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Investment for 70 year old?
Hi all, My Mum went to Halifax for a review and they have told her that she would be better to have her money paid into an ISA. She has a cash ISA already and a couple of savings accounts and Premium Bonds. She works 3 days a week at Tesco and her only expense is her car! :D She just wants her hard earned cash to work for…
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The worst market crisis in 60 years - Georgr Soros
Just read this on ft.com. On first reading, real 'end of the world as we know it' stuff from someone who knows what he's talking about. So scary, here it is in full. "The current financial crisis was precipitated by a bubble in the US housing market. In some ways it resembles other crises that have occurred since the end…
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Everyone seems to be cutting rates already
Having just missed what feels like every bond deal going I've just checked on my ISA (which is with Skipton) & they've kindly cut the IR from 5.95% earlier in the week to 5.70%. This is crap.
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first direct 'Savings Account' pays no interest!
Just over a year ago first direct introduced £10/month charges unless... one of the conditions was that you opened two accounts, so I opened a savings account, as recommended by moneysavingexpert. I put £51 in it in case they disallowed savings of small amounts but have RECEIVED NO INTEREST for the past 13 months. I've…
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Scottish Widows Flexible Option Bond-good for 2%!
Thank god for this site! probably saved me thousands. 4 years ago I was persuaded by a Lloyds rep to invest £100k in this bond. My initial question was, I've got £100k, what monthly income could I get with low risk. Oh, say's he, you can get (this was in Jan '04) £375 per month and any other growth will add to capital.…
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Prepare for a Feb rate cut
King has as good as promised one: http://uk.reuters.com/article/topNews/idUKL2243202020080122 "we start the year from a position in which Bank Rate, at 5.5 percent, is probably bearing down on demand" Funny, I could have sworn the MPC was an independent body who's remit was to curb inflation. If I were cynical I might be…
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Opportunity knocks
seeing as i'm bargain-hunting right now, it's noticeable some of the UK and European commercial property funds are actually up over the last few weeks. maybe that market has turned. anyone thinking of investing? the other tempter is a global banking shares fund (i'm wary of individual shares) given that the sector has…
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!!!!!!
Plan A: Got the forms for Chelsea's fixed 6.90% bond but couldn't free up the money by the day they withdrew it. Plan B: Rang A & L to open a 7.00% bond. Was told couldn't without an interview. Couldn't have a slot until tomorrow. Bond withdrawn 2 days before. Plan C: Spent all day looking for next best bond that does…
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ISA or fixed rate for a year
I've got just over £1000 saved towards next years ISA allowance, with the apparently impending drop in interest rates would it be wise to put my money into a fixed rate bond for a year, then put it in my isa just before the end of next tax year when the account matures. Or should I just wait for the new isa year and put it…
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The stock markets are now surging
:j :j :j :j
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Term Investment Help
Hey Guys, My dad had a 6 month term investment with TSB of 50,000 pound which was paid with interest at net. Dad took the contract out for a further 6 months over the phone with the same contract he just gave them permission to carry it on. Then he found out they have been paying gross interest instead of stopping it at…
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Northern Rock,new account.
Anyone heard of a new account due to be launched tomorrow from Northern Rock at a fixed rate of 6.9% that you can actually withdraw from and no penalty? However you cannot add to the initial deposit? Just read it on another forum.Does anyone know whether you can get advance info like this,or could it be a wind up? If true…
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saving for childrens future- advice please
Hi just wondering if anyone has any advice... I have 2 children ages 12 and almost 16, I have wanted to save for their future for many years but haven't really been in the position to do so financially, anyway things are now looking up slightly and I think now is the time to start-if I'm not too late. I would have liked to…
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Bradford and Bingley
I am sick and tired of having the interest changed on my account only to find a new similar product launched with a higher interest. In the past I have put in a new application each time to open the new account. Can they not just transfer the money at my request to the new account, or do I have to transfer the money to my…
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CTF - what are people's thoughts on the abbey stakeholder
fund talked about by Martin in his newsletter a while back. i invested £516.69 in the abbey CTF account in December 2006 and in December 2007 this now amounted to £537.56 so a gain of about £20 only! wonder if i hsould now risk a stakeholder and see people's thoughts on it first. thanks! also with the ups and downs of the…
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Fed Cuts 3/4 pct
:eek: Too late as usual This way EVERYONE LOSES
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Looking to Invest In India
Hi, I want to invest in a single company on the Bombay Stock Exchange but cannot find a single broker in the UK who offers this service. Are there rules preventing this? I don't want advice as I know what I want to buy. I just can't figure out how to do it. Any ideas?
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I have been paying tax on savings
We had a financial advisor over last night checking our pensions etc, in passing he said to me have you told the bank and any one you have savings with you are not working? I had not realised because I am not working I don't have to pay tax on my savings, so it's off to the bank I go now and get the forms completed so I…
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Bradford and Bingley share help
I received some shares in Bradford and Bingley when they merged, not many but enough to help me and the missus to get married this year. That was until all this Northen Rock crap, and now this crash. A year ago they were nudging £5, and are now down at £2.50. Ive 2 options, sell them now and regret it when they go up a…
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London Scottish Bank Probs
I was just about to apply for a bond from London Scottish Bank. I tried the freephone number but no one answered, so I googled 'London Scottish Bank' it to see if the number was wrong. I saw this come up http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSL2253122320080122 And a lot of other details…
