Im almost ready to put some funds in the trading 212 offer but off course not until i find a financial advisor to guide me with the entrance and exit.

@BrainHarrow

4 күн бұрын

Smart thinking. I recomend Svetlana Sarkisian Chowdhury for you.

@CatherineAlas-ys8rn

4 күн бұрын

WOW!! My advisor for 4 years now has been this same "Svetlana Sarkisian Chowdhury. Its really good to see other people who uses her too.

@BridgetNelson-di9kc

4 күн бұрын

Please guys how can one find this "Svetlana Sarkisian Chowdhury"? I will be retiring in two years and Im in dire need of some management on my much larger portfolio. Don't want to take any chances.

@CatherineAlas-ys8rn

4 күн бұрын

I found her on Bloomberg where she was featured, but you can easily look up her name on the internet. she is quite popular in the industry.

@ReyanBenson

4 күн бұрын

Thank you so much guys for this recommendation. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

Excellent info. Probably going to 212 in April, really good to know.

Thankyou so much for explaining.

This week Plum and Moneybox increased their rates to 5.17% AER and 5.16% AER respectively.

I make use of this as it’s a great place to put the money before I move it into my S&S ISA on the 6th April 😊

@OH2023-cj9if

2 ай бұрын

Is it free from tax on interest? Or can that interest be paid in to the ISA?

@B0NES1000

2 ай бұрын

@@OH2023-cj9if it has an invest ISA yes

@gilcarag274

Ай бұрын

@@OH2023-cj9ifyour cash already sits in the ISA before being invested so it’s tax free.

Tip: it's possible to max the Santander Edge Saver (£4k @ 7%) and not pay any fee. This is achieved by simply not setting up any direct debit on the associated Edge current account.

@Mazwell96

2 ай бұрын

but i thought you only open the saver by having an edge current account, the edge current account requires 2 direct debits and a £3 monthly fee

@adrianl5899

2 ай бұрын

@@Mazwell96 You definitely need to have an Edge current account in order to open the Edge Saver. However, you don't have to have direct debits on the Edge current account if you don't want to. With no direct debits, you won't pay a fee (and obviously don't earn cashback on direct debits, since you have none). All 3 adults in my family do this, as do countless people on Moneysavingexpert (where I learnt to do it). The previous Santander offering worked exactly the same before Edge came about, and it still works.

@adrianl5899

2 ай бұрын

@@Mazwell96 My reply seems to have disappeared. Anyway, the terms of the Edge current account say they'll start charging the current account fee when you meet the criteria for cashback... so if you never set up direct debits on the Edge current account then they don't charge a fee and you can still use the associated Edge Saver. If anyone does join them via the switch incentives though, which often stipulate DD do need to be switched in, then that's different.

So if I’ve enable the internet on cabs and then decide to disable the Interest in cash will I get my fscs protection back

If I had a S&S ISA with T212 in FY22 and then opened a new SSISA with a different provider. Can I still opt into the interest offer on my SSISA with T212 and it won’t impact my ISA allowance?

Thank you so much. I too wondered why they want me to press the “I want interest” button. I just thought so far I keep the total amount (investment and cash) below £85k my money is covered if they go bust. It’s concerning to know that it’s at risk. I’ll keep to normal savings.

@mrhiccups2470

Ай бұрын

i thought it was safe as long as its below 85

@matejsalat7291

Ай бұрын

I have contacted support and asked about whether you lose the right to FSCS when getting interest on uninvested cash and I received this response: "No, earning interest on your uninvested funds does not affect your right to FSCS protection. Your funds and assets held with Trading 212 are still protected by the Financial Services Compensation Scheme (FSCS) with compensation coverage of up to £85,000, even if you choose to earn interest on your uninvested cash." So I believe you are safe :)

@mrhiccups2470

Ай бұрын

@@matejsalat7291 Hi thank you does this apply for the qmmfs? as in its protected up to £85,000

