The rise of the lockdown investor - tips to hunt for better returns

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 12 June 2020

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stock markets crashing tend to put savers off investing in shares, but there has been a sizeable rise in new investors in Britain during lockdown, reports suggest.

That came as savings rates plummeted (again) and people decided to go hunting for a bargain amid the stock market turmoil in March and April.

But who are these novice investors and what do you need to think about to get started?

On this week's podcast This is Money editor Simon Lambert tells host Georgie Frost what first timers need to know about building an investment portfolio - and gives some tips on easy ways to get started and why British isn't always best for investors.

Managers can invest in their own fund or investment trust, but how do you find out if they do - and whether they're buying or selling, and does it matter?

Meanwhile, Goldman Sachs backed Marcus Bank has pulled its best buy easy-access savings account – assistant editor Lee Boyce reveals why and how we are set to see rates tumble even further.

Should you gamble on taking a European summer holiday in July, August or September and if you are tempted, what do you need to know?

Euro 2020 should have been starting today, but at least for sport-starved fans Premier League football returns next week.

However, you'll need a major tournament-style wallchart if you plan on catching the action, with Amazon Prime, BBC, BT Sport and Sky Sports all having games on – how do you watch for the cheapest price?

And finally, property sales in England have started to edge up but apparently million-pound-plus homes in the country are leading the way. Are buyers really swapping Millionaire's Row for Millionaire's Lane?

Transcript

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0:00.0	Welcome to This Is Money. I'm Georgie Frost and alongside editor Simon Lambert and me today is assistant editor Lee Boyce and stock market turmoil, rubbish saving rates, forcing an army of savers into the arms of investing. Simon runs through the essentials for first-time investors with some tips for the more experienced and discusses why Britain isn't always best. Also today, does it matter what the
0:22.5	foreign office say? What you need to think about before booking a holiday, plus we run the
0:27.4	rule over new government plans to get the industry back up and running safely. Football is back,
0:32.8	but how can you binge on matches without feeling sick at the price? And rich folk dreaming of the good life, country homes worth a million plus lead the way as
0:41.8	property sales edge back up after lockdown.
0:44.5	Don't be getting set up to date with all the latest breaking money news.
0:46.9	Just go to this ismoney.co.uk or download the app.
0:51.5	But first, there's been a record rise in new stock market accounts open during
0:56.4	lockdown. It's newbie investors that are apparently driving it, a combination of low interest
1:00.8	rates being offered on savings accounts and the turmoil of the stock market as a result of coronavirus.
1:06.6	Amateurs are looking at ways to make their money go further and hopefully getting a bargain.
1:11.0	But what do you need to get started? We'll offer some tips on how to keep your ICER and pension
1:16.3	investments on track. But before that, Lee, Marcus, the absolute darling of savers, closing its
1:23.9	doors to new customers possibly go some way to explain perhaps why more people
1:28.7	are turning to investing. It's a sign of the environment, isn't it? What happened with Marcus,
1:33.1	Lee? So we've talked about Marcus, obviously, quite a bit on this podcast since it launched
1:38.4	in September 2018. It's been an immensely popular account. And what's's happened is it's had too much money pouring
1:45.6	from savers so savers have been starved of interest rates Marcus has been consistently top of our
1:53.4	independent Best Buy easy access savings rate tables and that means loads of people have piled in
1:59.0	money into the account.
2:01.0	So we warned about this a little while back because Marcus had its easy access account
2:05.9	paying 1.05%, which was still a market leader and it pretty much has always been a market
	...

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