With savings rates now at the highest level in 14 years, should we be focusing on cash savings instead of risking our money in the stock market?
Buy Huel using this link: https://my.huel.com/damientalksmoneyaug23
The brokers I use:
InvestEngine
https://investengine.pxf.io/eKR40z
Get a £25 bonus when you invest at least £100
Trading 212
https://trading212.com/promocodes/DAMIEN
If you do not get your free share after depositing £1. Use promo code DAMIEN, you will find it in the section with the three lines in the bottom right corner of the app.
Vanguard
https://www.vanguardinvestor.co.uk/
This is not an affiliate link
Links from this video:
Ramin’s video: https://www.youtube.com/watch?v=hnFnm-HPjGw&t=627s
The MM fund I currently buy: https://www.ishares.com/uk/individual/en/products/258120/ishares-ultrashort-bond-ucits-etf
Best Savings accounts:
https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/
Research materials:
https://www.morningstar.com/personal-finance/cash-is-no-longer-trash-opportunity-cost-might-be-greater-than-you-thin
https://moneyweek.com/personal-finance/605476/saving-v-investing#:~:text=As%20interest%20rates%20rise%2C%20savers,of%20keeping%20up%20with%20inflation.
https://www.morningstar.com/personal-finance/cash-is-no-longer-trash-opportunity-cost-might-be-greater-than-you-think
https://www.schroders.com/en-gb/uk/institutional/insights/uk-shares-the-70-shot-at-beating-cash/
Timestamps:
00:00 – Jim
00:32 – 94 years
01:32 – Huel
02:54 – The chance cash wins.
06:15 – Inflation
08:25 – MM fund
10:25 – Savings account