brianlom1
Member of DD Central
He's not the Messiah, he's a very naughty boy!
Posts: 400 
Likes: 416
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Post by brianlom1 on Oct 8, 2019 14:36:58 GMT
OK but inflation is up 50% over the same period and then there's the small matter of trading costs and taxation to consider ... I understand the reasoning behind linking stock market returns to inflation but I'm (we should be?) interested in the return compared to the risk-free rate. i.e. what's the reward for taking the increased risk over those 20 years? Btw, I don't know the answer  I'd say both analyses are equally valid. If it's a choice between making a purchase now vs investing the money and making the purchase at a later date, I want to be confident that investment returns will outstrip inflation. Otherwise, I'd prefer to buy the item now.
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Oct 8, 2019 15:13:53 GMT
I understand the reasoning behind linking stock market returns to inflation but I'm (we should be?) interested in the return compared to the risk-free rate. i.e. what's the reward for taking the increased risk over those 20 years? Btw, I don't know the answer I'd say both analyses are equally valid. If it's a choice between making a purchase now vs investing the money and making the purchase at a later date, I want to be confident that investment returns will outstrip inflation. Otherwise, I'd prefer to buy the item now. The 78" 4K QLED I want to buy has just about halved in price over last 12 months. Inflation V Technology price drop is a complicated issue. I buy very few of the Items in the "typical Inflation index calculator index" So has had very little effect.
The savings in items that have a rapid price reduction when new things come out far outstrips inflation + you get the added bonus of any return on investments while waiting.
It is better to buy those types of things when the release newer models. The only compromise is a few months wait.
Thats why I drive a £60000 car that cost £12000 when I got it as low mileage 5 year old
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brianlom1
Member of DD Central
He's not the Messiah, he's a very naughty boy!
Posts: 400
Likes: 416
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Post by brianlom1 on Oct 8, 2019 18:35:54 GMT
You really don't buy many of the following items?
1 Food and non-alcoholic beverages
2 Alcohol and tobacco
3 Clothing and footwear
4 Housing and household services
5 Furniture and household goods
6 Health
7 Transport
8 Communication
9 Recreation and culture
10 Education
11 Restaurants and hotels
12 Miscellaneous goods and services
Source: Office for National Statistics
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Greenwood2
Member of DD Central
Posts: 4,388
Likes: 2,787
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Post by Greenwood2 on Oct 8, 2019 20:19:12 GMT
I'd say both analyses are equally valid. If it's a choice between making a purchase now vs investing the money and making the purchase at a later date, I want to be confident that investment returns will outstrip inflation. Otherwise, I'd prefer to buy the item now. The 78" 4K QLED I want to buy has just about halved in price over last 12 months. Inflation V Technology price drop is a complicated issue. I buy very few of the Items in the "typical Inflation index calculator index" So has had very little effect.
The savings in items that have a rapid price reduction when new things come out far outstrips inflation + you get the added bonus of any return on investments while waiting.
It is better to buy those types of things when the release newer models. The only compromise is a few months wait.
Thats why I drive a £60000 car that cost £12000 when I got it as low mileage 5 year old
With most tech it's best to jump a few steps if you want something goodish at all times. Cars, I wouldn't buy a 5 year old car for £12,000, too much risk of, one careful owner, or not! I would prefer to buy after initial terrible depreciation, but still under guarantee for a year or so, but I don't hanker after a £60,000 car!
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Post by Ace on Oct 8, 2019 20:58:58 GMT
You really don't buy many of the following items? 1 Food and non-alcoholic beverages 2 Alcohol and tobacco 3 Clothing and footwear 4 Housing and household services 5 Furniture and household goods 6 Health 7 Transport 8 Communication 9 Recreation and culture 10 Education 11 Restaurants and hotels 12 Miscellaneous goods and services Source: Office for National Statistics What have the Romans ever done for us?
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brianlom1
Member of DD Central
He's not the Messiah, he's a very naughty boy!
