A bad month for the FTSE!

 

Yep, Chip's prediction is looking somewhat stupid now

 

Seems to be bothering you more than me though.

 

Problem with gold is exactly HOW do you best invest in it.

I've never held physical gold because you have the risk of theft - if you insure it that is an overhead on holding it, and when you come to sell you lose a cut obviously, so unless you're buying a significant amount, and the price goes up significantly it just doesn't seem worth it.

The closest thing to gold I hold is shares in Randgold, and I'm surprised at how cheap they're trading at the moment - up today, but only slightly.

 

Thanks, wasn't aware they were CGT free.

I'll probably start getting some in that case, just as a hedge against things getting really bad/hyperinflation.

 

Well as your personal portfolio is of course bucking the trend in true Walter Mitty SN style then it woldn't be bothering you one iota would it?

 

As you have absolutely no idea what is in my portfolio you are merely speculating. Why would I lie about it anyway, I have no reason to.

 

:So he says anyway.

 

What? Other than to, once again, try and make yourself look financially smarter and better off than most of the other posters on here as you, like a few others, seem to think being more wealthy than others somehow makes you a better person than them.

 

You keep on bringing this thread back to life , not me.

 

Who gives a ****? Cars depreciate! What's the point of your question?

 

He says from the drivers seat of his AMG Mercedes

 

As ever you are missing the point. I admit my car is depreciating, Chip expects us to believe his portfolio has risen 11% when the markets are considerably lower than the start of the year.

 

Which is doubtless worth a lot less than your car

 

Yep, but I'd take a bet I'm right though.

 

Ooh I feel a little wager coming on here

Look back through some share threads on here and you'll see what shares I have or at least some of them anyway. And bear in mind I worked for Nat Grid, BG etc for years where I did share schemes for 25 years or more likewise the Mrs as well . Our shares from these one this year are well above 11% Inc this month's heavy falls. As for my car, once again you have no idea what I drive but its certainly not a convertible hairdressers car.

 

He can revel in the misfortune of others all he likes but I'm afraid he's barking up the wrong tree on this one.

 

I believe "Schadenfreude" is his middle name!

 

Maybe it's becuse his "unconventional" investments haven't done as well as yours.

 

British Gas shares are down 20.4% since Jan 1st or do you have the magic ones no one else has?

I never said what car you had, I said your car was likely worth more than mine which seeing as you were using it as an example of wealth mattering makes you look a bit silly or is "the financial wizard" of SN lowering himself to tooling around in a sub £15K car... I doubt it... after all what would the neighbours say

As for this thread you posted saying what a great year for shareholders it would be... the subtext being how wonderful the country is again... when in fact it's turned to rat **** like I said it would! I am not revelling in anyone's misfortune... I just get fed up with the notion that we are somehow out of the mire when we are basically still economically f**ked like much of the rest of the world as fundamentally little has changed since 2008!

 

I didn't say all, in fact you even underlined the bit where I said 'much of'. Your posting is very confusing.

As for the question I still think China holds the aces despite a relatively bumpy ride for them recently.

 

Top 1% 'own half global wealth' - Credit Suisse report

http://www.bbc.co.uk/news/business-29641109

There are simply not enough poor people, with enough money to buy the **** that makes the rich people rich

It is simple economics

 

Unless its done with cheap credit, oh hold on!!!!!!!!!!!!

 

Mmmm you've broken the first rule of fight club

 

Marx's immiseration thesis in action.

 

A good day for me. HSBC sent me a letter offering to pay me £2,700 as compensation 'cos they let me trade some derivatives a few years ago for which the failed 'to check the suitability for me'.

 

Trading derivatives? Are you actually trying to increase your wealth by doing "nothing"?

 

Yes but he is just trying to survive in a system he did not create, you are scum on the other hand as you 'revel' in it.


Looks like he made a pigs ear of it anyway

 

As ETF's yes. This was back in '08 and I lost some money and made some money, but quickly decided that I was taking too many risks so jacked it in. After this I only held various FTSE 100 shares or things like ETF's linked to indexes. But for about a year now I haven't been active, since I am 'supposed' to looking for house, so my money is cash.

 

No I was up overall but this is to cover some deals where I made a loss, plus interest.