I have been a long time part-time lurker of these forums and have been amazed at
the accuracy to which some of the economic/financial predictions have become, and
are seemingly becoming reality.
Around a year ago I was thinking about buying a flat, but after seeing the huge prices at
the time, I thought I'd better do some serious research first, and consequently came across
So fortunately I managed to avoid making a huge financial mistake and didn't buy, so
thank you to the regular posters of this site who I have gained a lot of valuable information
from in the last year.
So now I find myself in a position with a fairly large deposit saved up from the last 3-4 years
and plan to buy a property when prices reach a more reasonable value in a year or two or more.
However lately I have become increasingly concerned about the rise of inflation and the
continual drop in sterling. A third of my future deposit is in an ISA and the rest in an e-savings
account. My first plan was to simply put my e-savings part into a e-bond at 6.75% and hope for
the best, but after reading through various threads on this site and elsewhere, it seems a better
course of action may be to invest some of my sterling elsewhere in other currencies, gold,
commodities or the stock market.
So I guess I'm asking would you think the second path is a reasonable one for someone like
myself who has no experience of investing, and only a small but fast growing knowledge of economics
and finance, or it would be too big of a gamble and should I just stick to investing in the the high
interest e-bonds for the time being until I gain more knowledge and understanding of investing?