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Bare Trust Share Dealing Account for grandchild - which one?
First grandchild has just arrived and great-grandpa wants to set up a share dealing account on behalf of his great-grandson. Obviously, things have moved on a bit since he did this for his first grandchild over 28 years ago. We want to be able to set this up on line as we don't want paper certificates. Does anyone have any…
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not sure where to put 20k gift
Hi, last week a family member gave me £21000. I don't really have any savings to speak of and want to invest it sensibly. I am trying to find good bank accounts with the best interest rates but struggling so far. I'm looking at MSE's savings accounts guide and it seems the ones with the best rates are fixed term ones,…
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Your 2017 Financial Review thus Far
Hi All, With 2017 now in its final quarter, I thought it would be interesting to look at our money successes and failures of 2017. My best piece of information came from this forum which was to setup a regular saver and treat it like an expense each month. I ended up tightening my belt but eventually I began building a…
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Nationwide Down?
Anyone else having trouble logging into NW?
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Wyelands Bank- delays in opening account
I opened an account (12 months fixed term), and it came up that it wanted extra ID. So I sent that off, and it was returned promptly to me, with a letter saying that the info would be passed to their identy verification department and then I would hear from them.... That was around two weeks ago, and I've heard nothing,…
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ISA or regular savings account?
Hi all, I've just come from the House Buying, Renting and Selling forum - I was in the wrong place to ask the question and boy did I get some nasties. Anyway, on a lighter note I am here for your saving advice. I'll try to paint a picture of my circumstances. My wife and I would like to get on the housing market and…
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Investing in Property funds - PAIF? Feeders? Bid-offer
I am getting myself confused despite reading about it and wonder if someone can sort me out please? Thinking about investing in L&G UK Property Feeder. For 5 years or probably more. I invest in it outside an ISA or Sipp and my wife (through a financial adviser) invests both ISA and Sipp money into it. We are both basic…
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Gifts from Income
If I make monthly contributions into JISAs from a joint bank account into which my retirement income is paid,how do I ensure that contributions are attributed to me (for HMRC acceptability)and not my wife who is the other joint owner of the bank account. Is it sufficient that I sign the investment application form at the…
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Additional Global IT
I currently hold SMT & Witan and I am looking at adding another Global IT to the portfolio (Bankers or maybe Brunner?). This is so that I can increase my holdings in some oil companies such as BP and Royal Dutch Shell, as well as hold some other companies that the SMT and Witan don't hold/cover. So the question is should I…
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Is short term investing wise?
What time horizon should I invest , for maximum optimal returns? Warren Buffet makes money long term , a study by MacArthur Foundation gave out its batch of "genius grants" to a an economist who said "most traders are idiots" and I read internet searches saying day traders are idiots /stupid etc. No offence meant to…
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Best child savings accounts for reg saving
Hello, I'm looking put 100% of my 1yr sons child benefit into a savings account for when he turns 18. Can anyone recommend any savings accounts for very young children over a long period of time? Or perhaps someone has a better idea on how to do it. Thank you :)
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Fixed term savings in event of death
As attorney I'm thinking of investing some of mother's money in a fixed term savings account which allows no withdrawals until term end. If she died mid-term would her executors have an automatic legal right to access the money immediately or would they have to rely on the institution's allowing it as a goodwill gesture?
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Trust fund from will
My father left 3 daughters trustees of his cash and house. I think when he made the will there would have been half a million in there but fast forward 8 years and most of it had been transferred to his present wife, so now held jointly and out of the trust...........anyway the house remains in trust for us for her…
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scotish mortgage trust
I have a lump sum of £6k to invest and £200 -£300 a month to invest as well. I am not averse to risk,and have been looking at scottish mortgage trust which has good returns and comes in top 3 of most recommended investment trusts. Also been looking at vanguard lifestrategy 60%, any thoughts on which one to go with.
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How to manage mums funds
We need to decide on a strategy for managing money (under power of attorney) for Mum who is living in a care home now. Combined savings and house sale leave her just under £600k. She needs £2k per month, after pensions and other income, to cover the care home fees so I’m hoping you good people can give us some pointers on…
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Personal Accounting Software
Hello I am looking for an alaternative software to weave accounting to manage my personal finances. I would like the feed to learn my choices, I would like to have the flexibility to create my categories and reporting as I wish. Any good recommendations? Big thank you
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Funds on flat-fee brokers
Good evening, I was looking at iweb and Halifax recently and noticed that they didn't seem to have any Ruffer funds or the IT, is there a quick way of finding out which flat-fee platforms do Trojan O, Capital Gearing trust and Ruffer? As I want to setup a capital preservation buy and hold
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Bed and ISA
I've got some money in Vanguard LifeStrategy and in April I'll want put another £20K of what's already in there in my ISA account with Vanguard. Will they be able to do that for me or will I have to sell £20K worth of my fund then put it back again via my ISA account? As an aside, and related to my other thread re Vanguard…
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losing the value of cash savings
Most people here suffer from the "Dunning Kruger effect" The people putting their monies in cash , think they are smart and earning a profit , they don't know that their 0.5 % interest income has been losing buying power for the last 45 years .45 years ago the printing presses for money printing started , same home you…
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Inheritance Fraud
Hi, would like some advice on the following: (if this is not in the right place could it be moved to a new thread, as I don't seem to have the option to open a new thread ?) My brother in law passed away two years ago and left his three sons £15000 each and his wife was left £15.000 plus £9,000 cash which was left to make…
