revtothelimit - motorbike forum

Seriously though, I mean equities....well my IFA does anywyay. No bitcoin, P2P or anything like that.

cheb wrote: Tue Aug 18, 2020 2:50 pm Are there any companies that make starched collars and cheddar cheese?

Starched collar have been in a bit of slump for the last 120 years but I'm holding out for a hipster fuelled boom. The vegans have fucked my cheese stocks though.

Mr. Dazzle wrote: Tue Aug 18, 2020 3:05 pm The vegans have fucked my cheese stocks though.

Ah.

I wondered what the smell was...

Bear in mind HM Govt. calculate the prize pot to a rate of savings interest, it's no surprise the payouts have been lower. That said, govt-backed, liquid, reasonable rates in comparison to others with a slight whiff of a chance to win big. Nothing to lose.

Other investments may yield more, but the risk goes up accordingly.

gremlin wrote: Tue Aug 18, 2020 3:55 pm Bear in mind HM Govt. calculate the prize pot to a rate of savings interest, it's no surprise the payouts have been lower. That said, govt-backed, liquid, reasonable rates in comparison to others with a slight whiff of a chance to win big. Nothing to lose.

Other investments may yield more, but the risk goes up accordingly.

Dammit!! I want 15% per year with zero risk, man down the pub said it was possible, oh and I can’t afford to lose a penny...

I’ve got a few thousand invested and last time I checked I’d made around 1.8% which isn’t great but better than a normal savings account.

The above makes a lot of sense, I had (small to you) £2k invested for a couple of years before their T&C's changed and over that period with 'prizes' I earned almost exactly the equivalent to having left the money in a standard savings account

Skub wrote: Tue Aug 18, 2020 3:15 pm Ah.

I wondered what the smell was...

Sorry, that's me... I'll shower in a bit.

I've gone up to £10K and the wife £5K. We are getting over !.5% which is better than any of our old saving accounts. We've been moving money around a bit lately.
Seems the bigger prizes are won by people with the maximum investment. Although last month someone with £5K won the million as did someone with £40K. Sister in Law and husband have the max. He got 3x £25 SiL got nothing, me and the wife got £25 each

Wifey and I are maxed out, so £100k in bonds. Last month we won £75 which was the first win this year.

Mr. Dazzle wrote: Tue Aug 18, 2020 9:06 am

Jody wrote: Tue Aug 18, 2020 7:59 am
Going to pull all the money out and put it in peer to peer lending when I'm back in the UK.

Is peer to peer safe?
*tautology

in a word, NO

it's not safe. BUT its kinda OK as loans are secured against property so it's really in the borrowers interest to make sure they make the payments.

My kid bro has a lot invested with them, they did have one default, but eventually he paid it all back with added interest so was worth it in the end!

Great for stashing cash temproarily e.g. we've got cash put aside for a bathroom, popped it in bonds in June, won £75 so far and no wait to access the cash once the work is done. To be honest I mostly like the possibility of the prize, checking it at the start of the month etc. But I'm a sucker for lotto etc.

Just seen that NSand I are dropping the rate they use from November, might be time to invest elsewhere?

Jody wrote: Mon Sep 21, 2020 11:25 am Just seen that NSand I are dropping the rate they use from November, might be time to invest elsewhere?

You may find better rates elsewhere, but do make sure your savings are covered by the FSCS. As long as you don't have >£85k you'll get your money back if the bank/BS goes tits up. If you have more than £85k, either split it between two banks or give some to me.

Long before the days of the carpet bagger and FSCS, people spread their savings across multiple institutions to limit the risk of a single bank / building society going pop. Demutualisation of many building societies ended up with savers leaving their droves to get qualifying accounts for future share payouts. Now it is about spreading cash for max interest / protection. Needless to say, there are software solutions out there for the best blends of both.

Also, don’t forget the £85/170k FSCS limit applies to a single banking licence, so multiple accounts with say, Lloyds, Halifax, Bank of Scotland would only qualify once.

I own more than one mattress for similar reasons.

https://www.fscs.org.uk/what-we-cover/

In case anyone wants to read up about it.

Harry wrote: Mon Sep 21, 2020 12:49 pm

gremlin wrote: Mon Sep 21, 2020 11:34 am
You may find better rates elsewhere, but do make sure your savings are covered by the FSCS. As long as you don't have >£85k you'll get your money back if the bank/BS goes tits up. If you have more than £85k, either split it between two banks or give some to me.

According to the bank I spoke to a lot of people are opening multiple new bank accounts for this reason.

But, let's not forget option no. 2.

Harry wrote: Mon Sep 21, 2020 1:53 pm

gremlin wrote: Mon Sep 21, 2020 1:40 pm

Harry wrote: Mon Sep 21, 2020 12:49 pm

According to the bank I spoke to a lot of people are opening multiple new bank accounts for this reason.

But, let's not forget option no. 2.

When I've made my first billion I'll send you a postal order for a few bob.

Worked for Charles Ponzi.

Broke our 6 month losing streak this month... £25.