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Retirement
Rents are rising on profiteering landlords. Council tax rises in April along with an end to help with gas and electricity payments. Food prices don’t look like falling substantially until an ongoing war in Ukraine is resolved. Avoiding a ‘technical recession’ doesn’t mean we don’t experience a recession this year.
Sully
Be careful, you’re being side tracked to a different subject because neither poster can answer the original question. Richie rich blagging his way out again going down a topic nobody wants to talk about in this thread. Tell them to stick to the question and start a NEW thread if they want to discuss Ukraine. Answer the original question Richie rich or do you not know the answer?
Sully
As you can see neither of these posters can answer the question. Both will go to any lengths to avoid answering the question. I very much doubt Richie rich runs any business as he/she can’t even answer a question on the basics. Easy to Bragg one’s worth when it can’t be proven, he’s obviously a keyboard warrior emotionally attached to one stock. :)
Sully
The failure of lehmans took some time after the first problems in the financial sector at that time. The US central bank tends to break things when raising rates at this speed. That not to say it will happen again BUT you can see why there’s concerns in the financial sector at the moment. Try researching why the bonds in the credit suisse deal caused market concerns and why Deutsche bank got caught up in those concerns today. ECB/EU moved quickly to shore up those concerns BUT they returned today with Deutsche bank. Central banks will always protect the bankers as failure to do so comes with great risk. If trading don’t get greedy!
Sully
It’s not profit till it’s banked. Until that time it remains an investment that rises or falls with markets expectations. A target price on markets conditions is always useful as everyone should be looking to sell at some point unless they’re looking for a dividend stock to supplement ones income! I don’t hold RR long term as it doesn’t pay dividends like those on my portfolio. It a profitable trade tho :)
I might add, Porsche sell most of their 911’s when the bankers get their bonuses so it’s yearly specific on when those cars boom. The rest of the year they’re a plodder sale. Covid caused a demand spike in the luxury sector through lack of supply of most luxury item which when passed brings that sector back down to relatively normal service.
Richie rich
Stop pretending I’m someone that I’m not. Answer the question I asked about credit suisse and Deutsche bank please or everyone can assume you’re clueless to why the markets are down today. For the umpteenth time stop using other previous posters here to avoid the question, I’m waiting for your explanation:)
Retirement
I’ve turned down a Daytona panda dial and nautilus in past month at MRSP. Go try flipping one of those watches today for a decent profit. Grey dealers are sitting on inventory they bough early 2022 they would need to sell at a big loss. The luxury watch market has been falling for nearly 12 months. Just cause you can’t see them in the window covers up the illusion what’s in the safe that were placed infront of me in last month. Luxury watch sector was my point not cars.
Richie rich
Can you explain the issue in the credit suisse deal that’s affecting the financial sector in respect of bonds and why that’s affecting uncertainty around Deutsche bank today. Do we agree if the financial sector has concerns then the wider markets follow it down too. Doom and gloom I’m not mr, just basics of how markets work really which is lacking for some here!
Tomski
I sold at target prices as luck finds the top or the bottom in most any stock. I’m not greedy in that respect.
Just so we’re clear under stand the terms of the deal in the credit suisse bail out as regards bonds and why that pulling down banks and wider markets. Deutsche bank are incurring higher costs insuring bonds from default as a result. If the financial sector is down the wider market follows.
I suggest both of you read a little more about what’s going on in the financial sector/wider markets and why the markets are down today. Deutsche caused the sell off in European stocks today as I said earlier. Your way too emotionally involved in RR for your own good IMO GL
Some people don’t like the truth! Had you sold at 150p like most serious investors who weren’t greedy you’d be loading up at a cheaper price today or even Monday. Some people are just blinkered to the truth, or it hurts :)
Retirement
Watch market falling like a brick, people I know turning down Rolex watches from authorised dealers at MRSP while they exhausting their lists and grey dealers sitting on stock they over payed on in early 2022 before the luxury watch market burst. Luxury watch market was a bad example as most luxury brands struggle when cash supply is tight. Go and try selling a Rolex, AP or PP these days and see what offers you get. A watch is not an investment it’s to be worn and enjoyed !