Spider Posted June 24, 2023 Posted June 24, 2023 44 minutes ago, captainmed said: Joe has had it good now for many many years with historically low interest rates. He should have savings unless he’s been living beyond his means. Its payback time. Thought so. Ladder up. we got there quicker than normal so fair play to you for that. Quote
Casino Posted June 24, 2023 Posted June 24, 2023 Keep it simple for me Somebody buys a bond, like i say, keep it simple, and in 12 months its worth 6% more??? If so, thats still less than inflation, so Im struggling to see the good news Quote
Spider Posted June 24, 2023 Posted June 24, 2023 2 minutes ago, Casino said: Keep it simple for me Somebody buys a bond, like i say, keep it simple, and in 12 months its worth 6% more??? If so, thats still less than inflation, so Im struggling to see the good news How do I buy a bond? Quote
Casino Posted June 24, 2023 Posted June 24, 2023 15 minutes ago, Spider said: How do I buy a bond? I dunno if you van Thats why we are keeping it simple Point is, even if Im getting a 6% ROI, im still losing Quote
Spider Posted June 24, 2023 Posted June 24, 2023 7 minutes ago, Casino said: I dunno if you van Thats why we are keeping it simple Point is, even if Im getting a 6% ROI, im still losing Apparently everyone should have stacks of savings, even though the banks then the Tories have caused carnage to the economy. save money, or buy food for the family? Tough shit Quote
Zico Posted June 25, 2023 Posted June 25, 2023 10 hours ago, Spider said: How do I buy a bond? https://www.bwfc.co.uk/news/2023/may/wanderers-launch-investment-bond-initiative/ Quote
captainmed Posted June 25, 2023 Posted June 25, 2023 16 hours ago, Casino said: Keep it simple for me Somebody buys a bond, like i say, keep it simple, and in 12 months its worth 6% more??? If so, thats still less than inflation, so Im struggling to see the good news Listen you know that with inflation at these levels you won’t get a ROI higher than that. When part of last weeks 0.5% is passed on then there will be 1 year fixed bonds available for 6%. The best currently is 5.75%. Inflation will fall throughout that period and the rate is locked in. Current rate accounts are available @ 3.8% + as you will know. There will be plenty of people with money in the big banks earning 0.7% interest because they’re lazy. Inflation has been between 2 & 4% over the last few years and savings rates were virtually zero. Say net 3%. Now currently we are the same - inflation is 8.7% minus the 6% bond - 2.7%. Quote
Spider Posted June 25, 2023 Posted June 25, 2023 48 minutes ago, captainmed said: Listen you know that with inflation at these levels you won’t get a ROI higher than that. When part of last weeks 0.5% is passed on then there will be 1 year fixed bonds available for 6%. The best currently is 5.75%. Inflation will fall throughout that period and the rate is locked in. Current rate accounts are available @ 3.8% + as you will know. There will be plenty of people with money in the big banks earning 0.7% interest because they’re lazy. Inflation has been between 2 & 4% over the last few years and savings rates were virtually zero. Say net 3%. Now currently we are the same - inflation is 8.7% minus the 6% bond - 2.7%. How does one get a government bond? My savings are currently earning 1.5% at best. I promise I’ve not been scrounging off furlough, or living beyond my means, or hanging around on estates taking drugs. So your secret will be safe with me. Quote
Cheese Posted June 25, 2023 Posted June 25, 2023 The good old days really are returning. How lovely. Quote
Zico Posted June 25, 2023 Posted June 25, 2023 8 minutes ago, Cheese said: The good old days really are returning. How lovely. A burst pipe? Quote
captainmed Posted June 25, 2023 Posted June 25, 2023 3 hours ago, Spider said: How does one get a government bond? My savings are currently earning 1.5% at best. I promise I’ve not been scrounging off furlough, or living beyond my means, or hanging around on estates taking drugs. So your secret will be safe with me. https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/ Just be aware that FSCS only covers you for £85K should the bank go bump. Quote
Spider Posted June 25, 2023 Posted June 25, 2023 3 minutes ago, captainmed said: https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/ Just be aware that FSCS only covers you for £85K should the bank go bump. Where’s the government bond bit? I just Chuck mine in a savings account but you mentioned 6%. That’s what I’m after, Quote
captainmed Posted June 25, 2023 Posted June 25, 2023 (edited) 43 minutes ago, Spider said: Where’s the government bond bit? I just Chuck mine in a savings account but you mentioned 6%. That’s what I’m after, I never mentioned “Govt” bonds and I said “approaching” 6%. They are fixed rate bonds of varying lengths through banks etc…. The 6% deals will be available within a week or so when they pass some of the 0.5% rate rise from last week. Edited June 25, 2023 by captainmed Quote
gonzo Posted June 25, 2023 Posted June 25, 2023 2 hours ago, Zico said: A burst pipe? Burst pipe my arse. UU are releasing human shite into rivers and seas all over the gaff. Quote
Spider Posted June 25, 2023 Posted June 25, 2023 25 minutes ago, captainmed said: I never mentioned “Govt” bonds and I said “approaching” 6%. They are fixed rate bonds of varying lengths through banks etc…. The 6% deals will be available within a week or so when they pass some of the 0.5% rate rise from last week. You said “one year bond rates are approaching 6%” Which bonds were you referring to? Quote
mickbrown Posted June 25, 2023 Posted June 25, 2023 10 minutes ago, gonzo said: Burst pipe my arse. UU are releasing human shite into rivers and seas all over the gaff. It will reduce shareholder dividends to do it properly. Rather the plebs put up with turds than folk do without their profits. Quote
Spider Posted June 25, 2023 Posted June 25, 2023 2 minutes ago, mickbrown said: It will reduce shareholder dividends to do it properly. Rather the plebs put up with turds than folk do without their profits. They are GRAFTING for those dividends. Poor mites have earned them. Hours and months of working their fingers to the bone. Stop being so negative. Quote
gonzo Posted June 25, 2023 Posted June 25, 2023 5 minutes ago, mickbrown said: It will reduce shareholder dividends to do it properly. Rather the plebs put up with turds than folk do without their profits. Check out Paul Whithouses our troubled rivers series. Its a fucking disgrace. (Copyright Bernard Manning) Quote
Casino Posted June 26, 2023 Posted June 26, 2023 Are diesel prices pretty much back to where they were? Quote
MickyD Posted June 26, 2023 Posted June 26, 2023 At the petrol station near Somerton Road Diesel was cheaper than unleaded last week. Quote
Casino Posted June 26, 2023 Posted June 26, 2023 i just fill up when the gauge is on 0 miles, so no shopping around it was 1.30 something on crompton way last night about 3p more than unleaded Quote
Winchester White Posted June 26, 2023 Posted June 26, 2023 (edited) We heading into a recession? Edited June 26, 2023 by Winchester White Quote
Sweep Posted June 26, 2023 Posted June 26, 2023 49 minutes ago, Winchester White said: We heading into a recession? The BoE hopes so...... Quote
Spider Posted June 26, 2023 Posted June 26, 2023 52 minutes ago, Winchester White said: We heading into a recession? Well well well Quote
Sweep Posted June 26, 2023 Posted June 26, 2023 3 hours ago, Casino said: Are diesel prices pretty much back to where they were? I reckon they're pretty much back to the same sort of pricing levels as 18~24 months ago, which is good. Hopefully they'll fall a little further. Quote
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