gee-gees all is not lost if you dont win. And (remembering the gamblers fallacy) if *you* have had a win above the odds, that doesnt mean your luck has run out!
Good luck!
Yes i’ve seen Martin Lewis’ appraisal of premium bonds, all i know is this month got £75 last month 50, month before 25 month before 100, i think its only been one month over the last two years we haven’t got a bean out of them, my sister who bought in after us has been doing slightly better than us her best month so far netting £250, we both went into them in a larger scale with open eyes seemed a no brainer when the typical interest rates on savings were so abysmal.
Not expecting anything life changing, just keeping pace with long term ■■■■■■■ interest rates whilst still having access to the sum deposited is good enough.
If savings interest rates rise then we might change but so far the old PB’s have proved worthwhile.
I’m no financial whizz kid, as you can tell , my philosophy has always been guided by looking at how the money lenders of Surrey/Bucks/Cotswolds live compared with the millions of working class folk who pay said money lenders interest on loans to buy trinkets holidays and cars, cars especially which not only cost serious money to maintain long term (unless you want to ride the never never pcp bronco) and usually depreciate rapidly…so my theory for working people like us is only borrow money for the roof over your head, and make sure you don’t over borrow for overvalued houses, because i’m afraid those scenes from the 90’s with tearful desperate people handing keys over for homes they can no longer afford already worth £thousands less than the mortgage they took out to jump on the previously deliberately engineered housing bubble, that history is going to repeat itself very soon.
It’s a bit hard to assess how good your PB experience is without knowing your investment, which I understand is a very personal question. So, I can say that my wife claims she gets £25 per month from her £14k, are you luckier or about the same?
£25 a month on a £14k holding is about right. I’ve had the max allowed holding (£50k) for the past few years and generally get £75 (ie 3 prizes) each month. This is about what you’d get on a regular “Instant Access” savings account anyway (although PB prizes are tax-free…)
The thing that makes PBs attractive in my eyes is the occasional bigger prize, and the (very) remote chance of a £1m jackpot.
Roymondo:
£25 a month on a £14k holding is about right. I’ve had the max allowed holding (£50k) for the past few years and generally get £75 (ie 3 prizes) each month. This is about what you’d get on a regular “Instant Access” savings account anyway (although PB prizes are tax-free…)
The thing that makes PBs attractive in my eyes is the occasional bigger prize, and the (very) remote chance of a £1m jackpot.
Sent from my VOG-L09 using Tapatalk[/quote
This is my experience of PB’s as well, both the wife and I have “substantial” amounts invested, although the last couple of months have not been quite as fruitful.
While we are on the subject of NS&I has anyone experienced logging on problems since the two stage security was introduced.
My laptop is less than six months old with up to date browsers but I still cannot use it to access our accounts. (I have tried all the workarounds suggested)
Fortunately, I have been able to log on via Ipad but when you read various forums and see the amount of problems people are having gaining access, the situation is quite worrying.
Couldn’t log on using my phone browser first time around (to check exactly how much I’d won ) but didn’t have any difficulty on my PC (using Google Chrome browser), getting a one-time code sent to my phone and entering that at the prompt.
Roymondo:
Couldn’t log on using my phone browser first time around (to check exactly how much I’d won ) but didn’t have any difficulty on my PC (using Google Chrome browser), getting a one-time code sent to my phone and entering that at the prompt.
Sent from my VOG-L09 using Tapatalk
Using my laptop (Google Chrome) I can get as far as the one time code but when I enter it into the appropriate box the system takes me back to the log on page to start again. Been like this for a few weeks now.
The NS&I FAQ’s suggest the browser could be an old version but I have been into the settings which tell me it is up to date. (using a new HP laptop less than six months old)
Seems ok on i pad but I don’t like using the touch screen for financial stuff, too easy to mistype !!
I have a fairly new i phone so may see what happens with that.
Tyneside
Optimum:
What should you do to protect any savings from the ravages of 13% deterioration or whatever inflation is running at?
Gold, equities (shares), property,stable currencies $, euro, Swiss franc, reals?
Buy British energy prospecting and refining companies, consider going long the Ruble, and tuck them away for the long term. They pay good dividends these stocks, and Trussy has already ruled out “Windfall taxes” which means the energy firms are going to carry on making obsence billions per MONTH rather than the usual “per year” like regular blue chip firms…
This “Energy Cap” thing falls flat - the moment the war doesn’t end in five minutes… At present, the best hope of putting Putin back in his box - is to elect Trump in America in 2024.
The “Energy Cap” therefore - needs to be back at April 2022’s levels - right up until the end of 2024 then!
Don’t worry about “Inflation” because the over-printed USD is still rallying, and Gold is still dropping back - proving (to me) that the risk of hyperinflation is about the same as Obama’s “ten feet above sea level” villas being flooded out by the rising “climate catastrophe” tide that even the liars know ain’t ever going to happen!
I`m withdrawing all my money from every investment I currently have. Cashing in my pensions and selling my house.
Ive got a wheel barrow to take it all down to William Hills and put it all on Truss being the UK Prime Minister in office for the shortest time.
Better bet than anything else out there!
Franglais:
I`m withdrawing all my money from every investment I currently have. Cashing in my pensions and selling my house.
Ive got a wheel barrow to take it all down to William Hills and put it all on Truss being the UK Prime Minister in office for the shortest time.
Better bet than anything else out there!
Next you’ll be saying that you’ve gone all electric and bought a heat pump with your winnings.
The Davey and Starmer comedy double act will fix everything.
, my philosophy has always been guided by looking at how the money lenders of Surrey/Bucks/Cotswolds live compared with the millions of working class folk who pay said money lenders interest on loans to buy trinkets holidays and cars, cars especially which not only cost serious money to maintain long term (unless you want to ride the never never pcp bronco) and usually depreciate rapidly…so my theory for working people like us is only borrow money for the roof over your head, and make sure you don’t over borrow for overvalued houses, because i’m afraid those scenes from the 90’s with tearful desperate people handing keys over for homes they can no longer afford already worth £thousands less than the mortgage they took out to jump on the previously deliberately engineered housing bubble, that history is going to repeat itself very soon.
) but didn’t have any difficulty on my PC (using Google Chrome browser), getting a one-time code sent to my phone and entering that at the prompt.