Holy crap that guy did not seem to have a high dose of common sense... though I guess he would not be the first or last to take those kind of risks. Still though, if you have to mortgage your house then you had better be pretty damn sure of what you are doing otherwise it's just not worth it.Yep of course its upto you, I chose wrongly not to go with emerging markets more from 2000 onwards. I still have the brochure for JII that I declined to go ahead with because it was more fees then ftse. I did trade it a bit since but China and India can surprise with exponential growth for sure, I hope it happens.
Its a forum though, if nobody responds differently it'd not be worth posting or reading. Theres a large gap between perception and action.
By no no I just meant like if there was a big list of official rules on the wall, it'd be there. How that works out varies, not upto me if its right exactly.
I think the wall itself had a big crack down the middle and everyone should be holding at least 1% gold overall longer term. Some people think thats nonsense but its still worth mentioning as an idea/dynamic imo
Sounds like you are at the opposite end of the thread posters linked above in your age and accumulation. Building up a position regularly I do agree with (not that I presume anyone gives a dam if I approve lol)
related:
Trading the stockmarket (NO Referrals)
- Thread starter mcast123
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I used to think advisory brokers were utterly pointless, I mean why pay some chump additional commission on your trades because he passed some easy multiple guess financial exams and can tell you basic stuff like "you should put a greater portion of your investments into bonds as you get older" etc... or churn out some recommendations from their in house 'analysts' who ought to be managing actual funds if they were any good.
Yet reading that thread there are plenty of idiots out there who would actually be getting value from simply using the phone and paying that extra commission to a traditional broker rather than doing it all themselves online not because these brokers are really offering any great value in a positive sense but because they'd at least advise against doing the utterly stupid things some of the people in that thread were doing... like betting all their retirement savings on a single small company because some online echo chamber of utter muppets has them convinced it is a sure thing!
Yet reading that thread there are plenty of idiots out there who would actually be getting value from simply using the phone and paying that extra commission to a traditional broker rather than doing it all themselves online not because these brokers are really offering any great value in a positive sense but because they'd at least advise against doing the utterly stupid things some of the people in that thread were doing... like betting all their retirement savings on a single small company because some online echo chamber of utter muppets has them convinced it is a sure thing!
Reading some of those I have to wonder... are they all genuine? I would bet a good few are attention seekers.
PS: Can you please link to the thread?
it's the link/thread posted by Azza on the previous page - those comments are around page 500 or 501 or so...
they seem to be genuine, it is quite a long thread and people quite excited then making up all sorts of narratives for different price movements when what they expect to happen doesn't happen "the swing traders are going short blah blah blah..." etc.. then eventually there is the announcement that the company has filed for chapter 11 bankruptcy and lots of posters get burned
it is pretty unbelievable, some of these idiots put their entire retirement savings into this one big punt and savings of relatives etc... then they all pat each other on the back
Ahh thanks I see it now. Holy, holy **** that sounds like a anbsolute horror story, but one that instead of involving unsuspecting victims, is one where people actually do it to themselves. It's not desperation born of having nothing to lose, it's even worse, it's desperation born of people having something and wanting more whatever the cost to themselves and their families. Basically, greed over common sense.
I feel sorry for them in one way, but not in another.
Soldato
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Thanks for sharing silversurfer.
Caporegime
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I really struggle to have sympathy for people like that. At that level it's gambling, plain and simple. Life savings, retirement funds, son's savings, come on, how thick are these people?
Naivety and greed, not a good combination.
Naivety and greed, not a good combination.
Soldato
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I remember reading that thread a while back, got chills when people started posting about losing all their family's money. Mad that people can be so naive.
Soldato
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The 2008 guy, I posted at the time to him that he could write a book about it as he was retired and in a way it was an easy mistake. He was Lloyds ex employee, he had personal bias but also knowledge and faith in their stance vs sub prime etc. It was known Lloyds wanted to buy Halifax previously though, they paid too much.
[Lloyds paid a dividend of 40p per share in 2008 btw, an amazing div stock at the time. Just so there is context to the valuations]
Since 2008 Lloyds have dominated and gained from scales of economy, nobody else has close to their market share afaik. I think they are good for 100p but because of the size there is worry on regulation possibly
Crypto is open all areas so yea a kind of parallel. This guy is very cynical on it all, pied piper old story I think he sees it as https://twitter.com/TheStalwart/status/918146426449702913
I see potential but Im not sure on brand names when its all open source.
