Started first thing up almost 1% and since then it has turned tail & continued is freefall. Down 50 points (0.7%).
Your Structured Product could be in danger of not kicking out @Rob7Lee.... !
It's been a harsh week. If you're hoping on timing the market for products that are designed for long term investments, you are probably quaking it in reality!
and as luck would have it my ISA transfer has hit today, might give it a day or two before reinvesting and 9 days for my structured product to mature as long as the FTSE stays above 6244.
Just need my SIPP transfer to complete now, currently all in cash... and my Go Ahead shares have shot up, it's been a good week so far!
Well if we are bragging in the midst of this carnage, then I'll mention my 6 year Czech government retail bond which is less than half way through its term. The deal is it pays consumer inflation rate plus 0.5%. Currently Czech inflation is up to 17%. Almost certainly it will be my best performing investment this year, and of course compound interest locks in the gains.
Too bad that I only put in a modest amount, more or less as a patriotic gesture. Should be enough to keep me in fine Czech beer for the rest of my life though. It's still only £2 a half-litre Just did the maths, to keep my spirits up. Of course the other way to keep spirits up is to read some Crypto-threads. Sorry lads, but this was coming.
aren't a lot of tech stocks performing worse than bitcoin this year?
edit; yup, BTC is down 52% ytd whilst Netflix is down 72% ytd, PayPal down 62% ytd…
1st feb 2019 Netflix was $332, it's now $169, Paypal was $89, it's now $73. Bitcoin was $3.5k, it's now $22.5k.
Now tell me, what's the better performing asset?
Well you’ve picked on a couple of individual stocks there. And in the case of Netflix, investors are realising it isn’t really a “tech” stock” any more than ITV is. A better messure of an asset sector performance would be the funds which specialise in them. I've got holdings in two, the Allianz and Polar Capital one, and they are down 39% and 31%, which is bad, and hurts, but fortunately I've greatly reduced my holdings in the last year or so because I felt there was going to be, and needed to be, a tech clearout. I'll hold the rest because (and sorry to sound like a broken record) I know what Google does and how it makes money, even if it tries to call itself Alphabet, I can tell you the name of its CEO, and I personally know senior people locally. lunch with one on Saturday in fact. None of which you can say about any crypto token you care to name, right?
I am sure you are smarter than most people in the CL cryptobro gang, and will limit your losses. But take a look at things like whats going on at Coinbase, or the daily exposure of how football has disgracefully tried to fleece fans with duff crypto schemes. I'm not sure you are old enough to remember/know much about 2001, but I watched a whole load of epic car crashes there, and in the aftermath people wised up a bit. The same thing will happen now. After the fallout. we may actually see some crypto/blockchain opportunities run by human beings who actually can explain how they will make money for themselves and those whom they want to invest in them.
and as luck would have it my ISA transfer has hit today, might give it a day or two before reinvesting and 9 days for my structured product to mature as long as the FTSE stays above 6244.
Just need my SIPP transfer to complete now, currently all in cash... and my Go Ahead shares have shot up, it's been a good week so far!
Well if we are bragging in the midst of this carnage, then I'll mention my 6 year Czech government retail bond which is less than half way through its term. The deal is it pays consumer inflation rate plus 0.5%. Currently Czech inflation is up to 17%. Almost certainly it will be my best performing investment this year, and of course compound interest locks in the gains.
Too bad that I only put in a modest amount, more or less as a patriotic gesture. Should be enough to keep me in fine Czech beer for the rest of my life though. It's still only £2 a half-litre Just did the maths, to keep my spirits up. Of course the other way to keep spirits up is to read some Crypto-threads. Sorry lads, but this was coming.
aren't a lot of tech stocks performing worse than bitcoin this year?
edit; yup, BTC is down 52% ytd whilst Netflix is down 72% ytd, PayPal down 62% ytd…
1st feb 2019 Netflix was $332, it's now $169, Paypal was $89, it's now $73. Bitcoin was $3.5k, it's now $22.5k.
