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What to do with cash?
ajbell
Posts: 1,151 Forumite
Nice problem I know but basically I have enough exposure to stocks now £100k) and I have around £2.5k to save each month, maxed out 4 current accounts at the moment, lloyds,tsb,nationwide and santander.
Where to put the money at more than half a percent?.
Where to put the money at more than half a percent?.
4kWp, South facing, 16 x phono solar panels, Solis inverter, Lincolnshire.
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Comments
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The MSE article is pretty good
https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/
...with the caveat that the "Notice Savings" section could be better, e.g. it doesn't mention Charter Savings' 1.9% 95-day notice account.0 -
I’m not saying you’re wrong, not at all. But...
Why stop at £100k ?
Just curious0 -
Eggs in a basket and all that but I tend to invest in riskier stocks on AIM and just want to build up some cash now but no one seems to like cash any more.
Had a hell of a job buying a car for cash recently, they just weren't interested.4kWp, South facing, 16 x phono solar panels, Solis inverter, Lincolnshire.0 -
We here at Digger Mansions have been more than happy with our retirement cash in gold. At 90%+ in one basket we are used to having many here warn us of "Eggs in a basket" We don't have a problem as it has worked out well, and we never take our eyes off the basket.Eggs in a basket.......
Depends what age you are, but I see no problems looking ahead 5/10 years+ if you began drifting money in to gold. You can even put ETF gold in SIPP's, and S&S ISA's.
May be out of your horizon, but there is plenty of information to be found on the subject... _0 -
Gold carries risks. It was confiscated from private holders in the US in 1933. ETFs may not hold the gold they claim or their counter-parties might not.0
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Bonds?
Less risky shares?0 -
NS&I pay more than 0.5% on nearly all their accounts. 1.95% on 3 yr bonds0
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