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BOB 2
Posted: 10 August 2012 23:39:01(UTC)
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WHAT'S YOUR SUGGESTIONS,
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Leigh Moss
Posted: 12 August 2012 19:59:08(UTC)
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I should start by saying that I'm not a financial advisor but just interested in your post. As you haven't been lucky with investing in the past and appear to have put your savings in to a term cash Isa to get a 4% return which could be described as extra ordinarily safe haven then I have the feeling that changing your investment strategy now is probably not for you. I would anticipate that you will have sleepless night's and restless days if the core value of your savings fell below the initial value that you put in. A nice monthly income may not compensate you for your feelings at a capital loss. It is very rare that I put money in a term investment preferring to forgo a slightly higher interest rate to have instant access in case of emergencies. When at a certain age one has to consider if the amount of savings they have could be spent within their remaining life expectancy. After saving throughout my life when I finally retire I hope to do more spending than saving. Spending the kids inheritance as the saying goes.
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BOB 2 on 13/08/2012(UTC), Guest on 05/03/2013(UTC)
Michael Hellman
Posted: 13 August 2012 12:10:48(UTC)
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What about Edinburgh Investment Trust. At the moment there are many funds yielding just over 4% and shares. If the yield stays the same or increases but we suffer a stock market crash, how will you feel. Your income is doing well, but your capital has decreased. Also whoever you use to buy income generating funds, dont forget to deduct the annual fee for the fund etc.
You might also get capital growth though.
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BOB 2 on 13/08/2012(UTC), Guest on 05/03/2013(UTC)
David Chapman
Posted: 13 August 2012 14:26:53(UTC)
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If one is prepared to accept a degree of fluctuation in the value of the investment then Invesco Perpetual Monthly income is a good option - currently yielding around 6% [tax free if within an ISA] it would be wise not to put it all in - keep funds in an easy access account for emergencies - you could also consider Inv Perp Distribution fund also paying income on a monthly basis
If you do buy - use a discount broker to avoid the initial charge e g Hargreaves Landsdown or Chartwell - do not buy direct from Invesco - Hope this helps
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BOB 2 on 13/08/2012(UTC), Pensionable age on 06/01/2013(UTC), Guest on 05/03/2013(UTC)
david foster
Posted: 13 August 2012 15:43:39(UTC)
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standard life property income investment trust,up 45% in 2 years and paying 6%.
excellent!
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BOB 2 on 13/08/2012(UTC), Guest on 05/03/2013(UTC)
BOB 2
Posted: 13 August 2012 22:25:17(UTC)
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many thanks to everyone for your replys to my question,yes it may be a good idear to
swap over the next f.r.isa i hold that matures and see how it goes ,before investing any more.
i was going to purchase fund through fair investment fund supermarket,states initial charge after discount 0.00% management charge i.p.fund is1.25% so i presume the 6% drops to 4.75% there talk of interest rates dropping to .25% or even 0% if the economy don't pick up
i also read in the mail with the goverment giving away cheap money to the banks, 80 billion?
to try and get them lending more,states now no need for them to offer savers any more than 3%
(savers hit once again) . i dont know what you think but i can't see interest rates moving much for at least another 3 years? ,reason i say that is if i new rates were going to be about 2.5% in 3 years time ,i would hold on to my cash isa's.you never know with all this money sloshing about and the public at some time need a new car,tv,diy jobs,holiday,or even new house
the economy may switch over night.you never know whats around the corner.good luck to you all .bob
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David Chapman
Posted: 14 August 2012 00:25:32(UTC)
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Just a small note - The annual charge comes from the value of the fund therefore the yield [6%] is as stated - you just dont get as much capital growth as you would otherwise get !
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BOB 2 on 14/08/2012(UTC), Guest on 05/03/2013(UTC)
BOB 2
Posted: 14 August 2012 23:34:51(UTC)
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7th nov 2012
cash isa interest rates dropping like a stone, lucky if you can get 3%, getting to the stage were
cash isa's not worth keeping,decision time approaching.still looking for aaa rated income investment safe bet.4% after costs.well i suppose i can only dream. 1.Troy trojan income looks good.2.Invesco Perpetual monthly income fund. 3.perpetual distribution fund.4?
the idea is split the investment 4 ways 25% of isa cash holdings in each fund.?
