OT- Savings

Are there any decent guides or info to investing in Bitcoin that anyone would recommend?

 

This basically. BTC is a good investment long term, but it will be a bumpy ride with no way of knowing when the bumps are coming.

Western economies are trapped between a rock and a hard place - inflation is rising at a scary rate (6.2% is the latest measurement in the USA, and that's the official number which will have been massaged in every way possible to try and keep it low). Traditionally the way to keep inflation in check is to raise interest rates, but we have a generation raised on incredibly cheap money and should it go up more than a couple of per cent people are going to start defaulting on mortgages.

Given all of the above and the fact that the stock market is massively overinflated (stock price to company earnings ratios are at historic highs) I think you're best looking at less obvious investments, and definitely not any form of stock market tracker.

 

Yes. Don't.

 

Same here. I've had three £1 bonds since 1961, without so much as a sniff.
Ernie is a pillock.

 

Would investing my life savings in this couple of beauties be a wise move?

 

Just need to find a 6 year old millionaire called Dick Upper and you're golden.

 

I presume your relative had old bonds and no online account?

If you’ve got an online account it’s a piece of cake, I took £500 out on Thursday to buy Christmas presents and it has arrived in the bank this morning. Takes a minute to withdraw.

Sorry to hear you had a **** time btw, life is stressful enough without idiots playing silly buggers.

 

In the same way that tipping your life savings into BTC would be bad advice, so is this.

 

There's a fair bit in the crypto thread and YouTube/Google is helpful if u view it carefully. But there's no way round it, crypto is pretty much gambling, what you invest in decides your odds. So whilst BTC is a risk it's one of the lesser risks.
You don't want to put your pension on it, only invest what u can afford to lose, but the returns can be life changing.
I started putting money into BTC around 18 months ago. It's approx 8x now what it was then, I couldn't have got that return anywhere else legally, but there's been some huge ups and downs. I've lost everything I've put into other coins and made much more than 8x on other coins.
You will find it difficult to get FA re crypto as the advice from anyone who can be held accountable for that advice will always be, don't. Do your research and educate yourself would be my advice.

 

Or if you really want to roll the dice go to the biz section of the cesspit that is 4chan and stick all your money on whatever low marketcap shitcoin is currently being touted.

You'll either be a millionaire or bust within a month.

 

Sounds really bad. I've heard from a few people that you can get them fairly quickly if you have online access however.

 

Funnily enough, I had some premium bonds bought for me as a christening present, 46 years ago.

Had a £50.00 win when I was 7, and then gets a phone call today from my mum saying a letter has come for you. Now I haven't lived at home in over 20 years, so thought it was junk mail.

Picked it up from my mums, and a cheque for the life changing some of £25.00 was waiting lol

 

That's great, cheers Marc