Now tell me, what's the better performing asset?
Well you’ve picked on a couple of individual stocks there. And in the case of Netflix, investors are realising it isn’t really a “tech” stock” any more than ITV is. A better messure of an asset sector performance would be the funds which specialise in them. I've got holdings in two, the Allianz and Polar Capital one, and they are down 39% and 31%, which is bad, and hurts, but fortunately I've greatly reduced my holdings in the last year or so because I felt there was going to be, and needed to be, a tech clearout. I'll hold the rest because (and sorry to sound like a broken record) I know what Google does and how it makes money, even if it tries to call itself Alphabet, I can tell you the name of its CEO, and I personally know senior people locally. lunch with one on Saturday in fact. None of which you can say about any crypto token you care to name, right?
I am sure you are smarter than most people in the CL cryptobro gang, and will limit your losses. But take a look at things like whats going on at Coinbase, or the daily exposure of how football has disgracefully tried to fleece fans with duff crypto schemes. I'm not sure you are old enough to remember/know much about 2001, but I watched a whole load of epic car crashes there, and in the aftermath people wised up a bit. The same thing will happen now. After the fallout. we may actually see some crypto/blockchain opportunities run by human beings who actually can explain how they will make money for themselves and those whom they want to invest in them.
ok lets take a look at Allianz and Polar Capital
1st feb 2019 allianz technology trust was 145.6, it's now at... 210
1st february 2019 Polar Capital technology trust was around 1248, it's now 1852
1st feb 2019 bitcoin was $3.5k, when i posted the above it was $22.5k
I ask again, what's the better performing asset over this time?
As for ceos/notable persons, sure i can, Vitalik Buterin, CEO and founder of the ethereum foundation and creator of ethereum (2nd largest token in terms of market cap). Sam Bankman-Fried, CEO of FTX a major crypto exchange who have sponsored sports teams at the highest level. Stani Kulechov, CEO and founder of AAVE, Sergey Navarov ceo of Chainlink. Just about the only non doxxed founder of major token is Satoshi Nakamoto of bitcoin, who's probably dead as his bitcoin has been untouched and has been silent since the turn of the last decade. Doesn't matter though, as the point is it's decentralised and open sourced, so anyone can contribute to the maintenance of the code and improvements.
and as luck would have it my ISA transfer has hit today, might give it a day or two before reinvesting and 9 days for my structured product to mature as long as the FTSE stays above 6244.
Just need my SIPP transfer to complete now, currently all in cash... and my Go Ahead shares have shot up, it's been a good week so far!
Well if we are bragging in the midst of this carnage, then I'll mention my 6 year Czech government retail bond which is less than half way through its term. The deal is it pays consumer inflation rate plus 0.5%. Currently Czech inflation is up to 17%. Almost certainly it will be my best performing investment this year, and of course compound interest locks in the gains.
Too bad that I only put in a modest amount, more or less as a patriotic gesture. Should be enough to keep me in fine Czech beer for the rest of my life though. It's still only £2 a half-litre Just did the maths, to keep my spirits up. Of course the other way to keep spirits up is to read some Crypto-threads. Sorry lads, but this was coming.
aren't a lot of tech stocks performing worse than bitcoin this year?
edit; yup, BTC is down 52% ytd whilst Netflix is down 72% ytd, PayPal down 62% ytd…
1st feb 2019 Netflix was $332, it's now $169, Paypal was $89, it's now $73. Bitcoin was $3.5k, it's now $22.5k.
Now tell me, what's the better performing asset?
Well you’ve picked on a couple of individual stocks there. And in the case of Netflix, investors are realising it isn’t really a “tech” stock” any more than ITV is. A better messure of an asset sector performance would be the funds which specialise in them. I've got holdings in two, the Allianz and Polar Capital one, and they are down 39% and 31%, which is bad, and hurts, but fortunately I've greatly reduced my holdings in the last year or so because I felt there was going to be, and needed to be, a tech clearout. I'll hold the rest because (and sorry to sound like a broken record) I know what Google does and how it makes money, even if it tries to call itself Alphabet, I can tell you the name of its CEO, and I personally know senior people locally. lunch with one on Saturday in fact. None of which you can say about any crypto token you care to name, right?
