Where to invest money in a crisis

triathlon

I have actually taken all my pension money and now put it into housing and I am advising everyone I know to do the same, it's going to be a gold mine in several years time when another 5 million enter UK shores.

Herzlos

triathlon wrote: »

I have actually taken all my pension money and now put it into housing and I am advising everyone I know to do the same, it's going to be a gold mine in several years time when another 5 million enter UK shores.

That sounds like a good way to make a bubble. Hopefully none of your friends over-extend themselves if house pricing starts to come down or the landlord market gets tougher.


Personally I'm shifting my investment away from UK property as I'm not confident about what it's going to do.

ukcarper

triathlon wrote: »

I have actually taken all my pension money and now put it into housing and I am advising everyone I know to do the same, it's going to be a gold mine in several years time when another 5 million enter UK shores.

Home you are not investing where I am as prices are lower than they were a year ago.

HornetSaver

Iain_For wrote: »

Brexit is not the solution to these divisions as it will not address any of the causes of that division. Quite a legacy we’re leaving our kids to sort out.

To be clear I'm vehemently against any form of "wealth" tax in any circumstances other than death (i.e. IHT).

But does a mess perceived to have been created by one generation and perceived to have harmed another not increase the chances of other forms of "wealth" taxes coming in? With or without Corbyn?

Malthusian

HornetSaver wrote: »

But does a mess perceived to have been created by one generation and perceived to have harmed another not increase the chances of other forms of "wealth" taxes coming in? With or without Corbyn?

There's two "perceives" in that sentence so the answer is probably "yes".

Fundamentally however, a nation does not introduce a wealth tax because they perceive that there has been intergenerational unfairness, they perceive that there has been intergenerational unfairness because they want a wealth tax.

There is no such thing as intergenerational unfairness. Older people have had more time to save, more time to invest, and more time to increase their earning potential. You would expect older generations to have more assets than the young in a developed economy, unless you are living in a nation of wasters. Billions are already passed from the old to the young in gifts, inheritance, and taxes each year. But there is nothing more powerful than the hate of a client towards their patron.

andrewf75

Malthusian wrote: »

There is no such thing as intergenerational unfairness. Older people have had more time to save, more time to invest, and more time to increase their earning potential. You would expect older generations to have more assets than the young in a developed economy, unless you are living in a nation of wasters. Billions are already passed from the old to the young in gifts, inheritance, and taxes each year. But there is nothing more powerful than the hate of a client towards their patron.

The wealth of the current older generation is much more than just that though. No future generation will benefit from the same rise in house prices or have final salary pensions. I hate the the way some people are resentful towards other generations, but any rational analysis surely shows the many advantages they had financially.

Crashy_Time

Iain_For wrote: »

My approach to Brexit has been to increase the cash proportion of my already globally diversified portfolio as I will retire a month after the official leave date and need a healthy cushion to mitigate sequence of return risk. Was fortunate enough to put a sizeable sum in NS&I Growth Bonds at 2.2% before they were withdrawn.

Politically, I don’t see the uncertainty subsiding. The Leave vote, we are told, reflected the view of an alienated section of a divided society who had nothing to lose. The Brexit process has further alienated much of the middle ground who voted Remain and who now feel the main two parties don’t represent them and has further polarised and divided Britain (to say nothing of what it is doing to the Tory party). Brexit is not the solution to these divisions as it will not address any of the causes of that division. Quite a legacy we’re leaving our kids to sort out.

No, it represented the majority of voters under our present system, it isn`t some underground cult, it is the will of the (majority) of the people.

Crashy_Time

andrewf75 wrote: »

The wealth of the current older generation is much more than just that though. No future generation will benefit from the same rise in house prices or have final salary pensions. I hate the the way some people are resentful towards other generations, but any rational analysis surely shows the many advantages they had financially.

If they haven`t sold by now the rise in house prices will just be an academic paper exercise - "Look what my house, that I can`t sell, might maybe have been worth once!" The smart boomers probably got out just before the Brexit vote IMO.

ukcarper

andrewf75 wrote: »

The wealth of the current older generation is much more than just that though. No future generation will benefit from the same rise in house prices or have final salary pensions. I hate the the way some people are resentful towards other generations, but any rational analysis surely shows the many advantages they had financially.

You don't know what house prices will do in the future and not all old people have benefited from house price inflation as much as many people think, in relation to earnings house prices have gone up and down So a lot depends on when you bought. Also many old people don't benefit from that wealth as it's tied up in thier home the people who will benefit are thier children and grandchildren. As for final salary pensions they are not as common as many people think, I keep in contact with 6 couples I went to school with 2 of the men have final salary pensions and one is partial and 1 of women also has one which is also partial.

The-Joker

Glen_Clark wrote: »

Jacob Rees-Mogg's dad literally wrote the book
Has anyone read it?
I guess his son must have done as he has put his money in the EU

Before he and his Brextremist chums push us into a 'no deal' Brexit and tank the economy?

Hard assets like silver and gold.

They are private, portable and can be kept secret.

Cash strapped governments like to take things that can't be moved or hidden, like property, businesses etc.

Silver bullion is far better than gold at the moment while the silver to gold ratio is so historically high. The normal ratio for thousands of years has always been 15oz silver to buy one of gold. Today its over 80