Savings and/or Investing...

RagingKileak · 09-25-2009, 10:04 AM

Hello all,

Well I tried MoneySavingExpert and they set about me like a bunch of rabbid, over-educated, bastards!

You lot are often friendlier, so I will try here instead...

I already invest a fair bit, and I have used my tax free allowance for this year so a further cash ISA or similar is a no no...

If you had an amount of money - more so than you would normally be able to make the most of in a 'standard' type savings account where would you stick it?

Lets say I have 10k for arguments sake that needs out of my high availability account... I dont care whether I can access it quickly or not (say 60 days notice would be fine) but I dont want to lose interest on my investment for drawing out in less than say, 5 years or whatever....

Anyone got a heads up on whats hot at the moment in respect of deals like that?

Cheers
Matt

JLR1969 · 09-25-2009, 10:24 AM

I would personally put it in a fixed rate fixed term bond.

Check out Money Supermarket. I took one out with a lump sum for 12 months and got 4.5% Gross about 6 months ago.

That was with Birmingham Midshires.

Palmnuts · 09-25-2009, 10:28 AM

Just spend it!

JLR1969 · 09-25-2009, 10:30 AM

Quote:

Originally Posted by Palmball

Just spend it!

Not a bad idea.

Live now pay later.

- Paul - · 09-25-2009, 10:35 AM

Yep - spend it all! - Life is very short and can be over in an instant. Go buy a Ferrari instead of that Porsche.

Darth335 · 09-25-2009, 10:38 AM

Several Things you can do.

I am in the US, and I don’t know about UK tax law or what you are getting paid on savings, but I cannot imagine that it would be too different then here in the States.

Take a look into short term bond portfolios or funds, a mix of Corporate and Municipal bonds. Several great fund companies offer great short terms bond funds that are now paying anywhere from 3% to 4.5% or more. Because bonds do not require as much management as say a Equity fund, the expenses are much lower, anywhere from 1% to 2%, to buy in. A few companies here, DWS Funds and Lord Abbett, are both great and I am sure you can find them in the UK or something very similar. They are not protected against loss, but the principal fluctuation is not a volatile as equities, and they are relatively conservative.

If you are ok with a bit more risk, take a look at some balanced funds with both bonds and equities, or diversify between several different funds. It is a great time to get in, especially if you have a 5 year out look.

Hope that helps.

lons · 09-25-2009, 10:42 AM

Quote:

Originally Posted by JLR1969

I would personally put it in a fixed rate fixed term bond.

Check out Money Supermarket. I took one out with a lump sum for 12 months and got 4.5% Gross about 6 months ago.

That was with Birmingham Midshires.

I'm in the same boat as Ragingleak with my isas etc. so I'll check that out as well ta!

Does anyone know of a link that gives details of which banks / societies etc. are part of which groups?
I've got savings all over the place as I'm wary of exeeding the guaranteed limit and most of the rates are crap.

peterg1965 · 09-25-2009, 10:45 AM

Get a share account and start to dabble in shares... use up your CGT allowance before it gets taken away!

Be sensible, stick to FTSE100 and 250 companies, do some research and don't be greedy and you can easily make some decent money. It does take time though, if you 'do it yourself' on the t'internet. I have made a modest 15% return in a couple of months on a £10000 start up fund - could have been better and the market is generally rising. It does have risks though.... a modest form of gambling - I have made money on M&S, Tesco, RBS (high risk!), Kingfisher (B&Q etc).

Time to start will be when the market makes a bit of a retrace form its current highs.

jjbirch · 09-25-2009, 10:52 AM

Quote:

Originally Posted by peterg1965

Get a share account and start to dabble in shares... use up your CGT allowance before it gets taken away!

Be sensible, stick to FTSE100 and 250 companies, do some research and don't be greedy and you can easily make some decent money. It does take time though, if you 'do it yourself' on the t'internet. I have made a modest 15% return in a couple of months on a £10000 start up fund - could have been better and the market is generally rising. It does have risks though.... a modest form of gambling - I have made money on M&S, Tesco, RBS (high risk!), Kingfisher (B&Q etc).