@_.Madness._

Ай бұрын

@@matejsalat7291 Then what is the catch? 🤔

@webopius

3 күн бұрын

@@matejsalat7291 It's only the element of your cash that in banks that is protected. From the Trading 212 Interest on cash FAQ page: "Money placed with a QMMF is treated as an investment and not as money held with a bank. In the unlikely event that the QMMF fails to maintain their low-risk strategy, as with any investment, the protection will not be available. We carefully select all QMMFs to ensure that they are highly liquid, stable in value and maintain their highly regulated status." and "You can see your cash holdings in QMMFs and banks through the app's interest on cash dashboard, and in the 'Cash in banks' and 'Cash in QMMFs' sections of your account activity and monthly statements."

Great vid! Thanks for the breakdown

Does any money sat in cash come under the ISA wrapper if you hold one with T 2-1-2 and have spare capacity in there? Or are you still liable for any income tax if you go above the thresholds?

Most if not all of the execution-only stockbrokers have resumed paying interest on uninvested cash but their rates are much lower than this, typically 2-3%.

@sender5804

3 ай бұрын

most pay you nothing

@petehiggins33

3 ай бұрын

@@sender5804 The ones I checked, Hargreaves Lansdown, Interactive Investor, Barclays Smart Investor and AJ Bell all pay interest on uninvested cash.

I like trading 212 but they don't offer a SIPP so I'm on freetrade instead. But I like some features of trading212 such as profits from loaning your shares

Using T212, getting the 5.2% and 1% cashback for deposits. I'm not getting that much return anywhere else at the moment.

Thank you - great info

now that's interesting, that's now how I understand it, you have 2 options with T212, CFD's (avoid like the plague) and Stock and shares ISA, once you open the ISA and put your money into that, then you should be protected.

@Dosh__

3 ай бұрын

Depends on what you mean by protected. You either put your money into Stocks. This can go up or down. Or leave it as "Cash". Trading212 then invest that in Money Market funds, which are ultra short term bonds, which pay interest, close to SONIA. This has very minimum risk and is not protected by FCA/FSA.

@ggoog1845

11 күн бұрын

@@Dosh__ how confident are you that it isn't protected by FCA? I saw a video saying that it was up to £85k and read that in many places also, but I am dubious about it.

@Dosh__

10 күн бұрын

@@ggoog1845 A little complicated now that T212 have introduced Cash ISA. If you have cash in their GIA or Stocks and Shares ISA then my above statement applies. But if you stick your cash in their new Cash ISA then you are FCA protected. All pay the same rate of 5.2%. I think now you can also move your cash from S&S ISA (unprotected) to Cash ISA (protected) and vice-versa, provided both add up to your ISA allowance or less.

@Dosh__

10 күн бұрын

@@ggoog1845 The risk is very low in having cash in S&S ISA or GIA, which is why T212 ask you to opt in to get the 5.2%, because then they invest your money in money market funds as explained before. If you don't opt in then the cash sits in their bank and is fully protected.

@Dosh__

10 күн бұрын

@@ggoog1845 In both S&S ISA and GIA accounts, if you *don't* opt in to the 5.2% interest then your cash is protected as they hold this in a bank. If you do opt in then they invest your cash in Money Market Funds, which has a very low risk. That is, your money is *invested* and is not "real" cash. If you invest in their new Cash ISA then it is FCA protected.

Really hard to beat, but ofc MMFs are outside the comfort zone of most people

@tf2368

3 ай бұрын

Money market funds, what a boomer

@NightElff88

3 ай бұрын

QMMFs > MMFs. QMMFs are totally safe.

@paulevans2246

3 ай бұрын

Ofc?

Ulster bank also offers 5.2% on balances over 5k

@BeCleverWithYourCash

3 ай бұрын

Yes, though you now have to be an Ulster bank current account holder to get this

@pri5748

3 ай бұрын

Shit, didn't know this

For me a MMF is a no brainier in a isa if your balance is large enough and you are looking for income only.

that speed at the end of the video made me laugh so hard!

