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Marcus Rate Cut to 1.35% for new accounts
Sorry if already posted, Marcus have now removed the bonus for new accounts. https://www.dailymail.co.uk/money/saving/article-7802939/Goldman-Sachs-cuts-rate-Marcus-account-1-35-new-savers.html Looks like the downward trend continues.
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Investing in biotech stocks - My experience so far
Hello all, I first posted this in the "Share dealing discussion" thread on this forum, but Apodemus suggested I start a new thread, so here it is. Should have taken the plunge earlier(perhaps)! Firstly, is anyone else here investing in biotech stocks? Background - I started DIY investing (with funds) in 2013, and found…
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Property Investment Scam
I invested in a year long bond in a company called Minerva Development. The bond matured but when I tried to contact them I was diverted to ActionFraud (the police). My building society (Nationwide) have told me that they cannot reclaim from Minerva's bank (Lloyds) and that they themselves are not liable as they aren't at…
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Vanguard ISA regular investments ?
Hoping someone can help with a simple query, I’ve asked VG direct via Secure messaging but no doubt someone on here will know and provide an answer sooner :) Anyway, I put £16k in my VG ISA, most of it is still sitting as cash but I want to set up a regular investment (£1k p/month) but it only seems to give me option to…
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Fed up with being a landlord
In addition to the home in which we live, my wife and I own a property which is currently let, and bringing in a profit of about £10,000 a year before tax. We are owner occupiers free of mortgage, in our mid-seventies, and are losing the appetite for being landlords, so are considering giving our tenants notice and selling…
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Family Building Society - Windfall Bonds
Hi, has anyone else looked at this or have any experience of it. I like to think I am capable of doing the necessary sums but this looks too good to be true. There's nothing wrong with their statistical analysis but the implications of that are quite dramatic. Setting aside the initial two months wait there's "1 in 64"…
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Bank Of England warns fund investors
Investors could be blocked from pulling out their cash at short notice unless they are willing to take a hit on the value of their investment, the Bank of England has warned. https://www.theguardian.com/money/2019/dec/16/investors-could-face-cash-restrictions-on-woodford-style-funds
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Accumulation Funds - Sold mine today
I've had part of my pension in a FTSE 100 accumulation tracker and sold it today. I'm wondering whether or not I'll still be due any distributions at a later date? For example, say some holdings paid dividends recently but which haven't yet been factored into the accumulation price, would I get my share of those shortly?…
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I've saved £350,000 - should I see an IFA?
Hello! I'm in my early 50's and for my entire working life myself and my better half have been saving. We've managed to pay off our mortgage and have about £350,000 saved up. Our house now seems to be worth about £300,000 but we have no plans to move. I know this sounds like a lot of money but we've just been careful over…
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Keep emergency fund separate?
Hello I've gone from being habitually in debt to being a saver, in no small part thanks to this forum. I have a basic emergency fund of 1k saved up. I'll be adding to it yearly via a monthly saver with Santander which pays 2.5% from next year. The thing is, you can only pay into it for a year, then it matures and you have…
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Do you trust financial service 'awards'
I was rather surprised to receive an email from Interactive Investor. [FONT="]"We’ve been nominated for the City of London Wealth Management Awards (COLWMA) "[/FONT] [FONT="][FONT="]"If you vote for us, you’ll be entered into a free prize draw for two free tickets to the Monaco Grand Prix 2020"[/FONT][/FONT]…
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Opinion and Explanation for how best to Invest Please
Hi Everyone, I'm back to ask for your learned opinions again please. So to try and answer the questions I know you like the answers to: I'm 59 now, widowed, retired early on ill health 2013, mortgage free, in receipt of £1052 net from my own LGPS and widows pension of OH's LGPS, no debts, no dependents. I have one S&S ISA…
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Where to put modest amount of money for easy access over short term
Hi, I have about 190K to invest, out of the blue. I am low risk and would need access to the money in about one year -18 months. I'm going to have a look around for any suitable ISAs, bonds etc, but would appreciate it if you have any suggestions regarding current offers. * I am intending to put 50K in premium bonds, as it…
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Can someone explain an employer pension plan?
I've never had a job where my employer contributed towards a pension, in fact I've never paid a penny to any kind of pension in my life. However my new job has a pension plan where they match my contribution, I think they match up to 5%. I have a few questions though. Firstly where exactly is my money located, where does…
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Changing To Polymer Notes?
My elderly father has an old habit of keeping his savings at home because he doesn't trust Banks. Unfortunately when the paper £10 notes were converted to the plastic version i had to change them all for him by depositing them in my account and asking for them back in polymer etc. I took what was left down to the Bank of…
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Post-election UK equity and currency fluctuation
Right, Brexit is getting done, but how are people allocating their assets for 2020 when it comes to UK equity and GBP currency fluctuation? Interested to know because I bought up a fair chunk of UK stocks in August when both GBP and UK stocks were in the doldrums and I'm considering where the exit point is over the next…
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Scam offers from 'New Scientist'
Is there any way to make an effective complaint when a reputable body uses its mailing list to promote financial products that are essentially fraudulent? I have a lot of respect for 'New Scientist' and am on its mailing list. My instinct would be to be less sceptical about something that it promotes than about things I…
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Working out a plan
Myself and oh have 30k not earning anything and have just finished overpaying mortgage so want to carry on putting that away plus the money we were saving each month to get the 30k so 2k a month to carry on with. I was thinking something along the lines of 10k in a 2 year fix, 8k in stocks and shares and 12k in another…
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The 20% Savings Rule
Morning, If using the 20% of your annual salary as a guide for saving then should that include your pension contributions? Currently my pension is 7% but I could go to 11% but figured I should build up some cash. I'm 41 - debt free - £11K in a medium risk stocks and shares ISA. I was putting £1000 a month into this up…
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transferring money into savings account..
Wonder if someone can help on this. I am a Nationwide current account holder. Want to set up 2 or 3 internet based savings accounts, eg Close brothers etc. Is the only way I can transfer the money by fast payment, with a daily limit t of £10,000, as to do this is going to take a few weeks as I want to the full amount £85K…
