I have always shied away from the stock market. Remembering the crashes over the years. Many seniors lost many thousands of dollars just as they were about to retire.
Today I invested a 6 figure amount into a term deposit at 4.25% for 5 months.
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We have someone called ISA in the uk, tax free. But the current government would like to raid ut.
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Hi
What is money?
Divorce is very expensive, it cost me a fortune when she left, half my Pensions , including my Injury Pensions’.
Inheritance Tax is payable here at 40% above a certain limit, varies from ÂŁ325 to ÂŁ500k
I will not be paying it, the kids have had the money years ago, so the house will be Tax Free.
You are only allowed to give ÂŁ3k a year to your kids each year as presents, anything more is taxed at 40%.
You are however able to give unlimited amounts annually from your income provided it does not affect your lifestyle.
I give ÂŁ900 a month, non taxable, to my son, absolutely legal.
It is worth investigating.
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I invest 60% in term deposits for 12 months and 40% in blue chip shares.
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I don’t invest it’s all spend, spend, spend for me.
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I invest in shares with good yield (tax free in an ISA) and also Gold.
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Welcome to the forum.
Thank you for posting.
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lol delightful
Same here Bruce, you can’t buy immortality 
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You can only invest £20,000 in an ISA Annie, and if you don’t pay tax it’s a waste of time.
Put yer 20 grand in premium bonds, it’s also tax free and you can win substantial amounts. I’ve won a grand this year alone…
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Cash has gone, its all hypothetical from here on in 
I still keep a stash for a rainy day Spitty…when the net goes down…he who has the last laugh has a wallet full of folding stuff…
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All those Zombie types will be round your place to pilfer yer stash
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Not worth it for fifty quid Spitty, and it’s all in fivers…
That’s if they can get past the fierce Mrs fox…
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Its all good, having nothing to lose Foxy
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I can understand why you’ve stayed away from the stock market. It can be pretty unsettling watching people lose so much money, especially when they’re close to retirement. A 4.25% return for five months sounds like a nice, predictable option. Do you usually prefer safer investments like CDs and savings accounts, or have you ever considered other options?
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I have never considered other options. All bank deposits up to $250,000 are government guaranteed should a bank go bust.
Australian Government guarantee on deposits (glossary definition) - Moneysmart.gov.au
It has only been the last 5 years that I have put my money into term deposits. I look for the best rate and if that is outside my two accounts then I go there.
My current term deposit is 5.25% over 5 months.
5.25% for a guaranteed rate is honestly pretty solid these days! With the government protection on deposits up to $250k, it makes total sense to keep things simple and safe, especially when peace of mind is the main goal.
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I don’t think the interest rate is important at such an uncertain time because the way things are going you are better off investing in a solar power unit and generator or digging a well in your garden. People who don’t drink are buying alcohol stocks so that they can trade with others!
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I gather that tobacco is valid currency should you do anything nawty!
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