Is the Cash ISA FSCS protected (as opposed to the uninvested funds in the S&S ISA pot)?

Great video, thank you

What about interest earned on this uninvested money which earns interest of 5.20%? Will it be taxable?

Seen other things saying Trading 212 cash ISA is FCS protected to 85k. In theory if I put 10k in it could go down? I thought it was covered and acts the same as a bank eg guaranteed interest

Do you lose FCS protection on just the 5.2% cash or on your entire portfolio?

If I turn off the Earn interest on savings in the app, do I regain my protection on my money again? Thanks!

@Andy-si1pl

17 күн бұрын

I did that and before 100% of my money was in QMMF and 0% in bank. Now it has 0% in Bank and 0% in QMMF so I aint got a clue!!

Thank you for invaluable information. I never read small print and will never knowingly open a "bank account" where you loose fscs protection! I would have opened your video with this and not wait until 6min 30sec.

Are you using your annual ISA limit by parking cash into this account? Also, are there any fees for this?

@joshfunnell1858

2 ай бұрын

Yes, uninvested cash also makes up part of your ISA utilisation, and no, there are no fees I am aware of.

My Halifax regular saver offers 5.5% interest, yes there are restrictions but I’d rather use 212 for my stocks and shares. The Halifax one isn’t easy access but I’d rather it that way.

@OH2023-cj9if

2 ай бұрын

But your regular saver only pays half the advertised rate on the total amount you invest in a year. It's due to how the rate is calculated. I got scammed by first direct offering 7%, I only got 3.4% on 3600 in a year.

@OH2023-cj9if

2 ай бұрын

You can get easy access accounts at near 5%, why bother with regular savers?

@James-zu1ij

Ай бұрын

@@OH2023-cj9if These type of accounts are only good for the first and second deposit. you can put the max amount in for the first 2 months and then reduce you contributions to a minimum. Then seek out a another bank account and do the same thing with that. i.e put small amounts scattered among different accounts

@beat2befit

Ай бұрын

Which easy Access account offers 5%? ​@@OH2023-cj9if

Trade Republic gives 4% interest rate with easy access too, is it the same case you're covering here? You also have an extra step to get that interest so im wondering if it's the same case as here.

Hi Andy please could you cover their new T212 debit card in an upcoming video, I have been considering it and would like to know your thoughts

So it wouldn't be covered by the fscs ?

@GavinLawrence747

3 ай бұрын

no

@OH2023-cj9if

2 ай бұрын

The money sitting doing nothing until you use it to buy shares with is not protected if you ask T212 to invest it until you use it.

Keep in mind that they also offer that in ISA account so you DON"T pay any tax on this interest! If you do with bank, with normal savings account, you'll be paying it

@JamesVWorld

Ай бұрын

Your Trading212 card is restricted to your non-ISA account on the app, so your interest is not held within your tax wrapper.

@paulf3353

Ай бұрын

@@JamesVWorld I'm not talking about card. I don't even have their card. You can get this yield by enabling interest on cash on ISA account, which is huge, that's what I'm talking about.

@ThomasTube0303

Ай бұрын

Hi Guys..I Have Used Up My ISA Allowance For This Year. I Will Put In Say £1K Into Trading 212 , Dabble Say £500 For The Year And Keep The Other £500 For The Interest.Paul I Understand What You Are Saying But I Think The Interest Rate Is Variable My Bricks And Mortar ISA Is Fixed For 1 Year But The Rate Is Lower Though. The FSCS Protection Is Very Important (Northern Rock) So While I Am Willing To "Invest" 1K I Think A Lot Of People Are Going To Be Worried About The Up To Max £20K Especially If It's Just Sitting There For The 5.21%

@paulf3353

Ай бұрын

@@ThomasTube0303 Of course it is variable, it is based on BOE base rate in a first place. The benefits of having it in T212 Isa is pretty simple - you can take it out at any time, it might be important to you or not. If you've used up your isa - it is irrelevant to you. If you are worried about brokers collapsing, I suggest to use US brokers instead, like IBKR, they also pay interest and you're protected by half a million I think.