Main negative for crypto imo is its still too elitist. Just like computers in general can be, its a tool and it has to be easy to use, fool proof. Its not ok imo to leave a massive hole in the pavement even if putting a warning sign around it, thats not an ok system for public use and crypto has holes.
Just like windows changed the world when it came in, I hated windows tbh but its been a game changer just because what it does for people whose use is incidental. If any crypto can do that then yea its massive, dollar system etc is not healthy imo
I would only mention one simple thing vs risk, allocation. I always think if profits are taken theres no downside. Just personally I've seen crypto tokens go from under a penny to 50p in the last 12 months so thats tempting.
XTR not sure on but XEL went 3p to 390p and now its 0p wasnt fake or fraud just heavy oil, expensive and we free fell from above $100 a barrel so its an asset but not profitable now afaik. [Bondholders took over?]
This guy is worth reading, seen many a rise and fall - http://www.iii.co.uk/category/author/malcolm-graham-wood
There is a worth to having an IFA it adds perspective and experience of course
[Lloyds paid a dividend of 40p per share in 2008 btw, an amazing div stock at the time. Just so there is context to the valuations]
Since 2008 Lloyds have dominated and gained from scales of economy, nobody else has close to their market share afaik. I think they are good for 100p but because of the size there is worry on regulation possibly
Crypto is open all areas so yea a kind of parallel. This guy is very cynical on it all, pied piper old story I think he sees it as https://twitter.com/TheStalwart/status/918146426449702913
I see potential but Im not sure on brand names when its all open source.
Main negative for crypto imo is its still too elitist. Just like computers in general can be, its a tool and it has to be easy to use, fool proof. Its not ok imo to leave a massive hole in the pavement even if putting a warning sign around it, thats not an ok system for public use and crypto has holes.
Just like windows changed the world when it came in, I hated windows tbh but its been a game changer just because what it does for people whose use is incidental. If any crypto can do that then yea its massive, dollar system etc is not healthy imo
I would only mention one simple thing vs risk, allocation. I always think if profits are taken theres no downside. Just personally I've seen crypto tokens go from under a penny to 50p in the last 12 months so thats tempting.
XTR not sure on but XEL went 3p to 390p and now its 0p wasnt fake or fraud just heavy oil, expensive and we free fell from above $100 a barrel so its an asset but not profitable now afaik. [Bondholders took over?]
This guy is worth reading, seen many a rise and fall - http://www.iii.co.uk/category/author/malcolm-graham-wood
There is a worth to having an IFA it adds perspective and experience of course
AMD and Nvidia seem to be decent investments, up over almost 12 and 14% respectively in the last few weeks. I particularly regret not putting more into Nvidia but it was my "trial investment" and I was being uber cautious. It may still be worth increasing them though before the price rises even higher.
Soldato
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I would advise against investing on hindsight. It's very easy to do, especially at the beginning, to see AIM stocks, cyrpto or whatever do crazy %s in a day and think "if only". Similarly with existing investments, whatever you invested was right at the time and (hopefully) based on research, affordability, etc, and so you should simply be pleased that it has risen since, rather than regretting investing more. It could quite easily have dropped!
Obviously learn from mistakes/successes but if you dwell on hindsight too much then it's a slippery slope to being one of the guys in the GTAT thread, throwing all your eggs in one basket based on a false foresight.
I wouldn't be against re-investing. As they always say it's better to average up rather than average down. Just try and ignore past transactions and looks at it from today and see if it's still a good buy.
Thanks for the well-intentioned advice Russ but lets please not exaggerate... the GTAT thread with people throwing their retirement funds and life savings away is leagues away from the context here. I'm not dwelling, I mean regret in the simple objective sense that I wish I'd put more on as I already had a very good idea they would be going up soon and I was very conservative especially with Nvidia. With the utmost respect some of you guys seem to be reading far too much into innocuous posts, we aren't all basket cases waiting to happen.
This is exactly what I mean... I would only invest more if I genuinely believed it was going to continue rising in the long-term.