It's probably me but.....

Alison Hopkins wrote:
[...]

Yeah, we get the float planes here too. If I could find
work in Vancouver that paid that kind of money I'd
do it too.

You in BC, or are you in the UK talking about Canadian
employees of your multinational?

Yep. Sorta works.

 

Alison Hopkins wrote:
[...]

Nanaimo, mainly. It seems to be where they put all
the crap bits that didn't fit on the rest of the
island. Things like most of the rednecks, all the
incompetent city bureaucrats with delusions of
grandeur, many of the downright dihonest, slimy
politicians that people still vote for because the
population around here is about as forward-thinking
as a goldfish, and the crappiest supposedly
"major" airport on the island.

The best thing that can be said about Nanaimo is
that you can get to anywhere else on the island
relativey easily from here. Which is a good thing.

 

message

It's a well hidden thing, that one. The trick is that if you spend a certain
amount on the card, you get a two for one voucher as well. Worth it for long
haul.

Ali

 

Yup. I can understand that.

The "mother ship" as they coyly refer to it. I work for the UK arm of MDA,
if you've come across them.

We built that. Blame us.

Ali

 

Aha. Yes, we didn't go into Nanaimo town, but we did hit the airport. Which
is no surprise to those that know us.

I rather fancied the area around Sproat Lake. Very nice indeed.

Ali

 

I think this is out of date advise.

It takes little enough time to sell shares and get paid- I believe you
can walk into some banks with certificates and walk out with a cheque;
not something I've done myself preferring to stick with the way I've
always done such things- over the phone.

I don't see any need to carry more than 6 weeks reserves in a savings
account. If the market's gone bad then I doubt it'll put itself right
in 3 months in any case.

 

Using the patented Mavis Beacon "Hunt&Peck" Technique, darsy

Nice area.

http://news.bbc.co.uk/1/hi/england/devon/6366255.stm

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If you're going to buy an annuity, that is. If you're opting for
draw-down then a balanced investment continues to be better.

 

Er... no.

You can sell shares within three days. If the stock market has crashed
you might not wanrt to sell them for three years. Three months is
irrelevant!

 

Nor was I. But you'd ruled out high interest accounts, which I assumed
included notice accounts.

So what did you mean by "higher earning assets" in your other post, if
not marketable, and variable, securities such as the ones to which I
was referring?

 

If I thought I was going to have no income in the near future, say
through losing my job, my initial thought would be "I'll get another
one and it will all sort itself out within the 3 months" so I'd use my
immediate liquid savings and not worry too much.
It would only be after two and a half months when, if nothing *had*
come along, that I would need to worry about the possibility of a
longer term and by then I'd need to start the process of liquidising
assets, so it would be the 3-6 month term that would be the issue for
me.

If it was for a long term illness, disability or somesuch, then I'd
probably start the liquidisation process right at the start.

 

Fairy nuff. And if you don't want to lose interest then they are
indeed not immediately accessable.

And you're absolutely right. If things suddenly go tits up you need a
bit of time to run round shouting "don't panic", and then to plan what
to do about it.

I think what I'm saying is that in practice there are no medium-term
assets - except possibly your own house (and other possesions). You
either have cash (currently earning say 5.5%) and cash ISAs (about the
same but tax-free), both instantly available, or you have securities
which you might not want to sell for a year or two at least. You do
have term accounts, but they don't seem to offer much benefit in
return for the loss of liquidity.

 

Bad form I know - but I should have added that this is where credit
has a big role to play.

 

I've always made a point of having a large arsenal of unused cards with
large credit limits for a rainy day.

 

<g> Quite. But if you've that many then maybe something like
http://www.cpp.co.uk/cardprotection/benefits.html
for when they all go missing?!

 

http://www.sentinelcardprotection.com/

"Free" with my current account.

 

Now you've either changed your tune considerably or that's a wind up
comment.

I'm genuinely surprised that you haven't paid it all off given what I am
assuming is your pretty decent earning rate at present.

IIRC Bloomsbury was your area of choice for a London flat - not cheap
though.

 

I saw this advertised on the tube yesterday...

http://www.guestinvest.com/

Looked like an interesting concept if you have the money to play with.

 

Just like all those poor souls who thought they'd end up with their
mortgage paid and a few thousand quid in the bank from their endowment
mortgages. I suspect a lot were told about the possible downsides but
ignored them.

 

When I took out my first mortgage in umm 1988 or something like that I
questioned "what happens if the endowment doesn't generate sufficient
funds to repay the loan"; the Halifax sales weasel had to suppress a
laugh and didn't feel it was a relevant concern.

In any case... isn't this doom gloom and despondency about endowments
gone wrong all bollocks in most cases? So there's a 15% (or whatever)
shortfall, surely in most cases this is a relatively modest amount by
today's terms? Assuming you had a 3x mortgage 25 years ago then a 15%
shortfall is just under six months wages from 25 years ago; hardly a
life-threatening amount (unless you are retired when your mortgage is
paid off I suppose)