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Savings and Investments thread
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BoE to buy bonds. FTSE100 running back turbo on the news. £ getting ready to take another nose dive0
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Umm...still below 7,000...kentaddick said:BoE to buy bonds. FTSE100 running back turbo on the news. £ getting ready to take another nose dive0 -
not for much longerPragueAddick said:
Umm...still below 7,000...kentaddick said:BoE to buy bonds. FTSE100 running back turbo on the news. £ getting ready to take another nose dive4 -
It’s in your favour if house prices do drop. Keep saving and aim higher when you do start lookingtwiggyaddick said:I'm hoping to get a mortgage in 2024, as we should have saved 25-30% by then, but this news is scaring the life out of me, more so will I havee to go to 50%,which will set us back years.
Already priced out of London and most of the south, Gloucester or Worcester were the areas we had picked out, I will be watching t goings on very closely over the next year but becoming really fearful that things are going to get worse. Already worried that despite having 2 kids we might have to settle for a 2 bed as it is.
Trying times.4 -
I paid 1.85 that is the before consolidation price so reckon around £20.00 plus.Just got all the brochures trough the door,had a bit of spare cash and dived in,I am certain thousands of us oldies have had their fingers well and truly burned,luckily i asked for more but it was over subscribed.Rob7Lee said:
I dipped in and out in late 2020/early 2021 as thought they were cheap at around £1.40 which at the time proved right as sold for a reasonable profit.thickandthin63 said:Did anyone else on here buy saga shares when they were floated a few years back,looks like they are on the brink,and our hard earned money has been lost.
They are now just under £1 predominantly driven by their insurance arm. I don't know what you paid, but I don't see them coming back massively anytime soon, it's a bit of a failed business really and were impacted a lot by COVID.
I wouldn't be surprised to see them sell of their insurance division and stick to Holidays. I don't think they are about to go bust, and not sure what they floated at, but I wouldn't expect much of a return if you paid more than £2 anytime soon.0 -
I'm about to have a bit of cash spare, thinking about going quite heavy on government bonds until after the inevitable crash ends.0
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Well, I've had lunch and the graph is pointing back downwards again...kentaddick said:
not for much longerPragueAddick said:
Umm...still below 7,000...kentaddick said:BoE to buy bonds. FTSE100 running back turbo on the news. £ getting ready to take another nose dive
But you got the sterling prediction right at least. Below 1.06 again. Thankfully I managed to move some cash earlier in the week to the safe haven known as the Czech koruna. What a time to be alive0 -
Mmmmmh, first time seen fake news on this thread ;-) The FTSE 100 is below 7000 and also -0.81% today (FTSE 250 is -2.32%) is hardly a turbo charge!kentaddick said:
not for much longerPragueAddick said:
Umm...still below 7,000...kentaddick said:BoE to buy bonds. FTSE100 running back turbo on the news. £ getting ready to take another nose dive0 -
My 7 year fixed term mortgage runs out in December. 1.99 per cent. Luckily Santander got in touch in July offering a switch to a new product and I accepted in early September. 3.5 per cent for three years. We should be able to pay it off when this one runs out.
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It was down another 1.8% from here this morning. This is the local bottom for ftse100mendonca said:
Mmmmmh, first time seen fake news on this thread ;-) The FTSE 100 is below 7000 and also -0.81% today (FTSE 250 is -2.32%) is hardly a turbo charge!kentaddick said:
not for much longerPragueAddick said:
Umm...still below 7,000...kentaddick said:BoE to buy bonds. FTSE100 running back turbo on the news. £ getting ready to take another nose dive1 - Sponsored links:
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I am just shy of my 3rd decade on this earth, and I am just curious to hear the opinions of those in this thread who might have a longer memory - Is this the worst economic impact by a government in post-war history?
The 2007/8 financial crash was largely down to the world economy crashing than Blair+Brown cocking it up from what I understand and I'm not sure if Major is generally accepted to be at fault for Black Wednesday in 1992? Or were Thatcher, Wilson and Heath's situations more dire than the current?