I am sure you are smarter than most people in the CL cryptobro gang, and will limit your losses. But take a look at things like whats going on at Coinbase, or the daily exposure of how football has disgracefully tried to fleece fans with duff crypto schemes. I'm not sure you are old enough to remember/know much about 2001, but I watched a whole load of epic car crashes there, and in the aftermath people wised up a bit. The same thing will happen now. After the fallout. we may actually see some crypto/blockchain opportunities run by human beings who actually can explain how they will make money for themselves and those whom they want to invest in them.
ok lets take a look at Allianz and Polar Capital
1st feb 2019 allianz technology trust was 145.6, it's now at... 210
1st february 2019 Polar Capital technology trust was around 1248, it's now 1852
1st feb 2019 bitcoin was $3.5k, when i posted the above it was $22.5k
I ask again, what's the better performing asset over this time?
As for ceos/notable persons, sure i can, Vitalik Buterin, CEO and founder of the ethereum foundation and creator of ethereum (2nd largest token in terms of market cap). Sam Bankman-Fried, CEO of FTX a major crypto exchange who have sponsored sports teams at the highest level. Stani Kulechov, CEO and founder of AAVE, Sergey Navarov ceo of Chainlink. Just about the only non doxxed founder of major token is Satoshi Nakamoto of bitcoin, who's probably dead as his bitcoin has been untouched and has been silent since the turn of the last decade. Doesn't matter though, as the point is it's decentralised and open sourced, so anyone can contribute to the maintenance of the code and improvements.
You can be selective with dates to prove/disprove a point. What about this year? Polar down around 1/3rd Bitcoin around half, or jump back to the November high BTC down 2/3rds, Polar still around 1/3rd. What about some of the other coins, I believe the losses there are much much greater.
Theres no doubt if you bought $1,000 Bitcoin at launch in 2015 when it was circa 325c even at todays value which has halved this year you are still at $66m!! But that is few and far between if anyone. Even at any point from 2015 to 2020 you'll be either evens or in very decent profit.
Crypto doesn't scare me as much as some, but for me it's value is much more in the sentiment that me truly being able to value like you can (to a degree) other classes, i'm sure even you'd admit it's still highly volatile and highly risky. Nothing wrong with investing in it, but just like any of my own investments, when I have it's been a very small % of the overall portfolio and I've tended to cut and run when a decent profit has been made, just like I tend to on individual shares.
The likes of myself and @PragueAddick are also that much older and tend to de-risk when you get to your 50's plus as you have less time to make up any losses/mistakes fro usual salary/income. I'm sure were I 30 I'd be a lot more into crypto.
and as luck would have it my ISA transfer has hit today, might give it a day or two before reinvesting and 9 days for my structured product to mature as long as the FTSE stays above 6244.
Just need my SIPP transfer to complete now, currently all in cash... and my Go Ahead shares have shot up, it's been a good week so far!
Well if we are bragging in the midst of this carnage, then I'll mention my 6 year Czech government retail bond which is less than half way through its term. The deal is it pays consumer inflation rate plus 0.5%. Currently Czech inflation is up to 17%. Almost certainly it will be my best performing investment this year, and of course compound interest locks in the gains.
Too bad that I only put in a modest amount, more or less as a patriotic gesture. Should be enough to keep me in fine Czech beer for the rest of my life though. It's still only £2 a half-litre Just did the maths, to keep my spirits up. Of course the other way to keep spirits up is to read some Crypto-threads. Sorry lads, but this was coming.
aren't a lot of tech stocks performing worse than bitcoin this year?
edit; yup, BTC is down 52% ytd whilst Netflix is down 72% ytd, PayPal down 62% ytd…
1st feb 2019 Netflix was $332, it's now $169, Paypal was $89, it's now $73. Bitcoin was $3.5k, it's now $22.5k.
