Now you might think the Bank of England staff pension fund might know a thing or two about investment, and looking after their own. So what do they do with their money? I read in a Telegraph blog today that in 2006 they were 70% invested in shares, but got rid of almost all of them in that year (that was astute, at least). Now apparently they're largely into index-linked gilts. Which suggests that they think we (or you in UK) are in for rip-roaring inflation quite soon. (As I too have been telling anyone who'll listen.)
So: buy up index-linked anything before so many people do it that they stop being issued. And don't say no one told you.
what to do with your money
Moderator: Moderators
-
- Button Grecian
- Posts: 1612
- Joined: Tue Oct 30, 2007 12:53 pm
- Real Name: michael scuffil
- Location: germany
what to do with your money
Th.B. 27 1955-63
- J.R.
- Forum Moderator
- Posts: 15835
- Joined: Wed Mar 09, 2005 4:53 pm
- Real Name: John Rutley
- Location: Dorking, Surrey
Re: what to do with your money
I tend to spend my pittance of pensions just to survive !
John Rutley. Prep B & Coleridge B. 1958-1963.
- NEILL THE NOTORIOUS
- Button Grecian
- Posts: 2612
- Joined: Sun Sep 14, 2008 10:01 pm
- Real Name: NEILL PURDIE EVANS
Re: what to do with your money
On leaving the Army, we had a seminar on "What to do with your Money" (Gratuity, Pension, ill gotten Gains etc.)
The only thing I remember was ------ "There are Three ways of losing your money --- Gambling is the Quickest --- Women are the Nicest -------And Farming is the surest ! "
My ex- and late, Father- in- Law was a Farmer, I never believed it then ---- I do now ! !
The only thing I remember was ------ "There are Three ways of losing your money --- Gambling is the Quickest --- Women are the Nicest -------And Farming is the surest ! "
My ex- and late, Father- in- Law was a Farmer, I never believed it then ---- I do now ! !
