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FTSE and Mainstream Media

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    FTSE and Mainstream Media

    Why is Mainstream Media obsessed with the FTSE 100?

    Some specialised publications push certain funds, but I don't understand why the MSM don't push USA, and probably China now before the FTSE.

    The USA S&P500 is a much more important index and what I'm currently mostly invested in, as are most people who put their money with their mouth is.

    Interesting tips in this last dip are:

    (1) UK smaller companies such as Henderson. Crashed 40% in a month and paying 5% dividend with good discount
    (2) Liontrust Russia. Good growth companies that also seem to be paying a 5% dividend (too good to be true dodginess going on here though). Russia took a hit with the the Saudi Oil war too.

    #2
    Because most workers of the UK have their pension locked up in the FTSE 100.

    The recent 35% plunge just meant your retirement became a whole lot less exciting. Now you're going to tightening your belt in retirement, raining in the expenses, all the while the government is looking for way to increase taxes.

    A economic reset is coming.. prepare yourself.
    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

    Comment


      #3
      FTSE and Mainstream Media

      Originally posted by scooterscot View Post
      Because most workers of the UK have their pension locked up in the FTSE 100.

      The recent 35% plunge just meant your retirement became a whole lot less exciting. Now you're going to tightening your belt in retirement, raining in the expenses, all the while the government is looking for way to increase taxes.

      A economic reset is coming.. prepare yourself.
      Indeed if you have paid £400K into a pension over the past 30 years - In 2 weeks it’s dropped £150K


      Sent from my iPhone using Contractor UK Forum

      Comment


        #4
        Originally posted by GhostofTarbera View Post
        Indeed if you have paid £400K into a pension over the past 30 years - In 2 weeks it’s dropped £150K


        Sent from my iPhone using Contractor UK Forum
        That's like saying "I put foo into bar and got back meh".

        I fear that Scooterscot is trying to pump crypto though.

        I'm a sucker like he, but always a hodler.

        Comment


          #5
          Originally posted by GhostofTarbera View Post
          Indeed if you have paid £400K into a pension over the past 30 years - In 2 weeks it’s dropped £150K
          Right now for those close to retirement the bigger worry should be able to collect any money at all

          Comment


            #6
            Originally posted by tinopener View Post
            That's like saying "I put foo into bar and got back meh".

            I fear that Scooterscot is trying to pump crypto though.

            I'm a sucker like he, but always a hodler.

            yeah I'm trying the pump a $150 billion marketplace by shilling on cUK. That'll do it.
            "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

            Comment


              #7
              Originally posted by scooterscot View Post
              yeah I'm trying the pump a $150 billion marketplace by shilling on cUK. That'll do it.
              Did not stop you from doing it in Tulipcoin thread...

              Comment


                #8
                get yer purse out - buy some bitcoin - protect your purchasing power before it's too late
                "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

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