RE: Trump insider trading11 Apr 2025 10:15
Simples, yes that was the reason, but I wish i had a Trump tweet to me to say buy in NOW ! :-)
UK market was closed when he said it in jest anyway on X .
if these guys are 304 billion up, that must mean normal people are 304 billion down, it's not magic money.
But it is insider trading at the highest levels in public and laughing about it.
While the guys on a low £50k pot and retired now maybe on a £38k pot and they have to draw on it>
I am lucky enough not to have to sell anything for 2 years, but 90% people need the income month on month and it's gone, they cannot get it back as they are drawing on it. so a BIG part of peoples pots are gone for life. the recovery won't be enough to offset the big losses. I am just happy I did not retire and sell my business, I would be £7k down PA for life as an example on how it affects wages drawdown.