The real problem with financial markets

[AtW]

Nah I made my money by investing contracting earnings in BTL.

Bollox - you admitted to being a permie like at least 5 years ago.

[Mich the Tester]

Nah I made my money by investing contracting earnings in BTL.
Yes I could retire now, mortgage paid off, few investments here and there, but I'm too young and private schools and the like are not cheap.

So why not do what I hope to do in the future? Stop working for money, go back to university and do a PhD in something you find interesting and which has some real meaning in this world?

[sasguru]

Bollox - you admitted to being a permie like at least 5 years ago.

I've been working for 23 years cretin. And if I invested 5 years ago I wouldn't have made much. Not terribly bright are you? In the SY camp when it comes to IQ, I fear.

[Moscow Mule]

Islamic system has got a flaw in which earning interest isn't allowed - this effectively kills lending, well, they do lend and they do earn money but they just have to work it around so that it technically fits imposed limits.

Earning reasonable money on long term investments is a fine thing - what's not fine is when people can earn far more on short term speculations of stuff they never get to touch or use, you know those electronic trades - all that prevents banks from investing long term because why the heck would they invest into company for a few years with risks when they can make 2-3% in a space of a few days if they guess direction of the market well.

Are you proposing that the City go back to selling money, instead of risks?

So why not do what I hope to do in the future? Stop working for money, go back to university and do a PhD in something you find interesting and which has some real meaning in this world?

PhDs don't pay for your kids to go to private school - which, where SAS lives, is a prerequisite to not having your child stabbed.

[sasguru]

So why not do what I hope to do in the future? Stop working for money, go back to university and do a PhD in something you find interesting and which has some real meaning in this world?

2 words: kid(s) education.

[Moscow Mule]

2 words: kid(s) education.

If they can make it there, they'll make it anywhere

[sasguru]

PhDs don't pay for your kids to go to private school - which, where SAS lives, is a prerequisite to not having your child stabbed.

Tis true. Not a single decent secondary school in Wandsworth.
Other solutions are
(1) move out of the country
(2) move out of London

[Mich the Tester]

2 words: kid(s) education.

Very understandable and I certainly can’t criticize you for that. It just seems a little sad to me that while over here in NL most of the people I know have been through European state education systems and gone on to do well in their chosen fields, weren’t beaten up by chavs every day at school, and seem to be pretty well adjusted human beings. Perhaps this is a British problem; the need to earn lots of money to give your children a good education. I can empathise here; I was sent to a private school in England after I’d been bullied every day at state school for being ‘the rich kid who lived in a big house’. In reality, my parents weren’t fabulously rich (public service, ie the army and academia were not renowned for paying huge salaries in those days) and the house was a pretty normal detached house; but it was enough to make the local chavs feel I was different and give me good kicking every day.

[Bright Spark]

The real problem with financial markets now is they are nothing more than glorified casinos or betting
shops, before the big bang (1986 de-regulation). there was a lot more longer term view and those markets were controlled by people
with more sense and perspective.

[AtW]

I've been working for 23 years cretin. And if I invested 5 years ago I wouldn't have made much. Not terribly bright are you? In the SY camp when it comes to IQ, I fear.

Bollox - you have not been working for 23 minutes, at least in the last 10 years on this forum