Lagarde's Drift

Heh, there is no pension.

Heh I see what you did there

Yes. Part of the reason I don't trade - I cannot predict lows/highs with any accuracy. I think we are perhaps into another phase of optimistic lunacy.

Smart man, but this view point is not new nor unique for the time. Oh you will care alright (up till the point it actually runs out). Saudi oil is not the same as oil we are finding / producing elsewhere, in that its EROEI is tremendous, extractable for nearly pennies. The Saudis know this, funnily enough.

Yo Mervyn, mine's a pint.

A bit like using a sticking plaster on a leaking dam. At least it'll look good for a little while. Mine's a pint.

Thank you but I would discourage you from injecting a bit of factual knowledge into this thread, makes it boring.

Heh. I love this, it's like sitting in a pub with people spouting off.

Fortunately I've learnt my lesson. There's no way I could have predicted what has happened over the last few sessions. Yes, a bit of a Euro-influenced fillip but not this.

This is a problem with assuming anyone with a mouth has the same intelligence ( or indeed agenda) as anyone else. There is so much crap around it's hard to find a gem when you're thigh deep in it.

No-one. I think that as humans we have one, amongst many, enduring trait which is to think that we are different (or indeed better) than the many many countless human beings that have come before us. Which is why we never learn and history repeats itself. This works on a community, nation and even civilisation level. I blame no-one for what has happened and what will happen, because given the same circumstances, human beings will react the same way. That's just who we are. So, do you contribute to a pension, per chance?

Oh I know who to blame alright. I am just laughing and/or pitying. And don't worry, I have no intention of being stitched up. Do you contribute to a pension scheme per chance?

Thin edge of the wedge. Just the thin edge. Bleed, suckers.

Nah they'll be ok, they have their properties to fund their retirement with, right?

Yes. But strangely enough, the world keeps turning. Stock markets are wonderful in that the boom bust exuberance panic cycles are quicker in turnaround and are therefore more obvious and fun unlike the housing market. My strength is investing on fundamentals and taking profit in portions when the time is right, whilst keeping some cash ready to buy when things become ridiculously cheap (ie blood on the streets). My weakness is when I try to trade, or trade too often, or get emotionally involved and staying in too long, or don't keep any cash aside for opportunities. With respect to the market today, I am increasingly convinced that we will see the mother of all QE with some effect on stocks. I am hoping that GKP will be bought out by the time the effect of this wanes away. Well done on trading without L2, I just cannot see how to do it otherwise.

It will happen and quicker and sooner than most think. I personally think the boomers will be the biggest losers in aggregate during retirement despite being the biggest winners through their working lives. In this respect I feel sorry for them. "Ooh but it's the law." "It's a pension contract" "Surely they can't change it" "I'm entitled, I worked all my life" etc etc ad nauseum Yeah right. Watch and bleed, suckers.

A good way to judge VFM for consumer goods is a price per use. For example, if you set your level at £1 per use, then you would consider that jacket good VFM if you expected to use/enjoy it at least 1000 times. Personally I'd go for a £30 jacket off eBay.

A point I've made before - to have any remote chance of regular success you need to be watching L2 like a hawk. Not my cup of tea, but fair dos.

All good fun on the AIM oiler market this last few weeks. Makes me glad I'm a long term investor. When I started out I was doing hundreds of trades a year and losing money. Last financial year I traded <20 times making best ever profits by disposing of assets held for over a year, will hope to do better this year with even fewer trades. I'm in GKP and yes can see it going lower but am not budging. Good luck to those of you who can play it though, anyone fancy a ride on the XEL roller coaster this morning?

Well at least you'll have somewhere to throw the rubbish when the binmen strike.

DHL pays the staff (and pension) and vehicle costs? Depending on the terms it really may be a good deal for the taxpayer. Unlikely though.... :angry:

Am a customer. Staying tight. Am not walking such a financial tightrope that 2 days causes chaos.

Heck but you sure do post like one. You are right though. Counter productive, this IA was. Ahhh... yes. finally! I know it is late, but at last we have some movement! Personally I think you have come to the wrong conclusion but at least we have some movement!

Yes in the niche bits. I had a bit of a laugh with a friend the other day about our non-existent "knowledge" economy, but for some areas of engineering this is actually true. We are actually world leaders in some engineering bits and bobs.

The idiot troll has a point though. There is no pension, Herr Doctor.