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What does prorogation mean for your money?
Posted: Thu Aug 29 2019 6:11pm
by Richard Frost
MoneyWeek's executive editor, John Stepek says “I'd expect turbulence over the next couple of months, certainly. But if you're an active investor and stock picker, I'd use that time to build up your cash reserves and make a watchlist of stocks that you want to buy. This is the kind of torrid atmosphere that creates buying opportunities for quality companies at unusually low valuations."
Re: What does prorogation mean for your money?
Posted: Thu Aug 29 2019 6:19pm
by BeautifulSunshine
The question is which shares to keep an eye on?
Re: What does prorogation mean for your money?
Posted: Thu Aug 29 2019 7:30pm
by rayf
Brexit
-------
the pound is well down against the euro
shares are well down in value
combine these two together and....
altogther I think the average share real value is about half of what it was a year ago
Re: What does prorogation mean for your money?
Posted: Thu Aug 29 2019 7:33pm
by rayf
UK companies are ripe for take-overs from continental companies - they must be gloating!
Re: What does prorogation mean for your money?
Posted: Thu Aug 29 2019 10:08pm
by Boro Boy
Re: What does prorogation mean for your money?
Posted: Thu Aug 29 2019 10:24pm
by rayf
Boro Boy wrote: ↑Thu Aug 29 2019 10:08pm
rayf wrote: ↑Thu Aug 29 2019 7:33pm
UK companies are ripe for take-overs from continental companies - they must be gloating!
What!?! Who told you this? The same persons who said know one would invest in Britain because of Brexit???
1 year ago
120 Euro = £100 could buy
100 shares of a certain stock at £1 per share.
today
120 Euro = £120 can buy
240 shares of the same stock at 50p per share.
These are approximations but you get the picture. Its not rocket science. If my savings were in euros, I know what I would do.
What do you think European investment companies will do?
Re: What does prorogation mean for your money?
Posted: Thu Aug 29 2019 10:55pm
by Boro Boy
rayf wrote: ↑Thu Aug 29 2019 10:24pm
Boro Boy wrote: ↑Thu Aug 29 2019 10:08pm
rayf wrote: ↑Thu Aug 29 2019 7:33pm
UK companies are ripe for take-overs from continental companies - they must be gloating!
What!?! Who told you this? The same persons who said know one would invest in Britain because of Brexit???
1 year ago
120 Euro = £100 could buy
100 shares of a certain stock at £1 per share.
today
120 Euro = £120 can buy
240 shares of the same stock at 50p per share.
These are approximations but you get the picture. Its not rocket science. If my savings were in euros, I know what I would do.
What do you think European investment companies will do?
On the serious side: it's not just about numbers! It's about prospects for future growth, any external investment is telling us that the prospects post-Brexit are rosy!
They are putting their money where the prospects are so I'm kinda guessing that means they know what they are doing!
Re: What does prorogation mean for your money?
Posted: Thu Aug 29 2019 11:26pm
by rayf
Boro Boy wrote: ↑Thu Aug 29 2019 10:55pm
On the serious side: it's not just about numbers! It's about prospects for future growth, any external investment is telling us that the prospects post-Brexit are rosy!
They are putting their money where the prospects are so I'm kinda guessing that means they know what they are doing!
Rosy for who? Not for anybody in the UK. Everything we own is being devalued day by day. Certainly a good investment for anybody outside the UK in the prospect that there may be some level of recovery.
They can't really lose.
Re: What does prorogation mean for your money?
Posted: Fri Aug 30 2019 1:00am
by Sarah
Yep, it's a green light to asset-strip the UK.
Re: What does prorogation mean for your money?
Posted: Fri Aug 30 2019 6:27am
by pabenny
How about sticking to the question in the OP rather than rehearsing entrenched positions about Brexit.