With the FT100 Index at around 6500 is it time to bank some profits?
This is around a 10% gain from the beginning of the year and around 28% up from the 2012 low.
There are some pretty compelling reasons why the market may continue to power ahead but to be able to bank 5 x the interest on a whole year’s deposit account in just 3 months must be worth thinking about!
Just make sure that any money you may need to spend in the next three years is safely on deposit and not subject to fluctuations in value even if interest rates are appallingly low!
If you have money on deposit and are looking for a better home for it – it may be safer to phase it into share type funds over the next 3/6 months rather than putting it all in at once and risking a sharp correction.
If you need any more information, feel free to contact me.
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