SwingsitlikeHogan
Major Champion
loads and loads of value...Actually it has lost loads of value in that time due to inflation
£5 now is nowhere near a weeks wages now ?
loads and loads of value...Actually it has lost loads of value in that time due to inflation
£5 now is nowhere near a weeks wages now ?
There's an exception to every rule.A £5 premium bond bought by my parents for me in the early 1960s for my birthday when that was about a week’s wage for my dad has won nothing and in terms of cost it was a very significant outlay. My £15 in total premium bonds from that time were worth a lot back then, an investment that has won nothing and is worth £15 today ?
There are different forms of risk and you cannot avoid risk. Over 5- 10years so called low risk investments are at quite significant risk of losing value due to inflation. Personally over this kind of timescale for my children I would take equity risk every time and invest in a junior ISA.
its clearly spam . I'd ignore it.Do you ever see Warren Buffet investing in cryptocurrencies or NFT's? Err no. Think he knows something about investment.
Get some sound financial advice from an independent advisor
Cheersits clearly spam . I'd ignore it.
Agree with @fundy .. do your own research. Only you know your risk profile and timelines better than anyone. What happens if you find the perfect house in 6 months?
Having said all that.
1) safest is Premium Bonds. Go in with the idea that you may not win anything. But equally you won’t lose your capital
2) slightly better is instant access isa .. MSE is a good site to compare
3) if you want to invest in funds, then buy it in chunks at regular intervals rather than 16k in one go. 1k a month for the next 12 months, that way you still have 4K left (or put that in PB). Buy a cheap index tracker via an ISA - that way you can keep all the money. US markets likely to do better than U.K. in the next 12 months or so. Esp with Bidens new inflation bill which is investing heavily in infrastructure. You will lose some money on FX since GBP is going to be a roller coaster for some time. More reason for adopting a monthly systematic plan. 1k into fund and 300 into PB
4) more risky .. then direct stock. But won’t recommend it due to your timescales. I am a big Tesla fan, so I try and buy it. It’s trading at $290 today with a target of 350-400 by year end. Always take such with pinch of salt. I had 9K for kitchen revamp. I put it into Tesla and it has dropped 20%. So very risky to go direct stock.
If you are looking to go long term then there will be bargains to be had on fundamentally good stocks. But not for you at the moment.
You should not get into any other exotic instruments like options, fx, nft, cryptos, commodities, gilts etc, unless you know what you are doing and/or have help & guidance on it
ps: never take advice from me re finance or golf (or any thing else for that matter)
Tesla had a share split Mudball? 3:1?
Yeah I caught that one and the prev split too.. so I am quids in
I re-entered post split at around 315 and now in big paper loss. However I can let it run as I liquidate some of my pre-split to cover. Also with near dollar parity, it gives me another 20% of free money when I sell them.
I do expect them to split 2-1 in the next 24-36 months again.
Yep cant let people realise how expensive the shares have actually got compared to their performance, gotta keep splitting them
Why not......I'd advise not getting your advice off an Internet forum
.. good analogy… I have a hole in one.. just like my pension pot ..Just stumbled upon this thread and couldn't resist chiming in. Investing is like teeing off on a challenging par 5 – it requires strategy, patience, and a good swing! Regarding the investment advice shared here, I'd suggest approaching it like a tricky bunker shot – analyze the lie, consider the risks, and take your shot with confidence.
And herein lies the problem with trying to forecast what will happen in matters financial…‘twas sound, reasonable and logical thinking back in July 2021..however as much as interest rates have skyrocketed since then…have house prices suffered much?totally agree about equities all the way for kids and most people with a medium-long term horizon.
nebertheless, we are a very tricky time to predict the next five years or more…
And house prices will likely suffer a similar fate if interest rates rise!
Why not..
And herein lies the problem with trying to forecast what will happen in matters financial…‘twas sound, reasonable and logical thinking back in July 2021..however as much as interest rates have skyrocketed since then…have house prices suffered much?
Btw..abs not having a dig at @PNWokingham