Does anyone remember when the UK had an economy worth investing in?

CreditCardChris

grumiofoundation said:

CreditCardChris said:

Linton said:

The UK has a world class economy with industry, manufacturing and development at least comparable with other similar sized developed countries.  The problem is much of the best of it is foreign owned and so not represented in the FTSE100.    However the FTSE250 and below provide plenty of opportunities for an investor.

but why would I invest in a FTSE 250 company that may very well go up 100% or 200% in a decade or so when I can just invest in US companies that go up 500% a few years? It's like shopping in Tesco and getting 4 apples for £1 when you can shop in Lidl and get 10 apples for £1, same brand, same quality, same taste, but way more return for your money. 

CreditCardChris said:

eskbanker said:

Yay, just what this board needed, yet another tedious rehash of all the previous threads about this poster's tiresome obsession with their perception of the UK's economy/market relative to other countries....

As a Brit I was my country to succeed on the economic stage. I want us to start creating "microsofts, amazons, apples, teslas, amds, nvidas, visas, mastercards, paypals (the list is endless) size companies.

CreditCardChris said:

grumiofoundation said:

What answers/comments are you looking for that you haven't already been given?

https://forums.moneysavingexpert.com/discussion/6115092/whats-going-to-happen-to-the-ftse100-when-bp-and-shell-go-bankrupt/p1

https://forums.moneysavingexpert.com/discussion/6127529/why-do-people-discourage-investing-only-in-the-us-markets/p1

https://forums.moneysavingexpert.com/discussion/6153922/is-my-portfolio-too-risky/p1

https://forums.moneysavingexpert.com/discussion/6167099/comparing-the-biggest-us-companies-to-the-biggest-uk-companies/p1

I want the stubborn boomers of this forum to admit the UK economy is a shambles.

Again have all been covered before. 

You 'know' that apple etc will go up 500% - therefore just buy shares in them. 

Your 'edge' - i. e. your superior knowledge of the world - means you will make huge amounts of money investing and retire early - so why do you care that 'boomers' don't agree with you?

You will then be able to buy a house which of course as all of us millennials know is impossible* for us poor millennials and therefore the most productive use of our time is to complain about 'boomers'. 

*(I was born in 1992 and its not but thats another discussion and a subject on which I'm sure many other threads will be started by you).

https://forums.moneysavingexpert.com/discussion/6107006/welcome-to-the-uk/p1
https://forums.moneysavingexpert.com/discussion/6113777/help-me-understand-why-house-prices-and-rent-wont-rise-faster-than-wages-forever#latest
https://forums.moneysavingexpert.com/discussion/6076136/interest-rates-at-historical-lows-housing-prices-through-the-roof-wages-stagnant-and-brexit#latest

My global index portfolio is up 25% which isn't incredible but it's a damn sight better than the 10% the UK index fund has made in the same time frame. You seem to think I'm making these posts because I'm not making profit? I am making profit, but that doesn't stop me from being completely embarrassed by the UK economy every time I check the UK markets.

And there's no way in hell I'm buying a house in this country if I ever make enough to do so, £350,000 for a 2 bedroom terraced house? No chance.  

DiggerUK

Chris, not to put too fine an angle on this, even if it upsets you, but has it not crossed your mind that the world is just one big mass. Nobody cares who makes the laptops, we just want them cheap and reliable.
Likewise, nobody gives a rats about were their tea comes from. Some like tea from Sri Lanka and you like your tea from Yorkshire..._

CreditCardChris

DiggerUK said:

Chris, not to put too fine an angle on this, even if it upsets you, but has it not crossed your mind that the world is just one big mass. Nobody cares who makes the laptops, we just want them cheap and reliable.
Likewise, nobody gives a rats about were their tea comes from. Some like tea from Sri Lanka and you like your tea from Yorkshire..._

Maybe a lot of people don't care and truth be told day to day I don't put much thought into where the things I use come from or where the websites I browse are created. But sometimes I reflect on what the UK used to be and I can't help but be a bit depressed. It's like the US went on a roller coaster ride of innovation and we decided not to board, I just don't get it.

DiggerUK

CreditCardChris said:

DiggerUK said:

Chris, not to put too fine an angle on this, even if it upsets you, but has it not crossed your mind that the world is just one big mass. Nobody cares who makes the laptops, we just want them cheap and reliable.
Likewise, nobody gives a rats about were their tea comes from. Some like tea from Sri Lanka and you like your tea from Yorkshire..._

..........But sometimes I reflect on what the UK used to be and I can't help but be a bit depressed.........

You mean the UK of haves and have nots, privileged and unprivileged, wealthy and poor, those that dump on and those that get dumped on, those whose face fits and those whose    face doesn't fit, the advantaged and the unadvantaged.

You're right, it isn't like that anymore, it's worse..._

talexuser

Actually my worse fund now is City of London which I'm considering dumping. The dividends are keeping up from reserves (which is a commendable achievement in the present circumstances) but the total return is looking dire through the pandemic, and I can't see any great recovery on the horizon.

Voyager2002

No, no-one can remember back then.

It was in 1870 that German steel and coal output overtook the UK, and it has been downhill ever since. British capital did make tentative moves into the new industries of the twentieth century (chemicals, electrical engineering) but we never built up andy world-class companies because of the empire: these companies had protected markets and so never bothered to become really good at anything, and as soon as the former empire opened up to US and Japanese companies the British never had a chance.

There: are you happy?

grumiofoundation

CreditCardChris said:

DiggerUK said:

Chris, not to put too fine an angle on this, even if it upsets you, but has it not crossed your mind that the world is just one big mass. Nobody cares who makes the laptops, we just want them cheap and reliable.
Likewise, nobody gives a rats about were their tea comes from. Some like tea from Sri Lanka and you like your tea from Yorkshire..._

Maybe a lot of people don't care and truth be told day to day I don't put much thought into where the things I use come from or where the websites I browse are created. But sometimes I reflect on what the UK used to be and I can't help but be a bit depressed. It's like the US went on a roller coaster ride of innovation and we decided not to board, I just don't get it.

Which 'good old days' (vast majority of which you weren't alive for) do you miss?

Back when only rich men went to University? Maybe when racial discrimination was legal? Maybe when women had no rights in marriage? Or do you miss the empire, the east india company, cotton plantations and the like? 

Correct me if I'm wrong but other than general whining (as with most of your threads) your aim to to convince 'boomers' to admit the UK is a shambles and a dead duck of an investment. 

Even if all the 'boomers' did admit this - what have you gained?

garmeg

Before May 1997 I think.

Username999

IanManc said:

Those were the days, eh?  🙄

Sorry but it's/she's my all time favorite...

https://www.youtube.com/watch?v=y3KEhWTnWvE

TBC15

Marvelous music to clean your service revolver and read the Bible to.