Now tell me, what's the better performing asset?
Well you’ve picked on a couple of individual stocks there. And in the case of Netflix, investors are realising it isn’t really a “tech” stock” any more than ITV is. A better messure of an asset sector performance would be the funds which specialise in them. I've got holdings in two, the Allianz and Polar Capital one, and they are down 39% and 31%, which is bad, and hurts, but fortunately I've greatly reduced my holdings in the last year or so because I felt there was going to be, and needed to be, a tech clearout. I'll hold the rest because (and sorry to sound like a broken record) I know what Google does and how it makes money, even if it tries to call itself Alphabet, I can tell you the name of its CEO, and I personally know senior people locally. lunch with one on Saturday in fact. None of which you can say about any crypto token you care to name, right?
I am sure you are smarter than most people in the CL cryptobro gang, and will limit your losses. But take a look at things like whats going on at Coinbase, or the daily exposure of how football has disgracefully tried to fleece fans with duff crypto schemes. I'm not sure you are old enough to remember/know much about 2001, but I watched a whole load of epic car crashes there, and in the aftermath people wised up a bit. The same thing will happen now. After the fallout. we may actually see some crypto/blockchain opportunities run by human beings who actually can explain how they will make money for themselves and those whom they want to invest in them.
ok lets take a look at Allianz and Polar Capital
1st feb 2019 allianz technology trust was 145.6, it's now at... 210
1st february 2019 Polar Capital technology trust was around 1248, it's now 1852
1st feb 2019 bitcoin was $3.5k, when i posted the above it was $22.5k
I ask again, what's the better performing asset over this time?
As for ceos/notable persons, sure i can, Vitalik Buterin, CEO and founder of the ethereum foundation and creator of ethereum (2nd largest token in terms of market cap). Sam Bankman-Fried, CEO of FTX a major crypto exchange who have sponsored sports teams at the highest level. Stani Kulechov, CEO and founder of AAVE, Sergey Navarov ceo of Chainlink. Just about the only non doxxed founder of major token is Satoshi Nakamoto of bitcoin, who's probably dead as his bitcoin has been untouched and has been silent since the turn of the last decade. Doesn't matter though, as the point is it's decentralised and open sourced, so anyone can contribute to the maintenance of the code and improvements.
You can be selective with dates to prove/disprove a point. What about this year? Polar down around 1/3rd Bitcoin around half, or jump back to the November high BTC down 2/3rds, Polar still around 1/3rd. What about some of the other coins, I believe the losses there are much much greater.
Theres no doubt if you bought $1,000 Bitcoin at launch in 2015 when it was circa 325c even at todays value which has halved this year you are still at $66m!! But that is few and far between if anyone. Even at any point from 2015 to 2020 you'll be either evens or in very decent profit.
Crypto doesn't scare me as much as some, but for me it's value is much more in the sentiment that me truly being able to value like you can (to a degree) other classes, i'm sure even you'd admit it's still highly volatile and highly risky. Nothing wrong with investing in it, but just like any of my own investments, when I have it's been a very small % of the overall portfolio and I've tended to cut and run when a decent profit has been made, just like I tend to on individual shares.
The likes of myself and @PragueAddick are also that much older and tend to de-risk when you get to your 50's plus as you have less time to make up any losses/mistakes fro usual salary/income. I'm sure were I 30 I'd be a lot more into crypto.
Sure, as you say it's volatile, but it's consistently been outperforming any other popular stock or fund in any decent time period. I think we need to get over the idea that bitcoin is a pump and dump get rich scheme and more of an exceptionally performing long term asset. Even more so if you manage to buy when everyone is selling (like now).
and as luck would have it my ISA transfer has hit today, might give it a day or two before reinvesting and 9 days for my structured product to mature as long as the FTSE stays above 6244.
