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DonnieDarker

Quick Bit Of Advice...saving For House

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Haven't posted for a while as I had been working my **** taking advantage of a cash cow that had appeared at work.

The good news is that I will have £3.5K extra to save.

I was thinking of investing this into shares. I am still thinking of buying property in 2007.

Perhaps I should simply lump it in with my other cash savings? Any ideas?

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Haven't posted for a while as I had been working my **** taking advantage of a cash cow that had appeared at work.

The good news is that I will have £3.5K extra to save.

I was thinking of investing this into shares. I am still thinking of buying property in 2007.

Perhaps I should simply lump it in with my other cash savings? Any ideas?

If you haven't used up your ISA allowance already, that's definately an option worth exploring as its tax free.

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You really need to be in shares for at least 5 years to make any sensible gain, unless you really know what you are doing. Don't forget you could lose the lot.

Little anecdotal for you. I bought £1000 Psion shares just before the bubble burst in 2000. Got a letter through the other week offering a free share sale service for small quantities of Psion shares. I looked up the stock price and worked out my shares are worth £40-odd! That was an expensive lesson in market dynamics!

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I'm doing the same, but investing in non-cyclical, defensive stocks just to try and preserve capital and beat inflation. I did have the cash in an online savings account, but after tax it was probably losing out to the REAL rate of inflation (i.e. ~4%)

I've put most of my cash into large German utilities (RWE, EON etc), I hope they should be safe whatever happens. Also, foriegn stocks are exempt from stamp duty, even when bought on the London stock exchange.

Income OEICs/funds are a safe-ish bet too.

Edited by tonification

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Haven't posted for a while as I had been working my **** taking advantage of a cash cow that had appeared at work.

The good news is that I will have £3.5K extra to save.

I was thinking of investing this into shares. I am still thinking of buying property in 2007.

Perhaps I should simply lump it in with my other cash savings? Any ideas?

Sorry, how long did you say your dick was again ?

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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