23-02-2014, 10:33 AM
1
Saga Shares
I'm assuming other Saga Members are getting all the bumph that we have had for years from Saga but on Friday we got an invitation to take up Saga Group Shares.Personally I found that the advantages of Saga Membership became less and less valuable to us over the years, especially when their holidays became more and more expensive and what you got wasn't a patch on our first Saga holiday, which we thoroughly enjoyed.
Likewise I got fed-up with the magazine and cancelled it because so much of it seemed to be targeted towards those members that were obviously far more affluent than we were!
The rather haughty and superior way they closed a very popular forum too took away enjoyment for hundreds of people our age and, to me, it seemed like they just didn't like being criticised or in fact any comments about Saga in any way, shape or form!
My feelings are that they are desperate now but I won't be registering any interest in their shares for the simple reason we can't afford to risk anything at all.
We've only ever had shares once before and we had to leave them for years before the price went back up enough to warrant selling them.
In that particular case my wife was in a Share-Save scheme for 10 years and, when she and hundreds of others were made redundant, the true extent of the company's failing business became apparent - so their share prices dropped like a stone!
Has anyone here actually made any decision about this share offer? stevmk2
23-02-2014, 11:43 AM
3
Re: Saga Shares
I wouldn't buy Saga shares for similar reasons to stevmk2, but careful selection of shares or a stocks and shares ISA is worth a thought for income in these days of disgracefully low returns on savings. Not for the faint-hearted I guess, but my short-lived foray into the market when I was earning did give good returns over a period of years. It's knowing when to sell, and what to do with the proceeds that's the hard part. I just look for income in these days of retirement. Any capital gain is just icing on the cake but small losses are not a great problem if the dividends stay reasonable - say around 3% and tax free with an ISA.As for the Toff mentality, well if you can't beat 'em......
23-02-2014, 12:03 PM
5
Re: Saga Shares
That's OK - I always respect principles, but as an old retired guy and certainly not a Toff (you should see where I live!) I just have to find the best return for my hard-earned savings, and I'm sure I'm not alone there. As a nation we've turned into a 'Spend Spend Spend' society, much of it backed by cheap credit and printed money. This can only lead to another financial crash, and even more inflation. It's our savings that will be stolen to fix this, just as is happening now, so finding an inflation - beating haven for any cash you may have is vital if you don't want to see that cash shrinking each year. A hard choice, but a fact of life in today's shyster driven economy.
23-02-2014, 12:40 PM
7
Re: Saga Shares
Yes Patsy and thanks for your replies. I only wish life was simpler and you could live on any bits of savings without prices going through the roof. It's a great shame that we as a country have come to this, and I'm glad I'm not a youngster today - they're the ones that are going to pick up the final bill, and are unlikely to have as comfortable or as long a retirement as my generation. My 'problems' pale into insignificance compared to what's around the corner if things continue as they are.
23-02-2014, 01:39 PM
10
Re: Saga Shares
Originally Posted by 2wheeler
->
Yes Patsy and thanks for your replies. I only wish life was simpler and you could live on any bits of savings without prices going through the roof. It's a great shame that we as a country have come to this, and I'm glad I'm not a youngster today - they're the ones that are going to pick up the final bill, and are unlikely to have as comfortable or as long a retirement as my generation. My 'problems' pale into insignificance compared to what's around the corner if things continue as they are.
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