RE: SXX9 Jun 2020 11:09
Chengdo4 if he needs the money tomorrow he's screwed, if he doesn't need it for 5 years different story. Could he have traded? Yes, was it guaranteed to work, no.
To SXX bloke if that's Sirius then the failure of the company is surely the bigger issue?
There is another party, the ease of access to unadvised trading, especially in SIPPs, BBs haven't helped but even having a warning of 'you're investing more than 10% of your funds in one go, are you sure about this?' might make people think twice. I've one share, comparing book to book, above 10% and it's my biggest worry, everything else is 5-10% and there is a good portion in funds. This has minimised risk. Yes it limits returns, but lost returns are less bad than realised risks. But I suppose the moment that they flash a warning like that, it creates a delay (claims of I lost because the price moved whilst answering your question) and it implies advice (you inferred that 10% was safe). So to be truly execution only is the safest way, and people must take responsibility for their own actions. There's a claims industry that's run out of work that's looking for something to do.