How's your luck with Premium Bonds?

[Murdochcat]

Having some cash savings is part of a sensible portfolio. Whether it be in a cash isa or premium bonds or under the mattress

 

[motorbiking]

Until the recent changes to savings tax. Cash was a perfectly sensible strategy as part of a balanced portfolio. Unfortunately now it’s not.

 

[JohnD]

Provided, of course, you don't mind the value of your wealth being eroded by inflation.

 

[Mottie]

Some people that may have for instance, saved cash they’ve not declared, could be anything up to 45% better off in the first place and can afford for it to be eroded by inflation until it's spent on untraceable luxury items/furniture/gifts to family members/clothes/nights out/holidays/jewellery etc etc. Just sayin'.

 

[motorbiking]

Others may hold cash as a buffer for near term costs, so they aren't forced to liquidate their investments following a hiccup in the market.

Nobody wants to have their nest egg invested in say European development stocks only to find the market farts and they need to fund a private hospital procedure because they don't want to wait 2 years for the NHS. Or a new roof with a hole it, or a new car etc.

If you don't have access to cash, because everything is tied up in investments, you may be forced to sell at a bad time.

 

[blup]

If you don't have access to cash, because everything is tied up in investments, you may be forced to sell at a bad time.

Like an unexpected death?

 

[motorbiking]

Like an unexpected death?

probably not your bother in that case.

 

[blup]

But it’s of concern to the beneficiaries of your estate.

 

[Murdochcat]

 

[Burnerman]

£375 for us this morning
John

 

[Ihavenojob]

I got £75,

 

[Mottie]

I’d forgotten all about it!
Nuffink for us
Nuffink for our son
2 x £100 for the MiL.

 

[Murdochcat]

£25 me
£25 swmbo
£100 son
Zippo daughter

On a combined holding of about £65k

 

[Ihavenojob]

SWMBO £150, Little Princess £50, Little soldier £25, and as I said earlier, £75 for me.

 

[fillyboy]

Nowt.