Reply to: Stock market crash!

[DimPrawn]

What's more of a gamble over the next few years? Savings left in a UK bank account, gold or stocks?

Who knows?

All I know is after the event it will be bloody obvious.

[TimberWolf]

It's more of a gamble.

What's more of a gamble over the next few years? Savings left in a UK bank account, gold or stocks?

[AtW]

Is it any less of a gamble leaving savings in a UK bank account over the next couple of years?

It's more of a gamble.

[TimberWolf]

gambling

Ze Spekulants

Is it any less of a gamble leaving savings in a UK bank account over the next couple of years?

[AtW]

Without it you're stabbing in the dark really.

gambling

Ze Spekulants

[BlasterBates]

Good idea to subscribe to some Equity research.

Without it you're stabbing in the dark really. Standard and Poors costs you £30 for the monthly issue, read it up and pick some recommendations. Not all are correct, about 40% are, roughly, so buy at least 10. The 4 gooduns will make you enough return to make up for the dogs. Usually in a portfolio of ten you have 2 or 3 dogs, ie ones that go down, the rest usually give you returns, and one or two will be stellar.

check P/E ratio and dividend yields. Telco's give you wopping dividends.. Not sure I would call Pharma defensive these days, what with patents running out and governments cracking down on health spending, but certainly big consumables like Coca-Cola are. Don't buy stocks that have gone up a lot recently, the best ones are the ones languishing and waiting to pop back up.

[KentPhilip]

I'd go from Sterling to Edinburgh, much more hapening place ...

http://en.wikipedia.org/wiki/Stirling

(but you knew that didn't you )

[DimPrawn]

I would look at defensives around the world, not all your money on London stock exchange stocks.

US, Canadian, Asian, European.


Food retailers, petro-chemicals, utilities, pharma, oil and gas.

Look at their balance sheets, forward P/E, dividend cover and yield.

[Andy2]

Primark, poundland, lidl, Mcdonald should do well

[BrilloPad]

Anyone know of any decent defensive stocks?

Tesco. people always need to eat.

HTH

[TimberWolf]

Anyone know of any decent defensive stocks?

[DimPrawn]

At the moment a few percent only.

Some in defensive stocks paying high dividends.

Mostly sterling spread around lots of instant access UK banks paying around 3% interest before tax.

As property prices are now obviously never going to fall, more of that money is going to go into other assets to try to keep pace with the rapid rise in property prices.

[TimberWolf]

Well, sterling is still pretty high against the dollar and lets face it, that situation is going to change when the UK declares itself bankrupt.

So why not buy gold now and then sell it into dollars when the UK goes pop.

http://www.bullionvault.com/

Too scared because of recent rises and the shoe shine boy effect, although Gold may be a less scary place to be than Sterling next year. How much of savings (as a percentage if you like) have you got in Sterling?

[DimPrawn]

When's the time to move out of Sterling (aside from years ago), how and where to?

Well, sterling is still pretty high against the dollar and lets face it, that situation is going to change when the UK declares itself bankrupt.

So why not buy gold now and then sell it into dollars when the UK goes pop.

http://www.bullionvault.com/

[Jeebo72]

I'd go from Sterling to Edinburgh, much more hapening place ...