What does prorogation mean for your money?

Discussion of the proposed Cashback Investment Club

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William Joseph1
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What does prorogation mean for your money?

Post by William Joseph1 » Thu Aug 29, 2019 6:11 pm

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."
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Re: What does prorogation mean for your money?

Post by AAAlphaThunder » Thu Aug 29, 2019 6:19 pm

The question is which shares to keep an eye on?
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Re: What does prorogation mean for your money?

Post by rayf » Thu Aug 29, 2019 7:30 pm

Brexit :?:
-------

the pound is well down against the euro :thumbdown:
shares are well down in value :thumbdown:

combine these two together and....

altogther I think the average share real value is about half of what it was a year ago :thumbdown: :thumbdown: :thumbdown: :thumbdown:
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Re: What does prorogation mean for your money?

Post by rayf » Thu Aug 29, 2019 7:33 pm

:o UK companies are ripe for take-overs from continental companies - they must be gloating! :think:
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Re: What does prorogation mean for your money?

Post by Boro Boy » Thu Aug 29, 2019 10:08 pm

rayf wrote:
Thu Aug 29, 2019 7:33 pm
:o UK companies are ripe for take-overs from continental companies - they must be gloating! :think:
What!?! Who told you this? The same persons who said know one would invest in Britain because of Brexit??? :lol: :lol: :lol:

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Re: What does prorogation mean for your money?

Post by rayf » Thu Aug 29, 2019 10:24 pm

Boro Boy wrote:
Thu Aug 29, 2019 10:08 pm
rayf wrote:
Thu Aug 29, 2019 7:33 pm
:o UK companies are ripe for take-overs from continental companies - they must be gloating! :think:
What!?! Who told you this? The same persons who said know one would invest in Britain because of Brexit??? :lol: :lol: :lol:
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?
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Re: What does prorogation mean for your money?

Post by Boro Boy » Thu Aug 29, 2019 10:55 pm

rayf wrote:
Thu Aug 29, 2019 10:24 pm
Boro Boy wrote:
Thu Aug 29, 2019 10:08 pm
rayf wrote:
Thu Aug 29, 2019 7:33 pm
:o UK companies are ripe for take-overs from continental companies - they must be gloating! :think:
What!?! Who told you this? The same persons who said know one would invest in Britain because of Brexit??? :lol: :lol: :lol:
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!

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Re: What does prorogation mean for your money?

Post by rayf » Thu Aug 29, 2019 11:26 pm

Boro Boy wrote:
Thu Aug 29, 2019 10:55 pm

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.
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Re: What does prorogation mean for your money?

Post by Sarah » Fri Aug 30, 2019 1:00 am

Yep, it's a green light to asset-strip the UK. :thumbdown:

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Re: What does prorogation mean for your money?

Post by pabenny » Fri Aug 30, 2019 6:27 am

How about sticking to the question in the OP rather than rehearsing entrenched positions about Brexit.

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