Financial Security Page 2

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  • pistol 2 Aug 2004 10:20:43 13,019 posts
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    Errol wrote:
    With the pensions crisis growing by the day, and the bear market set to continue for far longer than most of the general public believe, now is the time to check your plans for long term financial security.

    For instance, unless you all want to be working for the next 60yrs, a pension would be a very good plan.

    I would be interested to know (roughly, not the exact details !) what kind of plans/investments/etc that others on this board have.


    I have a contributory pension with my employer and a cash ISA as well. My other half also has a CP with her employer. ISA's are always a good idea.
  • terminalterror 2 Aug 2004 12:48:03 18,937 posts
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    Errol wrote:
    A good high interest savings account is also a decent addition to your financial arrangements.

    A proportion of your assets should be in cash form.

    I use ING direct (at 4.85% interest rate) - www.ingdirect.co.uk.

    I've got an account there. Always strikes me as odd that immediately after being informed of their new rate from some date about 3 weeks away I suddenly see loads of adverts pimping the older lower rate. You would think they might hold off a little and advertise the better one.
  • boo 2 Aug 2004 12:54:46 11,703 posts
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    I bought Steel Battalion first time round.
    50 years.
    Ebay.
    Comfy retirement.

    Not sure how mnay financial advisers would agree, but...

    Just Another Lego Blog

  • Errol 3 Apr 2006 11:35:29 12,454 posts
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    Gold bullion now $587 per ounce.
  • EatLessMoveMore 3 Apr 2006 11:43:39 126 posts
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    Errol wrote:
    Gold bullion now $587 per ounce.
    Doubled your investment then?
  • Errol 3 Apr 2006 11:49:47 12,454 posts
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    Well, not quite. I purchased gold bullion at around 200 per ounce. It is now 350 per ounce.

    Silver bullion is also worth a look.

    Edited by Errol at 11:50:14 03-04-2006
  • EatLessMoveMore 3 Apr 2006 12:00:04 126 posts
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    Errol wrote:
    Silver bullion is also worth a look.
    Where do you look for prices? Yahoo or your share trader account?
  • Errol 3 Apr 2006 12:02:44 12,454 posts
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    321gold.com.
  • gizmo 3 Apr 2006 12:21:35 2,025 posts
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    But what happens when you want to go on holiday?
  • Errol 17 Apr 2006 18:48:45 12,454 posts
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    Gold bullion now $614.50 dollars an ounce.
  • ProfessorLesser 17 Apr 2006 18:52:38 19,352 posts
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    This thread makes me want to shit myself o_O
  • lost_soul 17 Apr 2006 19:21:15 9,369 posts
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    lost_soul wrote:
    What percentage of your assets do you believe a person should keep in cash, errol?

    I have all of my savings in ISAs and high interest accounts, which is safe I guess, but I can't help but think I should spread some of it around elsewhere.
    Nearly 2 years on and I've still done bugger all with my savings. Wish I'd followed Errol's advice and bought some gold now :-(
  • Errol 1 Feb 2007 15:13:22 12,454 posts
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    Anyone who has all their assets in banks etc should really be looking at diversification of some sort.

    You won't look too clever if/when the fiat currency that this world currently calls money becomes worthless.

    I would suggest gold or silver.
  • otto Moderator 28 May 2007 11:16:19 49,298 posts
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    Well, being a cautious soul, not only do I have one of the last remaining cast iron employee pension schemes left on the planet (not linked to a fund, but directly sourced from the EU budget thx very much - just hoping there's still an EU around to pay my pension in 2032), I also have investments in various index linked funds (all of which have gone down the toilet in the last three years). I've just pulled out of my US index tracker fund though (that'll show them I mean business :p)

    However, before we all get depressed, go read this. :)

    say no to Eurogamer sigs

  • otto Moderator 28 May 2007 11:16:19 49,298 posts
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    Killerbee wrote:
    Surely right now is actually a great time to be buying up shares? I've never invested in the stock market, mainly because I feel its a waste of time unless you put the effort in to do it properly (and I can't be arsed), but buying right now - i.e. just before war kicks off in Iraq - is surely going to be catching the stockmarket at near enough its lowest possible point. And if you keep the shares for a couple of years or more you've got to be onto a winner, no?
    That's the theory, which is why I'm continuing to pour money into my unit trusts in the hope that, in thirty years' time, they'll be through the roof. History suggests they will, but in the meantime it hurts to see the money I've sunk in them so far worth 30% less than it was before I bought them. :p Fortunately it's an 'extra' and not my 'real' pension.

    say no to Eurogamer sigs

  • Errol 14 Sep 2007 22:23:34 12,454 posts
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    Errol wrote:
    Gold bullion now $614.50 dollars an ounce.

    Gold now $708 an ounce.

    Think twice before leaving all your money in any bank/Building Society. Northern Rock will not be the last.
  • LeoliansBro 14 Sep 2007 22:32:46 43,227 posts
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    silentbob wrote:
    I thought this thread was toungue in cheek to begin with. I come here to get away from the mundane questions in life. Threads like these drag my brain kicking and creaming back to earth again.

    Not sure I ever want to see you brain 'creaming' anywhere mate.

    Solid final salary pension. 15% of my salary. Job done.

    LB, you really are a massive geek.

  • twelveways 16 Nov 2007 19:09:00 3,844 posts
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    Ive got over 12 quid in my Betfair account and another 20 already placed on bets.

    This time next year Rodney....
  • Deleted user 16 November 2007 19:46:35
    Pfft. I plan on being dead before retirement age.
  • Deleted user 16 November 2007 19:47:24
    I plan on stealing nekotcha's shoes.
  • terminalterror 16 Nov 2007 19:51:09 18,937 posts
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    When listing Gold prices in dollars, remember that the US dollar is worth a hell of a lot less these days, so you need more of them to buy an ounce of gold.
  • bauhaus 15 Jan 2008 17:55:24 3,511 posts
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    Eliminate debts firstly
  • Jeepers 15 Jan 2008 17:57:42 13,173 posts
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    I could well be mis-remembering here, but I thought the FSA protection was c.30,000 and your ISA limit 7,500.
  • Jeepers 15 Jan 2008 18:04:04 13,173 posts
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    Heh - I'm 100% not an expert in this, and the 30k figure only comes about from what I remember in the early days of the Northern Rock failure.

    What I do know is that - for the average person - the order you should go is:

    Clear debts (as Bauhaus says);
    Get an ISA;
    Buy 30k of Premium Bonds;
    Spend the rest of coke and whores.

    Works for me!
  • DaisyD 15 Jan 2008 18:05:53 11,818 posts
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    Jeepers wrote:
    I could well be mis-remembering here, but I thought the FSA protection was c.30,000 and your ISA limit 7,500.
    I think the ISA limit's gone done to 3000 a year.
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