Investing is just a game

bigfreddiel

Once you realise investing is just a game, and that there are no experts, just those who have realised this fact then you can get on with your life, invest in trackers and ignore all that conflicting expensive advice.

Where's my evidence?

If all these financial experts where any good surely they would be keeping this to themselves so they could increase their wealth. Why share it with others unless you were going to charge even more?

It's a bit like tipsters, surely they would be better off betting on their own tops. You would get a far better price than if thousands of others followed these sure fire tips!

Whys it just a game, well you need to learn a few simple rules, read up about tax efficiency and you can be a winner in this game. Trouble is the game masters try and keep the rules to themselves.

Anyway the choice is yours, go for global trackers, or get sucked into some financobabnle and pay for it.

Good luck guys and gals fj

tacpot12

You should never let the tax tail wag the money dog, but I agree it is a game. All the experts in the world aren't going to get it right all of the time; but I do think that the professional have the time to do it properly, so get your portfolio management done cheaply by the professionals or do it yourself.

Hope you win!

bowlhead99

bigfreddiel wrote: »

Anyway the choice is yours, go for global trackers, or get sucked into some financobabnle and pay for it.

Hey, I enjoy flirting with financobabnle. Global trackers are boring.

talexuser

Not worth discussing.

Gadfium

Retirement and boredom must equal hitting the sauce early and hitting the Internet to talk drivel.

coyrls

Go on spend that £30!

Ray_Singh-Blue

Ha. I genuinely do think of investing as a game to be played with spare money. A long game which challenges the intellect and requires conviction, and which has winners and losers.

The score is simply the bottom line. To win is to outperform a benchmark (mine is VLS60), to lose is to underperform.

These days I play by rules, although in previous years took a more freestyle approach.

Recently I lost thousands of pounds of real money when a company I owned was taken private then compulsorily purchased for pennies, and felt the same sort of pain as when I bust at pontoon by picking a King when I held a six, a four and a two.

Alongside that, I bought thousands of pounds of a fund which has doubled since. I feel the same sort of pleasure as when I got to buy all the yellow streets in a game of Monopoly (something about the risk:reward ratio of those yellow streets made them my favourite, even aged 8).

Lrimas

I don't think you completely understand how price works (I appreciate that you are mostly trolling, but I have seen other people say similar things).

Price is all about supply and demand.

Let us imagine that I buy (or invest in) Product X.

A few years later I try to sell Product X but unfortunately very few people are interested in it. I end up selling it at a loss (if I can even get rid of it at all).

On the other hand imagine that I go around telling people (and convincing them) that if they buy Product X they will get rich and be able to sell it for a huge profit. A few years down the line when I try to sell it I'll have loads of people vying for it and I can sell it for a huge profit.

So the advice you get is good, it is just too late.

Thrugelmir

Lrimas wrote: »

I don't think you completely understand how price works (I appreciate that you are mostly trolling, but I have seen other people say similar things).

Price is all about supply and demand.

Let us imagine that I buy (or invest in) Product X.

A few years later I try to sell Product X but unfortunately very few people are interested in it. I end up selling it at a loss (if I can even get rid of it at all).

On the other hand imagine that I go around telling people (and convincing them) that if they buy Product X they will get rich and be able to sell it for a huge profit. A few years down the line when I try to sell it I'll have loads of people vying for it and I can sell it for a huge profit.

So the advice you get is good, it is just too late.

Somebody has to start buying at the bottom though. That's where the real money is to be paid. Identifying a cheap asset and building a sizeable stake. Can be extremely rewarding though requires patience to remain committed. While no one else appears interested.