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Financial Industry think their clients are "muppets"?
Comments
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No long term capital growth?? but it keeps up with inflation??
Why is it that gold bugs, who seem obsessed by inflation, are too stupid to understand the concept of real returns?
Also, the fact that you can point to 2 stock failures out of the thousands that are publically traded does not mean that stocks are a bad investment. A well constructed portfolio can easily stand the failure of a few companies, it's called 'diversification', but you probably wouldn't understand that either.0 -
They have been overprinting money ever since they started printing money. Advantage of paper debasement is that all notes look, weigh, measure, and feel the same....... the money printing didn't start until the last few years.........
Overprinting of money has been going on in ever increasing amounts since the end of the war. Difference over time, is that the chickens have come home to roost and the drugs don't work any more.
Today's QE was yesterdays 'government stimulus', 'regional development grant', 'help for mothers to get back in to the workplace by providing funds for child care', and my personal favourite was when Michael Heseltine came up with money for such projects as a wildflower garden for Liverpool. I bet that got the manufacturers in Liverpool excited.
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Returns come in different forms, interest from savings a/c's, dividends on equities, and increase in value to name a few.......the concept of real returns?
.....it's called 'diversification', but you probably wouldn't understand that either.
Diversification is no more a guarantee of getting your money returned, than spreading your bets on a roulette wheel. This is why punters get referred to as muppet's by those who own casinos, as well as those in financial services.
Shhhhh, listen to the silence from the usual suspects.
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They have been overprinting money ever since they started printing money. Advantage of paper debasement is that all notes look, weigh, measure, and feel the same.
And during that entire time, gold has kept pace with the inflation whilst stocks have far outpaced it. It's stupid to concentrate on keeping pace with inflation when it's not difficult to beat it.Diversification is no more a guarantee of getting your money returned, than spreading your bets on a roulette wheel. This is why punters get referred to as muppet's by those who own casinos, as well as those in financial services.
Now this is just stupid. In your analogy what you've done is put all your money on 00 and it just happens to have come up recently.
A broadly diversified stock and bond portfolio produces an income, and thus a higher return. There's nothing casino-like about it and the fact that you think so just proves that you don't know what you're talking about. The volatility of stocks and bonds hides the underlying return, which is good. The volatility of gold also hides it's return, which is basically 0%. It really isn't that hard to design a portfolio that has an excellent chance of capturing that return, even if you use an IFA, even if you use actively-managed funds.0 -
100% active funds?
Nope
Having difficulty following this?We then had a discussion and built a suitable portfolio which includes a whole manner of asset classes both active and passive.scratchcard win?
Nope. I did win £25 on a premium bond once though.
Give it up darkpool. You're making yourself look like a "muppet".0
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