Savings Interest Rates Getting Worse

rockits

Member
Messages
9,167
Rockits, you are smashing it - amazing! Sounds like you are way ahead of the crowd with risk management and position-sizing. Discipline is key ...
I'm not sure about smashing it. I know one guy that has turned £12k into about £104k in 6 months!

More than happy with results so far but making sure the pot stays there is key. Do have circa £10k paper profit in the accounts not realised yet so still some further headroom.

I never got into any gold, silver or crypto either and that was of course a massive missed opportunity. Sorry Wattie
 

RobinL

Member
Messages
456
I have a managed apartment for Students and have not experienced any problems that were not easily sorted. This year all rental is pure profit after 6 years
Also a managed (I cannot do with aggravation at my time of life) holiday home near Whitby had for about 12 years - all good
I think the only real issue is governments that believe if they make the rental business less attractive we will hand over our properties for free and solve the public housing issues.
Legislation is starting to get more irritating.
Landlord registration, legionella assessments, fire regs (always changing) EPC now for existing properties/rentals, gas checks, electrical circuit testing, PAT testing, plus all else. All of these are fine and dandy to protect safety but they are starting to add up. Throw in that you can't unreasonably refuse pets, DSS, in Scotland you can have a tenancy start date - but no end date. ??
And I understand that HMRC are considering that rentals over a certain thresholds will have to start real time monthly reporting for taxes in the future..
Still worth it though

Sent from my ONEPLUS A5010 using Tapatalk
 

rockits

Member
Messages
9,167
No it’s not a lot of bother at all.
In fact anyone could do it in a few minutes.
Oh c’mon Fc.
I’m positive about lots of stuff, - I’ve tried to share that with others, often faced with ridicule. I use the expression “Ponzi” a lot. Annoys many members, it’s fact.
Fc, do the maths......recently there was a post that said free advice was worth exactly that. Well, go back to when I said buy gold/silver pre Brexit and see if it was worthless advice.

Gold/silver pre Brexit alone .......to date.

By the way, I understand My arrogance may be part of the problem.
My views are so left of field of what is disseminated by your IFA/mainstream that I sound a massive bit mental.
I’m still correct. 99% of you need to sack your IFA for what’s going down.
Adam I really respect you, as u know we’ve never met, but in the same way you are exceptional at what you do, I am too.

I pm’d you my precious metals purchase directly months ago because I hoped it would help and show u I put my money where my mouth is.....i felt we were on the same page. Feel free to post it

Keeping money in a bank is futile. I understand why people do it but u are wasting your time.

I’ve helped others, don’t keep short term money in a bank account,
I’ve no interest in profiting from anything, I’d just like to try to assist those that are concerned about their investments and who would like some guidance.


By the way, this year.
to answer your positive front, I’m around $114,000 up on goldX 1.38 Aud.
My 120kg of silver has gone from around Us $62000 to $112000 x 1.38 Aud.

I have an enormous respect and regard for you and those on this forum. If I can advise and assist some to get their hard earned working more I’m happy to do so.
Great work Wattie. Really pleased for you and that the commitment to your thoughts has worked out well.

Long may it continue to all as an anti inflationary measure to preserve wealth.
 

Froddy

Member
Messages
1,072
I'm not sure about smashing it. I know one guy that has turned £12k into about £104k in 6 months!

More than happy with results so far but making sure the pot stays there is key. Do have circa £10k paper profit in the accounts not realised yet so still some further headroom.

I never got into any gold, silver or crypto either and that was of course a massive missed opportunity. Sorry Wattie
Unless he's a genius (and he may be), he will blow up. Don't worry about anybody else - stick to your plan - you're doing brilliantly in a measured and consistent way.

As for gold and silver, don't worry about that either - no need to chase - there's always tomorrow. You've not succumbed to FOMO which is admirable ...
 

rockits

Member
Messages
9,167
Unless he's a genius (and he may be), he will blow up. Don't worry about anybody else - stick to your plan - you're doing brilliantly in a measured and consistent way.

