Sorry, embarrassing question about money
Jun 18th 2011, 8:46 pm
#16
Proudly Deplorable
Joined: May 2003
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Re: Sorry, embarrassing question about money
I am just about to watch the movie Rango with my son.
It looks good, is it?
It looks good, is it?
Jun 18th 2011, 8:56 pm
#18
Rhino with a big horn!
Joined: Feb 2011
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Re: Sorry, embarrassing question about money
Jun 18th 2011, 8:56 pm
#19
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Thread Starter
Joined: Sep 2006
Posts: 4,374
Re: Sorry, embarrassing question about money
It took me a long time to come to the conclusion that we are definately not buying ANY property!
At 47 I have been in financial strife in my time (recession in the 80's, OH had a business that went tits up), so i therefore dont want to be struggling with a mortgage, investment property,no, definately not
, in short we probably could not afford it, having roughly only a 15% deposit, and just about getting by renting! We could probably afford another 150 dollars a week in rent, but thats about it, and we do save this.
Sure i would love to travel, but at the moment i still have two girls to support, and for me it , being the type of person i am , it is more important to me that one day i will be able to retire. i have became obsessed about retirement (am definatley becoming more ozzified by the minute,
). In my mind i just want to know i have some financial stability for the future. I will be entitled to the full pension from the u.k , having worked there 27 years (and paid the rest here), and super from the nhs uk, and i invest more in super here , rightly or wrongly!
I do intend to talk to a financial advisor (will get round to it some time, for me thats an arduous task! I hate stuff like that (which probably explains my situation now).
So its good that i can sound things out a bit on here, and dont worry i have been around BE long enough, to know not to risk my life on it.
At 47 I have been in financial strife in my time (recession in the 80's, OH had a business that went tits up), so i therefore dont want to be struggling with a mortgage, investment property,no, definately not
, in short we probably could not afford it, having roughly only a 15% deposit, and just about getting by renting! We could probably afford another 150 dollars a week in rent, but thats about it, and we do save this.Sure i would love to travel, but at the moment i still have two girls to support, and for me it , being the type of person i am , it is more important to me that one day i will be able to retire. i have became obsessed about retirement (am definatley becoming more ozzified by the minute,
). In my mind i just want to know i have some financial stability for the future. I will be entitled to the full pension from the u.k , having worked there 27 years (and paid the rest here), and super from the nhs uk, and i invest more in super here , rightly or wrongly!I do intend to talk to a financial advisor (will get round to it some time, for me thats an arduous task! I hate stuff like that (which probably explains my situation now
).So its good that i can sound things out a bit on here, and dont worry i have been around BE long enough, to know not to risk my life on it.
Jun 18th 2011, 8:59 pm
#20
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Joined: Sep 2006
Posts: 4,374
Re: Sorry, embarrassing question about money
To be completely honest I'd stuff it into a 6.10% short term deposit or a high interest account. Looking at the global stock markets and commodities dumping this week nothing is safe other than cash in a bank. Property here is a bad bet and I think the whole global economy is pitching south now. Best safe than sorry because my own shares and commodities are covered in blood this week. It's not a buy - I think things are moving bearish.
Edit- Dean mkII may be right long term with gold in time but I don't think the correction is done yet.
Edit- Dean mkII may be right long term with gold in time but I don't think the correction is done yet.
Jun 18th 2011, 9:00 pm
#22
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Joined: Jul 2006
Posts: 14,188
Re: Sorry, embarrassing question about money
I do intend to talk to a financial advisor (will get round to it some time, for me thats an arduous task! I hate stuff like that (which probably explains my situation now).
So its good that i can sound things out a bit on here, and dont worry i have been around BE long enough, to know not to risk my life on it.
).So its good that i can sound things out a bit on here, and dont worry i have been around BE long enough, to know not to risk my life on it.
Jun 18th 2011, 9:02 pm
#23
Rhino with a big horn!
Joined: Feb 2011
Posts: 3,117
Re: Sorry, embarrassing question about money
Jun 18th 2011, 9:02 pm
#24
Possum. Amiculum. Latrina
Joined: Jan 2011
Location: Footloose
Posts: 3,427
Re: Sorry, embarrassing question about money
It took me a long time to come to the conclusion that we are definately not buying ANY property!
At 47 I have been in financial strife in my time (recession in the 80's, OH had a business that went tits up), so i therefore dont want to be struggling with a mortgage, investment property,no, definately not, in short we probably could not afford it, having roughly only a 15% deposit, and just about getting by renting! We could probably afford another 150 dollars a week in rent, but thats about it, and we do save this.
Sure i would love to travel, but at the moment i still have two girls to support, and for me it , being the type of person i am , it is more important to me that one day i will be able to retire. i have became obsessed about retirement (am definatley becoming more ozzified by the minute,). In my mind i just want to know i have some financial stability for the future. I will be entitled to the full pension from the u.k , having worked there 27 years (and paid the rest here), and super from the nhs uk, and i invest more in super here , rightly or
wrongly!
I do intend to talk to a financial advisor (will get round to it some time, for me thats an arduous task! I hate stuff like that (which probably explains my
situation now)
So its good that i can sound things out a bit on here, and dont worry i have been around BE long enough, to know not to risk my life on it.
At 47 I have been in financial strife in my time (recession in the 80's, OH had a business that went tits up), so i therefore dont want to be struggling with a mortgage, investment property,no, definately not
, in short we probably could not afford it, having roughly only a 15% deposit, and just about getting by renting! We could probably afford another 150 dollars a week in rent, but thats about it, and we do save this.Sure i would love to travel, but at the moment i still have two girls to support, and for me it , being the type of person i am , it is more important to me that one day i will be able to retire. i have became obsessed about retirement (am definatley becoming more ozzified by the minute,
). In my mind i just want to know i have some financial stability for the future. I will be entitled to the full pension from the u.k , having worked there 27 years (and paid the rest here), and super from the nhs uk, and i invest more in super here , rightly or wrongly!
I do intend to talk to a financial advisor (will get round to it some time, for me thats an arduous task! I hate stuff like that (which probably explains my
situation now
)So its good that i can sound things out a bit on here, and dont worry i have been around BE long enough, to know not to risk my life on it.
Jun 18th 2011, 9:07 pm
#25
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Jun 18th 2011, 9:10 pm
#28
Possum. Amiculum. Latrina
Joined: Jan 2011
Location: Footloose
Posts: 3,427
Jun 18th 2011, 9:12 pm
#29
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
