12% sounds huge tbh.
AI is going to completely change the social structure of our economies IMO. Who knows how it will play out, it probably wont be pretty.
Trading the stockmarket (NO Referrals)
- Thread starter mcast123
- Start date
AI is going to completely change the social structure of our economies IMO. Who knows how it will play out, it probably wont be pretty.
Soldato
- Joined
- 14 Jun 2004
- Posts
- 8,233
i mean it from 100%
12% is small, people will see this and say it wont effect much its a small number.
until you translate it to jobs and people which then become say around 42million people based on the us having 354 current population. figures rounded up.
That's one in ten of all people being made redundant due to AI, not including 'natural' redundencies etc... it is massive.
look at it from the governments perspective, that's a 12% drop in tax income, which means goverment spending will be cut forther, plus thats 12% of people not spending in the economy which has even more knock on effects, businesses sell 12% less products and services to the public, so they downsize and make more peopple redundant etc, it's potentialy a national death spiral, not just for those 12% made redundant.
Last edited:
TBH it feels like we are already in a death spiral. Things are only getting worse every year. Wages can't keep up with inflation, people already are buying less things.
Loads of redundancies going on. UK tech feels like it has failed to launch at all, we have basically no industry left. We have a few services dotted around, but these can easily be moved off-shore if corporations get too annoyed by the government.
Thing is though it can only decline so far before it turns in to civil action/war. Then starts to escilate up that chart.
Last edited:
I used Barclays, 6 pounds transaction fee for selling them but they were willing to accept from a share scheme.
Took over two weeks to transfer the cash from Barclays over to my SS ISA with vanguard, but they did add some of the interest for the cash to the transfer amount.
Soldato
- Joined
- 14 Jun 2004
- Posts
- 8,233
that both makes me laugh and sad :/
i am a bad person
Hasn't really helped Putin. Numbers are one thing, but so is moral and their willingness to fight and not just bugger off the second they are deployed.
Russian solders were seen selling or abandonning their vehicles and weapons, then doing a runner early on.
Last edited:
I stuck a tenner on a stock two months ago and it immediately lost about 50%, and has since hovered around the same price. Was too annoyed to cash out and lose a fiver, so this week I threw in £100 and cashed out as soon as it went above my average. Made £2.50 profit. Am I doing it right?
The government is looking at changing the rules on S&S ISAs.
The main headline points;
- no cash like investments in a stocks and shares isa
- charges on interest from cash held within a stocks and shares isa
they may stop people from transfering from a stocks and shares isa to a cash isa....
This is to stop people just treating a S&S ISA like if it was a cash ISA and getting around the 12k limit.
The main headline points;
- no cash like investments in a stocks and shares isa
- charges on interest from cash held within a stocks and shares isa
they may stop people from transfering from a stocks and shares isa to a cash isa....
This is to stop people just treating a S&S ISA like if it was a cash ISA and getting around the 12k limit.
The government is looking at changing the rules on S&S ISAs.
The main headline points;
- no cash like investments in a stocks and shares isa
- charges on interest from cash held within a stocks and shares isa
they may stop people from transfering from a stocks and shares isa to a cash isa....
This is to stop people just treating a S&S ISA like if it was a cash ISA and getting around the 12k limit.
It's kind of a moot point though... It doesn't make much sense to hold vast amounts of savings in cash for the long term, tax free or not.
I think a big problem in the UK is financial illiteracy, and I can count myself in on that.. I've only started investing in 'safe' diverse ETFs in the last year.
If I knew what I know now, 20 years ago I'd be absolutely swimming in money.
Last edited:
But at the same time, the guaranteed returns weren't the same back then, passive didn't really exist, it was all active management. SPX took 12 years to break the 2000 all time high. And it's not necessarily a good thing our economies have become increasingly financialised. Preferring returns in the stock market rather than actual investments in the regional economy.
Last edited:
A good point, things have changed, the paradigm has shifted... easy access to buying fractional shares via ETF's with a few clicks on your mobile phone... that just wasn't a thing, ten or twenty years ago, or if it was, I was very ignorant to it.
To me, investing was for rich people who could afford to pay a broker or advisor to manage it on thier behalf for a % fee so It never really registered in my mind until a few years ago.
Last edited:
Soldato
- Joined
- 24 Sep 2007
- Posts
- 6,279
What stock?
Soldato
- Joined
- 24 Sep 2007
- Posts
- 6,279
The Motley Fool Money podcast had a good interview with the Rocket Lab CEO recently. His philosophy is to build beautiful things, as in space, things must work!
You've been buying in a bull market, when the prices of all assets have been increasing. Financially illiterate would be to assume that investing always provides these returns.
I think the company was called Metavisio. I only put that in because I had just opened the T212 account and used £10 to test the waters, as it were. So I just picked a low value stock at random. I would not recommend investing, looks to be going nowhere.
Last edited:
Soldato
- Joined
- 14 Jun 2004
- Posts
- 8,233
it depends what your investing in and when you get in.
time in market usually returns a profit
Soldato
- Joined
- 24 Sep 2007
- Posts
- 6,279
If you are just starting out, then it is best to pick an estabished relatively low risk company, so you don't get put off by losing all your money
Picking one with a safe dividend might also be a good idea.Also, how did you work out it was "low value"?
Soldato
- Joined
- 13 Jul 2004
- Posts
- 20,356
- Location
- Stanley Hotel, Colorado
If it was growth, they'd get sued for the name presumably 
Is this basically the AI complaint ongoing, this guy is like a shock jock etc. but apparently he gets views. Its slightly hypocritical he says about people not deserving their jobs lol
Morgan Stanley CIO says 20% gold and less bonds
Is this basically the AI complaint ongoing, this guy is like a shock jock etc. but apparently he gets views. Its slightly hypocritical he says about people not deserving their jobs lol
Summary is ironic:
Morgan Stanley CIO says 20% gold and less bonds