Now I may be a novice but I am trying to learn

Cleaver

geoffky wrote: »

I thought i could play the market last year and lost 20k on euros....not been back in since...its too volatile for the small players..

And yet you still dispense advice on the housing market with complete confience and certainty. Baffling.

Mistakes are the portals of discovery, as a drunk, Irish genius once said.

vivatifosi

mewbie wrote: »

Good time to buy the pound? Looks like others don't think so, but you could be a contrarian investor.

Low pound - good for exports.
High pound - good for imports.

So it's all good apparently.

Interesting point mewbie and one which I feel has yet to fully play out. I know of several companies who are in good sectors with solid order books but are taking an absolute pounding on the strength of the Euro. Contracts that were previously profitable have become loss-making to fulfil. It will only just be starting to show up in financial accounts due to timing, but it is a problem that is welling up. I've even heard of some looking to restart manufacturing here. Of course many won't and some goods will just go up in price.

A lot of companies can take a year of poor exchange conditions, but if we end up down against the Euro for 5 or 6 years, which is entirely possible, it could send companies under.

Thrugelmir

If you think the £ will fall further against the $ and Euro. Still time to buy large Cap stocks that derive majority of income from abroad or buy some European stocks.

Capital markets will be putting pressure on sterling. As there's no where to hide. The UK needs to borrow and the lower the exchange rate the better for foreign investors.

Upside is that it reduces UK banks liabilities and increases value of foreign earnings. So strengthens their balance sheets, particularly helps RBS.

JonnyBravo

1984ReturnsForReal wrote: »

What I am worried about is my lack of knowledge, honest...

Likewise.
But I'm sure your ability to make huge sums of money is a comfort to you.

1984ReturnsForReal wrote: »

I just knew the extent of debt the UK is suffering hadnt been widely published at that time & would have an effect.

Oh you kidder..... so you knew all along..... tut...... you genius types are all the same, kidding us stupid types.....

1984ReturnsForReal wrote: »

To me, at that time, it was a foregone conclusion it was going to drop.

Good one. Got any other certainties we can check you against?
Only perhaps if you could let us know beforehand so we can take advantage of them...... like you undoubtedly did???
You didn't? Why on earth not when so certain?

1984ReturnsForReal wrote: »

At the time I thought hold on, I cant be hearing this & then thought maybe I was wrong & buying high made you money somehow...

Oh, so not so certain after all. Wrong? You?

1984ReturnsForReal wrote: »

I had to question myself & just looked at it again today.

But you were right after all eh? Phew! What a relief. How much did you make? Enough for a house yet?

1984ReturnsForReal wrote: »

Dear Sirs,

Unlike JonnyB I can work out that a £800bn debt as worked out by Downing Street nearly 6 months ago equates to a bigger debt after you factor in a bigger loss than they expected on tax revenue!!

Eh? I think you'll find it was me who was suggesting there was no hidden trick or knowledge and you who was claiming "special insight" due to your extensive reading.
What's next on the list? Jordan's exclusive in OK! ?