Time to start will be when the market makes a bit of a retrace form its current highs.

i just wish i put some of my moneyies into lloyds tsb as they were 38p ish a share in march now there 1.08p last time i looked they were 1.20 few months ago, like a twat listening to my wife its better keeping it in the bank lol, what a life i got lol

RagingKileak · 09-25-2009, 10:53 AM

Quote:

Originally Posted by peterg1965

Get a share account and start to dabble in shares... use up your CGT allowance before it gets taken away!

Be sensible, stick to FTSE100 and 250 companies, do some research and don't be greedy and you can easily make some decent money. It does take time though, if you 'do it yourself' on the t'internet. I have made a modest 15% return in a couple of months on a £10000 start up fund - could have been better and the market is generally rising. It does have risks though.... a modest form of gambling - I have made money on M&S, Tesco, RBS (high risk!), Kingfisher (B&Q etc).

Time to start will be when the market makes a bit of a retrace form its current highs.

I have a couple of share options on the go with both RBS (at a very good rate due to former employment) and also with my current company...

I also have a stocks and shares ISA (oops) which is about 30% down on what I put in to it...

I guess this is just a way of generating some ideas really... saving gets VERY complicated I think - just now thinking of where I have money, in cars, property, savings, ISA's and shares its bloody confusing...

I think I want something more visible, secure and sort of easy this time..

Thanks for all the advice so far though guys!

Matt

Em135eye · 09-25-2009, 11:03 AM

Just had the bank manager and a FA over for the very same reason!

NFS · 09-25-2009, 11:13 AM

I'd have a chat with your bank to see what unit trust products they have at present. The markets are pretty low at the moment, so if you take a long term view (5 years plus) your money should grow above inflationary rates.

Obviously it might go down as well, so don't invest anything that you can't afford to lose.

At the moment it would be better to use your ISA allowance in stocks rather than cash. From April next year I think you can invest £10,200 in a stocks ISA with tax free interest. Cash ISA interest is a bit shit at the moment, so the tax free element is rather wasted.

The other option is to set up a share dealing account with Barclays of similar.

Do some research and stick some money into shares. The markets are still fairly volatile, so if you play things right and keep an eye on the trends you might be able to make few quid from some quick trades. In most cases, if you are down in the short term holding any shares for the next 12 months should see you back in the black.

pjs · 09-25-2009, 11:38 AM

Spread Betting

peterg1965 · 09-25-2009, 01:48 PM

Quote:

Originally Posted by RagingKileak

I have a couple of share options on the go with both RBS (at a very good rate due to former employment) and also with my current company...

I also have a stocks and shares ISA (oops) which is about 30% down on what I put in to it...

I guess this is just a way of generating some ideas really... saving gets VERY complicated I think - just now thinking of where I have money, in cars, property, savings, ISA's and shares its bloody confusing...

I think I want something more visible, secure and sort of easy this time..

Thanks for all the advice so far though guys!

Matt

I have 'day traded' mostly to generate my return. It's risky but I will not sell without making a profit... I have been stuck with Sports Direct (£4K) for the last week as they have taken a little tumble, will sell for a profit though - eventually.

My guiding principles...stick to FTSE 100 and 250 (I tried AIM shares, followed the herd and it cost me about £110 loss for the privilege!), check out the financial calendar for key trading announcments of the big companies and get in there early if you believe they will announce some good figures, and don't be greedy. Buy and then sell when you have generated a set profit - for me about £100-£150 for a £4K trade, bearing in mind stamp duty on the 'buy' and trading costs. Supermarkets, big high street names (DIY, clothing etc) seem to do ok. My other simple (but highly flawed) trick is to buy big name 'safe' shares when they fall at the end of the trading day (1615 ish) and hope they rise over the next few days - shares prices are always cyclical in nature.

