What are the safest places to put your savings in 2009?
Poll: What are the safest places to put your savings in 2009?
Total Members Polled: 218
Discussion
loafer123 said:
speed_monkey said:
Could add "number plates" to the list
Why?
williamp said:
Classic cars. No-one has a crystal ball, and noone can accurately predict whats going to happen (another 911???). So you might as well invest in something you enjoy. That way you'll get some pleasure from it evemn if it loses value.
Oh, you're thinking long-term, right?
How do you define long-term? I mean 'safest' as in 'I intend to live for a few more decades' sort of way Oh, you're thinking long-term, right?
speed_monkey said:
loafer123 said:
speed_monkey said:
Could add "number plates" to the list
Why?...you don't sell them for a living, do you?
loafer123 said:
speed_monkey said:
loafer123 said:
speed_monkey said:
Could add "number plates" to the list
Why?...you don't sell them for a living, do you?
Poll findings so far suggest the majority support paying off mortgage/loans.
If possible to completely pay off your mortgage, fair enough...but if your savings don't allow that, then I reckon it's quite risky to tie up all your savings in your mortage at this time.
Remortgaging (getting cash back out in the event you need it) could be difficult in the current climate.
I think it best to be prepared for a period of unemployment. That will include being in a position to meet mortgage payments from savings, for between 6 months to a year.
NB. Just my thoughts, not meant as financial advice.
If possible to completely pay off your mortgage, fair enough...but if your savings don't allow that, then I reckon it's quite risky to tie up all your savings in your mortage at this time.
Remortgaging (getting cash back out in the event you need it) could be difficult in the current climate.
I think it best to be prepared for a period of unemployment. That will include being in a position to meet mortgage payments from savings, for between 6 months to a year.
NB. Just my thoughts, not meant as financial advice.
Get Karter said:
Poll findings so far suggest the majority support paying off mortgage/loans.
If possible to completely pay off your mortgage, fair enough...but if your savings don't allow that, then I reckon it's quite risky to tie up all your savings in your mortage at this time.
Remortgaging (getting cash back out in the event you need it) could be difficult in the current climate.
I think it best to be prepared for a period of unemployment. That will include being in a position to meet mortgage payments from savings, for between 6 months to a year.
NB. Just my thoughts, not meant as financial advice.
I agree.If possible to completely pay off your mortgage, fair enough...but if your savings don't allow that, then I reckon it's quite risky to tie up all your savings in your mortage at this time.
Remortgaging (getting cash back out in the event you need it) could be difficult in the current climate.
I think it best to be prepared for a period of unemployment. That will include being in a position to meet mortgage payments from savings, for between 6 months to a year.
NB. Just my thoughts, not meant as financial advice.
Also, if we do eventually hit a period of higher inflation, having a few debts wouldn't be so bad...
Looking back I should have plunged all my savings into dollars about 6 months ago, would've been a nice little earner.
Personally I'm now loathe to invest in anything that's in the hands of bankers/stockbrokers. Too risky, those of us at the bottom of the investment foodchain are the first to get shafted.
Dread to think what the next pension statement will say. It's one of those "Defined Contribution" sh*tepiles... had I started with the company 6 months earlier I'd be on final salary and laughing at silly twunts like me who are stuck with the DC cack.
One things for certain, the clients may well all end up getting rogered but the "trustees"/"fund mangers"/whatever they call themselves this week won't fail to do well out of it
Personally I'm now loathe to invest in anything that's in the hands of bankers/stockbrokers. Too risky, those of us at the bottom of the investment foodchain are the first to get shafted.
Dread to think what the next pension statement will say. It's one of those "Defined Contribution" sh*tepiles... had I started with the company 6 months earlier I'd be on final salary and laughing at silly twunts like me who are stuck with the DC cack.
One things for certain, the clients may well all end up getting rogered but the "trustees"/"fund mangers"/whatever they call themselves this week won't fail to do well out of it
Edited by Jonny_ on Monday 22 December 21:55
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