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Haircut fears
islandannie
Posts: 963 Forumite
In the present climate I don`t believe anyone Amateur or Professional can predict the markets performance.
The present situation with the volatility of the Brexit effect leads me to think that we may be heading towards a haircut scenario.
I may be way off in my fears but I`m very tempted to go for the shoebox under the bed option until things settle down..
It`s tempting to keep what I have worked for many years away from the clutches of the incompetent financial authorities.
I`m sorry if I come across as paranoid,but I planned for my retirement so carefully that I feel cheated to be left with so much uncertainty.
The present situation with the volatility of the Brexit effect leads me to think that we may be heading towards a haircut scenario.
I may be way off in my fears but I`m very tempted to go for the shoebox under the bed option until things settle down..
It`s tempting to keep what I have worked for many years away from the clutches of the incompetent financial authorities.
I`m sorry if I come across as paranoid,but I planned for my retirement so carefully that I feel cheated to be left with so much uncertainty.
Nationalism is an infantile disease. It is the measles of mankind. - Albert Einstein.
“The nationalist not only does not disapprove of atrocities committed by his own side, but he has a remarkable capacity for not even hearing about them.”-
Orwell.
“The nationalist not only does not disapprove of atrocities committed by his own side, but he has a remarkable capacity for not even hearing about them.”-
Orwell.
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Comments
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Haircut for what..........0
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perhaps 20-25% of your savings and investments.
Thinking of Cyprus.Nationalism is an infantile disease. It is the measles of mankind. - Albert Einstein.
“The nationalist not only does not disapprove of atrocities committed by his own side, but he has a remarkable capacity for not even hearing about them.”-
Orwell.0 -
I'm selling tin foil hats if you are interested.
If it got that bad, do you really think your shoebox full of notes would be worth anything?0 -
islandannie wrote: »perhaps 20-25% of your savings and investments.
Thinking of Cyprus.
No need, it is already happening due to the pound devaluing.0 -
islandannie wrote: »perhaps 20-25% of your savings and investments.
Thinking of Cyprus.
No indication that UK Government debt is going to be down graded to junk status yet.0 -
That was only for people with over 100k euros in a bank account. If you leave more than £75k in a bank account after they've already told you that's the protection limit per bank then that's your own faultislandannie wrote: »perhaps 20-25% of your savings and investments.
Thinking of Cyprus.Mortgage (Nov 15): £79,950 | Mortgage (May 19): £71,754 | Mortgage (Sep 22): £0
Cashback sites: £900 | £30k in 2016: £30,300 (101%)0 -
islandannie wrote: »It`s tempting to keep what I have worked for many years away from the clutches of the incompetent financial authorities.
How are you blaming the "financial authorities" for this?
It makes no sense....Goals
Save £12k in 2017 #016 (£4212.06 / £10k) (42.12%)
Save £12k in 2016 #041 (£4558.28 / £6k) (75.97%)
Save £12k in 2014 #192 (£4115.62 / £5k) (82.3%)0 -
islandannie wrote: »In the present climate I don`t believe anyone Amateur or Professional can predict the markets performance.
The present situation with the volatility of the Brexit effect leads me to think that we may be heading towards a haircut scenario.
I may be way off in my fears but I`m very tempted to go for the shoebox under the bed option until things settle down..
It`s tempting to keep what I have worked for many years away from the clutches of the incompetent financial authorities.
I`m sorry if I come across as paranoid,but I planned for my retirement so carefully that I feel cheated to be left with so much uncertainty.
Depends how suspicious or paranoid you want to be.
The aim of most governments now, with high debt to gdp ratios, is to increase inflation to reduce the debt burden, though they haven't been very effective.
If the uk financial authorities are incompetent then that means you should really be holding cash in sterling. Maybe try dollars, euros or yen. If things are really bad then gold should be the aim, as well as buying tin food and guns for the apocalypse.0 -
Project Fear is still working its malign magic, I see.Free the dunston one next time too.0
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islandannie wrote: »
I`m sorry if I come across as paranoid.
You do sound paranoid.
If it happens, it happens. Worrying about it isn't going to change things, and it'll only make you feel worse.Liverpool is one of the wonders of Britain,
What it may grow to in time, I know not what.
Daniel Defoe: 1725.
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