Simples

rogerxp · 09-25-2009, 02:09 PM

What Peter does it bloody risky unless of course you've got the time to research all aspects properly. Most of us don't or simply can't be arsed to do the necessary.

I am an IFA so tend to build investment portfolios for my clients (amoungst life assurance, pensions, mortgages, etc). We've been getting a minimum of 10-15% over the last 3 months from our portfolios. The markets have all been on a bit of a rally so, to be honest, it hasn't been too difficult. Just a matter of having a good spread of high quality investments and getting the timing right (or just have patience). The markets are still pretty damn low so a good deal is to be had (unit price is depressed therefore you buy can more now for your money and wait for the rise).

I don't pick individual 'stock' like Peter does but I do select good high quality investment funds (pooled investments) which reduces the risk instantly.

As someone said, Cash ISAs are shite at present, all bank account are also shite (plus you get taxed on the growth). I get involved in 'Stocks & Shares' ISA and any other form of investments (Unit Trust, OEICs, Bonds, Offshore, etc) but tend to specialise more in bespoke portfolios within any of these investments.

Non of what I do are really suitable for short-term investments though. Not that you can't make money (as I've proved you can do in a short period), and not that you get penalised either, it's more due to wanting to clawback any initial charges before encashment. My investments are usually actively managed so therefore cost a little more than you regular online investment but, in my opinion, you get what you pay for plus obviously the personal touch.

I'm happy to chat to anyone on here if they want to PM me your details.

peterg1965 · 09-25-2009, 03:42 PM

Quote:

Originally Posted by rogerxp

What Peter does it bloody risky unless of course you've got the time to research all aspects properly. Most of us don't or simply can't be arsed to do the necessary.

I am an IFA so tend to build investment portfolios for my clients (amoungst life assurance, pensions, mortgages, etc). We've been getting a minimum of 10-15% over the last 3 months from our portfolios. The markets have all been on a bit of a rally so, to be honest, it hasn't been too difficult. Just a matter of having a good spread of high quality investments and getting the timing right (or just have patience). The markets are still pretty damn low so a good deal is to be had (unit price is depressed therefore you buy can more now for your money and wait for the rise).

I don't pick individual 'stock' like Peter does but I do select good high quality investment funds (pooled investments) which reduces the risk instantly.

As someone said, Cash ISAs are shite at present, all bank account are also shite (plus you get taxed on the growth). I get involved in 'Stocks & Shares' ISA and any other form of investments (Unit Trust, OEICs, Bonds, Offshore, etc) but tend to specialise more in bespoke portfolios within any of these investments.

Non of what I do are really suitable for short-term investments though. Not that you can't make money (as I've proved you can do in a short period), and not that you get penalised either, it's more due to wanting to clawback any initial charges before encashment. My investments are usually actively managed so therefore cost a little more than you regular online investment but, in my opinion, you get what you pay for plus obviously the personal touch.

I'm happy to chat to anyone on here if they want to PM me your details.

I will just add that what I do with this 'share' money is the risky element of my portfolio! My second pension (running alongside my occupational scheme) is managed by an IFA, there is too much riding on that for me to try and amatuerishly put that into a SIPP and manage it myself!

I will be 'sensibly' investing in a more managed risk spread of OEICs from next April, in my S&S ISA.

M3-FAST · 09-25-2009, 04:04 PM

I still think investing in bricks and mortar is a good long term investment. I have just purchased (got the keys today!!) a second property to rent out - it is only a small £90k one bedroomed flat but will generate £400 per month in rent (tenant lined up already without needing an agency

) - I used some savings to pay the deposit and took a 75% mortgage. The rate is pretty crap to start with reverts to base rate in 2 yrs. There is £150 a month left over so we are going to overpay the mortgage to reduce the term.

The flat is in a great sought after area in Stafford and when property prices were good, were easily selling for £120-£130k so when things do eventually sort themselves out and the prices start to rise it may even make a few quid.

