New Financial Crisis

I can only say that right now is a very good time to invest. End of the tax year and some cheap stocks are available.

If I had a few quid saved up that I didn't need to spend in the next 3+ years, I'd dump it all into a lovely index fund ASAP.
 
With this insight, you must be a very rich man.

Well now, that’s both interesting and funny. Ta.

My post was a response to a guy who was concerned about putting money into his pension when the stock was falling. It was a reassurance to someone who, like many others, was in need of the ‘insight’ I gave to him. I didn’t claim that it wasn’t common knowledge, I just tried to help the bloke.

I find it interesting that I was saying something that I knew a lot of people knew already but I was doing so with kindness and respect to a fellow blue, while you’re just employing cheap sarcasm in a pitiful effort to ridicule a fellow blue and make yourself look clever by bigging up the little you know.

You’re a classic example of the Dunning-Kruger cognitive bias effect. Look it up and you’ll maybe understand why I find you so funny :-D

PS. Rich enough to have sold my company and retired in my mid-50’s to live a happy & fulfilling work-free life in a big house with land in a beautiful rural setting.
Whether that’s ’very’ or not is, of course, subjective.
 
Well now, that’s both interesting and funny. Ta.

My post was a response to a guy who was concerned about putting money into his pension when the stock was falling. It was a reassurance to someone who, like many others, was in need of the ‘insight’ I gave to him. I didn’t claim that it wasn’t common knowledge, I just tried to help the bloke.

I find it interesting that I was saying something that I knew a lot of people knew already but I was doing so with kindness and respect to a fellow blue, while you’re just employing cheap sarcasm in a pitiful effort to ridicule a fellow blue and make yourself look clever by bigging up the little you know.

You’re a classic example of the Dunning-Kruger cognitive bias effect. Look it up and you’ll maybe understand why I find you so funny :-D

PS. Rich enough to have sold my company and retired in my mid-50’s to live a happy & fulfilling work-free life in a big house with land in a beautiful rural setting.
Whether that’s ’very’ or not is, of course, subjective.
I’m so happy for you. Thanks for sharing.
 
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Due to the recent F ups with the Greensill loss and other scandals. CS set their liquidity threshold a lot higher than other banks, but even with that. When every Tom, Dick and Harry gets spooked by some American YouTubers who do not even know where Switzerland is on the map. How ever much money you have in assets cannot stop a run on the bank. The SNB can see the balance sheet and can see that the Swiss business alone is worth 15Bil even though the whole bank can be currently bought for 6 bill. Something underhand is happening.
A friend who works at UBS in London described the mood as bleak yesterday. Two old rivals forced to merge, it just doesn't feel right to those involved. The numbers involved are crazy, wiping $16bn of debt and selling it for less than half of its already very low valuation as of last week and still UBS shares are down.

Not sure there is anything underhand going on - who could have predicted this?

An opportunity to buy UBS stock - possibly! But its such a mess.
 
A friend who works at UBS in London described the mood as bleak yesterday. Two old rivals forced to merge, it just doesn't feel right to those involved. The numbers involved are crazy, wiping $16bn of debt and selling it for less than half of its already very low valuation as of last week and still UBS shares are down.

Not sure there is anything underhand going on - who could have predicted this?

An opportunity to buy UBS stock - possibly! But its such a mess.

 
US Bank First Republic now in serious trouble. Share price down by 90%in a fortnight
There is a run on deposits because the risk profile is poor. For example, 68% of deposits are over the insurance limit and the bank has a high ratio of corporate deposits. It has borrowed large amounts from the Fed and a consortium of banks to shore up its liquidity but this is really a short term measure and there is talk of it being broken up and bought in tranches by other banks. Worrying.
 

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