Comment deleted by Article Creator
comment by Republik of Mancunia (U6779)
I don't think that was the lesson to be taken from this tale. In general in a standard savings account the funds invested in the ISA would have been bettered through standard interest over that period of time.
It is slightly different investing in an ISA as it's a FTSE100 tracker generally, plus some catastrophic global events over that period had a massive effect on the market values - 9/11 in 2001 and the market crash in 2007. But still the lesson to be learnt here is that even over the longer term safer investments can still come out on top.
The crisis in 2007 may still be eclipsed by the Brexit thing over the next few years, especially as May is about to give a speech on it tomorrow and going for a hard brexit, no single market, no customs union etc. I wouldn't be surprised to see the markets react to that tomorrow and the pound is continuing to plummet.
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That's fair. The world is very unpredictable at the moment and the stock market is on a tear so probably not the best time to invest anyway. Thanks for hammering in your point. I'm getting it now.
comment by Flashy flibble (U10324)
posted 1 hour, 5 minutes ago
I'm an accountant (full time) and a forex and commodities trader on the side.
These are highly risky markets and certainly wouldn't recommend.
But, I make a decent second income following a strict but simples rules based strategy I developed. Patience is absolutely the key in these things. It helps that I don't need to make an income from capital markets. Can't imagine how stressful that must be.
I do it for fun and cos I have a general interest in economics. I think of it as a game, a risky game but using money I can afford to lose.
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I think you've hit the nail on the head for me. This is completely the right attitude to take and kind of why I mentioned the football accumulators. If you have money to spend and you can afford to lose it. Why not do this instead of one of the many wasteful things we do every month. As long as you're not banking your retirement on this one strategy, it should be fairly harmless. My main source of income will always be my businesses and through that, I hope to prepare for retirement. The stock market thing would just be something fun and interesting to do on the side and give me an extra incentive to analyze other businesses.
comment by U2 (U20610)
posted 7 minutes ago
I'm happy investing in property. I think it's not done to bad for me.
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Property is obviously the most solid investment, but for the average person that doesn't have 100 left in the bank account at the end of the month and little knowledge of how to manage a property, this might be the next best thing.
Comment deleted by Site Moderator
Lithium mines and natural gases. Target start ups looking for funding to set up a dig.
comment by United we win (U19958)
posted 2 hours, 27 minutes ago
would never invest in technology companies. facebook in the future could be worth very little and go the myspace route.. there is always another big thing.. that can ruin a company's business model, especially in technology. can only see decline tbh
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Mark Zuckerberg is a beast, though. He's a real visionary and very quick to buy up the competition. Facebook is bigger, more powerful and more prepared for the future than any of the previous websites were. As long as nothing happens to Mark, they will crush the next 10 years.
Alternatively, look out for Amazon. They are going to be gigantic in 10/20 years. They have patented some crazy stuff.
comment by The Lambeau Leap #RunTheTable (U21050)
posted 1 hour, 49 minutes ago
Lithium mines and natural gases. Target start ups looking for funding to set up a dig.
----------------------------------------------------------------------
Thanks, bud. I'll remember that.
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Footy Accumulators vs The Stock Market
Page 2 of 2
posted on 16/1/17
Comment deleted by Article Creator
posted on 16/1/17
comment by Republik of Mancunia (U6779)
I don't think that was the lesson to be taken from this tale. In general in a standard savings account the funds invested in the ISA would have been bettered through standard interest over that period of time.
It is slightly different investing in an ISA as it's a FTSE100 tracker generally, plus some catastrophic global events over that period had a massive effect on the market values - 9/11 in 2001 and the market crash in 2007. But still the lesson to be learnt here is that even over the longer term safer investments can still come out on top.
The crisis in 2007 may still be eclipsed by the Brexit thing over the next few years, especially as May is about to give a speech on it tomorrow and going for a hard brexit, no single market, no customs union etc. I wouldn't be surprised to see the markets react to that tomorrow and the pound is continuing to plummet.
----------------------------------------------------------------------
That's fair. The world is very unpredictable at the moment and the stock market is on a tear so probably not the best time to invest anyway. Thanks for hammering in your point. I'm getting it now.
posted on 16/1/17
comment by Flashy flibble (U10324)
posted 1 hour, 5 minutes ago
I'm an accountant (full time) and a forex and commodities trader on the side.
These are highly risky markets and certainly wouldn't recommend.
But, I make a decent second income following a strict but simples rules based strategy I developed. Patience is absolutely the key in these things. It helps that I don't need to make an income from capital markets. Can't imagine how stressful that must be.
I do it for fun and cos I have a general interest in economics. I think of it as a game, a risky game but using money I can afford to lose.
----------------------------------------------------------------------
I think you've hit the nail on the head for me. This is completely the right attitude to take and kind of why I mentioned the football accumulators. If you have money to spend and you can afford to lose it. Why not do this instead of one of the many wasteful things we do every month. As long as you're not banking your retirement on this one strategy, it should be fairly harmless. My main source of income will always be my businesses and through that, I hope to prepare for retirement. The stock market thing would just be something fun and interesting to do on the side and give me an extra incentive to analyze other businesses.
posted on 16/1/17
comment by U2 (U20610)
posted 7 minutes ago
I'm happy investing in property. I think it's not done to bad for me.
----------------------------------------------------------------------
Property is obviously the most solid investment, but for the average person that doesn't have 100 left in the bank account at the end of the month and little knowledge of how to manage a property, this might be the next best thing.
posted on 16/1/17
Comment deleted by Site Moderator
posted on 16/1/17
Lithium mines and natural gases. Target start ups looking for funding to set up a dig.
posted on 16/1/17
comment by United we win (U19958)
posted 2 hours, 27 minutes ago
would never invest in technology companies. facebook in the future could be worth very little and go the myspace route.. there is always another big thing.. that can ruin a company's business model, especially in technology. can only see decline tbh
----------------------------------------------------------------------
Mark Zuckerberg is a beast, though. He's a real visionary and very quick to buy up the competition. Facebook is bigger, more powerful and more prepared for the future than any of the previous websites were. As long as nothing happens to Mark, they will crush the next 10 years.
Alternatively, look out for Amazon. They are going to be gigantic in 10/20 years. They have patented some crazy stuff.
posted on 16/1/17
comment by The Lambeau Leap #RunTheTable (U21050)
posted 1 hour, 49 minutes ago
Lithium mines and natural gases. Target start ups looking for funding to set up a dig.
----------------------------------------------------------------------
Thanks, bud. I'll remember that.
Page 2 of 2