2011 keep saving！

sophiamill99

Do you have any saving plan 2011, share with all.:j

Jonbvn

Less cash and more equities is my approach.

N1AK

Have reached the savings required for house deposit. For the rest of the year my intention is to invest:
£1,200 Santander first home saver (£100pm to keep 5% interest rate)
£11,000 S&S ISA (I have this years allocation, and all next year to pay witH)

I expect to have ~£12,500 to invest during the year. I want to keep the home saver ticking over as I need to have the money in it available for a deposit should I be required.

Anything else is intended to be a long term saving (I certainly don't intend to use within 5 years).

I'd be happy to hear alternative options to a S&S ISA. I'm intending to max out my full ISA allowance in S&S indefinitely, although it will take some time for the CGT exemption to matter it could make a noticeable difference further down the road. I haven't selected specific funds yet, I'm leaning towards a global mix of index trackers.

SilverStandard

Jonbvn wrote: »

Less cash and more equities is my approach.

Agreed. Cash is trash.

I will continue buying silver bullion. It made 90% last year and all the reasons why it performed so well are still here or stronger.

I can see it performing even better this year.

Imagine getting 90% in a savings account, oh wait that`s what you get if you invest in silver.

sophiamill99

SilverStandard wrote: »

Agreed. Cash is trash.

I will continue buying silver bullion. It made 90% last year and all the reasons why it performed so well are still here or stronger.

I can see it performing even better this year.

Imagine getting 90% in a savings account, oh wait that`s what you get if you invest in silver.

Sounds good idea.

Credit_Jake

How do I invest in silver, are there shares? I don't want to buy silver coins and have them hanging around lol

GEEGEE8

I'm at Uni so I can't save much, but I'm cutting down on all the silly things I buy and trying to concentrate on long term goals and savings, rather than living on the edge all the time!

adonis10

SilverStandard wrote: »

Agreed. Cash is trash.

I will continue buying silver bullion. It made 90% last year and all the reasons why it performed so well are still here or stronger.

I can see it performing even better this year.

Imagine getting 90% in a savings account, oh wait that`s what you get if you invest in silver.

How do you buy silver bullion? What's your strategy? If you don't mind me asking.

nzseries1

SilverStandard wrote: »

Imagine getting 90% in a savings account, oh wait that`s what you get if you invest in silver.

According to this page: http://www.kitco.com/charts/historicalsilver.html
(select 1985-2011 at the bottom of the page)

Last year was a freak occurrence. Between Jan 1985 and Jan 2006 the price went essentially nowhere. So what you are saying is not entirely true, it's FAR from a risk-free investment. What you should have said was:

SilverStandard wrote: »

Imagine getting 90% in a savings account, oh wait that`s what you [STRIKE]get if you invest in silver.[/STRIKE] would have got if you invested in silver last year.

moose88_2

Even though I agree with the poster above, Im still investing in silver - it is still considered a rare precious metal like gold, (which we know how high that went in 2010 too) the reason why the prices of these metals continue to rise is because it is a hedge against inflation. not just silver though - all commodities are rising, even agricultural ones. Mentha Oil increased 99.6% in price in the year 2010. It even beat silver! But this year will be the year for silver, it is the perfect storm to bring in great results.

please read this article (cant reccomend it enough), has alot more info on commodities, and predictions for 2011:
www(dot)resourceinvestor(dot)com/News/2011/1/Pages/2010-was-Good-for-Commodities-Will-2011-be-Even-Better.aspx

nick-mob

My saving plan is to buy as much gold and silver on the dips when I can. Chances are it'll outperform a savings account IMO, esp over the long term.