Just need my SIPP transfer to complete now, currently all in cash... and my Go Ahead shares have shot up, it's been a good week so far!
Well if we are bragging in the midst of this carnage, then I'll mention my 6 year Czech government retail bond which is less than half way through its term. The deal is it pays consumer inflation rate plus 0.5%. Currently Czech inflation is up to 17%. Almost certainly it will be my best performing investment this year, and of course compound interest locks in the gains.
Too bad that I only put in a modest amount, more or less as a patriotic gesture. Should be enough to keep me in fine Czech beer for the rest of my life though. It's still only £2 a half-litre Just did the maths, to keep my spirits up. Of course the other way to keep spirits up is to read some Crypto-threads. Sorry lads, but this was coming.
aren't a lot of tech stocks performing worse than bitcoin this year?
edit; yup, BTC is down 52% ytd whilst Netflix is down 72% ytd, PayPal down 62% ytd…
1st feb 2019 Netflix was $332, it's now $169, Paypal was $89, it's now $73. Bitcoin was $3.5k, it's now $22.5k.
Now tell me, what's the better performing asset?
Well you’ve picked on a couple of individual stocks there. And in the case of Netflix, investors are realising it isn’t really a “tech” stock” any more than ITV is. A better messure of an asset sector performance would be the funds which specialise in them. I've got holdings in two, the Allianz and Polar Capital one, and they are down 39% and 31%, which is bad, and hurts, but fortunately I've greatly reduced my holdings in the last year or so because I felt there was going to be, and needed to be, a tech clearout. I'll hold the rest because (and sorry to sound like a broken record) I know what Google does and how it makes money, even if it tries to call itself Alphabet, I can tell you the name of its CEO, and I personally know senior people locally. lunch with one on Saturday in fact. None of which you can say about any crypto token you care to name, right?
I am sure you are smarter than most people in the CL cryptobro gang, and will limit your losses. But take a look at things like whats going on at Coinbase, or the daily exposure of how football has disgracefully tried to fleece fans with duff crypto schemes. I'm not sure you are old enough to remember/know much about 2001, but I watched a whole load of epic car crashes there, and in the aftermath people wised up a bit. The same thing will happen now. After the fallout. we may actually see some crypto/blockchain opportunities run by human beings who actually can explain how they will make money for themselves and those whom they want to invest in them.
ok lets take a look at Allianz and Polar Capital
1st feb 2019 allianz technology trust was 145.6, it's now at... 210
1st february 2019 Polar Capital technology trust was around 1248, it's now 1852
1st feb 2019 bitcoin was $3.5k, when i posted the above it was $22.5k
I ask again, what's the better performing asset over this time?
As for ceos/notable persons, sure i can, Vitalik Buterin, CEO and founder of the ethereum foundation and creator of ethereum (2nd largest token in terms of market cap). Sam Bankman-Fried, CEO of FTX a major crypto exchange who have sponsored sports teams at the highest level. Stani Kulechov, CEO and founder of AAVE, Sergey Navarov ceo of Chainlink. Just about the only non doxxed founder of major token is Satoshi Nakamoto of bitcoin, who's probably dead as his bitcoin has been untouched and has been silent since the turn of the last decade. Doesn't matter though, as the point is it's decentralised and open sourced, so anyone can contribute to the maintenance of the code and improvements.
You can be selective with dates to prove/disprove a point. What about this year? Polar down around 1/3rd Bitcoin around half, or jump back to the November high BTC down 2/3rds, Polar still around 1/3rd. What about some of the other coins, I believe the losses there are much much greater.
Theres no doubt if you bought $1,000 Bitcoin at launch in 2015 when it was circa 325c even at todays value which has halved this year you are still at $66m!! But that is few and far between if anyone. Even at any point from 2015 to 2020 you'll be either evens or in very decent profit.
Crypto doesn't scare me as much as some, but for me it's value is much more in the sentiment that me truly being able to value like you can (to a degree) other classes, i'm sure even you'd admit it's still highly volatile and highly risky. Nothing wrong with investing in it, but just like any of my own investments, when I have it's been a very small % of the overall portfolio and I've tended to cut and run when a decent profit has been made, just like I tend to on individual shares.
