Inflation and Savings - Best Way to protect

Albermarle

Chelt_chap said:

So with Inflation now at 9% and probably set to increase I am thinking about how best to mitigate this as my savings are loosing money each day. I am in my late 30's own a house with a mortgage. 

I have roughtly the following 

Cash ISA - currently 0.90% £30K 
Cash Savings - 0.8% £6K
Fixed Cash ISA expiring September - £10 K @ 1.12%

Stocks and Shares ISA 

FTSE 100 Index Tracker - £4K 
Vanguard Life Startegy 60 - £4K 
An Asian Markets Tracker - £1K  - Mainly Japan, China and India. 


Then about £100 in Bitcoin 

I have about £500 - £600 spare at the end of each month and have been drip feeding into my Stocks and Shares ISA over the past couple of years. Thing is the Stocks and Shares are going down so loosing money here and on my cash. What the devil am I meant to do! 

Do you not have a pension ? This can often be the best place for additional contributions, depending on the type of pension and you can wait longer term to access it 

eskbanker

aroominyork said:

eskbanker said:

Chelt_chap said:

Stocks and Shares ISA 

FTSE 100 Index Tracker - £4K 
Vanguard Life Startegy 60 - £4K 
An Asian Markets Tracker - £1K  - Mainly Japan, China and India. 

[...]

Thing is the Stocks and Shares are going down so loosing money here and on my cash. What the devil am I meant to do! 

Take advantage of cheap prices?

A little cheaper than a few months ago ≠ Cheap. (At least, not necessarily.)

Indeed, perhaps I should have said 'cheaper', although that semantic distinction got a bit out of hand on another thread!  Agree that cheap doesn't equate to undervalued though, but for someone who's already buying every month then continuing to do so (with the long term in mind) would seem an obvious direction, unless there's any fundamental reason to change tack....

jimjames

Chelt_chap said:

 Thing is the Stocks and Shares are going down so loosing money here and on my cash. What the devil am I meant to do! 

Going down could be a good thing as you're buying, I think most people would prefer food prices to be going down rather than up when you want to buy food. 

redpete

Chelt_chap said:

I have about £500 - £600 spare at the end of each month and have been drip feeding into my Stocks and Shares ISA over the past couple of years. Thing is the Stocks and Shares are going down so loosing money here and on my cash. 

or... "Stocks and Shares are cheaper to buy each month, so when markets recover my gains will be increased."

But the dip in the market might last a long time, some sectors might never recover.  If you might need the money at short notice for a life event, then recovery might not have happened at the right time.

Chelt_chap

Thrugelmir said:

Interest rate on pay on the mortgage? 

1.59% fixed until next May 

Chelt_chap

Albermarle said:

Chelt_chap said:

So with Inflation now at 9% and probably set to increase I am thinking about how best to mitigate this as my savings are loosing money each day. I am in my late 30's own a house with a mortgage. 

I have roughtly the following 

Cash ISA - currently 0.90% £30K 
Cash Savings - 0.8% £6K
Fixed Cash ISA expiring September - £10 K @ 1.12%

Stocks and Shares ISA 

FTSE 100 Index Tracker - £4K 
Vanguard Life Startegy 60 - £4K 
An Asian Markets Tracker - £1K  - Mainly Japan, China and India. 


Then about £100 in Bitcoin 

I have about £500 - £600 spare at the end of each month and have been drip feeding into my Stocks and Shares ISA over the past couple of years. Thing is the Stocks and Shares are going down so loosing money here and on my cash. What the devil am I meant to do! 

Do you not have a pension ? This can often be the best place for additional contributions, depending on the type of pension and you can wait longer term to access it 

I have an NHS pension and I also pay 150 into a private scheme. 

Albermarle

Chelt_chap said:

Albermarle said:

Chelt_chap said:

So with Inflation now at 9% and probably set to increase I am thinking about how best to mitigate this as my savings are loosing money each day. I am in my late 30's own a house with a mortgage. 

I have roughtly the following 

Cash ISA - currently 0.90% £30K 
Cash Savings - 0.8% £6K
Fixed Cash ISA expiring September - £10 K @ 1.12%

Stocks and Shares ISA 

FTSE 100 Index Tracker - £4K 
Vanguard Life Startegy 60 - £4K 
An Asian Markets Tracker - £1K  - Mainly Japan, China and India. 


Then about £100 in Bitcoin 

I have about £500 - £600 spare at the end of each month and have been drip feeding into my Stocks and Shares ISA over the past couple of years. Thing is the Stocks and Shares are going down so loosing money here and on my cash. What the devil am I meant to do! 

Do you not have a pension ? This can often be the best place for additional contributions, depending on the type of pension and you can wait longer term to access it 

I have an NHS pension and I also pay 150 into a private scheme. 

£150 a month is not a lot in pension terms, even if you will already have the NHS pension.
Probably it would be good place to start by upping this monthly contribution and at least gaining the tax releif, compared to investing outside a pension.

dunstonh

The notable thing on this thread is that two respected regular contributors have been banned.   Two that rarely even hint at dissent.   What is going on with this site?

RG2015

I can only see one atm and I agree completely. Hope it is temporary.

Albermarle

RG2015 said:

I can only see one atm and I agree completely. Hope it is temporary.

Thrugelmir as well..........