Kids savings account - Halifax offering 4%
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Best savings rates....
Collapse
X
-
-
Originally posted by sasguru View PostShort term thinking. I'm talking over 20 years. 40K is a small sum after all.
Some of my index funds are emerging markets, now is the time to get in if you have a 10-20 year outlook.
Very little invested in UK securities.
And yes I have a diversified portfolio including cash and property.
Good news - I am also.
Refer to graph and the peaks. You would be *much* worse now, particular relative to inflation. As I said, don't invest right now if you're new to it, because as you can see the past peaks aren't hugely below the existing peak. Why is it a peak? Companies aren't doing particularly well, consumer loans are much higher, spending is trending downwards. If you invest some huge lump sums in the next 6 months you will regret it. Instead split those into 36 lump sums and invest per month instead; that's far better advice:
Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment