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The Stock Market Takes Another Dive - Steer Clear ?
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I read that C&W have assets that will be very useful to Vodafone for constructing yet more tax avoidance schemes."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
Joining in the spirit of posting random links. Global shares fall as anxiety returns
http://www.bbc.co.uk/news/business-17810759Remember the saying: if it looks too good to be true it almost certainly is.0 -
Joining in the spirit of posting random links. Global shares fall as anxiety returns
http://www.bbc.co.uk/news/business-17810759
My links aren't random, they are carefully selected :cool::p:D0 -
My links aren't random, they are carefully selected :cool::p:D
I'm sure that someone using a shotgun could claim that carefully selected pellets hit the pigeon.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 -
Today I have mostly been buying miners, banks, insurers, general European equities, and yet another mega-discount commercial property REIT.
Doncha just love the sales!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 -
The only preposterous thing is your pathetic refusal to acknowledge the facts, even now you continue to adhere to your discredited adherence to the FTSE being the be-all and end-all of portfolios. You're the one sidestepping the facts presented in opposition to your viewpoint and showing a pig-headed unwillingness to understand anything. Your posts have shown that you have a clear lack of understanding of even basic portfolio management, yet you feel qualified to lecture people about these things.
Also FYI you don't know what 'disingenuous' means.
Please don't tell me that I don't know what certain words mean -- I do know, and it was used correctly used in the right context. Beyond that, as far as I am concerned your semi-hysterical posts do not merit a constructive response. If you cannot formulate an argument without resorting to petty snipes, talking down, and name calling then it reflects badly on you as an individual, and it discredits the points that you are trying to make, whether or not they have any validity.
In short -- grow up.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 -
gadgetmind wrote: »I'm sure that someone using a shotgun could claim that carefully selected pellets hit the pigeon.
Have it your way if you want, doesn't matter to me
;) 0 -
The FTSE 100 does not represent the British economy - why?
1) Much of British industry is foreign owned - for example all car manufacturing, steel, most electronics and chemicals etc
2) Much of the FTSE100 isnt in the UK - there are global companies with a UK base but with comparatively little involvement in the UK (for example miners and drillers) and several foreign companies which choose to be quoted on the London exchange but with no UK involvement whatsoever.
The FTSE has been highly volatile over the last say 15 years. Yes its 20% down from its maximum of 12 years ago BUT 70% up from its minimum of 9 years ago. For anyone to base an investment strategy on the FTSE seems madness to me.
Its easy for investors to have minimal or even zero investment in the FTSE100 if that's what they want. Investment is now a global activity. The London exchange represents only 6% of the global stock market capitalization. So of course there is "lots to go round".
So the basis of your arguments is a small, unrepresentative, and somewhat disparate collection of shares that just happen to be quoted on an individual exchange. Seems pretty weak to me.
The basis of my argument is consistently missed by some readers. It does not matter in itself whether the FTSE100 index has gone up or down over 10 years or 12 years, or up over 7 years, or any other such factoid. All of these data serve to demonstrate the fact that stocks and shares do go up and down a lot, unpredictably, over long and short periods. There is no valid case to be made any more that they will necessarily beat all alternatives given long enough. Also the FTSE 100 cannot be just dismissed, because for one thing as someone has said it is a big chunk of what the fund management and financial services industries try to sell. Also stocks and shares which are not in the FTSE 100 index are just as volatile and unreliable (look at China).
Nevertheless swathes of the financial services industry try to flog these products at anyone who will buy them. Many of the potential buyers are not fully aware of implications, or of the risks that they are taking with their capital. I reject that notion that because there are some good IFAs who do not do these things, none of them may be criticised. I also reject the notion that caveat emptor should apply and that if people do not read small print or do their homework then its their own fault if they lose out -- not where life savings and pensions may be at stake, and where the subject is so complex, technical, and potentially confusing.
That is my point, and harping on about an allegedly unrepresentative share index or an allegedly unrepresentative time period, because I use these to illustrate the broader point, is a fudge and a red herring in terms of the big picture. In the light of all the recent horror stories about misselling, misrepresentation, and sharp practices, anyone who disputes that there is a problem is either in denial, or has a vested interest in trying to refute the obvious.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
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