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'We lost everything gambling on shares'

Glen_Clark
Posts: 4,397 Forumite
“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair
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owch, nasty. Companies already are leveraged vs their assets in almost all cases, so shares are often volatile because of variable outcomes to investing vs debt costs.
Adding even more borrowing to hold shares is super risky, stick to funds0 -
Another misleading and in my view irresponsible headline that will reinforce views that shares are too risky to invest in.
The story is pure out & out leveraged gambling not investing and it is no wonder they lost money. Would it be a different reaction if "Lost all my money at William Hill" which is the same as what they've done.
It's just a shame that a lot of people won't read beyond the headline and realise that shares are not gambling and there are ways to reduce risk - not leveraging your investments is a key one.Remember the saying: if it looks too good to be true it almost certainly is.0 -
You can't go wrong in bricks and mortar.Free the dunston one next time too.0
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Is this really Barclays' fault? The article seems to want to slant it that way... at least the headline is accurate.
They gambled, hoping to make big money with no effort involved, they lost... end of story.0 -
Is this really Barclays' fault? The article seems to want to slant it that way... at least the headline is accurate.
They gambled, hoping to make big money with no effort involved, they lost... end of story.
Headline might be better as "we lost everything gambling"
The shares bit is pretty irrelevant as they could have lost that money on any form of gambling. They certainly weren't investing chasing those returns on a daily basis with borrowed money.
Only so much a company can do to warn people if they are determined to do it. At some point you have to accept personal responsibility for making stupid decisions not blame a bank for letting you do it of your own free will.Remember the saying: if it looks too good to be true it almost certainly is.0 -
You can't go wrong in bricks and mortar.
http://metro.co.uk/2013/12/06/we-watched-our-house-collapse-before-our-eyes-family-see-home-fall-off-a-cliff-4221333/0 -
Gianpaolo Prinzi, 53, and his partner, Fernanda Freitas, 51, lost £180,000 in a series of trades after experimenting with a highly dangerous investing tool that is offered to all Barclays Stockbrokers customers.
If you decide to experiment with £180K and try to get rich quick but end up losing all your money then its best not to blame others and take personal responsibility.
If this couple had made a profit then I doubt they would think about writing a story to thank Barclays stockbrokers so don't blame the broker when the trades did not go in your favour.
Next time thinking of experimenting stick to practice accounts.Never let the perfume of the premium overpower the odour of the risk0 -
All they offered was the ability to trade and settle in a few days time; pretty standard. The bloke must have been a plank.0
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Headline might be better as "we lost everything gambling"
Not when you are using it to try and sell 'newspapers'
I think the fashionable word for it is 'clickbait'
A bit like the title 'Benefits Street' that has given the TV programme of that name the highest numbers of viewers. Apparently they told the residents when they were filming it was to be about multicultural living. How many people would have watched it with a title like that?“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Crumbs. What investments were they purchasing?
I invest in funds and Investment Trusts in a S&S ISA but have a balance of about 8k in addition to the investments I have made thus far. This was my own money.
If I invest all my own money in the ISA does Halifax then allow me to borrow from them to buy investments over and above. I have maxed out the ISA allowance for this year?0
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