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Debate House Prices


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Reasons to be cheerful

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Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    michaels wrote: »
    Surely a market that appears fairly random and reacts to events helps to confirm the efficient market hypothesis?

    What I always find amusing that amateur investors seem to see a high and rising market as being good value but a market that has fallen a long way as being 'toxic'. To me regardless of anything else buying the market at 5000 has to be better value than buying it at 6000.

    I agree there where some interesting debates on here back in Nov 2008 to March 2009:) Here is one from Nov 2008.

    https://forums.moneysavingexpert.com/discussion/comment/16029145#Comment_16029145
    '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 Thatcher
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Good shout DD a 6 bagger :) fortune favours the brave.
    Oh well, I gained nicely on HBOS (bailed yesterday) and I'm now in with Ashtead Group at 25.42p a share. This is another good company whose share price does not reflect their value
    '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 Thatcher
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Not so good :eek:
    I sold Ashead Group this morning at 31.5p a share, another decent profit. Put everything straight into Bluebay Asset Management at 67p per share. They're currently in a holding pattern at 73p. I'm hoping for big things with this one
    '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 Thatcher
  • oldvicar
    oldvicar Posts: 1,088 Forumite
    StevieJ wrote: »
    Looking at the authors name I can imagine some of the doomers on here paraphrasing Henry2.

    The author [Thomas Becket is chief investment officer of PSigma Investment Management.] also told the Daily Telegaph that he expects inflation to exceed 20% before the end of the decade.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    oldvicar wrote: »
    The author [Thomas Becket is chief investment officer of PSigma Investment Management.] also told the Daily Telegaph that he expects inflation to exceed 20% before the end of the decade.

    From your tone I guess you know he is going to be incorrect, impressive.
    '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 Thatcher
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