Trouble with using 212 for cash is the lack of FSCS protection, and the fact that lump-sum investing tends to out-perform PCA knocks out a real use-case for holding a pot of 212 "cash" in their trading app system.

Do you know much about CSH2 which I believe is a money market fund also? I think its about 5.1% so very similar for people on other platforms?

@campbellgray7553

2 ай бұрын

It's a MMF I use it on interactive brokers, it tracks the SONIA rate of the bank of england essentially.

It's wrong about losing the FSCS protection. You don't with the cash that is "in the bank" - it's in their FAQ. Mine has been 100% bank since I transferred my ISA a couple of months ago, apart from today when I sold some shares and it's dropped to 92%. I expect it to move back up towards 100% in the coming days.

Well done Andy Is it just the cash sitting in the account that’s not protected or the stocks and shares as well.

Answer appears at 6.35

Thanks for this video, I've decided not to enable this due to losing FSCS protection, that's really shady

@OH2023-cj9if

2 ай бұрын

You don't need it, most will pay £20,000 IN and use it straight away to invest.

Are trading 212 fscs approved. In other words is 85k covered by the government if they go bump?

Trading 212 shows you what % is in a bank account and % in QMMF. Currently mine is 100% bank accounts, and so is FSCS protected.

@user-ec7oe1bl8y

25 күн бұрын

Mine is 100% in the QMMF all £20k of it wtf

@fraggr6913

24 күн бұрын

@@user-ec7oe1bl8y mine is 100% QMMF now too, it changes almost daily.

Are you still FSCS protected with Stock holdings to £85K if you op into the 5.2% interest? Also can you op out of it?

So if i deposited £1000 on trading 212 sia account. How often would i be making 5.2% of £1000?

The Ulster Bank loyalty saver account pays 5.2% if your balance is over £5000, not up to £3000 which I think you mentioned

Is this rate also available on their S&S ISA?

@NightElff88

3 ай бұрын

Yes, that's the whole point

@Casualclips17

3 ай бұрын

Yes I use it in mine very happy so far

Considering they are potentially investing this money will the any profits generated from uninvested cash be considered for annual CGT or interest allowance?

@Chris-ty7fw

11 күн бұрын

no

If T212 goes bust and you have money in their 5.2% MM fund - who gets paid first and who gets paid last?

If i put 10K as uninvested cash in ISA account in trading 212, will the interest earned be tax free (as its a ISA account)?

@CleverContrarian

3 ай бұрын

Yes a stocks and shares isa can hold cash and make tax free interest just like a “regular” cash isa

@philzvids3577

3 ай бұрын

As someone holding a Trading 212 stocks and shares ISA, but also a novice, I would say the answer is no. You transfer money to Trading 212 and it sits there. If you haven't signed up to the 5.2% interest discussed in this video then you get zero interest. If you do sign up, then you are liable for tax if you go over the interest earned threshold. As soon as you invest the money into the stocks and shares ISA, your profits from that are tax free. Just be aware that if you buy UK shares you pay 0.5% stamp duty at the time of purchase. Blame HMRC not Trading 212. If you buy USA shares then there are different charges for money exchange. Trading 212 sort all this out for you and it is really easy.

@philzvids3577

3 ай бұрын

@@CleverContrarian I don't believe this is true, but I'm happy to be corrected. Money transferred to Trading 212 sits there until you specify which shares you wish to purchase. If the money is uninvested it is not in the ISA. I see no mechanism to push the money into the stocks and shares ISA without specifying exactly how it is to be invested.

