gingertechie
Registered User
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The iseq is already down a lot since 2016, financials are at six year lows in the case of at least one particular bank.
I’m not looking for advice regarding shorting, nor advice as to whether shorting Ireland Inc is ethical. I’m looking to position a small part of my portfolio to benefit from a negative impact of brexit.
There are ETFs that provide an inverse of the FTSE100 (your investment goes up when the FTSE100 goes down)
The massive sell off in one particular food company this past week, must have dragged the index down substantially on it's own.A very fair observation.
Markets obviously price in bad news on a forward looking basis. So if the grand plan is to short Ireland Inc when a hard Brexit starts to look likely, that’s probably too late.
I’m looking to position a small part of my portfolio to benefit from a negative impact of Brexit.
Yea and the banks as well, who says buying shares is an easy way to make money, certainly not in Ireland, profits and capital gains are taxed heavily, losses are your own tough luck. I doubt any articles in the national press about the hard pressed bank shareholders since before the financial crisis, I'm not one of them by the way. As for that food company, very dumb and expensive moves into the body beautiful industry, I'm sure the hard pressed farmers will not be impressed while also suffering the big brexit hit.The massive sell off in one particular food company this past week, must have dragged the index down substantially on it's own.
Unless you are good at timing the market and manage to sell after run ups and then buy back after sell offs, you're return from a " buy and hold" strategy won't be that much higher than in savings, that's still OK but the vast majority of people won't get rich as they won't start out with huge sums.
Most average people will make more from the likes of property.
The average annual return from a buy and hold strategy in say US equities since 1926 has been around 10%pa.
That period includes the 1929 crash, world war 2 1987, the tech wreck of 2000, 2008 Etc so buy and hold clearly does work.
The Dow is now just 63,175% off the July 1932 lows.
The average annual return from T bills over this period was around 1% over inflation so, not great.
My analysis of Irish residential property since 1970 puts the return at no more than equities with similar downside risk.
So that last post was almost entirely incorrect
My analysis of Irish residential property since 1970 puts the return at no more than equities with similar downside risk.
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