Bad morning in the markets

Austin_Allegro

Treadmill wrote: »

Pensions ? a large % of people in this country don't have any pension or investments... as for other investments, theres more debt around than savings.

Surely for most people 'their pwoppewty is their pension'.

Good job property's still going up....er....hang on a minute...:eek:

Realy

!!!!!!? wrote: »

.

However, as you say better to prevent a domino effect run on banks rather than have to bail them out after the event.

But is this not the old bear comment "delaying the inevitable".
People have banded around how bad the banking system is so if they do announce it all it is doing is bailing out any bank near faltering or it is going to be nationalised to guarantee the savings.
No one on here yet as said how this will be funded if one does collapse but I am still thinking it will be the tax payer!

I am not saying this should not be the case but it is cloud cukoo land thinking the tax payer will not foot the bill or said companies would not possibly be nationalised.

wymondham

Realy wrote: »

Intresting thought, Is it a good time to buy a house also?

nope ...... you can 'trickle' buy shares as per a regular month pension contribution, but you can't a mortgage - it's a one off purchase followed by monthly payback, hence why it's still not a good time to buy a house as that one off purchase price is still too high...

Realy

wymondham wrote: »

nope ......

So shares dive 30% in a year and it's a good time to buy!

It would only be a good time to buy shares if you knew the company was relatively safe and were in it for the long term (as you won't see any dividends for a bit) but that would be the same as buying a property as an investment.

Saying buying shares before a recession is madness especially as most people do no know what they are doing.:rolleyes:

If you had £100K in the FTSE last year and £100K in a house which on paper is worth less at the moment?

PS this was done before your edit was posted. Quick lamp all your money in your pension or buy shares.:)

wymondham

Realy wrote: »

So shares dive 30% in a year and it's a good time to buy!

It would only be a good time to buy shares if you knew the company was relatively safe and were in it for the long term (as you won't see any dividends for a bit) but that would be the same as buying a property as an investment.

Saying buying shares before a recession is madness especially as most people do no know what they are doing.:rolleyes:

If you had £100K in the FTSE last year and £100K in a house which on paper is worth less at the moment?

PS this was done before your edit was posted. Quick lamp all your money in your pension or buy shares.:)

not really the right section for discussion on this but...

contributing monthly towards a pension during a downturn will mean i purchase more shares for my £ than I would have otherwise, so when things pick up I'm better placed. As I'm paying monthly rather than in lump sums I'm a bit better protected in the long run as the risk is spread out.....

If I was to put in any lump sums then I would be waiting also until things hit the bottom, but this is far more difficult to predict than the bottom re: house prices as George Bush just has to smile and they go up, frown and they go down..!!

Realy

wymondham wrote: »

not really the right section for discussion on this but...

contributing monthly towards a pension during a downturn will mean i purchase more shares for my £ than I would have otherwise, so when things pick up I'm better placed. As I'm paying monthly rather than in lump sums I'm a bit better protected in the long run as the risk is spread out.....

If I was to put in any lump sums then I would be waiting also until things hit the bottom, but this is far more difficult to predict than the bottom re: house prices as George Bush just has to smile and they go up, frown and they go down..!!

But what about all that money you paid in before.:rolleyes:
Also you are obliged to pay in falling or rising market if you stop its frozen.
On a mortgage you can over pay. If you think its a good time for shares i wish you luck.

But your right sorry for being OT.

wymondham

Realy wrote: »

But what about all that money you paid in before.:rolleyes:
Also you are obliged to pay in falling or rising market if you stop its frozen.
On a mortgage you can over pay. If you think its a good time for shares i wish you luck.

But your right sorry for being OT.

Here's the beauty of it .... just paid my very first payment! As my mortgage has gone it's not an issue anyway.. There was no way I could afford a mortgage and pension, so worked on mortgage first, now the pension....

WTF?_2

Realy wrote: »

But is this not the old bear comment "delaying the inevitable".
People have banded around how bad the banking system is so if they do announce it all it is doing is bailing out any bank near faltering or it is going to be nationalised to guarantee the savings.
No one on here yet as said how this will be funded if one does collapse but I am still thinking it will be the tax payer!

I am not saying this should not be the case but it is cloud cukoo land thinking the tax payer will not foot the bill or said companies would not possibly be nationalised.

It's about damage limitation now.

We're in for a very awful time but how governments react will decide just how awful it's going to be.

The media is now talking openly about banks going under, countries all around Europe are having to give (taxpayer-backed) guarantees on their banks, oil is plunging in price , the Bank of England has started swapping car loans and credit card debt for treasury bonds to keep the banks going .... basically, financial system meltdown beckons and economic disaster will follow.

That doesn't mean we have to sit around and let it all fall down. Careful management could somewhat ameliorate the extent of the fallout, which is going to be far-reaching in any case.

Realy

!!!!!!? wrote: »

It's about damage limitation now.

We're in for a very awful time but how governments react will decide just how awful it's going to be.

The media is now talking openly about banks going under, countries all around Europe are having to give (taxpayer-backed) guarantees on their banks, oil is plunging in price , the Bank of England has started swapping car loans and credit card debt for treasury bonds to keep the banks going .... basically, financial system meltdown beckons and economic disaster will follow.

That doesn't mean we have to sit around and let it all fall down. Careful management could somewhat ameliorate the extent of the fallout, which is going to be far-reaching in any case.

Is that not what America did. A lot on here did not like that. (I said that it was cheaper for them to act now than pay for it after they fall and everyone was going let them fall, blah, blah, blah)

As I said I am not against it, but it seems like a lot have people have changed their tune to protect their savings where as before it was "let them fall."
I Don't blame you, but hypocritical non the less by a lot on here.

PS how come people were saying we can't slow it down and the quicker the better, and that pumping money in to rescue banks was useless. People said ages ago "but you could loose all your savings." So it is OK now savings are in doubt?
As I said not against any of it but I find some people have changed their stance on rescue packages and tax payer intervention the last few days.

Sir_Humphrey

http://uk.finance.yahoo.com/q/bc?s=^FTSE&t=1d

http://uk.finance.yahoo.com/q/bc?s=^DJI&t=1d

Aye Carumba! (posted at 3.15pm)