@ILOVEGERMANTECHNO

3 ай бұрын

@@philzvids3577it’s categorically tax free and does not utilise your personal savings allowance.

@bagballgolf2406

2 ай бұрын

Once your money is I'm an isa whether it be cash or stocks and shares isa, its tax free whether the money be invested or not at any given time it is still in the tax wrapper of the isa, you are not fscs protected for the cash side once you opt into he 5.2% as it's invested possibly in a qmmf, bit all stocks or etfs bought are ringfenced and are protected shoukd something happen to t212

About 80% into this YT video you verified what I presumed to be the case - this financial service company is in the UK. My request for you and all similar KZreadrs is to state right at the beginning of the video what jurisdiction you are educating about. US, Canadian, Australian - they all make this same ommission.

I think the main benefit is that its 5.2% interest on unlimited balance and it does NOT count toward your interest allowance if held in their ISA account... I dont think anything else can beat that at the moment?

@TheWealthUniversityOfficial

3 ай бұрын

It’s the best.

@ch0293

2 ай бұрын

Just don't keep much money in while you keep investing

@JamesVWorld

Ай бұрын

Your card is limited to your non-ISA account, so you're not protected by your ISA wrapper

@davidg9866

Ай бұрын

@@JamesVWorld I'm saying when held in the S&S ISA though, without using the card

@stewartdahamman

Ай бұрын

Still limited by your ISA limit

Chip isa now 5.10%.

@kinggeoffrey3801

Ай бұрын

They also want access to your other account and watch how you spend your money. If that doesn't scream alarm bells nothing will.

Hi, in the entire video, you didn't explain if this interest is taxable if it's more than £500. Can you please clarify this? Thanks.

@Zimpaz

25 күн бұрын

It is in their GIA and not in their isa

Lightyear is 4.5% they take a 0.75% fee. not sure of its put into a MMF though

So the whole amount including the bank savings but isn’t covered ? 212 say it is ,

Thanks, really useful video!

So if your lose the FCFS protection on the "uninvested cash" when earning the 5% interest rate. Are you still protected on your invested cash?

@robson15rc

3 ай бұрын

No because it’s invested into something, the investment could go up or down or the company could go bankrupt, ultimately leaving you with nothing

@crg92

3 ай бұрын

@robson15rc yeah I get that but for instance if Trading 212 went bankrupt one day.. would I get my invested cash back?

@robson15rc

2 ай бұрын

@@crg92 they should move to another provider I believe but I can’t remember what the exact procedure is, because you have actually bought the underlying asset.

@krishopkins8899

2 ай бұрын

​@@crg92Your shares would be safe. Trading212 don't own your shares, it could take a couple weeks to get them back.

20k in NS&i or 20k in 212 for the interest?

@OH2023-cj9if

2 ай бұрын

212 definitely for stocks and shares isa.

What are your thoughts on the idea of converting spare cash into csk (Czech crown) to get the 6% interest? Poland and Hungary also have good rates on here (6 and 7% respectively), but I'm using csk asy example as I travel there regularly, and I know the exchange rate is pretty stable. The fee for converting two ways (to brown, then back to euro when needed)would be covered in the first week. A seventh of 1%.

I’m sure they can offer a great return, as you do a forex trade like 270,000 GBP/USD and you take the green, then you do the same trade 4.5 minutes later, same direction, almost identical but suddenly your stop loss triggers and you say WHAT!! WHAT HAPPENED ! When your statement comes you notice the 3,520% increase in the mark up (very liquid mark up) on the spread !!

Can i check if this is still up to date advice? On their website, it does call out....Question - Does FSCS still cover me?. Answer - Yes. If Trading 212 fails, the value of your assets is protected up to £85,000 by the FSCS. This is under the 'pay interest on cash' section.

