Where to park some money for perhaps a year
Discussion
Behemoth said:
drainbrain said:
Cashplus. On its 4 year bonds. 7%. £1k-£250k.
I just had a look at this. 4 year lock in. Totally illiquid. No FSA protection. It wouldn't be my choice for 7% gross. P2P can get you much the same return but with a secondary market and a wide spread of risk (not the same as risk-free, of course).With all these supposed 'new' forms of 'lending/financing' it's always worth noting that none of them are new. They are the same old products that have always been available but now wrapped up in a fancy app and being sold via the world of trendy social media where they can reach a completely new audience.
The reality is that when you look at these products in the cold light of day and realise that you are risking the full amount of your cash to lend to a bunch of punters too daft, lazy or crap to get loans through conventional means and it's being done via an agent who offers you absolutely no influence or control then you start to see that the 7% being offered is a monumental piss take. The reality is that if you met the people on the other side of your money there is absolutely no way in hell you'd let them near your cash for a poxy 7% and no ability to monitor them and send bailiffs in to strip them out or thugs to collect.
I wouldn't ever consider any of these schemes to be remotely sane with any more than 5-10% of your liquid pot.
The FCA is going to be all over P2P and Mini Bonds just as soon as it's too late for them to achieve any good.
DA, as usual, speaks the truth. I share the cynicism on fintech business models - this article is particularly good at laying it out:
https://medium.com/bull-market/a-cynic-s-guide-to-...
https://medium.com/bull-market/a-cynic-s-guide-to-...
Yup, I'm 100% with both of you. It's not worth the risk.
I now avoid non-UK banks completely despite the government guarantee up to £75k. Eventually got my money back from UK government guarantee for the Iceland collapse but it took many months and what you get back is only your capital - there's no compensation for lost interest and delays.
Proceed with caution!
I now avoid non-UK banks completely despite the government guarantee up to £75k. Eventually got my money back from UK government guarantee for the Iceland collapse but it took many months and what you get back is only your capital - there's no compensation for lost interest and delays.
Proceed with caution!
I'm probably hugely old fashioned but I tend to work on the assumption that the market is pretty good at pricing risk. Given a nominal risk free rate of 25bp a 700bp yield, whether on debt or on equity, tells me all I need to know. Risky assets have their place but it isn't as a 100% allocation.
Okay. I have a Cashplus account. 4 in fact. But 7% isn't particularly attractive to a successful investor like me. Not when something like this is on offer:
http://www.futurepropertyauctions.co.uk/property_d...
(by the way I know this property/area very very well, - and the 'must sell by Friday' is nonsense)
So here's what we'll do. (For sportsmen only. Lovers of ferraris and an evening at the tables.)
I'm gonna have a bag of sand in it. £1k. returning me a princely £35 every six months and the k back in 2020.
If it goes coco I will not only post "I should have listened to people who know better". I will also give another £1k to a food bank.
If it does what it 'promises', any sportsmen who wish to join in will, BETWEEN them, add a grand PLUS £280 lost returns to the original grand of mine which I will anyway give to the food bank when it comes back. You must also individually make a post stating that "taking my (your) advice may be seriously damaging to your (the advice-taker's) wealth".
So, gentlemen. Do you have faith in your negativity? It might cost you a grand+. Of course if you have faith in EACH OTHER's negativity then you will share that loss with anyone who joins in.
MAX 'Mr Dooms' allowed= 100. (surprised if it reaches 10)
Names below, please. At your earliest convenience of course, tho only first 100 get entry.
It MIGHT sway your opinion to know that I've used Cashplus for a few years now and actually quite like it. It certainly continues an improvement gradient from the punter's perspective. And I don't think I'm untypical, tho' obviously as its got quite a few users it's bound to have some who disagree with my positive review.
http://www.futurepropertyauctions.co.uk/property_d...
(by the way I know this property/area very very well, - and the 'must sell by Friday' is nonsense)
So here's what we'll do. (For sportsmen only. Lovers of ferraris and an evening at the tables.)
I'm gonna have a bag of sand in it. £1k. returning me a princely £35 every six months and the k back in 2020.
