SteveR Posted October 12, 2008 Author Share Posted October 12, 2008 Remember the £ has slide 30 cents against the dollar, which partly takes into account why at $150pbl fuel was 1.17 but now is 1.06 @ $79pbl I know this - profitering and daylight robery are the other reasons lol, too true! Quote Link to comment Share on other sites More sharing options...
lambertpig Posted October 12, 2008 Share Posted October 12, 2008 seriously what would be the best investment in shares now do you think? Quote Link to comment Share on other sites More sharing options...
Lbm Posted October 12, 2008 Share Posted October 12, 2008 seriously what would be the best investment in shares now do you think? Buy low- sell high. Quote Link to comment Share on other sites More sharing options...
Gazboy Posted October 12, 2008 Share Posted October 12, 2008 seriously what would be the best investment in shares now do you think? Any company that deals with insolvency, bankruptcy, asset redistribution etc. Quote Link to comment Share on other sites More sharing options...
Ian R Posted October 13, 2008 Share Posted October 13, 2008 seriously what would be the best investment in shares now do you think? To make good money you have to take high risk. Low risk isn't going to make you as much for obvious reasons. AIM is a good place to make a killing. Quote Link to comment Share on other sites More sharing options...
Pete Posted October 13, 2008 Share Posted October 13, 2008 It's all very fascinating. Hasn't worked too well for RBS so far. So if the bank you have your mortgage with goes bump...who do you pay? I wonder what the terms are within the mortgage contract. Quote Link to comment Share on other sites More sharing options...
RedM Posted October 13, 2008 Share Posted October 13, 2008 What happens to 'ordinary cash' like wages when a bank goes down? Can you still draw your salary and pay bills etc? Quote Link to comment Share on other sites More sharing options...
Pete Posted October 13, 2008 Share Posted October 13, 2008 What happens to 'ordinary cash' like wages when a bank goes down? Can you still draw your salary and pay bills etc? I doubt it. Quick draw it out! Quote Link to comment Share on other sites More sharing options...
Gazboy Posted October 13, 2008 Share Posted October 13, 2008 It's all very fascinating. Hasn't worked too well for RBS so far. So if the bank you have your mortgage with goes bump...who do you pay? I wonder what the terms are within the mortgage contract. Your mortgage is transfered to that banks creditors. Personaly I am more concerned about RedM's point about current accounts. Quote Link to comment Share on other sites More sharing options...
marc_p Posted October 13, 2008 Share Posted October 13, 2008 I'm glad i'm with HSBC. Quote Link to comment Share on other sites More sharing options...
grahamc Posted October 13, 2008 Share Posted October 13, 2008 I'm glad i'm with HSBC. Im with them as well, but not sounding good for a lot of other banks! So whats happens if it is a complete financial meltdown? When do we get our houses for free? Quote Link to comment Share on other sites More sharing options...
SteveR Posted October 13, 2008 Author Share Posted October 13, 2008 Im with them as well, but not sounding good for a lot of other banks! So whats happens if it is a complete financial meltdown? When do we get our houses for free? Pretty much when you wrestle it from the weaker guy/bash him with a bigger club. Complete financial meltdown, we certainly don't want. e.g. Last time round. http://images.businessweek.com/ss/07/04/0426_dow/image/2_great_depression.jpg http://z.about.com/d/canadaonline/1/5/3/C/gdcitizensnottransients.jpg Quote Link to comment Share on other sites More sharing options...
Ewen Posted October 13, 2008 Share Posted October 13, 2008 http://images.businessweek.com/ss/07/04/0426_dow/image/2_great_depression.jpg Why are they all wearing flippers ? Quote Link to comment Share on other sites More sharing options...
juanchan Posted October 13, 2008 Share Posted October 13, 2008 So whats happens if it is a complete financial meltdown? When do we get our houses for free? If my mortgage lender goes under, my poxy mortgage might not get noticed in the ensuing chaos and could be forgotten about :sly: Quote Link to comment Share on other sites More sharing options...
SteveR Posted October 13, 2008 Author Share Posted October 13, 2008 lol! Irony: Quote Link to comment Share on other sites More sharing options...
SteveR Posted October 13, 2008 Author Share Posted October 13, 2008 If you have a large amount of savings with the same bank as your mortage, there is a risk a 'rescued'/nationalised/etc bank would take one to cancel out as much of the other as possible. e.g. £100k mortgage and £15k savings = £85k mortgage. By doing so, there is less risk to them if you then default. Consider moving savings and debts away from each other. Quote Link to comment Share on other sites More sharing options...
Gazboy Posted October 13, 2008 Share Posted October 13, 2008 I see HBOS have tanked again at -28%. Quote Link to comment Share on other sites More sharing options...
SteveR Posted October 13, 2008 Author Share Posted October 13, 2008 They've got the lergy, no-one wants to touch them. Up 30% one day, down 15% then next, down 28% today. It's like rolling a die. Quote Link to comment Share on other sites More sharing options...
Gazboy Posted October 13, 2008 Share Posted October 13, 2008 What index is Santander listed on? Will be interesting to see if Harbinger have had any influence. Quote Link to comment Share on other sites More sharing options...
Ian R Posted October 13, 2008 Share Posted October 13, 2008 What index is Santander listed on? Will be interesting to see if Harbinger have had any influence. http://www.londonstockexchange.com/en-gb/pricesnews/prices/system/detailedprices.htm?ti=BNC Quote Link to comment Share on other sites More sharing options...
Pete Posted October 13, 2008 Share Posted October 13, 2008 Your mortgage is transfered to that banks creditors. Personaly I am more concerned about RedM's point about current accounts. Do they have to stick to the same deal as you had with the original lender though I wonder? Quote Link to comment Share on other sites More sharing options...
Gazboy Posted October 13, 2008 Share Posted October 13, 2008 Hope so! (got a good HBOS one myself) Quote Link to comment Share on other sites More sharing options...
caseys Posted October 14, 2008 Share Posted October 14, 2008 http://www.thedailymash.co.uk/news/society/ninety%11nine-percent-have-fuck-all-anyway-200810131318/ Nothing like a bit of satire. Quote Link to comment Share on other sites More sharing options...
marbleapple Posted October 14, 2008 Share Posted October 14, 2008 If you have a large amount of savings with the same bank as your mortage, there is a risk a 'rescued'/nationalised/etc bank would take one to cancel out as much of the other as possible. e.g. £100k mortgage and £15k savings = £85k mortgage. By doing so, there is less risk to them if you then default. Consider moving savings and debts away from each other. It be surprised if they could do that. All sort of no-no alarm bells ring in my head. I'm guessing that if the government are guaranteeing the money then the banks won't be able to set off unsecured money against their secure lending. Feel free to prove me wrong but I would have thought such an action would be a preference payment. Quote Link to comment Share on other sites More sharing options...
AndrewOW Posted October 14, 2008 Share Posted October 14, 2008 http://www.thedailymash.co.uk/news/society/ninety%11nine-percent-have-fuck-all-anyway-200810131318/ Nothing like a bit of satire. I do like that website Well if we did away with banks, then the government could just give us the money that they were going to give to the banks, and we can buy our own houses... with cash! Great deals to be made there I'd imagine, etc, like a nice new 58" tv that doesn't seem to exist Quote Link to comment Share on other sites More sharing options...
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