Where would YOU put money for five years? This is Money podcast

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 26 August 2023

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Many people may be feeling in a state of financial flux at the moment and wondering where to put their money.

And it's not an easy choice. Savings rates have improved, gold is holding steady, but property prices are slipping and stocks are sticky.

And that is just some of the myriad of options Britons are contemplating right now, alongside other areas such as overpaying the mortgage or saving for retirement.

So, where would you put your money for the next five years? That’s the question the This is Money team put to the experts – and our readers – with a mixed response.

Georgie Frost, Simon Lambert and Lee Boyce reveal what they told us, the results of a reader poll and how they’re grappling with these big financial decisions.

Could unloved and cheap investment trusts be the answer? Simon runs the rule. Premium Bonds have been boosted again – Lee reveals why they are giving them a headache.

And NS&I have boosted its green savings deal to 5.7 per cent. Is it a good deal now?

Elsewhere, Ofgem has announced the new energy price cap for October 2023 will be £1,923. What does it mean for households – and why are many still facing higher bills this winter regardless?

Loyal listeners may might remember a few years ago predictions from a chap called Fred Harrison - a housing market crash in 2026.

The British author and economic commentator identified the 18-year property cycle and believes it can accurately predict the next house price crash.

But have today's inflation and high mortgage rates thrown the cycle off track?

And property prices have become less expensive relative to average earnings, according to new data – but there’s a sting in the tail: higher mortgage rates mean homes are now LESS affordable.

Finally, would you pay £25million for a car?

Transcript

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0:00.0	Welcome to This Is Money Podcast. I'm Georgie Frost and joining me and Simon Lambert today is Lee Boyce.
0:08.7	And coming up, now that the energy price cap is coming down, we'll all be flush with cash.
0:14.0	But where should we put our money now? Shares, cash, property, gold, unloved investment trusts.
0:19.9	NS&I is hiking the rates on premium and green
0:22.3	bonds, so what about there? We asked the experts. Also today, loyal pod listeners will remember
0:28.1	the House Prize guru we spoke to two years ago, whose 18-year cycle theory predicted a crash
0:33.5	in 2026. But have high rates made it sooner, or is the worse yet to come? Plus, why would anyone
0:41.3	pay $25 million for a car? Don't forget you to up to date with all the latest breaking money
0:47.7	news, just go to this ismoney.co.uk or download the app. Don't forget, you can stay on top of
0:53.7	what's going on in the markets by tuning in to the Digest and Invest podcast by Itoro.
0:57.7	Go to your regular podcast platform and listen on the go.
1:00.3	Digest and Invest by Itoro, the podcast for those interested in trading and investing.
1:04.4	But first, Simon and Lee have been promoted, which goes to show all of that knowledge, genius that they have
1:12.6	packaged into this podcast has been recognised and they are now, what, Lee, you're now editor
1:19.8	and Simon is publisher of This Is Money. Congratulations, lads, well deserved. So, dear listener, you are in very good hands, but then
1:30.0	you knew that, of course, anyway. Right, knowing where to put your money right now isn't easy.
1:35.9	Everything has an element of risk. The stock market is erratic. Property prices are shaky and
1:40.5	inflation has outpaced every single savings rate for almost two and a half years now.
1:45.9	And there's no guarantee the price of gold will go up either. So where would you put your money
1:50.9	for the next five years? Well, this is money you've been asking the experts. Welcome editor Lee.
1:58.0	Welcome publisher Simon. Who did you talk to? What did they tell you? You've
2:02.8	gone, you've also got a poll on there where would your readers put their money. So while you're
	...

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