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Hoovie
Devon DIYer
Joined: 27 Jul 2007
Posts: 8042
Location: East Devon
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 Posted: Fri Sep 26, 2008 10:22 am Post subject: Investment Options |
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If you had purchased £1000 of Northern Rock shares one year ago it would now be worth £4.95;
With HBOS, earlier this week your £1000 would have been worth £16.50;
£1000 invested in XL Leisure would now be worth less than £5;
But if you bought £1000 worth of Tennents Lager one year ago, drank it all, then took the empty cans to an aluminium re-cycling plant, you would get £214.
So based on the above statistics the best current investment advice is to drink heavily and re-cycle.
A sobering thought..
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I went to a bookstore and asked the saleswoman, "Where's the self-help section?"
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ultimatehandyman
Site Admin
Joined: 16 Jul 2005
Posts: 9756
Location: Darwen, Lancashire
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| Posted: Fri Sep 26, 2008 12:40 pm Post subject: |
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I stopped dealing in shares about 10 years ago as they were just too risky and the private investor never gets as much info as those on the inside.
I wonder ho much councils make from the aluminium cans that are thrown in the recycling bins?
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Hoovie
Devon DIYer
Joined: 27 Jul 2007
Posts: 8042
Location: East Devon
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| Posted: Fri Sep 26, 2008 12:47 pm Post subject: |
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I have just switched my investment portfolio (get her!  ) to make it 50% cash savings investment (might even have been 75%!) for the next 12 months so the pension pot doesn't drop even more!
may loose out if the shares recover, but right now, think it is best to play safe 
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I went to a bookstore and asked the saleswoman, "Where's the self-help section?"
She said if she told me, it would defeat the purpose. |
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ultimatehandyman
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Joined: 16 Jul 2005
Posts: 9756
Location: Darwen, Lancashire
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| Posted: Fri Sep 26, 2008 1:48 pm Post subject: |
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I pay the bare minimum into my pension at work, which is 1%
I think for every 1% I pay in the company either match it or double what I pay in ( can't remember which ) even so it is a bad investment in my eyes.
It was only a few years back that we had to increase our pension contributions because the pension fund had lost shed loads of money. Now they say they can earn us about 6% per annum- Whippy flippin doo!
I'd rather have the money myself and then I know that I WILL NOT LOOSE IT 
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Hoovie
Devon DIYer
Joined: 27 Jul 2007
Posts: 8042
Location: East Devon
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| Posted: Fri Sep 26, 2008 2:04 pm Post subject: |
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chez - if they do that, then you should think most carefully about what you do there 
my company do the same thing up to 8% - so for each % I put in, they put in 1% until the combined amount is 16% - If I did the 1% option, I would just be throwing away 7%
Which means, say I pay tax at basic rate, If I stick in £1, the total amount going in is actually about £1.30 from me (as it is £1 before Tax and NI) and then they add in £1 to match my £1, so each quid I take out my wage and put into pension, actually £2.30 odd goes in. so the investments have to drop a lot to actually be less then you would get by taking that £1 and sticking it into a building society account (and not saying they cannot do so, of course!)
But especially if you have any control over how they invest it, you should think hard about this
(my company has masses of different schemes due to the way staff join and even for me, I can mix and match between about 8 different investmemnt funds)
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I went to a bookstore and asked the saleswoman, "Where's the self-help section?"
She said if she told me, it would defeat the purpose. |
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ultimatehandyman
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Joined: 16 Jul 2005
Posts: 9756
Location: Darwen, Lancashire
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| Posted: Fri Sep 26, 2008 2:51 pm Post subject: |
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I'd rather invest the money in something that is guaranteed and so I'll probably buy a couple of properties in the near future- when the credit crunch hits a bit harder. There should be a few bargains about by then
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Hoovie
Devon DIYer
Joined: 27 Jul 2007
Posts: 8042
Location: East Devon
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| Posted: Fri Sep 26, 2008 3:19 pm Post subject: |
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well, doing your own investment is def more flexible  - my pension plan money is trapped effectively for another 20 odd years
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I went to a bookstore and asked the saleswoman, "Where's the self-help section?"
She said if she told me, it would defeat the purpose. |
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