I might be being dramatic as it all seems pretty damn dire right now, but just curious on others views on the question.
Might be more of a question for the House of Commoners...1 -
Brave forecast. Very brave…kentaddick said:
It was down another 1.8% from here this morning. This is the local bottom for ftse100mendonca said:
Mmmmmh, first time seen fake news on this thread ;-) The FTSE 100 is below 7000 and also -0.81% today (FTSE 250 is -2.32%) is hardly a turbo charge!kentaddick said:
not for much longerPragueAddick said:
Umm...still below 7,000...kentaddick said:BoE to buy bonds. FTSE100 running back turbo on the news. £ getting ready to take another nose dive1 -
they day's candle is now green, after being down nearly 2% earlier in the day...PragueAddick said:
Brave forecast. Very brave…kentaddick said:
It was down another 1.8% from here this morning. This is the local bottom for ftse100mendonca said:
Mmmmmh, first time seen fake news on this thread ;-) The FTSE 100 is below 7000 and also -0.81% today (FTSE 250 is -2.32%) is hardly a turbo charge!kentaddick said:
not for much longerPragueAddick said:
Umm...still below 7,000...kentaddick said:BoE to buy bonds. FTSE100 running back turbo on the news. £ getting ready to take another nose dive0 -
About to poke it's head above 7000...PragueAddick said:
Well, I've had lunch and the graph is pointing back downwards again...kentaddick said:
not for much longerPragueAddick said:
Umm...still below 7,000...kentaddick said:BoE to buy bonds. FTSE100 running back turbo on the news. £ getting ready to take another nose dive
But you got the sterling prediction right at least. Below 1.06 again. Thankfully I managed to move some cash earlier in the week to the safe haven known as the Czech koruna. What a time to be alive0 -
Black Wednesday in 1992 was interesting and forced the government into a u-turn - so the impact was short lived. This may well be the same if Truss and Kwarteng swivel but they may well try to ride it out. In reality a u-turn from them now would be 'unspinnable'.LonelyNorthernAddick said:I am just shy of my 3rd decade on this earth, and I am just curious to hear the opinions of those in this thread who might have a longer memory - Is this the worst economic impact by a government in post-war history?
The 2007/8 financial crash was largely down to the world economy crashing than Blair+Brown cocking it up from what I understand and I'm not sure if Major is generally accepted to be at fault for Black Wednesday in 1992? Or were Thatcher, Wilson and Heath's situations more dire than the current?
I might be being dramatic as it all seems pretty damn dire right now, but just curious on others views on the question.
Might be more of a question for the House of Commoners...1 -
Worse reaction to a Budget I've ever seen, and I'm in my mid 50's. The only other one to have an effect of sorts (but not immediately) was Nigel Lawson in 1988. A big tax giveaway but with the scrapping of MIRAS (akin to tax relief on your mortgage payments) which led to the late 80's housing boom as people were desperate to secure a mortgage before the benefit was axed (again, akin to the suspension of Stamp Duty during the pandemic).LonelyNorthernAddick said:I am just shy of my 3rd decade on this earth, and I am just curious to hear the opinions of those in this thread who might have a longer memory - Is this the worst economic impact by a government in post-war history?
The 2007/8 financial crash was largely down to the world economy crashing than Blair+Brown cocking it up from what I understand and I'm not sure if Major is generally accepted to be at fault for Black Wednesday in 1992? Or were Thatcher, Wilson and Heath's situations more dire than the current?
I might be being dramatic as it all seems pretty damn dire right now, but just curious on others views on the question.
Might be more of a question for the House of Commoners...
It seems the markets get scared BEFORE a Labour Budget but then get spooked AFTER a Tory one.1 -
My brain is so puggled I can’t work out if you’re 19 or 29…LonelyNorthernAddick said:I am just shy of my 3rd decade on this earth,2 -
floating around the 6990-7000 level.kentaddick said:
About to poke it's head above 7000...PragueAddick said:
Well, I've had lunch and the graph is pointing back downwards again...kentaddick said:
not for much longerPragueAddick said:
Umm...still below 7,000...kentaddick said:BoE to buy bonds. FTSE100 running back turbo on the news. £ getting ready to take another nose dive
But you got the sterling prediction right at least. Below 1.06 again. Thankfully I managed to move some cash earlier in the week to the safe haven known as the Czech koruna. What a time to be alive0 -
Had it confirmed this morning that I've finally Exchanged on my house sale, with completion set for next week.
