Richest 1,000 families in Britain have doubled their wealth since the recession
1–10 of 10 posts
Re: Richest 1,000 families in Britain have doubled their wealth since the recession
#2Wealth is attainable by anyone.
Re: Richest 1,000 families in Britain have doubled their wealth since the recession
#3Sounds like they aren't investing very well for themselves since the SP 500 is up 150-350% from 2009 depending on the dates.
Re: Richest 1,000 families in Britain have doubled their wealth since the recession
#4Sounds like they aren't investing very well for themselves since the SP 500 is up 150-350% from 2009 depending on the dates.
You’re right, although for context the FTSE100 is below its 1999 level:
https://www.afr.com/markets/market-data/uk-stocks-wipe-out-i...
Re: Richest 1,000 families in Britain have doubled their wealth since the recession
#5Sounds like they aren't investing very well for themselves since the SP 500 is up 150-350% from 2009 depending on the dates.
You’re right, although for context the FTSE100 is below its 1999 level: https://www.afr.com/markets/market-data/uk-stocks-wipe-out-i...
Wow. This is Japan-like scenario already. Why isn't this as widely known?
Re: Richest 1,000 families in Britain have doubled their wealth since the recession
#6Anyone who keeps wealth in the stock market has done the same.
The stock market is not without risk either. What is double gains now can be 50% losses next.
Re: Richest 1,000 families in Britain have doubled their wealth since the recession
#7Earlier quoted context omitted.
You’re right, although for context the FTSE100 is below its 1999 level: https://www.afr.com/markets/market-data/uk-stocks-wipe-out-i...
Wow. This is Japan-like scenario already. Why isn't this as widely known?
Because cherry picking dates on such a short timeline in a highly volatile market like stocks doesn't really tell you anything.
Re: Richest 1,000 families in Britain have doubled their wealth since the recession
#8Is it the same 1000 families from 2009, the article infers that it's the same 1000 families, whereas in reality there will be some people who drop out and some who come in.
Just like backward testing in stock, if you're measuring against the top X companies in 2000, they are not the same top 100 companies in 2018.
Re: Richest 1,000 families in Britain have doubled their wealth since the recession
#9Earlier quoted context omitted.
Wow. This is Japan-like scenario already. Why isn't this as widely known?
Because cherry picking dates on such a short timeline in a highly volatile market like stocks doesn't really tell you anything.
We're talking 20 years of anemic growth. I can see that FrSE kept trying to go back up but kept falling back down again and again
Re: Richest 1,000 families in Britain have doubled their wealth since the recession
#10Slightly disingenuous from the Grauniad - whilst they might have twice as many pounds on paper, the real world value of 2018 pounds is significantly lower than 2006 pounds. A PPP measure would be more accurate.