Si1 Posted January 2 Share Posted January 2 Reads like a comedy list. They've got so much money to burn and so little critical thinking to apply to it. Here's my anecdotal list so far: - McCarthy and Stone retirement flats. - Fixed rate cash ISAs. Count em. - Lottery tickets (bought in minimum denominations of 10 and described as an investment for their grandchildren) - crypto. That's the latest thing. Quote Link to comment Share on other sites More sharing options...
Gbob Posted January 2 Share Posted January 2 (edited) You forgot premium bonds. Granny loves those. Oh and gold 'collectors' coins for about 200% over spot value. Edited January 2 by Gbob Quote Link to comment Share on other sites More sharing options...
winkie Posted January 2 Share Posted January 2 Why do people boast about having a BTL as if it was something to be proud about?......would keep it quiet, people not doing a lot, making from others hard work or from other tax payers. Quote Link to comment Share on other sites More sharing options...
Si1 Posted January 2 Author Share Posted January 2 8 minutes ago, Gbob said: Oh and gold 'collectors' coins for about 200% over spot value. Off a Sunday supplement, with Lady Di on? Quote Link to comment Share on other sites More sharing options...
Unmoderated Posted January 2 Share Posted January 2 8 minutes ago, Gbob said: You forgot premium bonds. Granny loves those. Oh and gold 'collectors' coins for about 200% over spot value. I love them too. I've got the maximum in there. Terrible investment though. Oh look, I've won £250. Oh look a nice bottle of whisky for £250. I guess would make sense if you have something like £40K in there and just reinvested the proceeds. Each month I get a fairly reliable win of, on average, £170 so far. Plus, there's a chance you could scoop £5k or even £1M (all but certainly not going to happen). Tax free though and a great, safe, place to chuck some spare cash if you need to keep it to hand. The gold coins are for mugs though. Quote Link to comment Share on other sites More sharing options...
14stFlyer Posted January 2 Share Posted January 2 5 minutes ago, winkie said: Why do people boast about having a BTL as if it was something to be proud about?......would keep it quiet, people not doing a lot, making from others hard work or from other tax payers. I am with you on this Winkie. We will know our society has recovered from its sickness when BTL owners are ashamed of themselves, of the cut they are taking of other peoples hard earned cash, and of the misery and lack of stability they have caused to families who cannot afford a family home. Quote Link to comment Share on other sites More sharing options...
winkie Posted January 3 Share Posted January 3 15 hours ago, 14stFlyer said: I am with you on this Winkie. We will know our society has recovered from its sickness when BTL owners are ashamed of themselves, of the cut they are taking of other peoples hard earned cash, and of the misery and lack of stability they have caused to families who cannot afford a family home. It is possible for all to have enough, but that is not the world we live in unfortunately......nothing will change will only get worse. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted January 3 Share Posted January 3 16 hours ago, Unmoderated said: I love them too. I've got the maximum in there. Terrible investment though. Oh look, I've won £250. Oh look a nice bottle of whisky for £250. I guess would make sense if you have something like £40K in there and just reinvested the proceeds. Each month I get a fairly reliable win of, on average, £170 so far. Plus, there's a chance you could scoop £5k or even £1M (all but certainly not going to happen). Tax free though and a great, safe, place to chuck some spare cash if you need to keep it to hand. The gold coins are for mugs though. My wife and I keep the maximum in premium bonds and put the monthly winnings into an instant access savings account, the only instant access account we have other than our premium bonds, to go towards the next year's ISA allowances. ISAs are good too. each year we can transfer £20k each from tax paying accounts into non tax paying ISA accounts. Why do some posters delight in taking the piss out of us oldies for doing what oldies have done for generations, and that is seeking low risk homes for our hard earned, albeit some years ago, money? Quote Link to comment Share on other sites More sharing options...
