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Some of you may have already seen this video, but if you haven't and are thinking of investing in stocks and shares, or already have done so and have a portfolio, then I would strongly advise you to watch this rather excellent film as it may make you aware of what's really going on in the financial investment world.
Here is the link: https://www.youtube.com/watch?v=zqa-jSuXmYw&feature=youtu.be
Here is the link: https://www.youtube.com/watch?v=zqa-jSuXmYw&feature=youtu.be
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I noticed that Gina Miller was on Question Time recently and it reminded me of these videos. I think she is connected with them.
The financial services industry is a right royal rip off.
The financial services industry is a right royal rip off.
We know all this anyway.
People use funds to spread their risk. Rather than pick shares themselves with the greater risk that entails. With constant monitoring and decision making as well.
If a company in a unit trust fails the effect on the fund is small.
If a company in a small portfolio of shares fails, the loss to an investor can be substantial.
Generally if the index goes up you'll make money in a fund.
If the index fails you'll loose.
People use funds to spread their risk. Rather than pick shares themselves with the greater risk that entails. With constant monitoring and decision making as well.
If a company in a unit trust fails the effect on the fund is small.
If a company in a small portfolio of shares fails, the loss to an investor can be substantial.
Generally if the index goes up you'll make money in a fund.
If the index fails you'll loose.
"thinking of investing in stocks and shares" ...my mate calls them "shocks and scares"..
Anyway ...been down that road ..and it's a long learning curve.
Started off with £ 100k trading thru'....
1) Barclays (execution only) ...they completely screwed up my account...kept telling me "I hadn't sufficient funds in my account to execute certain trades ...I had ...what you have to realise you're just talking to someone in a "call centre" ..so ..
2) Traded Options (puts and calls) ..thru "Options Direct" the advantage I had was my "brother in Law" was a retired Chartered Accountant also trading Otions ...so learnt a lot from him ...good days /bad days ...best trading day up £ 8,000 (on a £300k options trade on BT) ..worst trading day minus £ 20k !....then heard about trading CFD's ....so on to
3) Trading CFD's with CMC ..gearing is good (trading on margin) ...from memory 5% on shares...3% on the index...1% on FX...and of course the advantage of (2) and (3) ...you can take long or short positions.
(A bit like BETFAIR ...where you can back and Lay)
I lost a shed load ...left large open position ...then got called to a job in Iran ...I'm in Iran - couldn't get to a decent computer and lost a pile....should have put an OCO position out there (Order Cancels Order) but ...didn't hey ho another lesson learnt !
Would I...will I do it again ..yes in a hearbeat...but would never hand over dosh to "Fund Managers" and the like ...no way - do it yourself ! Masses and masses to learn but have a go !
As the saying goes ... DYOR ...Do Your Own Research !
So what'sthe attraction of BETFAIR ??...comparison - will the FTSE go up or down tomorrow ? nobody knows !
So now Man City at Home to West Ham or Bournemouth - much better bet and you'll get a 20 - 30% return in 90 minutes !
Luvvly jubbly !
Anyway ...been down that road ..and it's a long learning curve.
Started off with £ 100k trading thru'....
1) Barclays (execution only) ...they completely screwed up my account...kept telling me "I hadn't sufficient funds in my account to execute certain trades ...I had ...what you have to realise you're just talking to someone in a "call centre" ..so ..
2) Traded Options (puts and calls) ..thru "Options Direct" the advantage I had was my "brother in Law" was a retired Chartered Accountant also trading Otions ...so learnt a lot from him ...good days /bad days ...best trading day up £ 8,000 (on a £300k options trade on BT) ..worst trading day minus £ 20k !....then heard about trading CFD's ....so on to
3) Trading CFD's with CMC ..gearing is good (trading on margin) ...from memory 5% on shares...3% on the index...1% on FX...and of course the advantage of (2) and (3) ...you can take long or short positions.
(A bit like BETFAIR ...where you can back and Lay)
I lost a shed load ...left large open position ...then got called to a job in Iran ...I'm in Iran - couldn't get to a decent computer and lost a pile....should have put an OCO position out there (Order Cancels Order) but ...didn't hey ho another lesson learnt !
Would I...will I do it again ..yes in a hearbeat...but would never hand over dosh to "Fund Managers" and the like ...no way - do it yourself ! Masses and masses to learn but have a go !
As the saying goes ... DYOR ...Do Your Own Research !
So what'sthe attraction of BETFAIR ??...comparison - will the FTSE go up or down tomorrow ? nobody knows !
So now Man City at Home to West Ham or Bournemouth - much better bet and you'll get a 20 - 30% return in 90 minutes !
Luvvly jubbly !
Too much short term finking by many looking for the quick return better off sticking it in a index tracker and leaving it for at least 10 years.
Makes sense. Why would you want to be constantly asking your fund manager why hes blowing hot and cold when you could just give him your money and leave him to it for a decade or two.
never underestimate the stupidity of your average joe public,report yesterday said 10,s of 1000,s of people who took lump sums out of their pensions and didnt want an a annuity so left the rest in a sipp,didnt no their money maybe at risk in a sipp and could go up as as well as down,probably the same 10,s of 1000,s who didnt no they still had the capital to pay back at the end of an interest only mortgage ,fools and their money are easily parted springs to mind
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