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The Stock Market Takes Another Dive - Steer Clear ?
GeorgeHowell
Posts: 2,739 Forumite
At a time when the financial products industry will be pulling out the stops to get people to buy cash and non-cash ISAs the FTSE100 is back in the 5600s. Allegedly this is due to the latest twitchiness over the Euro fiasco. But perhaps it shows how a sea-change in factors affecting the stock market has arisen over the past 10-20 years with computerisation and globalisation causing volatility and a bearish tendency like never before.
People of great wealth can lose their shirts on various classes on investments without significantly affecting their lifestyle. But for the ordinary person, with £5,640, or even £11,280, to find a home for should non-cash ISAs be given a miss ? Even in this climate of the politically-motivated daylight robbery caused by supressed interest rates, is putting precious savings at the mercy of the vagaries of the stock market and other capital-risky investments still a step too far for most people ?
As a reminder, let's repeat the old mantra one more time : the FTSE100 is still well below its 1999 peak.
People of great wealth can lose their shirts on various classes on investments without significantly affecting their lifestyle. But for the ordinary person, with £5,640, or even £11,280, to find a home for should non-cash ISAs be given a miss ? Even in this climate of the politically-motivated daylight robbery caused by supressed interest rates, is putting precious savings at the mercy of the vagaries of the stock market and other capital-risky investments still a step too far for most people ?
As a reminder, let's repeat the old mantra one more time : the FTSE100 is still well below its 1999 peak.
No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher
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Since when is a drop from 5900 to 5600 on the FTSE100 considered a dive?As a reminder, let's repeat the old mantra one more time : the FTSE100 is still well below its 1999 peak.
But let us also not forget that the FTSE100 index value does not include dividend payments and that there is more to life than the FTSE100 which is not a very good index to invest in anyway.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Looks like a buying opportunity to me.0
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what the bloodly hell is your problem? Are you one of the sheep that only buy where there isn't a sale on? And on the stocks you held since 1999, did you realise that the dividend cheques were meant to be paid into a bank rather than thrown on the fire?As a reminder, let's repeat the old mantra one more time : the FTSE100 is still well below its 1999 peak.
Hell, I've just bought some shares in my ISA for this year. Guess why? Because the price has fallen!!!! Yes, of course it can fall more, so obviously I don't go and blow the lot.
I want a jolly good stock market crash. I want the Euro to finally go titsup. I want opportunities like 2009 again! Fly into the storm, don't run screaming like Chicken Licken...0 -
Exactly. When it dipped in August last year I took the opportunity to get Diageo at £11.50Onawingandaprayer wrote: »Looks like a buying opportunity to me.
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If 300 odd points is not a dive then let's call it a significant dip. The point is the same either way.
The FTSE100 covers about 80% of UK publicly traded stock. To avoid it, or try to be selective within it, enters us into the realms of trying to pick winners. A flutter on the 3.30 at Newmarket next week might turn out to be just as productive.
The 'significant dip' of the FTSE 100 since its 1999 peak is around 20%. Certainly reinvested dividends would have offset this, but whether in overall terms safer investments would have yielded a similar return is debatable. I've never seen convincing statistics either way -- in fact I don't think they exist.
In response to the character who wants to know what my problem is, my problem is the way that the financial services industry tries to lure the unsuspecting into products which are riskier than they understand them to be, and riskier than are suitable for them. It's shark infested waters out there, but some surfers are sadly oblivious to the risks.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
There's plenty of good opportunities at the moment in the stock market.
But you need to have the brains to find them and the stones to live with the volatility.Faith, hope, charity, these three; but the greatest of these is charity.0 -
Onawingandaprayer wrote: »You joined today to post this? Hmmm
It's spam, 3 posts so far and 2 are about recommending a person, and a further one promoting a website. The username itself promotes the website. Report it for a mod to decide would be the best bet.0 -
FinancialIntroNet wrote: »Jas Ahuja (real person) of Throgmorton Private Capital (real company) was the number 1 adviser in the country (UK) at Barclays Bank (records to prove it). I advocate my website as I work closely with him! He is free (doesn't charge for any advice)! i thought this would be a help to bloggers on this site!
ehhhhmmmm ok, he's free? so how does he make a living? Commission?0 -
Why can't I promote myself, my company and my knowledge?
Because it is against board rules and FSA financial promotions guidelines also cover posts made on internet discussion sites.He is free (doesn't charge for any advice)!
Either you are liar, a B*lls*tter or a fraudster as advice is not free. Whatever it is your posts have been reported to the board. If you are lucky, you wont find someone taking screenshots and reporting them to the regulator (which has happened before).
Also, promoting the services of a someone you say was the number one salesman at the bank with the worst reputation for mis-selling and closed due to the amounts of mis-sales being made is not something I think he would want to boast about.
You are doing the complete opposite to what it says you do on your website. It is a shame that you are not a regulated individual as your posts have made those that are look stupid.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Can you not take the hint, FinIntNet? Advertising is against forum rules
http://www.moneysavingexpert.com/site/forum-faqs#company
At risk of getting back on topic, OP seems to be confusing market fluctuations with products offered by the financial services industry. Which is he actually railing against?0
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