Hi group,
I was reading this article about inflation rates:
could now be running at 7.6 per cent.
Taking the 7.6% figure as a conservative estimate of inflation, that means our money is actually shrinking even in most ISAs. Does this mean that apart from higher-risk/higher-return investments (e.g. stocks) or large capital ones (e.g. property, which is beyond my financial capacity), the best thing to do if you've got some money to spare is to transfer it overseas at a favourable exchange rate and then keep it in a foreign bank account?
Something like say Japan (0.3% 2006) or Israel (-0.1% 2006)