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Post by Ace on Jun 26, 2023 21:04:09 GMT
mogish I'm afraid I have no idea what this means " rl short term MM" but I'd most likely just be investing in fixed rate cash offerings from the banks. I think tomorrow I might pull some equities back into cash, I've talked myself into it! Another question for everyone on the topic, do you have a go to source for macro market analysis or do you just keep it simple and avoid the expert analysis! I assumed Royal London short term Money Market.
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mogish
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Post by mogish on Jun 27, 2023 10:00:01 GMT
Indeed royal London short term money market. The reason for choosing this fund is that I too have ditched some poor performance equity and moved to cash.
Its also in my sipp so cant withdraw.
But yes, some fixed term accounts are offering similar rates. Great out with an isa or sipp.
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Post by mostlywrong on Jun 27, 2023 10:04:06 GMT
mogish I'm afraid I have no idea what this means "rl short term MM" but I'd most likely just be investing in fixed rate cash offerings from the banks. I think tomorrow I might pull some equities back into cash, I've talked myself into it! Another question for everyone on the topic, do you have a go to source for macro market analysis or do you just keep it simple and avoid the expert analysis! The problem is that everyone has an opinion and they like to tell you...
Those who actually understand what is going on are not going to flog their wares on a free website. They will be employed, for largish sums, in small teams in the City.
The likes of Odey Mgmt spring to mind if only for the wrong reasons! The hedgies are making huge bets and going for IRR of more than 20% pa.
That leaves the wannabes, the criminals and downright insane who appear to inhabit most of the freebie websites.
And I don't think I would understand macro market analysis even if it jumped out and bit me!!!
So, yes, I keep it simple, read widely and spend time thinking about what is happening, and what might happen, rather than listening to the shouty people telling me what to think. Does that work for me? Yes, it has to. I do not have the mental bandwidth, or the money, to do otherwise.
I keep it simple.
\Irony mode off. 
MW
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mogish
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Post by mogish on Jun 27, 2023 11:46:20 GMT
Everyone has their own needs, targets and future plans as well as attitude to risk.
Keeping cash at 5% may be good for some, others may take a riskier attitude to make potentially higher gains.
Forums are a place to gather opinions and take from it what you want.
I admit I spent a bit time during covid in citywire, made some bad choices and am still paying the price. CGar springs to mind.
Others probably got burned badly with P2P in years gone by.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Jun 27, 2023 19:00:44 GMT
Everyone has their own needs, targets and future plans as well as attitude to risk. Keeping cash at 5% may be good for some, others may take a riskier attitude to make potentially higher gains. Forums are a place to gather opinions and take from it what you want. I admit I spent a bit time during covid in citywire, made some bad choices and am still paying the price. CGar springs to mind. Others probably got burned badly with P2P in years gone by. No "probably" about it, almost everyone from the earlier days got burned, no matter how astute/careful you were. You can't allow for the downright lies and fraud which was totally aided and abetted by various "Agencies". We were mostly experienced Investors and expected and thought that the FCA at least would "do what they say on the tin", you know, the absolute, most basic vetting etc. We now unfortunately know only too well how grossly incompetent the clowns are, especially under The Chief Clown, Failey Bailey. To be fair, I believe many/most of the staff at the coalface are "good", it is, as usual, Upper and Top Executive Management who are beyond shite.
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mogish
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Post by mogish on Jun 28, 2023 8:48:35 GMT
Bailey hasnt improved really has he.
The 2 p2p investments I have left are ok but with rising protected bank accounts, I may return to the old way of saving!
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cb25
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Post by cb25 on Jun 29, 2023 9:34:46 GMT
As a result of the press coverage last week, I looked at Gilts over the weekend.
Top of the list was TY25 - a Treasury which yields 3.5% and matures (£100) in Oct 25.
Its dirty price is £96.41 which includes the interest that has accrued.
Sharepad reckons its yield to redemption is 5.48% pa.
Better than cash. The risk to both is inflation.
MW
Is it better than cash though? Two-and-a-bit years to run at 5.48% yield, versus 5.76% interest currently on offer in a two year fixed cash account. Disclosure: I've never owned Gilts or even really looked at them, but just happened to have read an article about them ( Telegraph, paywall may apply) and found this thread after quick search of the site. The claim in the article is that gains on Gilts are free of CGT. If that's so, isn't the comparison 5.48% tax free vs 5.76% taxable (if people make sufficient interest to pay tax)?
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mrdc
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Post by mrdc on Jun 29, 2023 9:48:08 GMT
The coupon is taxable but the principal appreciation is not.
So if held outside tax wrapper it might be best to select low coupon gilts and receive most of the returns in capital gains
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