Dwight Van Mann 11:13 Thu Jan 21
Are the markets crashing?
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I mean proper crashing. Pensions taken a big hit already.
Can we look forward to lots of traders swan diving off tall buildings and should I start stocking up on tinned food?
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Replies - In Chronological Order ( Show Newest Messages First)
Eddie B
11:14 Thu Jan 21
Re: Are the markets crashing?
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What's that about pensions?
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Dwight Van Mann
11:22 Thu Jan 21
Re: Are the markets crashing?
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Your pension is in trouble (again)
"The more than 5 million workers who every month pay into a stock market-based pension from their salary are worst hit. At retirement, they simply get back what they have paid in plus any investment returns. The FTSE 100 index has slumped by a fifth since hitting an all-time high of 7122 on 27 April 2015, which means pension pots have shrivelled.
The only good news is that your pension is unlikely to be 100% invested in the FTSE 100. A typical workplace pension fund spreads investments across a range of assets, such as bonds and property, and they have not all fared as badly as stocks.
For example, the mainstream shares-based fund run by Legal & General for lots of employers has seen losses of around 12%-13% since April. But pension investors will also have some of their money in the bond portfolio, where losses are just 1%-2%, while the cash element will have gone up, albeit only slightly. This means that overall, workers will have lost around 7%-8% of their pension pot since April – bad news, but not as catastrophic as the headlines suggest."
http://www.theguardian.com/money/2016/jan/20/bear-market-pensions-shares-investments
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Mr Polite
11:25 Thu Jan 21
Re: Are the markets crashing?
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I never understand this stuff - what I want to know is will sterling to US dollar be affected?
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One McAvennieeeeee
11:26 Thu Jan 21
Re: Are the markets crashing?
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If you're going to the states soon, it's a poxy rate at the moment.
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Far Cough
11:27 Thu Jan 21
Re: Are the markets crashing?
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It's great for me, I get paid in dollars
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defjam
11:29 Thu Jan 21
Re: Are the markets crashing?
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Balls not looked at the $ rate for a couple of months, that's proper gone down!
Need to pay for my storm chasing!!!
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Hammer and Pickle
11:30 Thu Jan 21
Re: Are the markets crashing?
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The money the Federal Bank printed for years on end buying up US government debt has created a speculative bubble and hasn't created enough productive jobs, P'lite. Now it's gonna go "wallop!".
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Mr Polite
11:33 Thu Jan 21
Re: Are the markets crashing?
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Going in July.
Held off changing anything up over last few months although have paid accommodation already thankfully.
Guess I'll sit it out and hope it rallies in next few months
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overbyyer
11:36 Thu Jan 21
Re: Are the markets crashing?
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Don't worry Mann
Our cast iron trading relationship with China will save the UK.
Oh.
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Northern Sold
11:39 Thu Jan 21
Re: Are the markets crashing?
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Been trying to pay up a few things for the West Coast trip whilst the rate is not too bad... looking at $1-20'ish by end of year??!!
Now that is SHIT
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neilalex
11:41 Thu Jan 21
Re: Are the markets crashing?
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Gbp/dollar rate is unlikely to improve much in the near future. Carney all but ruled out any rate rise in the UK for at least six months in a speech publicised yesterday. On most meaningful measures the US economy is outperforming the UK and the Fed remains the more likely to raise interest rates, although I doubt they will again any time soon given recent economic data.
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ted fenton
11:42 Thu Jan 21
Re: Are the markets crashing?
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1 British Pound equals
1.42 US Dollar
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Northern Sold
11:45 Thu Jan 21
Re: Are the markets crashing?
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Remember a few GOOD Time when we had over 2 Bucks to a pound (have also been when it was 1.35) .... but on the numerous times I have been going since 1988 I reckon 1.60 is probably a average...
THIS IS MY PERSONAL EXPERIENCE OBVIOUSLY AND NOT SOME CUNTY CITY SPOT DEALER SPECIALISING IN USD/GBP
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overbyyer
11:48 Thu Jan 21
Re: Are the markets crashing?
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Classic Sold
Fuck the crashing markets - will I still get a good deal when I go stateside!
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Far Cough
11:50 Thu Jan 21
Re: Are the markets crashing?
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I can remember when it was four dollars to the pound, we used to call 5 shillings a dollar
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Johnson
11:53 Thu Jan 21
Re: Are the markets crashing?
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They seem to be.
Bit of light panic at my mob.
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Northern Sold
11:53 Thu Jan 21
Re: Are the markets crashing?
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overbuyer..... well.. I mean it will make the difference in me getting Moon over my hammy's or a Grand Slam Breakfast in Denny's... these things are important
Fucking hell Cough you are older than time itself....
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Far Cough
11:54 Thu Jan 21
Re: Are the markets crashing?
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I was at the White Horse final as well
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charleyfarley
12:11 Thu Jan 21
Re: Are the markets crashing?
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Not a crash a correction
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Northern Sold
12:22 Thu Jan 21
Re: Are the markets crashing?
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Good time to buy Lioyds shares??
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