FTSE100 is 10% higher than 1 month ago

[Seagull58]

Yes - but (assuming this is a DC/money purchase pot) you will find that the new economic strategy has materially reduced what your pension will be worth in the future. If you want to buy an annuity, you'll find it now costs around £100k for every £2.5k of annual pension (ie, for an annual inflation-linked pension of £25k pa, you will need £1m). Plus - monetary easing of the like we are now seeing, coupled with the exchange rate declines, mean that inflation will be higher in the future, eating into the nominal value of your savings. Believe me, every saver is now materially worse off than hey were three weeks ago.

It's a SIPP, it's well diversified and I'm in income drawdown. I'm NOT worse off than I was 3 weeks ago whatever you may say.

 

[graz126]

I only ask for less negativity. yes, I agree the remain has the right to carry on wanting to remain. but instead of moaning about the choice that is made. aint it time to start promoting reasons to re-join. after all re joining will always be an option. despite the remain campaigns scare mongering. or do we only look into the leave campaign lies. as I said time to move on.

 

[Jim in the West]

It's a SIPP, it's well diversified and I'm in income drawdown. I'm NOT worse off than I was 3 weeks ago whatever you may say.

Glad to hear that - but you are probably one of the lucky few

 

[Jim in the West]

I only ask for less negativity. yes, I agree the remain has the right to carry on wanting to remain. but instead of moaning about the choice that is made. aint it time to start promoting reasons to re-join. after all re joining will always be an option. despite the remain campaigns scare mongering. or do we only look into the leave campaign lies. as I said time to move on.

One step at a time! I think we (Remainers) have to accept the result - no matter how flawed we think it was - and campaign for Brexit-lite (or Brexit-very-lite). If we achieve a soft Brexit, we may find this to be an acceptable compromise. If we end up with full-on Farage-style Brexit, then I think the arguments for re-joining will become self-evident.

 

[spence]

One step at a time! I think we (Remainers) have to accept the result - no matter how flawed we think it was - and campaign for Brexit-lite (or Brexit-very-lite). If we achieve a soft Brexit, we may find this to be an acceptable compromise. If we end up with full-on Farage-style Brexit, then I think the arguments for re-joining will become self-evident.

How was it flawed when everyone had the right to vote and the majority voted out? If anything it was the Remainers who used dirty tactics and scaremongering.

 

[TSB]

The dollar or Euro value is irrelevant. It's mumbo jumbo.

In a thread full of absolute gash, that statement still stands out. Bravo.

 

[beorhthelm]

Can someone please explain to me what FTSE100/250 and all that actually mean?

FTSE100 is an index of the 100 largest valued companies on the UK stock market. the FTSE250 is the next 250 largest. due to the many international companies listing their company in the UK market, the FTSE100 is more reflective of the global economy, while the FTSE250 is a better reflection of the UK economy.

 

[Seagull58]

In a thread full of absolute gash, that statement still stands out. Bravo.

Of course, you have completely ignored the context in which my statement was made, BRAVO. Keep on talking everything down but you still won't get your wish - economic meltdown.

 

[Poyningsgull]

Everyone is harping on about the FTSE250 being a better indicator, and I notice that it is also higher than it was a month ago.

Over to the doom mongers.

 

[Tubby-McFat-Fuc]

Everyone is harping on about the FTSE250 being a better indicator, and I notice that it is also higher than it was a month ago.

Over to the doom mongers.

I was waiting for someone to point out this fact. In a thread full of people trying to make themselves sound intelligent without actually knowing **** all what they are talking about, you sir, have just won post of the month!!!

 

[Poyningsgull]

I was waiting for someone to point out this fact. In a thread full of people trying to make themselves sound intelligent without actually knowing **** all what they are talking about, you sir, have just won post of the month!!!

Please enlighten me. And for the record I was not trying to sound intelligent, just quoting what I see on the financial pages.

 

[Notters]

f anything it was the Remainers who used dirty tactics and scaremongering.

 

[TSB]

Of course, you have completely ignored the context in which my statement was made, BRAVO. Keep on talking everything down but you still won't get your wish - economic meltdown.

