How much savings do you have?

Only around £2,000

Cash & Shares: £49k
Pension: £32k
House Equity: £89k

I recommend
HL Select Shares (Accumulation)

and Kotak India Mid Cap (Accumulation).

You can't mention House Equity. :P

Unless you can convince me.....

and what do you mean by shares

I never understood how people get credit card debt and so much, don't the banks start charging interest on missed payments? And eventually just take away your credit card?

How do you have so much lol? Are you a uni student or do you have a job? I'm guessing the latter but still, that's a huge amount of savings

Launched 2 months ago. A brave recommendation for a product which hasnt even reached a single benchmarking point!



A 1.52% ongoing charge!! So high it would be illegal if it were a pension fund. Extremely volatile and entirely invested in a single country. You'd probably have less risk taking all your cash and putting it on red or black in a casino.

Cash & Shares: £49k
Pension: £32k
House Equity: £89k

Ok I understand, I always see the minimum payment thing on the top of my statement but I never do that because I'm always in fear of being charged interest.

I literally use my credit card like a debit card, I pay it off after every 2-3 days.

My limit is terrible though, £500, though I've never asked for it to be raised and I hate HSBC with a vengeance. I really only use my bank account to take in money, I store like £90-£100 in it to pay off my credit card.

Most of my money is in my stockbroking account and held in shares, where I can get a return and dividends (which are used to buy even more shares). But I am pretty angry with the banks for screwing over savers, when I have to use the stock market as a savings account, you know something is wrong.

Btw you can use the stock market as a savings account if you buy shares which are not very volatile (low market beta we call them). Things like Unilever, Diageo etc

That's already quite a pension, nice! I think I am on 14k.

I put in 16% + employer 4% so am contributing 20% of gross pay each month.

you own your own company?

I have a couple of online income streams but I wouldnt consider it a company.

Buy these shares, these are highly liquid defensive stocks. We would need a nuclear war to derail these giants....

1) Reckitt Benckiser
2) Diageo
3) Unilever
4) Johnson and Johnson
5) Procter and Gamble
6) British American Tobacco
7) Altria Group

Split the money equally seven ways. Reinvest dividends. Don't look back.

What shares/funds do you hold?

I recommend them because I'm in them, granted only till this April for the HL shares. Once I get my ISA allowance I will be stock picking again with the fund money.

Kotak India Mid Cap is superb, the guy running it is a star, trust me. The charge is not excessive. India is the superstar of the 21st century. I have around £2100 in Kotak India Mid Cap, that will stay for the long term.

The guys running HL Select Shares know what they are doing, this is not Woodford, they employ value investing techniques of Graham and Buffett which I highly admire. They have a mix of defensives and mid caps, they should do well.

Buy these shares, these are highly liquid defensive stocks. We would need a nuclear war to derail these giants....

1) Reckitt Benckiser
2) Diageo
3) Unilever
4) Johnson and Johnson
5) Procter and Gamble
6) British American Tobacco
7) Altria Group

Split the money equally seven ways. Reinvest dividends. Don't look back.