bigfoot12
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Post by bigfoot12 on Jun 26, 2016 19:29:28 GMT
I have a NSI inflation linked bond maturing in a couple of weeks,... I'm thinking of letting it roll over for another 5 years as a hedge against inflation. Opinions? I'm in a similar position to you, mine roll off in a few months and I will let them roll over. I think that the risks of a recession have increased, and the risk of inflation has increased so I am keeping them. Also the returns on P2P have been falling, not an obvious time to be increasing that bet.
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Post by propman on Jun 27, 2016 7:35:58 GMT
They now pay .01% above RPI on both 3 & 5 years, so I shifted to 3 years as this could increase and is unlikely to go lower.
- PM
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Greenwood2
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Post by Greenwood2 on Jun 27, 2016 8:13:10 GMT
You can always cash in the NS&I certificates later, when it's more clear how things are going, there is a penalty but the interest lost is negligible anyway and if you only do this if RPI hasn't risen significantly you lose hardly anything.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jun 28, 2016 19:44:47 GMT
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hazellend
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Post by hazellend on Jun 28, 2016 20:07:44 GMT
Oh how I wish I could go back in time and not have put a chunk of cash into this dog of an investment trust and just put it all into direct p2p myself. Bloody awful performance. I only keep holding it as a reminder not to invest in  like this.
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Post by GSV3MIaC on Jun 28, 2016 20:14:41 GMT
I think the NSI linkers are great. Some of the utility guys have issued them too. A definite portfolio must have. I agree, and it's not currently possible to get back in (to certificates), if you step out (as I did a few months ago). You can still buy some IL bonds and company-issues, the latter probably having higher risk, and all having higher in/out costs. I'm still amused at the rating agencies cutting UK government debt ratings from AAA, and the market responding by putting the prices up, and the yields down....
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registerme
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Post by registerme on Jun 29, 2016 7:19:41 GMT
I'm still amused at the rating agencies cutting UK government debt ratings from AAA, and the market responding by putting the prices up, and the yields down.... Fear / "flight to safety". The decrease in yield on gilts has led to something like an additional £8b UK corporate pension deficit (and lower income for anybody unfortunate enough to buy an annuity now). EDIT: removed ".. have to..." from "unfortunate enough to have to buy an annuity...".
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Steerpike
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Post by Steerpike on Jun 29, 2016 7:29:43 GMT
I'm still amused at the rating agencies cutting UK government debt ratings from AAA, and the market responding by putting the prices up, and the yields down.... Fear / "flight to safety". The decrease in yield on gilts has led to something like an additional £8b UK corporate pension deficit (and lower income for anybody unfortunate enough to have to buy an annuity now). Surely nobody has to buy an annuity at all let alone now?
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registerme
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Post by registerme on Jun 29, 2016 7:39:43 GMT
No argument, I've edited my post.
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SteveT
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Post by SteveT on Jun 29, 2016 7:51:39 GMT
Sometimes individual circumstances can still make buying an annuity almost unavoidable (or at least make it high risk not to). For example, where an elderly family member is obliged to enter residential care, often an annuity is the only logical option to ensure that future care fees can be paid for an indefinite number of years.
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Post by brettb on Jun 29, 2016 10:04:47 GMT
Had a panic and sold a big chunk of my P2P holdings this week. I've had a good run but I'd be wise to clear my mortgage with the funds. There were plenty of bag holders on FC  - sold pretty much all of my loans to bots in under an hour  . Other investments have been harder to shift, but they're mainly asset backed short duration loans. Still in the Zopa redemption queue although this one is safe for a while. Ratesetter were quoting a high figure to quit there so I've kept this one. As far as Brexit goes, well the property market was already on life support. I'm really glad I quit my property related job 4 months ago. I work in IT in the City and the job market has just died. People are genuinely fearful here. Unless there is a very rapid conclusion to the political crisis then it's 2001 all over again for tech, and probably the wider economy as well. |
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locutus
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Post by locutus on Jun 29, 2016 10:16:28 GMT
<snip> As far as Brexit goes, well the property market was already on life support. I'm really glad I quit my property related job 4 months ago. <snip> Thanks for that. It is interesting to get different sentiment. I wonder why you have changed your opinion on property so much. Back in April, you were saying: Have your views changed 180 on property and is it solely related to Brexit?
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Post by propman on Jun 29, 2016 12:44:43 GMT
Had a panic and sold a big chunk of my P2P holdings this week. I've had a good run but I'd be wise to clear my mortgage with the funds. There were plenty of bag holders on FC - sold pretty much all of my loans to bots in under an hour . Other investments have been harder to shift, but they're mainly asset backed short duration loans. Still in the Zopa redemption queue although this one is safe for a while. Ratesetter were quoting a high figure to quit there so I've kept this one. As far as Brexit goes, well the property market was already on life support. I'm really glad I quit my property related job 4 months ago. I work in IT in the City and the job market has just died. People are genuinely fearful here. Unless there is a very rapid conclusion to the political crisis then it's 2001 all over again for tech, and probably the wider economy as well. Also in Property. Still not too pessimistic. Wouldn't want to need to refinance or sell in the near future, but except in some over supplied markets, I think values and rents will hold up in the medium term, although resi could take a hit in some locations.
Re RS have you tried just selling fairly recent loans, especially if you time the sales for reduced rates these should be relatively cheap.
- PM
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james
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Post by james on Jun 29, 2016 13:27:07 GMT
Sometimes individual circumstances can still make buying an annuity almost unavoidable (or at least make it high risk not to). For example, where an elderly family member is obliged to enter residential care, often an annuity is the only logical option to ensure that future care fees can be paid for an indefinite number of years. That's true but with life expectancy for those entering care homes at about two years interest rates don't have much effect on the rates that are offered for immediate needs annuities. A case where rates can make much more difference would be compensation claims where an order is made to provide an income for life, potentially to a child with perhaps 60-100 year anticipated lifespan.
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Post by GSV3MIaC on Jun 30, 2016 7:26:16 GMT
Per the BBC, UOB Singapore have suspended loans against London property. Sorry can't post a link from here (app land). Ah, here we are (back at PC/browser): www.bbc.co.uk/news/business-36670075 |
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like this.
- sold pretty much all of my loans to bots in under an hour 
. Other investments have been harder to shift, but they're mainly asset backed short duration loans. Still in the Zopa redemption queue although this one is safe for a while. Ratesetter were quoting a high figure to quit there so I've kept this one.