LEAVE the Conservative Party and save your country!

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Comments

  • rick_chasey
    rick_chasey Posts: 75,661



    Your S&P500 Tracker is effectively a tech fund investing the the 'Magnificent 7 Tech Stocks'. They have driven all the returns in that index. You're not getting any diversification any more.


    Sure, but isn't that the point of index funds? It's only ever 10-15% of the index that's driving the returns, but with the index you won't risk missing out on them.
    You miss out on dividends with trackers and dividends form a huge part of overall returns. Less so in the US than the UK where there are diffierent cultures around paying dividends.

    Many people also use trackers as they think they are getting diversification. With the rise of the Magnificent 7 in the US, you are not getting that diversification as the index is now so concentrated in those 7 stocks.

    Trackers have their place but should not be the only solution in a portfolio.
    You do get some dividend.
  • TheBigBean
    TheBigBean Posts: 21,915

    80% with one manager? Yikes.

    I used to do my own stock picking before that so saw 27 stocks as diversifying.

    Very risky but I did very well out of it but in an ideal world would have sold earlier
    It is pretty close.


  • TheBigBean
    TheBigBean Posts: 21,915



    Your S&P500 Tracker is effectively a tech fund investing the the 'Magnificent 7 Tech Stocks'. They have driven all the returns in that index. You're not getting any diversification any more.


    Sure, but isn't that the point of index funds? It's only ever 10-15% of the index that's driving the returns, but with the index you won't risk missing out on them.
    You miss out on dividends with trackers and dividends form a huge part of overall returns. Less so in the US than the UK where there are diffierent cultures around paying dividends.

    Many people also use trackers as they think they are getting diversification. With the rise of the Magnificent 7 in the US, you are not getting that diversification as the index is now so concentrated in those 7 stocks.

    Trackers have their place but should not be the only solution in a portfolio.
    What do you mean? They don't disappear.
  • Sunak today:

    “Well, the people developing this technology themselves have raised the risk that AI may pose and it is important to not be alarmist about this. There is debate about this topic. People in the industry themselves don’t agree and we can’t be certain.

    “But there is a case to believe that it may pose risks on a scale like pandemics and nuclear war and that is why as leaders we have a responsibility to act, to take the steps to protect people and that is exactly what we are doing.”
  • Robert Walters, it gets worse the more you say!

    If you know those guys can I just say I am at the other end of the spectrum to those muppets.

    lol - in a previous life I used to have to deal with that lot. All ex-Page and cvnts to a man.
  • 80% with one manager? Yikes.

    I used to do my own stock picking before that so saw 27 stocks as diversifying.

    Very risky but I did very well out of it but in an ideal world would have sold earlier
    It is pretty close.


    always good to find out that you are smarter than you think :)
  • briantrumpet
    briantrumpet Posts: 20,349
    Maybe, just maybe, they are a bit desperate, and this please won't necessarily lead to a higher quality of tory MP than we've got just now...

  • rjsterry
    rjsterry Posts: 29,551
    🚨Entryism klaxon 🚨
    1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
    Pinnacle Monzonite

    Part of the anti-growth coalition
  • I was joking about Sunak interviewing Musk, but it genuinely was. Weird.
  • pblakeney
    pblakeney Posts: 27,328

    I was joking about Sunak interviewing Musk, but it genuinely was. Weird.

    I thought Sunak would have been getting interviewed regarding future employment.
    The above may be fact, or fiction, I may be serious, I may be jesting.
    I am not sure. You have no chance.
    Veronese68 wrote:
    PB is the most sensible person on here.
  • orraloon
    orraloon Posts: 13,227
    Not a groper or a pincher or a rapist this time but #toryscum gonna keep on scumming

    https://www.theguardian.com/uk-news/2023/nov/03/tory-mp-bob-stewart-racial-hostility-activist-court-told
  • rick_chasey
    rick_chasey Posts: 75,661
    edited November 2023
    Discussing why my mother in law would only ever vote Tory.

    All she could come up with was Brown “reduced the interest rates and that cost us a lot of money” and she’ll never forgive him for that.

    Remarkable. “He should have never given rates responsibility to the BoE”
  • focuszing723
    focuszing723 Posts: 8,151
    edited November 2023

    Discussing why my mother in law would only ever vote Tory.

    All she could come up with was Brown “reduced the interest rates and that cost us a lot of money” and she’ll never forgive him for that.

    Remarkable. “He should have never given rates responsibility to the BoE”


    See, that sounds fair enough to me no matter the reason (financial crisis). That would have been a massive impact on her savings (5% to 0.5%). It would have been for a lot of pensioners, just in the same way you're aggrieved by Nick Clegg's complicit austerity.

    Relative perspective.
  • Pross
    Pross Posts: 43,463
    Just when you think Braverman has got as low as she can she finds new ways to surpass herself. Her latest is that people are sleeping rough on the streets as a lifestyle choice. I generally don’t wish ill on people but I make an exception for her.
  • pblakeney
    pblakeney Posts: 27,328
    Suella Braverman proving beyond doubt that she and the current government have a complete disconnect with the British public.

    "We cannot allow our streets to be taken over by rows of tents occupied by people, many of them from abroad, living on the streets as a lifestyle choice."

    https://www.bbc.co.uk/news/uk-67321319
    The above may be fact, or fiction, I may be serious, I may be jesting.
    I am not sure. You have no chance.
    Veronese68 wrote:
    PB is the most sensible person on here.
  • Pross said:

    Just when you think Braverman has got as low as she can she finds new ways to surpass herself. Her latest is that people are sleeping rough on the streets as a lifestyle choice. I generally don’t wish ill on people but I make an exception for her.

