Cost of living!

[Mysterae]

And the SNP just keep piling it on. Comes in to effect in March this year.

https://www.heraldscotland.com/politics/19908398.astonishing-snp-minister-jenny-gilruth-confirms-no-upper-limit-fee-workplace-parking-levy/

The bar had been set by Nottingham where an employer with more than 10 parking spaces pays £400 per space, it turns out not even the sky is a limit anymore. 

[Frickin_idiot]

Employers need to vote with their feet and relocate south of the border. This policy is absolutely insane.

You cannot tax a nation into prosperity.

[Mysterae]

Moving south won't save you, take Nottingham as an example. Other councils will take note and see it as a feasible revenue stream and then label it under a 'green initiative'. 

[C8RKH]

You're right @Mysterae. 

[Mark Blanchard]

Anyone got any bright ideas how to shelter their savings from inflation?  The savings are currently earning 0.6% interest and inflation is running at 5.4% (or 7.5% RPI).

Not sure about buying shares at the moment as the stock market seems high.

Any idea's welcome.

 

[Barrykearley]

Sit tight chap - there’s a crash a coming

[windymiller]

1 hour ago, Mark Blanchard said:

Anyone got any bright ideas how to shelter their savings from inflation?  The savings are currently earning 0.6% interest and inflation is running at 5.4% (or 7.5% RPI).

Not sure about buying shares at the moment as the stock market seems high.

Any idea's welcome.

 

million dollar question !!! lots of interesting info out there but many pundits disagree with each other, hedging ones bets with a few plays and some in cash, personally i enjoy watching https://www.youtube.com/c/MoneyandMarketswithDominicFrisby  for info

[Mark Blanchard]

5 hours ago, Barrykearley said:

Sit tight chap - there’s a crash a coming

That’s what I’ve been doing.  A mate in the city said the same too.  I wish it would hurray up though!

3 hours ago, windymiller said:

million dollar question !!! lots of interesting info out there but many pundits disagree with each other, hedging ones bets with a few plays and some in cash, personally i enjoy watching https://www.youtube.com/c/MoneyandMarketswithDominicFrisby  for info

Thanks for the link, I’ll give it a watch.

[Kimbers]

17 hours ago, Barrykearley said:

Sit tight chap - there’s a crash a coming

There's always a crash coming its just how long between crashes and the market invariably goes back above where it was (normally minus a company or 2). 

 

17 hours ago, Mark Blanchard said:

Anyone got any bright ideas how to shelter their savings from inflation?  The savings are currently earning 0.6% interest and inflation is running at 5.4% (or 7.5% RPI).

Not sure about buying shares at the moment as the stock market seems high.

Any idea's welcome.

 

I just bid on nearly 100 items of Gold in auctions. Every single bid I made was below Scrap Price of the Gold and I actually won 8 items including a 30g Gold Ingot that I got for £50 less than its scrap value, a Sovereign that was £40 behind its value and a Kruggerand at a rediculous price that someone obviously forgot to put a reserve on! My next plan is next year when I am 55 to cash in one of my pensions thats worth £80 a month and buy a holiday home to both save us money (when we go there) and rent out in peak season. Then when I retire fully I buggering off, keeping the Holiday home and selling the overpriced place I have here!

[LotusLeftLotusRight]

But if the gold scrap price falls before you’ve converted it into cash, that would be a lot of time and effort invested for not much reward.

[Kimbers]

1 hour ago, LotusLeftLotusRight said:

But if the gold scrap price falls before you’ve converted it into cash, that would be a lot of time and effort invested for not much reward.

We are talking retirement fund mate. Over the medium term I am looking at Gold prices invariably rise. I have sovereigns I bought 12 years ago that I paid £230 for. Now they are £320

[windymiller]

mr frisby see's gold as breaking on the upside, if theres a "correction" on the horizon precious metals and cyrpto will be the safe haven ?? unless crypto leaks too in which case gold it is !!! although certain lego sets have beaten gold in rise of value historically but my nephews trashed all my toys that would all be worth good money now !!! 😔

[Kimbers]

My Brother in law is a Lego nut. He always buys 2 sets. One he puts away unopened and one he opens and makes. His friend is a Lego Designer over in Denmark so he gets some pretty cool sets!

Personally I wish I hadn't opened and played with, then chucked away, all my Star Wars figurines. I had some rare ones dad used to bring back from America and I have seen similar sell in boxes at over $20,000

[LotusLeftLotusRight]

The only sound bit of financial advice I can recommend is don’t listen to anyone else’s financial advice.

[Barrykearley]

Put it all on Black 👍👍

[exeterjeep]

Do you mean black and gold...

[pete]

[C8RKH]

5 hours ago, windymiller said:

cyrpto will be the safe haven

Really. Crypto. Safe?  Pass me your pipe, I'll have some of that.

[Mysterae]

It's been good for me (crypto, not the pipe!).

[C8RKH]

7 hours ago, Mysterae said:

It's been good for me (crypto, not the pipe!).

I was not referring to its potential to deliver returns, but it being classified as "safe".

[Barrykearley]

8 minutes ago, C8RKH said:

but it being classified as "safe

Nope - you are wrong again dear boy. You will find the North Koreans find crypto a very safe form of revenue.

[C8RKH]

Hey, people can do what they want with their money, invest it where they want. But I do get pissed off when "get rich quick schemes" become a flushed rush and people then complain and demand compensation, or whine and whinge that it "wasn't fair and they should be compensated".

I have no doubt some people are doing very well thank you in crypto. I wish them all the best but IF it does go tits up, stfu about it and how hard done to you have been. History is littered with examples of stuff like this, why people think because crypto is based on "technology" it is different then, well, I'll stfu.  The trick as ever is to get in early, make your millions, then get out before the shit hits the fan.

[Barrykearley]

https://www.bbc.co.uk/news/world-asia-60281129

https://www.bbc.co.uk/news/business-59990477

You might have overlooked my subtle sarcasm @C8RKH

[windymiller]

i did state "crypto will be the safe haven" followed by two question marks !!!

[Barrykearley]

Crypto will do very well since it’s untraceable and easy to move. 
 

it’s becoming a massive problem - Hmrc are now all over cash outs and hunting for the money. Solicitors now are having to report on anti money laundering checks where crypto is involved. Buying a house with it - ummm yeah many mortgage lenders simply won’t accept you if the money has been sourced from crypto.

the government is trying to crack down through regulations that are currently in place and make if difficult for folks to launder their crypto cash