UK Brexit - should the UK leave the EU?
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Traders definitely lose money with the market falls - they are responsible to keep the market from a complete free-fall, meaning they have to continue to buy their stocks as the prices drop (at least that's the way it works on the NYSE). Also portfolio managers are typically paid on assets under management, so if there's a steep drop, their pay drops too. It's better for everyone involved to have the markets steadily rise.
But if you have money invested in the market during a really big drop, the best thing you can do, if possible, is stay in and even keep contributing. If you are worried about particular stocks/market segments/mutual funds, you may want to switch to index funds, but don't pull out. If history proves true once again, the investments will grow back, although it could take some time.
This situation is most sad for people who are scheduled to retire in the near future.
OP
OP
The people at the bottom have little to lose compared to those who have so much they can afford to gamble it on stocks.
It's the same for some of my friends. But Poppy is correct. The same thing happened in 2008ish. They lost a lot but within five years or so it came back up.
Calliegirl
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Yeah, she said she lost even more back then. She plans to retire in about 9 years, but may have to stop working sooner as she has some serious health issues. She's mostly worried that she'll lose most of it if Trump gets in office and won't have time to build it back up.
Spang
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I couldn't care less about them, either. But this whole thing is not something to celebrate. This person says it best:
My friends, stock traders are typically those that win if the market either goes up or down.
It is"normal people" (middle class) with pensions and home mortgages who typically pay the price of stock market crashes.
Granted, many funds managers will not be able to pick up their multi-million-pound annual bonuses if their funds are wiped out, but my guess is they will feel that less than the people who lose a large part of their lifes retirement savings...
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It is"normal people" (middle class) with pensions and home mortgages who typically pay the price of stock market crashes.
Granted, many funds managers will not be able to pick up their multi-million-pound annual bonuses if their funds are wiped out, but my guess is they will feel that less than the people who lose a large part of their lifes retirement savings...
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This probably won't mean much to anyone outside the UK, but Jeremy Corbyn has sacked the British Shadow Foreign Secretary Hilary Benn. Hilary Benn sacked as Corbyn faces 'no confidence' pressure - BBC News
People who rely on taxpayers will probably be the hardest hit.
I think the phrase turkeys voting for Christmas sums it up well.
People who rely on taxpayers will probably be the hardest hit.
I think the phrase turkeys voting for Christmas sums it up well.
I find it interesting that the only people supporting Brexit here in the forum seem to be a Scandinavian immigrant to the UK and a UK expat living in Europe ;-)
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Now they think that half the Labour party team will resign to try and get rid of Jeremy Corbyn.
Brexit: 'Half' of Labour top team set to resign - BBC News
The Liberal Democrat party say if they are elected they will take us back into the EU, quite a clever move although people might not believe this pledge after the tuition fees thing.
Lib Dems to pledge British return to EU in next general election | Politics | The Guardian
Brexit: 'Half' of Labour top team set to resign - BBC News
The Liberal Democrat party say if they are elected they will take us back into the EU, quite a clever move although people might not believe this pledge after the tuition fees thing.
Lib Dems to pledge British return to EU in next general election | Politics | The Guardian
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robert99
On the boat
The ripples from Brexit are taking some casualties. I predict in some areas David Cameron will replace Guy Fawkes come Nov 5th.
Brexit might well become Ukexit with the UK falling apart. Parliament might well change too with smaller political parties reflecting more people's opinions and interests. The Tories have had serious infighting for years over Europe.
Brexit might well become Ukexit with the UK falling apart. Parliament might well change too with smaller political parties reflecting more people's opinions and interests. The Tories have had serious infighting for years over Europe.
OP
OP
Something that bothers me with the stuff I've seen posted online (typically FB) by frustrated Remain-supporters in the aftermath of the referendum is the insinuation or outright accusation that Brexit-supporters are either racists or too stupid to know their own best interests, or probably both, end of story. There is little curiosity or interest to try and understand or learn what really motivated the 51.9% majority in this referendum. And the Remain-supporters are of course all well-educated progressives who are naturally accepting of multi-culture and mass immigration. End of story, nothing more to add or subtract to that either. It's good vs evil all over again. There are no shades of grey, no doubts.
OP
OP
@Spang :
It's debatable and speculative at this point how much suffering this will cause for the working class. So much depends on what UK politicians do next. But if you want a more democratic society, then it makes sense to start by removing the largest anti-democratic behemoth that stand in your way.
It's up to those who negotiate new agreements with the EU whether UK citizens actually lose the right to live and work in the EU. I'm myself living proof that non-EU citizens can live and work in EU countries thanks to such agreements.
It seems to me that both campaigns made up facts. We're dealing with incredibly complex questions, so it's hard to say what are truths and what are lies. The two sides were acting as used car salesmen, hiding any doubts and insecurities they may have had about their own arguments.
Spang
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Have Brexit supporters told you to get lost yet?
The loudest Brexit supporters seem to be racist and xenophobic scum.
OP
OP
^^ This is of course horrible.
Not that this excuses anything, but the UK is a country of ~ 65 million people, so you obviously get all sorts. Additionally, the referendum debates have stirred up anti-immigrant sentiments since the immigration topic featured heavily in the debates. (But it's a legitimate topic in a country that has seen a particularly heavy influx of immigration over the past decade.) So people with racist attitudes now feel emboldened to express their views after the supposed anti-immigration side won the referendum.
St. Brice's Day massacre - Wikipedia, the free encyclopedia
Not that this excuses anything, but the UK is a country of ~ 65 million people, so you obviously get all sorts. Additionally, the referendum debates have stirred up anti-immigrant sentiments since the immigration topic featured heavily in the debates. (But it's a legitimate topic in a country that has seen a particularly heavy influx of immigration over the past decade.) So people with racist attitudes now feel emboldened to express their views after the supposed anti-immigration side won the referendum.
Haha. Not at all, but I also live in a bubble of tolerance and international harmony, plus I probably look like a native Brit anyway. There's this, though:
St. Brice's Day massacre - Wikipedia, the free encyclopedia
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