RE: How low can it go4 Mar 2022 09:32
That, dear Losealot, is not a good thing.
One thing I'm finding unconscionable at this time is the constant adverts from the likes of Hargreaves Lansdown, etc, touting for new clients. It's all smiles and exotic holidays, when the reality currently is big losses (declaration - I'm currently running at about 35% total losses because, like an idiot, I listened to HL, Money Week and Investors Chronicle).
Oh sure, they and others will say, of course, that now is exactly the right time to get into the market, because you'll be buying cheaply and there'll be more ups from here than downs. But that then just highlights what a Ponzi scheme they're running. Those of us who bought in - on advice! - at the higher prices now have to wait possibly years for the market to rise before we even break even on investments made years before, while new clients, enjoying the same rises, reap all the rewards. It's rather like banks and insurance companies giving preferential rates and bonuses to new clients that aren't available to the loyal long-term customers. (Just to be clear, I'm not railing against others making money - I don't begrudge anyone that - I'm trying to highlight how these companies see and treat the ordinary investor.)
This all means, of course, that new investors in the markets will have years of comparatively positive market movements and their confidence will grow accordingly. Just wait, though, 'til their investments start to flounder (they all do at some point) and they find their company announcements become fewer and further between and eventually dry up and you're left with no news and a constantly falling share price. "You may get back less money than you invest" doesn't even begin to describe the gut-wrench that a loss of faith in a board of directors' honesty creates.
Ok, I'll shut up now.
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