Got a fixed rate?
There is much speculation at the moment about interest rates and inflation.
Inflation is now at a 10 year high and it is much worse than many of the experts were predicting. The economy is good (so we are told) and wage demands are running high, with high demands expected in the spring.
Who else has noticed the intensity of sales pre Christmas? I’ve never had so many e-mails with discount vouchers and its cost me a fortune! But, does this mean that they’ll get more in before Christmas, or will the punter wait till the sales? Walking out and about in town I can tell you that there are loads of people out there, lets hope there’s enough of them spending money.
So what’s happened to the governments 2 point zero target? Nothing! It’s been running above the target 7 months now and Retail Prices Index (RPI) has been long seen as a measure to target higher wage rises. If you don’t receive inflation or above, in real terms you’re moving backwards! It might be unfair to say nothing has happened, but although good for the saver, rising interest rates suggest something is amiss and maybe worth some thought?
It’s our job to insure clients monies keep ahead of inflation, its target number one for us.
What should you do?
1, Speak to Jane Robertson who heads up our mortgage desk if you are concerned about the type of mortgage you’ve got. Apathy often sees clients stuck in a rut and paying over the odds on a Standard Variable Rate (SVR), maybe it’s time to get on a fixed rate?
2, Investments? Don’t just leave the monies sat in a bank account (often at way below inflation). Leave enough to ensure the direct debit monies can and will be met, then have your savings pot or emergency fund, the other monies should be working harder and smarter. We have other options, we have ideas for lower risk monies and our accountants and solicitors are finding that more and more that clients need to protect their wealth.
3, It’s a good time of year to have a review. A little shake up every now and then can do wonders for the mind. Maybe it’s all tickety boo and no need for change, maybe a little tweak here or there, but at least have a look at it.
4, Don’t just do nothing!
Whoever your adviser is, pester him or her a little and see what’s going on.
Johnny
There is much speculation at the moment about interest rates and inflation.
Inflation is now at a 10 year high and it is much worse than many of the experts were predicting. The economy is good (so we are told) and wage demands are running high, with high demands expected in the spring.
Who else has noticed the intensity of sales pre Christmas? I’ve never had so many e-mails with discount vouchers and its cost me a fortune! But, does this mean that they’ll get more in before Christmas, or will the punter wait till the sales? Walking out and about in town I can tell you that there are loads of people out there, lets hope there’s enough of them spending money.
So what’s happened to the governments 2 point zero target? Nothing! It’s been running above the target 7 months now and Retail Prices Index (RPI) has been long seen as a measure to target higher wage rises. If you don’t receive inflation or above, in real terms you’re moving backwards! It might be unfair to say nothing has happened, but although good for the saver, rising interest rates suggest something is amiss and maybe worth some thought?
It’s our job to insure clients monies keep ahead of inflation, its target number one for us.
What should you do?
1, Speak to Jane Robertson who heads up our mortgage desk if you are concerned about the type of mortgage you’ve got. Apathy often sees clients stuck in a rut and paying over the odds on a Standard Variable Rate (SVR), maybe it’s time to get on a fixed rate?
2, Investments? Don’t just leave the monies sat in a bank account (often at way below inflation). Leave enough to ensure the direct debit monies can and will be met, then have your savings pot or emergency fund, the other monies should be working harder and smarter. We have other options, we have ideas for lower risk monies and our accountants and solicitors are finding that more and more that clients need to protect their wealth.
3, It’s a good time of year to have a review. A little shake up every now and then can do wonders for the mind. Maybe it’s all tickety boo and no need for change, maybe a little tweak here or there, but at least have a look at it.
4, Don’t just do nothing!
Whoever your adviser is, pester him or her a little and see what’s going on.
Johnny
