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Old 24-11-2020, 11:25   #61
basegreen
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Yeah not for you.

I stuck a grand in ripple last week when I saw it going up and I just took 84% profit in a few days.

Obviously investing in crypto properly risky!

I would have a look at some of the private / start up bonds. There's a few decent ones around.


Edit: edited the exact %

Last edited by basegreen; 24-11-2020 at 11:26.
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Old 27-11-2020, 14:26   #62
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Quote:
Originally Posted by cjanderson View Post
I think I just about get enough cash back to cover the fees.
And I also have 123 credit card. So doesn’t seem worth switching and moving to lite.
But I should probably move hskf out and put more into my rate setter isa, that’s still paying 2-3% right now (which is 50% discount from normal rate)


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I did dump the 123 credit card and went to the Amazon credit card. I easily spend enough each month on it to get the £10 Amazon voucher, but I was only getting about £3 cashback with the 123 card.
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Old 28-11-2020, 10:46   #63
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Just transferred some money from marcus and the rate has dropped to 0.7%, I only use it as my funds account to make a few quid and keep it out the current account (I send money back to the UK every few months as its costly and a faff). Annoying but I need instant access.

Just had a look, that's 0.1% better than I could transfer it to
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Old 28-11-2020, 14:49   #64
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Quote:
Originally Posted by jockosjungle View Post
Just transferred some money from marcus and the rate has dropped to 0.7%, I only use it as my funds account to make a few quid and keep it out the current account (I send money back to the UK every few months as its costly and a faff). Annoying but I need instant access.

Just had a look, that's 0.1% better than I could transfer it to
And their rate is going down again next month. Never had an account have so many interest rate drops in such a short period of time.
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Old 29-11-2020, 10:19   #65
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Well when I took it it was 1.3% which was slightly market leading. But they've obviously kept it market leading as the market falls.

I have loads of discarded savings accounts still active, who at one time or another gave me slightly more than others. RSI bank, etc.
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Old 30-11-2020, 10:02   #66
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What day of the month is the Premium Bond draw ? And is there a minimum period between investing and being eligible for the he draw ?
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Old 30-11-2020, 10:13   #67
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It says on the website the next day results will be drawn.
https://www.nsandi.com/prize-checker
Currently it's the 2nd December. You need to have invested for a month to be eligible.
Quote:
In most cases, you’ll need to hold them for a whole month before they’re eligible for the
prize draw. For example, if you buy Premium Bonds any time in November, they’ll be in
the draw in January.

Last edited by Wooglie; 30-11-2020 at 10:15.
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Old 30-11-2020, 13:00   #68
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I still have a 123 account as I am still making money on it...just.

I've just transferred out the bulk of my NS&I Income bond money because of the rate change. I left it for a while after the rate drop as I knew they would be flooded with requests and was happy to forego a few days interest to save any hassle. Transaction went through fine and will hopefully hit my bank account tomorrow. It will then go in to my Skipton savings account which is still paying 0.7%

I kept £500 in the Income Bonds account just in case they decide to raise rates again for existing account holders. Long shot I know but worth a punt.
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Old 30-11-2020, 13:19   #69
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Now this would have been a good time to be a saver...although mortgage payments would have been pretty hefty!!!

https://imgur.com/a/LWxNteP
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Old 30-11-2020, 14:49   #70
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Quote:
Originally Posted by basegreen View Post
Yeah not for you.

I stuck a grand in ripple last week when I saw it going up and I just took 84% profit in a few days.

Obviously investing in crypto properly risky!

I would have a look at some of the private / start up bonds. There's a few decent ones around.


Edit: edited the exact %
That will be me spending the rest of the day Googling ripple
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Old 30-11-2020, 15:03   #71
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It's up 164% this month.
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Old 30-11-2020, 15:04   #72
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Most of the major coins are up 10% on the day as well.
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Old 30-11-2020, 18:44   #73
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Quote:
Originally Posted by GregB View Post
Now this would have been a good time to be a saver...although mortgage payments would have been pretty hefty!!!

https://imgur.com/a/LWxNteP
We got our first mortgage a few months after that
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Old 30-11-2020, 19:21   #74
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Bitcoin is seeing quite a resurgence in value recently after dwindling for a few years.

Paypal and high profile finance firms have been giving it major creedence. Could well be seen as an alternative to gold as a store of value in the coming years.

The new graphics cards coming out from Nvidia and AMD recently should lend itself to further rises as the costs of mining the cryptocurrencies becomes more worth it.

Need to look out for the Bitcoin whales though; any large transactions seems to depress the price quite a bit. Not for the faint of heart but worthwhile having 1% of your investment funds in cryptocurrency to not miss out on any price increases.

Last edited by jmdomain; 30-11-2020 at 19:31.
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Old 17-12-2020, 00:05   #75
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Decided to get out of the Bitcoin game a couple of minutes ago.

Institutional investment is really driving the current big rises:

https://www.bloomberg.com/news/artic...ward-s-backing

Just today, got out at £15,750 per BTC.

40% return after three years, not bad.

For the OP, have you looked at Vanguard? They strive to have the lowest management fees:

https://www.vanguardinvestor.co.uk

Last edited by jmdomain; 17-12-2020 at 00:20.
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Old 29-12-2020, 19:09   #76
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So where the best places to start looking when it comes to investing in BTC ? My only experience of bitcoin, to date, has been in using it to pay for the odd online service.
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Old 29-12-2020, 19:20   #77
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I bought and sold BTC through Coinbase. They seem to be the most reputable:

https://www.coinbase.com

Bought via debit card then when sold got it almost instantaneously back via Paypal.

The mobile app they have is good too.

Personally, I would wait until at least mid-jan before buying BTC to see what the price is like then as a few years ago the price plummeted just after the new year after its previous record high.
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Old 30-12-2020, 11:24   #78
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It's looking like for the risk averse investor that premium bonds are the way to go if you've got enough to invest to ride out the wave of not winning at all. Pays about 1%.

It's a little funny reading the MSE guide on it, as he is never a fan, but now seems to be grudgingly admitting they pay a decent return better than savings.

I really wish I was brave enough to invest in cryptos and shares. I invested £20 in shares a while ago, and the ups and downs on a daily basis stressed me out.

That being said I have one share of MSCI World (whatever that is) and it has paid about 1% in dividends this year and is now at £6.80 (up £1.09).

I do just think had I took my redundancy pay and stuck it all in Tesla in January, I could have paid my mortgage off.

So some seem to pay some fairly decent dividends as well.
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Old 30-12-2020, 11:54   #79
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I paid for my Tesla from selling Tesla stock I bought last year.
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Old 30-12-2020, 18:56   #80
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Quote:
Originally Posted by jockosjungle View Post
It's looking like for the risk averse investor that premium bonds are the way to go if you've got enough to invest to ride out the wave of not winning at all. Pays about 1%.

It's a little funny reading the MSE guide on it, as he is never a fan, but now seems to be grudgingly admitting they pay a decent return better than savings.

I really wish I was brave enough to invest in cryptos and shares. I invested £20 in shares a while ago, and the ups and downs on a daily basis stressed me out.

That being said I have one share of MSCI World (whatever that is) and it has paid about 1% in dividends this year and is now at £6.80 (up £1.09).

I do just think had I took my redundancy pay and stuck it all in Tesla in January, I could have paid my mortgage off.

So some seem to pay some fairly decent dividends as well.
Savings rates do indeed suck! I've just upped my Premium Bonds investment from £10k to £20k so that it will be in time for the February draw.
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