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BOB 2
Posted: 06 January 2013 12:29:26(UTC)
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Well its crunch time, my fixed rate cash isa matures 24/01/13 approx £51,000 i was going to transfer it into santander 3.1% 2 year f.r.isa at 3.1% but that's just been reduced to 2.5%
It's a few months on now since i got replies to my query .
so it looks like i going to have to take a bit of a chance ,to gain some sort of income.
but what ?
invesco perpetual monthly income fund.
fair investments income fund.
or purchase blue chip shares ,with high dividends in a isa wrapper,question will i have to pay tax on dividends payments,or are the tax free?
or something else?
your suggestions welcome bob retired ,65 like possibly thousands of retires at my age look for a safe way of making a income from there savings, as the the cash isa market has been now been reduced to a rubbish state by actions of this government/bank of England
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David Chapman
Posted: 06 January 2013 13:44:35(UTC)
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Hi
Assuming you have a pot of easily accessible cash for emergencies, then I would suggest the following
Invesco perp Monthly Income plus
Invesco perp Distribution fund
Investec monthly High Income
These are just my suggestions - I have money invested in all of them - but to get the good yield [Around 6%], you have to accept the fact that the capital value can fall [and rise !], and you should look at the investment as a minimum 5 year term.
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BOB 2 on 06/01/2013(UTC)
BOB 2
Posted: 15 January 2013 11:49:31(UTC)
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David/leigh/others
call me chicken if you like.I have stuck to what i know and is safe,providing inflation does not jump.
what worried me was about investing ,look at the market today peak around 6114 i think its to high to purchase any think linked to the stock market, at the moment ,so i stuck to cash isa's
average across my isa's 4%/ 3.1%/ 2.75% and 2.7%with a old bond paying 3.3%after tax
all adds up to a average % of 3.045 across all my savings and its safe,i always said to my self
3% and i will be happy. there all linked to around 20 months except £52, in easy access isa a/c
just in case there is a large drop in the market,then i mite transfer and buy in wile the prices are low.


Ref. cash isa's statistics . end of 2011/12 the value of isa holdings stood at £391 billion.
it was estimated that £59 billion was invested in cash isa's in 2012
i don't no the figure how much is invested in cash isa's alone in the uk.
But how much money has been taken out of peoples pockets since isa rates started
dropping from say 4% to around 2% or less,that's half there interest income gone .
so the government gives the banks/b.soc. billions of pounds of cheap money so they
would lend more, and make bigger profits to boost there balance sheets.
I have not worked out how much has been taken out of peoples pockets due to savings
rates being pushed down to rubbish rates,due to the Government /B.O.E actions
but it must run into billions,and why is there no growth ?
28/02/2013
I don't believe it. just when you think you have got things sorted cash isa's reasonable return
at todays rates .just received a letter from SWANSEA B.S letting me know that my instant cash isa rates will drop from the 1st March 2013 from 2.75% to 2.25%,that's a drop of £260 worth of interest a year to me . I have had a good look around ,for a transfer and there is not anything that worth transferring to in the cash isa;s market, I don't no what you think,but the market seems to high to transfer into stocks & shares income isa at the moment ?
should i weight until there is a full in the market ,or jump in now ?
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David Chapman
Posted: 28 February 2013 21:27:34(UTC)
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I have read BOB2's post - the plain fact is that you cannot get a decent rate of return from cash ISAs - The banks and Building societies have reduced the rates to such a level that it is hardly worth having.
I don't know how old you are Bob - I am 67 and I really am not concerned about market drops - you just ride them out and stay put in your investments - As I have said - keep a pot of cash in an easy access account for emergencies - the rest invest in stocks and shares ISAs - where the income is tax free - you don't even have to put it on your tax return !!
My wife and I are currently enjoying a 5.9% yield tax free and the money comes in every month. Just go for it in my view.!!!
