The FTSE 100 has been couched as if it’s barely afloat. But the reality of this Index is different in both the short and long term.
In life, we sometimes end up paying for not paying attention, like the eventual chiropractic cost barreling towards Generation “Tech-Neck” – a condition caused by the billions of heads constantly bent down towards mobile phones. The dangers are now symptomatic of that innovation and the new social mores of technology – like walking while texting, and a fountain suddenly jumps out in front of you:
The belief in the idea of instant success and impending disaster is one that’s easily influenced by; fear-inspiring articles, the urge to seek safety in asset classes that don’t actually provide any, falling to victim to well-named products that sound good but don’t really mean anything, and becoming an armchair investor following celebrity TV analysts whose dire investment predictions are borderline comedy.
According to the FCA (UK’s Financial Regulators) a third of over 75s and a fifth of over 55s have been targeted by “scammers” (or crooks as they’re better known).