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I found out that my portfolio went up in value yesterday AMA?

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    We went up to see the fund managers yesterday, and they told me some good news! My portfolio holdings, because of implementation on the stock market by the uk government, has gone up in value by £14k to £181k!

    Champagne all round i think!!?
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    I don't understand stocks and portfolios and whatnot. Could you explain to me what is happening? do you now get £181 thousand a year?
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    (Original post by KnowledgeIsBest)
    I don't understand stocks and portfolios and whatnot. Could you explain to me what is happening? do you now get £181 thousand a year?
    It's just a load of BS. He probably doesn't even know himself
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    (Original post by john2054)
    because of implementation on the stock market by the uk government,
    This collection of words doesn't actually mean anything FYI.
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    What stocks are in your portfolio?
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    (Original post by KnowledgeIsBest)
    I don't understand stocks and portfolios and whatnot. Could you explain to me what is happening? do you now get £181 thousand a year?
    No that is the total value of my fund in the bank. These funds can go up and down, so they shouldn't be banked on entirely. The point is that the stock market has been acting favourably, certainly for my portfolio, in the last three months.
    (Original post by UnknownRoyalist)
    It's just a load of BS. He probably doesn't even know himself
    You are wrong good sir.
    (Original post by SmashConcept)
    This collection of words doesn't actually mean anything FYI.
    It's not that it doesn't mean anything, rather you don't understand the context, so let me explain. In the last three months, since the Brexit, the u government has plowed money in to the stock market, by cutting interest rates further, and also other steps. I don't know how this has impacted other holdings, but my fund manager assured me yesterday that because of this action, largely, the valuation of my fund has risen steeply over this time. I hope that explains things a bit better for you now??
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    (Original post by john2054)
    has gone up in value by £14k to £181k!
    You've certainly turned things around quick. A couple of months ago you were happy just to be allowed £1500 credit.. and whilst being unemployed.

    Remarkable.

    Infact with that sort of money in the bank, why would you need to get a £75k mortgage?
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    (Original post by Reue)
    You've certainly turned things around quick. A couple of months ago you were happy just to be allowed £1500 credit.. and whilst being unemployed.

    Remarkable.

    Infact with that sort of money in the bank, why would you need to get a £75k mortgage?
    I love seeing you rip into people who aren't me on things that don't seem true
    bu it I was john I would have sold some of my holdings if I was that desperate
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    (Original post by john2054)
    We went up to see the fund managers yesterday, and they told me some good news! My portfolio holdings, because of implementation on the stock market by the uk government, has gone up in value by £14k to £181k!

    Champagne all round i think!!?
    Why did you need to use your credit cards to buy your laptop if you had the funds to invest?
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    (Original post by The Financier)
    Why did you need to use your credit cards to buy your laptop if you had the funds to invest?

    (Original post by Reue)
    You've certainly turned things around quick. A couple of months ago you were happy just to be allowed £1500 credit.. and whilst being unemployed.

    Remarkable.

    Infact with that sort of money in the bank, why would you need to get a £75k mortgage?
    Brilliant questions folks. Very interested to see the answers.
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    (Original post by Reue)
    You've certainly turned things around quick. A couple of months ago you were happy just to be allowed £1500 credit.. and whilst being unemployed.

    Remarkable.

    Infact with that sort of money in the bank, why would you need to get a £75k mortgage?
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    i planted five magic euro beans before Brexit.... now i can climb up and up....
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    John2054 has to be one of the most unusual posters on this site.
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    :toofunny:
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    (Original post by KnowledgeIsBest)
    I don't understand stocks and portfolios and whatnot. Could you explain to me what is happening? do you now get £181 thousand a year?
    Companies can list their shares on stock exchanges which means the shares can be publically traded.

    Prices can go up or down. At the moment, the FTSE has climbed because 2/3 to 3/4 of the companies listed on the FTSE100 are foreign companies so the fall in the sterling against other currencies has improved the earnings of a lot of listed companies.

    FTSE100 has climbed from about 6000 at the end of June to over 7000 at the moment.

    So people holding stocks and shares in FTSE100 companies have benefited a lot recently.
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    (Original post by jamesthehustler)
    I love seeing you rip into people who aren't me on things that don't seem true
    bu it I was john I would have sold some of my holdings if I was that desperate
    Some people just make it too easy
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    (Original post by iEthan)
    Brilliant questions folks. Very interested to see the answers.
    let's be honest; it will just be a continuation of this myth
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    It is impossible to have an over 1000% return. Your fund manager is scamming you. Only an insider trader could make that much. Think about it- what's he point of even working if you can make this type of return on passive investing? My father works in investment management and he has told me often that asset managers never ever make more than 10% annual return in the long run, hedge funds might be able to reach closer to 20% but 1000%, even over say 10 years, is absolutely ridiculous.

    And in your other threads you say how you struggle with finances and credit cards- how could you afford to set aside £14k to invest? You are clearly BSing.
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    (Original post by Zerforax)
    Companies can list their shares on stock exchanges which means the shares can be publically traded.

    Prices can go up or down. At the moment, the FTSE has climbed because 2/3 to 3/4 of the companies listed on the FTSE100 are foreign companies so the fall in the sterling against other currencies has improved the earnings of a lot of listed companies.

    FTSE100 has climbed from about 6000 at the end of June to over 7000 at the moment.

    So people holding stocks and shares in FTSE100 companies have benefited a lot recently.
    Lol they aren't making 1000% returns- no fund manager takes on that much risk anyway, during a volatile time like Brexit. Maybe they would double their money but nothing better than that. In fact, if you look at a share price graph, you'd find that there is absolutely no combination of UK investments that would have multiplied your portfolio value by a factor of 10 in a year or even multiple years.
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    (Original post by squish562)
    Lol they aren't making 1000% returns- no fund manager takes on that much risk anyway, during a volatile time like Brexit. Maybe they would double their money but nothing better than that. In fact, if you look at a share price graph, you'd find that there is absolutely no combination of UK investments that would have multiplied your portfolio value by a factor of 10 in a year or even multiple years.
    Who said anything about 1000%?
 
 
 
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