RE: Alwaysone17 Feb 2021 08:22
Well said Michael
Good luck AO
ST makes a good point. I only check in occasionally. I’m sat on my hands on most of my investments, and fiddle round the edges, ooo errr!
I think it was you, AO, that said brokers’ clients that do the best are the dead one’s?
I’ve got mates who play all on in on red, and have a choppy ride northeast, whereas I couldn’t get any work done doing it that way - I’d be too anxious!
But as an example, I jumped into ARB a couple of weeks ago, made 50% in about 4 days and jumped out leaving a free carry. No I don’t have to care. I play around the fringes.
In my former work life circa 2003, I picked up Jim Stride from the railway station and took him around to all my broker IFA’s. Jim Managed the AXA Distribution Funds, and these funds held the bulk of the Index Linked Gilts in the UK issued by HM DMO. Anyway, he said to me back then that the 8th wonder of the World is Compound Interest.
It’s quite simple really. Also when you do the maths.... if your investment falls 50%, it has to grow 100% to come back to parity. Likewise if it grows 100%, it only has to fall 50% to come back to parity.
Volatility and risk form the 9th wonder, in my mind.
Have a good one AO
Caribs