FabSwingers.com forum: Bank of England raises UK interest rates for first time since 2007

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

Not before time and not far enough

borrowers have had it far to easy over past 10 years and still have it easy.

Its about time savers had a turn of good interest rates

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

Was going to happen eventually! 0% intrest was a joke anyways as my mortgage always had intrest on it.

Ok it was only 2.5% but still interest!

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By *anrteeCouple
over a year ago

London

Absolutely agree but lets not hold our breath. Just can't see Banksters actually passing on any increase in the base rate savers for a while yet.

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

"Absolutely agree but lets not hold our breath. Just can't see Banksters actually passing on any increase in the base rate savers for a while yet. "

Leeds building society did - 2 weeks in advance of this, they for saw it coming and raised 2 weeks early, they were interviewed on news this morning

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By *anrteeCouple
over a year ago

London

Leeds are a Building Society not a bank and have generally been one of the better building societies historically.

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

They can raise interest rates now because the rich have had 10 years to get their money out of the system before it all gets collapses.

Most people look at the stock market and think everything is fine because it keeps going up but what people don't look at is why it is going up.

The whole stock market (84 billion per day) is small compared to the bond , currency (forex 4 trillion per day)

Money printed from thin air given to corporations at low interest rates to buy back their own stocks so that ceos can get their bobuses that are linked to the companies share price.

Laws being changed so that feduciary responsibility means they do not have to do what is in the clients best interest.

Bankruptcy laws changed so that I siders get paid out first.

Lots of divide and conquer news being spread for example young vs old, rich vs poor, left vs right, citizens vs immigrants, 99% v 1% nations vs nations etc

Huge scandals and cruption coming to light that used to be hidden from the public.

It's hard to predict the future but it's easy to look back to the past and see what has happened and although history does not repeat but it does rhyme because human nature is based on evolution.

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

"Not before time and not far enough

borrowers have had it far to easy over past 10 years and still have it easy.

Its about time savers had a turn of good interest rates"

Boomers have had it really hard a lifetime of misery.

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

"Not before time and not far enough

borrowers have had it far to easy over past 10 years and still have it easy.

Its about time savers had a turn of good interest rates

Boomers have had it really hard a lifetime of misery.

Perhaps we worked hard and are now reaping the benefits of hard work

some kids today don't know the meaning of "hard work"

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

So; Lets say you have £250,000 saved, where would you invest it, how would you invest, taking property out of the equation??

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

Bitcoin.

Safe as houses.

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

"So; Lets say you have £250,000 saved, where would you invest it, how would you invest, taking property out of the equation??"
.

It's a conundrum because I think the banks will fail sooner or later.

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

"So; Lets say you have £250,000 saved, where would you invest it, how would you invest, taking property out of the equation??"
History would tend to suggest that investing long term in the stock market is virtually risk free as long as you have a balanced portfolio. You also have the benefit of both dividends at circa 3.5 % on average and the chance of significant capital growth. The only word of caution. Investing in shares is long term so you will need to take a view over a period of ten to fifteen years in order to iron out any peaks and troughs.

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