RE: RE: Just SOLD 55,250 @ 180.1223 Jan 2023 22:44
The Corporation looks interesting - I will put it on the 'to read' list, thanks. Currently working through The Sovereign Individual. I appreciate my previous post perhaps came across as somewhat callous. On one level, I sympathise with current pensioners who feel they paid their dues. I know a fair few. IMO they were misled, because most of them have not paid in nearly enough, on average, to cover the various costs associated with their extensive retirements. The early retirement age, the final salary pensions, the free university education - or the ability to walk into a quality corporate job without the need for a degree in the first place. High interest rates were short-lived and properties were very cheap in comparison to now, based on earnings multiples. Don't forget the golden ticket of MIRAS either. The amount of people who could fund a respectable, fairly comfortable, life on a one income household versus those of later generations. I think this 'inter-generational theft' is the root cause of the apathy that is so common in the younger cohort. Subconsciously, they know they are stuck at the rump end of the ponzi scheme and their options to opt out are limited. Anyway, we certainly live in interesting times, as that Chinese proverb cautioned us about!
Well done to those who have taken profits here and good luck to those who remain. Barc remains very much on my own watch list. GLA.