£10000 to save invest

moonrakerz

notis7 wrote: »

HSBC, ............. have a strong presence outside the UK to see them through any liquidity crisis.

Exactly ?

According to "dispatches" on Ch4 last night HSBC are far more deeply involved in the sub-prime fiasco than any other UK Bank !

notis7

No - Undoubtedly the bigger banks have been hit by the subprime crisis and the later credit crisis however, they are in a stronger position to cope with the credit crisis than smaller banks.
B&B would be my prime example. They are struggling. Small provider and funding until 2009. Desperate for flows - going out with huge rates to cope with the market.

Abbey are taking advantage of the situation by attempting to catch and hinder smaller providers like A&L and B&B who they see as potential buy targets

notis7

moonrakerz wrote: »

Exactly ?

According to "dispatches" on Ch4 last night HSBC are far more deeply involved in the sub-prime fiasco than any other UK Bank !

their retail deposits however have grown enormously in the last 2 years to allow them to take such a hit....;)

moonrakerz

notis7 wrote: »

their retail deposits however have grown enormously in the last 2 years to allow them to take such a hit....;)

If I remember correctly, their exposure was in the billions, the other UK banks were in the hundreds of millions - a difference of orders of magnitude !

dunstonh

According to "dispatches" on Ch4 last night HSBC are far more deeply involved in the sub-prime fiasco than any other UK Bank !

I would trust HSBC more than Channel 4. HSBC are going to be hit harder as they are much bigger and have far greater global exposure. IIRC, HSBC also funds a very large proportion of its mortgages from deposits rather than financing.

Aegis

Trust_No_1: This is the second time you've posted this, please don't bother again as I will keep reporting it as spam and as incredibly irresponsible investment advice!

TRUSt_NO_1_2

Oh by the way...silver was only up 2.3% today.

At least it's keeping up with the price of wheat,which went up 7% in 3 days last week !

Looks like the £2 loaf will be here next year.

6% per annum growth ain't gonna help much is it ??????????

TRUSt_NO_1_2

Your advice is terrible. If you're really trying to give good advice, you would talk about diversification of asset classes and geographical sectors, but you make no mention of that.
======================================

Why diversify ?
I'm giving what I consider the best place to be.....NOW...THEY'VE ONLY GOT 1YR

Geographical sectors-
By the time they've researched it and become comfortable it will be 2020.

ASSET CLASSES-COMMODITIES FOOD OIL GOLD SILVER

PRECIOUS METALS IS WHAT I KNOW ABOUT

What's you're pick..banking and property ?

China's hot..red hot..but overbought ? could correct for next 12 months

UK-GOING DOWN!
US-GOING DOWN
CANADA TSX JUNIOR/MID TIER MINING STOCKS-OVERSOLD-BARGAINS-GOING UP

jamesd

TRUSt_NO_1, you're pitching very high risk investment options without having determined what risk level the poster is willing to take. You may believe and claim that gold or silver or wheat will go up in price but there is no guarantee at all and it'll just take a little improvement in the financial situation and a few good harvests to make them drop precipitously. That's fine as a small part of an investment mixture but it's not something that everyone is interested in. You're also grossly misrepresenting the risk level of what you're suggesting.

It's entirely possible that you're right but it's not certain and if those improvements in economic conditions or harvests do happen the person doing as you suggest could easily lose half or more of their money.

moonrakerz

dunstonh wrote: »

I would trust HSBC more than Channel 4. HSBC are going to be hit harder as they are much bigger and have far greater global exposure. IIRC, HSBC also funds a very large proportion of its mortgages from deposits rather than financing.

The point I was trying to make was that HSBC's exposure was vastly different to ALL the other UK banks mentioned.
I just did a quick Google on HSBC and the "Times" gave a figure of $11 billion - which was around what I remember from the programme.

To be honest - on recent performance, I think I would rather trust Ch 4 than many of the financial institutions !