thank you for your premium bond video decided to follow your advice but on a smaller scale so started sept £200 per month but november decided £500 per month winnings so far £150 in 2 months . thank you so much
BNG is Bulgarian Lev. It is "linked" to the EUR with 1 EUR being 1.955 BGN. It is very strange that these currencies are tied, but the interest for BGN is 2.5% and for the EUR it is 4%.
Hello. As a Newbie here, can I just check that when I buy further ETF shares within my ISA wrapper using the now higher interest rate uninvested cash balance, T212 just decrement from that ISA cash balance immediately as per normal, no waiting?
is it safe leaving your money in QMMF longer term until the interest rates drop below a sonventional bank savings account? what are the risks apart from reduced interest and liquidity?
Excellent video! Is this interest rate of 4.5% variable, as I can see it is showing 5% today? Also, could you do a video about self-assement for any investment made which taxable (outside of ISA)? TIA
Im wondering if changing my currencies(euro) to dollar or gbp due to higher interest rates but im worried about if they are going to be as stable as euro, thoughts?
I see now that the interest rate is up to 5.20% for GBP however it is as high as 7.00% for HUF. Would it be worth depositing money in Hungarian forint and then earning the 7% on this or will this come with a fee when I then come to withdraw my money back into pounds? Thanks
I get this question all the time. It's not worth it, you're not considering the devaluation of Hungary's currency compared to the pound, if their inflation rate is higher, then their money becomes less valuable at a faster pace than the pound.
Hi, excellent video. For tax purposes, whether the earned interests in etoro is savings income or subject to capital gains for hmrc ? For wise, interests may be capital gains or home as cash is put in short term bond.
What are your thoughts on CSH2 as opposed to leaving your cash as uninvested on 212? Presumably not much difference? As CSH2 is an accumulation MMF would this however be taxed as capital gains outside of an ISA?
I think the advantage of having it in uninvested cash, is if you like trading a lot, so the money is available instantly, instead of having to sell the ETF. It's just an extra layer in between. But yes, the CSH2, gives you slightly more, so could be a better choice for some.
Hi I like your videos but you can explain to me one thing let's say that I invest 5000€ Euro at 4.2% so every day will have an interest from 5000 € which is 210€ ??? Thank you in advance for your reply greetings
5% interest is a pretty easy sum. It's 1.05 multiplied by the amount of cash you have, but remember these rates are based on assumptions of a whole year, and rates do change
hi, the interest I ear from my uninvested cash, would that be added into my free funds amount? or is it stored somewhere else, not sure how it works. thanks
I can't tell you what you should invest in unfortunately. VWRP could be a good long-term choice. Also, no need for an invest account, unless you have more than £20,000 to invest per year, or just get a lot of free shares. Doesn't hurt to open one and leave it empty.
@@Dr.JubairsFinance thank you so much your videos help me making my decisions so much easier and could you also make a video on about your isa portafolio
Should I be selling my s&p500 shares on Friday night and let that cash get 5% interest on Saturday and Sunday, then buy s&p500 again on Monday morning? Or would this hurt my yearly return
The interest is based on money market funds, which although low risk, are higher risk than cash. It's unlikely that you will lose money, but please be aware of the risks.
@@Dr.JubairsFinance. Thanks for your response. For example. I have bought the stocks of company around about 600€ in the invested account and 60€ in the free account. Is any risk If I enable the interest function? I don’t know about the MMF that’s why I’m asking to you. Thanks very much.
@@Jatinderchahal19In finance, you will only get more return with more risk. There is a risk with MMFs, so please only use them if you understand this risk, I can not give you financial advice.
The only way you would lose money is if your country that you’re holding currency capital with enters estate of deflation with negative rates for example the yen. So as long as interest rates are above, or even slightly above your countries inflation rate, this is a good move, all you need to do if you’re really concerned about rates is find out when the next CPI and interest rates announcements are going to take place and act accordingly For instance GBP inflation 3.9% GBP Interest rate 5% so the only way this would be a bad move is if GBP interest rates were to fall below of 3.9%
So what your saying is unlike trade republic where your cash is safe up to 100,000€ and earn interest up until 50,000€. Here your money is not safe but can earn interest on unlimited cash?
That's not exactly what I'm saying, no. Your cash is still protected up to £85,000. There is a small risk with money market funds, but it's very unlikely that you will lose all of your money.
@@deegoanator I think you've misunderstood the whole concept and therefore are getting confused. Your funds in Trading 212 are protected up to £85,000, if Trading 212 fails as a business. When you gain interest, your money is put into money market funds by Trading 212. If these money market funds fail, which is very unlikely, because in order for them to fail, the government will most likely have to fail first as it is mostly short term government bonds, then you could lose some of your money. It's incredibly unlikely that this will happen, worse things will happen before this happens, just as a perspective. Technically speaking, putting your money in your pocket has a risk too, because it can fall out, or if you keep it too long, you can lose it's value to inflation.
