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NS&I 5 year index linked saving certs 2011 issue - half way point!
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Although I hope you are right regarding EU vote, I doubt it, people are being scared witless .
So hedging your Bets on Currency, is like putting a bet on the outcome of the vote;You would be better going to the bookies and taking a punt on the outcome, each way of course:-)
Sleepless nights, not like NS&I Bonds.:)
Currency is short term, leave it to the experts.:cool:
I need a way of making my money work smarter... Zopa ISA is the next thing on my list, but there is mega money to be made with the currency fluctuations we are going to see over the next 6-12 months.0 -
I need a way of making my money work smarter... Zopa ISA is the next thing on my list, but there is mega money to be made with the currency fluctuations we are going to see over the next 6-12 months.
...but there will also be currency traders jumping off high buildings when they get it wrong:(0 -
I remember I tried currency trading. Lost 200 quid in about 5 seconds. Never tried it again.:o0
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I got 17263.72 on my closing statement. Was a good investment but needed some of it for a mortgage overpayment and other things.0
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My money hit my nominated account yesterday :T
I'm happy that I did that 5 year investment but it would take a good deal at my age (57) to make me want to tie up my money again for 5 years, I would rather have it available to me even at the prospect of current low interest rates.0 -
I'm happy that I did that 5 year investment but it would take a good deal at my age (57) to make me want to tie up my money again for 5 years, I would rather have it available to me even at the prospect of current low interest rates.
Closing a 5-year renewal ILSC on any anniversary is almost penalty-free.0 -
I remember I tried currency trading. Lost 200 quid in about 5 seconds. Never tried it again.:o
I did some trading on a dummy system (with live data) about 10 years ago. I think that I started with £1,000 and for a few days I had fun with it. Some of my trades made a small profit and others lost and I had just over £900 left when I was getting bored of it so I did one last cable trade and forgot about it completely.
A week or two later I had an email from the company telling me that my test period was about to come to an end so I logged on only to find that I was around £230k in profit. I have no skill in trading and have no desire to try it for real but it did give the traders at work something to laugh at.
Had I done that for real money there's no way on earth I'd have let it get past a couple of hundred before bailing out.I hate verisimilitude.0 -
As I read it, if I reinvest, although it is a 5yr investment, in real terms it is only a year at a time investment.
What I mean is the penalty is 90 days interest at 0.01% which is pennies. You only lose the RPI gain if you withdraw during a year?
Am I right in this understanding?0
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