iansheff Posted November 8, 2011 Share Posted November 8, 2011 Well I was going to have solar panels fitted but not now as to get the FIT at the price it is now the system has to be in and commissioned for 8th Dec I think, and I read that was not possible. Link to comment Share on other sites More sharing options...
andyofborg Posted November 8, 2011 Share Posted November 8, 2011 PUT IT under your mattress put it under my mattress Link to comment Share on other sites More sharing options...
andyofborg Posted November 8, 2011 Share Posted November 8, 2011 apart frim having a job, whats yout best ways to invest your money? you could lend it to chem, so he can buy a BTL property or two and you can split the profits Link to comment Share on other sites More sharing options...
kingspan23 Posted November 14, 2011 Share Posted November 14, 2011 invest in ecofriendly and wallet friendly energy sources such as solar panels, and better boilers. They can help save you lots of money and soon pay for themselves. Link to comment Share on other sites More sharing options...
truman Posted November 14, 2011 Share Posted November 14, 2011 you could lend it to chem, so he can buy a BTL property or two and you can split the profits :hihi: Link to comment Share on other sites More sharing options...
Bladesman Posted November 14, 2011 Share Posted November 14, 2011 Get a decent ISA with say someone like Fidelity or Invesco rather than some crappy bank ISA from HSBC etc. Link to comment Share on other sites More sharing options...
Vague_Boy Posted November 15, 2011 Share Posted November 15, 2011 apart frim having a job, whats yout best ways to invest your money? A job is not an investment vehicle. It's not always wise to have a job? Consider you can earn by working, enough to increase your savings, by X%, but lose X+% due to inflation... And unemployed people aren't affected by inflation? Food, gas, electric? Things like that? Pensioners and those on benefits beware the Government's inflation con trick Get a decent ISA with say someone like Fidelity or Invesco rather than some crappy bank ISA from HSBC etc. My ISA pays 3.9% tax free and even that's not enough to counter the pernicious effects of inflation. With the true inflation figure at least 6%, you would need an account paying 6% after tax (or tax free in the case of an ISA) just to stand still. Anything less and you're losing money. Or, to put it more accurately, it is being stolen from you to prop up the ailing housing market. Savers subsidise homebuyers by £100 billion a year The Bank of England's low base rate is subsidising homebuyers at the expense of savers, says Lorna Bourke. £100 billion subsidy Inflation at a frightening 5.6% – or ‘only’ 5.2% if you believe the consumer price index – is devastating for us all, particularly as incomes are static or even falling. But it is far worse for savers, who suffer erosion of their spending power, than for borrowers, whose debts are inflated away while they pay record low rates. Figures from HSBC have revealed the massive extent to which savers are now subsidising borrowers. Savers are paying more than £100 billion a year as an interest-rate subsidy to borrowers, while suffering a massive erosion of their savings – and there is little or nothing they can do about it. Savers massively worse off HSBC looked at the relatively recent past – in 1984, 1988 and 1991 inflation was running at around 5% – and compared the figures with today. It found that the average saver now holds three times more than in 1991, yet earns only a third of the income. LINK Link to comment Share on other sites More sharing options...
Halibut Posted November 15, 2011 Share Posted November 15, 2011 A job is not an investment vehicle. And unemployed people aren't affected by inflation? Food, gas, electric? Things like that? Pensioners and those on benefits beware the Government's inflation con trick My ISA pays 3.9% tax free and even that's not enough to counter the pernicious effects of inflation. With the true inflation figure at least 6%, you would need an account paying 6% after tax (or tax free in the case of an ISA) just to stand still. Anything less and you're losing money. Or, to put it more accurately, it is being stolen from you to prop up the ailing housing market. LINK And the good news is? Link to comment Share on other sites More sharing options...
MrSmith Posted November 15, 2011 Share Posted November 15, 2011 A job is not an investment vehicle. And unemployed people aren't affected by inflation? Food, gas, electric? Things like that? Pensioners and those on benefits beware the Government's inflation con trick My ISA pays 3.9% tax free and even that's not enough to counter the pernicious effects of inflation. With the true inflation figure at least 6%, you would need an account paying 6% after tax (or tax free in the case of an ISA) just to stand still. Anything less and you're losing money. Or, to put it more accurately, it is being stolen from you to prop up the ailing housing market. LINK They do seem to have it the wrong way round; borrowers should be giving savers growth on their savings. What’s annoying me is that when interest rates were high I had mortgage, now I have no mortgage and have saving interest rates are low. Link to comment Share on other sites More sharing options...
Murphy Jnr Posted November 15, 2011 Share Posted November 15, 2011 Marry into a wealthy family and fleece them for all you can get. Link to comment Share on other sites More sharing options...
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