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Is this a sensible portfolio?
Hello everybody, My first post here, all feedback welcome (+ve or -ve). About my self: I am 32 years old, engineer by profession. I am married and I have just found out that we are expecting our first child in about 8 months :j Currently out of work due to oil market crash (Working part time at the moment in retail).…
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Broker Recommendations often don't make sense!
After excellent results for Persimom today, two brokers issue broker notes: Liberum Capital 'HOLD' Target 1486p ?? (current share price 1880p) Why on earth would you advise anyone to hold if you thought the price was headed for a 20% fall? Peel Hunt target 2200p http://www.nandp.co.uk/sharedealing/company/?companyCode=PSN…
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Investec Retirement Plan
I Have been offered the Investec Retirement Plan by my IFA as an alternative investment if i decide to retire early at 61. I deposit 100K for 6 years and each year it pays £3750 and if the FTSE 100 is 90% higher at its maturity i receive the 100K back. Anyone else looked at this product ?
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Student debt question
Hi guys, I've always been advised not to pay off more of my student debt than is automatically taken out of my salary. I was just wondering, now that the BoE has dropped interest rates to 0.25%, whether it would be better to just pay off my student loan rather than saving in crappy savings products?. at the moment the…
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Investing with overdraft money?
I have just been offered a student account with my bank which comes with a £3000 overdraft. Is it possible to withdraw money on that account until it's minus £3000 then place it in a savings account and make money off it ?
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Vanguard launching in Britain
With all the name dropping around here, I always assumed you could invest in Vanguard directly in the UK, but I read in Money Section, Sunday Times, 14th August on page 3, near the picture of a Big Mac. "Expect to hear more about expenses and value when Vanguard Asset management is launched in Britain, selling funds…
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Shawbrook Bank reducing rates tomorrow
Yet another one reducing rates but if you open an account by 3-30pm tomorrow you still have 7 days to fund it at the existing rates. https://www.shawbrook.co.uk/savings/
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Charter Savings Bank
Just received the following email from Charter Savings:- "Dear The interest rate on your Notice account is reducing. Following the Bank of England's decision to reduce the Bank Base Rate by 0.25%, we've carefully reviewed our savings accounts and have taken the difficult decision to reduce the interest rates payable on our…
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Using current accounts as savings
Just looking at moving some of my ISA money into current accounts for better interest and how the interest is calculated. Thought I could do A) TSB 5% with a max of £2000 min of £1000 in with a Nationwide Flex 5% with a max of £2500 min of £1500. So therefore have a standing order of £1000 to go from one account to the…
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Charter Savings - Reducing Interest with Immediate effect
Just had an e-mail notification that the interest rate on my 120 day notice account is reducing with immediate effect - I thought they had to give notice ? Here is the e-mail: The interest rate on your Notice account is reducing. Following the Bank of England's decision to reduce the Bank Base Rate by 0.25%, we've…
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Cash alternative safest investment
If you are looking for an alternative to cash, what is the safest cash alternative asset class investment option for say a SS ISA?
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Income Tax
Am I worrying about nothing? I retired at 55 and my husband retired at 58. We don't receive a huge amount in pensions but we supplement our income from our investments. Neither of us pay tax as our pensions do not exceed the personal tax allowance. Does our "draw down" on our investments count as income for income tax…
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Bank of Scotland change T&Cs
From 1st September the Bank Of Scotland Classic Vantage account will require two different direct debits to be set up in order to receive credit interest, so if you have the max of 3 accounts that's 6 direct debits required. Before ditching these accounts, I was wondering if there is any easy (and free) way of setting up…
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Risk averse but ....
Hi all - apologies in advance for my financial ignorance. As I am very averse to risk and am never sure when I will need to call on my savings I've always kept my money in cash ISA's. I did think about index trackers after reading "Motley Fool" but chickened out! After the recent rate cut I checked on my frozen pension pot…
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The Unclaimed Assets Register (UAR)
Has anyone used the Unclaimed Asset Register? The Unclaimed Assets Register (UAR) is a service provided by Experian – the leading global information services company. The Unclaimed Assets Register (UAR) reunites consumers with their lost financial assets and providers. It helps insurers, pension providers, financial…
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Advice Please - How to best invest £2000 per month
Hi all, We have recently paid off our mortgage, are debt free, and have around 10k in savings. We are looking to use our free cash to save/invest - 2k per month. We've been thinking of either buying a small property to let in Edinburgh city centre or start investing in shares. However, we're not so sure of buying and…
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Santander Regular Saver
Where can I find a list of what the interest rate was for previous months on this regular saver account? I'm sure it was 5% before, so I reckon my question is, did it change to just 3% on the 18th? http://www.santander.co.uk/uk/savings/regular-esaver
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Suggestions for temporary savings
I'm saving £500/month for a wedding at the end of July of 2017. My current plan is to to put it in a savings account (half on HSBC regular saver, the rest on a lower interest account) until the day and then pay as many expenses as possible with a cashback card. Does anyone have a better suggestion? Thanks in advance, João
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Joining my company pension
Hi guys starting a new position tomorrow for a big company and I got this pension joining letter and im wanting someones opinion on which is best. I earn 16500 per year and im 35 years old my outgoings are minimal and I have no emergancy fund OR other investments these are the options available to me I can chose to…
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Best investment platform (non-ISA) for passive investing.
Hi I have maxed out my S&S isa this year but have some extra money to put in my passive investing portfolio (approximately £15k). I currently use cavendish online for my S&S ISA but I can't contribute anymore to it. Should I carry on using these guys for my to open a non-ISA account or should I go elsewhere to open it? As…
