Savings Interest Rates Getting Worse

[schell70]

I may get slammed for this but.....

I was brought up to not buy something until I had the money - how quaint these days!

However, when I was in my late 20's after being made redundant twice I was looking at buying a share in a business and went to an Actuary for some advice - now this guy drove a brand 911 Turbo and had a big house - whilst I laid out my concerns of spending near on 200k for the business his response was this:

'Oh dear god no, don't use your own money, use other peoples! Borrow it and if the firm goes tits you won't owe it'

Ever since I have done this (the firm didn't go tits by the way!) - borrowed money from the banks to fund investments (mainly property) - technically I now carry an eye watering amount of debt however if it all fell apart tomorrow I wouldn't be on the street. I own all my cars outright - including the GT (it was cheap!) and have a reasonably small personal mortgage.

I see too many people on PCP's they can't afford who critise me for the debt I carry but it's a slightly different kettle of fish - I have backups and worst case I'd just do driving work - it wouldn't be the first time!

Slam away......

 

[GeoffCapes]

Surely if you're baking in the Caymans, they come to you?




I've not seen £750 in cheques in the last 5 years!

C

I have a very large NHS Trust as a client, and they pay ALL of their bills by cheque.
Should have seen the cashiers face at my local Santander when I paid in an 80 grand cheque last year!

I'm sure they wanted to charge me for paying money in!

 

[rockits]

I won't slam this at all and it makes total sense. How on the other hand it seems to be the default position is beyond me and half of what is wrong with the world. If you can let someone else take the risk/fall and they are stupid enough to then why not?

Many buy outs seem to be done this way and it has happened with many football clubs I believe. Borrow money to buy then burden the company you are buying with the debt you have just acquired. Draw a large salary while owning it while the company pays off the debt. Then either it goes bust in which case you have lost nothing and had a fat salary during this time. Or it does well and you sell it and make a load of cash. Win or win win with little lose. Makes total sense. Especially if the company are buying is in trouble and you re-finance much of the debt or reduce it renegotiating terms with suppliers.

However there is always a loser and it is often the company itself, or staff or pension pots etc. in some cases. I am not sure I would be so confident lending money to someone who has none of their own money invested in a business or doesn't stand to lose a fair bit if it failed.

It just seems to be a big gravy train, hot potato, musical chairs or whatever you want to call it. As long as you are not the one holding it all when the music stops then all is great. Personally I don't agree this should be allowed but the lenders seem to allow it which seems a recipe for disaster.

I remember my dad having a business from 1982 ish onwards. He borrowed/invested fairly heavy capital costs of machines/equipment to manufacturer their bespoke hardwood windows and joinery. All bought and paid for after time. Then interest rates went mental upto 16-17%. He had a mortgage and loans to buy the machines still to pay for. Times got very tough and he tried to ride it out. More borrowing and the family home re-mortgaged and also used to secure loans to the business. All to keep the business running and staff employed during this time. They weathered the storm over many many years but it must have been massively stressful and the personal financial sacrifice immense. In the end they had to close one side of the business and focus on the better side. Some people who had been kept on that probably should have gone many years earlier just had to go. They re-structured and got through it but my dads personal financial loss was the main reason.

Now I am not saying this was right or the best thing to do and both my dad and myself have learnt a great deal from this. However the family home and livelihoods were quite squarely on the block. All hanging out there with my dad doing the best he could to keep it all together. He had everything on the line because the banks made it so. Now it all seems to be much the other way for businesses. The amount of money invested in startups that never go anywhere and just burn cash must be immense. The amount of modern businesses that exist, survive and even get sold/bought for millions/billions that have never even broken even amazes me.

So in summary I don't disagree or slat what you have done at all. If the opportunity exists and the banks are stupid enough to do this with none of your own personal money invested then go for it.

I have been brought up exactly the same as you to only buy something when you have the money to do so. My mortgage has always been my only loan but it is the biggest it has ever been currently!

 

[Scaf]

You mention PCP’s / car leases.
A lot of people I know spend more on leasing their Audi / BMW’s etc than they do on their mortgage - completely bonkers in my opinion.

 

[rivarama]

No, you can do that if you want.
The stock market is far far riskier as a deposit alternative and is currently totally reliant on the Fed money printing to maintain the illusion all is just fine.
Golds returns whether derived from fx moves or whatever are still ‘returns’.
Solid ones.

