Open question - Financial
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In case anyone wonders why I'm referencing the US dollar as opposed to the British Pound its because its all connected and the impacts are widespread.
Bit late on this, but I'd look in spreading it across someone else's trading portfolio. This comes with a lot more reward and a lot less risk (still some risk) as because the funds are press across various companies if one goes down chances are it'll easily be countered by the others that will likely be on the up. But again, still risky...
Or alternatively I have $20,000,000 in water damaged notes that you're welcome to have, I'll need a small refundable transfer fee... Say £20,000 for insurance purposes..
Or alternatively I have $20,000,000 in water damaged notes that you're welcome to have, I'll need a small refundable transfer fee... Say £20,000 for insurance purposes..
At the current rate the FIAT printing presses are running I think all Note now are inherently damaged - water or not.
We put money into premium bonds in my name six months ago.
We're getting older, experience has taught us that though we live jointly, and we are on accounts in both names, and we know that the wills would mean that the survivor will, eventually, have all of them, sometimes it's easier to have multiple accounts and in seperate names.
We've seen/heard/dealt with too many hassles over folks trying to access cash or accounts when their SO is either incapacitated or shuffles off this mortal coil.
Anyhow, so far, I've won £250 on £15,000, so not quite your £20K, but a decent amount all the same. I'm not in dire necessity of increasing funds and being prepared to be risky to do so.
I was quite chuffed with my winnings
We're getting older, experience has taught us that though we live jointly, and we are on accounts in both names, and we know that the wills would mean that the survivor will, eventually, have all of them, sometimes it's easier to have multiple accounts and in seperate names.
We've seen/heard/dealt with too many hassles over folks trying to access cash or accounts when their SO is either incapacitated or shuffles off this mortal coil.
Anyhow, so far, I've won £250 on £15,000, so not quite your £20K, but a decent amount all the same. I'm not in dire necessity of increasing funds and being prepared to be risky to do so.
I was quite chuffed with my winnings
Just to say - I think the Plum app is an excellent tool for some basic financial investing / saving.
withplum.com
( I'm sure some smart bottom will be along shortly to decry it but will miss the advantage to making financial investment easy for younger generation )
Plum – Do more with your money
Plum is the ultimate smart money app, helping over 1 million people to invest, save and manage their spending with automation.
withplum.com
( I'm sure some smart bottom will be along shortly to decry it but will miss the advantage to making financial investment easy for younger generation )
I’ve tried a little of crypto investing and can relate to the confusion about things having value when you can’t physically touch them. I started out with small amounts in Bitcoin and Ethereum a couple of years ago, mostly because I was curious and wanted to see what the hype was about. What surprised me was how volatile things can get, one week up, next week down. Took a bit of getting used to, but I’ve kept a small amount in there just to have some exposure while most of my savings are in more traditional places. One thing I got interested in recently is the more technical side of trading itself on newer blockchain projects. There are tools like a solana dex trading bot that help automate trades for tokens on decentralized exchanges, which opened my eyes to just how advanced crypto markets have become.
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Gold has done pretty well recently & is known to be good in a crisis. The current world instability should make it a solid investment.Open question to see where and what people would invest in at THIS current time with all that has gone on in the last 12 months.
So hivemind - If you had , lets say £20k in funds , and you HAD to invest it ( not pay down the mortgage, not clear any outstanding debts , not give it away - the taxman man can wait...
WHERE would you invest it in todays world and a quick justification of why please.
TIA.
Some in a reputable unit trust or insurance policy savings plan might be good too. Medium risk stuff seems to be the sweet spot at the moment.
Gold is a good investment until we have small-scale and modular fusion reactors because at that point energy becomes effectively cost-free.
Those SMR's are never going to be cost free, and neither is operating them. The banking and finance industry will ensure that.
Yes, whilst producing energy they more efficient, and therefore below the cost of alternatives. But it would be foolish to undercut the alternatives market prices by anything less than necessary to secure market share. The long term debt interest for creating SMR's, and the end disposals cost will be crippling. That has to be recovered over their operating life, like any other business investment.
SMR's have a lot of potential strategic benefits, whether they ultimately cost less than large scale nuclear energy or not will have to be seen. It will be interesting to see how those costs will be borne, and by whom. e.g. will the manufacturer supply and own or, say, will the govt. spin them off as investment vehicles for the market to buy?
In Roman times an ounce of gold would get you 200 litres of wine. Today that same ounce will get you......... yes , you guessed it 200 litres of wine. It is tangible, valuable, inflation proof and a real unit of exchange. You will never make any money on it though but you will never lose any either. Fiat currencies are manipulated. Finite resources of precious metals can never be. That is why the gold standard was removed. The Gold backed up all these worthless IOUs that were floating about. With nothing to back them up the printing machine went full time. My advice would be to be your own banker. Get any money out of their pockets and back into yours and the what's more there is a grand collapse on its way. It is a very good idea to invest in physical Gold, silver, seeds, tools, chocolate, Land and horses... anything except the banking racket. DD. xxxx
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