First post

Smed

Hello everyone. Been lurking for a while and now signed up to get some ideas. I have a regular savings account with Virgin Money and I invest with Moneybox App General investment Account and fully invested in a Stocks and Shares ISA and a Cash Isa. Still a fair amount of cash to invest.

eskbanker

When lurking you may have come across previous threads along the same lines, in which the usual response is that in order to give any meaningful guidance, significantly more information is required.

Potential uses for your surplus money include pension contributions, property and P2P as well as S&S and cash, but so much depends on your financial circumstances and objectives - age, family, dependents, home ownership, job, pension, health, current assets and investments, attitude to risk, etc, etc....

What do you consider to be 'a fair amount of cash'?!

AnotherJoe

"First Post"

Your second post could perhaps have a more helpful title?

What did you want ideas on? You dont give any clue. You say your S&S ISA is "fully invested" but what in? Venezuelan Oil futures, HangSeng tracker, Tesco? Did you want ideas on that or what?

Do you have a pension?

Smed

I'm sorry. I just made a quick introduction post because I will be posting in this forum. I can't give the information asked for on a public forum. I have an independent financial adviser.

I don't see a thread for introductions.

bowlhead99

Smed wrote: »

I don't see a thread for introductions.

No, it's a forum community that literally millions of people might look at from time to time, so unlike some forums its not really the sort of place that expects new members to post just to say "hi" before they're allowed to engage in discussion.

Basically if you have some issue or opinion you want people to spend some time commenting on and discussing, then start a thread ; if you have an opinion on a point raised on some other existing thread, then add a comment to that existing thread. Simple as that. But if everyone who ever found the MSE forum just turned up and said, "hi, i'm a new user, nothing to say at the moment but I'm sure there will be some reason for me to want a username to participate in the future, so hi everybody", the forum would collapse under the weight of 300,000 empty threads and nobody could see the wood for the trees or find any real content to comment on.

Hope that explains why there are not lots of loving welcomes and a big red carpet rolled out for you, until you actually have something to engage with.

AnotherJoe

Smed wrote: »

I'm sorry. I just made a quick introduction post because I will be posting in this forum. I can't give the information asked for on a public forum.

You're not going to get very far in these forums without background detail, very few financial matters are clear cut.

If you arent prepared to answer even basic questions such as if you have a pension almost certainly this isn't the forum area for you.

bigadaj

Smed wrote: »

I'm sorry. I just made a quick introduction post because I will be posting in this forum. I can't give the information asked for on a public forum. I have an independent financial adviser.

I don't see a thread for introductions.

Shouldn't you be asking the adviser, you're paying him after all.

Smed

I am not looking for advice. Just signed up to have a few discussions about savings. I would not ask for advice unless I had details of qualifications and experience of those who were giving the advice. But why the interrogation?

I have an independent financial adviser and an accountant.

jimjames

Smed wrote: »

I am not looking for advice. Just signed up to have a few discussions about savings. I would not ask for advice unless I had details of qualifications and experience of those who were giving the advice. But why the interrogation?

Most people who post actually have a question they want to be answered, presumably if you've been lurking for a while you've realised that? I'm not quite sure what the point was if you have an IDA and aren't asking a question? If you have an IFA and accountant, how come you have a chunk of cash to invest, haven't they advised what to do?

Many people ask questions to get different views, it's certainly not the place to need details of qualifications from anyone who posts although knowing experience can help.

Pincher

Somebody I know has been asking around all his life.

What house should I buy, what job should I get, how should I handle this?

The people you know in person is a limited pool, and some of them could be a real doozy in the idiocy they come out with. The internet is a great extender of the reach for achieving perspective.

Ideally you want the full range of responses, from put it all on RED, to get 1.2% on a five year fixed rate bond.

AnotherJoe

Pincher wrote: »

Somebody I know has been asking around all his life.

What house should I buy, what job should I get, how should I handle this?

The people you know in person is a limited pool, and some of them could be a real doozy in the idiocy they come out with. The internet is a great extender of the reach for achieving perspective.

Ideally you want the full range of responses, from put it all on RED, to get 1.2% on a five year fixed rate bond.

I've seen some misleading advice, but that takes the biscuit. Its BLACK you fool, black.