I am not sure I agree about the above statement, nor would investment professionals. Looking at a 25/30 year graph on gold doesn’t seem to confirm your point about risk/return either.
Also where do you store your gold (that would be free and risk free) and how does it generate an income?. I wouldn’t feel comfortable holding more than 5% of my networth in precious metal and that alone cannot be carried, let alone hidden in my house risk free.
When it comes to metal, I’d rather invest in non precious metal eg steel / aluminium... especially if it’s Italian and makes a lot of noise.

 

[ChrisH]

Theres a lot of 'grass is greener' chat here...

I've ran my own business since 2011. Has any part of it ever been financed by a bank... no. Have I carried enormous pressure to keep the business alive during Brexit... yes (we trade primarily a French product). So whilst you can say we dont have to deal with the interest rates of the 80s or other such events... business is never easy... it's never risk free for those involved. If my business tanked tomorrow... aside from anything else... I'd be looking at the decade of hard work... gazzilions of hours... probably wishing I could have traded those for a salary half what I know I could command. So its alway swings and roundabouts. I do what I do more for personal challenge and independence of thought (I'm far from able to do anything I want whenever I want... but at least I cop for my own decisions).

Savings rates are poor for sure. But even at 2.75... that's 2.00% above base offered by a 3rd party on an ask no question basis for doing nothing... no risk... no creativity... no work.

We manage large property investments for people.... and generally... they get about 2% net all said and told. Admittedly they get some other perks and also capital growth potential... but they also stump up major capital and arguably are taking major risk.

This is all a bit rambling... but I couldn't scale what I do... to give an end customer... 2% for doing nothing. So whilst I would agree... there are some banking practices which are utter BS... I'm not sure we should be obliging them to give us ace savings rates and cheap mortgages at the same time. That doesnt stack... if your savings rate is higher than your mortgage rate... its promotional... and you need to be prepared to chop and change that IMO. Or... invest in something more dynamic... higher risk... and either take the reward or pain when it delivers.

Sorry long post. Not trying to dig anyone... just offer some reflection from a small ish business owner who's a long way from making any IPO headlines. Ultimately in my experience... I've met plenty of wealthy people... and they've all worked their asses off for what they have.

 

[rockits]

I feel your pain and do agree with most of your points. I started my small business in 2002 and have worked my *** off for not much in rewards for effort/time invested.

Yes there have been many downs and an odd up but reasonably stable as it has been shaped that way. It won't make me a billionaire for sure but like you my destiny is my own to an extent. I could be earning gross 2, 3, 4 times or more what I earn selling my soul to a devil as it were but I have no desire to work for a big firm with loads of people in London getting a train into town each day. It would be my worst nightmare. I think it would push me over the edge to insanity.

I have no sympathy for any loaded folks with their sob stories of 2% returns though.....tough gig! I've done a few years when the immense hours never even got me close to minimum wage. It often doesn't always make financial sense but that is not my primary motivator. As long as I can pay the bills and be moving in the right direction that ain't so bad.

Most of us in the UK of course are blessed and very lucky. I understand and appreciate this every day. Many don't and have no handle on reality.

Everything all seems just a bit too fast, aggressive and changeable these days.

 

[Wattie]

I am not sure I agree about the above statement, nor would investment professionals. Looking at a 25/30 year graph on gold doesn’t seem to confirm your point about risk/return either.
Also where do you store your gold (that would be free and risk free) and how does it generate an income?. I wouldn’t feel comfortable holding more than 5% of my networth in precious metal and that alone cannot be carried, let alone hidden in my house risk free.
When it comes to metal, I’d rather invest in non precious metal eg steel / aluminium... especially if it’s Italian and makes a lot of noise.

Well,25/30 years ago banks were trustworthy and stock markets were based on true price discovery- not a tweet or upon central bank manipulation.
The entire world was a totally different place- historically our currency system was based in part on the “gold standard” where politicians and bankers weren’t just free to create money out of thin air.

Negative interest rates didn’t exist 25/30 years ago, European countries had their own currencies and weren’t trapped in a monetary system that doesn’t suit half of them and most importantly 25/30 years ago people lived within their means....not up to their eyeballs in debt that banks have happily given them! Global debt has never been higher than today....bankers have an odd way of solving the previous global debt/financial crisis.