It will never drop less than it has now and if the tenant(s) can clear the mortgage for me hopefully will make a good long term investment.

I have a ten year old and a 5 month old, and maybe in the future they can use it as a stepping stone onto the property ladder, either that or it will make a good pension fund

Problem is I have got the bug now and want to buy another one.....

(maybe in a couple of yrs!!)

rogerxp · 09-25-2009, 04:16 PM

Yup, Peter's approach is perfectly sensible. Build up a good sensible 'pot' which then allows you the luxury of another 'pot' you can have a bit of fun with.

Property is a bit of an odd one. I agree in that, long-term, you can only make money on it, but people so often ignore the negative aspects/hassle factor of renting a place out. Too many people jumped on the bangwagon too late and got very stung with tennents defaulting, wrecking the place, not able to find a replacement tennent then property prices dropping. Now is a great time to get a good deal (if you can get the additional borrowing) and, if you're lucky with tennents, it's a very good long-term investment (again, if you do your homework on the area and everything else).

RagingKileak · 09-25-2009, 06:15 PM

I might talk to you in the near future then Rog,

My main reason for wanting this kind of security is because of the relatively large loss I have made thus far - didnt do my research and got fucked, basically.

Matt

Evil Diesel · 09-26-2009, 02:54 AM

It all depends on your view of the economy - is everything fixed and back to normal? If so then the forward P/E on the F250 is fine - if not then you will need to pick the stocks carefully. The rally to date has been led by a dash for trash with solid defensives being overlooked - in my view this is more symptomatic of a bear rally rather than a structural change.

Remember in 29-33 there were similar rallies to this (and also in Japan in to 90's). Investment now is still a case of return of your capital rather than return on it.

Fortunatly I went rather long on bullion around the time when that tool Brown was selling and it seems to me that the bull market here is likely to continue although a short term pull back to $900 t/oz is possible. It also provides a rather useful Stirling hedge. I use an e-trade system bullionvault.com which I have found pretty good.

Beware of any long term fixed income accounts or bonds - with the BoE printing notes as fast as the copier will work the medium term infaltion outlook is poor. Remember the RPI is only negative due to interest rate cuts and VAT reduction ......

NFS · 09-28-2009, 02:27 AM

Quote:

Originally Posted by Evil Diesel

It all depends on your view of the economy - is everything fixed and back to normal? If so then the forward P/E on the F250 is fine - if not then you will need to pick the stocks carefully.

I think the real question is if this is the bottom?

Not sure anyone really knows, but I think it's close to it. I also think it's pretty much certain that at some point in the future the stock market will be in better shape than it is now.

On that basis, I'd be quite tempted to try some short term trades to take advantage of the ongoing volatility (albeit it's much more stable than six months ago) in the knowledge that, so long as I don't pick companies that are going to fail completely, if it fails to generate some cash in the short term I can always hold the shares for the longer term.

Em135eye · 09-28-2009, 03:37 AM

I don't trust the stockmarket one inch even though it's risen - I still think we have a long time to go until it recovers. Think a few one and two years bonds will be for us but might take out some stock ISAs. Annoying - our interest used to cover most annual bills. Now it pays for a meal out - and that's about it.

