Interest rates have been really low for a really long time. Great if you’re a mortgage borrower; not so good if you’re a saver. It’s these latter folks I want to give you some thoughts on what to do to get a better return than you’re getting in the bank, but what that might cost you in peace of mind and in pounds and pence
Pete Matthew: Financial Planner, Personal Finance Expert, Financial Blogger and Educator
MMP128: What to do about low interest rates
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In this session you will discover:
- Why I think rates will stay low for some time yet to come
- Why cash is not an investment
- Why money doesn't make you money – real assets do
- The difference between total return and natural income
- The ideal amount you should keep on deposit, and what to do with the rest
- Why you may never need to worry about rates of return again
Many people keep money on deposit out of ignorance, though they would never say that. They use phrases like “I’m a very cautious investor” when actually, they’re just scared of what they don’t know. This site is dedicated to improving your knowledge about money, so listen to some previous sessions of this show or watch one of the 295 videos. Learn, internalise, and try out some of this stuff. That way lies financial success.
For a full transcript of the show, click the big blue button below:
Resources mentioned in the show
Session 119 – The Godfather of Risk, Paul Resnik of Finametrica
Join the conversation
I love to read and respond to your comments, so please do join in and share. Question: Do you worry about low interest rates? If so, are you doing anything about it?
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