Possibly stupid question

Sarastro

NineDeuce wrote: »

Too late. The market has tanked. But in good Brexit news, we can get rid of the law which defines the contents of olive oil.... Puts things into real perspective, eh?

Pretty sure the market hasn't 'tanked'...

Strangely I think it's a good idea to have something that defines the contents of Olive Oil, like trading standards or something, just in case someone tries to sell us cod liver oil instead.

talexuser

Sarastro wrote: »

Pretty sure the market hasn't 'tanked'...

Possibly missed the irony? It was a succinct way of saying there may be negative economic consequences of leaving without deals in place, with minimal advantages of reducing red tape (which we will probably have to satisfy anyway to export to Europe). The stupidity of "Project Fear" during the referendum was to imply that everything would happen the day after the vote, instead of the decade or longer it will need to see if growth is on historic trend or turns out below.

aroominyork

AlanP wrote: »

General advice is to spread your investments - diversification - so your pot doesn't "tank" if Boris has a bad day at the office.

If Boris has a bad day?

jimjames

aroominyork wrote: »

If Boris has a bad day?

Investments tank or prison sentence doubled. His bad days can have worse consequences than just the markets

BananaRepublic

Betting on the markets is not a good idea. It assumes you know something they don't. They have priced in Brexit uncertainty, both in the FTSE and in the currency. If the UK tanks post Brexit, shares will fall, and vice versa. They don't price in extremes and unknowns. In my view a safer approach is to buy after the market tanks, if it does, and stay invested for the long term. Alternatively just buy and ride out the markets for 5-10 years or more. Time in the market matters.

As for Greece being one of the best performers, that's because it started low, and arguably provided good value. So many people buy when the sun shines and sell when it's stormy ...