Hanky feels like a midget is hanging from my necklace
Registered: Sep 2003 Posts: 20217 - Threads: 619 Location: london, guernsey, france and elsewhere
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| mmm pie wrote on 24-10-2014 09:46 PM
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| Hanky wrote on 24-10-2014 02:04 PM
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| mmm pie wrote on 24-10-2014 01:05 PM
Can't see myself investing (financial markets wise). Like most people, id be an amateur playing a pro's game and absolutely ripe to get fucked over. I'll stick to what I know thanks.
Yeah I'm good at saving
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This is something that annoys me, working in the industry as I do. It seems that people have a (misplaced imo) belief that there is a mystery to investing. I'd say that more than ever investments are clear and the decisions surrounding them easy to make.
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I agree with you actually. . I don't think there is a mystery to investing and I do think it's got much easier to understand with many new start ups making that possible.
In terms of frequent trading of stocks and shares across the various asset classes, I don't understand it well enough to make intelligent decisions and finance workers do speak a different language. For example, you said you have been investing in autocallable structured products. So I looked that up and got this...
http://www.sdgm.com/support/glossary.aspx?term=Autocallable
It's language like that which puts people off.
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Yeah a structured product can be pretty complicated, as it is a derivative. When I speak to clients about them I tend not to focus on what they are, but rather I talk about what they do (they tend to have a defined benefit) and the risks associated with them, plus the required performance (their redemption depends on the performance of a number of underlying assets). When spoken about in those terms, they are pretty simple.
For the average retail investor the fund supermarkets are extremely simple and easy to understand. Failing that, use a discretionary manager. Simples.
Life is far too important to be taken seriously
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