rustybolts
pedalling tediously
- Location
- Ireland
Those beers look very appetising , I love trying new beers , one of life's great joys and at this stage of life I don't have to think about "brewers droop"
The Retirement Thread
- Thread starter Dirk
- Start date
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oldwheels
Legendary Member
- Location
- Isle of Mull
I have the max PBs as at my advanced age I do not want my money tied up for long periods. There are things like a flat in Aberdeen which is currently being refurbished at my expense but will benefit the next generation and it is possible my grandchildren may go to Aberdeen Uni. so a flat would be handy. Therefore I want to keep any money I have readily available without penalty for early removal tho' PBs are not all I have.Yes, this is a bitch of a problem. We currently generate about £14k interest pa from our FRB's and ISA's and, fortunately, most is shielded from the current rates on 3-5 year locks to 2022 - 2024. We have a low six figure sum between 2 Virgin Fixed Rate ISA's (currently @ 2.55%) that needs a home from the 24th of this month and are in a dither as to what to do with it.
RCI Bank, who we already have investments with, had a 7 year (!) FRB at 1.4% but their best right now is a 5 Year FRB at 1.0% which means that, at best, we will drop around £1800 pa interest on these two ISA's alone.
In all honestly it won't impact our lifestyle as we have other income streams and plenty of savings but it is frigging annoying that it has come to this pathetic state of affairs.
We've taken a look at PB's and have read up on various analysis of likely statistical outcomes and tbh none of them have exactly thrilled us at the prospects.
We are also loathe to expose any more investments to the vagaries of the markets (we have just under 10% of our total savings committed thus at the moment) as we are pretty risk adverse tbh.
I blame QE - central banks give retail banks lots of money to use and they no longer want Jo Public's money. I think they should only receive QE funds on the commitment that they offer JP sensible rates at the same time. Their differentials between QE rates and the rates they actually charge to their borrowing customers could easily withstand this imo.
***
And to make things worse; it is absolutely hissing down outside.
I reckon the PBs give me a reasonable rate of interest by present standards so better there than some possibly dodgy investment.
- Location
- Somewhere wet & hilly in NW England.
If you don't mind me asking - what are your PB's returning in % terms?
We live in a semi but its ex MOD and every wall is solid.Yes!
I was fortunate enough to have a detached house from age 25 to 36. Then I got divorced and had to live in a (rather lovely) oak beamed cottage with adjoining neighbours either side for 4 years - frigging nightmare tbh.
After 4 years I was back on my feet so to speak and bought a v.nice Lakeland bungalow that is very detached. Bliss! No more noisy neighbours and we can be as noisy as we like.
You have my sympathies.
Next door, they had 5 kids (2 at home now) and we very rarely heard them when they were inside. In the garden was a different matter though
We have just done a shop at M&S..... planned it yesterday but tbh just wasn't up to it.
I normally do Aldi but we went for stuff for the aunty and got things for ourselves.
I know you pay over the top but mostly everything looks nice.
Late lunch/tea is going to be fresh crusty bread, cheddar chees, ham and sweet chilli sandwiches.
I also got some St Agur......one of my favourites but not sold in Aldi.
Ohhh and a Californian Rosè to wash it down
I normally do Aldi but we went for stuff for the aunty and got things for ourselves.
I know you pay over the top but mostly everything looks nice.
Late lunch/tea is going to be fresh crusty bread, cheddar chees, ham and sweet chilli sandwiches.
I also got some St Agur......one of my favourites but not sold in Aldi.
Ohhh and a Californian Rosè to wash it down
My PBs last year returned 2%.
Since june this year when I upped my stake to the maximum, I have had £125 return in two months. So at the present time I think is 0.25%, but that is only over two months.
Only time will tell if the percentage increases.
oldwheels
Legendary Member
- Location
- Isle of Mull
Obviously unpredictable but in the past year 1.5% or thereabouts. In the past been up to 4% when a couple of bigger wins and there is always the hope of a biggy.
PaulSB
Squire
- Location
- Chorley, Lancashire
I may have to review my consultancy fees. 🤔 😄
PaulSB
Squire
- Location
- Chorley, Lancashire
Cheers Dirk. Another beer?I'm no Percy Thrower, but I'm sure you could find something worthwhile planting in there.
@PaulSB will probably have the answer.
I will get my secretary, MrsD to set up an account.
Bear in mind I have not had any toms or peppers yet.
classic33
Leg End Member
You'll have finished cleaning though!Hissing down here now
Still warmish so sat in the conservatory with door and window open.
Don't be sad, Don't be blue,
Welshie may be wetter than you.
PaulSB
Squire
- Location
- Chorley, Lancashire
Like all quality consultants I can only offer advice, implementation is the producer's responsibility.
We all saw the photos of your baby.......
Do I get a prize?
