Is being a saver a losing strategy nowadays?

[AtW]

Assguru - If brains were made of dynamite, you wouldn't have enough to blow your (dunce's) cap off!


Dog's Heinous
Pick the apostraphies out of that... sucker!

apostrophes

Welcome to CUK!

[AtW]

Congratulations guys. That's another attempt at serious debate derailed by pedantic nit-picking and petty name-calling!


Dog's Heinous
"The idiots are self-regarding consumer slaves, oblivious to the paradox of their own uniform individuality..." - Dan Ashcroft.

[HairyArsedBloke]

Welcome to CUK!

Has he answered the question yet? You know, about ...

[DiscoStu]

Has he answered the question yet? You know, about ...

I don't think he's mentioned Turkish prisons yet

[Platypus]

Congratulations guys. That's another attempt at serious debate derailed by pedantic nit-picking and petty name-calling!

Boring debate

[Tingles]

Congratulations guys. That's another attempt at serious debate derailed by pedantic nit-picking and petty name-calling!


Dog's Heinous
"The idiots are self-regarding consumer slaves, oblivious to the paradox of their own uniform individuality..." - Dan Ashcroft.

A bit harsh.

[RichardCranium]

By not allowing businesses to fail, bailing people/banks/firms out, encouraging people to buy things they don't need (car scrappage scheme?) etc, they are distorting capitalism and creating a disincentive to be sensible, work hard, save for the long term etc. What does the panel think, is it a mugs game to be a saver in modern Britain?

I think you should do your own A level homework.

[RichardCranium]

Read it, logged in, replied, then saw the twat is on my Ignore List.

Arse.

[BrilloPad]

Greetings esteemed CUKers!

I was brought up to be careful with money. If I want something, I usually save up and only buy it when I've got enough money such that I can afford it. The main exception would be if I were to buy a house, and even then I would only consider taking out a loan (ie mortgage) out of necessity.

When I say "saver" I include investing money in the stock market (for example in a FTSE All-Share index tracking fund) in addition to cash deposits in a savings account.

However, I've begun to feel like complete mug, considering that people who've been reckless (ie borrowing more than they can afford to pay back, borrowing without giving any thought to how they will pay it back, spending more than they can afford) seem to be no worse off than me, and are now apparently being let-off/bailed-out etc by the state. What with that, the pathetic returns from savings accounts, and the stock market performance having been so utterly disappointing over the last ten years, I'm beginning to wonder whether being a saver is a losing strategy nowadays. I blame the governments meddling in the economy. By not allowing businesses to fail, bailing people/banks/firms out, encouraging people to buy things they don't need (car scrappage scheme?) etc, they are distorting capitalism and creating a disincentive to be sensible, work hard, save for the long term etc.

What does the panel think, is it a mugs game to be a saver in modern Britain?

Cheers,
Dog's Heinous
Just my opinion. I'm as clueless as the next man!
The reckless must pay for the damage they have caused.
Yes, they should be made to pay!
Did I say that the reckless should pay?

Gordon has proved that the only way forward is to speculate. The question is what to speculate on. Personally I think wait until QE is reversed. Then sell FTSE and buy gilts.