Where do we invest now then?

[Simpo Two]

FTSE - buggered
Savings - buggered
Property - buggered

Anything else?

[ewenm]

Simpo Two said:

FTSE - buggered
Savings - buggered
Property - buggered

Anything else?

Investing now (or in the next year) in the FTSE and/or property could be a canny move for the brave, long-term investor.

[Shnozz]

gold - buggered
oil - buggered

Art and fine wines. Apparently. And how many people are educated enough in those arenas to make judgement calls....

[Graham E]

landsbanki

[Legend83]

Quite! The Government have their wish now that there is nothing else to do with our money now except spend it!

I guess long-term home owners might want to use any investable funds to pay off their mortgage to reduce the term & interest paid..?

[gti-ted]

Bank of Ted. I will gladley spendstrikethrough save your Monies for you

Oh and i only accept long term savers so choose Ted a name that you can trust

Edited by gti-ted on Thursday 6th November 14:00

[kambites]

Bars of copper?

[flasher]

Shnozz said:

gold - buggered
oil - buggered

Art and fine wines. Apparently. And how many people are educated enough in those arenas to make judgement calls....

I'm not sure about art mate, but your taste in fine wines is good! Mind you I'm not really convinced that the Aldi Barollo you bought round the other month will be worth anything in years to come....

[Mc Lovin]

copper and steel also buggered.

I suggest tampons, always a need for those.

[MitchT]

ewenm said:

Investing now (or in the next year) in the FTSE and/or property could be a canny move for the brave, long-term investor.

FTSE definitely - At any price under 4000 I'd be inclined to open a FTSE 100 tracker. I'd be looking for a 40-50% fall from the top for property before touching it with a bargepole though. Of course, property could be a reasonable long-term bet, but if you have to leverage yourself with finance to buy it then you're exposed if interest rates go up, you lose your job, etc. I prefer property purely as a means of providing somewhere to sleep on a night.

[Simpo Two]

Legend83 said:

I guess long-term home owners might want to use any investable funds to pay off their mortgage to reduce the term & interest paid..?

Done that!

Maybe I should lend money at high rates of interest... to people who can't get normal loans. Ah, hang on...

[Shnozz]

ewenm said:

Simpo Two said:

FTSE - buggered
Savings - buggered
Property - buggered

Anything else?

Investing now (or in the next year) in the FTSE and/or property could be a canny move for the brave, long-term investor.

The same could be said with property to be fair. Both likely to suffer short term losses, but with time both should regain their ground and profit. All these comments re catching falling knives may be true for a short term investor, but for longer term views the only difference is that you may not maximise profit of buy low/sell high, but you still stand to profit, at some stage.

Cash ISAs offering sweet FA and eroded by inflation.

If you have no mortgage, premium bonds or take the best ISA rates you can get. If you have a mortgage, live like a Welshbeef and use the good/crap (depending on your viewpoint) interest rate to overpay it like crazy, assuming you have that option with your mortgage, and assuming its not fixed, allows you to overpay etc etc.

ETA - too slow. 1 finger typist here..

Edited by Shnozz on Thursday 6th November 14:02

[Adam B]

Simpo Two said:

FTSE - buggered
Savings - buggered
Property - buggered

Anything else?

er... investing when things are buggered is generally the right time

my pension fund (all in cash atm) will be jumping into Equities soon, just trying to guess when - maybe after year end HF redemptions / corporate re-financing

[Shnozz]

MitchT said:

ewenm said:

Investing now (or in the next year) in the FTSE and/or property could be a canny move for the brave, long-term investor.

FTSE definitely - At any price under 4000 I'd be inclined to open a FTSE 100 tracker.

that's what I have done but partly out of intrigue as I have never had a fund managed by computer before so interested to see how the low fees effect things.

[Graham E]

i'm with adam b - pension swapped cash - shares at 3680....

[williamp]

Classic cars? Not the bread and butter stuff, but things with real provenance- Astons, ferraris, etc etc.

[Shnozz]

williamp said:

Classic cars? Not the bread and butter stuff, but things with real provenance- Astons, ferraris, etc etc.

Tuesday's news didn't seem to think so

http://news.bbc.co.uk/1/hi/business/7705727.stm

[AndyAudi]

Mc Lovin said:

copper and steel also buggered.

I suggest tampons, always a need for those.

But there are some strings attached, get in quick before everyone else cottons on

[Simpo Two]

Adam B said:

er... investing when things are buggered is generally the right time

my pension fund (all in cash atm) will be jumping into Equities soon, just trying to guess when - maybe after year end HF redemptions / corporate re-financing

You're right of course, but I don't see anything sustainable happening for a year or more yet. The drop in interest rates is an admission that the economy is screwed, and the Govt's plan to spend more money we don't have - to replace the last lot we spent without having it - doesn't fill me with confidence either.

Local news tells me there's a new plan to build a £350M winter sports centre not far from here. Well at least they'll get a good rate for brickies etc.

[williamp]

Shnozz said:

williamp said:

Classic cars? Not the bread and butter stuff, but things with real provenance- Astons, ferraris, etc etc.

Tuesday's news didn't seem to think so

http://news.bbc.co.uk/1/hi/business/7705727.stm

Yeah, but that article quotes people who know what they are talking about, rather then a bbc journalist:



"Obviously due to the current economic climate there was some caution beforehand, but we broke a record with the sale of the McLaren F1 and there were some other very high prices.

"This will be good for the rest of the industry, as it shows the resilient strength of the market - great cars will continue to attract great money.

"Yes there were a few missed estimates, but that is fairly normal in any auction."

While the price of the more desired or rare classic cars can continue to go up, Max Girardo, RM Auctions' European managing director, said people bought such automobiles for love not for financial gain.

"But at the same time a classic car is just like a Picasso on the wall - it doesn't lose half its value over night," he said.





I still think "lesser" cars from the good brands will do well- like the 70s aston V8 or Ferraris.