siampolee
Detective
Alive alive O
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Post by siampolee on Apr 2, 2021 18:55:06 GMT 7
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Post by rgs2001uk on Apr 2, 2021 20:45:25 GMT 7
The markets arent for everyone, widows and orphans spring to mind, not mentioned, they are not a get rich quick scheme. To be perfectly honest, why would any sane person want to invest in them,  . |
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chiangmai
Crazy Mango Extraordinaire
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Post by chiangmai on Apr 3, 2021 5:49:21 GMT 7
That's pretty horrific and just the tip of the iceberg. But those things don't get widely reported so we'll probably never understand the full extent of the problem.
It made me think just how much of a minefield investing is. Apart from the illegal scams, boiler rooms and other wide boys on the bottom end who successful entrap the naïve and the gullible, there's a whole host of more clever scams on the top end, all designed to get punters to part with cash. And of course in the UK the whole process is overseen and punters shepherded by the rules of the UK Gov. Plc., the HMRC, FCA, PRA etc etc. And then there's the venerable society of IFA's, members of whom are all trying to get a slice of the action. Then if you manage to fight your way through that maze you've got big business and markets to contend with, pyramid schemes along with governments and vested interest.
Gawd, it's just as well there aren't that many steel furnaces around! I think I'll go put my paltry sum in the Saffron Walden Building Society and be content with 0.5% per year.
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AyG
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Post by AyG on Apr 3, 2021 7:22:29 GMT 7
Play the market fine but as well as winning one can lose... One doesn't even need to lose to be driven to suicide. Alex Kearns killed himself thinking he'd lost $750,000 trading options. He hadn't. He simply didn't understand how markets work and how the information was reported. www.cbsnews.com/news/alex-kearns-robinhood-trader-suicide-wrongful-death-suit/The long and the short of it is that people with inadequate knowledge and understanding are being encouraged into speculating by the irresponsible brokers who make money out of them. |
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rubl
Crazy Mango Extraordinaire
The wondering type
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Post by rubl on Apr 3, 2021 14:52:58 GMT 7
Anyone interested in Dutch Uncle RublCoins? Now is the time to buy them  |
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3
Crazy Mango
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Post by 3 on Apr 7, 2021 11:14:20 GMT 7
I lost £600 and was quite upset. Luckily for me there was no molten steel around.
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Post by rgs2001uk on Apr 7, 2021 21:55:24 GMT 7
I lost £600 and was quite upset. Luckily for me there was no molten steel around. , just a normal night out for Smokie in BoyzTown, he usually leaves with a happy ending and considers it money well spent. |
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chiangmai
Crazy Mango Extraordinaire
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Post by chiangmai on Apr 8, 2021 5:07:05 GMT 7
I lost £600 and was quite upset. Luckily for me there was no molten steel around. I was loosing that much daily for a while when the markets turned, I'd wake up and look at my holding and think, oh, only -500 today, that's good! But things soon changed and the loss was made good and now we're back in positive territory again. It's all swings and roundabouts, I used to get excited but not any more. But that experience did make me sit up and pay more attention to risk and resulted in me reducing the risks of my holdings. |
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Post by rgs2001uk on Apr 8, 2021 19:59:51 GMT 7
I lost £600 and was quite upset. Luckily for me there was no molten steel around. I was loosing that much daily for a while when the markets turned, I'd wake up and look at my holding and think, oh, only -500 today, that's good! But things soon changed and the loss was made good and now we're back in positive territory again. It's all swings and roundabouts, I used to get excited but not any more. But that experience did make me sit up and pay more attention to risk and resulted in me reducing the risks of my holdings. , only those who have been there and seen that will understand. I used to wipe the sweat from my brow, breath a sigh of relief, and pour myself a stiff one, wow, thank eff only down 6k today, result, 5555. Its only paper money anyway, numbers on a spreadsheet, thankfully I never incurred an actual loss, just a loss of profits. |
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