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When Do We All Withdraw Our Investments and Savings?

13

Comments

  • Wilkins
    Wilkins Posts: 444 Forumite
    I'm keen to invest, reap the rewards and then get out before that happens. Hence my question of when.

    In other words, timing the market. Oh dear.
  • ChesterDog
    ChesterDog Posts: 1,146 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 31 October 2013 at 6:30PM
    Much of the economy's performance relies on sentiment and confidence.

    It is heartening - and telling - that in spite of MW's klaxon-style alarm bell ringing, even they haven't been able to trigger a collapse. :-)



    Yet.

    We are not being glib. It is important to be concerned. But the MW piece is bordering on propaganda. It distorts the truth. The truth is that we are in a right old mess and it is going to be a hell of a job to sort out. Let us hope it can be done. The truth is NOT that we are definitely doomed because a spurious, misleading graph or two, and someone shouting very loudly says so.
    I am one of the Dogs of the Index.
  • mikb
    mikb Posts: 644 Forumite
    Part of the Furniture 500 Posts Name Dropper
    Wilkins wrote: »
    If civilisation were about to end, do you really think they would have a solution?

    Yes.

    A 12 month subscription to Moneyweek ...
  • ChesterDog
    ChesterDog Posts: 1,146 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    mikb wrote: »
    Yes.

    A 12 month subscription to Moneyweek ...

    I wonder if they would be willing to defer payment until after the collapse.
    I am one of the Dogs of the Index.
  • JuicyJesus
    JuicyJesus Posts: 3,832 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    brasso wrote: »
    I have to ask the obvious question: if you believe the economic system is going to disintegrate, why on earth would you be keen to invest in stocks?

    Short selling would be an obvious answer, but even that requires a liquid market which would most certainly not exist in the event everything did go pear shaped.
    Most people who fear calamity buy physical gold or bitcoins or some other commodity like baked beans, and stay well away from the markets.

    Don't get me started...
    urs sinserly,
    ~~joosy jeezus~~
  • jimjames
    jimjames Posts: 18,928 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 31 October 2013 at 7:48PM
    Even if MoneyWeek is an awful publication, their facts are facts and so cannot be argued with. Or are you saying their facts and figures are wrong dunstonh?

    Damn lies and statistics.

    Very easy to quote numbers to suit your agenda. And those who don't understand will believe them.

    So what are you going to do with the money you withdraw from your investments to keep safe when Armageddon comes?
    I'm keen to invest, reap the rewards and then get out before that happens. Hence my question of when.

    And when will you get back in?

    2008 seemed like the end of the stock market had arrived and again in 2009. Same in 1998, 2000 and 2003. If you try to time it then most people will lose money by missing the bounce even if they time their exit.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • Biggles
    Biggles Posts: 8,209 Forumite
    1,000 Posts Combo Breaker
    As Archibold has pointed to, they are predicting a complete meltdown and not an advertisement for their subscription
    Ah, bless!

    They predict a complete meltdown every month, and have done for ten or twenty years, so far as I recall. It hasn't happened yet. And the exact nature of each predicted disaster is different - obviously, it has to be because it's only an advert to draw in new [STRIKE]mugs[/STRIKE] subscribers.

    Your persistent gullibility is so unbelievable that I'm beginning to think you're actually employed by Moneyweek and this is their new sales tactic, so I'm going to stop 'feeding the troll' and move on.
  • dealer_wins
    dealer_wins Posts: 7,334 Forumite
    I'm keen to invest, reap the rewards and then get out before that happens. Hence my question of when.

    Get out the planet, because if what "moneyweek" predict happens, even gold will be worthless LOL
  • Archi_Bald
    Archi_Bald Posts: 9,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    As Archibold has pointed to, they are predicting a complete meltdown and not an advertisement for their subscription as that would be pointless based on their conclusion from the article.

    Hang on, I think you misunderstood what I was saying.

    I have never said they are not advertising for subscriptions. Because saying so would be lying, and I don't lie.

    The main thing they do is punting for subscriptions.

    Which would be completely pointless if their predictions were true. I hope this conclusion is obvious but please say if it isn't.
  • Wilkins
    Wilkins Posts: 444 Forumite
    :rotfl:
    mikb wrote: »
    Yes.

    A 12 month subscription to Moneyweek ...
    :rotfl::rotfl::rotfl:
This discussion has been closed.
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