Corbyn proof your portfolio.

Malthusian

poppy10 wrote: »

Under the last left wing Labour government we had, from 1974-79, the FTSE all-share more than tripled, having stagnated under the Conservative administration of the previous five years.

This is an excellent attempt to spin high inflation and a fall in the value of the pound as a good thing. (See also Brexit on the latter front.) I award you four out of five Campbells.

Nobody who votes for Corbyn gives two samovars about the FTSE All Share.

Voyager2002

Malthusian wrote: »

Nobody who votes for Corbyn gives two samovars about the FTSE All Share.

Well, I am an active member of Momentum and Corbyn supporter. I pay a great deal of attention to how my investments are doing, and as a matter of fact I expect my portfolio to do very well under a Corbyn government. Although you are partly right: the FTSE all-share is not terribly relevant to my investments.

Uxb1

poppy10 wrote: »

Under the last left wing Labour government we had, from 1974-79, the FTSE all-share more than tripled, having stagnated under the Conservative administration of the previous five years.

As well as omitting inflation you also "conveniently forgot" to mention that the index plunged from 1973 to 1974 by 73% so the index was at rock bottom in Sept 1974.

Freecall

While it is quite legitimate to take a contrary economic view to Labour, the implied suggestion that somehow there would be a deliberate attempt to undermine the UK economy is just daft.

Economists certainly have differing views about appropriate levels of public investment but you can be sure that such plans would be laid out clearly in the manifestos of the major parties.

How the entire future of our country can somehow be reduced to the possible effect on the FTSE all-share index sounds like Daily Mail territory to me.

As always, global diversified investments are the answer to ride out any UK specific glitches.

Prism

Malthusian wrote: »

Nobody who votes for Corbyn gives two samovars about the FTSE All Share.

Speak for yourself. I have plenty riding on FTSE shares and am very likely to vote labour. Some people vote for a party depsite the possible effect on their own personal wealth you know.

Linton

Perhaps it would be better if people discussed their political views outside this Forum as there is another one set up for the purpose. Any attempt to predict the future is unlikely to lead to improved returns, particularly if it is based on political prejudice.

JohnRo

Invoking the power of (corbyn) nightmares in an imagined future creates a welcome diversion from the incompetence and failings of the incumbent shower.

steampowered

Brexit is far, far more damaging to the economy and the value of the pound than anything associated with Corbyn.

The stock market and the pound would be riding much higher right now if Ed Miliband had been voted in - we would have avoided the complete mess the country is currently in.

Linton

Also, unlike in the 1970s, the FTSE100 and AllShare are largely priced in a global market. Therefore anything any government does will not have a massive effect. If the government action causes the £ to fall the value of global shares will rise in £s.


The only risk is that if government efforts are so successful that the £ outperforms all other major currencies leading to market prices to fall in £ terms. I think that is a risk that I am prepared to take.

poppy10_2

Uxb1 wrote: »

As well as omitting inflation you also "conveniently forgot" to mention that the index plunged from 1973 to 1974 by 73% so the index was at rock bottom in Sept 1974.

Yes, under the Edward Heath's Conservative government the index did indeed plunge, until the left wing Labour government came in to power in 1974. Thanks for adding that.