Any low risk ways to beat savings interest?

padington

cepheus wrote: »

Why is 'real inflation' more than RPI?

http://www.marketoracle.co.uk/Article26314.html

cepheus wrote: »

Why is 'real inflation' more than RPI?

If you pay tax I can't see how you can get better than index linked savings without taking significant risk.

As I've said already placing your money in an account where it does nothing apart from losses its value, is not 'saving' your money, its just loosing your money. Its not low risk - you're right obout that, its guaranteed loss.

Its like tying up your horse to a tree where it cant run or eat properly and it does nothing but become weak. Thats not an investment strategy, thats just managed loss.

Your Zopa account is lose - lose. If you either gain nothing or if it goes tits up (inflation rises, etc) you lose. Tax free index linked savings are prettying much the same deal.

People throw around words like 'low risk' and 'savings' but when you look at the devil in the detail often these solutions just mean 'a chance of not losing some of your wealth depending on how inflation looks spliced with a chance your wealth will be decreased'.

Being at low risk of losing anything whilst certain you'll gain nothing is not a saving strategy, its a carefully managed losing strategy.

Gorgeous_George

padington wrote: »

As I've said already...

Stay out of he sun for a while and you will soon be feeling much better.

GG

Gorgeous_George

cepheus wrote: »

If it is a NS&I Interest rate tracker you should be getting more than Zopa after tax at the moment since the former is tax free.

I didn't suggest otherwise. I just said Zopa was more fun.

GG