RThe plan of Achle Reavs to encourage saver to transfer saves to investors in investment has promoted a lively reader response, especially among the older people who say that they have neither time nor hunger for risk.
Many commentators questioned the knowledge of urging people in the stock market, arguing that fixed-per savings accounts and tax-free ISAs already provide attractive returns of 4-5 percent, out of which there is no possible loss.
“Why would I like to invest in something that can lose money?” Asked a 78 -year -old pensioner, a widely shared spirit.
Other people pointed to reducing the stock and individual experience with ISAS shares, and said that in the later stage of life, there is no time to overcome the recession in the market.
Nevertheless, some admitted that young savings with time and discipline could benefit from regular investment, provided they get the right guidance.
What did you say here:
It was not worth worrying
Investment products are not for everyone, especially people who cannot give top and end financial advice, which also costs. I once had an investment-keval hostage, which I woke up for years, weakened in the markets every time. Finally, we cashed it when the markets were doing well and paid the hostage 8 years ago. To be honest, it was not worth anxiety and sleepy nights in 17 years. Therefore, consider carefully what kind of risk flexibility you have and if you weaken your investment, or if you lose all this, or have a considerable share of your money. For me personally, never again again. I feel safe with my cash Isas and at the moment, sleep much better!
Sesinha
Will you take your savings in investment for the possibility of big returns, or are you sticking with cash protection? Let us know Information Below
I don’t risk
Each for my own, but if I have a good amount of cash to invest, I always fix it with a non-UK High Street Bank that is located in the UK and protects the money up to £ 85K, and does my homework on them, which also checks for decent UK-based customer service.
High Street Banks provide poor interest rate returns as they allegedly require “covering their costs”, despite that most banks are now closed. But there are many other banks that can give you a decent rate.
For me personally, if it is a good nail of money, I do not risk investing in shares and shares.
But he is just me. If you are rich and can take the risk of risking risk and loss, go for it.
Amy
risk factor
I am a friend who is far away from me, but he does not have a scoop about all this stuff, so he has just £ 300k in his bank. It is only in the last few years that he is upset with getting an ISA and sorting a high -rate account, but when I said that maybe he should invest or something else, he was not just a disturbance. She said that she does not like the risk factor and is just happy to get a pissing and if she needs it then it is to hand over all this.
If people are not really interested in investing, especially due to risk, I really don’t see what you can do to convince them. I think this is another duff idea from the fast helpless Reaves.
Elsi D
optimistic
9 percent is very optimistic assuming returns.
I was advised to never make long-term plans based on more than 5% returns-which would reduce your money only by 15 years and quadruple it in 33 years-and anything to consider as high as unpredictable bonuses. That advice has given me good service for more than 40 years.
Yorkshire
Remember the caviate
Remember the warning: “Your capital is at risk and you cannot get the amount you invested.”
Remember advertisements that will you lose money in stocks and stocks? I know those who had lost anything on their portfolio or not. Do not forget that labor would like to tax any profit.
Samuel Smith
People do not understand their own risk tolerance
Most people do not understand their own risk tolerance and they should not put money in any property, which they are not comfortable with the fall of 30–50 percent. Therefore Reavs, who is not a financial advisor, is giving bad advice.
PKbuo
There are far more attractive places to invest
The problem for Reeves is that there are far more attractive places to invest. For me, in the last 10 years, Nasdaq has been the only place. Some UK stocks have become attractive due to cheap evaluation in recent years – due to lack of trust and deep pool of money from the UK, mainly due to braxit and mismanagement of the bubbon that runs the economy in the dust.
I hope Reeves will succeed – there is no option politically.
Notredorblue
My stock and shares have increased
After a year, the ISA in my shares and shares has increased from the princely state of 1.28%.
Stocks can dive very quickly and take age to bounce back.
Samuel Smith
Relaxed rules
Rachel Reeves is giving rest to the rules introduced after 2008 to prevent another financial accident. For this reason, I will be very cautious about investing.
Flattened
Don’t buy a car … invest
Many people, when they retire, use their lump sum to buy a car or tourist van. It is serious money that is thrown away on just a rapidly tampered property. Just buy an old Benger and invest money in the stock market.
Pomerol95
Why would I like to invest in something that can lose money?
I am 78 years old with enough pension and no mortgage.
My savings are kept in about 50 percent of the ISAS, which is earning about 4-5 percent tax-free.
I have an emergency fund in immediate access. The remaining savings earn 4.55 percent or more.
Why would I like to invest in something that can lose money?
Tony Kev
not time
If you are in your “later years”, you do not have time to wait for the falling stocks and shares to grow again. I have a stock and stock ISA and, on average in 15 years, it has not been better than a cash ISA.
Heath
risk profile
If you get yourself a reputed financial advisor (check their qualifications), they will evaluate a risk for you and agree on your risk profile before set to invest.
We have a relatively modest amount with a single ‘platform’ and used to have moderate risk, but as we are now receiving, we have moved at a moderate/lower time to overcome any bad, unexpected events, which causes a sudden decline in value (such as Kovid, Russia attacks Ukrain).
Woke up
The main word ‘can do’
And the key is the word Be able toInvestment Be able to Increase in value, but they can also reduce – until the government is reducing the deficit.
In a range
Does the public expect to fill the investment gap?
Does this mean that the big investment in the British economy is so low that the government is resorting to the people of this country to fill it with zero – Hmm.
Claudia
Jump
If they do not put money in a better savings account, I suspect that they jump. This would be convenient if the interest rate had to be at least sufficient – it was the law.
Theredsquirrel
Twenty years of investment is a long time
Twenty years of investment is a long time. During this period, companies can be insolvency, influence geo -political upheaval and war investment, and services and products may become obsolete due to disruptive technologies, and so on.
Thinker
Some comments have been edited to this article for brevity and clarity.
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