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Alessio Rastani...what does everyone think of his statement on BBC?
Desperate_Housewife_2-2
Posts: 1,787 Forumite
http://www.bbc.co.uk/news/business-15059135 I saw this on the BBC news website and his honesty was quite refreshing! Thing is, what are we supposed to do? anyone got any ideas apart from the usual 'take to them thar hills with a gun and 6 month supply of water and food in spirit of millenium blahblahblah..'
How does one make money from a downward market apart from buy low sell high etc...
How does one make money from a downward market apart from buy low sell high etc...
Save £12k in 2012 no.49 £10,250/£12,000
Save £12k in 2013 no.34 £11,800/£12,000
'How much can you save' thread = £7,050
Total=£29,100
Mfi3 no. 88: Balance Jan '06 = £63,000. :mad:
Balance 23.11.09 = £nil.
Save £12k in 2013 no.34 £11,800/£12,000
'How much can you save' thread = £7,050
Total=£29,100
Mfi3 no. 88: Balance Jan '06 = £63,000. :mad:
Balance 23.11.09 = £nil.
0
Comments
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This is the 4th time this video has been posted here."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
can't find it...Save £12k in 2012 no.49 £10,250/£12,000
Save £12k in 2013 no.34 £11,800/£12,000
'How much can you save' thread = £7,050
Total=£29,100
Mfi3 no. 88: Balance Jan '06 = £63,000. :mad:
Balance 23.11.09 = £nil.0 -
Desperate_Housewife wrote: »can't find it...
Here's one ..
https://forums.moneysavingexpert.com/discussion/3511295"The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
never heard of him''apply within''0
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Short the market, spread betting... its not hard... Spreads will be bigger...Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
he is a clown.
going on and on about how much money he is going to make in a recession. how is he going to do it? buy treasury bonds. wow, that's a real get rich quick scheme. not.0 -
chewmylegoff wrote: »he is a clown.
going on and on about how much money he is going to make in a recession. how is he going to do it? buy treasury bonds. wow, that's a real get rich quick scheme. not.
Why didn't he make any in the 2008 recession
http://www.telegraph.co.uk/finance/economics/8792829/BBC-financial-expert-Alessio-Rastani-Im-an-attention-seeker-not-a-trader.htmlHe is a business owner, a 99pc shareholder in public speaking venture Santoro Projects. Its most recent accounts show cash in the bank of £985. After four years trading net assets are £10,048 - in the red.:eek:'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Desperate_Housewife wrote: »anyone got any ideas apart from the usual 'take to them thar hills with a gun and 6 month supply of water and food in spirit of millenium blahblahblah..'
I have always thought 'taking to them thar hills' was a reasonably sound plan, provided one also buys a house and the land around it.
If you cannot be arrised to that, then land looks a solid investment anytime, but not a terribly liquid one. 0 -
In the interview Mr Rastani described himself as an independent trader. Elsewhere he claims he's an "investment speaker". Instead of operating from a plush office in Canary Wharf Mr Rastani works and lives with his partner Anita Eader in a £200,000 semi in Bexleyheath, south London. The house, complete with a mortgage from Royal Bank of Scotland, belongs to her not him.
"They approached me," he told The Telegraph. "I'm an attention seeker. That is the main reason I speak. That is the reason I agreed to go on the BBC. Trading is a like a hobby. It is not a business. I am a talker. I talk a lot. I love the whole idea of public speaking."
lolFaith, hope, charity, these three; but the greatest of these is charity.0 -
Plenty of ways of making money in a falling market. I paid 30% off peak price for my house after the last crash for example. Short selling, either in the real market or spread market.
Plenty of industries benefit from a recession too. Defensive stocks (tobacco, biotech, supermarkets etc) and of course the likes of wonga. You just need to do your research like at any other time. Recessions are not the enemy of the trader, low volatility is the enemy of the trader.0
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