We now live in times where the financial system is undeniably broken,bailouts commonplace- the whole financial systems requires constant central bank manipulation/intervention.

Most reputable gold dealers offer audited/secure vaulting facilities beyond the banking system- globally which can be very useful - if you know what I mean -all accessed via secure online accounts. Very simple to move money around the world.

You can if course take delivery and store at home.
A kg of Gold is pretty small and so easily hidden in the vastness of a house or put in a secure, bolted safe.

How do you generate an income....well on the 86.6% of recent occasions it goes up in value, sell some and take the profit. Use that to supplement your income.

5%- your choice as there’s no hard and fast rule.

Most SIPPs allow investment in Physical Gold or mutual/Etf’s.

I don’t see central banks getting rid of all their Gold and replacing it with the money they’re printing out of thin air.......do you? What are they scared of?

Central Banks Are on the Biggest Gold-Buying Spree in a Half Century

Central banks bought more bullion last year than anytime since 1971, when the U.S. ended the gold standard.

www.bloomberg.com

 

[Wattie]

I may get slammed for this but.....

I was brought up to not buy something until I had the money - how quaint these days!

However, when I was in my late 20's after being made redundant twice I was looking at buying a share in a business and went to an Actuary for some advice - now this guy drove a brand 911 Turbo and had a big house - whilst I laid out my concerns of spending near on 200k for the business his response was this:

'Oh dear god no, don't use your own money, use other peoples! Borrow it and if the firm goes tits you won't owe it'

Ever since I have done this (the firm didn't go tits by the way!) - borrowed money from the banks to fund investments (mainly property) - technically I now carry an eye watering amount of debt however if it all fell apart tomorrow I wouldn't be on the street. I own all my cars outright - including the GT (it was cheap!) and have a reasonably small personal mortgage.

I see too many people on PCP's they can't afford who critise me for the debt I carry but it's a slightly different kettle of fish - I have backups and worst case I'd just do driving work - it wouldn't be the first time!

Slam away......

Whilst this seems to have worked for you I would suggest it did not go well for many more!
The affordability rule is a good one but it has long since bolted and has been replaced by a "borrow beyond our means " mentality leading to an inordinate amount of debt- that is unaffordable.

When debt goes unpaid, it affects everyone as it piles up, as nothing is free.

Hence the next crisis.

 

[Felonious Crud]

You mention PCP’s / car leases.
A lot of people I know spend more on leasing their Audi / BMW’s etc than they do on their mortgage - completely bonkers in my opinion.

On the one hand that seems odd, but on the other I’d love to be spending more on my car than on my mortgage... but only if my mortgage repayments were down to a few hundred quid a month.

Dean, that must have been a horrendous time for your father and your family. What grit and determination! Hats off, my friend.

 

[rockits]

Dean, that must have been a horrendous time for your father and your family. What grit and determination! Hats off, my friend.

Do you know I don't think it is too clever really but many go through it and I'm sure much much worse. My dad didn't know any different and thought he was doing the right thing. Maybe he was....maybe he wasn't but it was a decision he made all the same.

I was just brought up to just knuckle down and get on with it. People in the world are far far worse off than us. That is why people like Philip Green and the like really p1ss me off as they could do so much more to really invoke change and make a difference. Yet they consciously choose to improve themselves at the expense of others.

I've had a few bumps and bruises along the way but it has made me harder and tougher. I have sat on my own in some strange places at strange times staring up at the stars wondering why you are doing what you are doing as it doesn't make sense. Then I realise how lucky I am and get over the little blip.

I am indeed a very stubborn sucker but for the better I believe and not for the worse. Many nights I have chosen not to sleep to get a job done for a customer out of hours or overnight. A majority of the time they never even know or realise but it is what I think that matters.

I'm quite similar to many others on here. A very complex but very simple man. Not clever but not stupid.

 

[rivarama]

Well,25/30 years ago banks were trustworthy and stock markets were based on true price discovery- not a tweet or upon central bank manipulation.
The entire world was a totally different place- historically our currency system was based in part on the “gold standard” where politicians and bankers weren’t just free to create money out of thin air.

Negative interest rates didn’t exist 25/30 years ago, European countries had their own currencies and weren’t trapped in a monetary system that doesn’t suit half of them and most importantly 25/30 years ago people lived within their means....not up to their eyeballs in debt that banks have happily given them! Global debt has never been higher than today....bankers have an odd way of solving the previous global debt/financial crisis.