Unmoderated Posted January 3 Share Posted January 3 1 hour ago, Bruce Banner said: My wife and I keep the maximum in premium bonds and put the monthly winnings into an instant access savings account, the only instant access account we have other than our premium bonds, to go towards the next year's ISA allowances. ISAs are good too. each year we can transfer £20k each from tax paying accounts into non tax paying ISA accounts. Why do some posters delight in taking the piss out of us oldies for doing what oldies have done for generations, and that is seeking low risk homes for our hard earned, albeit some years ago, money? I'm an oldie at heart. I'm going to make an excellent retiree when I get there And... right on cue. £200 won today. It's a nice bit of fun and tax free. I guess the only issue I have is it's not a reliable return and I would prefer they scrapped the million prizes and gave more £10K... for a £50K investment a £10K return is ample... then again..... you never know! Quote Link to comment Share on other sites More sharing options...
Si1 Posted January 3 Author Share Posted January 3 2 hours ago, Bruce Banner said: My wife and I keep the maximum in premium bonds and put the monthly winnings into an instant access savings account, the only instant access account we have other than our premium bonds, to go towards the next year's ISA allowances. ISAs are good too. each year we can transfer £20k each from tax paying accounts into non tax paying ISA accounts. Why do some posters delight in taking the piss out of us oldies for doing what oldies have done for generations, and that is seeking low risk homes for our hard earned, albeit some years ago, money? That's fine, but there really is some random cr#p too. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted January 3 Share Posted January 3 Quote Link to comment Share on other sites More sharing options...
Armus Posted January 3 Share Posted January 3 On 1/2/2024 at 4:19 PM, Gbob said: You forgot premium bonds. Granny loves those. Oh and gold 'collectors' coins for about 200% over spot value. Genuine question - where can you get gold coins close to spot price? Places I've looked seem to have a hefty margin applied. Quote Link to comment Share on other sites More sharing options...
Si1 Posted January 19 Author Share Posted January 19 On 03/01/2024 at 11:40, Bruce Banner said: More triple lock pension to supplement our cash ISAs! Quote Link to comment Share on other sites More sharing options...
70PC Posted January 19 Share Posted January 19 Professional renting companies provide an essential service. What we see are BTL's outbidding young people with limited funds and then dumping the cost of servicing their debt on the renter. Many lack know how, ethics or the means to provide a decent service. Parasites should not brag. On 1/2/2024 at 4:28 PM, winkie said: Why do people boast about having a BTL as if it was something to be proud about?......would keep it quiet, people not doing a lot, making from others hard work or from other tax payers. On 1/2/2024 at 4:34 PM, 14stFlyer said: I am with you on this Winkie. We will know our society has recovered from its sickness when BTL owners are ashamed of themselves, of the cut they are taking of other peoples hard earned cash, and of the misery and lack of stability they have caused to families who cannot afford a family home. Quote Link to comment Share on other sites More sharing options...
Stewy Posted February 2 Share Posted February 2 Won £225 this month on the Premium Bonds 👍 Big chunk of annual ISA interest on the way in April 👍 Too much money sloshing about and not enough things to spend it on! Quote Link to comment Share on other sites More sharing options...
Data Dave Posted February 6 Share Posted February 6 Cash too. I know not an investment especially in this day and age with inflation 😂 but generations of old would have little stashes of coins and banknotes around the house. Not so common now I’d say but could be wrong. Itz all digital theez dayz Quote Link to comment Share on other sites More sharing options...
Si1 Posted February 12 Author Share Posted February 12 On 06/02/2024 at 23:39, Data Dave said: Cash too. I know not an investment especially in this day and age with inflation 😂 but generations of old would have little stashes of coins and banknotes around the house. Not so common now I’d say but could be wrong. Itz all digital theez dayz I read somewhere recently that a characteristic of older generations is extremely conservative saving habits that have translated into the same into old age. This worked well for them in their working lives when cash returns were generous and real estate was cheap. But it's a disaster now as (1) cash returns these last few decades have been awful and (2) their own children have been desperately short of cash for house deposits in a much much more difficult housing market. Quote Link to comment Share on other sites More sharing options...
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