A repeat of last year's opportunity, but even better: postage stamps without a stated face value represent a great buying opportunity."From 30th April First Class stamps will go up by 30.4% from 46p to 60p and that Second Class stamps will rise by 38.9% from 36p to 50p." - Economic Voice.
This is at a time when interest rates on variable-rate cash ISAs are 3% or less, so even allowing for the opportunity cost of leaving money in secure, tax-free deposits, you can make a rock-solid net gain of 26.6% - 34.8%.
Buy NOW (I just did) for this year's birthdays, anniversaries and Christmas - and all your business postage.
INVESTMENT DISCLOSURE: None. Still in cash, and missing all those day-trading opportunities.
DISCLAIMER: Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog.
5 comments:
Ref: Investment disclosure. Short on Index Linked Nat Savings Certs. Crikey, I missed out on that. Sell!, sell everything! Buy baked beans and more ammo.
A David
We've still got heaps left from last time. We just don't use many stamps any more.
Didn't stampes used to be legal tender? If so, then you have just personally contributed to QE.
Anon - too much wine?
Dearieme: expensive hobby, letter-writing.
Padders - Happy to help.
We've got lots of baked beans - signs of rust appearing.
Ammo no good - sold rifle decades ago.
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