We now live in times where the financial system is undeniably broken,bailouts commonplace- the whole financial systems requires constant central bank manipulation/intervention.

Most reputable gold dealers offer audited/secure vaulting facilities beyond the banking system- globally which can be very useful - if you know what I mean -all accessed via secure online accounts. Very simple to move money around the world.

You can if course take delivery and store at home.
A kg of Gold is pretty small and so easily hidden in the vastness of a house or put in a secure, bolted safe.

How do you generate an income....well on the 86.6% of recent occasions it goes up in value, sell some and take the profit. Use that to supplement your income.

5%- your choice as there’s no hard and fast rule.

Most SIPPs allow investment in Physical Gold or mutual/Etf’s.

I don’t see central banks getting rid of all their Gold and replacing it with the money they’re printing out of thin air.......do you? What are they scared of?

Central Banks Are on the Biggest Gold-Buying Spree in a Half Century

Central banks bought more bullion last year than anytime since 1971, when the U.S. ended the gold standard.

www.bloomberg.com

I don’t understand why you keep referring to 25/30 year ago as a point in time, when I am talking about a trend OVER the entire 25/30 period. Look at the trend, not the starting point... you’ll see that your gold appreciation is being dwarf by one of a balanced portfolio - period!

also, you do understand that your 86% return on gold is index based, right? Buying and selling gold (or any physical assets to that matter) has SIGNIFICANT friction costs - nobody will even give you the quote value when you show up at a counter with an ounce of gold... so your quoted rate of 86% is completely misleading in real life!
also the major downside is that unless you retire in a major city that has plenty of gold traders (not sure people want to retire in (London, and the likes), you will need to travel to a major city for miles and incur costs to find a half decent buyer that will not murder you with charges and prohibitive spreads when buying your mere ounces.

finally a savvy investor would never advocate to keep kilos of gold at home “risk free”... that’s what my great grand mother who lived through the war would do.... under a mattress?

i personally prefer the safety of the financial system where everything is accessed, sold and earned through the click of a mouse.

 

[Wattie]

I don’t understand why you keep referring to 25/30 year ago as a point in time, when I am talking about a trend OVER the entire 25/30 period. Look at the trend, not the starting point... you’ll see that your gold appreciation is being dwarf by one of a balanced portfolio - period!

also, you do understand that your 86% return on gold is index based, right? Buying and selling gold (or any physical assets to that matter) has SIGNIFICANT friction costs - nobody will even give you the quote value when you show up at a counter with an ounce of gold... so your quoted rate of 86% is completely misleading in real life!
also the major downside is that unless you retire in a major city that has plenty of gold traders (not sure people want to retire in (London, and the likes), you will need to travel to a major city for miles and incur costs to find a half decent buyer that will not murder you with charges and prohibitive spreads when buying your mere ounces.

finally a savvy investor would never advocate to keep kilos of gold at home “risk free”... that’s what my great grand mother who lived through the war would do.... under a mattress?

i personally prefer the safety of the financial system where everything is accessed, sold and earned through the click of a mouse.

**** me, you’re the one that bought up 25/30 year history NOT ME . I just pointed out it’s totally out of touch with today.
I didn’t say Gold had an 86% return, I said it has had 2 negative years in 15 which means 13 positive ones which is a little more than a 1 in 10 downside, risk wise. It’s returns are much more than 86%.

Honestly I cannot be bolloxed with the rest, cos you ain’t got a clue......wtf is all that unless you live in a major city/travelling to London shite. Do you get your stock certificate in the post nowadays then?

I don’t mind a bit of banter but that’s a stupid comment.

You seem unable to comprehend that Gold is “accessed, sold and earned through the click of a mouse” nowadays.

Whatever. You just keep investing in stocks as a low risk deposit alternative.

 

[rivarama]

**** me, you’re the one that bought up 25/30 year history NOT ME . I just pointed out it’s totally out of touch with today.
I didn’t say Gold had an 86% return, I said it has had 2 negative years in 15 which means 13 positive ones which is a little more than a 1 in 10 downside, risk wise. It’s returns are much more than 86%.

Honestly I cannot be bolloxed with the rest, cos you ain’t got a clue......wtf is all that unless you live in a major city/travelling to London shite. Do you get your stock certificate in the post nowadays then?

