We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Preparing for recession
ashm1
Posts: 234 Forumite
http://news.sky.com/skynews/article/0,,30400-1256664,00.html
Where's the safest place to go ?
Cash and bonds ?
Where's the safest place to go ?
Cash and bonds ?
0
Comments
-
Guess it depends on where your currents savings are invested. If you have accumulated a reasonable amount of money in equity PEPs and ISAs I'm not sure it makes sense to lose your tax free wrapper. You have just to hang in for the long term but ensure you're not in the highest risk areas like Emerging Markets, etc.. If you're a new investor and seriously worried about losing money go for the highest interest paying savings account you can find, preferably taxing advantage of your annual Mini Cash ISA.0
-
I was thinking about index linked savings certificates (3 year term) as M4 money supply figures are high.
The highest paying savings accounts seem to be offshore.
Would the BOE prop' these up if one was about to go under?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.8K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards