Saturday, March 30, 2013

Eggs in baskets

With the impending arrival of significant funds from the sale of the house - and the fact that they will not be called upon immediately, the Gorse Fox and Silver Vixen have to consider the safest way in which to hang on to and protect said funds in the somewhat volatile market.

Some Premium Bonds are called for, but that only scratches the surface.

With the Government guaranteeing the first £85,000 of savings for each person in each institution - it was clear that we may need some additional accounts in order to spread our nest-eggs in a variety of baskets. To this end we trundled into nearby Goring-on-Sea and opened a couple of extra accounts (one each) with another institution. We almost have the coverage needed, but may need one further backstop - a spreadsheet is imminent.

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