As for gold and silver, don't worry about that either - no need to chase - there's always tomorrow. You've not succumbed to FOMO which is admirable ...
Thanks and agreed. John is a decent sounding guy I have yet to have the pleasure of meeting. He has had a few ups and downs it seems and just started a new bar/pub business just prior to Covid si has had some challenges.

He knows what he is doing to a point like many of us but is no trading genius. just right time right place with a few stocks especially one in the main.

I'll keep tapping away and see what the rest of the year brings.

Are you stlil doing OK?
 
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Froddy

Member
Messages
1,072
Thanks and agreed. John is a decent sounding guy I have yet to have the pleasure of meeting. He has had a few ups and downs it seems and just started a new bar/pub business just prior to Covid si has had some challenges.

He knows what he is doing to a point like many of use but is no trading genius. Njust right time right place with a few stocks especially one.

I'll keep tapping away and see what the rest of the year bring.

Are you stlil doing OK?

I'm doing fine, thanks - been a rough few months for unrelated reasons, but it hasn't been easy for anybody since mid-March ...

Hope you're okay too ...
 
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Wattie

Member
Messages
8,640
I'm not sure about smashing it. I know one guy that has turned £12k into about £104k in 6 months!

More than happy with results so far but making sure the pot stays there is key. Do have circa £10k paper profit in the accounts not realised yet so still some further headroom.

I never got into any gold, silver or crypto either and that was of course a massive missed opportunity. Sorry Wattie
Rockits you’ve made excellent gains elsewhere so not investing in gold / silver ain’t an error. To be fair, silver, in particular, has tested the patience of many a believer (including me) and has only really produced a return for many in the last 30 days or so.
 

rockits

Member
Messages
9,167
I'm doing fine, thanks - been a rough few months for unrelated reasons, but it hasn't been easy for anybody since mid-March ...

Hope you're okay too ...
Glad to hear and not but hope the troubles subside.

Not by luck but by positioning the business and working to be small, agile and blended was a positive as has made things much less painful than many many others post Covid. I never did it due to Covid as have been doing it partly by choice and part reaction to other factors over the last 2 or so years. Either way it has worked out much better than it would have done if we had been as we were 3-5 years ago.

The people that will survive better will be the ones with elements of control to their futures. In fact of course we all have this option. Just that some will be arsed or some won't. However there will of course be some affected by events initially out of their control. It will be tough for many but I genuinely believe it can make many stronger. Unfortunately a flip affect will also mean so will become weaker. We all have many choices to make over the next few years I think.

Good luck
 

Wattie

Member
Messages
8,640
Amazing, Wattie! Good on you for sticking to your guns, and we all owe you a huge debt of gratitude for sharing your knowledge and energy ...
Let me join the mutual appreciation club Froddy and say that your posts on the shares page front add another dimension of knowledge to try to assist those looking to eek out some gains.
 

rockits

Member
Messages
9,167
Rockits you’ve made excellent gains elsewhere so not investing in gold / silver ain’t an error. To be fair, silver, in particular, has tested the patience of many a believer (including me) and has only really produced a return for many in the last 30 days or so.

I know....I could have dumped the whole lot half into silver and half gold and done better with much less time spent. Seems to be my life to a tee as always seem to have to graft to achieve which I don't mind at all.

Yes, the gold/silver thing really kicked into gear the last month. Even more annoying as I was only have circa 50% spare cash invested so had cash sitting there at the ready that could have easily been used for gold/silver. Hey ho but I'll get in both on some weakening which could be now in fact.

Keep pushing and don't let them (whoever they are) grind you down
 

Wattie

Member
Messages
8,640
I know....I could have dumped the whole lot half into silver and half gold and done better with much less time spent. Seems to be my life to a tee as always seem to have to graft to achieve which I don't mind at all.

Yes, the gold/silver thing really kicked into gear the last month. Even more annoying as I was only have circa 50% spare cash invested so had cash sitting there at the ready that could have easily been used for gold/silver. Hey ho but I'll get in both on some weakening which could be now in fact.

