In recessionary times........... what can you do about a pension?


posted on 15th of september, 2013

Interest rates are falling and at an all time low
Some people are so desperate for money to pay bills or mortgages they sell gold items for cash.
Evidence of recession is all around every shopping centre.
Some shops are having clearances and some even closing altogether because they are making a loss.


All this gloomy economic news has an effect on pensions
and presents a big problem for retirement income . When interest rates are low you need a larger and larger lump sum for investment to produce a decent retirement income.


So talking to a few people at vintage car rallys they told me that they have bought vehicles which will appreciate in value over the next few years so at retirement they can sell them and invest the proceeds hopefully when interest rates have risen and they then receive enhanced retirement income.
Here is the type of vehicle whose value should appreciate with time


It sounds perhaps a little complicated but if you don't trust money because of recession and / or inflation some folk invest in solid tangible objects like these vintage cars or in property to generate rental income.


Comments (13)

Posted by Perstock on September 18, 2013
Well, a highly relevant subject when it comes to editorial and in many cases also commercial stockphotos.
In Sweden one ongoing discussion in media is about hundreds of thousands small businesses that affects generational. The next years to come, the owners will reach pension age...
Also, its not only problems! Elder people are healthier these days. Some/many are also welthier. This affects consumption patterns...
So David, I think you are on an interresting path here!
(Sorry not native english spoken)
Posted by Gheburaseye on September 17, 2013
My problem, now is not pension ;)
Posted by Davidwatmough on September 17, 2013
No you didn't offend me or anybody else. These old cars would be originally priced at a few hundred pounds now well over £20,000 so if you wait long enough you can get a good return on the investment.
Posted by Gmargittai on September 17, 2013
Did not mean to offend anybody. Sorry if I did.
Posted by Davidwatmough on September 17, 2013
I think old cars which survive in pristine condition get fewer and fewer so the value will in fact appreciate in the long term !
Posted by Peanutroaster on September 16, 2013
Nothing holds its value if you buy at the peak.
Posted by Davidwatmough on September 16, 2013
I didn't object to people selling gold jewelry ........ it's simply an indication of the depth of recession that is so widespread.
Also I didn't say that old vintage cars are a good investment simply reported what a few owners told me about why they'd bought the cars .

When you write a blog its done partly to generate interest in your portfolio and other peoples images !
Posted by FabioConcetta on September 16, 2013
Thank you David! Even though working for 13 years, I have to wait many many years with the new contributory system! Some of my colleagues are very old and have not been able to retire for a few months ... Excuse my language, I translate with Google
Posted by Gmargittai on September 16, 2013
Nothing wrong about selling gold. It is supposed to be an investment and when people buy it they justify the purchase saying: Gold is always keeping its value and one can turn it into cash when in need.
I highly doubt that vintage cars are a good investment, but I may be wrong. It would not be the first time.
Posted by Jdanne on September 16, 2013
During the childhood of my parents people bought a few potatoes and a little bit bread with their jewelry. Hopefully this will not happen again!
Posted by Alvera on September 16, 2013
So, I shall keep my gold crown or sell it? Maybe I will get $0.42... :))
Posted by Davidwatmough on September 16, 2013
Fabio thanks I had begun to think nobody in DT was interested in the provision pensions for when they could no longer work.

Frankly retirement is a dirty word if you can carry on working.
Posted by FabioConcetta on September 16, 2013
The situation is very sad, in Italy people are re-evaluating the acquisition of agricultural land, I think the crisis is just beginning will have a very long course! Congratulations for the pictures!



Comments (13)

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Photo credits: David Watmough, Mellimage, Photobysharon, Skypixel.

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