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Got no pension..Help

winkler
winkler Posts: 5 Forumite
in Savings & investments
Hi all,

I'm 45 and got no pension, but I am debt free and I intend to save £500/month,
I would like to save and invest for at least 15 years. (i hope).

Any ideas would be great.

Thanks
«13

Comments

  • vaporate
    vaporate Posts: 1,955 Forumite
    State pension?
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • dunstonh
    dunstonh Posts: 120,181 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    About 50,000 options match that criteria. Can you narrow it down for us a bit please.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Asheron
    Asheron Posts: 1,229 Forumite
    Ok buy gold and silver, it's the only way to protect your savings when we get hyper inflation.
    As an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.
  • mr_fishbulb
    mr_fishbulb Posts: 5,224 Forumite
    Part of the Furniture Combo Breaker
    Asheron wrote: »
    Ok buy gold and silver, it's the only way to protect your savings when we get hyper inflation.
    And what happens if we don't get hyperinflation?
  • Asheron
    Asheron Posts: 1,229 Forumite
    You have to do your research, you must listen to Max Keiser, Peter Schiff, you must protect your savings with physical Gold and Silver, it is the only way.

    You must study history, we are in the 1930's right now

    http://www.youtube.com/user/SchiffReport

    http://www.youtube.com/user/PeterSchiffChannel
    As an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.
  • mr_fishbulb
    mr_fishbulb Posts: 5,224 Forumite
    Part of the Furniture Combo Breaker
    Asheron wrote: »
    You have to do your research, you must listen to Max Keiser, Peter Schiff, you must protect your savings with physical Gold and Silver, it is the only way.
    That's not doing my own research. That's just following your research.
  • cloud_dog
    cloud_dog Posts: 6,358 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    mr_fishbulb wrote: »
    That's not doing my own research. That's just following your research.
    Funny, 'nice one centurion' :rotfl:
    Personal Responsibility - Sad but True :D

    Sometimes.... I am like a dog with a bone
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Asheron wrote: »
    Ok buy gold and silver, it's the only way to protect your savings when we get hyper inflation.

    What a load of XXXX!

    I don't claim to be an expert but the one thing I DO know is that diversity is all-important. Gold/silver may have their place, but banging on about them endlessly and implying (sorry explicitly stating) they are all you need is just irresponsible.
  • gozomark
    gozomark Posts: 2,069 Forumite
    the only guaranteed way to protect savings from inflation is in a vehicle which is guaranteed to move with inflation - gold doesn't, silver doesn't. Index linked gilts and NS&I savings do.
  • bendix
    bendix Posts: 5,499 Forumite
    edited 9 October 2009 at 4:46PM
    In the early 1980s, gold peaked at $850 per ounce. That is around $2300 in today's terms, taking inflation into account. Those buying 25 years ago would have lost around 60% on their so-called inflation-proof investment.

    Goldbugs will point out that that $850/$2300 price was a short blib. Quite right, but after it immediately fell back to $500 then (equivalent to $1350 an ounce today), it then traded in the $600-$700 range (around $1500 - 1700 today) for several years.

    Inflation-proof my a**e.

    As someone suggested, gold and other commodities have their place in a balanced portfolio (it certainly has a place in mine), but to bang on repeatedly and unthinkingly this same old mantra is cliched and muddle-headed.
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