UK interest rates held at 0.5% for years

Thrugelmir

meunier wrote: »

What goes around comes around SURELY .... AT SOME POINT.

"Savers" were the beneficiaries of the boom times.

leveller2911

Thrugelmir wrote: »

"Savers" were the beneficiaries of the boom times.

What about HPI in the boom years?.

I know many people who made more money on their property in 5 years than I have managed to save in 25 years.....

Its a crock of sh*te Thrug, successive Governments encourage people to save for their future whilst at the same time propping up the housing market and QE.......... I despair sometimes, It seems the government want people to spend all their savings and so rely on the state to look after them in future years.

lvader

Cash savings is not a recommended method for retirement saving, stocks and shares and bonds which are have done much better than cash.

leveller2911

lvader wrote: »

Cash savings is not a recommended method for retirement saving, stocks and shares and bonds which are have done much better than cash.

I don't have it stashed under the bed Ivader,lol......Mainly S&S ISA,s and cashs ISA,s.. I had fixed rate bonds but the rates now are dire.... I'm taking my money out and going to become a loan shark.

Don't see why Nationwide and their ilk should make 20% lending my money out whilst paying me 2.75% interest.Go back 6 years and their bond rates were 6.49% and their credit card interest was 9.9% so their profit has rocketed.

All I need is a Pit bull terrier with attitude:D

Old_Slaphead

lvader wrote: »

Cash savings is not a recommended method for retirement saving, stocks and shares and bonds which are have done much better than cash.

Say I'm 64, have £200k assets and have no pension - all to go in equities & bonds ??

lvader

It's a bit late now, bonds have already bubbled and shares might have also. It might be advisable to start investing some of the cash gradually.

talexuser

The whole point is to bail out insolvent banks and build up their balance sheets while quietly forgetting the oodles of worthless paper they have been paying themselves bonuses on over the years. Obviously the people with real money i.e. savers have to pay for this in inflation and negative real rates. We would need real reform to change this but no one is offering any, it's just business as usual.

Glen_Clark

sabretoothtigger wrote: »

Australians with their lowest rates ever

But they have lower inflation.
The rate of interest alone is almost meaningless without taking inflation into account.

Old_Slaphead

lvader wrote: »

It's a bit late now, bonds have already bubbled and shares might have also. It might be advisable to start investing some of the cash gradually.

Then maybe you should have qualified your statement by saying.....

"With the benefit of hindsight cash savings were not a good method for retirement saving, stocks and shares and bonds have generally done much better than cash"

As to the future - who knows ?

FWIW anyone investing a lump sum in the late 90s would probably have been better off investing in the best available fixed rate savings accounts as opposed to a combination of shares/UTs matching the average return on the FTSE100.

atush

Old_Slaphead wrote: »

Say I'm 64, have £200k assets and have no pension - all to go in equities & bonds ??

If you are 64 and working, slap 3 years worth of salary of the 200K into a pension, get tax relief then 25% LS and income DD using equities.

That way you still have some cash, but have equities for income