If it goes coco I will not only post "I should have listened to people who know better". I will also give another £1k to a food bank.
If it does what it 'promises', any sportsmen who wish to join in will, BETWEEN them, add a grand PLUS £280 lost returns to the original grand of mine which I will anyway give to the food bank when it comes back. You must also individually make a post stating that "taking my (your) advice may be seriously damaging to your (the advice-taker's) wealth".
So, gentlemen. Do you have faith in your negativity? It might cost you a grand+. Of course if you have faith in EACH OTHER's negativity then you will share that loss with anyone who joins in.
MAX 'Mr Dooms' allowed= 100. (surprised if it reaches 10)
Names below, please. At your earliest convenience of course, tho only first 100 get entry.
It MIGHT sway your opinion to know that I've used Cashplus for a few years now and actually quite like it. It certainly continues an improvement gradient from the punter's perspective. And I don't think I'm untypical, tho' obviously as its got quite a few users it's bound to have some who disagree with my positive review.
Edited by drainbrain on Saturday 5th November 11:43
This is going to sound like a boast post, but given the current level of my marginal tax rate I'm not really interested in anything that I can't do in some kind of tax advantaged wrapper (pension, ISA), no matter what the gross asset yield.
Plus I don't want to take drainbrain credit risk!
Plus I don't want to take drainbrain credit risk!
drainbrain said:
Okay. I have a Cashplus account. 4 in fact. But 7% isn't particularly attractive to a successful investor like me. Not when something like this is on offer:
http://www.futurepropertyauctions.co.uk/property_d...
(by the way I know this property/area very very well, - and the 'must sell by Friday' is nonsense)
So here's what we'll do. (For sportsmen only. Lovers of ferraris and an evening at the tables.)
I'm gonna have a bag of sand in it. £1k. returning me a princely £35 every six months and the k back in 2020.
If it goes coco I will not only post "I should have listened to people who know better". I will also give another £1k to a food bank.
If it does what it 'promises', any sportsmen who wish to join in will, BETWEEN them, add a grand PLUS £280 lost returns to the original grand of mine which I will anyway give to the food bank when it comes back. You must also individually make a post stating that "taking my (your) advice may be seriously damaging to your (the advice-taker's) wealth".
So, gentlemen. Do you have faith in your negativity? It might cost you a grand+. Of course if you have faith in EACH OTHER's negativity then you will share that loss with anyone who joins in.
MAX 'Mr Dooms' allowed= 100. (surprised if it reaches 10)
Names below, please. At your earliest convenience of course, tho only first 100 get entry.
It MIGHT sway your opinion to know that I've used Cashplus for a few years now and actually quite like it. It certainly continues an improvement gradient from the punter's perspective. And I don't think I'm untypical, tho' obviously as its got quite a few users it's bound to have some who disagree with my positive review.
Your big chip stops you from understanding matters yet again. No one was saying avoid. Try reading my initial response. The clue lies in putting your massive personal issue to one side and actually reading what was written. http://www.futurepropertyauctions.co.uk/property_d...
(by the way I know this property/area very very well, - and the 'must sell by Friday' is nonsense)
So here's what we'll do. (For sportsmen only. Lovers of ferraris and an evening at the tables.)
I'm gonna have a bag of sand in it. £1k. returning me a princely £35 every six months and the k back in 2020.
If it goes coco I will not only post "I should have listened to people who know better". I will also give another £1k to a food bank.
If it does what it 'promises', any sportsmen who wish to join in will, BETWEEN them, add a grand PLUS £280 lost returns to the original grand of mine which I will anyway give to the food bank when it comes back. You must also individually make a post stating that "taking my (your) advice may be seriously damaging to your (the advice-taker's) wealth".
So, gentlemen. Do you have faith in your negativity? It might cost you a grand+. Of course if you have faith in EACH OTHER's negativity then you will share that loss with anyone who joins in.
MAX 'Mr Dooms' allowed= 100. (surprised if it reaches 10)
Names below, please. At your earliest convenience of course, tho only first 100 get entry.
