Reeves' ISA review

boingy

Can anyone else see the folly in banks "encouraging" people to "take more risks with their savings"? Sounds like a future mis-selling scandal to me.

happybagger

boingy said:

Can anyone else see the folly in banks "encouraging" people to "take more risks with their savings"? Sounds like a future mis-selling scandal to me.

Or at least commission earning - they'll love this idea of "encouraging investment" [into their own products]

jimjames

Ocelot said:

x44 said:

Japan's Nikkei 225 index being an extreme case in point.

Reached a peak of 35000 in 1989 and took till Jan 2024 to exceed that number for the first time since 1989.

It took the FTSE 100 over 20 years to match its 1999 index value.

There's lies, damn lies and statistics. Not quite a correct statement to claim that it anyone would have made no money as the index value is just one part of the return and completely ignores the impact of dividends which is substantial as well as assuming everyone put all their money in at a single point in time.

Ocelot

jimjames said:

Ocelot said:

x44 said:

Japan's Nikkei 225 index being an extreme case in point.

Reached a peak of 35000 in 1989 and took till Jan 2024 to exceed that number for the first time since 1989.

It took the FTSE 100 over 20 years to match its 1999 index value.

There's lies, damn lies and statistics. Not quite a correct statement to claim that it anyone would have made no money as the index value is just one part of the return and completely ignores the impact of dividends which is substantial as well as assuming everyone put all their money in at a single point in time.

My point wasn't that investing necessarily loses money, but that the Nikkei 225's index value recovery time wasn't that far off the FTSE's recovery time.