Posts: 400
Likes: 416
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Post by brianlom1 on Oct 8, 2019 21:11:51 GMT
All right, but apart from the sanitation, the medicine, education, wine, public order, irrigation, roads, a fresh water system, and public health ...
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Post by Please turn me over on Oct 9, 2019 9:09:38 GMT
Happy 7th birthday, Lendy Ltd. Now, where's me money?  |
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Post by picanto on Oct 9, 2019 9:54:13 GMT
Happy 7th birthday, Lendy Ltd. Now, where's me money? That's just depressing, considering how good Lendy/SavingStream used to be and how good they could have carried on being if they hadn't balls'ed it up so badly.
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MarkT
Member of DD Central
Posts: 190
Likes: 159
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Post by MarkT on Oct 9, 2019 11:10:07 GMT
It was nice at the beginning but, in retrospect, the model was always doomed to failure, especially so when the DFLs were introduced.
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bulletbill
Member of DD Central
Posts: 90
Likes: 223
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Post by bulletbill on Oct 9, 2019 11:44:21 GMT
Happy 7th birthday, Lendy Ltd. Now, where's me money? That's just depressing, considering how good Lendy/SavingStream used to be and how good they could have carried on being if they hadn't balls'ed it up so badly. Actually, they were never good, we just hadn’t realised how bad they were at that point.
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Post by billy169 on Oct 9, 2019 12:07:18 GMT
And niether did the FCA... apparently.
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art1
Lendy investor
Posts: 7
Likes: 3
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Post by art1 on Oct 9, 2019 14:12:26 GMT
That's just depressing, considering how good Lendy/SavingStream used to be and how good they could have carried on being if they hadn't balls'ed it up so badly. Actually, they were never good, we just hadn’t realised how bad they were at that point. I think it was the 7 year itch................or should I say ouch!
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bulletbill
Member of DD Central
Posts: 90
Likes: 223
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Post by bulletbill on Oct 9, 2019 15:22:50 GMT
And niether did the FCA... apparently. Hardly surprising. Utterly incompetent. The sad irony of FCA Approval is that the average Joe (including me) assumed that Approval meant the platform is operating with integrity and under close scrutiny. That led to me being more trusting than I otherwise might have been. The FCA are supposed to protect us from rogues and conmen but they endorsed the swindle.
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Garage246
Member of DD Central
Posts: 116
Likes: 209
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Post by Garage246 on Oct 9, 2019 20:20:54 GMT
I thought the FCA were acting in our best interest.....!
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Oct 9, 2019 23:45:37 GMT
The 78" 4K QLED I want to buy has just about halved in price over last 12 months. Inflation V Technology price drop is a complicated issue. I buy very few of the Items in the "typical Inflation index calculator index" So has had very little effect.
The savings in items that have a rapid price reduction when new things come out far outstrips inflation + you get the added bonus of any return on investments while waiting.
It is better to buy those types of things when the release newer models. The only compromise is a few months wait.
Thats why I drive a £60000 car that cost £12000 when I got it as low mileage 5 year old
With most tech it's best to jump a few steps if you want something goodish at all times. Cars, I wouldn't buy a 5 year old car for £12,000, too much risk of, one careful owner, or not! I would prefer to buy after initial terrible depreciation, but still under guarantee for a year or so, but I don't hanker after a £60,000 car! The car is the most comfortable quietest car on the market with double glazing I tried most of the sub £100000 cars and none came close. I like to drive and enjoy the journey not be stressed. The massaging seats help. My second of this model Vw Phaeton It was nearly £50000 less than a new and one and deprecated £10000 a year. It had a 2year warranty with it. I rarely get rid of a car before 10 years. I borrowed Money at 3% rather than take money from savings getting >14% so by the time car is paid off it will work out very cheap for effectively a Bentley . I can’t see the point of buying a less safe equipped car just because it’s newer. I have private reg so doesn’t matter. I will buy another when they drop in a few years as I want the top of the range which was nearly £80000 when they stopped selling in UK as they lost money on every sale. Even Jeremy Clarkson would’ve liked one,
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