I’ve just checked the balance of my Cash ISA and seen that I
have been credited with £26.37 interest. It’s rather nice to be receiving
interest after all those years of paying it.
It’s strange that all the while I was paying off debt and
lurking on the TMF investment boards I was pretty sure that once I’d got a few
thousand pounds saved I’d be straight in and buying shares. Now, however, I am
quite happy just to keep my savings in cash, not least because I feel that the
stock market is overheated and heading for a fall, probably sometime after the
US presidential elections. I realise that goes against the ‘strategic ignorance’
ethos preached by the HYPers but for now I just feel more comfortable with
cash, even if it is being eroded away in real terms by inflation.
Best wishes,
Gostevie
Pity the interest rate for saving is not the same as you were paying for your debt. But getting interest is sweet!
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