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Hi. On investing.com it shows gold price of $1797 but IG live prices show 1780. Does anyone what this disparity is all about?? I assume IGs closer to true as it's a huge live marhet. Any views on this?
they will just steel all peoples savings or make the pound more worthless
Don't forget they will never go bust.
BOE can just create money out of thin air. It doesn't matter if they bankrupt or not
Barclays finally reported today what most of us have been saying for weeks. The buying in stocks is over done (mostly paid for by central banks, cheap loans, QE and massive bond buying even into private equity). Economies will not bounce back like.the markets have, Q2 data from companies will be terrible, not just a Q1 blip. I doubt we'll see the march lows, but I think about 15% down on most major indexes over summer.
FTSE up 6170.52 I would like to see a nice sell off in the next few days
The social activist are now smashing Facebook and Twitter share price too so that helps make Nasdaq fall too.
It's confusion all around. Investors buying wrong shares. Look at Intu properties. Come on how dump to buy intu or carnival for that matter. Indicies need to fall a lot. Boom time for gold and spread betters and tech outside social media
just give it time , bank of England was near bankrupt in march
Long way to fall
going to go down again
So what happens when the debt is call in they just default causing more problems.
I we had proper interest rates we would be better off than we are now.
** Countries, not counties
** neither, not neigher
There isn't a country on earth that hasn't got debts. Counties just tend to pay off the interest and roll them over, when it comes to sovereign debt. Hence the multi-trillion government debt on the books of pension funds and the like, which are considered an 'asset'. Without zero or negative interest rates, governments can't survive, and neigher can pension funds without a good rate of return. Some analysts are saying that the ECB will shift to perpetual bonds without defaulting, which means bond holders will lose out and take fright. It doesn't matter, because the ECB has bought all the new debt anyway over the last few years. At least corporate debt pays an attractive rate of return.
RBLionheart i agree BUT you cannot build a strong economy on debt can you?
June 8th was still the last high as it stands at the moment.The Index is just hanging around waiting to see how we all fair coming out of lockdown.
It seems a two way bet.If the second wave takes hold and we have to go back to lockdown,the market will fall.If things progressively get better the market may go back up.
They could tell all vulnerable people to stay at home and isolate,and let everybody else take their chances.
Between the devil and the deep blue sea.I'd sit on my hands at the moment,and wait.
Endless supply and cheap or almost free cash from the central banks, being funnelled into the finance sector, who have all decided to pile into equities. Eventually it'll come down only when the larger holders think the yield has dried up. So close to February highs I reckon.
Seem to have gone out of the window so not sure now about a market crash. Construction and Pharma will do well in the next 12 months imo whereas banks shouldering bad debt , oilers and service sectors will struggle.
oops sorry it will drop ftse that is is that clear
You mean overbought?
Can you make a bit more attempt to say whatever you want to say clearly. Now it's just: this is oversold so it will sell?
What utter nonesense to
I say: it needs to drop a bit to attract buyers. The big point is if cheap money can prevent any real sell off?
crazy prices, well this is well over sold and will come back down with a bump
The global equities rise has matched the central banks QE and bonds for equity conversions from the US, ECB and BoJ. That cash ran out last Friday from the Fed. And it's waiting for the €600billion from the ECB next week or the week after. Fundamentals are on the floor, stock markets are all stupidly overbought and overvalued, but there's trillions in cheap or free money from central banks being poured into equities as bonds are paying nothing.
Yep. The Dow has taken a 7% hit and I can only see the FTSE dropping further as the risk of a second Covid19 wave grips America. Its hard to see where the good news is coming from. To be honest I am amazed that the FTSE ever made it this high anyway.
I posted on May 28th that markets would start to fall on the following Monday the 1st of June.The high at the moment seems ( if it doesn't go above it),to be on the 8th,last Monday.As it stands I was a week out.
A 1800 fall on the Dow today is massive.Difficult to see how this is not the start of the fall.It will take quite a bit of volatility to go back up and above last Monday's high.We shall see.
I've been investing for about 3 years now (still a newbe). Thanks for your post good sensible advice.
Just wanted to say thanks ad pop my posting cherry....
Looks like I've still got more to learn and research into!
Thanks for the advice on fund managers and CEOs.
Hi Rai, an important tip; For years now the FCA has forced any purveyors of investments to plaster their publicity with the slogan, "Past performance is not a guide to future performance." The industry goes along with this, but in fact its' utter rubbish.
I've been a PI for over 55 years & one of the most important lessons I've learnt is to keep a very beady eye on a company, or fund's, management. If management has a good track record of generating profits, then the likelihood is they will continue to generate them, unless the whole economic basis for their industry goes whoopee; like crude oil going from $60 to $20 almost overnight, as it did recently.
Most fund managers are timeserving hacks, making a very good living by nickelling & dimeing their investors out of 1% pa for funds that fail to outperform their benchmark index. It's a great way to make a million a year - just find a few thousand mugs to give you £200 million which you stuff into an index tracker (though you call it your "High Alpha Income Fund" and it's sister is your "High Alpha Capital Fund") filled with BP, HSBC, RDSB, RBS, Lloyds, GSK, DGE, and other FTSE 100 worthies.
So if you look at funds, begin by filtering out all those who've been outside the first-quartile for performance, for the last 5 &, possibly, 10 years. That eliminates the dogs. My experience has been that good managers remain profitable over the medium to long term, But, but, but, but, but, there is always the occasional exception to break that rule. Neil Woodford has been the classic recent example. For reasons unknown, except to himself, he decided to pep up the performance of his once well-performing funds, that had hit flat patches, with some unquoted biomedical & bio-technology companies and kept increasing the bet.
So, keep a sharp eye open, when formerly outperforming managers hit flat patches and start to toy with their portfolios. Find well-run companies & funds with good track records. Avoid outright speculation. Gold mining promoters, for example, are famous for promising the moon & it can get you very excited at "Getting in on the ground floor". I paid a few thousand in fees to the University of Hard Knocks before I learned that for every junior public company worldwide that sets out to go mining, precisely one company in 10,000 lands up with a working mine. So the bet you're being asked to take has odds of 10,000 to 1 against. Far worse than the most spavined donkey in the Grand National at 250-1.
Management changes over time. We all eventually retire. Watch out for new CEO's & fund managers.
Maybe find four or five funds and then sit back. You're in for the long haul. My wife was left £1,500 in 1983 in a Will. She got advice & put it into M&G North American fund (now North American Dividend) at £1.67 per unit. Today one unit is worth £31.73, so even allowing for a maybe 10x increase in the cost-of-living, it's done her right.
Good luck and enjoy yourself!