[Politics] Brexit

[BLOCK F]

absolutely, but when approaching retirement good pension planning tells you to move out of markets and into bonds, precisely to avoid shocks. even a 10% drop from yesturday whould be above the YTD lows around 5500, by end of the year FTSE100 could be up 5%.

I am well aware of pension planning, Beo, but these days, for many people and with increasing longevity, the advice to 'lifestyle' one's investments in such a way is perhaps not quite so obvious as it used to be. Many more individuals are in drawdown now than there used to be and are sometimes advised to keep more of their investments in stocks than was the case in the past.
Yes, there will be a large market reaction today,as was to be expected with such a vote but a 5% increase from today's closing price by the year end won't float my boat.
Luckily, I have been increasing my cash position lately and will be looking to enter the markets again as and when.
Not a happy bunny though.

 

[fat old seagull]

just leaving the EU is a long term benefit THE COUNTRY can build on that IT'S THE START OF A NEW ERA FOR THE UK tax payers money going into the UK and not the EU the end of EU DICTATORSHIP on how the UK conducts itself , what's not to like
regards
DR

Yes, all of that. But can you seriously believe that the remaining Market Members are going to be inclined to deal with us at competitive rates...or even at all.
The French dislike us already, and as I type, I image them dismantling the fencing at Calais. Where's Captain Mannering when you need him

 

[Hugo Rune]

London, Cardiff, Edinburgh & Belfast all voted remain; in some case by over 75%. Our capital cities have been trounced by the rest of the country.

 

[KingKev]

Also the results show that those with higher education were more likely to vote remain.

Old uneducated people won it!

Another view would be that the vote was won by people who feel dispossessed and excluded from the benefits of the EU. People with higher education will generally be from higher social-economic backgrounds who have not been affected equally by the corrections required post the financial crisis. The geographic split in England is telling - pretty much only London with its internationalist view and clear economic dependency on international trade and a few cities that have benefited from recent EU cash injections and have historically outward looking cultures (Newcastle, Liverpool etc) voted remain. The rest of the country was a solid 'leave' because they cannot see what Europe does for them and they are fed up with mandarins like Junker and Trusk, that they have never heard of let alone voted for, telling them what to do and how to do it.
The vote was always going to be close for these reasons - not because of immigration or xenophobia per se or because we have more stupid people than clever ones.
I would have preferred a very, very narrow remain win, as that was the best opportunity to force EU reform whilst removing the risk of years of economic uncertainty and volatility. However the people have spoken, and we now need to get on with it.

 

[Bwian]

I will be extremely interested in your explanation on how we are going to have ''inflation on a scale not seen for ages'' during the ''mother of all recessions '' ??

Upcoming recession. Upcoming, not during. High inflation thanks to a plummeting pound will raise prices, probably quite quickly, considering the majority of our goods are imported. You're the financial expert-you know how these cycles work.

I take it you aren't concerned?

 

[Stat Brother]

He is an elected MEP who passionately campaigned for his own redundancy. Unlike most our MPs who work for their own enrichment.

To the victors the spoils imo.

Absolutely.
I really honestly admire the odious, 2-faced, lying, conniving, little prick.

Over the last 2 or 3 years he has been a brilliant politician.
He's maneuvered the 2 main political parties, and 52% of the nation round to his way of thinking.

Living in a bluest of blue West Sussex village I have grown up thinking it was impossible to influence the political world.
Yet Farage has done exactly that, one voice, one message, one result.

 

[Neville's Breakfast]

This wins the award for most patronising post of the day for me. And the day has barely started.

Incredible isn't it. This kind of attitude also explains a lot of why Remain lost. I'm afraid that threatening and insulting people does not work. I am university educated, have worked around the world, am tolerant and have a socially liberal outlook. I voted Leave.....

 

[soistes]

So the side supported by Katie Hopkins, Boris and Farage win. Thank you to all the pensioners who have ****ed my future.

I'm over 60 and voted remain, as did my 85 year old dad, and my 80 year old in-laws. Please don't tar us all with the same brush!


Sent from my iPhone using Tapatalk

 

[Simster]

Agree.

And for the sake of young people we have to come together. Accept that the result was what the result was and find some way forward. I feel for them terribly. Our politicians have let them and so many disaffected people down.


Sent from my iPhone in a non-Calde world :-(

Cameron and Corbyn should both go. Absolutely disgusting from the pair of them.

 

[cirC]

Democracy won

https://www.youtube.com/watch?v=EfGDvDGE7zk

 

[vegster]

the market reaction today is pretty irrelevant to your pension pot. the reaction next week, month etc is more important.

I don't have much of a pension to start with and I've only got 10 years til retirement, it will take most of that to get back to what it was yesterday. .

Too many people think that everything will magically be put right just like that. We may have " taken back our independence " but we have lost our heart and soul.

 

[clippedgull]

Cameron and Corbyn should both go. Absolutely disgusting from the pair of them.

Cameron is a dead man walking. Corbyn is being briefed against by Labour MP's. Just a matter of time for him, especially if the Lanour party wants a credible chance of winning a possible election later this year.

 

[Mackenzie]

54% of the population won't agree with me, but I can't help but think we've really cocked this up.

 

[Hamilton]

Cameron and Corbyn should both go. Absolutely disgusting from the pair of them.

Corbyn has already called for Article 50 to be invoked. We knew he was a closet Brexiter, but even his desire to get in first is extraordinary. Sad times for politics.


Sent from my iPhone in a non-Calde world :-(

 

[melias shoes]

The BBC were very solemn this morning.

 

[Blue Valkyrie]

Cameron needs to go TODAY.

 

[Stato]

Another view would be that the vote was won by people who feel dispossessed and excluded from the benefits of the EU. People with higher education will generally be from higher social-economic backgrounds who have not been affected equally by the corrections required post the financial crisis.

True, and they will also not feel their share of the pain from the economic challenges which will follow this result. Once again it will be the dispossessed, the people at the bottom end of the economic scale who will suffer.

Angry ignored people have voted with their hearts perhaps because their heads tell them that, if they don't shake up something, they will continue to always be the losers. Unfortunately, the most likely outcome will be further austerity for them. Those in charge of this country will continue to take the same size piece of the pie. If the pie is to become smaller they will just ensure they get their's and leave less for those with the least power.

 

[alfredmizen]

So the side supported by Katie Hopkins, Boris and Farage win. Thank you to all the pensioners who have ****ed my future.

Why not thank them for laying the foundations of the prosperous country you live in now , for building it after ww2 out of the ashes of austerity that you couldnt even BEGIN to imagine ? Instead of whining like a 12 year old whos been told he cant stay up late ?

 

[melias shoes]

People with immense life experience and wisdom making sure the younger generations don't repeat the mistakes of the past.

Morning jc

 

[PILTDOWN MAN]

Not asking you to worry.
Just replying to a comment about everyone's pension pots being worthless. Do try to keep up.

Mine is dandy thanks and might even be worth more today.