It MIGHT sway your opinion to know that I've used Cashplus for a few years now and actually quite like it. It certainly continues an improvement gradient from the punter's perspective. And I don't think I'm untypical, tho' obviously as its got quite a few users it's bound to have some who disagree with my positive review.
Edited by drainbrain on Saturday 5th November 11:43
. You'll then realise that yet again you are actually doing exactly what I suggested but that chip of yours makes you want to argue anyway. You could also re-read your initial post and maybe you'll see that you appeared to be implying to smack everything in to a 4 year scheme that has little backing and risks 100% of capital.
Edited by DonkeyApple on Saturday 5th November 14:27
DonkeyApple said:
Your big chip stops you from understanding matters yet again. No one was saying avoid. Try reading my initial response. The clue lies in putting your massive personal issue to one side and actually reading what was written. . You'll then realise that yet again you are actually doing exactly what I suggested but that chip of yours makes you want to argue anyway.
You could also re-read your initial post and maybe you'll see that you appeared to be implying to smack everything in to a 4 year scheme that has little backing and risks 100% of capital.
Some things don't change!. You'll then realise that yet again you are actually doing exactly what I suggested but that chip of yours makes you want to argue anyway. You could also re-read your initial post and maybe you'll see that you appeared to be implying to smack everything in to a 4 year scheme that has little backing and risks 100% of capital.
Simpo Two said:
I bought a chunk of RDS shares earlier in the year. My ex-IFA thought I was mad. 'It's not about making a quick buck, it's more about not losing one' he said. They pay 6-7% dividend and - added bonus - I don't have to pay him £400pcm. Find me a bank that pays 6-7% interest.
Find me a share that's guaranteed not to go down in value at any point in the future..!!Edited by sidicks on Saturday 5th November 17:10
NickCQ said:
But more seriously, I'm sure it will be fine…….!
Me too, Nick, me too. And, so far, everyone else who was 'throwing a bit of shade' at the thing as well including Mr Grumpy who seems to have mixed up 'air of negativity' with 'advice to avoid'. Pity for the charity's sake 'tho, and for the sake of a bit of Saturday fun. Not as safe a bet as Celtic to win the SPL or Leicester to NOT win the CL, but certainly not one I'd bet against.
However, do excuse me. I must dash. Need to get some salt to stick on this giant chip I'm dying to eat with some grilled sole and a chilled glass of 2011 Hawkes Bay Chardonnay which the doctor's prescribed to alleviate my tendency to become overwrought and argumentative not to mention plain combative on internet sites. Some say it's the chip. So the sooner I eat the fekker the better!
sidicks said:
DonkeyApple said:
Your big chip stops you from understanding matters yet again. No one was saying avoid. Try reading my initial response. The clue lies in putting your massive personal issue to one side and actually reading what was written. . You'll then realise that yet again you are actually doing exactly what I suggested but that chip of yours makes you want to argue anyway.
You could also re-read your initial post and maybe you'll see that you appeared to be implying to smack everything in to a 4 year scheme that has little backing and risks 100% of capital.
Some things don't change!. You'll then realise that yet again you are actually doing exactly what I suggested but that chip of yours makes you want to argue anyway. You could also re-read your initial post and maybe you'll see that you appeared to be implying to smack everything in to a 4 year scheme that has little backing and risks 100% of capital.
I take it that wasn't what sidekicks comment was meaning, though it couldn't be better positioned.
Can I suggest that you'd come across as far more impressive know-alls if instead of trying to be rude to me you advised the OP on where he might realistically do better than the 0.75% he seems to be heading towards.
But that would require a tiny bit of genuine insight, so I won't hold my breath.
drainbrain said:
37,000 (THIRTY SEVEN THOUSAND!!!!) posts between you and yet the big play in the grumpy (and, in analysis, flawed) riposte to what was anyway a bit of fun is still a classic example of the tired old ad hominem…..
I take it that wasn't what sidekicks comment was meaning, though it couldn't be better positioned.
Given you can't even spell my name correctly and you repeatedly demonstrate a lack of knowledge about financial products, I'm not sure what value you think you add? Maybe just stick to the BTL threads, where at least you do have decent experience?I take it that wasn't what sidekicks comment was meaning, though it couldn't be better positioned.
drainbrain said:
Can I suggest that you'd come across as far more impressive know-alls if instead of trying to be rude to me you advised the OP on where he might realistically do better than the 0.75% he seems to be heading towards.
