Well I have to admit that it has been a long while since I updated the site with thoughts about the current fiscal situation in the UK.
Sadly, unemployment is now at 2 million, reposessions are at the max and we are being told that we are facing the worst recession in a hundred years - so what to do. There is an amusing advert on TalkSport where they suggest to bankers that they put money on the 7.55 at Kempton as it would be about as well intentioned and intelligent as many of their investments over the past 10 years or so.
Well I have not yet considered such a violent action to recover my financial status but may well soon have to consider releasing money from a locked pension fund or even selling my property abroad.
The two options fill me with dread as my pension scheme was a nice happy place to take myself to - releasing this pension to play with may be a nice idea, but is not advisable I am sure. Selling my property abroad also scares the hell out of me. I bought an off plan property may years ago and I have seen it as a long term investment - but still, in these hard times what can one do but release funds from savings and investments to carry through the long discontented financial winter we are all suffering….