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Stock Market 2022

Discussion in 'off topic' started by Ponty, Jan 6, 2022.

  1. Ponty

    Ponty pfm Member

    It’s meaningless these days. Anyone with a salary and a pulse can drive a new ‘exec’ car every few years. I more often than not find house value and car value are inversely proportional.
     
  2. matt j

    matt j pfm Member

    Well I couldn't, you still need to be on a above average wage- like mortgages they don't just give them to anyone willy nilly.
     
  3. paulfromcamden

    paulfromcamden Baffled

    If it's any consolation I don't think my 10 year old moped is going to impress the Jones.
     
  4. Joe Hutch

    Joe Hutch Mate of the bloke

    That's not the case with the Aston Marin owner. His house is the biggest and almost certainly the most expensive in the road. (I don't know how much Aston Martins go for these days, but I'm guessing they cost more than VW Polos).
     
  5. paulfromcamden

    paulfromcamden Baffled

    £70k Porsche seems to be around a grand a month so about £15k of pre-tax salary assuming someone is on basic rate. That would be a big chunk of most people's income.
     
    matt j likes this.
  6. Ponty

    Ponty pfm Member

    Car finance is incredibly easy to get. If the prime lenders won’t do it, plenty of others will. Dealers / manufacturers need to sell cars. In the old days, any large balance needed a look in the eye from the local underwriter. Now, it’s all credit score driven and pretty slack as it’s a secured asset.
     
  7. matt j

    matt j pfm Member

    It's easy if you earn enough yes, you've still got to pay it.
     
  8. andyoz

    andyoz pfm Member

    Yes, that was the line dealers were using in 2021..."Hey, take out our finance deal and invest the money you've saved...it's easy". Of course, many would have pumped that money into 2021's super hot stock market (and Crypto) so that plan has gone well.

    The whole PCP era has allowed manufacturers to option the hell out of cars or push the crazy money SUV models as no one looks at sticker price anymore. There's also the simple fact many new cars are boring as dishwater to actually drive.
     
  9. andyoz

    andyoz pfm Member

    I know 'growth' is all dead and that (for now LOL) but surely the likes of EWI and SMT are worthwhile long term buys now.

    I still don't understand why in 2021 so many thought growth was on the cards and were pricing shares accordingly.
     
  10. Joe Hutch

    Joe Hutch Mate of the bloke

    Probably for the same reasons that both of the main UK political parties were concerned only with investing 'the products of growth' just ahead of the 2008 financial crisis. Wishful thinking, plus greed.
     
  11. Ponty

    Ponty pfm Member

    Well, they’ve always been volatile and not designed to hold short term. Look at the long term graphs. Depends on your timeframe of course but this is where the innovation comes from, the pace of which is accelerating all the time. I’m looking 5 - 10 years from now and think it’s good to have a % of this stuff. If you believe in what they do and don’t buy when they’re down, when do you buy? As far as big tech is concerned, I feel it’s oversold. Big companies today who don’t continually invest will be small companies tomorrow. I know a lot of people in the sector and they are all flat out.
     
    NeilR likes this.
  12. andyoz

    andyoz pfm Member

    Yes, I dipped my toe into them the last 6 months as they started to fold but held most back as it all seemed too frothy..
     
  13. Ponty

    Ponty pfm Member

    Yes, I was well up, now well down. That’s just what it does and often quickly but I’m not really interested in that, I’ll look at it in 5 years.
     
  14. andyoz

    andyoz pfm Member

    The markets are nuts...they go from blue skies forever to total shit show in months.

    I've always held the premise that the western world has just gone thru it's LEAST productive time in history so how come markets were so good. There was only one reason....Manipulation of money supply...I'm starting to buy back in now but with stuff only back to Feb 2020 levels I still don't really 'buy it' as the world economy wasn't all that great pre-Covid.
     
  15. Ponty

    Ponty pfm Member

    Well yes, you can’t print a ton of money without consequences. What I do know is that the world will keep turning, evolving and moving forward at unprecedented pace and I want to be a part of that. It makes my mind boggle what could happen over the next 20 years when you look at the changes over the last 20.
     
  16. andyoz

    andyoz pfm Member

    I sat watching my lad on his VR thing last night and kept thinking of this movie 'Brainstorm' I used to watch on VHS in the 80's

     
  17. andyoz

    andyoz pfm Member

    I said in the 2020 thread that we could be back to the 70's and it sure as hell feels alot like we are!

    Energy prices, Inflation and Workforce Strikes are the buzzwords now...with a dose of dot com bust thrown in.
     
  18. Ponty

    Ponty pfm Member

    ‘War Games’ was on the other day. Worth watching!
     
  19. andyoz

    andyoz pfm Member

    Yeah, I had visions of myself as Matthew Broderick with my Tandy TRS 80!
     
  20. Ponty

    Ponty pfm Member

    Seems Russia has no shortage of customers. We won’t buy their oil but will buy tat from the Chinese, who’ll use said oil to make said tat. I see 2 winners here, and one of them isn’t us.

    https://www.bbc.co.uk/news/business-61861849
     

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