Jump to content
House Price Crash Forum
Sign in to follow this  
bdon

Wealth Protection

Recommended Posts

As you know, I STR some months ago and am currently storing my little pot as;

10% gold (BV)

30% FTSE (isa)

55% cash (icesave, citibank, etc)

5% non-uk equity (gartmore china)

I too feel that a major correction is a-coming and get worried by phrases like "inflation" and "massive sterling collapse". Any advice guys on how to protect for the next few years until houses become affordable again?

Share this post


Link to post
Share on other sites
As you know, I STR some months ago and am currently storing my little pot as;

10% gold (BV)

30% FTSE (isa)

55% cash (icesave, citibank, etc)

5% non-uk equity (gartmore china)

I too feel that a major correction is a-coming and get worried by phrases like "inflation" and "massive sterling collapse". Any advice guys on how to protect for the next few years until houses become affordable again?

Assetwise:

Take a guess, thats the best you can do. Own physical assets (cash, gold, property, land, food, etc...) at this time I wouldn't have anything locked into the system.

Jobwise:

Train to be a lawyer, stand as an MP or become a low-profile gangmaster...all the same skills are needed so you can pick one and you'll be qualified for the others.

Share this post


Link to post
Share on other sites

Bah, if you had put the whole lot into BAE rebound as I did, then you would have made 2% in 10 minutes. Making the yearly return a lot higher.

Edit: to ward off looking like a smug person, I guess i meant returns will be below inflation unless you take a bit of risk.

Edited by maxwell

Share this post


Link to post
Share on other sites
Assetwise:

Take a guess, thats the best you can do. Own physical assets (cash, gold, property, land, food, etc...) at this time I wouldn't have anything locked into the system.

Jobwise:

Train to be a lawyer, stand as an MP or become a low-profile gangmaster...all the same skills are needed so you can pick one and you'll be qualified for the others.

Assets:

You're right that I'm under on property/land - but being here of course means I think they're stupidly expensive. Are you suggesting that my electronic accounts with the banks etc are basically value-less?

Jobwise:

all too greasy - can't one be nice these days?

Share this post


Link to post
Share on other sites
Assets:

You're right that I'm under on property/land - but being here of course means I think they're stupidly expensive. Are you suggesting that my electronic accounts with the banks etc are basically value-less?

Jobwise:

all too greasy - can't one be nice these days?

Not saying your vitual assets are valueless but when its in other peoples hands and those hands are also throwing dice on the craps table, it might worth thinking twice.

Depends what you mean by nice? You could try charity organizations or council work, they pay well at the top if you want to be "nice". If you looking to make a long-term sustainable life for yourself in this country then the aformentioned vocations are you best chance for now.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 355 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.