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>> No. 9683 Anonymous
19th June 2023
Monday 12:27 am
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I have a predicament: I'm putting aside some money for a wedding and stag-do coming up along with finally getting around to learning how to drive. I've done the figures and gotten to £1360 and £1034 respectively which I'll build up over 12~ months by diverting 10% from my savings and adding in random drabs from elsewhere.

Where I'm having issue is how I should hold the savings. I've spent most of my life utterly skint but have been putting money away of the past few years into stocks and shares as I became a normal adult. It seems wasteful to hold that extra stash on my bank account but its not really enough over the build-up to generate a lot of interest for the loss of utility in a savings account. I don't know, should I just throw it in a low-cost investment tracker on my investment ISA and access that when I need to? Gamble being I'll make more on growth than the interest a bank will give me and it's still relatively easy to access (around a week to sell and withdraw cash).

How do you rate the odds of a banking crash v a collapse in the GBP over the next 10 months. It sounds like the Swedish housing market is about to burst and Germany will follow it. That's the question I'm getting at.
Expand all images.
>> No. 9684 Anonymous
19th June 2023
Monday 1:08 am
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You can get at least 4% on an instant access account these days, even more with a fixed or regular saver.
>> No. 9685 Anonymous
19th June 2023
Monday 1:18 am
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>>9684
Not even with the filter.
>> No. 9686 Anonymous
19th June 2023
Monday 10:30 am
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>>9683

There won't be a global banking crash, although there undoubtedly will be a few jitters and possibly a bailout or two. The pound could dip a bit further, particularly if core inflation doesn't start moving in the right direction. If it was me, I'd keep my money in the S&S ISA until I needed it.

>>9684

I'd knead her dough IYKWIM.
>> No. 9687 Anonymous
19th June 2023
Monday 11:46 am
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>>9684
I'd develop an unhealthy infatuation with her before taking ages to pluck up the courage to make a half-hearted move and get rejected, IYKWIM.
>> No. 9688 Anonymous
19th June 2023
Monday 11:47 am
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>>9684
You sound quite happy about a guaranteed loss of wealth.
>> No. 9689 Anonymous
19th June 2023
Monday 12:00 pm
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>>9688
Inflation only matters about the thing you're specifically using the money for. Wider inflation of x is irrelevant when the only thing that matters is the price of y.
>> No. 9690 Anonymous
19th June 2023
Monday 12:47 pm
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>>9689
You're right. If he only ever pays for his TV license and media subscriptions, games and toys, electrical items and education, he'll be quids in.

?????
>> No. 9691 Anonymous
19th June 2023
Monday 12:58 pm
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>>9690
The money is for a stag do/wedding, which are usually booked well in advance, and for driving lessons. He's only going to 'lose' money if the growth in his savings is lower than the increase in cost of what the money will be spent on. It doesn't matter if his grocery shopping goes up 25% if driving lessons only go up by 2% in a year because everything else is completely irrelevant.
>> No. 9692 Anonymous
19th June 2023
Monday 2:26 pm
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>>9691
I'm not sure that's the correct way of looking at it all, because opportunity cost is opportunity cost, but regardless I just Googled the average lesson price and supposedly they're now 25% higher than what I paid towards the end of last year.
>> No. 9693 Anonymous
19th June 2023
Monday 2:44 pm
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>>9692
FWIW BSM offers one instructor in my area for automatic lessons and the robbing bastard wants 55 quid an hour.
>> No. 9694 Anonymous
19th June 2023
Monday 3:32 pm
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>>9693
Taxis are more than £55 an hour, and they don't have the nightmare of letting you incompetent bastards drive, with all the insurance and car damage (and utter frustration of dealing with the kind of slow learner who needs automatic lessons).
Everything is pisstakingly expensive.
>> No. 9695 Anonymous
19th June 2023
Monday 3:46 pm
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>>9694
Are they fuck.

Only millionaires take black cabs.
>> No. 9696 Anonymous
19th June 2023
Monday 3:58 pm
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>>9693
I learnt with BSM in 2010/11, only £20 an hour back then. I know 12 years is a long time, but for them to almost triple, ridiculous.
>> No. 9697 Anonymous
19th June 2023
Monday 4:02 pm
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>>9696
For qualified manual instructors they had one reasonable price and one not so reasonable IMO.
>> No. 9698 Anonymous
19th June 2023
Monday 4:07 pm
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>>9697
Anyone a bit less enriched?
>> No. 9699 Anonymous
19th June 2023
Monday 4:25 pm
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>>9695
ok, Uber have changed the game. Not that they'll come out here, so it's crippling and unavailable minicabs or nowt. Last time I looked to see how much an uber would be from work to home (70 minutes) it was well over £100 - I guess as I'd be paying both ways.
Still, I don't think that driving for Uber, Shite-cabs or BSM are routes to easy riches.

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