09-25-2009, 10:04 AM	#1
RagingKileak Brigadier General 191 Rep 4,655 Posts Drives: M3 CS Join Date: Jan 2009 Location: Yorkshire iTrader: (2)	Savings and/or Investing... Hello all, Well I tried MoneySavingExpert and they set about me like a bunch of rabbid, over-educated, bastards! You lot are often friendlier, so I will try here instead... I already invest a fair bit, and I have used my tax free allowance for this year so a further cash ISA or similar is a no no... If you had an amount of money - more so than you would normally be able to make the most of in a 'standard' type savings account where would you stick it? Lets say I have 10k for arguments sake that needs out of my high availability account... I dont care whether I can access it quickly or not (say 60 days notice would be fine) but I dont want to lose interest on my investment for drawing out in less than say, 5 years or whatever.... Anyone got a heads up on whats hot at the moment in respect of deals like that? Cheers Matt
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09-25-2009, 10:24 AM	#2
JLR1969 Major General 1882 Rep 7,000 Posts Drives: Kubota GR1600 Join Date: Dec 2008 Location: England iTrader: (1)	I would personally put it in a fixed rate fixed term bond. Check out Money Supermarket. I took one out with a lump sum for 12 months and got 4.5% Gross about 6 months ago. That was with Birmingham Midshires.
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09-25-2009, 10:28 AM	#3
Palmnuts Lieutenant Colonel 170 Rep 1,957 Posts Drives: Huracan Evo & M8 GC Join Date: Nov 2008 Location: Leicestershire, UK iTrader: (0)	Just spend it!
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09-25-2009, 10:35 AM	#5
- Paul - Major General 695 Rep 7,308 Posts Drives: see above. Join Date: Apr 2005 Location: Yorkshire, UK iTrader: (5) Garage List 2005 320D SE [10.00] 2005 645 [9.00]	Yep - spend it all! - Life is very short and can be over in an instant. Go buy a Ferrari instead of that Porsche. __________________ My Photos
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09-25-2009, 10:38 AM	#6
Darth335 Captain 64 Rep 706 Posts Drives: 2011 AW E92 M3 ZCP Join Date: Jun 2009 Location: SoCal iTrader: (16)	Several Things you can do. I am in the US, and I don’t know about UK tax law or what you are getting paid on savings, but I cannot imagine that it would be too different then here in the States. Take a look into short term bond portfolios or funds, a mix of Corporate and Municipal bonds. Several great fund companies offer great short terms bond funds that are now paying anywhere from 3% to 4.5% or more. Because bonds do not require as much management as say a Equity fund, the expenses are much lower, anywhere from 1% to 2%, to buy in. A few companies here, DWS Funds and Lord Abbett, are both great and I am sure you can find them in the UK or something very similar. They are not protected against loss, but the principal fluctuation is not a volatile as equities, and they are relatively conservative. If you are ok with a bit more risk, take a look at some balanced funds with both bonds and equities, or diversify between several different funds. It is a great time to get in, especially if you have a 5 year out look. Hope that helps.
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09-25-2009, 10:45 AM	#8
peterg1965 Brigadier General 164 Rep 4,190 Posts Drives: F30 335d M Sport, F15 X5 40d Join Date: May 2007 Location: The place of dark satanic mills, UK iTrader: (0)	Get a share account and start to dabble in shares... use up your CGT allowance before it gets taken away! Be sensible, stick to FTSE100 and 250 companies, do some research and don't be greedy and you can easily make some decent money. It does take time though, if you 'do it yourself' on the t'internet. I have made a modest 15% return in a couple of months on a £10000 start up fund - could have been better and the market is generally rising. It does have risks though.... a modest form of gambling - I have made money on M&S, Tesco, RBS (high risk!), Kingfisher (B&Q etc). Time to start will be when the market makes a bit of a retrace form its current highs.
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09-25-2009, 11:03 AM	#11
Em135eye Banned 175 Rep 4,302 Posts Drives: M135i Join Date: Jul 2009 Location: South West iTrader: (0) Garage List 2014 BMW M135i 5 door [0.00]	Just had the bank manager and a FA over for the very same reason!
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09-25-2009, 11:13 AM	#12
NFS Major General 275 Rep 9,218 Posts Drives: M340i Join Date: Jul 2006 Location: UK iTrader: (0)	I'd have a chat with your bank to see what unit trust products they have at present. The markets are pretty low at the moment, so if you take a long term view (5 years plus) your money should grow above inflationary rates. Obviously it might go down as well, so don't invest anything that you can't afford to lose. At the moment it would be better to use your ISA allowance in stocks rather than cash. From April next year I think you can invest £10,200 in a stocks ISA with tax free interest. Cash ISA interest is a bit shit at the moment, so the tax free element is rather wasted. The other option is to set up a share dealing account with Barclays of similar. Do some research and stick some money into shares. The markets are still fairly volatile, so if you play things right and keep an eye on the trends you might be able to make few quid from some quick trades. In most cases, if you are down in the short term holding any shares for the next 12 months should see you back in the black.
	Appreciate 0 Quote

