Best way to save?

ViolaLass

TBagpuss wrote: »

You could look at a stocks & shares ISA rather than (or as well as) a cash ISA

S&S ISA is a bad idea for short term saving.

enjoyyourshoes

Stop spending


spending is psychological, so work out why you find saving a struggle.


Once you have that answered, the spending should stop (irrelevant spending etc) and you will start saving. Then get the best rate etc, which I assume is what you are asking ?

Eco_Miser

markj113 wrote: »

Coming to your savings account soon?

"The new compulsory control is already provided for in the 2015 Australian budget. So that everyone who has any savings must pay taxes on on their savings. The measure is expected to serve as a global test balloon for Europe and North America will watch the outcome in Australia. If there will be no massive resistance of Australian savers, the rest of the world should expect this outright confiscation very rapidly."

http://armstrongeconomics.com/archives/30158

coming to your safe deposit soon?

http://en.wikipedia.org/wiki/Executive_Order_6102
The order criminalized the possession of monetary gold by any individual, partnership, association or corporation.

Gold is a poor defence against governmental confiscation.

Linton

markj113 wrote: »

I have no loans, credit cards, store credit or overdraft, I am in no rush to sell, if the price dips for a while it just means that I buy more cheaper.

I think the mid to long term outlook for gold is good considering the financial mess the world is in. Russia and China are accumulating gold as quick as they can get their hands on it with rumours of a gold backed currency re-emerging which will be another nail in the coffin of USD as the reserve currency pushing gold price higher.

Coming to your savings account soon?

"The new compulsory control is already provided for in the 2015 Australian budget. So that everyone who has any savings must pay taxes on on their savings. The measure is expected to serve as a global test balloon for Europe and North America will watch the outcome in Australia. If there will be no massive resistance of Australian savers, the rest of the world should expect this outright confiscation very rapidly."

http://armstrongeconomics.com/archives/30158

Your choice of reading matter looks as mad as your investment policy seems to me. It appears from here and other links that the Australian tax is on banks not individual depositors, with the apparent purpose of funding a compensation scheme should a bank fail. It sounds vaguely like our FSCS which is funded from levies on the various financial institutions. Suggest you get your economic info from more reliable sources.

The problem with gold is not short term buying opportunity dips but rather its history of relatively short term booms and multi-decade busts in inflation linked values - see here.

Porcupine

Eco_Miser wrote: »

http://en.wikipedia.org/wiki/Executive_Order_6102
The order criminalized the possession of monetary gold by any individual, partnership, association or corporation.

I see a loophole for some extremely dubious 'jewellery' here...