This was the property I bought after my divorce but had to rent it out 3 years ago when the kids came to live with me after falling out with their mum. A 2 up/2 down terrace house wasn't big enough for me & 3 teenagers full time.
We should have exchanged last Friday but was delayed for some reason (Solicitors mainly) but I've been fearful the FTB'ers were going to pull out due to the ridiculous figures being bandied about on the news since the weekend. But it seems (and confirmed by the Estate Agent) that any buyers already in a chain are now feverously trying to complete asap as they have mortgage offers from the summer & wouldn't get anything like the interest rate they secured a few months ago.
Now for me I might have actually got lucky for once as we are currently in rented & not looking to buy anything for at least another year, when the youngest will either stay on at school or go to College and the middle one goes to Uni - which will determine where I buy & how many bedrooms I'll need. I never want to bring bad on people but a property "correction" that means I can buy something in 12-24 months time a bit cheaper than now would be very nice, especially as I've been through 2 periods of negative equity in my time and might at least have the market work in my favour for once.16 -
now above 7000.golfaddick said:
floating around the 6990-7000 level.kentaddick said:
About to poke it's head above 7000...PragueAddick said:
Well, I've had lunch and the graph is pointing back downwards again...kentaddick said:
not for much longerPragueAddick said:
Umm...still below 7,000...kentaddick said:BoE to buy bonds. FTSE100 running back turbo on the news. £ getting ready to take another nose dive
But you got the sterling prediction right at least. Below 1.06 again. Thankfully I managed to move some cash earlier in the week to the safe haven known as the Czech koruna. What a time to be alive0 - Sponsored links:
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The BoE has put a floor under GILTs, which has propped up anything riskier. I think we should see a bounce now through to next week's FOMC meeting. This bear market still has a long tome to run though.1
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Fair point - I phrased that badly - I'm 29 haha.AFKABartram said:
My brain is so puggled I can’t work out if you’re 19 or 29…LonelyNorthernAddick said:I am just shy of my 3rd decade on this earth,0 -
So just shy of your 4th decade. Sorry if that makes you feel old!LonelyNorthernAddick said:
Fair point - I phrased that badly - I'm 29 haha.AFKABartram said:
My brain is so puggled I can’t work out if you’re 19 or 29…LonelyNorthernAddick said:I am just shy of my 3rd decade on this earth,1 -
Correct on both countsIdleHans said:
So just shy of your 4th decade. Sorry if that makes you feel old!LonelyNorthernAddick said:
Fair point - I phrased that badly - I'm 29 haha.AFKABartram said:
My brain is so puggled I can’t work out if you’re 19 or 29…LonelyNorthernAddick said:I am just shy of my 3rd decade on this earth,
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7005. A full 0.03% up on the day. Uncork the Krug!kentaddick said:
now above 7000.golfaddick said:
floating around the 6990-7000 level.kentaddick said:
About to poke it's head above 7000...PragueAddick said:
Well, I've had lunch and the graph is pointing back downwards again...kentaddick said:
not for much longerPragueAddick said:
Umm...still below 7,000...kentaddick said:BoE to buy bonds. FTSE100 running back turbo on the news. £ getting ready to take another nose dive
But you got the sterling prediction right at least. Below 1.06 again. Thankfully I managed to move some cash earlier in the week to the safe haven known as the Czech koruna. What a time to be alive
But don't jump up and down on that "floor". It still has two more days of KamiKwasi to endure before the weekend2 -
Sorry - the Krug was 'corked'.PragueAddick said:
7005. A full 0.03% up on the day. Uncork the Krug!kentaddick said:
now above 7000.golfaddick said:
floating around the 6990-7000 level.kentaddick said:
About to poke it's head above 7000...PragueAddick said:
Well, I've had lunch and the graph is pointing back downwards again...kentaddick said:
not for much longerPragueAddick said:
