April Inflation. CPI 4.5% & RPI 5.2%

Cleaver

Jimmy_31 wrote: »

Because the returns are slightly less if he spends it maybe.

I presume lisyloo was insinuating that you pretty much have three choices with what you do with your money: spend it, save it or invest it. If you have worked out that your savings are being eroded, and you don't want to spend it, then you need to work out a way of investing it in a way that it won't get eroded.

ess0two

Cleaver wrote: »

I presume lisyloo was insinuating that you pretty much have three choices with what you do with your money: spend it, save it or invest it. If you have worked out that your savings are being eroded, and you don't want to spend it, then you need to work out a way of investing it in a way that it won't get eroded.

Put some averages into the mix to help Jimmy out.

DervProf

RenovationMan wrote: »

Calm down dear, its just an internet forum. You seem to be a little overwrought tonight. Settle down in front of the telly with a nice cup of tea. :rotfl:

Not bad, but the "calm down dear" bit isn't exactly original.

Overwrought ? I'm quite calm and relaxed, actually.

I've just watched a bit of telly, although I didn't have a cup of tea. I did have a nice stir-fry though. The programme BBC3 was quite interesting, about how the big brands make their money.

Percy1983

lisyloo wrote: »

Percy - serious question. Why are you saving if you're not happy with the returns?

As its the only way I will get a deposit to buy a house.

As it is my ISA isn't too far behind inflation right now, I have looked at other ways of saving/investing but there are all too long time periods as it will be withdrawn soon enough to buy said house and live happily ever after.

Kohoutek

DervProf wrote: »

Meanwhile, back on terra firma, most of my friends/family have hardly benefited from low interest rates (they either have no, or small mortgages). My retired parents are seeing low returns on their savings. Anyone with credit card debt or bank loans are not getting any benefit from low IRs (unless they have a large mortgage).

The only people who might be benefitting are those who have larger mortgages. They are the ones who seem to take pleasure from continued low IRs. They, being the characters they are, are hardly likely to be bothered about how others are coping, and will continue to argue the case for low IRs, while they still have large debts.

Well, there are other forms of debt besides consumer credit and personal mortgages....Whether you like it or not, our economy runs on credit, it's ludicrous to take a moral position against the indebted.

Another reason for persistently low interest rates is help to support asset prices. Ben Bernanke calls it the "wealth effect".

DervProf

RenovationMan wrote: »

DervProf can only take a moral stance because he bought his FTB 2 bed house in 1995 when house prices were reasonable (with a deposit provided by BOMAD)

My mother and father didn't give me anything towards my deposit. I saved the money up, starting at around 13 years of age, when I used to cut lawns and wash cars. Yes, I lived with my parents until about 25, but I did pay housekeeping money (around 20% of my wage). I then lodged with a friend for 12 months before buying a place of my own (with partner).

Why do you keep making things up, or getting things wrong ?

And if you later bring up that I was crowing about "washing cars etc", then please consider why I mentioned these things....... to correct you on your wild imagination.

Graham_Devon

RenovationMan wrote: »

DervProf was saving for a deposit for a house when he was 13. No wonder he is single. :rotfl:

You been chucky'd?

"Don't anyone have a go at me, but I'll have a go at who I like, thanks".

Thought you were sick of this? Now you are back to dish out even more than you got?

Percy1983

RenovationMan wrote: »

DervProf was saving for a deposit for a house when he was 13. No wonder he is single. :rotfl:

its the only way to buy a house before 25 these days.

FTBFun

Percy1983 wrote: »

its the only way to buy a house before 25 these days.

Why would you want to?

DervProf

RenovationMan wrote: »

DervProf was saving for a deposit for a house when he was 13. No wonder he is single. :rotfl:

The fact that I am single is my choice. At the time I became single, I had no choice in the matter.

I didn't say I was saving specifically for a deposit at the age of 13, I simply started saving, so that I could afford some of the things I wanted. In fact, I don't remember thinking that I was saving for a house, I was simply saving money that I didn't spend. Some of my friends never had any money, even though they earned more than I did.

You continue with the cheap, inaccurate shots, I'll keep putting you right (as usual). The more you do it, the more it makes you look rather silly.