Should You Save or Invest in 2024?

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[AnxiousGas]

The thing is that nowadays, most of us don’t make enough to be able to save or invest for retirement.

[DomS]

I’m personally going to go 60:40 investments to cash savings. The 5% I get on my cash is a good guarantee whilst I still want most of my money going to investments. Got my emergency fund sorted already.

[Abdul_Rahman]

Personally I will always choose equities over cash. I invest £700 monthly into a sipp. I can’t access it for 25years. I’d rather ride the volatility of the market.

[ImJustSoOriginal]

Hi Chris - how do you feel about Gvt treasury bonds now offered on FreeTrade? I believe they’re currently at around 5.15%. Let me know! 😊

[stephenrourke]

Great videos Chris 😊

If you were in the fortunate position of not having to pay any income tax, say working abroad or offshore or for example - what would be the best place to invest your money?

[simonebruschi]

T212 gives you 5% while your cash waits to be invested into S&S

[davidg]

Thanks for the video! - can i just ask what software you use to make videos? How do you make your image move around the screen like that? Thanks!

[PTRK]

I believe Nationwide still have their 8% interest savings account in the UK. It has a cap of £200 per month deposit but could be useful for some people in a similar position as myself who is just out of university and building up their initial savings

[chrisl]

Great Video. I've been looking into this a lot as of late and always have some questions. I wonder if its a video idea potentially to answer some of those questions?

Things I often hear but don't hear clear answers are things like Compound Interest. But if ISA has a cap, can you still benefit from compound interest, Or does the investment stay at 20k for example and the interest falls out elsewhere?
If not in an ISA, at what point is it taxable, is it only when you sell and "realise" the gain at that point?
Capital Gains tax as I understand it is around 12K so there could be benefits (if you need to sell shares) to withdraw in stages over years to avoid tax (or maybe you always pay tax regardless).

For a new potential investor its things like this that I'm still searching for answers to as even though the risk seems lower over longer term 10-20 years. I'm concerned how much any potential gains could be eroded by taxation, fund fee's etc.

I'll be following to watch your journey more :)

[tomnethercott]

I save £900 per month but I would like to save more as hoping to get to the first 100k as soon as possible so that the power of compounding can start taking effect!

[TheNicoliyah]

I locked in a one year savings account at 5.65 % and am feeling pretty good about myself right now😊

[ryanhairsine]

Thoughts on PayPal Chris is it starting to wake up

[coolsiwales]

I am in the same boat, I will have 200k to invest soonI have all ready Max my isa out in november, so that is up a nice bit(lump sum)..now thinking, do i wait for a dip or ...just slow and steady dip feed it so.Fellow Wrexham guy? 😮

[stuartbutler]

Cash in a bank account could go if the bank in question activates its bail-in policy 😬

[kanefisher]

I just invest in a index fund every month 500 pounds S&P 500 😊

[almac]

Hi Chris, the data shows a lump sum investment into an ISA offers a better return than monthly contributions historically speaking .

[easytoassemble]

People keep saying "the aim is to beat inflation". But what offerings - savings or investments - are beating current rates? You'd have to look quite hard to find any. Cash still looks to be competitive into 2024, so I'll be sticking with that for this year. I'm eyeing up the FTSE 100, as it seems to be sleeping right now, but I'm sure it's due for a resurgence.

[James-zuij]

Im 62 and putting £400/m in to my nest pension, and changed to the Sharia fund (worth £20000ish i started very late). I also have £85000 in savings tied up for a year at 4.7 - 5.53%. Do you think 1. The Sharia fund is a good idea and 2. should Lump maximally into my NEST and the then the remainder into ISA's when the savings mature?
Im very new to all this.

[emojidog]

Plum saving seems good from your video but can anyone else confirm that it is safe and a good app? Thanks

[Casualclips]

whats the difference between VEVE and VWRL?