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Northern rock

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Yoshi:
Well it seems the way this country is going, first the postal workers strike cos they are asked to actually work the hours they get paid for, and now people who invest money want the government to compensate them cos they made a stupid decision!

Definately time to leave!

DiscoveRay:
Panda wrote:

So how about if they buy shares and they do really well and they make loads of profit do we get to see some of that money??

Yes, it's called Capital Gains Tax.

Ray

Eeyore:

--- Quote from: "Range Rover Blues" ---

Well I'm sorry but if you gamble your life savings on the stock exchange you get what's coming to you, good or bad.  I havn't got the money to invest heavily but even I know it's not guaranteed to make money.

I feel sorry for the folks with money on deposit but the bank of England is only supposed to back up the first £30,000 or so IIRC, again people with that much money being compensated by the tax payer :?

But shareholders I've no sympathy with at all, one guy was saying he's lost £90,000 worth of shares now as the takeover bid valued them at £6,000.  Boo-hoo, I never had £6,000 to invest and if I had I'd not have been so greedy with it.

What say you all?
--- End quote ---


I'd say 'pick your words with care, neighbour'.   :wink:

Above is a great example of what happens when you lump eveyone into the same barrel.

A state pension is worth approximately seven tenths of jack-all. So chances are folk will have a pension plan. This will be based on money they've saved and handed to an investment corp. Where do they invest? In stocks and shares.

I have a pension. I also have a subsidary investment squirreled away so I can (hopefully) have a better pension - 'cos dude, noone wants to be working till they're 90!. Does that make me 'greedy'? The words above say yes. And I take offense at that, because it isn't true.

Please try and remember that some of the folk that complain the loudest about loosing 90K are probably the ones who have been squirreling cash away for a long time - it's possibley their pension fund. Just because they're better savers the me or thee doesn't make all investors money-grabbing fat-cats. Don't get me wrong, some will have invested simply to increase their wealth or distribute there enormour reserves over more funds, but that isn't everybody - not by a long chalk.

Now, the fact that Joe Public is expected to prop a bank up to the tune of 23 billion, could well be an issue, but it perhaps isn't best practice to have an unecessary go at investors - it may be 'misguided' at best.  :wink:

Cheers
 8)
Eeyore

davidlandy:
I agree with Eeyore on this one

its not bad to be Thrifty and save for the future , and most investment plans involve the shares scene.

TechnoTurkey:
Slightly offended by the implication that anyone with shares who loses them is 'greedy' in the first place.

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