Budgeting

[northernladuk]

So what 'safe' investment returns >= 3%?

The lady speaketh the truth. I guess I should have said less risky. Crowd funding appears to have a much 'safer' approach than shares for example but buggered if I know all options available.

[NickNick]

So what 'safe' investment returns >= 3%?

5 Year No Access ISA Tax Free Savings Account | Leeds Building Society

3.05% Tax-free for a cash ISA, fixed for five years.

[mudskipper]

5 Year No Access ISA Tax Free Savings Account | Leeds Building Society

3.05% Tax-free for a cash ISA, fixed for five years.

Interesting. 5 years is a long time - wonder what interest rates will do...

[Old Greg]

Hi all, when buying a property would you:
(a) chuck in most of your savings, get a lower rate and slash monthly payment a bit
(b) keep a bit for a rainy day

If I told you this is for a flat with a north-facing balcony and rooms that are not rectangular?

Tks.

Rectangles only have two dimensions, so you've done well on that front.

[lukemg]

Don't touch BTL and dont bother paying off your mortgage - ever, it only eats up all your IHT allowance later.
They go up and down of course but averaging 11.5%/annum currently across large range of investments built up over last 17 years.
Long-term (10years +), you should get 7-8%/annum for a full market tracker with re-invested divis although you have to hold your nerve when it drops 40%, if you can't and think you will sell, don't bother.

[DimPrawn]

I know a lot of people on interest only mortgage, equity all spent, with a 100 credit cards maxed out living the high life new cars, top hotels, best holidays every year.

They have lots of life insurance and pray they die young and happy.

[Churchill]

Rectangles only have two dimensions, so you've done well on that front.

Not if it's mapped on a sphere.

Hth.

[Old Greg]

Not if it's mapped on a sphere.

Hth.

Well that's beyond my AO level maths. Isn't that just two dimensions mapped onto a sphere or is it three dimensions? If the latter, does that mean that a cube mapped onto a hypersphere is four dimensional? And is that good or bad for a BTL?