Funny init.
I think more and more are gradually waking up to this total farce we call “stock markets”.
I get stick for calling the whole global thing a Ponzi scheme.
Don’t care, that’s exactly what it is.
Markets are a part of the Ponzi jigsaw. They cannot be allowed to fall and everything will be done to protect the “institutions” that call the shots.
One imagines he makes more mWhere does he fit into his chart though also being an "educator"? I guess he's positioning himself as providing "smart money" education? And he has no COI?
Eb
This is why I haven't opened my wallet.Buying shares in rubbish companies just because amateurs on the internet talk themselves and each other into doing so is fraught with danger. It’s all very well, unless you get caught holding the baby at the crucial moment. Which by definition, many will.
How many people get rich on get-rich-quick schemes? Virtually none. So while some will walk away with a tidy profit from GameStock etc, plenty will get very burnt.
On a different note, clearing some old paperwork last week I depressingly found an old statement showing my shareholding in Quadrise Fuels being worth about a quarter of a million. I still have that same holding, but now it’s worth less than £10k. No point in selling now - just have to hang on and hope for some form of recovery. Anyway, you win some, you lose some. Life goes on.
So assuming you bought in or 'played' with BTC around mid July 2019 spike. Had you hung in there you would be 200% up at today's price!One imagines he makes more m
This is why I haven't opened my wallet.
That and I got caught up in the crypto hype and burned £300 about 18 months ago.
Small change to many on here I well imagine, but not when you're well below national average PAYE (as I was at the time)
That’s an expensive lesson.Buying shares in rubbish companies just because amateurs on the internet talk themselves and each other into doing so is fraught with danger. It’s all very well, unless you get caught holding the baby at the crucial moment. Which by definition, many will.
How many people get rich on get-rich-quick schemes? Virtually none. So while some will walk away with a tidy profit from GameStock etc, plenty will get very burnt.
On a different note, clearing some old paperwork last week I depressingly found an old statement showing my shareholding in Quadrise Fuels being worth about a quarter of a million. I still have that same holding, but now it’s worth less than £10k. No point in selling now - just have to hang on and hope for some form of recovery. Anyway, you win some, you lose some. Life goes on.
I’m not convinced the buy and hold strategy works anymore.Would be interesting to hear people's longs too. Less exciting for sure, but like you Ewan the lower risk and sensible stocks have their place.
For me, UK portfolio wise I'm thinking Lloyd's Bank, Rolls Royce, gsk. All seem very undervalued even with their respective Financial positions at the moment and have to be pretty secure given their size and importance in UK economy...?
Amazon is expensive but still lots of growth potential imo. Tesla I like idea of but seem overpriced even with growth potential, beyond meat i also like the idea of with growth potential.
Happened to mineFroddy what happened today was pure and simply a crime. Suspending trading on individual accounts whilst allowing institutions to fully trade was a blatent manipulation of stock prices.
Everything is now laid bare for those who couldn't see it before.
Who knows?