Keep pushing and don't let them (whoever they are) grind you down
You’ve proved that if you take some time to “trade” these markets you can make some really impressive gains. Nothing ever comes easy- you’ve gotta put the work in.
Unfortunately I think many tend to pick an investment and then forget about it, particularly in pensions. I’m not sure the buy and hold approach works anymore.

Hindsight is always frustrating. I wish I’d converted all my gold to silver 40 days ago using that approach!
 

rockits

Member
Messages
9,167
LOL....if it were easy any idiot could achieve anything. Wouldn't be much of a challenge either. Nice to have some easy now and again though!

I'm ready to dump much of what I have if required and if the markets do dump. I'm planning and expecting this but also can't ignore current face strength of the markets to make some gains. We know the fundamentals are screwed and the markets are fake but I am not ever ruling out the possibility the US et al night pull a rabbit out their **** in some way. Unlikely but I'm keeping an open mind on everything and anything at the moment.

Got a few longer term holds likely not or less affected by market falls although it seems they all get tarred with the same brush when there is a mad panic for the exit.

Got about 40 odd positions open but many smaller toe dippers spread across various sectors. Still in GGP, SOLG, NCYT, AVCT, KMR, VLS, SYME as bigger positions so I guess maybe 50% is a mix of miners and Covid plays. With some new enviro tech stuff as well mixing with other odds and ends.

We are just trialing a Forex trading bot shortly as well so will see how that goes.

Just when you think stuff can't get any weirder, crazy, more corrupt or bizarre......it does! It really is crazy a4rsed batsh1t out there at the mo.
 

Wattie

Member
Messages
8,640
LOL....if it were easy any idiot could achieve anything. Wouldn't be much of a challenge either. Nice to have some easy now and again though!

I'm ready to dump much of what I have if required and if the markets do dump. I'm planning and expecting this but also can't ignore current face strength of the markets to make some gains. We know the fundamentals are screwed and the markets are fake but I am not ever ruling out the possibility the US et al night pull a rabbit out their **** in some way. Unlikely but I'm keeping an open mind on everything and anything at the moment.

Got a few longer term holds likely not or less affected by market falls although it seems they all get tarred with the same brush when there is a mad panic for the exit.

Got about 40 odd positions open but many smaller toe dippers spread across various sectors. Still in GGP, SOLG, NCYT, AVCT, KMR, VLS, SYME as bigger positions so I guess maybe 50% is a mix of miners and Covid plays. With some new enviro tech stuff as well mixing with other odds and ends.

We are just trialing a Forex trading bot shortly as well so will see how that goes.

Just when you think stuff can't get any weirder, crazy, more corrupt or bizarre......it does! It really is crazy a4rsed batsh1t out there at the mo.
I’m still in Greatland and NCYT too.
 

rockits

Member
Messages
9,167
I’m still in Greatland and NCYT too.
Cool, good plays I believe. SOLG is certainly worth looking at.

As mentioned before I am 100% open minded to each and all possibilities. This was my concern and apprehension to invest/commit to gold/silver as what happened in 1933 with confiscation is not beyond the realms of possibility to play out again.

It is unlikely but certainly possible. Not sure if it would just by confiscation at agreed value or via making it illegal to sell or sell with added taxes but I don't see the US and the powers that be taking what's on the table laying down.

It seems gold/silver will still increase so I may dip my toe in a little and spread the investments maybe even get some crypto.

One thing is for sure that free and easy untracked movement is now virtually impossible. Also the ability to do things outside the controlled world will become much harder to achieve and these closed down quicker then ever before.

Behind the scenes this is all happening with hidden changing legislation all being sneaked in under many people's radars with Covid and terrorism allowing this all to be introduced. It is only in a few.years time most will realise when it is too late that this has all happened.

I'm not sure what we can do about it but I'll do all I can to protect us against the effects with any current control or man's I have.

Strange times.
 

