Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
I'm with Phillip, you'd be mad to tie money up long term with a financial institution.
I saw Ed Davey on the Sunday Politics, I despair that fools like him are cabinet ministers
Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
Surly Barry its only illegal if your getting a fee for your advice ?
And I don't see bankers/Insurance man / finical advisers
going before the courts for advising people to invest in junk AAA marked products like we see before 2008
Guest 725- Registered: 7 Oct 2011
- Posts: 1,418
As usual Barry gives his, erm, balanced opinion. So Barry you are suggesting that a parent should not educate their children of the perils of spending their money on sweets rather than something more wholesome because they're not qualified? . Oh dear, the prisons will be even fuller than they are now.
I am qualified to see that sometimes you say some very strange things.
It should also be said that of course it would be silly to make rash decisions with one's pension - anyone can see that.
The point I was making that the government's long term energy policy will no only damage our economy (I'm qualified to say that) and will lead to blackouts (I'm qualified to say that too).
Anyone who ends their pension scheme or makes a huge financial decision based on the say so of what one person says on the internet needs their heads tested.
By the same token anyone who thinks that the government has an energy policy which will lead to a degredation of our economic position in the world certainly does not.
Guest 670- Registered: 23 Apr 2008
- Posts: 573
Barry for christ sake grow up, everybody is entitled to a different opinion to yours, there are times when you make yourself look like a complete prat. Whoops that could be libel but hey try suing me.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Barry, I asked a simple question, whether a pension crisis will hit Britain.
You have not said either yes or no.
But you take offence at other people's opinions.
Just answer, yes, or no.
Guest 703- Registered: 30 Jul 2010
- Posts: 2,096
Alexander, it's time you learnt the difference between research, scholarship and browsing the web
Barry had given you the answer, there isn't a straight yes or no!
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
I have taken offence at nothing Alexander.
Dave1 - I have merely pointed out the legal situation, also that he is wrong. The legal situation is not an opinion. You are quite good at making yourself look a prat as well.
David Little - wrong, it depends on how the money is invested and with whom.
Thanks Ray for pointing that out to him, not that it will have sunk in.
Philip.... You can twist and turn all you like but you made a clear statement of advice. I agree with you, anyone who was to take your advice would need their head tested, so just don't do it.... simples....
Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
Barry, would you answer the same if/when labour are in govt?
The bottom line is there is no pension provision, its simply a ponzi scheme where tax collected today is paying for those already retired. Tax collection is falling, go figure........
Guest 868- Registered: 25 Jan 2013
- Posts: 490
Ray Newsam wrote:Alexander, it's time you learnt the difference between research, scholarship and browsing the web
Barry had given you the answer, there isn't a straight yes or no!
I'd take my advice from people that have studied for years and know their stuff, not a keen googler !!
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
David Little - the party in government makes no difference to what I said
The problems with unfunded state pension provision has been pointed out and that is one of several reasons private retirement planning is essential. My reference was in respect of yours about long term investment via financial institutions. The risks associated in not investing in collectives via the right institutions are significantly higher than the alternative.
I, in fact, have an example in front of me now of someone who had invested, without my advice, in the wrong institution and wrong underlying assets that I am working on now to help get at least some money back. So poor, or no, advice is a big issue right now for me, specially after seeing a foolish and irresponsible article in the press recently.
Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
Barry you amaze me, of course the govt makes a difference, you know more than me about Brown raping pension pots.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Ray, for your information, I haven't claimed to know how the pensions network entirely functions, and thus have posed some questions. So the research also depends on other people's views.
As I understand it, the pension system was introduced to Britain shortly before the First World War, and every man in pensionable age could receive 2 shillings a week.
I'm still studying "The End of Britain", an article that appeared the other day published by Money Week.
The information therein provided DOES NOT COME FROM ME!
It states that Britain will go utterly bankrupt any time soon, not least because of the pension system.
I'm simply trying to get views on this, in particular as there are also other debt-related crises in Britain, as the State also pays child allowance, housing benefit, job-seekers allowance, civil servants, and has a Public Debt of £1 trillion.
I'm getting the impression that some views coming over here are that we should not research, nor ask questions, but simply blind-fold our eyes and stick our head in the sand like an ostrich.
If "all is well", Ray, and Paul, then just state it, and it will pass as an opinion.
PS: Is there any difference between reading an article printed on paper and printed on Google?
Does information coming over the Web not count for the fact that it is printed digitally and electronically and comes via a monitor?
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
let me muddy the waters more by giving an opinion.
this is not advice, just a viewpoint/.
Without doubt all govts of all colours have warned of a pension crisis, and its true to say there are more elderly living longer,
now, there are some thoughts on how to solve some of the issues, which have been highlighted such as, drawing the pensions at a later age.
or people encouraged to take out private pensions(of course this is not an option for many)
There is a problem thats being looked at,
but all govts yes all havnt helped the situation.
As to posters such as philip giving a view, thats all it is barryw, like any other poster,
it is wrong to attempt to silence peoples point of view
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 703- Registered: 30 Jul 2010
- Posts: 2,096
Alexander,
Research is when you independently acquire new information that no-one else has known before.
Scholarship is when you read others' independent researches and form your own opinion.
Reading a printed or web article is as you say no different - much independent research is now published online as well as in printed journals for immediate availability.
Copying and pasting from the web is plagiarism unless you quote the source.
And for what it's worth getting back to the topic, I'm currently enjoying life on a personal pension thanks to careful planning and saving that started 40 years ago, I'm sure you will agree that is even more important today if a crisis is coming.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
ray
yes if you can afford to do so
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
David Little - we have been talking at cross purposes - perhaps I misunderstood you, perhaps you misunderstood me. The government colour does indeed make no difference to my view on the state pension issues or private investment of any kind, speaking generically. First you refer to institutions, to which I specifically replied, then you muddy it with the state pension and now bring Brown back into it. Brown did indeed rape pensions (and ISAs) and that was part of what went wrong with this countries savings but that is not a reason not to invest via the right institutions whether in respect of quality pension investment, stocks and shares ISAs or in other ways. The right advice is always essential before committing to any investment.
Keith - As you have been told a view is just a view no problem with that but expressing it as illegal advice is another matter - it is all in the wording. Note how careful I am when I mention investment matters not to fall foul of complex regulation providing appropriate warnings etc (see above...).
Your other point, everyone in full time work can invest if they made that a priority over other luxury items such as ciggies, booze, mobile phones, etc etc etc. They could also make sure that they can carry on doing so if they hit hard times as no fault of their own. We all make such choices as we should.
People do not plan to fail, they fail to plan.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Barryw
all i can say is, i disagree
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Be specific Keith and please explain, lets discuss this properly.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
i hardly think that mobile phones are a luxury, my latest one cost all of 20 quid.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
There are a number of times that posters give the impression they are the only ones who should give advice/help
on whatever the subject
and threatened others with libel or like above trying to silence people.
At the end of the day rightly or wrongly people have viewpoints, they may not fall into line with barryw;s viewpoint but i applaud the right to have a view
ALL POSTS ARE MY OWN PERSONAL VIEWS