But that would require a tiny bit of genuine insight, so I won't hold my breath.
The OP wants access to his money at short notice and doesn't want to risk the capital value of his investment. His credible options have already been discussed, and investing in property, equities or 4-year capital at risk products are not amongst them.But that would require a tiny bit of genuine insight, so I won't hold my breath.
HTH
Edited by sidicks on Saturday 5th November 17:07
drainbrain said:
sidicks said:
DonkeyApple said:
Your big chip stops you from understanding matters yet again. No one was saying avoid. Try reading my initial response. The clue lies in putting your massive personal issue to one side and actually reading what was written. . You'll then realise that yet again you are actually doing exactly what I suggested but that chip of yours makes you want to argue anyway.
You could also re-read your initial post and maybe you'll see that you appeared to be implying to smack everything in to a 4 year scheme that has little backing and risks 100% of capital.
Some things don't change!. You'll then realise that yet again you are actually doing exactly what I suggested but that chip of yours makes you want to argue anyway. You could also re-read your initial post and maybe you'll see that you appeared to be implying to smack everything in to a 4 year scheme that has little backing and risks 100% of capital.
I take it that wasn't what sidekicks comment was meaning, though it couldn't be better positioned.
Can I suggest that you'd come across as far more impressive know-alls if instead of trying to be rude to me you advised the OP on where he might realistically do better than the 0.75% he seems to be heading towards.
But that would require a tiny bit of genuine insight, so I won't hold my breath.
The reality is that you have a deep seated personal issue with the industry and on top of that a massive insecurity issue which constantly sees you trying to pick arguments with particular people even when you are in full agreement with you.
You've been doing this for a decade. Why not actually pay for proper professional help?
DonkeyApple said:
Er Groak, the only person being rude or a spanner is you when you keep picking arguments when are are actually in full agreement. Have you thought about posting just when sober or not angry at a bloke at RBS and thinking arguing black is white on PH will undo your personal experiences in life?
The reality is that you have a deep seated personal issue with the industry and on top of that a massive insecurity issue which constantly sees you trying to pick arguments with particular people even when you are in full agreement with you.
You've been doing this for a decade. Why not actually pay for proper professional help?
For a 'successful investor' like him it shouldn't be a problem and would be money well spent!!The reality is that you have a deep seated personal issue with the industry and on top of that a massive insecurity issue which constantly sees you trying to pick arguments with particular people even when you are in full agreement with you.
You've been doing this for a decade. Why not actually pay for proper professional help?
What's that pantomime with the Ugly Sisters called again?
Only kidding. I KNOW you two need a bit of reassurance that your, erm, 'expertise' is respected and appreciated. And it's not really fair to make fun of you when you've really worked hard to make this your internet 'home'. But…..where, oh where is that helpful insightful answer to the OP's subject title question?
Lots of wind and pish (not to mention an apparently new know-all capability in psychoanalysis emerging) but no juicy suggestion. Why not? Isn't being relevant one of the rules?
I mean, imaginatively (ooooh matron!! This is risk you're talking about and you've been TOLD you know nothing about it!!) if we've all decided that that boring Cashplus 7% is in fact pretty sure to be ok, an investor could take part of an investment along with a friend who could buy him out after a year, couldn't he?
But 0.75%? Come on…..spill the secret way to get 1%. Maybe 2%.
Oh Sidekick, sidekick! The Cashplus thing was raised in answer to someone asking how6-7% could be got via a bank. Now TECHNICALLY you could say Cashplus isn't a bank at all etc etc BUT the whole thing is a side issue within the original issue. So calm down. Deep breaths. No-one's arguing about anything, despite what Mr Donkey says. Back to the relevant question…….where's the money to go??
Only kidding. I KNOW you two need a bit of reassurance that your, erm, 'expertise' is respected and appreciated. And it's not really fair to make fun of you when you've really worked hard to make this your internet 'home'. But…..where, oh where is that helpful insightful answer to the OP's subject title question?
