Should you save cash and accept low interest rates, or invest and take the risk that you could lose money? This is the perennial dilemma for those with some money to set aside, who are looking to build their wealth. And it’s not been made easier by a rollercoaster 20 years. Since the turn of the millennium, we’ve had three hefty stock market crashes, but we’ve also had the past decade of historically low interest rates. In response to paltry savings rates, more people have been encouraged to invest in shares for a better return, but the coronavirus crash has left the UK’s flagship stock market index, the FTSE 100, below its level on 31 December 1999, and burnt the fingers of many recent investors. So, is it worth investing, or should you just stick with the relative stability of cash? On this episode of the This is Money podcast, Simon Lambert, Lee Boyce and Georgie Frost look at our exclusive statistics on who is investing, who is bowing out of the market, and what the new generation of younger investors are doing. They also dive back into the question asked last week: how long do you need to invest for to avoid losing money? With some charts and data sent through to the team by Duncan Lamont, head of research and analytics at Schroders, they compare how putting money into either cash or the stockmarket fared over the past 150 years against inflation – and what the likelihood was of losing money over varying time periods. The team also look at what might happen next to house prices after the coronavirus lockdown put the property market into a deep freeze. Simon dives into the varying predictions of how much property prices could fall – and the bullish suggestion of one estate agent that it’ll all be fine. And finally, we discuss the businesses that we spoke to this week who are fighting veteran insurer Hiscox, because they believed they should be covered against coronavirus with policies that cite infectious or contagious disease… but it says they are not.
This is Money with Georgie Frost, editor Simon Lambert and Product and Knowledge editor Sarah Davidson. Autumn is here and with it an ill wind through the savings market. Why are things looking so bleak and are there any warm spots to be found out there? There’s a hurricane happening in politics, the team offer some tips on how to weather the Brexit storm…find out if we should really be stock piling food and take a look at how Labours Right to Buy plans would work for renters and buy-to-letters. Plus just how much better for the environment are electric vehicles? And don’t forget you can stay up to date with all the latest, breaking money news, just go to thisismoney.co.uk or download the app.
This is Money - in partnership with NS&I, with Georgie Frost, Editor Simon Lambert and News Editor Alex Sebastian. And on this week's episode: Woodford one month on. What went wrong for the UK's most high profile fund manager, what’s been the fallout, what could be the reputational damage to the whole fund industry and why we should all care?But it's ill wind and all that...so will and are lessons being learnt?
As we fast approach one fifth of the way through the 21st century, the world of finance is modernising in ways that would have been unimaginable a few years ago. And not always in a good way. The language of ‘savings’ has evolved to the point of dishonesty and even fraud. On this week’s podcast editor Simon Lambert and reporter George Nixon join host Georgie Frost to look at fancy new Innovative Finance Isas, at savings products that claim to offer 8% returns and to be protected by the official savings watchdog but are in fact risky investments – and the fraud investigation at London Capital and Finance, where thousands of ‘savers’ lost millions of pounds. Simon guides listeners through the dark side of mini bonds and the complex web of companies that savers’ money was poured into at LC and F before it collapsed owing £236m. The City watchdog supposedly overseeing the company is also now being investigated . On a cheerier note, George explains how teenagers are able to invest on the stock market and how easy it can be to get started, plus a couple of new free share dealing services, an old-fashioned holiday trap and whether insurance companies would pay out if your flash car crash is on video and on social media.
A will may be considered the expression of someone’s last wishes, but more of them are being challenged. High property prices and increasingly complicated families are being blamed for the rise in disputes, but would you challenge someone’s will? In this week’s podcast, Simon Lambert, Lee Boyce and Georgie Frost dive into why inheritance rows are more commonplace and how difficult it is to try to overturn a will. Also this week, alongside some money-saving tips for millennials a heated debate kicks off about buying flat whites vs saving for homes at a time when house prices are sky high compared to ages. Simon reveals his lessons from holding Lloyds shares all the way up, all the way down and then all the time that they have bumped along since the financial crisis. And we dig into the case of a car park prang that led to countless phone calls from ambulance chasers – and how this manages to happen.