Umm...still below 7,000...kentaddick said:BoE to buy bonds. FTSE100 running back turbo on the news. £ getting ready to take another nose dive
But you got the sterling prediction right at least. Below 1.06 again. Thankfully I managed to move some cash earlier in the week to the safe haven known as the Czech koruna. What a time to be alive
I've got some Pomagne somewhere - any good?1 -
I'm not really up on parliamentary procedure but I believe a full budget needs parliamentary approval. Does this last debacle also need to be approved? Of course, Parliament is recess at the moment so what happens? It would be interesting to know how the Sunak supporting Conservatives would vote.0
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And a 2% swing in price over the day. Momentum is back with the bulls for the next few days.PragueAddick said:
7005. A full 0.03% up on the day. Uncork the Krug!kentaddick said:
now above 7000.golfaddick said:
floating around the 6990-7000 level.kentaddick said:
About to poke it's head above 7000...PragueAddick said:
Well, I've had lunch and the graph is pointing back downwards again...kentaddick said:
not for much longerPragueAddick said:
Umm...still below 7,000...kentaddick said:BoE to buy bonds. FTSE100 running back turbo on the news. £ getting ready to take another nose dive
But you got the sterling prediction right at least. Below 1.06 again. Thankfully I managed to move some cash earlier in the week to the safe haven known as the Czech koruna. What a time to be alive
But don't jump up and down on that "floor". It still has two more days of KamiKwasi to endure before the weekend0 -
Most of my investments are in funds (within an Isa) so I'm just seeing mini yo-yo's really over the past year. Daily and weekly pricing do not really mean that much to me as it indices panic.kentaddick said:
And a 2% swing in price over the day. Momentum is back with the bulls for the next few days.PragueAddick said:
7005. A full 0.03% up on the day. Uncork the Krug!kentaddick said:
now above 7000.golfaddick said:
floating around the 6990-7000 level.kentaddick said:
About to poke it's head above 7000...PragueAddick said:
Well, I've had lunch and the graph is pointing back downwards again...kentaddick said:
not for much longerPragueAddick said:
Umm...still below 7,000...kentaddick said:BoE to buy bonds. FTSE100 running back turbo on the news. £ getting ready to take another nose dive
But you got the sterling prediction right at least. Below 1.06 again. Thankfully I managed to move some cash earlier in the week to the safe haven known as the Czech koruna. What a time to be alive
But don't jump up and down on that "floor". It still has two more days of KamiKwasi to endure before the weekend
What do you invest in @kentaddick?0 -
Whereas I hope that the worst it does is stagnate for a while. When we move we need to downsize and raise funds to see us through old age especially with the hit my pension funds have taken the last week or two.golfaddick said:Had it confirmed this morning that I've finally Exchanged on my house sale, with completion set for next week.
This was the property I bought after my divorce but had to rent it out 3 years ago when the kids came to live with me after falling out with their mum. A 2 up/2 down terrace house wasn't big enough for me & 3 teenagers full time.
We should have exchanged last Friday but was delayed for some reason (Solicitors mainly) but I've been fearful the FTB'ers were going to pull out due to the ridiculous figures being bandied about on the news since the weekend. But it seems (and confirmed by the Estate Agent) that any buyers already in a chain are now feverously trying to complete asap as they have mortgage offers from the summer & wouldn't get anything like the interest rate they secured a few months ago.
Now for me I might have actually got lucky for once as we are currently in rented & not looking to buy anything for at least another year, when the youngest will either stay on at school or go to College and the middle one goes to Uni - which will determine where I buy & how many bedrooms I'll need. I never want to bring bad on people but a property "correction" that means I can buy something in 12-24 months time a bit cheaper than now would be very nice, especially as I've been through 2 periods of negative equity in my time and might at least have the market work in my favour for once.0
