As a banker I’m sure you’d love everyone to agree with that. Unfortunately they don’t and more and more people are starting to realise they’re being robbed blind by banks. Funny how banks used to pay decent interest before getting even greedier.
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Gareth Barry Conlon
Well-Known Member
- Joined
- 5 Sep 2014
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Good luck with your crypto investments.As a banker I’m sure you’d love everyone to agree with that. Unfortunately they don’t and more and more people are starting to realise they’re being robbed blind by banks. Funny how banks used to pay decent interest before getting even greedier.
A couple of weeks ago Greyscale were discounted by around 20%, they have applied to turn the trust into a ETF, if allowed the gains are expected to considerableI have about £50K in there that I plan on leaving for as long as foreseeable.
They are not charging much interest either are they? Wonder why?As a banker I’m sure you’d love everyone to agree with that. Unfortunately they don’t and more and more people are starting to realise they’re being robbed blind by banks. Funny how banks used to pay decent interest before getting even greedier.
Kippaxpete
Well-Known Member
Some advice required please. Many (blue) moons ago I received windfall shares from a well known high street bank. Due to a combination of stupidity and laziness I neglected to cash them in when they were actually worth something. Due to various reasons, their value has significantly deteriorated over the years and responsibility for their administration now lies with a share dealing company who are charging me an annual fee for simply sitting on them. Can anyone with experience in this field offer some advice as to what I should do? Should I just cut my losses and sell or is it worth a punt on the markets and, if so, can someone recommend either a particular share or an asset management product? I should add that their value is now in the hundreds.
abu13
Well-Known Member
I find myself in a fortunate position where I am now able to put a good amount away each month into investments. I have recently paid off my Mortgage and outstanding debts so have around £1000 a month available.
I have seen my Vanguard account drop by around 10% in the last 3 weeks and have seen my pension drop by around 8%.
I was going to split the money between the two but now think I may be better holding the cash while the markets continue to drop.
I have seen my Vanguard account drop by around 10% in the last 3 weeks and have seen my pension drop by around 8%.
I was going to split the money between the two but now think I may be better holding the cash while the markets continue to drop.
CheersGood luck with your crypto investments.
ChicagoBlue
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- Joined
- 10 Jan 2009
- Messages
- 18,302
You can start to “average in” right now, while share prices are correcting/adjusting/repricing.I find myself in a fortunate position where I am now able to put a good amount away each month into investments. I have recently paid off my Mortgage and outstanding debts so have around £1000 a month available.
I have seen my Vanguard account drop by around 10% in the last 3 weeks and have seen my pension drop by around 8%.
I was going to split the money between the two but now think I may be better holding the cash while the markets continue to drop.
Cash: Interest minus inflation is currently a negative number, so you are losing money on that with no upside potential for the foreseeable future.
Grab yourself a low cost, large, tech-heavy ETF if you’ve no other investment ideas. MGK is a US one, but there may be something similar available over there.
tolmie's hairdoo
Well-Known Member
There is nothing to back that up. Crypto could disappear as quickly as it started. It has a fundamental flaw that investors can only make money from the inflow from new investors. It is 100% reliant on its own hype. At best its value could become stable.
So like a Ponzi scheme, then?
ChicagoBlue
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- 10 Jan 2009
- Messages
- 18,302
Can you please explain to us all how ANY (non-dividend) STOCK goes up in price on the secondary market?There is nothing to back that up. Crypto could disappear as quickly as it started. It has a fundamental flaw that investors can only make money from the inflow from new investors. It is 100% reliant on its own hype. At best its value could become stable.