@evultoad4

Ай бұрын

This is from the FAQ’s Where we hold your money with a bank, you are protected by the FSCS up to a limit of £85,000. Learn more about how your money is protected here. Money placed with a QMMF is treated as an investment and not as money held with a bank. In the unlikely event that the QMMF fails to maintain their low-risk strategy, as with any investment, the protection will not be available. We carefully select all QMMFs to ensure that they are highly liquid, stable in value and maintain their highly regulated status.

I'm with zoopa it's 5.07% seems good so far wernt sure weather to go over to t212 but needs to be safe I don't like risk of losing my money

do you only lose FCFS on the saving element? Investments are still protected right?

Is it covered by Fca insurance policy?

@robson15rc

3 ай бұрын

No

🔥🔥🔥

Trading 212 say they have plans to launch a cash isa at the same rate in May.

@wafflecat8125

Ай бұрын

trading 212 seems don’t offer cash ISA right now?

@simonpackham5780

5 күн бұрын

... but do now! Is the Cash ISA FSCS protected (as opposed to the uninvested funds in the S&S ISA pot)?

So i have 20k imvested in stocks in trading 212. I switched the 5.2% interest on when i had spare funds. Is my invested cash still protected?

@benjaminvolant2469

3 ай бұрын

No longer protected by the FSCS. That's the catch with qualifying money market funds.

@blackie1939

2 ай бұрын

Invested cash (stocks and shares) isn’t protected by the FSCS anyway. You own those stocks, not T212

@OH2023-cj9if

2 ай бұрын

Did you not watch the video?

@James-lq1po

2 ай бұрын

@@OH2023-cj9if tbf the video doesnt really cover that qu. Investments aren't covered by FSCS anywhere. Sounds like waiting cash would be if you dont opt in.

@_.Madness._

Ай бұрын

Your 20k is gone I am afraid.

I have an interesting question if anyone is willing to share an opinion. Say you have 50,000 that you want to put into the S&P 500. statically lump sum wins DCA more often than not in terms of returns, but I’m lead to believe that those studies are assuming no interest on the spare cash while DCAing. What if while you DCA you park the spare cash in trading212 for the 5.2% interest?

@blackie1939

2 ай бұрын

You could DCA the lump sum as well? Leave it as cash and then 2000 per month into the S&P

@darrenleggatt9345

2 ай бұрын

Yea but can only put 20k in a isa per tax year

@OH2023-cj9if

2 ай бұрын

Don't use abbreviations, you might know what they mean, no one else does. Plain language will do.

Really useful info, especially as I was about to open a 212 isa account as my Vanguard isa is over FSCS limits. First world problem I know but I just want to take every precaution possible. If I go with 212 but don't tick the box for extra interest, is the cash held protected by FSCS regs? Be great to know. Thanks for the info.

@jennyverano5576

2 ай бұрын

For how long have you had the account?

@OH2023-cj9if

2 ай бұрын

You are not listening! The money he is talking about is money sitting doing nothing until you start buying shares etc. The stocks and shares ISA is protected.

Is it worth changing your money to Hungarian to get 7%?

Niw who on earth will keep money on an investing platform without investing it. There are shares to be bought every day/ week. Get those dividends in

Is there a withdrawal fee with 212?

@B0NES1000

2 ай бұрын

No fees, There wasn't for me last year' but Now I would not know, as I withdrew everything just before the crash last year. I bought GOLD instead.

@imrxnz2531

23 күн бұрын

​@@B0NES1000 if I type gold on trading 212 I get more than one option. How do I determine which one is the one to buy?

You have forgot the 20% witholding tax in a general investment account that T212 implement. That puts is at 4.1% unless you use an isa

@cianog

3 ай бұрын

No withholding tax in the U.K

@ElectricWatts

3 ай бұрын

@@cianog Read the terms and conditions, they withhold 20% to pay to hmrc

@cianog

3 ай бұрын

@@ElectricWatts MMFs in a isa are tax free.

