Panorama- tonight BBC 1 10-15 pm

jezza1O1

hehe look forward to resurrecting this thread in a year or two!

Truth is no one can predict whats going to happen for sure, and if you can, why are you spending time on a money saving website, surely you are already minted !


Interesting debate anyways, out of curiosity are any of you actually qualified to talk about this? Im just wondering whether any of it has any meaning - getting a wide range of conflicting 'facts' coming through....

John_M_Business

jezza1O1 wrote:

Truth is no one can predict whats going to happen for sure, and if you can, why are you spending time on a money saving website, surely you are already minted !

For me, I don't NEED this website, but have often found that thinking about how to save money / time on an ongoing basis keeps me and my family sharp and saves us money in the long term - on both single purchases as well as ongoing spends. Even before I signed up to this site, I already cut my phone bills by about 60% in a year, for example.

Ironically, it's those in the middle classes that keep a keen eye on finances that tend to stay in good shape. Those that find themselves 'minted' and then get a bit careless with cash end up losing out.

meanmachine_2

jezza1O1 wrote:

Interesting debate anyways, out of curiosity are any of you actually qualified to talk about this? Im just wondering whether any of it has any meaning - getting a wide range of conflicting 'facts' coming through....

Find me a course in which you can "qualify" to spout forth about the future and I'll gladly go on it.

My only formal qualification is a derisory A level in economics which was enough to tell me that economists are nothing more than clairvoyants - and about as legit.

The best qualification is just to be aware of all sides of the argument and then use your instinct.

Oh and never live beyond your means. But then if all Brits did that the economy really would be in trouble.

eurows

For me, I don't NEED this website, but have often found that thinking about how to save money / time on an ongoing basis keeps me and my family sharp and saves us money in the long term - on both single purchases as well as ongoing spends. Even before I signed up to this site, I already cut my phone bills by about 60% in a year, for example.

Ironically, it's those in the middle classes that keep a keen eye on finances that tend to stay in good shape. Those that find themselves 'minted' and then get a bit careless with cash end up losing out.

The fact is if you didn't talk as much cr*p your phone bill wouldn't be so high.

nelly_2

eurows wrote:

The fact is if you didn't talk as much cr*p your phone bill wouldn't be so high.

lolololol and meow

nelly_2

meanmachine wrote:

Find me a course in which you can "qualify" to spout forth about the future and I'll gladly go on it.

My only formal qualification is a derisory A level in economics which was enough to tell me that economists are nothing more than clairvoyants - and about as legit.

The best qualification is just to be aware of all sides of the argument and then use your instinct.

Oh and never live beyond your means. But then if all Brits did that the economy really would be in trouble.

Cant say fairer than that.

John_M_Business

eurows wrote:

The fact is if you didn't talk as much cr*p your phone bill wouldn't be so high.

Someone obviously had a bad lunch... or perhaps you're still waiting in the school canteen?

deemy2004

You places your bets and takes your chances.. Obviously you have to keep re-appraising the situation and not get stuck on an opinion of what should happen, rather try to go with the flow - or more accutately try and follow where the money is flowing.

The FTSE is weighted in favour of oil stocks, but more than oil stocks have gone up, as evidenced by my portfolio, yeh the consumer sector is the weak part but clearly it is more than out weighed by he strong parts of the index.

As long as the market continious to perform then I wil continue to add to the portfolio..

As it starts to weaken I will reduce exposure and take 'profits'. I posted a year ago on the savings board my portfolio and its done very well ! As ever diversification is the key especially out of the UK, hence the investment trusts I recommended in Jan have doen very well - Especially india and Eastern Europe !

You take it week to week, month to month, following the money and the trend. Thats how you stay in bull markets rather than missing them and wonder why you did not recognise you were in a bull market at the time.. Who knows where this bull market will go ? 5500 ? 7000 ? 10000 ? - I don't know, but until it tells me otherwise I will try to hang on if not add on the way up and reduce on the way down. As ever the hidden profit component is the dividend income .. which are also for a number of the ftse 100 increasing by more than inflation so double win