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Comments

  • atush
    atush Posts: 18,731 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    GeorgeHowell wrote: »
    Cameron is tolerating inflation well over 2% and bank rate of 0.5%. The BofE could have been slammed over this years ago if it was inconsistent with government policy.

    But of course I agree that things would be a darn site worse with Labour still in.


    Finally I can agree with you :D
  • innovate
    innovate Posts: 16,217 Forumite
    10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    Unfortunately Cameron has no control over prices of imported products. Nor the state of the banks balance sheets. Or financial events in Europe or the USA.

    Sometimes it feels like it would be wonderful if a single person could just wave a wand and make everything good.

    On balance, though, we are very fortunate that this isn't, and won't be, possible.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    innovate wrote: »
    On balance, though, we are very fortunate that this isn't, and won't be, possible.

    Politicians of all parties should be removed from handling finances totally in my personal view. ;)
  • grey_gym_sock
    grey_gym_sock Posts: 4,508 Forumite
    Thrugelmir wrote: »
    Politicians of all parties should be removed from handling finances totally in my personal view. ;)

    that would imply getting rid of democracy.

    democracy is the worst possible system apart from all the others.
  • someone
    someone Posts: 839 Forumite
    Part of the Furniture 500 Posts Name Dropper
    Really hope the April budget will have some measures to help savers mitigate the side affects of Funding for Leanding scheme. FFL will not go way, it's been shown as been far more effective than QE but the side effect in saving rates has been unexpected.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    grey_gym_sock wrote: »
    that would imply getting rid of democracy.

    People appointed to handle finance should be both elected and accountable.

    My issue is that politicians have no life skills. No experience. Relying instead on textbook theory to manage very complex issues.
  • GeorgeHowell
    GeorgeHowell Posts: 2,739 Forumite
    jimjames wrote: »
    True. Although you'd have been 20% up if you'd had money in a UK equity income fund over the last 12 months.

    Also true, but you could just as easily lose it again over the next 12 months.
    No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.

    The problem with socialism is that eventually you run out of other people's money.

    Margaret Thatcher
  • GeorgeHowell
    GeorgeHowell Posts: 2,739 Forumite
    atush wrote: »
    I haven't lost any this year, thanks. I certainly made more than any bank or BS would have given me and outpaced inflation. Bet you can't say the same..

    If you're happy with the gamble, then fine. Next year, or the year after, could be very different. Like people who bet on horses, those who invest in equities only tend to talk about it when they win.
    No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.

    The problem with socialism is that eventually you run out of other people's money.

    Margaret Thatcher
  • GeorgeHowell
    GeorgeHowell Posts: 2,739 Forumite
    atush wrote: »
    Finally I can agree with you :D

    "It is never worth a first-class man's time to express a majority opinion. By definition, there are plenty of others to do that." G H Hardy
    No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.

    The problem with socialism is that eventually you run out of other people's money.

    Margaret Thatcher
  • jimjames
    jimjames Posts: 18,797 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    GeorgeHowell wrote: »
    If you're happy with the gamble, then fine. Next year, or the year after, could be very different. Like people who bet on horses, those who invest in equities only tend to talk about it when they win.

    The difference with horses is that if you lose you lose 100%. For a well constructed portfolio your losses should be controlled. I'm happy to say about losses during 2007/8 which were around 40% but equally happy to explain the rises since then which have more than made up the drop.
    Remember the saying: if it looks too good to be true it almost certainly is.
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