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Bank of England - Low interest rates are 'new normal'

13

Comments

  • PaulF81
    PaulF81 Posts: 1,727 Forumite
    Tracker mortgage we got in 2010 is looking pretty sweet right now... mortgage paid off in 9 years 1 month by current repayment scheduling!
  • Bantex_2
    Bantex_2 Posts: 3,317 Forumite
    PaulF81 wrote: »
    Tracker mortgage we got in 2010 is looking pretty sweet right now... mortgage paid off in 9 years 1 month by current repayment scheduling!
    Many have done very nicely out of the recession. Whether it is something to brag about is another matter.
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    Bantex wrote: »
    Many have done very nicely out of the recession. Whether it is something to brag about is another matter.

    I pretend to be slightly embarrassed about how great the recession has been.

    I don't feel too bad because most people in the UK have gone from being the richest in the world to still being the richest in the world.
  • MFW_ASAP
    MFW_ASAP Posts: 1,458 Forumite
    Bantex wrote: »
    Many have done very nicely out of the recession. Whether it is something to brag about is another matter.

    I don't see a problem with coming onto a dedicated personal finance forum and talking out your individual personal finances. While posting success stories on the debtors and bankrupt board could be rather crass (unless it's related to getting out from under a mountain of debt yourself) but posting elsewhere is fine.

    I never see complaints about people posting financial details when it's about how badly they are doing. It seems that people love failure rather than success. Personally I want to hear from people who are doing well so that I can take their successful strategies and adapt my own financial plans accordingly.
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Bantex wrote: »
    Many have done very nicely out of the recession. Whether it is something to brag about is another matter.



    I haven't! I have to give myself at fail at only 3/10:


    - Other than SS ISA's, I didn't invest anything in the ftse below the 5,000 level.


    - Dilly dallied about trying to buy the 'right' property(ies) and ended buying none.


    Looking back I find it hard to believe I was so foolish, it isn't as if I didn't know what I should have been doing.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • Bantex_2
    Bantex_2 Posts: 3,317 Forumite
    MFW_ASAP wrote: »
    I don't see a problem with coming onto a dedicated personal finance forum and talking out your individual personal finances. While posting success stories on the debtors and bankrupt board could be rather crass (unless it's related to getting out from under a mountain of debt yourself) but posting elsewhere is fine.

    I never see complaints about people posting financial details when it's about how badly they are doing. It seems that people love failure rather than success. Personally I want to hear from people who are doing well so that I can take their successful strategies and adapt my own financial plans accordingly.

    Just paying a fraction of what you were expecting to pay on your mortgage for 5 years or so is not financial planning. It was just accidentally being in the right place at the right time. Many seem to think they are financial geniuses, where in most cases it was pure luck.
  • MFW_ASAP
    MFW_ASAP Posts: 1,458 Forumite
    Bantex wrote: »
    Just paying a fraction of what you were expecting to pay on your mortgage for 5 years or so is not financial planning. It was just accidentally being in the right place at the right time. Many seem to think they are financial geniuses, where in most cases it was pure luck.

    LOL, you seem to know so much for someone who has just joined. Hi shortchanged. :rotfl:
  • Bantex_2
    Bantex_2 Posts: 3,317 Forumite
    MFW_ASAP wrote: »
    LOL, you seem to know so much for someone who has just joined. Hi shortchanged. :rotfl:
    No shortchanged, just very knowlegeable.
  • mayonnaise
    mayonnaise Posts: 3,690 Forumite
    Bantex wrote: »
    No shortchanged, just very knowlegeable.

    knowledgeable
    Don't blame me, I voted Remain.
  • Bantex_2
    Bantex_2 Posts: 3,317 Forumite
    mayonnaise wrote: »
    knowledgeable
    Exsactly....
This discussion has been closed.
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