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How can I invest my money for safety and growth?
In a world that’s changing so fast
Although there are lots of people who have fallen on hard times this year, there a few lucky or smart investors around. Perhaps you’ve had a windfall sum of money and want to invest it, or you already have money invested where there are almost negative interest rates, or maybe you’ve been smart during the good times and now you want to invest for the future.
We have the lowest interest rates on savings for decades
Low-interest rates are everywhere. Banks, building societies, and financial institutions now have tiny interest rates on savings accounts, and in some cases, they are negative. You could find yourself paying them for the privilege of investing your money with them. An upside-down world.
Anywhere that’s regarded as a safe haven for your money is not giving much away. And property — normally a safe place to invest with good rates of growth — is under attack. Well, it is here in the UK, and I suspect other countries too. The UK government has a hole due to the pandemic of around £3.5 billion. They can only print so much money, so they want to find ways of raising taxes. This will happen globally. Up for discussion currently are taxes on all property owners, not just buy-to-let landlords.
