Wind Turbines

[Hutch]

I can't believe that anyone with that level of disposable income is putting it all into cash savings anyway - a Stocks & Shares ISA is a much better place

I have a substantial amount in cash ISA's, I moved from stocks and shares savings but due to COVID,,we lost over £ 20 k in a month, pulled our savings out and put it into a couple of cash ISA's between myself and Mrs H. A horrible low interest rate but at least we are not loosing our savings.
Don't get caught out.

 

[otherclive]

I have a substantial amount in cash ISA's, I moved from stocks and shares savings but due to COVID,,we lost over £ 20 k in a month, pulled our savings out and put it into a couple of cash ISA's between myself and Mrs H. A horrible low interest rate but at least we are not loosing our savings.
Don't get caught out.

We bought at the low in 2008 finance crash and they dipped quite a bit during covid, but unless the money was needed I would not withdraw in a falling market. They have more than regained since then at a good growth.

 

[RogerL]

I have a substantial amount in cash ISA's, I moved from stocks and shares savings but due to COVID,,we lost over £ 20 k in a month, pulled our savings out and put it into a couple of cash ISA's between myself and Mrs H. A horrible low interest rate but at least we are not loosing our savings.
Don't get caught out.

Sorry to have to tell you this - but when your Stocks & Shares ISAs dropped significantly during Covid, as they all did, then that was totally the wrong time to switch to cash as you just fixed your big loss with no way of recovering it - ours have now doubled in value since the lows during Covid.

Nominally, we lost £27,000 between Jan 2020 and Mar 2020 but it had regained it all by Nov 2020 - similarly we lost £29,000 in 3 months when Trump got his 2nd presidency but regained it all in the 2 months after that - we're expecting another big drop after this weekend's politics but it's bound to recover.

Don't panic Mr Mainwaring !

 

[GUMPY]

I'll stick with our cash ISAs at 4+%
Having said that they all mature during this year so will have to reinvest to keep them out of the tax man's hands. As well as invest in another after 5/4/26

 

[RogerL]

I'll stick with our cash ISAs at 4+%
Having said that they all mature during this year so will have to reinvest to keep them out of the tax man's hands. As well as invest in another after 5/4/26

Each to their own - I'll stick with stocks & shares ISAs at 15% long term and 20% last 12 months - never have to even think about tax - although we do have a small chunk in non-ISA cash savings for rainy days and unexpected bills.

 

[Oscarmax]

Our 4.4kWh system over the past 12 months has exported about 3600 kWh, approximately £550, we have imported about 2600 kWh we have a solar battery which does not export back to the grid, this includes charging up the PHEV. So we over that 120% figure ?

Interest on our savings (excluding ISA) about £260/270 so well within the £1,000 limit.