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What to do with my money?
Hi all. I hope I’m posting this in the correct area. First timer... I’m currently 27, living at home with parents and will be looking to buy an apartment or house in the next couple of years. I have a LISA which has been open for more than 12 months. My first question is; if I put £4,000 in that account tomorrow, would I…
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Savings Account in Euro, in a European bank?
It seems pretty inevitable that the Conservatives will win on Thursday, and Brexit will happen at the end of January. With this in mind, what are the options for protecting my savings in the event that Brexit goes badly wrong? Can I open a Euro saving account, with a European based bank, while still resident in the UK?
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Unlikely To Buy House - What To Do With Savings?
Nearing 50yo, have always rented. Have £30K saved incl. HTB Isa. Recent attempt to buy as FTB fell thro' as outbid. Despite looking everyday I have only seen ~3 houses in 3 years that realistically met requirements so history suggests I'm unlikely to buy any time soon. Savings are in a/cs currently giving between 1.50% and…
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best savings in low-interest rate environment - tips?
Interest rates look like they'll be low for a while. i've tried to sign up with some government gilts, but what other options are there?
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Investment in small business
Hi, A friend is looking to invest in a business I am starting. It isn't a massive figures (approx £25k) but we are not sure how we move forward in agreeing how it will be paid back or what it means regarding the business ownership. We have agreed the following principals:* They don't want to be a director but they do want…
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Metro Bank
Has anyone opened a fixed rate bond with Metro Bank? Ive been waiting without success for a letter with a customer number to start my online banking; When i ring up they tell me the money i sent is in the account and its up and running, but i'll have to wait another 5-7 days for my customer number. However they did send me…
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Secure Trust Fixed Rate Bonds
My Fixed Rate Bond is due to mature soon. I received a letter from Secure Trust offering the following maturity products 1 year, 1.65%, 2 year 1.75 % and 5 year 1.90%. On Secure Trust's website they are offering 1.86% for 2 years and 2.21% for 5 years respectively. I am assuming that he higher rates are for new customers?…
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Roth 401Kand Mutual Fund question
I am a Gold and Silver Stacker. What do you think about Silver and Gold Stacking? I have a Roth 401K that I have a few thousand dollars in. The problem that I have is the last time that I checked I am only earning about $5 per quarter and I am being charged over or around $35 for administration fees. The fees are eating up…
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Tax on investment income
Hi everyone. I receive about £2,000 in interest each year. I have no other income. Do I need to pay tax on this interest, or can I set this against my Personal Tax (free pay) allowance ?
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Is the FTSE 250 the new FTSE 100?
I think it's pretty obvious now the FTSE 100 as an index is full of old companies that are just plodding along and severely lacking in growth potential due to most of them being non tech based. I saw this chart today and it's quite the eye opener https://i.gyazo.com/836bb901aa0257480f941e761ea222e0.png It'll certainly be…
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What if the private company simply refuses to allow you to sell your shares?
Some companies just never go public, no matter how large they get. So what happens if you invested in a private company and you hold some shares but the company flat out refuses to allow anyone to sell. I know there are websites that let you sell private shares but this is only possible with the permission of the directors…
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Opinions - Renewal of NS&I Index-Linked Savings Certificates - Now CPI instead of RPI
I've just had my renewal through for my current NS&I Index-Linked Savings Certificates (3 Year) which are due to renew in just under a months time. Now that the index linking is changing from RPI to CPI what are people's generally views of these. I know that no one knows what the CPI will be going forward, but if it had…
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Fixed rate improvement after election?
Hi all, I'm guessing there are no hard and fast answers to this question, but it'd be interesting to hear some of your points of view. For the past few years i've been keeping some money in 1-2yr fixed rate accounts getting around 2% interest. Although this hasn't been ideal, it's been just about palatable given my…
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Life time isa
Hi all. This is my first post so please go easy! My current situation is the following. I am married. 25 year mortgage. I have had my mortgage now for four years and I am on a 10 year fixed interest rate. My wife is not on the mortgage or the house deeds. I have a goal of paying my mortgage off early, which I believe is…
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Moving from active to Vanguard Passive?
I have £165K with Hargreaves Lansdown and I'm considering opening an unwrapped direct account with Vanguard for new money (around £2k a month). If it works out (psychological more than anything sensible) I may consider using them for next years ISA and even consider transferring some existing money across. My understanding…
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Most efficient way of converting £750 in coins to cash?
I've struggled as to the best forum to post this in and was torn between this one and Budgeting and Bank Accounts. My post is about saving and also about an investment in cash - However please feel free to move if not appropriate. The story is that I have a large Coke Bottle shaped piggy bank into which I've saved my loose…
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Transfer from Hargreaves to II
I appreciate any advice people might have on this topic. I am trying to transfer a variety of funds from Hargreaves to Interactive Investor in order to bring down the cost. Some of the funds are within an ISA wrapper but some are not. It turns out that around a third of the funds cannot be transferred across directly as II…
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Funding Circle changes
PLEASE REPLY TO THE THREAD MENTIONED BELOW, RATHER THAN TO THIS ONE (duplication) __________ Most people with an interest will know that FundingCircle have recently introduced a 1.25% "charge" when investments are sold to extract funds, and have also reset the selling queue. The way this change was introduced did not give…
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Am I making a mutual fund mistake?
Hi all, I recently decided to start trying to invest some money long term into mutual funds. I've done my research but admit I am in a total beginner and I think I've made my first error. I've set up on Fidelty to invest £25 a month into the Vanguard LifeStrategy 100% Equity Acc. However I've found in months one and two…
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Reduction in Halifax Instant Saver interest rate, ideas?
Morning folks, I'm looking some help regarding my wife & I's savings account with the Halifax. Not sure if anyone else got an email in the past week stating the rate will be halving in February, 0.2% down to 0.1% and it was bad enough at 0.2, never mind 0.1! Not clued up on where to go, or what to do? Our account regularly…