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Clive B on 28/02/2013(UTC), BOB 2 on 28/02/2013(UTC), Guest on 05/03/2013(UTC)
BOB 2
Posted: 01 March 2013 00:23:18(UTC)
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Thanks dave ,your my senior by 24 months,i am seriously looking at
Invesco Perpetual, high income fund,but am still not sure this is the best time to transfer in
being the market is so high, I think i will weight untill the next dip in the market and try and get it set up to transfer then.
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David Chapman
Posted: 01 March 2013 00:47:24(UTC)
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Invesco Perpetual High Income is a good long term investment Bob2 but only pays out six monthly and the yield is 3.8% ?
The funds I suggested earlier in this discussion pay out monthly which is what I need ,being retired - the yield of these funds is around 5.9% - I can only speak from experience - these funds have served, and continue to serve, me well and are a long term hold and when the next ISA year opens I will continue to invest in them.
If you do decide to invest then do use a discount broker,do NOT invest direct it is more expensive that way.
Try Hargreaves Lansdown or Chartwell Direct - they will save you money.
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BOB 2 on 01/03/2013(UTC), Guest on 05/03/2013(UTC)
BOB 2
Posted: 03 March 2013 01:21:17(UTC)
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HI Dave thanks for info about Invesco perp monthly income funds,i have downloaded them and will decide which ones to transfer to.
monthly income plus accumulation units now at £264.46 yield 6.17%
monthly income plus income units £109.06 yeald 6.17%
monthly Distribution fund income shares 62.32 p dis yield 5.53%
I also like the look of
invesco perp. European high yield income units 42.41p dis.yield 5.71%

I see there is talk about a correction,in the market,? do i wait or move now.
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David Chapman
Posted: 03 March 2013 11:56:40(UTC)
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Hi
Just a small thing - the prices are alway in pence per unit,
i.e. Inv perp Monthly inc plus inc £1.0906 per unit
Inv perp Distribution inc £0.6232 per unit
As far as market corrections go - you cant always get it right ! But the longer you leave it, the longer you forego the income, - as it takes 2 - 3 months, from investment, for the income to come through.
When the new ISA year starts on 6/4/2013 you could feed your new ISA allowance in on a regular basis to take account of any market fluctuations.
As I have said, I just ride any fluctuations out, as long as you don't cash in, they are only paper losses [or gains !!].
Hope this helps.
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BOB 2 on 03/03/2013(UTC), Guest on 05/03/2013(UTC)
BOB 2
Posted: 03 March 2013 21:38:17(UTC)
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Thanks dave for the suggestive advice, must stop replying at 1am in the morning getting my
dots in the wrong place,ow well tomorrows a new day as they say out with the old and in with the new.
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BOB 2
Posted: 10 March 2013 14:36:07(UTC)
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REF.CASH .ISA V INVESTMENTS

08/03/13 BEST DEAL IN CASH ISA SEASON BEFORE 05/04/13
HALIFAX B.SOCIETY 3 YEAR FIXED RATE CASH ISA AT 3%
TRANSFERS IN EXCEPTED ,OR NEW CASH OF UP TO £5640
AFTER 05/04/2013 CASH ISA ALLOWANCE GOES UP TO £5760
AND TOTAL ALLOWANCE GOES UP TO £11520

Even better kill two birds with one stone
swap your current account over to satander 123 account ,pay in at least £500 and set up two
direct debits,account cost £2 a month. for that you get 1. interest up to 3% on a balance up to £20,000 plus cash back on bills, plus a 2 year fixed rate isa at 3% , cash &interest back each month,and 2y isa at 3% got to be the best deal on the market, for cash isa savers ,i get an average of about £10 cash back each month .
UPDATE
23/5/13
I have just noticed Santander have dropped there interest rate on their exclusive major 2 year fixed rate cash isa 2.5% from 3% It would still pay someone with a large cash isa holding who wants to transfer for a better rate/2.5% to swap current accounts to santander, so they can transfer their cash isa to them ,my estimate 5 years is to long, 2 years is about right .
also cash back,and 3% on £20,000 balance in santanders 123 current a/c not to me sneezed at
these days.
UPDATE REF. BOE QE DECISION .As previous two months, 3 MPC members (including Merve) voted to increase QE by another £25bn with 6 against. All voted no change base rate.
22/5/13
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