Savings account/money in shares. What’s the best option?

[JASR]

So the APR on the account is 1.52% and can be changed at any time.

Yes, but it’s the best rate you’ll get on savings/current

 

[The Stockport Iniesta]

Looking to put some money into shares or savings account but not really clued up much on this and don’t just want to look at random articles on google. Any advice from anyone who does it?

An ISA for shares is really a minimum 5 years for a reasonable return. The returns long-term, a decade plus, will shit all over a savings account though.

 

[zerox]

If buying shares and funds the Usa is a must at the moment instead of Uk.

£1000 in the ftse last year is worth £840
£1000 in the S&P last yaer is worth £1160
Not likely to change when all the Usa is doing is injecting money into the economy because of the virus.

 

[117 M34]

I have a bit of spare cash that I don't know what to do with.
I shouldn't need it anytime soon unless something happens where I lose my job but don't want to tie it up just in case.
I'm pretty risk averse and not really interested in making money on it but would like to get inflation level of interest on it so that I don't lose relative spending power on it.
Was going to shove it all in a vanguard account but might put into premium bonds instead seeing as that's been mentioned a few times.

 

[zerox]

I have a bit of spare cash that I don't know what to do with.
I shouldn't need it anytime soon unless something happens where I lose my job but don't want to tie it up just in case.
I'm pretty risk averse and not really interested in making money on it but would like to get inflation level of interest on it so that I don't lose relative spending power on it.
Was going to shove it all in a vanguard account but might put into premium bonds instead seeing as that's been mentioned a few times.

The thing with PB is the 1% it purports include the big prizes, so unless you are lucky and win a major prize, you are unlikely to get the 1%, on the the other hand if you do get lucky you win many times more than 1%, but the majority of people will not get the 1%.

 

[denislawsbackheel]

Yes, but it’s the best rate you’ll get on savings/current

Only up to £1000 in a year if it’s Nat West and you need to have a current account with the bank.

 

[Wafty Cranker]

If buying shares and funds the Usa is a must at the moment instead of Uk.

£1000 in the ftse last year is worth £840
£1000 in the S&P last yaer is worth £1160
Not likely to change when all the Usa is doing is injecting money into the economy because of the virus.

With the FED printing money they’re also devaluing the dollar. The dollar is down 17% against vs the pound since March. That’ll soon wipe out a chunk of those gains if you’re a UK investor.

As another poster mentioned, it depends on how long the funds are to be tied up and your appetite for risk.

The advice about cost averaging into a low cost tracker fund was good advice if you’re not too sure what you’re doing.

The FTSE thread has had a few decent tips in there and is not just about the FTSE.

There is also a cryptocurrency thread on here if you don’t mind a lot of volatility. Bitcoin is roughly up 3x in the last few months.

 

[marco]

bought gold sovereigns and Krugerands around two years ago, sovs were £218 now £330 bought 25, Krugerrands were £920 now £1400 bought 5, cashed them in today at Bullion by post

Totol invested £10,050.00
Total sold £15,250.00

 

[Skip Donoghue]

Don't leave money in the bank, get into stocks, crypto etc
Only invest what you're prepared to lose

You need to know what your aversion to risk is, if you're just after low risk, put your money into an ETF something like the S&P500 which tracks the best 500 stocks on the American markets, this alone can give decent returns, averaging around 12% per year
Do your own DD and good luck

 

[sir baconface]

Whisky and women.