Monzo Investment App Review
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- Опубліковано 19 жов 2024
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I do this and it’s via Blackrock. Very simple and tax free via stocks and shares isa
Very simple indeed, great for a lot of people that do not want the hassle
Do we have a video about building an emergecny fund ? should we use a regular savings account ?
I have not made one yet, thanks for the idea. An emergency fund is good in a regular instant access savings account, that you can withdraw in less than about 2 working days. Premium bonds tend to take a bit longer. Depends on how you plan your budget. I like to be super liquid with my emergency fund, so I have instant access accounts too.
@@Dr.JubairsFinance Thank you , your content super helpful !
You're very welcome!
How do get paid Early with monzo bank 😊
Hey! I've been told that ths answer is: drag and drop.
I hope that makes sense to you!
2k a month for 25 years is only 1 mil? Damn, I thought it would be a lot more. I don't think 99% of the UK can pay that figure.
I think it's just a very conservative projection
Dose Monzo pay dividends on my investments? I’ve invested £300 and want to get dividends
Hi. They don't pay dividends out, the dividends are reinvested automatically.
Those projections indicate that you rate of return with Monzo is under 5% a year. That’s absurd imo
That's based on the lowest risk product, essentially MyMap 3 or 5 (I forget which).
I think it is based on the lowest risk fund. They are also careful not to promise too much I guess.