We would love to hear your thoughts about our site and services, please take our survey here.
...and today we have another example of why I ignore "broker ratings". Clueless bunch of nobodies who get into a panic just because there is a temporary drop in demand for one of Rio's products. Does anyone seriously think that the whole world will permanently stop wanting iron and steel ?
As we all now know stupidity which is a common fault of many so called investors reigned again last week when the SP of this great old company fell to around £2. It happened to a few other well known businesses too. The problem is that fear results in the logic centres of the brain to cease functioning as any psychiatrist well tell you. I have trained myself to ignore fear and thus once again bought some shares cheap last week LOL.
I see the fool Questor who rarely does anyone any good is saying this is a buy. Seeing as the return is only half the current inflation rate and Lidl and Aldi continue to take market share, I think he's lost his marbles.
Many years ago some people thought that the balance of payments was terribly important and had to be maintained at a "level" which cost us dear. Then someone said no it isn't, everyone forgot about it and life carried on. Years ago some people thought that dollar parity was terribly important and had to be maintained at a level which cost us dear. Then someone said no it isn't let it float, everyone forgot about it and life carried on.
This is now seriuosly good value for those who think properly. People always have to buy insurance no matter what the economic prospects are. I will be adding more to my holding as soon as I can get the bank to lend me a few K.
Anyone who imagines the effectiveness of a covid vaccine which singularly fails in it's alleged purpose on all counts and is seemingly unable to prevent spreading of the disease, has to be incapable of arriving at logical conclusions in my view.
Actually some imagine that during a recession DIY suppliers suffer but in fact the opposite is true - because many find it difficult to hire tradesmen when money is tight, they set about doing work themselves. This has been proved many times - ask B & Q if you don't believe it.
Hi Shaun, there are somethings where demand hardly ever drops. They are described as "inelastic" per my old economics text book such as car insurance, bread(rice in some countries) and water becuase folk cannot do without them.
Hi Motbuck, There is no logical reason unless you count that there are a large number of dinlos in the investing community. I recall trying to explain to one of them last year that his method of measuring the small gains he made from doing "daily trading" was completely wrong but he wouldn't have it.
Doubt if you will find much difference trying other insurerers, they will all have similar if not higher costs to contend with and DLG do have their own reapair shops. Also the first time discount business has now been ended by law. Many of us have been doing quite well in the last few years but all good things have to come to an end as they say. If you are daft enough to become a "poor risk" by doing Jackie Stewart driving, you can expect to be absolutely caned shortly IMO.
.... just because of inflation/fuel prices? I don't think so, in my street there are three houses having major improvements done plus two of my neighbours are having new fences and I spent £50 in Wickes in the past month.