Rachel Reeves

[monmouth]

Yes I’m talking about the inflationary risk attached to savings rather than investments that tend to outperform considerably if they’re left alone.

Personally I’d rather invest than save. I do have savings of course but that’s more for liquidity and easy access.

I respect the different viewpoint on this of course. But there are many different risk profiles as well. You don’t have to go high risk eg bonds.

I’m simply responding to the idea of incentivising investing which does make sense in many cases and there is actually a socialist case for this as it spreads wealth wider.

But that already exists. You can choose an investment ISA. Restricting cash ISAs takes away the option from the likes of JS, and shithouses like Clasey.

 

[J_B]

I moved our Isas from cash to stocks and shares 15 years ago following advice.
Best decision I ever made.

 

[PSumbler]

Yes, but you still have your capital, just means you can't buy as much with the interest you've earned, I'd rather that than lose my capital on high risk ventures. I am very risk averse, maybe that's why I'm not a millionaire, but I sleep at night. That's the way I look at it, probably bolloxs mind, I'm not a FA.

I'm not dissing it - that's why everyone has a tolerance to risk. I was merely pointing out that cash investments have risk but its not capital risk.

Same with everything on this front people should have a range and selection of all different types of investments - never have all eggs in one basket.

(Not a millionaire either !)

 

[MajorR]

Socialist Chancellor's renting out property for more than a nurse takes home every month.

She’s not doing anything wrong or illegal. She’s come from a modest background and done well for herself, if she’s in a position to make money legitimately then good for her. We need more people in this country to show a bit of ambition and graft.

 

[monmouth]

I moved our Isas from cash to stocks and shares 15 years ago following advice.
Best decision I ever made.

Yeah, I did too, but have ‘rebalanced’ now I’m an oldie of leisure and could never refill the pot. The issue as always is the next 15 years could put you back where you started or underwater. The world is a very volatile place just now. Unlikely of course, but that’s risk appetite for you. Diversification, balance, asset allocation and understanding your risks and investments are the critical factors.

I never had the courage for things like crypto, and I’ve always thought gold had peaked, even though it’s always then doubled . I don’t understand art, wine, or the like, so stick to pretty boring stuff and make sure I can afford the exposure to 50% collapse in invested funds. Then I can relax. I do wish I’d bought more property though….’Rent it like Rachael’.

 

[exiledclaseboy]

She’s not doing anything wrong or illegal. She’s come from a modest background and done well for herself, if she’s in a position to make money legitimately then good for her. We need more people in this country to show a bit of ambition and graft.

She’s not a socialist either, at least no more than anyone who believes in distribution of wealth is a socialist. Which is more or less everyone apart from cranks.

 

[Smurph]

Is it still ok to keep all your spare change under the mattress?

Asking for a friend

 

[exiledclaseboy]

Is it still ok to keep all your spare change under the mattress?

Asking for a friend

I’ve had the same £50 in my wallet since the first Covid lockdown. Two twenties and a ten.

 

[Niigata Jack]

I'm not dissing it - that's why everyone has a tolerance to risk. I was merely pointing out that cash investments have risk but its not capital risk.

Same with everything on this front people should have a range and selection of all different types of investments - never have all eggs in one basket.

(Not a millionaire either !)

If you had ex amount of money to invest where would you invest it I've a couple of cash Isa's, but I'm sure I could get better value/returns elsewhere?

 

[rockinj]

But that already exists. You can choose an investment ISA. Restricting cash ISAs takes away the option from the likes of JS, and shithouses like Clasey.

Nah I disagree there’s an economic theory relating to “nudging” behaviour if you make something more desirable then the idea is people will move.

You can share between a cash and stocks isa. This might mean that the balance shifts a little more towards stocks isas but still retaining eg 15k in the cash isa and 5k in stocks instead of 20k

Anyway there is no right or wrong here just your risk appetite.

 

[Cooperman]

If in doubt go and speak to an IFA; most will give you 30 to 60 mins of their time and without any sales pitch. Once you have done this go and speak to another, and another. Most of your work pensions are tied up in much the same way as your S&S ISA would be, perhaps you’re just not aware of this and yet you don’t give it second thought. More risk doesn’t necessarily mean high risk and this is definitely not about putting all eggs into the same basket.

 

[Cooperman]

If you had ex amount of money to invest where would you invest it I've a couple of cash Isa's, but I'm sure I could get better value/returns elsewhere?

There are a multitude of financial service company’s who can provide you with a range of investment options. The first hurdle is to decide which one to use - let’s say you choose Hargreaves Lansdown. H&L will then provide you with the ability to invest across either ready made funds which they manage themselves, or funds of your own choice. Either way you make the decisions and have full visibility of historical performance of that fund. You also see which sectors the fund is involved in and the risk associated with it (H&L classify risk in words such as cautious, balanced, moderately adventurous or adventurous). Even some of their cautious category ready made funds are delivering >8% growth per year.

**this is not financial advice and the value of your investment can go up as well as down**

 

[Smurph]

I’ve had the same £50 in my wallet since the first Covid lockdown. Two twenties and a ten.

Same here I've got three tens and a twenty

 

[PSumbler]

If you had ex amount of money to invest where would you invest it I've a couple of cash Isa's, but I'm sure I could get better value/returns elsewhere?

I couldn’t answer that to be honest Max without any level of indication or your risk appetite, your requirements for the money (access etc) and capacity for loss

If it’s cash isa you are in at the moment then I’d assume you’d want similar with no capital risk so I’d be tempted to look at savings accounts but via platforms such as hargreaves landsdown where you can move money with ease always getting best interest rates

There will always be better returns but these always come with risk

Depending on the £ you are talking then speaking to qualified experts is always the best way rather than the “man in the pub/forum” as it’s very rare two people’s requirements equally match each other

 

[PSumbler]

I should have read on and seen coopermans reply