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  • Property-a-holics

    Savings - how to get a return

    Hi all,

    I’m currently in the process of saving for my next investment. Likely to be late next year. What would people recommend putting my savings in to get a good return and help them grow faster? 

    Thank

    Phill
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    First decide whether you want savings or an investment for the funds - with savings the capital per se is g'teed but value thereof may erode somewhat with inflation - but obvs a tiny amount over next 15 months. You can get around 1% on an internet based deposit account - so if inflation is at say 2% pa you lose 1% pa in real terms.

    Any investment per se carries an element of risk for the capital ie value may fall - it is often said that one should only "invest" an amount one can afford to lose.

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    Good work on getting your plans in place. My view as per the war chest thread is that I am not prepared to lose money.

    As such to beat the erosion by inflation I feel I have to invest - but on a similar timeline to you the investment needs to be relatively liquid and not too volatile (I wouldn’t consider equities for an investment period less than 3 years)

    Be keen to hear what you decide on!
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    Thanks for the replies. 

    For now I have put my money into a savings account, low interest but it’s better than no interest at all. I am also looking at Kuflink. Recommended by the property geek on his weekly newsletter email. Being able to choose which property investment to invest in interested me and it’s relatively short time periods. Also get a decent sign up bonus.
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    There's a related discussion here:

    Alternative investments to property?

    Precious metals might be worth considering as they are always a safe bet in turbulent times and we surely have those?!

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