Things to worry about

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Flaccidsteele
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Re: Things to worry about

Post by Flaccidsteele »

Since as long as I can remember I've never been a worrier. Mostly because there are so very few things to actually worry about. I became even less of of worrier once I realized that during times of extreme pessimism I could actually afford to buy some cool stuff.
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Re: Things to worry about

Post by hamor »

it's not as if I painted a rosy picture in that posting.
I thought you did, sorry if I misunderstood.
Loss of life is the biggest loss, one can experience, but let's stick to the finance here :)
Again, having seen what I have and having studied my family history, I am a pessimist.
Most people collecting their inflation adjusted pensions or living off steady stream of dividends would be 'natural' optimists. Everyone has his/hers biases.
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Shakespeare
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Re: Things to worry about

Post by Shakespeare »

"The king might die. The horse might die. I might die.
And perhaps the horse will learn to sing. "

A.E.Brain: ...And perhaps the Horse will learn to Sing.
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Re: Things to worry about

Post by hamor »

you're better educated man, Shakes. My people attributed the story to Moses :shock:
"Speculation is an effort, probably unsuccessfully, to turn a little money into a lot. Investment is an effort, which should be successful, to prevent a lot of money from becoming a little." Fred Schwed " Where are the Customers’ Yachts?"
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big easy
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Re: Things to worry about

Post by big easy »

You want something to worry about? I'm worried about half my money sitting in bonds that are pretty much guaranteed to provide negative real returns for the next 5-10 years. This isn't ballast, it's throwing a drowning man an anchor.
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Re: Things to worry about

Post by flywaysuzy »

Sub zero rates today for German bonds as well.
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Re: Things to worry about

Post by SQRT »

I don't really worry about financial things. More concerned with health issues and the weather
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Re: Things to worry about

Post by Insomniac »

According to polls, the "leave" camp is ahead in the Brexit campaign. The market isn't too happy about it and VDU (which I own) is taking a beating.

http://www.reuters.com/article/us-brita ... SKCN0YZ2FY
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Re: Things to worry about

Post by Shakespeare »

Maybe that, plus Trump, will make Canada look good. :wink:
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Re: Things to worry about

Post by Insomniac »

Shakespeare wrote:Maybe that, plus Trump, will make Canada look good. :wink:
Might make that savings account paying 0.6% look good! :lol:
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Re: Things to worry about

Post by Insomniac »

BBC has forecast results: UK to leave the EU.

The GBP is taking a beating. Going to be a rough day on the markets tomorrow.

The referendum in not binding. Parliament has to repeal the law and most MPs are in favour of remaining. Maybe Cameron will call an election...
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Re: Things to worry about

Post by Shakespeare »

Now all we need is Trump. :roll:
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Re: Things to worry about

Post by gsp_ »

Nikkei down over 7%. :shock:

5 min update: 8.25%!
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Re: Things to worry about

Post by AltaRed »

I am surprised they called it with only about 320 out of 382 polls reporting. But maybe the gurus know the remaining polls can't swing 52/48 to 50/50.
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Re: Things to worry about

Post by gsp_ »

FTSE 100 futures down 10%, DAX futures down 9.5%.
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Re: Things to worry about

Post by deaddog »

Great opportunity for dividend investors.
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Re: Things to worry about

Post by newguy »

gsp_ wrote:FTSE 100 futures down 10%, DAX futures down 9.5%.
Luckily :roll: SP(ES U6) has a 5% overnight limit. I saw it locked at 1999, but I can't believe it's traded off that. No worries, limits gone at the open. The 20% limit takes it down to 1682.

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kcowan
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Re: Things to worry about

Post by kcowan »

Shakespeare wrote:Now all we need is Trump. :roll:
Trump to visit the UK tomorrow looking for more free press coverage...
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Re: Things to worry about

Post by StuBee »

:shock:

I am disappointed. As the end of the quarter was approaching I was looking forward to a very positive portfolio update. Well, probably not.

That been said, savers will do fine, speculators will reap what they have sown, investors will receive a decent wallop though nothing more than they can bear.

At the end of the day, millennials will still want to renew their cell phones (go BCE go!), there will still be lineups at the interac machines (go Banks go!) and cars will still be on the roads (no, I will not sell my O&G and my pipelines).

Being fully invested, I cannot take advantage of the current situation. To those who have cash: "More power to you!" :D

StuBee

P.S. I hope I do not live to regret this post...
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Re: Things to worry about

Post by scomac »

StuBee wrote:
P.S. I hope I do not live to regret this post...
I doubt it. I have been fully invested every other time we were visited by a Black Swan and I'm still here to talk about it.
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scomac
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Re: Things to worry about

Post by scomac »

kcowan wrote:
Shakespeare wrote:Now all we need is Trump. :roll:
Trump to visit the UK tomorrow looking for more free press coverage...
Hmm. I wonder if a real disaster here with this protectionist vote might just give our U.S. friends pause with regards to Mr. Trump?
"On what principle is it, that when we see nothing but improvement behind us, we are to expect nothing but deterioration before us?"
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Re: Things to worry about

Post by Profit not Prophet »

Sounds like a rational thought. But.... it could encourage fence sitting knuckle draggers to join the revolution and tear something down and give it to the man. Unfortunately were the man.

(2016 is developing into a Khmer Rouge year zero feel to it all. Watch out if you have glasses, can read or own a two livestock.... you're no longer a peasant but an enemy of the people :) )
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Re: Things to worry about

Post by gsp_ »

gsp_ wrote:FTSE 100 futures down 10%.
FTSE now down under 2%. I'm bored, didn't buy anything. Going back to bed.
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Re: Things to worry about

Post by Wallace »

The sky is not falling. The Canadian market is recovering fairly quickly although still down somewhat. USA down more presumably because of larger multinational exposure to Europe. European markets down a lot because the EU now has to make major reforms if it is going to survive.

Interesting that the immigrant communities in England voted overwhelmingly to leave. The Indian and Asian communities have been hit hard by EU immigration because it has cut deeply into their share of the immigrant market. There has been little or no immigration from Asia or India for years.

Haven't bought or sold anything. I'm becoming a very lazy investor........
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Re: Things to worry about

Post by flywaysuzy »

Saw an interesting set of bar graphs on the Irish Times, showing the relative ages of remain voters vs leave voters. Remain voters were the young, who had 50+ years to live with their choice, while the leave voters were predominantly the aged, with a short number of years to live with the results of their vote.
Could be an interesting new component for Canadian voter reform, age weighted votes anyone? :)
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