OV9

240PP wrote: Wed Nov 06, 2024 7:14 pm Short term for cash you’re going to need, I wouldn’t use an index fund. Use the cash ISA.

Fair enough I used my appetite for risk by going with the relatively unknown Trading212's cash ISA at 5.17% and interest paid daily.

Gavster wrote: Thu Nov 07, 2024 8:42 am

240PP wrote: Wed Nov 06, 2024 7:14 pm Short term for cash you’re going to need, I wouldn’t use an index fund. Use the cash ISA.

Fair enough I used my appetite for risk by going with the relatively unknown Trading212's cash ISA at 5.17% and interest paid daily.

When? Last year?

This morning

For relatively short term, I’d always go with premium bonds. I think prize fund averages out it at 4.1% return (this may be old, I’ve not looked in a while) and there is always a chance of a big win.

Dave!

V8Granite wrote: Thu Nov 07, 2024 9:35 am For relatively short term, I’d always go with premium bonds. I think prize fund averages out it at 4.1% return (this may be old, I’ve not looked in a while) and there is always a chance of a big win.

Dave!

It’s 4.4% now but that’s a mean average. Real average returns are a lot lower than that.

Gavster wrote: Thu Nov 07, 2024 9:22 amThis morning

Link

240PP wrote: Thu Nov 07, 2024 9:42 am

V8Granite wrote: Thu Nov 07, 2024 9:35 am For relatively short term, I’d always go with premium bonds. I think prize fund averages out it at 4.1% return (this may be old, I’ve not looked in a while) and there is always a chance of a big win.

Dave!

It’s 4.4% now but that’s a mean average. Real average returns are a lot lower than that.

Median return is zero.

MoneySavingExpert wrote:Line up everyone with £1,000 worth of Premium Bonds in order of their year's winnings, and the person halfway along would have won... not a penny! In fact, you'd need to walk past 60% of the line until you hit the first £25 winner.

https://www.moneysavingexpert.com/savin ... ium-bonds/

Broccers wrote: Thu Nov 07, 2024 10:21 am

Gavster wrote: Thu Nov 07, 2024 9:22 amThis morning

Link

https://www.trading212.com/invest

Good example of Broccie doing his own research there

Perhaps the number wasn’t big enough

Sundayjumper wrote: Thu Nov 07, 2024 10:54 am

240PP wrote: Thu Nov 07, 2024 9:42 am

V8Granite wrote: Thu Nov 07, 2024 9:35 am For relatively short term, I’d always go with premium bonds. I think prize fund averages out it at 4.1% return (this may be old, I’ve not looked in a while) and there is always a chance of a big win.

Dave!

It’s 4.4% now but that’s a mean average. Real average returns are a lot lower than that.

Median return is zero.

MoneySavingExpert wrote:Line up everyone with £1,000 worth of Premium Bonds in order of their year's winnings, and the person halfway along would have won... not a penny! In fact, you'd need to walk past 60% of the line until you hit the first £25 winner.

https://www.moneysavingexpert.com/savin ... ium-bonds/

my little boy has had a great run on his

sept £175
Oct £100
Nov £150

Not a huge amount from the rest of the year though!

Gavster wrote: Thu Nov 07, 2024 11:20 am

Broccers wrote: Thu Nov 07, 2024 10:21 am

Gavster wrote: Thu Nov 07, 2024 9:22 amThis morning

Link

https://www.trading212.com/invest

Interesting - cheers . I read that there is no delay or penalty on withdrawls - is this correct?

mik wrote: Thu Nov 07, 2024 12:27 pm

Gavster wrote: Thu Nov 07, 2024 11:20 am

Broccers wrote: Thu Nov 07, 2024 10:21 am

Link

https://www.trading212.com/invest

Interesting - cheers . I read that there is no delay or penalty on withdrawls - is this correct?

Seems to be extremely flexible in that respect, it was on MoneySavingExpert and they think it's a loss leader to get people onto the platform.

I remember T212 from a few years ago but it had extremely bad reviews so I chose IG. It was based in Bulgaria, the heart of corruption in Europe which scared me off. Seems to have alright reviews now so I guess they sorted themselves out.
In the end I left IG too as I ended up with this random guy calling me from India all the time saying he’s my account manager and kept wanting me to try their other products. The bigger problem was withdrawals took far too long. I asked them to close my account which they didn’t and then started sending me inactivity fees. Which I eventually gave them an ear full about.

I use IG for our ISAs and have found them pretty good. Recent withdrawals to bank account have been near instant. They botched a recent pay-in though, due to the bank account being a joint account and thus not exactly matching *my* name. Got it sorted reasonably easily.

Gavster wrote: Thu Nov 07, 2024 11:20 am

Broccers wrote: Thu Nov 07, 2024 10:21 am

Gavster wrote: Thu Nov 07, 2024 9:22 amThis morning

Link

https://www.trading212.com/invest

Thanks

I've had a look. 0.7 percent taken when you put your money in - what are the other catches?

I use FreeTrade for my investing/ISA. Seems to work very well, have no complaints about the speed of paying in/out

Get a random free share of someshiteorother when you join up: https://magic.freetrade.io/join/timothy/4ea9ae0e

Broccers wrote: Thu Nov 07, 2024 2:39 pm I've had a look. 0.7 percent taken when you put your money in - what are the other catches?

Only on trading/stocks deposits over £2k. 0% on bank transfer deposits with a cash ISA, unless I missed something.

I opened one earlier and deposited some cash and it all went through without any charges.