MattBackHome
Well-known member
- Jul 7, 2003
- 11,732
Pipex.
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Where are your savings kept?
- Thread starter KingstonSeagull
- Start date
So, what's your point?
Problem is that we (I work in a Uni) are being forced (by management and politicians) to 'infantilise' students - we are constantly being told to 'do this for them, because they are paying all this money', or 'don't be too hard on them if they don't work hard or attend classes, because they are paying your salary'. So we are being compelled to churn out 'kidult' graduates who never grow up in their three years at Uni - believe me, it pisses us off, but University managers are in thrall to student 'customers', and obsessed with good ratings in the NSS (National Student Survey) and other league tables, so we are forced to pander to Tarquin and Jocasta, and treat them like children rather than adults.
And then we get criticised by employers for producing useless graduates
.
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mejonaNO12 aka riskit
Well-known member
My savings are £178 as of today
Got married in the summer so basically starting from scratch. Painful.
Don't put away a lot each month but it's pretty regular so I've actually been looking at options other than my current ISA.
Regarding Uni, I did it for 3 years, rocketed up debt and don't work in the sector I studied. I don't regret it for one second. Best 3 years of my life, met some great friends and gained a qualification.
I've never seen the money they take from me to repay my "crippling debt" so really not fussed. The day it's paid off will be lovely, I'm sure.
Got married in the summer so basically starting from scratch. Painful.
Don't put away a lot each month but it's pretty regular so I've actually been looking at options other than my current ISA.
Regarding Uni, I did it for 3 years, rocketed up debt and don't work in the sector I studied. I don't regret it for one second. Best 3 years of my life, met some great friends and gained a qualification.
I've never seen the money they take from me to repay my "crippling debt" so really not fussed. The day it's paid off will be lovely, I'm sure.
Problem is that we (I work in a Uni) are being forced (by management and politicians) to 'infantilise' students - we are constantly being told to 'do this for them, because they are paying all this money', or 'don't be too hard on them if they don't work hard or attend classes, because they are paying your salary'. So we are being compelled to churn out 'kidult' graduates who never grow up in their three years at Uni - believe me, it pisses us off, but University managers are in thrall to student 'customers', and obsessed with good ratings in the NSS (National Student Survey) and other league tables, so we are forced to pander to Tarquin and Jocasta, and treat them like children rather than adults.
And then we get criticised by employers for producing useless graduates
Hadn't realised that.......must be hugely frustrating but can see it's now about the 'paying customer' and all that goes with it. How messed up.
Zopa (getting around 7%, but varies, lost a bit early doors by going for higher return riskier options!
Also invest in local start-ups etc, much higher risk but been there with a few businesses so can minimise the risk.
Also invest in local start-ups etc, much higher risk but been there with a few businesses so can minimise the risk.
I've long been interested in Zopa, but would be keep to hear your experience of funding circle?
I'm impressed by the 7%+ returns but as I understand neither are covered by the Government-backed Financial Services Compensation Scheme. That would protect up to £75k. For me, any peer-to-peer investing should sit amongst a portfolio of assets (cash/equities/bonds) I'm just not convinced it's big enough should we hit a downturn. Especially as money is so cheap to borrow at the moment. What happens when rates rise (which they surely will) and the people you've lent to struggle to repay? For me, the 7% return represents the high risk. Not for me, personally.
My savings are currently doing nothing for me, so I do need to make a decision on where to put it. I'm very risk averse to will probably invest in a wide spread/low risk/low return environment - what that looks like yet I'm not sure.
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I came back from Rotherham on Sunday - no sign of it yet!
I'd always be weary of regeneration advice - I'm constantly hearing that Newhaven is going to have millions spent on it.. but nothing seems to change.
HastingsSeagull
Well-known member
I own a 3 bed house out right that I can live in if return to UK or continue to rent out while living abroad.
Once I have enough in basic savings to buy a simple bedsit I plan to do that and rent it. Seems safer than most options out there but little worried will be more hassles, turnover of tenants and maintenance than the family home.
Once I have enough in basic savings to buy a simple bedsit I plan to do that and rent it. Seems safer than most options out there but little worried will be more hassles, turnover of tenants and maintenance than the family home.
LamieRobertson
Not awoke
I use Zopa/Ratesetter for short term savings
KingstonSeagull
New member
- Thread starter
- #51
Surely [MENTION=27450]KingstonSeagull[/MENTION], you mean to say you don't use the Bank of Bentalls, all those riches, especially the Krispy Kreme outlet
I am no longer in Kingston, I used to work at Hollister in Bentalls though. Bens Cookie's trumps KrispyKreme any day of the week!
Whitechapel
Famous Last Words
I have an aunt who lives in Whitehawk, she keeps all her saving under a mattress, mainly because nobody would think to look in her front garden for money.
Always found them to be good. I also belonged to an Investment Club, we all put a lump in at the outset and then £50 a month, there was about 20 of us at one point, met up, argued, had a few beers and purchased mid - high risk shares, loads of fun.
NSC Investment Club?
KingstonSeagull
New member
- Thread starter
- #56
I'd join
The rules are a little cumbersome now but it's possible, there's a few packages you can buy. Need a very good bean counter, that's for sure ... any offers?
Murray 17
Well-known member
- Jul 6, 2003
- 2,159
So are you saying Media Studies is a waste of time? [emoji38]
Could be interested.......
Admin is always an issue (finding people with the time to do it), but can be helped by using a dedicated broker that offers a club facility - this is one of the most popular and site contains some useful info - https://www.share.com/accounts/dealing-accounts/investment-club/account-overview/
Mostly an excuse for a beer and a chat once a month anyway once established isn't it ?
KingstonSeagull
New member
- Thread starter
- #60
Could be interested.......
Admin is always an issue (finding people with the time to do it), but can be helped by using a dedicated broker that offers a club facility - this is one of the most popular and site contains some useful info - https://www.share.com/accounts/dealing-accounts/investment-club/account-overview/
Mostly an excuse for a beer and a chat once a month anyway once established isn't it ?
I have worked in Treasury for 6 years for Financial Institutions, however not sure on legal side if I am allowed to run something like this. Dedicated broker could be the way to go.