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£110 Billion pounds wiped off pensions
12 December 2014, 21:38,
#1
£110 Billion pounds wiped off pensions
The economy is still very vulnerable and worth keeping an eye on cos if this continues its going to really screw up many people lives.

http://www.express.co.uk/news/uk/546682/...e-year-low

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12 December 2014, 22:25,
#2
RE: £110 Billion pounds wiped off pensions
Yes it's a concern and it's a big drop for one day, but it's not uncommon and 6-8 weeks ago the FTSE was substantially lower than it was at today's close, but that is just the nature of the stock market.

I think a lot of the Express (and other) articles are just more examples of dramatic reporting, today's fall actually only represents about 2.5% of the market value, despite being the large numbers involved:

[Image: z?s=%5eFTSE&t=1y&q=l&l=on&z=l&a=v&p=s&la...&region=GB]

Come the new year, it will probably climb back up again, as it does in most Januarys:

[Image: z?s=%5eFTSE&t=5y&q=l&l=on&z=l&a=v&p=s&la...&region=GB]

In fact you could argue that now is a great time to invest!
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12 December 2014, 23:03,
#3
RE: £110 Billion pounds wiped off pensions
2.5% in one day ? That's a lot of money, but remember - that money hasn't actually gone far, it's just been re-allocated to somebody else, probably an investment banker and his mates.

Traders don't make money in a stable market, they need fluctuations - the bigger the better. The losers are the people who don't see todays manufactured trend quick enough - that's the pension funds and private investors who are forced into the stock market by artificially low interest rates on savings.

So, pension funders - we've been robbed, again.
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13 December 2014, 02:06,
#4
RE: £110 Billion pounds wiped off pensions
its just one big betting shop , run buy one big family.
Survive the jive (youtube )
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22 December 2014, 14:00,
#5
RE: £110 Billion pounds wiped off pensions
Just following up on this and 10 days later all the value which was lost has been regained.......
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22 December 2014, 19:05,
#6
RE: £110 Billion pounds wiped off pensions
(22 December 2014, 14:00)Devonian Wrote: Just following up on this and 10 days later all the value which was lost has been regained.......

The shares might be trading at the same as they were 10 days ago, but that doesn't mean that your pension fund hasn't been hit. Traders make big money on these fluctuations, and that money comes from the less able investors, typically the also-rans who run our pension schemes.
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