What else do people do with savings?

There is also Chip startup

If you are interested in investing in whisky, I’d suggest starting with more liquid (pun intended) option of investing via a fractional ownership platform rather than buying a cask outright. Would be happy to share my experience with WhiskyInvestDirect, been using it for a couple years now. DM me if interested.

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Important that people consider the LTA and the income tax payable when drawing down on a pension too.

Impossible to predict for certain given tax implications can/will change in the future but at this stage (I’m 33) I see ISA/LISA as being as important as a pension despite for having the same immediate tax/NI ‘win’ as pension contributions.

Definitely worth maxing any DC amount your employer matches though.

Does anyone invest in computer games by any chance?

I mainly invest in old console games (Mainly Nintendo)

I was thinking of buying some N64 cartridges that are already rare. Or some PS1 games or something. I’m just not sure what sort of return would get in years to come.

TBH I won’t expect much - I kinda collect them for sentimental value (Inno the stuff like Zelda and Megaman tend to go up price though)

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There are risks in collectables, if you watch shows like Antique roadshow you hear the experts say ‘a few years ago this item was very collectable but today its worth a fraction of that price’. Things can go out of fashion or lose popularity quickly.

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Il give it some more thought. Had my eye on bad fur day and silent hill. But will see.

I guess I indirectly do. As in I’ve never bought games or held on to games for the sake of their value might go up but rather for sentimental value.

However, over the Christmas period I decided to finally get around to cataloging my game collection via an app/service called CLZGames, and they use prciecharting.com to provide values for your games depending on general condition (eg loose, complete in box and New/Sealed), and its seems like i’m sitting on some fairly valuable games that could well be considered small investments.

Only thing is pricecharting provide values in US$ but do pull their values using actual data of sold items from the likes of ebay and amazon.

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Check out this article before buying more premium bonds!

https://www.moneysavingexpert.com/savings/premium-bonds/

There is a sum of bonds at which it is worth buying premium bonds but it is a ludicrous amount just to match interest rates available elsewhere - unless you are lucky, but are we investing or gambling (don’t answer that) :rofl:

Good luck investing.

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You’re in your 30s and have gold, bonds, buy to lets, and shares… I think you’re way ahead of the curve at this point. Most people barely have £1000 in savings.

As for what to do with savings. Honestly, I 100% back @Jim_mcgrain 's suggestion.

Look at the flowchart, get your emergency fund sorted, budget, sort CC’s etc. etc.

:bell: :bell: :bell:

Its all well and good until you cant pay the mortgage on your buy to let anymore for lack of a suitable emergency fund to get you through the next crash or something. The number of repossessions I saw last time was pretty large.

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Re classic cars as investments as someone who has owned several 1960s series land rovers over the years as second cars rather than investments I would say unless you have dry storage and the skills to do atleast the basic maintenance yourself they are possibly not something you should be looking at. That said a summer drive to a country pub for lunch with the canvas tilt off is priceless.

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There are ways of investing in classic cars without having to look after them. For clarity I made a small investment in this company last year. No Land Rovers yet though!

https://thecarcrowd.co.uk/

Spend them on expensive hobbies

My brother bought a 1969 Dodge Charger in the mid 90’s, he still has it, now that was a good investment :sunglasses:

Invest in yourself, books, smoothie maker, anything that can improve your wellbeing.

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Is it orange with a zero one on the doors?

Definitely not. That’s been done to death. Looks more classy in white

Here’s an old pic, still looks the same except for the wheels

image

I do like a 60s muscle car, that’s very nice.