Holding on to your savings

[pmeswani]

No interest from banks, not yet time to invest in property or the stock market. It's difficult to know what to do.

I suggest the following

1/3 in Gold
1/3 in Swiss Francs
1/3 in Sterling/selected shares

I'm getting some interest on my savings and if I were in a job, I would put all my savings into paying off my debts. It's expensive for me at the moment. I need a new contract!!!!!

[DimPrawn]

I'm getting some interest on my savings and if I were in a job, I would put all my savings into paying off my debts. It's expensive for me at the moment. I need a new contract!!!!!

I'm sure you'll get one when the recession ends in 2 - 5 years time.

[Bagpuss]

I'm thinking high dividend yield shares in defensive stocks, Pharma, food, Utilities. Should give a greater income than savings anyway

[rootsnall]

I see your point.

So does that make shares a pretty good haven then, and probably a much better return than cash? Not that I have much money to chuck around.

I bought quite a few on the sub 4000 plunges and have been waiting for the next one to buy some more but there haven't been any !?!?!?!?

Are they a good haven at these prices ? Who knows !?