Felonious Crud

Administrator
Staff member
Messages
21,012
No it’s not a lot of bother at all.
In fact anyone could do it in a few minutes.
Oh c’mon Fc.
I’m positive about lots of stuff, - I’ve tried to share that with others, often faced with ridicule. I use the expression “Ponzi” a lot. Annoys many members, it’s fact.
Fc, do the maths......recently there was a post that said free advice was worth exactly that. Well, go back to when I said buy gold/silver pre Brexit and see if it was worthless advice.

Gold/silver pre Brexit alone .......to date.

By the way, I understand My arrogance may be part of the problem.
My views are so left of field of what is disseminated by your IFA/mainstream that I sound a massive bit mental.
I’m still correct. 99% of you need to sack your IFA for what’s going down.
Adam I really respect you, as u know we’ve never met, but in the same way you are exceptional at what you do, I am too.

I pm’d you my precious metals purchase directly months ago because I hoped it would help and show u I put my money where my mouth is.....i felt we were on the same page. Feel free to post it

Keeping money in a bank is futile. I understand why people do it but u are wasting your time.

I’ve helped others, don’t keep short term money in a bank account,
I’ve no interest in profiting from anything, I’d just like to try to assist those that are concerned about their investments and who would like some guidance.


By the way, this year.
to answer your positive front, I’m around $114,000 up on goldX 1.38 Aud.
My 120kg of silver has gone from around Us $62000 to $112000 x 1.38 Aud.

I have an enormous respect and regard for you and those on this forum. If I can advise and assist some to get their hard earned working more I’m happy to do so.

Morning, fella. I didn’t mean to cause offence. My intent in sharing the rate was for the benefit of people (like me) who like to keep some ready funds on hand (rather than subject to the rises and falls of other investments) and prefer to earn a few quid of interest.

I don’t doubt that your investment approach and insights are solid, and I do need to spend some time reviewing my own distribution of loot whilst making sure that I don’t compromise my guiding principle of always having xx months of money to hand if my income dries up. Don’t assume that all my money is earning 1.x% in an income bond, by the way, but I’m pretty sure it could work harder. If I could match Dean’s 10% monthly return I could give up the day job.

Keep up the good work!
 

Wattie

Member
Messages
8,640
Morning, fella. I didn’t mean to cause offence. My intent in sharing the rate was for the benefit of people (like me) who like to keep some ready funds on hand (rather than subject to the rises and falls of other investments) and prefer to earn a few quid of interest.

I don’t doubt that your investment approach and insights are solid, and I do need to spend some time reviewing my own distribution of loot whilst making sure that I don’t compromise my guiding principle of always having xx months of money to hand if my income dries up. Don’t assume that all my money is earning 1.x% in an income bond, by the way, but I’m pretty sure it could work harder. If I could match Dean’s 10% monthly return I could give up the day job.

Keep up the good work!
No offence taken Fc. Deans 10% is terrific and he’s done really well.

Re inflation, CPI makes no allowances for increasing house prices......it’s no coincidence that young people cannot afford to buy a house on a 4x salary basis that we all used to be able to!

Have you also noticed chocolate bars, loo rolls, toothpaste, less fish fingers in a pack etc etc, certain goods are a lot smaller than they were years ago. Shrinkflation....Price is the same but you get less a lot less......your purchasing power is going down.73807 The
 

rockits

Member
Messages
9,167
Agreed with this Wattie. There are tons of small to notice/see style inflations that combined add up to a much more noticeable bigger deal. Sneaky suckers....well we are the suckers technically!

It is a case of trying to defend against these as much as we can. Also employing some offense where we can. Again lots of small changes and ways all add up to a much bigger combined and noticeable change.
 

Felonious Crud

Administrator
Staff member
Messages
21,012
No offence taken Fc. Deans 10% is terrific and he’s done really well.

Re inflation, CPI makes no allowances for increasing house prices......it’s no coincidence that young people cannot afford to buy a house on a 4x salary basis that we all used to be able to!

Have you also noticed chocolate bars, loo rolls, toothpaste, less fish fingers in a pack etc etc, certain goods are a lot smaller than they were years ago. Shrinkflation....Price is the same but you get less a lot less......your purchasing power is going down.View attachment 73807 The

Thank you. The additional context makes your previous comment far clearer. Ta!