@FynnCapital Keep safe market can stay down for long periods..
Having cash avoids having to take out personal loans when things in life don't go to plan.
When the market is red for a day or longer, zoom out.
Look at the week, month, YTD, or the max chart.
Markets go up and down. Over time, history says theyβve tended to go up.
@GavinBaylis1@MaximusOwen@PolitlcsUK Na should be pay to view or subscription..
Tax pays for more than it should already, just end up with more people leaving the country if tax goes up.
Then who will pay all the top up benefits etc
What I have to explain to people regularly after they say G word π³
βInvesting is gambling. Iβd never do that.β
Sure if you mean day trading money you need next year.
Holding long term cash isnβt safe though. The number in the account stays.
What it buys usually falls as inflation rises.
Investing doesnβt guarantee you beat inflation.
It just gives you a chance. Cash doesnβt even try.
Junior ISA = Β£9k a year and it's tax-free, locked till 18 and then itβs theirs.
Donβt hide the balance. Once a year show the money in account and "how it moves".
Explain the dips and long line up. kids then learn investing isnβt magic, itβs time in the market that matters..
@JHarcourt98@PolitlcsUK So everyone in uk with broadband should have to pay Β£11 a month? π
Some of us just watch netflix and prime these days.
Don't even need bbc for news, x has news hours before bbc says about it, if at all..