The likes of myself and @PragueAddick are also that much older and tend to de-risk when you get to your 50's plus as you have less time to make up any losses/mistakes fro usual salary/income. I'm sure were I 30 I'd be a lot more into crypto.
Sure, as you say it's volatile, but it's consistently been outperforming any other popular stock or fund in any decent time period. I think we need to get over the idea that bitcoin is a pump and dump get rich scheme and more of an exceptionally performing long term asset. Even more so if you manage to buy when everyone is selling (like now).
Not sure that really is the case.
It had a huge growth between 2017 and early 2021. Since then it rose dramatically in a short time frame and in an equally short time frame has shed nearly 70% of it's value, 25% in the last week. I think it's still far too early days to talk about it consistently outperforming. I'm interested to see how it performs in the current financial outlook over the next 6-12 months, part of my problem with the coins is I have no idea if it'll go up 75% or down another 75%!
The stock markets down again today, not helped I suspect by the interest rate rise and inflation outlook.
I can see a pretty decent housing market correction coming over the next two years, going to be a lot of people who've extended mortgages at low fixed rates to find when they end it's tripled.
Well I'm off on hols, and will be away when time is called on the latest index comp. Up to now, I think it's right that its always been won by people at the middle/ cautious end of the forecasts, but this time, finally, it is the moment for one of the Bears. My money is on @oohaahmortimer...
But before I go, just one more word on the crypto discussion above with @kentaddick.
When I mentioned the names of CEO's...well you mentioned a couple of names of businesses related to crypto. Including the crypto-exchange which is being favourably compared with Coinbase because it has a much lower headcount. So that's a proper CEO. He is responsible for delivering value (i.e money) to his shareholders. if he doesn't perform the shareholders will want him out. I can get my head around those businesses, although I would not invest in them. A comparable person, with the same duties/responsibilities does not exist in respect of the vast majority of tokens, what, 8,000 of them. Are they shares in something, are they a currency, or the new super -vague favourite "a store of value"? I don't think the answer is any clearer than when you tried to answer that question 3 years ago. I greatly appreciate that you tried, and still do so. But I fear you are pushing water uphill.
Well I'm off on hols, and will be away when time is called on the latest index comp. Up to now, I think it's right that its always been won by people at the middle/ cautious end of the forecasts, but this time, finally, it is the moment for one of the Bears. My money is on @oohaahmortimer...
I know the comp is only a bit of fun but 6 months is a long time when trying to predict where a certain Index might be at a given moment in time.
Since the question was asked & the deadline of Jan 31st passed there has been a conflict in Europe, oil prices hitting record highs, the energy cap increasing by over 50% and inflation & interest rates increasing faster than anyone thought.
A week might be a long time in politics.....but 6 months is a hell of a long time in investing terms.
PS. Since I predicted 77something I think I'm.going to hang up my adviser boots & turn my clients over to Mystic Meg.
Well I'm off on hols, and will be away when time is called on the latest index comp. Up to now, I think it's right that its always been won by people at the middle/ cautious end of the forecasts, but this time, finally, it is the moment for one of the Bears. My money is on @oohaahmortimer...
Comments
Just need ii to pull their finger out and transfer my SIPP cash so I can again ride the waves
I am sure you are smarter than most people in the CL cryptobro gang, and will limit your losses. But take a look at things like whats going on at Coinbase, or the daily exposure of how football has disgracefully tried to fleece fans with duff crypto schemes. I'm not sure you are old enough to remember/know much about 2001, but I watched a whole load of epic car crashes there, and in the aftermath people wised up a bit. The same thing will happen now. After the fallout. we may actually see some crypto/blockchain opportunities run by human beings who actually can explain how they will make money for themselves and those whom they want to invest in them.
