Saving for Deposit

sufjanspirit

The nationwide flexaccount sounds good to just keep money in until required. I understand I wont get a huge gain, but a penny saved is a penny earned, or so I'm told!

Prothet_of_Doom

badger09 wrote: »

I think this is highly irresponsible.

You might as well suggest OP puts £2k on a horse in the 3.30 at Kempton (if there is such a race ), any horse will do, as one of them has to win, though some of them can lose :cool: .

I clearly stated the risks.

So not Totally Irresponsible.

If you look at Google Finance, and look at the share price history of the sorts of companies that our pension funds deal in everyday, you will see that they all fluctuate wildly on a day to day, minute by minute basis, and you'll see the 2008/2009 dip, but you'll see most climbing gradually at a rate that is well in excess of any interest rate obtainable. Yes the risk is that they drop like the BP share price did after the Horizon Oil Disaster, but that is the risk.

I don't think that it's the same as gambling on horses.

If you could turn £2K into £3K, in a year, but yes, if something happens it could go to £500 in a blink.

I didn't suggest using it all.