RE: Bank robbery?24 Feb 2023 12:02
Gazzleberry,
I'm with you here, when there's the likes of BHP Group why have savings accounts?
I hold a smallish amount of cash but with online trading accounts allowing you to buy, sell and remove cash in minutes why have savings?
The important part is buying a diverse blue chip portfolio, companies like BHP, BP etc, but buying them whilst there cheap and sitting back and collect the dividends.
Also if you buy in your ISA's there's no tax to worry about.
It doesn't always work out though,
I am underwater on my holding here! (But I did buy them for the income!)