[quote=“dancarter”]If you don’t understand the stock market steer well clear dunph. Lost a fair few quid myself on bank shares, and lost a lot of paper profit in some other stock I really should have known to sell it of. Wouldn’t be worried about keepin it in cash at the moment though.
What’s your long term plan farmer, I have a bit of cash as well but deposit rates are shit and over any reasonable period of time inflation will eat into your cash.
Was researching drip feeding the cash into some managed renewable energy funds as that is the only sector I am sure will grow into the future[/QUOTE]
I have no plan dan. I was just aware that I had cash doing nothing and just wanted to sort it out. I have no interest in buying a gaff until I really have to and, like I said, I don’t have enough knowledge of the stock market to invest properly there.
I sorted out regular savings as well from my account. Ulster Bank pay 4.75% with no conditions, BOI the fooks pay around that up to a limit of 5k of savings and then it clears down to 1.75%. Nasty. Also you are limited to four withdrawals from it a year before you incur a penalty.