How much do PH'ers have in savings?

[okgo]

Thought it would be interesting to balance the 500 quid thread with some real world stuff from an obviously more affluent audience than the average. By savings I mean any financial holding etc that could be liquidated fairly quickly (so not pensions) - stocks/shares/bonds/cash etc rather thanRolex's and air cooled 911's

Edit - already 1 in 6 with £1m plus, obviously went too light at the top end

Edited by okgo on Monday 11th July 19:55

[vulture1]

Jesus I'm poorer than I thought I was

[marksx]

About £4.50

[ClaphamGT3]

Don't think this is going to be that representative of the nation as a whole

[Richard-D]

Or have any grounding in reality.

[bristolracer]

Just had a new kitchen

You can guess my savings balance

[grumbledoak]

bristolracer said:

Just had a new kitchen

You can guess my savings balance

Much of my "savings" is my kitchen budget.

[jm8403]

11%....1 mill...!

[Prohibiting]

I blew mine on a car. This is PH after all….

[Nickbrapp]

Wealth whispers

[okgo]

ClaphamGT3 said:

Don't think this is going to be that representative of the nation as a whole

I did hide that caveat all the way in line 3 of my OP

[NRS]

Lots of votes, not many posts!

I voted for the savings, but in reality am overall in debt due to the mortgage.

[Dixy]

"By savings I mean any financial holding etc that could be liquidated fairly quickly (so not pensions) - stocks/shares/bonds/cash etc rather than Rolex's and air cooled 911's"

I think a lot of people cant read.

[fiatpower]

NRS said:

Lots of votes, not many posts!

I voted for the savings, but in reality am overall in debt due to the mortgage.

I guess people don't want to say what their savings are! I didn't count the mortgage as if the house was sold the equity I have would increase my savings 4 fold. It also isn't a financial holding that can be liquidated quickly as the post said.

[danny0001uk1]

1m plus! Even earning 50k a year is so beyond me it might as well be 1 million a year!

[MercedesClassic]

Hold on whilst I ring my private bank in Zurich and ask them to read out the list of numbers really slowly

[superlightr]

MercedesClassic said:

Hold on whilst I ring my private bank in Zurich and ask them to read out the list of numbers really slowly

Should you not ask your head Butler to ascertain that?

[ClaphamGT3]

superlightr said:

MercedesClassic said:

Hold on whilst I ring my private bank in Zurich and ask them to read out the list of numbers really slowly

Should you not ask your head Butler to ascertain that?

The head butler is domestic staff you ignorant peasant. It would be the CEO of the family office who would ring the bank in Zurich - obvs

[Countdown]

superlightr said:

MercedesClassic said:

Hold on whilst I ring my private bank in Zurich and ask them to read out the list of numbers really slowly

Should you not ask your head Butler to ascertain that?

Damn. Imagine being so rich you have a different Butler for each part of your body.....

[fat80b]

Isn't a measure of savings alone misleading as it is possible to have a large savings pot alongside a large debt (and most people probably do if they have a mortgage / car loan etc).

i.e. We took a bunch of cash out of a house and had it in a savings account for a while. We'd be able to tick a big number for the purposes of this thread but it doesn't tell the whole story.

Me personally, I track my overall net worth over time. i.e. sum up all assets and deduct all big liabilities. It's the equivalent of a budget version of the Times rich list calculation.....

Things I include : houses, cars, savings, stocks and shares, pensions, (mortgages) etc.

This way, you can measure overall growth over time which is somewhat different to the "savings pot" component alone: which is really just a measure of cash flow at a moment in time.