Lots of wind and pish (not to mention an apparently new know-all capability in psychoanalysis emerging) but no juicy suggestion. Why not? Isn't being relevant one of the rules?
I mean, imaginatively (ooooh matron!! This is risk you're talking about and you've been TOLD you know nothing about it!!) if we've all decided that that boring Cashplus 7% is in fact pretty sure to be ok, an investor could take part of an investment along with a friend who could buy him out after a year, couldn't he?
But 0.75%? Come on…..spill the secret way to get 1%. Maybe 2%.
Oh Sidekick, sidekick! The Cashplus thing was raised in answer to someone asking how6-7% could be got via a bank. Now TECHNICALLY you could say Cashplus isn't a bank at all etc etc BUT the whole thing is a side issue within the original issue. So calm down. Deep breaths. No-one's arguing about anything, despite what Mr Donkey says. Back to the relevant question…….where's the money to go??
drainbrain said:
What's that pantomime with the Ugly Sisters called again?
Only kidding. I KNOW you two need a bit of reassurance that your, erm, 'expertise' is respected and appreciated. And it's not really fair to make fun of you when you've really worked hard to make this your internet 'home'. But…..where, oh where is that helpful insightful answer to the OP's subject title question?
Lots of wind and pish (not to mention an apparently new know-all capability in psychoanalysis emerging) but no juicy suggestion. Why not? Isn't being relevant one of the rules?
I mean, imaginatively (ooooh matron!! This is risk you're talking about and you've been TOLD you know nothing about it!!) if we've all decided that that boring Cashplus 7% is in fact pretty sure to be ok, an investor could take part of an investment along with a friend who could buy him out after a year, couldn't he?
But 0.75%? Come on…..spill the secret way to get 1%. Maybe 2%.
Oh Sidekick, sidekick! The Cashplus thing was raised in answer to someone asking how6-7% could be got via a bank. Now TECHNICALLY you could say Cashplus isn't a bank at all etc etc BUT the whole thing is a side issue within the original issue. So calm down. Deep breaths. No-one's arguing about anything, despite what Mr Donkey says. Back to the relevant question…….where's the money to go??
The correct response (based on the information provided by the OP) was already posted by Ginge R in the second post of the thread.Only kidding. I KNOW you two need a bit of reassurance that your, erm, 'expertise' is respected and appreciated. And it's not really fair to make fun of you when you've really worked hard to make this your internet 'home'. But…..where, oh where is that helpful insightful answer to the OP's subject title question?
Lots of wind and pish (not to mention an apparently new know-all capability in psychoanalysis emerging) but no juicy suggestion. Why not? Isn't being relevant one of the rules?
I mean, imaginatively (ooooh matron!! This is risk you're talking about and you've been TOLD you know nothing about it!!) if we've all decided that that boring Cashplus 7% is in fact pretty sure to be ok, an investor could take part of an investment along with a friend who could buy him out after a year, couldn't he?
But 0.75%? Come on…..spill the secret way to get 1%. Maybe 2%.
Oh Sidekick, sidekick! The Cashplus thing was raised in answer to someone asking how6-7% could be got via a bank. Now TECHNICALLY you could say Cashplus isn't a bank at all etc etc BUT the whole thing is a side issue within the original issue. So calm down. Deep breaths. No-one's arguing about anything, despite what Mr Donkey says. Back to the relevant question…….where's the money to go??
HTH
Edited by sidicks on Saturday 5th November 18:07
So the combined and concurrent wisdom of PH finance forum is that there is no highly secure way to keep money safely and liquid for up to a year better than to park it where it'll grow at less than the predicted rate of inflation?
Well that's sad. (And puh-lease no insult-sprinkled diatribe on why it's secretly excellent and not sad and how I don't see that because of something I don't understand. That'll just make it sadder).
Well that's sad. (And puh-lease no insult-sprinkled diatribe on why it's secretly excellent and not sad and how I don't see that because of something I don't understand. That'll just make it sadder).
Edited by drainbrain on Saturday 5th November 18:27
Gassing Station | Finance | Top of Page | What's New | My Stuff