I don’t mind a bit of banter but that’s a stupid comment.

You seem unable to comprehend that Gold is “accessed, sold and earned through the click of a mouse” nowadays.

Whatever. You just keep investing in stocks as a low risk deposit alternative.

You still seem to misunderstand the difference between what “25 years ago” and “over 25 years” actually mean... can’t help you on that.

Your proverbial and subjective love for gold is very well plastered all over this forum. However the numbers you quote are slightly misleading / need to be taken w a pinch of salt... that’s all I was pointing out - not trying to wind you up.

Also, you were the one advocating the irrational holding of physical gold... not me as it’s a fairly unsafe strategy (like my great grandma’s)

Not a single sound minded investor would hold more than 5-10% of their portfolio in gold.

Again - my original post wasn’t meant to upset or offend you. If it has, I apologise for it.

 

[Wattie]

You still seem to misunderstand the difference between what “25 years ago” and “over 25 years” actually mean... can’t help you on that.

Your proverbial and subjective love for gold is very well plastered all over this forum. However the numbers you quote are slightly misleading / need to be taken w a pinch of salt... that’s all I was pointing out - not trying to wind you up.

Also, you were the one advocating the irrational holding of physical gold... not me as it’s a fairly unsafe strategy (like my great grandma’s)

Not a single sound minded investor would hold more than 5-10% of their portfolio in gold.

Again - my original post wasn’t meant to upset or offend you. If it has, I apologise for it.

We're gonna have to agree to disagree on this Riverama as you know.

Couple of things though,
1. I pointed out that audited online vaulting facilities are offered globally and also that delivery was available. At no point did I advocate anything. I said there's a choice.
You personally think its irrational to hold physical gold at home, many, many others disagree. Many prefer the safety of having it in their possession rather than held by a third party. They would argue you're irrational. If you own it, keep it.

I personally, think its irrational to buy stocks at all time highs when they are totally reliant on Central Bank money printing.

I also think its irrational to hold large sums of money in a bank (for bugger all interest) in the knowledge that they may prevent you from accessing it -at their whim......or even seize it. example- https://www.bbc.com/news/business-25861717

Buy a big safe, hold it at home, you've lost no interest and you don't have to worry about getting it back.


'Not a single sound minded investor would hold more than 5-10%.......'
Again that's an opinion. I didn't state any figure as a guideline but thanks for clarifying that after 35 years of financial services experience that I'm not of "sound mind".

Your assumption is incorrect as I, singly, do. No need to apologise, we just see things as polar opposites and fight our corner.

Worth a read-

Gold's Outlook For 2020
In the absence of foreign demand for new US Treasuries and of a rise in the savings rate, the US budget deficit can only be financed by monetary inflation. A combination of the turn of the credit cycle towards its regular crisis phase and Trump's tariff war has already hit international trade badly. At the core of current market distortions is a combination of interest rate suppression and banking regulation. Perhaps we are already beginning to see the fiat currency system beginning to unravel,

Read in Seeking Alpha: https://apple.news/A1iYPFlUdO5K3HriMc8ho9A


Shared from Apple News


Sent from my iPad

 

[safrane]

There is far more to life than just making money guys... so let's not start so early in the year without good will to all.

 

[rivarama]

We're gonna have to agree to disagree on this Riverama as you know.

Couple of things though,
1. I pointed out that audited online vaulting facilities are offered globally and also that delivery was available. At no point did I advocate anything. I said there's a choice.
You personally think its irrational to hold physical gold at home, many, many others disagree. Many prefer the safety of having it in their possession rather than held by a third party. They would argue you're irrational. If you own it, keep it.

I personally, think its irrational to buy stocks at all time highs when they are totally reliant on Central Bank money printing.

I also think its irrational to hold large sums of money in a bank (for bugger all interest) in the knowledge that they may prevent you from accessing it -at their whim......or even seize it. example- https://www.bbc.com/news/business-25861717

Buy a big safe, hold it at home, you've lost no interest and you don't have to worry about getting it back.


'Not a single sound minded investor would hold more than 5-10%.......'
Again that's an opinion. I didn't state any figure as a guideline but thanks for clarifying that after 35 years of financial services experience that I'm not of "sound mind".

Your assumption is incorrect as I, singly, do. No need to apologise, we just see things as polar opposites and fight our corner.