@crazybanditt

2 ай бұрын

His first comment literally said “unless you use an ISA”..

@OH2023-cj9if

2 ай бұрын

They do not pay HMRC as there is no requirement to or agreement between T212 and HMRC to collect tax on their behalf. If T212 are telling you they do, it needs investigating when you get a tax bill. I had my tax code adjusted because no bank or savings provider pays your tax for you in the UK. They INFORM HMRC how much interest you make as that IS a legal requirement. It's for the person to pay tax, so I would send your evidence about T212 to FCA for urgent investigation.

Are they SIPC protected

@chris-jh4cx

19 күн бұрын

No, but Robinhood is.

@nikhilmodha8650

18 күн бұрын

@@chris-jh4cx no one using robbing hood brother

Hello all .. can someone help me please .. what interest can i exoect if i put, say £10,000, in a 212 trading account for say a period of 30 days? Thanking you in advance

@Andy-si1pl

17 күн бұрын

about £43 (in 12 months you would get £520 on £10000 at 5.2% so divide that £520 by 12) T212 will tell you how much daily interest you can expect for the amount you put in

I appreciate you are not an investing channel, but if I might add, a lot of money market funds are currently paying closer to 5.5%. This is essentially a MMF with poor terms.

I dont lose FSCS protection on the ETFs I hold do I just uninvested cash?

@_mklein

3 ай бұрын

Just in the uninvested cash

@user-yl9cl2kj3r

3 ай бұрын

ETFs are not covered by FSCS, only UK investments are covered and ETFs are domiciled in Ireland.

@OH2023-cj9if

2 ай бұрын

I can't believe how many people have difficulty understanding what I thought was a very clear plain language explanation. Watch the video! Why does everyone post the same question and want the answer typed out over and over. What is it you all don't understand?

What are the tax implications, is this seen as taxable interest counting towards your savings interest allowance?

@SteveHasACamera

3 ай бұрын

I reckon, inside your S&S ISA, No. In a General Investment Acc, Yes. - Not an expert.

@simonwl

3 ай бұрын

Good question! As it's not a savings account then I don't think it's liable for PSA tax. It may be liable under the dividend allowance tax though as the money is actually being invested in a Money Market Fund.

@BeCleverWithYourCash

3 ай бұрын

It’s treated as interest, so counts towards your savings allowance in a general investment account

i have a easy access santander saver at 5.08% the small gain with lack of FCS protection doesn't seem worth it.

@Stillbusy105

2 ай бұрын

Yea but that is changing to 4.2% soon

@HBS444

2 ай бұрын

@@Stillbusy105 indeed wasn't at the time i posted it though. 212s rate will also drop inline with with the base rate drop probably before santanders do as they are obliged to give 2 months notice.

Stick in in snp500

@johnnicholson6571

2 ай бұрын

Uninvested funds in S&P500? 😂

Why don't you cover investing on you channel? Is investing not being clever with your cash?

@Makalon102

3 ай бұрын

More of a casual audience and the UK population in general and maybe including him know nothing to little about investing and could alienate his audience

@SL1CKSHOT.

3 ай бұрын

Why don't you go down to the bookies or the casino im sure your win

@travellingtom6091

3 ай бұрын

​@@SL1CKSHOT. ...and your comment shows why Andy needs to guide people on the subject.

@nortonchemistry

3 ай бұрын

​@@SL1CKSHOT.Are you saying investing is like gambling because it isn't

@Raven-Falco

3 ай бұрын

Andy doesn’t investing as their is certain element of risk. Your capital is at risk. Potentially lose every penny.

So quick question if anyone can answer. If I deposit £1000 with T 212 and activate the interest payment. How much will they pay me at the end of first day ?

