Suspect Device

Buy on rumour, sell on news. Never subscribed to that philosophy though. I'm more a buy value, hold forever unless it turns to shit kind of investor.

https://uk.finance.yahoo.com/news/the-everyday-things-becoming-more-expensive-after-brexit-101631190.html Chippers to be more expensive after Brexit. Can I change my vote now? Begs the question why are we importing cod and haddock?

Yet again the markets are hitting new heights. Can't wait for the inevitable correction to be blamed on Brexit. Usaully around September/October we have the falls but this year it will all be blamed on the vote.

Lower pound means higher inflation. The auld c***s will be paying more for their pint of milk. Pensioners are well protected in their state pension going up by inflation, average earnings or 2.5%. Whichever's highest.

My SIPP is up 15% since the vote. Most of the FTSE 100 companies are multi nationals and the biggest constituents of a lot of pension schemes. These companies have done well due to the currency revaluing. Also, the auld c***s who are actually drawing their pension won't be affected if they've got an annuity or a final salary pension.

Perhaps they were already planning something like this no matter which way the vote went. I know from reading some financial websites that they have been pessimistic about the outlook for a long time. Also, the government need inflation to reduce their debts. They don't care if the average joe is a bit poorer. The rich will be getting richer and that's all that matters. It's been like that all through the QE after 2008.

Great news for folk with houses and stocks and shares. Not much use for the folk with f**k all money.

I would guarantee that somewhere in the dire predictions, there would have been someone predicting a global recession. World war 3 was predicted so it's not too much of a leap to suggest a global slowdown. The UK economy isn't a large percentage of the global economy but the EU's is. If there is a detrimental effect on the EU due to Brexit then, it might have a ripple effect down the line. But like I've ben saying all along, it's too soon to tell. Give it 3-5 years and we'll know. Much like the independence vote, too many people thought that it would be immediately wealthier or poorer in the days after 'independence day'. Another 2 stories from opposite sides. https://www.theguardian.com/business/2016/aug/03/bank-of-england-urged-to-use-sledgehammer-to-combat-brexit-slump http://www.telegraph.co.uk/business/2016/08/02/uk-will-avoid-recession-in-2016-but-ex-bank-deputy-warns-no-big/

Hmmmmm? http://www.telegraph.co.uk/business/2016/08/01/surging-world-growth-makes-a-mockery-of-brexit-panic/ Still too early to make any rash comments like this IMO.

I blame Brexit for anything going wrong in my life. Doesn't necessarily make it the case though. If it wasn't for Brexit, Aberdeen would have won yesterday. Probably.

I was really talking about all the pant-wetting about short term movements. It will be a long time before we know if this is going to be good or bad for the economy. Shocks causing volatility aren't anything to base your opinions on whether we're doomed or saved by Brexit. Also, it's not just the FTSE100 that has done well this week my portfolio has various different stocks and funds and I'm doing fairly well apart from the bank stock. Only time will tell if that lasts.

Strange that this thread hasn't been added to recently.

My investments are worth £34 more than they were at the start of trading on Thursday morning. So the financial crash for me lasted less than a week. I was down 5% on Friday morning so I'm guesing a few folk sold in a panic and lost a bit of money. And some clever folk got some bargains. That's the markets for you.

I often ask myself that question. What is the point?

It's amazing the number of doom merchants we have now 5 days in. The end of the world as we know it. This turmoil was always going to happen in the immediate aftermath. No-one knows what will happen in the long term. I think that not much will actually change. Britain will still be in the EU in some form and our economy will still be screwed. It would be screwed whether we were in our out.

Bohemians, Hertha Berlin, Atletico Madrid, Bayern Munich, Sigma Olomouc, Daugava Riga, Groningen. I was booked up for Dnipro only for the flight to get cancelled and I should have been in Athens but I had to go into hospital.

Just read in the P&J that my dentist and his wife fell down a cliff in an 'unexplained incident' on Friday. She's dead and he has serious but not life threatening injuries.

It's great news but I've got this nagging feeling that in the 7 years between now and when I can take the cash out, something's going to change and mean that I can't. Eternal pessimism comes with the territory of following a football team I guess. Of course, we're due another stock market crash as well between now and my retirement so that might cock up my plans as well.

I wouldn't rely on that though. There have been rumours that it will be stopped sometime. Although I think it wouldn't affect existing money in your pension. You can never guarantee anything. Pensions are an attractive revenue raiser for the treasury because very few people understand them so don't notice your money getting nicked (like Gordon Brown did).

I've paid into a pension since I was 21. I was told back then (27 years ago) not to rely on the state pension even being around when I retire. It's not quite turned out like that but delaying it until I'm 68 could well mean I'll never see it. I'm a contractor so my 'employer' pays my pension. It was about 10% of income until my income fell dramatically with the oil price. My original plan was to retire at 50 but the government changed the minimum age to 55. Even that looks unlikely now. I have a SIPP and both the wife and me have IS As which was all geared up for retirement but with the benefit of being able to dip into the ISAs in case of emergencies. Glad I did it now. I was aiming for £400k as enough to provide a good standard of living in retirement. Like I said, 55 is unlikely now.

I will gladly chip in cash towards Hibs' fine from the SFA for the pitch invasion. Well played and great to see the scenes at the end.

Why the hatred for Halliday? I have to admit not following lower league football much. What's he done?

That's not what I understand about it. Every child will have a named person to help in any problems they may have whether it's abuse or whatever. My problem is that it is not targetting the problem areas and it is basically saying every child is at risk so treating every parent as guilty and in need of the state to look after their kids. It seems that as usual the SNP want to control everyone because of a minority causing problems. Same as their alcohol pricing and offensive behaviour at football act. It strikes me as too authoritarian. Of course most of my little info on the subject is gathered from the SNP hating media so I am not that well informed but you'd think that the SNP could put out better information to counter the scare stories.

You could put it like that or you could say that the government hasn't explained it very well.

I find it strange that it's always the unionist parties bringing up the subject of another referendum. Can they not move on from it?