Worth a read-

Gold's Outlook For 2020
In the absence of foreign demand for new US Treasuries and of a rise in the savings rate, the US budget deficit can only be financed by monetary inflation. A combination of the turn of the credit cycle towards its regular crisis phase and Trump's tariff war has already hit international trade badly. At the core of current market distortions is a combination of interest rate suppression and banking regulation. Perhaps we are already beginning to see the fiat currency system beginning to unravel,

Read in Seeking Alpha: https://apple.news/A1iYPFlUdO5K3HriMc8ho9A


Shared from Apple News


Sent from my iPad

35 years in the financial industry and you have never read fundamental research on asset correlations, beta and optimal portfolio? Or do you just not believe in what the data show? - happy to recommend some nice papers if you want (pls PM me). I am not sure why anyone would invest more than 10% of their portfolio in an asset that doesn’t provide more protection beyond that level and provide no income - unless of course you live in a 3 world country or have no access to financial instruments due to government control. That is then a diff story altogether.

As to keeping vast sums of money - I am sure you have heard of commercial paper/money market, which is instantly accessible and also protects your cash as, even if the financial institution that hold it we’re to go bust, you are still the legal and rightful owner of that investment, hence can transfer this title to another financial institution- making the need to keep vast sums of money at home redundant (who would want to spend £10k+ on a real secure safe - which can still be cracked anyway? And to store how much?) - here again, unless you live in the sort of countries I described above.

Although you might find this amusing, I do hold 5% of gold in my portfolio - but I would never use those bullion companies, as their “well audited vaults” around the world don’t always sound same to me... who audit those vaults? Have you ever read the reports from top audit firms?? A lot of them sound just like the many wine investment firms that have gone bust or were shut down for fraud (Premier Cru, Hill Wine company... £150m+ of fraud from significant companies in the UK alone over the last 10years...) - lots of prominent and savvy investors have lost a lot of money on “well audited” wine firms.
So my gold investment is through HSBC who owns the actual gold, which is kept at the Bank of England. The audit is validated annually by HSBC auditors (pwc I believe) as well as BoE independent stock count every quarter. It costs me 0.5% if fee annually - which isn’t cheap but provide diversification and decorrelation benefits.

Finally - as far as investing at an all time high, have you heard of Dollar Cost Averaging (DCA)? If it has the benefit of also making someone feel better than investing lump sums at once, the DCA provides one of the best way to avoid timing the market.
But still - FYI - if one had invested in a global stock ETF on the eve of the tech bubble crash (worst timing), one would still be looking at a 100% return today... so why give that up?

Also - how do you know the market is not going to continue to go up - or crash to that matter. I seem to remember you have been saying this for a while - the market has gone from high to high over the past few years... and how do you know gold is going to continue to go up? After all, it is only 25% below the level that has only been reached once ($2k) over the past 100years...



As you said - we probably will have to agree to disagree. Your circumstances might be specific to your own situation, but I sleep better at night knowing that I am invested in a balanced portfolio, optimised as well it can be given current asset classes available to me to invest in, and given my investment time horizon.

 

[rivarama]

Safrane - very good point.
I just realised I wasted 15minute of my life drafting the above response to Wattie, which isn’t going to make him change his mind (which isn’t my intention anyway) - and might just wind him up even more.

Off to have a lovely family breakfast now.

Bless you all - and Wattie, looking forward to a catch up on that very topic over beers one day ;-)

 

[Felonious Crud]

That’s a good topic that Wattie and Riverama were discussing. Whilst I understand little of what they don’t agree on, I’m reassured that even seasoned finance guys don’t have an absolute right answer on what to do with one’s spare coin.

So, follow Riverama’s Great Grandma’s lead and stash it under the bed, chuck it at the mortgage or splurge it on fast cars and slow women?

 

[rockits]

Gone way too deep for my little pea to understand

However as Adam says it just goes to show the guys doing this as a day job and the like have no definitive answer just opinions, thoughts and ideas valid or otherwise just like most of us. Just a partially calculated gamble but a gamble all the same. I'm sure many have done OK just blindly gambling by pinning the tail on the donkey or sticking their finger in the air as it were. Of course I couldn't advocate this idea but it is lots quicker and less time consuming I'm sure.

I'm going to look to buy some blue chip stocks with decent dividend yields into my Investment ISA with some of it I think.