Twas 1999.

Economists don't retire... they can't get the sums right to provide enough income for their retirement BOOM BOOM

Hedge fund managers will try to exploit the turmoil like jackals on a carcase but BofE will prop up the banks and see them off.

Normal service will be resumed in a few days/weeks.

There won't be a recession or major job losses.

it was only £500 FFS

interviewer " iggy , do you think you influenced anybody?"
iggy pop " I think I wiped out the 60`S "

you wouldn't say 9/11, The wars in Iraq, Afghan, Balkans, the mass slaughter of people by Idi Amin, The bombing of London 7/7 to name but a few as dark days ?

No you choose us leaving Europe for the long term benefit of its people as your darkest day ? get a f***in grip you nutcase.

Attachment: Must not laugh.jpg (9.85Kb)

"It's not the bullet that's got my name on it that concerns me; it's all them other ones flyin' around marked 'To Whom It May Concern.'"

As posts go, they do not get more sanctimonious than Wisbech's.

Optimistic as ever

Wisbech, posting from Truro.

COYP

I'd advise caution in respect of putting large sums in company's that invest in the shares of precious metal miners. Precious metals can be a decent hedge when there's uncertainty in the market (like now), but they can just as easily fall like a stone. Such investments should really only make up a small proportion of a balanced portfolio.

Also, I'd recommend Investment Trusts, whose shares are traded on the stock exchange, rather than OEICs (Unit Trusts), where the value of the units can be adversely affected if a large investor (say a pension fund) decides to sell, meaning the trust has to sell stock (whether it's at a good price or not) in order to pay them out (plus I don't like the fees they charge).

In anticipation of a possible Brexit I also took a smallish position in the shares of a precious metals Investment Trust on the 14th June and doubled my holding this morning when the market opened. They were up 15% earlier, but now stand at just under 9% and they could well fall further on Monday.

A much better investment has been shares in a food franchise that I've been buying on dips in the price for the last five years. These are currently up over 250% and were hardly rattled by today's shenanigans. The long-term investor will generally beat the short-term trader over time and you sleep a lot easier at night

Edited by bexleydave (24 Jun 2016 6.45pm)

Bexley Dave

Can you hear the Brighton sing? I can't hear a ******* thing!

"The most arrogant, obnoxious bunch of deluded little sun tanned, loafer wearing mummy's boys I've ever had the misfortune of having to listen to" (Burnley forum)