Looking into 2009

With the new year upon us it isn’t looking terribly bright. The British Government is following the same policies it always has despite the rapid downward trends of the global economy. These same policies are the ones that have left the country fundamentally weak and crippled, policies that were meant to make the country grow and prosper have failed. In their pursuit, the government has failed to put money aside for hard times and instead spent, spent and spent.

Now it is savers that are expected to bail the country out, the very people that have not contributed to this problem are the very people that are now going to be penalised as they help bail out reckless borrowers and the incompetant government. In addition to this the higher band tax payers are also going to be penalised, not only will their savings income be reduced but they will also be taxed more.

The lower interest rates have not yet been truely relected in peoples savings accounts, indeed when they are, in my opinion they will not offer an effective investment. Indeed I think we will see these savings options being outstripped by the rate of inflation. It is therefore time to seek alternative investment opportunities.

I believe the best place to invest at this point in time is in fixed interest coporae bonds & gilts. They lock you in at a decent and fixed rate of interest and currently are very well priced, though as more people jump on the bandwagon this will change as prices will be pushed up. This rise in price however, will be a good increase in investment if you are already aboard. For those of you in the UK the best place to house these investments is within your stocks & shares ISA’s and your SIPP’s. This tax free haven combined with the fixed interest will make coporate bonds and & guilts one of the best investments in 2009.

• Goals & Debt

• Outstanding Debts & How Much is Payed
  
  Total Student Debt: £17,836.70
  £1700
  
  
  
  Net Worth Goal: £1,000,000
  £36,579.08