1st feb 2019 allianz technology trust was 145.6, it's now at... 210
1st february 2019 Polar Capital technology trust was around 1248, it's now 1852
1st feb 2019 bitcoin was $3.5k, when i posted the above it was $22.5k
I ask again, what's the better performing asset over this time?
As for ceos/notable persons, sure i can, Vitalik Buterin, CEO and founder of the ethereum foundation and creator of ethereum (2nd largest token in terms of market cap). Sam Bankman-Fried, CEO of FTX a major crypto exchange who have sponsored sports teams at the highest level. Stani Kulechov, CEO and founder of AAVE, Sergey Navarov ceo of Chainlink. Just about the only non doxxed founder of major token is Satoshi Nakamoto of bitcoin, who's probably dead as his bitcoin has been untouched and has been silent since the turn of the last decade. Doesn't matter though, as the point is it's decentralised and open sourced, so anyone can contribute to the maintenance of the code and improvements.
Theres no doubt if you bought $1,000 Bitcoin at launch in 2015 when it was circa 325c even at todays value which has halved this year you are still at $66m!! But that is few and far between if anyone. Even at any point from 2015 to 2020 you'll be either evens or in very decent profit.
Crypto doesn't scare me as much as some, but for me it's value is much more in the sentiment that me truly being able to value like you can (to a degree) other classes, i'm sure even you'd admit it's still highly volatile and highly risky. Nothing wrong with investing in it, but just like any of my own investments, when I have it's been a very small % of the overall portfolio and I've tended to cut and run when a decent profit has been made, just like I tend to on individual shares.
The likes of myself and @PragueAddick are also that much older and tend to de-risk when you get to your 50's plus as you have less time to make up any losses/mistakes fro usual salary/income. I'm sure were I 30 I'd be a lot more into crypto.
Down 3% across the board.
It had a huge growth between 2017 and early 2021. Since then it rose dramatically in a short time frame and in an equally short time frame has shed nearly 70% of it's value, 25% in the last week. I think it's still far too early days to talk about it consistently outperforming. I'm interested to see how it performs in the current financial outlook over the next 6-12 months, part of my problem with the coins is I have no idea if it'll go up 75% or down another 75%!
The stock markets down again today, not helped I suspect by the interest rate rise and inflation outlook.
I can see a pretty decent housing market correction coming over the next two years, going to be a lot of people who've extended mortgages at low fixed rates to find when they end it's tripled.
Well I'm off on hols, and will be away when time is called on the latest index comp. Up to now, I think it's right that its always been won by people at the middle/ cautious end of the forecasts, but this time, finally, it is the moment for one of the Bears. My money is on @oohaahmortimer...
When I mentioned the names of CEO's...well you mentioned a couple of names of businesses related to crypto. Including the crypto-exchange which is being favourably compared with Coinbase because it has a much lower headcount. So that's a proper CEO. He is responsible for delivering value (i.e money) to his shareholders. if he doesn't perform the shareholders will want him out. I can get my head around those businesses, although I would not invest in them. A comparable person, with the same duties/responsibilities does not exist in respect of the vast majority of tokens, what, 8,000 of them. Are they shares in something, are they a currency, or the new super -vague favourite "a store of value"? I don't think the answer is any clearer than when you tried to answer that question 3 years ago. I greatly appreciate that you tried, and still do so. But I fear you are pushing water uphill.
Since the question was asked & the deadline of Jan 31st passed there has been a conflict in Europe, oil prices hitting record highs, the energy cap increasing by over 50% and inflation & interest rates increasing faster than anyone thought.
A week might be a long time in politics.....but 6 months is a hell of a long time in investing terms.
PS. Since I predicted 77something I think I'm.going to hang up my adviser boots & turn my clients over to Mystic Meg.
12 days to go;
only joking, Golfie, of course. His fund selections are excellent. I am currently tracking some…
It's a fiddle, orchestrated by our resident experts just to stop a mug punter like me winning!
Hoof_it_up_to_benty looks to be coming up the rail.