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The Stock Market Takes Another Dive - Steer Clear ?
Comments
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EnglishMohican wrote: »I believe most people are told (I'm sure I have read it here) that the first step in investing should be a nice safe FTSE tracker. Get that established and then diversify into cleverer things.
Told by who? I'd certainly never point anyone towards investing in just a single asset class in a single territory.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
gadgetmind wrote: »Told by who? I'd certainly never point anyone towards investing in just a single asset class in a single territory.
I normally enjoy your posts and appreciate your views but a single liner of this sort does not add much to the discussion. If you mean that asset classes such as cash savings, pensions and perhaps property (ones own house?) are a much better first step than an investment into stock then I agree totally.
But having got over that and decided to diversify into "investments" where does one start. Articles can be found that argue that the FTSE covers more than one territory because it benefits from holding a group of very international companies that represent the worldwide economy.
It is diversified over a range of sectors though maybe not well diversified.
It carries no currency risk - for UK holders at least.
As posted earlier, I am not sure what other investment you would advocate for a first toe in the investment water. Most of us are not rich enough or experienced enough to invest significant sums in a wide range of territories or asset classes. We have to start somewhere and I stand by my statement that I have read that a FTSE tracker is a good starting point. Please suggest a better one.0 -
Is there a reason you are posting lots of links about oil and Iran in this thread? Could you at least type some words into each post with why you are posting a particular link?
I'll consider it, but if you don't realise the importance of oil and politics to the markets - well - words fail me.0 -
I'll consider it, but if you don't realise the importance of oil and politics to the markets - well - words fail me.
Word clearly have been failing you, which is something you might like to address.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
gadgetmind wrote: »Word clearly have been failing you, which is something you might like to address.
Well they say a picture tells a thousand words. Here is one for you to put in your pipe and smoke it:
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I'll consider it, but if you don't realise the importance of oil and politics to the markets - well - words fail me.
But this is not a newsfeed on a very specific news subject. It is a thread which is allowing people to discuss, largely in very civil tones, the specified topic.
Your posts do not in the slightest relate to that topic.
If you want to start a thread on iran and oil please do. But simply cluttering this thread with a random selection of links does you or the subject you relate to no credit.I believe past performance is a good guide to future performance :beer:0 -
Don't be pompous and insolent
They are correct.
Anyone who believes that up to the minute oil and Iran are vital for future investments will be unlikely to wait to hear news of it on this forum. And anyone who doesn't care is not going to be convinced of the importance by you posting a few news feeds.
These posts may be better suited to the house price and economy forum where they will reach a more willing audience.0 -
Radiantsoul wrote: »They are correct.
Anyone who believes that up to the minute oil and Iran are vital for future investments will be unlikely to wait to hear news of it on this forum. And anyone who doesn't care is not going to be convinced of the importance by you posting a few news feeds.
These posts may be better suited to the house price and economy forum where they will reach a more willing audience.
In my opinion they are vital at present for decisions on buying and selling long term investments.0 -
EnglishMohican wrote: »But having got over that and decided to diversify into "investments" where does one start. Articles can be found that argue that the FTSE covers more than one territory because it benefits from holding a group of very international companies that represent the worldwide economy.
It is diversified over a range of sectors though maybe not well diversified.
It carries no currency risk - for UK holders at least.
As posted earlier, I am not sure what other investment you would advocate for a first toe in the investment water. Most of us are not rich enough or experienced enough to invest significant sums in a wide range of territories or asset classes. We have to start somewhere and I stand by my statement that I have read that a FTSE tracker is a good starting point. Please suggest a better one.
I would be interested to hear this too. I guess bonds are the obvious option. Foreign exchanges too, although I suspect they are quite closely correlated with the FTSE100. Other asset class apart from cash are quite expensive for a small private investor to get involved in.0 -
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