Moneysavingexpert campaign to help savers

mcc100

Sibley wrote: »

Everyone is happy with the low rates.

:rotfl: :rotfl::rotfl:

There are seven times more savers than borrowers in this country .......

Jimmy_31

Cleaver wrote: »

Haven't investors been given a rawer deal lately? Do they deserve more support? Kind of a devil's advocate type of question, but probably worth asking.

You pays your money and you takes your choice.

Jimmy_31

Sibley wrote: »

I think you will only have one member. Everyone is happy with the low rates. Long may they continue. The brave have been rewarded. The people who did not have the guts to buy into housing should lose out.

The people who HAD the guts to buy into housing will lose out as well.


Brave:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

Cleaver

Torry_Quine wrote: »

When I say savings that includes investments as I see them as part of the same thing

Eh? In what way are they the same thing? They couldn't be more different.

No savings account over the last year would have paid more than around 4% and your capital is protected. Investments over the last year could have included any one of a million things, including stuff that's gone up over 100% and stuff that would have lost you everything.

Graham_Devon

Cleaver wrote: »

Eh? In what way are they the same thing? They couldn't be more different.

No savings account over the last year would have paid more than around 4% and your capital is protected. Investments over the last year could have included any one of a million things, including stuff that's gone up over 100% and stuff that would have lost you everything.

To be fair, savings and investments go into the same basket for me too.

It's all a pool of money, just sat in different vehicles.

Plus most forms and questionnairs lump them together, when asking for the total amounts. They don't ask for 2 seperate amounts (unless its a tax form or such), as it all amounts to the same thing.

Cleaver

Graham_Devon wrote: »

To be fair, savings and investments go into the same basket for me too.

It's all a pool of money, just sat in different vehicles.

Again, I'm going to say 'eh?'. If we're talking about what you do with your money, surely putting £1,000 in a protected capital savings account at a fixed interest rate is at one end of the financial scale when compared to investing £1,000 in a small, Argentinian technology company penny share? In terms of risk, reward, objectives and all the other things you consider what to do with your money they could not be more far apart. In my humble opinion anyway. But let's not get in to one of our classic descriptions and semantics arguments about this, my main point was simply that savings and investments are different things which most people consider different to each other. The original guy said 'savings and investments are the same, the return is rubbish from both'. That's an impossible statement - some investments will be up 1000% over the last 12 months, others will be completely wiped out and then everything in between.

Graham_Devon wrote: »

Plus most forms and questionnairs lump them together, when asking for the total amounts. They don't ask for 2 seperate amounts (unless its a tax form or such), as it all amounts to the same thing.

That's because most institutions who ask about your assets just want to know what assets you have. A snapshot. So my assets at the moment would be the equity in my house, my savings and my investments. One figure, but all made up of very different things.

Torry_Quine

Graham_Devon wrote: »

To be fair, savings and investments go into the same basket for me too.

It's all a pool of money, just sat in different vehicles.

Plus most forms and questionnairs lump them together, when asking for the total amounts. They don't ask for 2 seperate amounts (unless its a tax form or such), as it all amounts to the same thing.

I think the same. To me if you have money whether in instant access savings or some kind of long term bond with risk attached is all just variations on a theme. Personally I have a low risk mentality and don't see why that means I get pathetic returns while accepting that risk takers should get higher potential returns.

Cleaver

Torry_Quine wrote: »

To me if you have money whether in instant access savings or some kind of long term bond with risk attached is all just variations on a theme.

What type of bond? Savings bond? Coporate bond? Government bond? These aren't the same. A savings bond isn't an investment, it's just fixed term savings. A corporate bond, for example, is not a 'variation' of a savings account in any way shape or form and is a completely different animal to a savings account.

Torry_Quine wrote: »

Personally I have a low risk mentality and don't see why that means I get pathetic returns while accepting that risk takers should get higher potential returns.

You really don't understand that? It's pretty much investment rule number one. Higher risk means higher potential return because that's simply the way capitalism works. If a business is just setting up and needs funding then the initial investors will take all the risk, because there is a high chance they will lose some or all of their money. But they do this because there is a chance for higher reward. I'm not anti-savers and I think they have been much looked over recently, but surely you understand why having a savings account should mean that you're not entitled to the rewards someone may be able to achieve through investing in a small company that's just starting up?

Torry_Quine

Torry_Quine wrote: »

I think the same. To me if you have money whether in instant access savings or some kind of long term bond with risk attached is all just variations on a theme. Personally I have a low risk mentality and don't see why that means I get pathetic returns while accepting that risk takers should get higher potential returns.

Cleaver wrote: »

What type of bond? Savings bond? Coporate bond? Government bond? These aren't the same. A savings bond isn't an investment, it's just fixed term savings. A corporate bond, for example, is not a 'variation' of a savings account in any way shape or form and is a completely different animal to a savings account.



You really don't understand that? It's pretty much investment rule number one. Higher risk means higher potential return because that's simply the way capitalism works. If a business is just setting up and needs funding then the initial investors will take all the risk, because there is a high chance they will lose some or all of their money. But they do this because there is a chance for higher reward. I'm not anti-savers and I think they have been much looked over recently, but surely you understand why having a savings account should mean that you're not entitled to the rewards someone may be able to achieve through investing in a small company that's just starting up?

I've put my quote as you've misread what I said. I did say that those who take a higher risk should have the potential to have greater rewards. Many people don't differentiate in the way you do and there is really nothing wrong with that

Cleaver

Torry_Quine wrote: »

Many people don't differentiate in the way you do and there is really nothing wrong with that

Sorry, but are you saying that people don't differentiate between a savings account and a corporate bond? That's simply not true, they are two completely different things.