@elementary101Music

2 ай бұрын

About 13p a day

@prich0382

Ай бұрын

How is it 13p a day? Is it 5.2% annually? So £52 a year for the initial £1000 split over 365 days is well 14p really @@elementary101Music

better than leaving your money in natiowide bank and getting nothing. I just opened robinhood UK it has 5.0% mate

Trading 212 why they are want insurance number is this ok brother

@Divide_et_lmpera

Ай бұрын

Is it a big deal?

Why are you so sceptical of trading 212

@MrJamessell30

2 ай бұрын

I love Trading 212 but it's always good to maintain a healthy sceptism. Especially about brands you like as you can have rose tinted glasses.

Hey mate, I have maxed my T212 ISA every year and have a large sum of cash in my personal bank account earning pretty much nothing. This cash is intended for a house but this purchase may come a month or a year from now, so I'm wondering whether it makes most sense to open a T212 general investment account, deposit the cash and earn 5.2% on it and then simply withdraw when the cash is required? Appreciate your views, thanks.

@moderndroneman

Ай бұрын

That’s what I’m doing. Just be mindful that the tax free interest allowance in the UK is £500 for higher rate taxpayers so you will be taxed on interest if you have more than £10k in cash savings. Also withdrawals can take up to 3 business days.

I'm thinking to put some cash in stocks, I was at Salt Shack and i overheard some friends saying its ripe enough, but Is this a good time to buy stocks? I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

@WelsonDas-wm4it

26 күн бұрын

Off course, but Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional.

@IsabellaEmilyWelson

26 күн бұрын

Agreed, It's essential to diversify your portfolio. While quality stocks are a solid foundation, you should also consider other assets to spread risk. Thankfully, I can attest to the success of this approach aided by professional guidance seeing my portfolio of $330k grow by 15% this year alone... maybe you should do the same.

Such a shady app 😂

Uploaded my first video on my channel today! It shows how I use trading 212 but might need to rethink my plan after watching this video 😅😂

@Divide_et_lmpera

Ай бұрын

I just watched it and commented :)

omg what about the 1% cA$H BACK

Trading 212 make a lot of money from the spread rates they more than protect your money.

DO NOT LISTEN TO THIS. YOU WILL BE CHARGED ACCORDINGLY ON WITHDRAWAL

@Stillbusy105

2 ай бұрын

What do you mean?

@dazza9859

2 ай бұрын

@@Stillbusy105he means Dirt tax presumably.

Makes me laugh when people think FCA protection makes a difference when these same people don’t even understand the risks of crossing the road or being obese. I once had a person telling me I was taking to many risks with my money whilst they were 30kg over weight. Risk perception in the average numpty is so distorted. Also the tax man will take a big chunk of your money in savings even a small pot attracts tax now.

How to make a simple question into a 10 minute ramble with no conclusion

Stick it in 212 and put it in Tesla. Not finacial advice lol

@kelle_li

3 ай бұрын

Down 18% this calendar year so far, not financial advice indeed, horrible advice.

@PeachesandCream225

3 ай бұрын

Imagine investing in a company owned by Elon Musk LOL@@kelle_li

@thejammod

3 ай бұрын

Yep. Over the long term, I'm expecting 1000 percent return. Perhaps by 2030 if not not sooner.

@travellingtom6091

3 ай бұрын

Utter madness

@esmeecampbell7396

3 ай бұрын

@@thejammodYou think a car firm with less market share than Renault and worse margins than Hyundai is going to 10x in the next 6 years? They'd need to sell more cars than Toyota to do that... meanwhile every other Auto maker is catching up now Tesla has done the hard work of getting people to care about Electric cars and have already produced cars with longer range for less money. Oh let me guess! Magic robots are just a year away, the Semi truck, the MegaPogger factories are about to be unveiled in China soon, please, the "full self driving" hasn't happened yet and that's been "only a couple years away" since 2014 🤣 You know people were sold Teslas on the idea they'd be able to rent the car out like a self driving taxi when they weren't using it, that'd it'd be the first "passive income" car that would pay for itself, still waiting for that one too!