RPI 4.5%, so what rate on your savings are you getting after tax?

IveSeenTheLight

mbga9pgf wrote: »

Shorting pumped up penny stocks on AIM is a pretty easy way of making cash. Takes b@lls and lots of research though.

I got burnt before on shares, even with research.
I got wind of a UK company manufacturing safe retractable hypodermic needles.
At the time the share price was something like £1.40 - £1.50 a share. A lot of people I knew was buying into it but I held off.

The premis was that these needles were required by Law in the US and it was expected with the increase of needle attacks that it would become law in the UK.

Some people considered they price would go to £12 - £15 per share if it did become law.

I still did not buy at that time.

Then the company hit manufacturing issues. There was a problem with their machines.
They needed investment and the share price dropped to £0.12 a share.
I bought in at £0.15 thinking that even if it returned to it's previous price then I would have done extremely well.

Then they decided to dilute their shares to increase investment again.
It meant that while the share price remained, my number of shares went to a fraction.

Now the share price is higher than when I bought, however the dilution in my shares mean that my value has dropped something like 95%.

So just a warning that shares can go down as well as up.

The company was NMT (New Mediacal Technologies) is anyone is interested.

N1AK

Batchy wrote: »

It matters to me to get a message out their of how happy I am. To show its not all bad. Its a massive weight off my shoulders. It was positively starting to get me down. I needed to lay down foundations. The time was right!

Really glad your happy :j

mbga9pgf

IveSeenTheLight wrote: »

I got burnt before on shares, even with research.
I got wind of a UK company manufacturing safe retractable hypodermic needles.
At the time the share price was something like £1.40 - £1.50 a share. A lot of people I knew was buying into it but I held off.

The premis was that these needles were required by Law in the US and it was expected with the increase of needle attacks that it would become law in the UK.

Some people considered they price would go to £12 - £15 per share if it did become law.

I still did not buy at that time.

Then the company hit manufacturing issues. There was a problem with their machines.
They needed investment and the share price dropped to £0.12 a share.
I bought in at £0.15 thinking that even if it returned to it's previous price then I would have done extremely well.

Then they decided to dilute their shares to increase investment again.
It meant that while the share price remained, my number of shares went to a fraction.

Now the share price is higher than when I bought, however the dilution in my shares mean that my value has dropped something like 95%.

So just a warning that shares can go down as well as up.

The company was NMT (New Mediacal Technologies) is anyone is interested.

Thats why I said its best to short penny stock, especially when there are rumours of 1000's% increase in share price. Its simply people playing the market to get the price up.

Far more chance of downside than upside in these cases imho.

DervProf

Last time I mentioned I had savings, I was called a "parasite", so I`m not going to discuss the interest rate that I might or might not be getting on savings that I might or might not have.

Batchy

DervProf wrote: »

Last time I mentioned I had savings, I was called a "parasite", so I`m not going to discuss the interest rate that I might or might not be getting on savings that I might or might not have.

Lol... sorry to hear that... why was you called a parasite?

dopester

Telegraph 01 Oct 2010

The stock of mortgages is still growing, however, just at a much slower rate than in the past. Britain’s outstanding mortgage debt totals £1.24 trillion and grew by £1.66bn in August, Bank data shows.

Good article, pointing out how the billions in MEW which is drying up is going to begin having deflationary impacts.

Back in 2006 when mortgage debt broke through the £1 trillion ceiling, new paradigm bubble champions who weren't particularly concerned with liar loans and the like to keep pumping up the values, including Merv quoted below, were claiming this debt level wasn't a concern. That the debt was more than fine against the hideously inflated bubble asset values.

Mervyn King, the Bank's governor, said the scale of the debt was not a worry for economic stability as it was far outweighed by assets on households' balance sheets.

Anyway from my point of view, most recent "owners" are borrowed to the hilt which has helped shoot-up wider property values. Gains many don't want to see reversed.... thus SMI, mortgage rescue, near ZIRP interest rate policy. One way or the other though, even against all these schemes, deflation is coming for UK real estate, imo.

LilacPixie

not alot. Pretty much 0 savings now anyway.

HAMISH_MCTAVISH

dopester wrote: »

Of the 14.5 million households under dweller ownership, just over eight million have a mortgage.
.

Those figures are either for England only or out of date.

The most current UK figures I've seen are 11.5 million mortgages and somewhere around 20 million properties in private ownership.

FATBALLZ

IveSeenTheLight wrote: »

I got burnt before on shares, even with research.
I got wind of a UK company manufacturing safe retractable hypodermic needles.
At the time the share price was something like £1.40 - £1.50 a share. A lot of people I knew was buying into it but I held off.

The premis was that these needles were required by Law in the US and it was expected with the increase of needle attacks that it would become law in the UK.

Some people considered they price would go to £12 - £15 per share if it did become law.

I still did not buy at that time.

Then the company hit manufacturing issues. There was a problem with their machines.
They needed investment and the share price dropped to £0.12 a share.
I bought in at £0.15 thinking that even if it returned to it's previous price then I would have done extremely well.

Then they decided to dilute their shares to increase investment again.
It meant that while the share price remained, my number of shares went to a fraction.

Now the share price is higher than when I bought, however the dilution in my shares mean that my value has dropped something like 95%.

So just a warning that shares can go down as well as up.

The company was NMT (New Mediacal Technologies) is anyone is interested.

You mean they did a rights issue? Is the idea not that when you do a rights issue, the company grows by the value of the new shares issued, therefore existing shares are unaffected? Or was it some other arrangement? If the share price was unchanged how did you lose out?

IveSeenTheLight

FATBALLZ wrote: »

You mean they did a rights issue? Is the idea not that when you do a rights issue, the company grows by the value of the new shares issued, therefore existing shares are unaffected? Or was it some other arrangement? If the share price was unchanged how did you lose out?

To be honest with you, it was a number of years ago, before I switched on, so I would need to go back through the paperwork.

Essentially, the price dropeed and as a way of improving the price.
I bought 40,000 shares at £0.15, the price lowered to something like a couple of pence and then the condensed the shares to up the prices.
Now I have a fraction of the shares, still at a fraction of what I paid for them.