Michaeldyn Posted January 20, 2016 Share Posted January 20, 2016 stockmarket round the world has taken a big hit last few months, what does it mean to you Link to comment Share on other sites More sharing options...
Anna B Posted January 20, 2016 Share Posted January 20, 2016 (edited) God knows! We're still in a mess from the last crash. Is there anything left in the piggy bank to cushion the blow this time? With the markets so uncertain investing is like Russian roulette these days, and no interest on savings is a killer for those on fixed incomes. Security is a thing of the past. Most people won't understand what it means until they need some of the essential services which have been slashed to ribbons, and realise that more and more things are now out of reach. The world is changing and in the long term we have to change too to adapt. We need new systems and ways of doing things otherwise we are going to have a dystopian future of 'haves' and 'have nots,' like something out of the Hunger games. Edited January 20, 2016 by Anna B Link to comment Share on other sites More sharing options...
banjodeano Posted January 20, 2016 Share Posted January 20, 2016 I wonder if when it crashes, will it be the Tories fault, the last time it crashed and Labour were in power, it was their fault Link to comment Share on other sites More sharing options...
Dubaidani13 Posted January 20, 2016 Share Posted January 20, 2016 stockmarket round the world has taken a big hit last few months, what does it mean to you not a lot until you have to sell! markets always bounce back,although if you pick the right stocks its the perfect time to buy. hold on to gold. Link to comment Share on other sites More sharing options...
MLAR Posted January 20, 2016 Share Posted January 20, 2016 not a lot until you have to sell! . Unless you are about to retire.... Link to comment Share on other sites More sharing options...
Anna B Posted January 20, 2016 Share Posted January 20, 2016 I wonder if when it crashes, will it be the Tories fault, the last time it crashed and Labour were in power, it was their fault Exactly.... I can't believe the Conservatives are still peddling this rubbish and getting away with it, when they have borrowed more than the Labour party, doubled the debt, shredded services, and done absolutely nothing to curb the banks. Link to comment Share on other sites More sharing options...
Dubaidani13 Posted January 20, 2016 Share Posted January 20, 2016 Unless you are about to retire.... more fool you if its all in stocks !! Link to comment Share on other sites More sharing options...
MLAR Posted January 20, 2016 Share Posted January 20, 2016 more fool you if its all in stocks !! Many people don't control what their pension funds invest in. I'm comfortably retired at 52, btw:) Link to comment Share on other sites More sharing options...
foxy lady Posted January 20, 2016 Share Posted January 20, 2016 I wonder if when it crashes, will it be the Tories fault, the last time it crashed and Labour were in power, it was their fault It wasn't Labour's fault that world finances crashed. It was however Labour's fault that they hadn't made provision for it. I note that the UK is currently enjoying a reduced deficit, a record level of employment and continued growth despite world events. Contrast that to 8% contraction in GDP in 2008/2009. That's the difference. Link to comment Share on other sites More sharing options...
Obelix Posted January 20, 2016 Share Posted January 20, 2016 stockmarket round the world has taken a big hit last few months, what does it mean to you It's good news. It means shares are cheap to buy and you get a better P/E ratio when you do. Of course if you are in the situation where you have to sell shares now you have a problem. But you never want to be in a situation where you *must* sell shares in the next couple of years anyway. ---------- Post added 20-01-2016 at 23:29 ---------- Unless you are about to retire.... But you or rather your pension plan should have started moving you out of shares a good while before your vesting date..... ---------- Post added 20-01-2016 at 23:37 ---------- Exactly.... I can't believe the Conservatives are still peddling this rubbish and getting away with it, when they have borrowed more than the Labour party, doubled the debt, shredded services, and done absolutely nothing to curb the banks. I can't believe you are still peddling this rubbish Anna. 1. No one blames Labour for the crash. They blame Labour for being unprepared for it 2. They had no choice but to double the debt - that IS a hangover from Labours mismanagement and will be for a couple of decades 3. Theya re pruning services back to where they were before Labour went on it's spending spree. That's all. Blame Labour for buying votes... 4. They've passed more anti bank legislation than LAbour ever did. But that's generally ignored by you as it doesn't fit with your world view. http://www.bbc.co.uk/news/business-21987829 http://www.legislation.gov.uk/ukpga/2009/1/contents https://www.gov.uk/government/collections/banking-act-reports https://www.gov.uk/government/news/chancellor-confirms-manipulation-of-key-forex-benchmark-to-be-made-a-criminal-offense https://www.gov.uk/government/consultations/bail-in-powers-implementation-including-draft-secondary-legislation ....just a few of them.... Link to comment Share on other sites More sharing options...
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