Since interest rates are well below inflation.... Since interest rates are well below inflation....
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  1. #1

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    Default Since interest rates are well below inflation....

    ....in order to subsidise cheap mortgages in order to protect the banks from mass default.....

    ....apart from day to day living expenses....why not deprive the mainstream banks of your money.....by sticking your savings somewhere else?

    (thinking out loud).

    1. Put your money into a credit union
    Mutual Financial Services - Find Your Credit Union

    2. Get an offset mortgage

    3. Put some into a peer to peer lending scheme
    Zopa UK Loans - Get a great rate loan from Zopa Lenders

    4. Buy some gold coins (VAT and CGT free) now the price has fallen (buy when there's blood on the streets).
    2013 Gold Sovereigns | BullionByPost® - From £233

    5. Charidy (but I don't like to talk about it)
    Ethical bank, offering ethical ISAs and charity loans


    In other words DON'T FEED THE B(W)ANKERS!
    I was miserable and depressed, but CUK turned it all around. Now I'm depressed and miserable.

  2. #2

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    You could always do something sensible, like buying some blue-chip index shares.

  3. #3

    Better than AtW

    sasguru - scorchio!


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    Prime(ish) london rental - yields a minimum of 6% and rising + capital gains eventually (or simply a London pad for your sprog*)

    * A Paid for property + a good education are the only things I would leave my offspring, otherwise they'll get spoilt.
    Hard Brexit now!
    #prayfornodeal

  4. #4

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    Quote Originally Posted by sasguru View Post
    Prime(ish) london rental - yields a minimum of 6% and rising + capital gains eventually (or simply a London pad for your sprog*)

    * A Paid for property + a good education are the only things I would leave my offspring, otherwise they'll get spoilt.
    You'd need a fair bit of spare cash for that one!
    I was miserable and depressed, but CUK turned it all around. Now I'm depressed and miserable.

  5. #5

    Obstinate Git

    Mich the Tester is NOT a disguised employee

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    Quote Originally Posted by KentPhilip View Post
    You could always do something sensible, like buying some blue-chip index shares.
    ...and possibly put whatever you can lose into microcredit funds. Sounds crazy, but many of the economies with big growth prospects now are in Africa. People go from a dollar a day to two dollars a day, to five dollars a day and become consumers, savers and self employed businesspeople. Perhaps risky, but it´s arguably also risky to keep investing in deadweight companies in lacklustre economies.
    And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

  6. #6

    My post count is Majestic

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    Quote Originally Posted by sasguru View Post
    * A Paid for property + a good education are the only things I would leave my offspring, otherwise they'll get spoilt.
    Who will get your CUK account?

  7. #7

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    rd409 is too good to be a permie


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    Quote Originally Posted by AtW View Post
    Who will get your CUK account?
    Who would want it? It's worthless as it is right now.
    I guess you might want to upgrade to it.

  8. #8

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    Own up!

    Who caused the gold crash

    My beautiful gold mine...oh woe is me
    I'm alright Jack

  9. #9

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    Quote Originally Posted by BlasterBates View Post
    Own up!

    Who caused the gold crash

    My beautiful gold mine...oh woe is me
    I bought a few grams the other day after it dropped, so expect it to half in the coming months

  10. #10

    Richer than sasguru

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    I was miserable and depressed, but CUK turned it all around. Now I'm depressed and miserable.

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