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stupid beliefs about finance
Comments
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Lloyds - for the journey
(to who knows where)
Answer courtesy of Chris Rea, The road to hell.0 -
one that we see here:
"I've been with my bank for over 20 years and assumed they would take care of me when I asked for financial advice"0 -
"Your call is important to us" - although I don't suppose anybody believes that0
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(i) Seek advice from a financial adviser........what many people probably need above all, is warnings against stupid but common beliefs.....
(ii) Get free money with a personal pension.
(iii) Be cautious when others are being greedy, and greedy when others are being cautious.
..._0 -
All private sector jobs get bonuses and above public sector pay increases.0
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Abuse of the benefits system does not pay.
It does, it does.
Insurance (car, life, house & contents, travel, medical etc) gives you peace of mind.
Until you have to do the unthinkable and make any sort of claim.0 -
Here are a few I have come across over the years....
1 - ISAs perform better than pensions (they dont)
2 - My new investment performed so much better than my old one. (fails to take into account different timescale and timing. First one went through a crash, second one went through the recovery)
3 - employer pension is rubbish (despite the employer making contributions to it and therefore the person is turning down free money)
4 - banks telling people their advice is free.
5 - "i don't want any risk with my money" (every option has risks)
6 - some seem to believe advisers should have a crystal ball and be able to predict the future.
7 - Everyone claiming PPI was mis-sold / the consumer is always innocent.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.0 -
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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An economic forecaster is like a cross-eyed javelin thrower: they don't win many accuracy contests, but they keep the crowd's attention.
great quote£48515 interest £181 (2009)debt/mortgage-MFIT/T2/T3
debt/mortgage free 28/11/14
vanguard shares index isa £1000
credit union £400
emergency fund£500
#81 save 2018£42000 -
black_taxi wrote: »An economic forecaster is like a cross-eyed javelin thrower: they don't win many accuracy contests, but they keep the crowd's attention.
great quote
Have a look at my footer
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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