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MayZerG United Kingdom. Feb 16 2009 16:05. Posts 2123 | | |
I'm sure most of you are aware of the economic downturn revolving around the stock market and our financial system.
All of our banks have crashed and need bailouts constantly, to the point where the UK have dropped the interest rate down to 2% i believe. Luckily im getting 3.10%.
Now onto my problem, Considering i was getting 5.50% before, i was building up my savings slowly since the end of last year and have £2,650 in there. Thats only going to get me £78 if i dont add anything else.
I'm actually deciding on withdrawing and either putting a certain amount into the stock market and learn how to long/short stocks, or put it into poker to cushion my BR and maybe move up in another month or so. As im back onto grinding 50nl and improving daily.
Any suggestions/opinions on what i should do?
Poll: What To Do With Savings?
(Vote): Keep it there and hope the % rises by the end of the year
(Vote): Put a certain amount into the stock market
(Vote): Put a certain amount into poker
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| I like to hold all the nuts - CrownRoyal | Last edit: 16/02/2009 16:08 |
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thewh00sel  United States. Feb 16 2009 16:10. Posts 2734 | | |
lol i get 0% interest right now. :[ |
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| A government is the most dangerous threat to man’s rights: it holds a legal monopoly on the use of physical force against legally disarmed victims. - Ayn Rand | |
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that's a relatively small amount of money, you should probably keep it in the bank for special situations/emergencies |
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jase Australia. Feb 16 2009 16:15. Posts 1604 | | |
check and re-evaluate in 6 months |
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rgfdxm United States. Feb 16 2009 16:15. Posts 1514 | | |
Stock market is playing with fire IMO. |
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Ket United Kingdom. Feb 16 2009 16:16. Posts 8665 | | | |
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shaneomac United States. Feb 16 2009 16:18. Posts 4245 | | |
the interests rates arent going up anytime soon imo |
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| | On February 16 2009 15:16 Ket wrote:
put it all on red |
50-50 chance better than a flip on stars lol |
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Silver_nz New Zealand. Feb 16 2009 16:25. Posts 5647 | | |
but some gold. bailouts = inflation coming because the govt just printed a shitload of new money |
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MayZerG United Kingdom. Feb 16 2009 16:29. Posts 2123 | | |
| | On February 16 2009 15:15 rgfdxm wrote:
Stock market is playing with fire IMO. |
How so? most of the stocks have flatlined at their lowest point, such as oil which is hovering around $35/$45, when it recovers it could go back upto $100. |
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| I like to hold all the nuts - CrownRoyal | |
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sChOuA Switzerland. Feb 16 2009 16:33. Posts 2302 | | | |
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NeillyJQ United States. Feb 16 2009 16:34. Posts 8947 | | |
it would be a nice boost to your roll so you could play higher imo |
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| Just remember you need to be god damn sure about their tendencies. -Artanis11 http://www.pocketfives.com/profiles/neillyaa/ | |
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Python817 Canada. Feb 16 2009 16:35. Posts 2733 | | |
I have 25k under my mattress |
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Python817 Canada. Feb 16 2009 16:35. Posts 2733 | | | |
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FoolsPlay Canada. Feb 16 2009 16:38. Posts 1335 | | |
| | On February 16 2009 15:35 Python817 wrote:
I have 25k under my mattress |
rockin' it great depression style |
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| if you add tons of macro options and units and keep the old obligations like sending scvs to mine, pros will just focus less on micro which sucks imo -Floofy | |
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Silver_nz New Zealand. Feb 16 2009 16:38. Posts 5647 | | |
I'm going to pythons house, brb |
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| | On February 16 2009 15:35 Python817 wrote:
I have 25k under my mattress |
lol inflation |
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lol @ buy gold...wtf?
dont wait for it to rise by the end of this year |
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sChOuA Switzerland. Feb 16 2009 17:26. Posts 2302 | | | |
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Remod Croatia. Feb 16 2009 17:58. Posts 312 | | |
go see bongky in peru, buy 10kilos of weed and sell it in UK.
safer than stocks IMO |
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