    I'd want to hear the full context to that before making a judgement. That's too much of a sound bite
  • "Nobody in Britain should be living in a tent on our streets. There are options for people who don't want to be sleeping rough, and the government is working with local authorities to strengthen wraparound support including treatment for those with drug and alcohol addiction.

    "What I want to stop, and what the law-abiding majority wants us to stop, is those who cause nuisance and distress to other people by pitching tents in public spaces, aggressively begging, stealing, taking drugs, littering, and blighting our communities."
    https://news.sky.com/story/suella-braverman-wants-to-restrict-use-of-tents-by-homeless-people-according-to-report-12999971
    Context.
  • pblakeney
    pblakeney Posts: 27,328
    edited November 2023
    I agree with her that nobody in Britain should be living in a tent on our streets.
    Is she going to do anything other than take away the tents and leave them sleeping rough?
    The above may be fact, or fiction, I may be serious, I may be jesting.
    I am not sure. You have no chance.
    Veronese68 wrote:
    PB is the most sensible person on here.
  • pblakeney
    pblakeney Posts: 27,328
    I know. Kick all the immigrants to Rwanda and put the homeless on barges.
    I'm kidding but I bet it's not far off.
    The above may be fact, or fiction, I may be serious, I may be jesting.
    I am not sure. You have no chance.
    Veronese68 wrote:
    PB is the most sensible person on here.
  • briantrumpet
    briantrumpet Posts: 20,349
    It's par for the course for the current lot of Tories: make a problem much worse, then take it out on those who are the symptom of the policy.
  • Pross
    Pross Posts: 43,463

    "Nobody in Britain should be living in a tent on our streets. There are options for people who don't want to be sleeping rough, and the government is working with local authorities to strengthen wraparound support including treatment for those with drug and alcohol addiction.

    "What I want to stop, and what the law-abiding majority wants us to stop, is those who cause nuisance and distress to other people by pitching tents in public spaces, aggressively begging, stealing, taking drugs, littering, and blighting our communities."
    https://news.sky.com/story/suella-braverman-wants-to-restrict-use-of-tents-by-homeless-people-according-to-report-12999971
    Context.
    Sorry, you think that gives context?
  • Pross said:

    "Nobody in Britain should be living in a tent on our streets. There are options for people who don't want to be sleeping rough, and the government is working with local authorities to strengthen wraparound support including treatment for those with drug and alcohol addiction.

    "What I want to stop, and what the law-abiding majority wants us to stop, is those who cause nuisance and distress to other people by pitching tents in public spaces, aggressively begging, stealing, taking drugs, littering, and blighting our communities."
    https://news.sky.com/story/suella-braverman-wants-to-restrict-use-of-tents-by-homeless-people-according-to-report-12999971
    Context.
    Sorry, you think that gives context?
    I think the full statement has to be provided, not just "lifestyle choice".
  • pblakeney
    pblakeney Posts: 27,328
    Those on Twitter/X should be able to read the text in full if they can find it.
    Only link I could find (as a non-user) wouldn't open. Deleted?
    The above may be fact, or fiction, I may be serious, I may be jesting.
    I am not sure. You have no chance.
    Veronese68 wrote:
    PB is the most sensible person on here.
  • Jezyboy
    Jezyboy Posts: 3,605

    It's par for the course for the current lot of Tories: make a problem much worse, then take it out on those who are the symptom of the policy.

    If they do as good a job with the people who are homeless as a "lifestyle choice" as they have done with the people who are jobless as a "lifestyle choice"...

    Then I guess we won't be seeing any difference.
  • rick_chasey
    rick_chasey Posts: 75,661
    edited November 2023
    I did once walk past a mass of homeless tents in Westminster after a black tie do. Presumably that’s what’s in her mind when she’s come up with this nonsense.

    If I hadn’t legged it when I got cornered I’d have been mugged, almost certainly.

    Not sure removing their tents would help the situation.

    Is she proposing to spend more money on actual shelters?

    How about running a social welfare system which doesn’t let people fall through the cracks?
  • briantrumpet
    briantrumpet Posts: 20,349

    I did once walk past a mass of homeless tents in Westminster after a black tie do. Presumably that’s what’s in her mind when she’s come up with this nonsense.

    If I hadn’t legged it when I got cornered I’d have been mugged, almost certainly.

    Not sure removing their tents would help the situation.

    Is she proposing to spend more money on actual shelters?

    How about running a social welfare system which doesn’t let people fall through the cracks?


    Yeah, it wouldn't be so bad if they actually funded alternatives properly, and didn't criminalise those already struggling.

    But I suspect her aim remains to appear as heartless as possible, so everyone's outrage will be taken as a win by her.
  • briantrumpet
    briantrumpet Posts: 20,349
    This starts to feel ever so slightly fascish... Dangerous Dogs act imprecision, but with rather more severe consequences for society if interpreted broadly.

  • briantrumpet
    briantrumpet Posts: 20,349
    Having said that, Johnson and Braverman (amongst others) would be first in the firing line.
  • Pross
    Pross Posts: 43,463

    Pross said:

    "Nobody in Britain should be living in a tent on our streets. There are options for people who don't want to be sleeping rough, and the government is working with local authorities to strengthen wraparound support including treatment for those with drug and alcohol addiction.

    "What I want to stop, and what the law-abiding majority wants us to stop, is those who cause nuisance and distress to other people by pitching tents in public spaces, aggressively begging, stealing, taking drugs, littering, and blighting our communities."
    https://news.sky.com/story/suella-braverman-wants-to-restrict-use-of-tents-by-homeless-people-according-to-report-12999971
    Context.
    Sorry, you think that gives context?
    I think the full statement has to be provided, not just "lifestyle choice".
    True. In context it’s a lifestyle choice by people who are often ‘from abroad’.