Bump...htf will anyone of the 'do the right thing' muddled class, or ordinary working folk have a pension?
just putting it out there... srsly 10 year old thread and you necro it...
although you do have a point, what's happening now is massive wealth destruction that will undoubtedly have negative consequences for consumption and production (read income) for many years
investors in a number of finance companies that went bust here (NZ) have been on the news interviewed, they're pensioners and now have absolutely no savings to spend on consumption goods
i'd hate to be old and have a retirement plan consisting of mostly equity instruments right now
It is over 1000 points lower than 10 years ago depending on what time of year in 2001 you are looking at. Equities as a pension investment are a waste of time in my view but there are other options.
Correct, again my interest was piqued due to the mention of the ftse back in 2001 about to crash through 5500. And again, at the risk of having to explain things three times for the very hard of thinking, as it stands now and given how most pension fund managers only invest in the ftse 100, pensioners have been having their dicks pulled by the Ponzi scheme pedlars for another ten years..