09-25-2009, 11:38 AM	#13
pjs Colonel 274 Rep 2,774 Posts Drives: i8 Join Date: Oct 2008 Location: NORTH iTrader: (1)	Spread Betting
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09-25-2009, 02:09 PM	#15
rogerxp Major General 165 Rep 5,950 Posts Drives: M3 Comp Pack / QQ+2 Tekna Join Date: May 2008 Location: Stockport, Cheshire iTrader: (1) Garage List 2008 350Z GT Roadster [2.00] 2004 Honda S2000 [0.00] 2005 Nissan 350Z GT ... [0.00] 2006 E92 BMW 335i SE [9.00] 2003 Maserati 4200 [6.00] 2006 E90 330d M Sport [0.00]	What Peter does it bloody risky unless of course you've got the time to research all aspects properly. Most of us don't or simply can't be arsed to do the necessary. I am an IFA so tend to build investment portfolios for my clients (amoungst life assurance, pensions, mortgages, etc). We've been getting a minimum of 10-15% over the last 3 months from our portfolios. The markets have all been on a bit of a rally so, to be honest, it hasn't been too difficult. Just a matter of having a good spread of high quality investments and getting the timing right (or just have patience). The markets are still pretty damn low so a good deal is to be had (unit price is depressed therefore you buy can more now for your money and wait for the rise). I don't pick individual 'stock' like Peter does but I do select good high quality investment funds (pooled investments) which reduces the risk instantly. As someone said, Cash ISAs are shite at present, all bank account are also shite (plus you get taxed on the growth). I get involved in 'Stocks & Shares' ISA and any other form of investments (Unit Trust, OEICs, Bonds, Offshore, etc) but tend to specialise more in bespoke portfolios within any of these investments. Non of what I do are really suitable for short-term investments though. Not that you can't make money (as I've proved you can do in a short period), and not that you get penalised either, it's more due to wanting to clawback any initial charges before encashment. My investments are usually actively managed so therefore cost a little more than you regular online investment but, in my opinion, you get what you pay for plus obviously the personal touch. I'm happy to chat to anyone on here if they want to PM me your details. __________________ Current -: MW E92 M3 Competition Pack / Qashqai+2 Tekna 1.6dci Gone -: 370Z GT Roadster; BMW X3 3.0d xdrive M Sport; E46 330i M Sport Coupe; Mazda RX8 231; Nissan 350Z GT Roadster; BMW E90 330d M Sport; BMW E92 335i SE; Maserati 4200; Nissan 350Z; Honda S2000; Astra Coupe Turbo; Ford Probe
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09-25-2009, 04:04 PM	#17
M3-FAST Defected to the dark side..... 210 Rep 5,795 Posts Drives: BMW M5 LCi Join Date: May 2007 Location: Stafford, UK iTrader: (11) Garage List 2009 E90 M3 [10.00] 2007 325i M-sport C ... [9.00]	I still think investing in bricks and mortar is a good long term investment. I have just purchased (got the keys today!!) a second property to rent out - it is only a small £90k one bedroomed flat but will generate £400 per month in rent (tenant lined up already without needing an agency ) - I used some savings to pay the deposit and took a 75% mortgage. The rate is pretty crap to start with reverts to base rate in 2 yrs. There is £150 a month left over so we are going to overpay the mortgage to reduce the term. The flat is in a great sought after area in Stafford and when property prices were good, were easily selling for £120-£130k so when things do eventually sort themselves out and the prices start to rise it may even make a few quid. It will never drop less than it has now and if the tenant(s) can clear the mortgage for me hopefully will make a good long term investment. I have a ten year old and a 5 month old, and maybe in the future they can use it as a stepping stone onto the property ladder, either that or it will make a good pension fund Problem is I have got the bug now and want to buy another one..... (maybe in a couple of yrs!!)
