100 savings accounts used to offer above inflation interest??
I put some of my savings into vanguard portfolios. If you want a return on your savings, its best to invest there.
I’m up 63% over 2.5 years with a variety of investment trusts. Pacific horizon ftw, up 120%.
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Maybe they want all the profits for themselves? But banks don’t do that, do they?
If you want your money to grow, do not leave it rotting in a bank account. Not even a “savings” account. Bank accounts are for day to day spending and a liquid source of emergency funds. Savings should be in an investment portfolio
Famous investor Ray Dalio has a saying: “cash is trash”.
I sold Irish Life products in the ’80s with 18%, there were lots in the 15-17 range, even Post Office Savings gave 13%.
It all went downhill when the banks made more money by selling credit….you can blame, amongst others, “your flexible friend”.
I am in a limbo where I am so close for a house deposit and cannot take any risk of investment, but at the same time I am still passively losing money due to house price always goes up just a bit more than I can save, on top of inflation. This is just so depressing.
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100 savings accounts used to offer above inflation interest??
I put some of my savings into vanguard portfolios. If you want a return on your savings, its best to invest there.
I’m up 63% over 2.5 years with a variety of investment trusts. Pacific horizon ftw, up 120%.
[removed]
Maybe they want all the profits for themselves? But banks don’t do that, do they?
If you want your money to grow, do not leave it rotting in a bank account. Not even a “savings” account. Bank accounts are for day to day spending and a liquid source of emergency funds. Savings should be in an investment portfolio
Famous investor Ray Dalio has a saying: “cash is trash”.
I sold Irish Life products in the ’80s with 18%, there were lots in the 15-17 range, even Post Office Savings gave 13%.
It all went downhill when the banks made more money by selling credit….you can blame, amongst others, “your flexible friend”.
I am in a limbo where I am so close for a house deposit and cannot take any risk of investment, but at the same time I am still passively losing money due to house price always goes up just a bit more than I can save, on top of inflation. This is just so depressing.