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Are your saving safe ?

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By (user no longer on site) OP   
over a year ago

My mum was saying she has lost 1000s in diffrent things she had put her money in ... to keep it safe for old age .

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By *e nicerWoman
over a year ago

Costa del Medway

Can you ever be really safe, unless it's gold or land?

Look at what's happening in Southtern Cyprus. Scarey.

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By *o1mrtlcMan
over a year ago

cannock

i wouldnt say i have lost as much as your mom but i have lost money too and stopped my pensions

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By (user no longer on site) OP   
over a year ago


"Can you ever be really safe, unless it's gold or land?

Look at what's happening in Southtern Cyprus. Scarey."
even land and gold go up and down its a job to know where to put savings not sure what to say to mum .... when she ask me wheres best .. Banks was safe now looking over the years whats been going on be last place i was be having my savings ,

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By *e nicerWoman
over a year ago

Costa del Medway

Rare, very rare that gold or land goes down over the long term. Maybe she could buy to let, that seems to work well? Depends how much she has got really if it's a lot, good idea to diversify a bit and not put all her eggs in one basket as it were.

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By (user no longer on site) OP   
over a year ago


"Rare, very rare that gold or land goes down over the long term. Maybe she could buy to let, that seems to work well? Depends how much she has got really if it's a lot, good idea to diversify a bit and not put all her eggs in one basket as it were."
Thats what we do ... we have holiday homes we rent .. my mums old fashioned she like to see it and know it there if she ever need it fast.

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By (user no longer on site)
over a year ago

My dad never believed in banks, hid all his money around the house. Only had a bank account as he was self employed!

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By *reelove1969Couple
over a year ago

bristol

we lost 1000s when the Bradford & Bingley shares went belly up

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By *ethany10Couple
over a year ago

falkirk

Offshore

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By *iamondsmiles.Woman
over a year ago

little house on the praire

Going to put mine in a shoe box under the bed.

I think the key is not to have it all in one place

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