I thought I would start a
thread for investing here as Paul’s
podcast that actually spurred me to look for alternatives a few years ago.
Interest rates at the bank are almost universally nothing now and while your money might be relatively safe there for now you will be losing money to inflation. Not to mention you tend to be ‘feeding the monster’ as they can invest in ‘morally dubious’ investments.
Obviously the posts here are my experiences and I am not a financial advisor so use your brain. Keep some money for a rainy day, invest in plants,
trees etc first and once you have more money you can consider these ideas:
Bullion by Post
I have been buying some precious metals from this company and I have been rather impressed with their service to date. Despite them stating they are in high demand and there could be a delay the packages have been arriving extremely quickly usually the next day. They have a live spot price relative to the item you will by so you can take advantage of any falls in prices as soon as they occur and then they are locked at that price when you buy. Also you can
sell back to them with a relatively low commission however I have not used this to date.
With potential just now for negative inflation with a no deal Brexit or just inflation from current economic stimulus metals seem a good bet for preserving wealth.
I have a referral code for you to get a
free fine silver Britannia coin with your first order over £250. This is the same referral scheme that used when I placed my first order so I can assure you it works. When you place an order I will get a coin too and once you have an account you can set up your own referral system too.
Here is the code to enter at the checkout if you are interested:
SGY7 DQ6M
Or as a link:
www.bullionbypost.co.uk/accounts/login/?referral_code=SGY7DQ6M
