At the time of writing this article the FTSE has hit a 6
year low. Lower than October 2008, the
peak of the banking crisis. Are we at a
new crisis?
I know a very obvious crisis - Pensions!
I have never been a fan of these things. You hand over money to this company who gamble
your money with the hope of giving it back to you until you die. Madness.
I would like to keep my money thank you very much. I know how to gamble with my money. Not at a casino but on the UK
street. Cul de sacs, council blocks,
city centre apartments, town houses, terraced and semi's. I have them all over the UK
and they provide for me today, tomorrow, next week, next year, next decade, you
get the idea! Basically until I die and
beyond.
So I ask you: do you have something to provide for you in
the future? Do not expect a hand out
from the government as I can guarantee you it will be small and not enough for
you to live on. The government knows
that that is why they have to top it up in winter for heating bills.
Now you know I am going to say invest in property but it
could be anything that can give you a recurring income relatively risk
free. I cannot think of anything else
except a high bank balance but you would have to have such a high balance to
earn an income if current saving rates are anything to go by!
I think some reality is going to shed on the whole stock
market pension scam they have been running:
The stock market is EXTREMELY risky. There is no getting away from it. When you have companies valued in the triple
digit millions with no hard core assets like property to their name you have to
wonder what you get for your money.
At least if you have a property portfolio you can touch
it. If you need help building a property
pension then speak to us!
Ajay
Posted on: 3rd Mar 2009