You didn't give any context. That was your full post.
Just because someone disagrees with you, it does not mean they necessarily want economic meltdown. Just as you disagreeing with me does not necessarily make you a sun-reading, leave-voting, farrage-loving, xenophobic ****.

Everyone is harping on about the FTSE250 being a better indicator, and I notice that it is also higher than it was a month ago.

Over to the doom mongers.

Your point was addressed by myself and countless others at the beginning of the thread.

 

[Poyningsgull]

You didn't give any context. That was your full post.
Just because someone disagrees with you, it does not mean they necessarily want economic meltdown. Just as you disagreeing with me does not necessarily make you a sun-reading, leave-voting, farrage-loving, xenophobic ****.



Your point was addressed by myself and countless others at the beginning of the thread.

It's still higher though.

 

[larus]

How was it flawed when everyone had the right to vote and the majority voted out? If anything it was the Remainers who used dirty tactics and scaremongering.

It's flawed because they didn't get the result they wanted.

 

[Machiavelli]

Everyone is harping on about the FTSE250 being a better indicator, and I notice that it is also higher than it was a month ago.

Over to the doom mongers.

I'm not a doom monger, but was a Remain-supporter.
My view is that there isn't a single indicator, there are several, but if you think things are that sunny can I mention:
-- the pound/dollar rate
-- the pound/euro rate
-- consumer confidence
-- business confidence
-- purchasing index
-- estate agent reports of massively decreased activity

There are several other economic indicators that others more clued up about such things will be able to identify. And outside of economics, can I just point to the perception of this declining nation amongst other countries, which has its sovereignty back when we're living in a post-sovereignty world, and we've now got Boris Johnson as Foreign Secretary. We've also not only substantially increased the number of diplomats, bureaucrats, lawyers, etc that will be involved in Brexit in the UK, and in the world. And one last thing: there are numerous challenges that we are confronted with, both internally and in foreign affairs, and we're going to spend the next two-and-a-half/three/five/ten/whatever years focusing on this.

 

[Seagull58]

You didn't give any context. That was your full post.
Just because someone disagrees with you, it does not mean they necessarily want economic meltdown. Just as you disagreeing with me does not necessarily make you a sun-reading, leave-voting, farrage-loving, xenophobic ****.




Your point was addressed by myself and countless others at the beginning of the thread.

There were 3 or 4 posts in an ongoing discussion leading up to that one. The context was:
The point that was being discussed was the fact that the FTSE has gone up in sterling terms but down in dollar terms. The dollar value is pretty much irrelevant to nearly everyone on NSC (and in the UK) because their pension pots and other investments are denominated in sterling.
My portfolio is in sterling and I draw income in Sterling. It is irrelevant to revalue the portfolio in dollars or euros and then say "it's gone down".

 

[BigGully]

I'm not a doom monger, but was a Remain-supporter.
My view is that there isn't a single indicator, there are several, but if you think things are that sunny can I mention:
-- the pound/dollar rate
-- the pound/euro rate
-- consumer confidence
-- business confidence
-- purchasing index

There are several other economic indicators that others more clued up about such things will be able to identify. And outside of economics, can I just point to the perception of this declining nation amongst other countries, which has its sovereignty back when we're living in a post-sovereignty world, and we've now got Boris Johnson as Foreign Secretary. We've also not only substantially increased the number of diplomats, bureaucrats, lawyers, etc that will be involved in Brexit in the UK, and in the world. And one last thing: there are numerous challenges that we are confronted with, both internally and in foreign affairs, and we're going to spend the next two-and-a-half/three/five/ten/whatever years focusing on this.
-- estate agent reports of massively decreased activity

Deep breaths .............................................. in through your nose and out through your mouth ....................... better now

 

[Machiavelli]

Deep breaths .............................................. in through your nose and out through your mouth ....................... better now

I'm fine. But I'm concerned about you, as I am with any poster that uses that winking icon.

 

[yxee]

Anyone who cites consumer confidence as an economic indicator should be sure that the statistics correct for the project fear self fulfilling prophecy effect. Of course confidence is down, anyone who believed them head had their confidence obliterated!