Investing has proven to be the best way to beat inflation and grow your wealth over the long-term, but how do you get started? And if you do already invest but feel you’ve lost track of your goals or ended up with a jumble of investments, how can you improve things?
In this second edition of a two-part podcast special on saving and investing, Simon Lambert and Georgie Frost dive into how to be a smarter investor. They bust the jargon and look at why people should invest, how to get started, what investments you can choose and how to find the right ones for you. Simon discusses his experience of investing, what he got right along the way and importantly the things he got wrong. But why should you invest? Well, between 1900 and 2017 owning UK shares would have delivered an average return of 5.5 per cent, beating cash savings at 1 per cent and property at 1.8 per cent, according to the respected Credit Suisse Investment Yearbook. There’s no guarantee that history will be repeated, but companies should always have the ability to put money to productive use and reward investors with rising share prices off the back of their profits, dividend payouts, or interest on bonds.
It might not be on the top of your to-do list when you have a child, but investing and saving for them to build a tidy nest egg for when they reach adulthood is best done sooner rather than later. In the latest This is Money podcast, editor Simon Lambert, assistant editor (and new parent) Lee Boyce alongside host Georgie Frost look at the best ways to save for your children. We discuss investment options, Junior Isas, a pension and other ways, and why 'the hardest step is the first, but it is also the most powerful'. Lee has a target of a £50,000 pot to build up for his new daughter ahead of her 18th birthday in 2036 – and discusses how he plans to achieve this, with a little help from Einstein's eighth wonder of the world, compounding. Elsewhere, we talk about how invest for your own retirement and Fidelity's 'Power of Seven' matrix, as it looks like the pensions dashboard is finally moving ahead.
We talk about the collapse of online estate agent Emoov and the future of the industry with the Bank of England's latest Brexit predictions suggesting property values could fall 30 per cent in the worst case scenario. Finally, we reveal the latest British Gas rip off and whether could we have found the answer to expensive boiler replacements.
Welcome to the This is Money Show on Share Radio, brought to you in partnership with NS&I. After its controversial announcement last week Philip Hammond has finally had to U-turn on national insurance hikes in an attempt to win back public trust. Whilst the Budget provoked considerable backlash less publicised has been changes in road tax coming in April which will see some drivers paying as much as seven times more. Meanwhile across the pond the US Fed has raised interest rates with attention now turning to what the Bank of England will do next. Speculating on where all this leaves our finances Georgie Frost is joined by Editor Simon Lambert and Personal Finance Editor Rachel Rickard Straus. Plus is a castle, a Star Wars themed cinema and beer Fridays really what it takes to be named Britain’s best boss? This is Money is presented by Georgie Frost in partnership with NS&I.
Welcome to the This is Money and Share Radio podcast, brought to you in partnership with NS&I. We’re still on course for Brexit, albeit pending Parliament’s approval. Already a number of banks seem intent on following through on their threats to relocate jobs, but what about the local branches already shutting down across the UK? Meanwhile the FTSE continues to soar on the back of the slumping pound but questions remain as to the underlying health of the UK economy. Inflation also looks set to rise as does national debt although the latest GDP figures do offer some good news at least. To discuss how people can save and invest for the turbulent times ahead Georgie Frost is joined in the studio by Editor Simon Lambert and Deputy Editor Adrian Lowrey. Plus just when BT thought their problems couldn’t get any worse we’ll be announcing the results of the annual Money Mail Wooden Spoon Awards. This is Money is presented by Georgie Frost in partnership with NS&I.
Welcome to the This is Money and Share Radio podcast, brought to you in partnership with NS&I. After a year of doom and gloom stories this week we’re looking at the positives. Despite the Michael Fish style forecasting of the post-Brexit economy the FTSE is surging to unprecedented levels, could this be the time to start investing? For those less keen on the cut and thrust of the stock market a glimmer of hope for savings rates does seem to be on the horizon in 2017 as we look through some of the accounts paying up to 5%. Georgie Frost is joined by Editor Simon Lambert who gives his wish list of headlines for the next year whilst Consumer Affairs Editor Lee Boyce takes centre stage on everything coin related. But just how well will their financial knowledge stack up in our Podcast Quiz of the Year? This is Money is presented by Georgie Frost in partnership with NS&I.