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09-25-2009, 04:16 PM	#18
rogerxp Major General 165 Rep 5,950 Posts Drives: M3 Comp Pack / QQ+2 Tekna Join Date: May 2008 Location: Stockport, Cheshire iTrader: (1) Garage List 2008 350Z GT Roadster [2.00] 2004 Honda S2000 [0.00] 2005 Nissan 350Z GT ... [0.00] 2006 E92 BMW 335i SE [9.00] 2003 Maserati 4200 [6.00] 2006 E90 330d M Sport [0.00]	Yup, Peter's approach is perfectly sensible. Build up a good sensible 'pot' which then allows you the luxury of another 'pot' you can have a bit of fun with. Property is a bit of an odd one. I agree in that, long-term, you can only make money on it, but people so often ignore the negative aspects/hassle factor of renting a place out. Too many people jumped on the bangwagon too late and got very stung with tennents defaulting, wrecking the place, not able to find a replacement tennent then property prices dropping. Now is a great time to get a good deal (if you can get the additional borrowing) and, if you're lucky with tennents, it's a very good long-term investment (again, if you do your homework on the area and everything else). __________________ Current -: MW E92 M3 Competition Pack / Qashqai+2 Tekna 1.6dci Gone -: 370Z GT Roadster; BMW X3 3.0d xdrive M Sport; E46 330i M Sport Coupe; Mazda RX8 231; Nissan 350Z GT Roadster; BMW E90 330d M Sport; BMW E92 335i SE; Maserati 4200; Nissan 350Z; Honda S2000; Astra Coupe Turbo; Ford Probe
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09-25-2009, 06:15 PM	#19
RagingKileak Brigadier General 191 Rep 4,655 Posts Drives: M3 CS Join Date: Jan 2009 Location: Yorkshire iTrader: (2)	I might talk to you in the near future then Rog, My main reason for wanting this kind of security is because of the relatively large loss I have made thus far - didnt do my research and got fucked, basically. Matt
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09-26-2009, 02:54 AM	#20
Evil Diesel Captain 32 Rep 817 Posts Drives: E92 335d M Sport Join Date: Jul 2007 Location: London iTrader: (0)	It all depends on your view of the economy - is everything fixed and back to normal? If so then the forward P/E on the F250 is fine - if not then you will need to pick the stocks carefully. The rally to date has been led by a dash for trash with solid defensives being overlooked - in my view this is more symptomatic of a bear rally rather than a structural change. Remember in 29-33 there were similar rallies to this (and also in Japan in to 90's). Investment now is still a case of return of your capital rather than return on it. Fortunatly I went rather long on bullion around the time when that tool Brown was selling and it seems to me that the bull market here is likely to continue although a short term pull back to $900 t/oz is possible. It also provides a rather useful Stirling hedge. I use an e-trade system bullionvault.com which I have found pretty good. Beware of any long term fixed income accounts or bonds - with the BoE printing notes as fast as the copier will work the medium term infaltion outlook is poor. Remember the RPI is only negative due to interest rate cuts and VAT reduction ......
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09-28-2009, 03:37 AM	#22
Em135eye Banned 175 Rep 4,302 Posts Drives: M135i Join Date: Jul 2009 Location: South West iTrader: (0) Garage List 2014 BMW M135i 5 door [0.00]	I don't trust the stockmarket one inch even though it's risen - I still think we have a long time to go until it recovers. Think a few one and two years bonds will be for us but might take out some stock ISAs. Annoying - our interest used to cover most annual bills. Now it pays for a meal out - and that's about it.
	Appreciate 0 Quote