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Re: Safe Investment Options

From nospam@please.invalid (AnthonyL)
Newsgroups uk.finance
Subject Re: Safe Investment Options
Date 2020-08-20 12:32 +0000
Organization A noiseless patient Spider
Message-ID <5f3e6b43.14427062@news.eternal-september.org> (permalink)
References <rhgknl$s53$1@dont-email.me> <5f3d2050.15320812@news.eternal-september.org> <rhjmp6$lc2$1@dont-email.me>

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On Wed, 19 Aug 2020 18:16:22 +0100, thescullster <Phil@nospam.com>
wrote:

>On 19/08/2020 13:56, AnthonyL wrote:
>> On Tue, 18 Aug 2020 14:23:01 +0100, thescullster <Phil@nospam.com>
>> wrote:
>> 
>>> Hi all
>>>
>>> If you were going to hand over £50k as an inheritance payout to an
>>> adult, where would you suggest they put it?
>>>
>>> Not interested in high risk.
>>> Probably wouldn't want it locked away for long periods (1 or 3 years may
>>> be an option).
>>> Concerns about Internet security and fraud, but also vulnerable to covid
>>> so less inclined to go to bank in person.
>>>
>>> Ideas anyone (other than under the matress or in your pocket that is)
>>>
>> 
>> By safe then I presume you are not wanting to invest but rather to
>> save, in which case have a look at:
>> 
>> https://www.hl.co.uk/investment-services/active-savings/latest-rates-and-products
>> 
>> There are a range of withdraw immediately to up to 3 year fixed terms.
>> 
>> The produces are FSCS covered up to the statutory £85k.
>> 
>> When logging into Hargreaves if you have any Active Savings you can
>> only proceed by entering the code that will be sent to your mobile.
>> 
>> Monies can only be transferred to your nominated bank account.
>> 
>> 
>> 
>
>Thanks Anthony
>
>That looks like an interesting option - do you use it HL yourself?
>

I am a HL customer from several years back though they are no longer
my primary investment platform, and if you were looking at investing
into funds then they would not be the top of my list simply because at
0.45% platform charges there are better deals.  

But I have extensively used their Active Savings as it is very
convenient, easy and as a product matures it is quite effortless to
either withdraw the funds or move into another product.  So I have
some in the "no notice" savings, some in the 3 and 6 month options.
I've not put any into saving longer than that because for further
ahead I'd rather put my money into an investment, but then I've been
doing that for 20+ years so I'm comfortable with the associated risks.




-- 
AnthonyL

Why ever wait to finish a job before starting the next?

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Thread

Safe Investment Options thescullster <Phil@nospam.com> - 2020-08-18 14:23 +0100
  Re: Safe Investment Options nospam@please.invalid (AnthonyL) - 2020-08-19 12:56 +0000
    Re: Safe Investment Options thescullster <Phil@nospam.com> - 2020-08-19 18:16 +0100
      Re: Safe Investment Options nospam@please.invalid (AnthonyL) - 2020-08-20 12:32 +0000
    Re: Safe Investment Options thescullster <Phil@nospam.com> - 2020-08-19 18:25 +0100
      Re: Safe Investment Options nospam@please.invalid (AnthonyL) - 2020-08-20 12:26 +0000
  Re: Safe Investment Options Chris Green <cl@isbd.net> - 2020-08-19 15:28 +0100
    Re: Safe Investment Options thescullster <Phil@nospam.com> - 2020-08-19 18:20 +0100
      Re: Safe Investment Options Norman Wells <hex@unseen.ac.am> - 2020-08-19 18:26 +0100
      Re: Safe Investment Options Chris Green <cl@isbd.net> - 2020-08-19 20:38 +0100

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