controversial dig at savers

Just_landed

There seems to be a lot of people that are confused which part of forum they are in, to help we are in the SAVINGS and INVESTING not the spending thread.

oxenryd

Bazn wrote: »

i particularly like the view that those sitting on a cash pile complaining about the interest should use it and be reminded how lucky they ae compared to many people suffering through this recession.

I have to disagree with the use of the word lucky. These people have saved, it's not just appeared in their bank/savings account. Lucky is when you win the lottery.

tradetime

evenasus wrote: »

This 'one' would not want to risk 'any' of my savings on the stock market.
I am fortunate, in that I don't have to rely on savings interest in my retirement.
But does that mean I shouldn't receive a decent % for lending my money to the building societies/banks?

Well now therein lies the crux of the matter, the banks will tell you that you are getting a decent % for your money. Just like any market each party wants the best deal for them. I like beer, I'd like to pay £1 a pint for my beer, no doubt the landlord at my local would like to charge £10 a pint, neither of us can achieve that, so beer changes hands at what he is willing to accept, and I am willing to pay. Just like anyone else I'd like as much interest on the money I leave in a bank as I can possibly get, I want as much as possible for as little as possible, but I also realize the world doesn't work like that.

john_s_2

tradetime wrote: »

I like beer, I'd like to pay £1 a pint for my beer, no doubt the landlord at my local would like to charge £10 a pint, neither of us can achieve that...

I can't find you a pub that sells it for a quid, but would 99p do you?

http://news.bbc.co.uk/1/hi/uk/7810263.stm

Greene King IPA, I hope you like that :-) I'm quite partial to it myself.

tradetime

john_s wrote: »

I can't find you a pub that sells it for a quid, but would 99p do you?

http://news.bbc.co.uk/1/hi/uk/7810263.stm

Greene King IPA, I hope you like that :-) I'm quite partial to it myself.

Very thoughtful, am a Lager man myself but for the price I could learn to like it I may have to investigate. :beer:

p1an0player

I was naive to leave all my money in sterling rather than diversify

jon3001

http://www.ft.com/cms/s/2/3bb78062-de7b-11dd-9464-000077b07658.html
Cash is no longer king for income

Financial advisers are now moving private investors’ money out of cash and into corporate bonds and selected equities, in response to a “significant” increase in demand for higher-yield investments in recent weeks.

Barclays Wealth, Collins Stewart, Newton, RBC Wealth Management and Punter Southall all report that more clients are seeking improved income yields – with many taking advice even before Thursday’s Bank of England base rate cut.

harz99

Interesting article.

The final paragraph says it all for me!

john_s_2

At one point the article seems to suggest that the movement back to equities is redressing the balance of investors who fled to cash six months or so ago.

But I can't help wondering if this is the same investors who are now not as nervous and are dipping their toes back in, so to speak, or these are new investors who are traditionally cash-savers and are being a bit reckless in a desperate attempt to continues receiving the returns they've been used to with their cash.

If the latter then I fear they'll get their fingers burned!

arcadia00

It's likely the ones whose 401k is now 201k because the touts cashed in their bets after the carnage was over and are now up for letting the touts chase their sizable losses with their diminished stakes.