St James Place

[Guest RLC]

Woodford has put a temporary ban on withdrawals from one of his funds. SJP is one of his biggest clients. They will be put under pressure from their own clients on why they invested with Woodford

[Caseynotes]

5 minutes ago, RLC said:

Woodford has put a temporary ban on withdrawals from one of his funds. SJP is one of his biggest clients. They will be put under pressure from their own clients on why they invested with Woodford

[Guest RLC]

'Mr Adviser.....can you explain to me why my funds are invested in this fund?' 

[Caseynotes]

*Gulp*

[phillo]

not looking great today. I wonder how this will effect retail investors confidence in general ???

[TheGuru12]

https://www.zerohedge.com/news/2019-06-03/it-begins-multi-billion-hedge-fund-blocks-redemptions

 

Shorts are getting slaughtered today. 

[Caseynotes]

Not often you'll hear Merryn Somerset Webb swear as the BBC makes sure everyone knows just what's to blame.

[dmedin]

1 hour ago, elle said:

not looking great today. I wonder how this will effect retail investors confidence in general ???

 

 

Exactly ...

If a seasoned manager of a multibillion hedge fund can't hack it, how can some 'day trader' sitting on their laptop at home have a hope in hell?

[Caseynotes]

Just now, dmedin said:

 

Exactly ...

If a seasoned manager of a multibillion hedge fund can't hack it, how can some 'day trader' sitting on their laptop at home have a hope in hell?

These big guys have all the resources to help decision making but they still have to compete with the market (each other), if someone's gonna win someone has to lose. You are not competing with these guys, your job is to follow, just try to follow one that's going up not down 😉

[Caseynotes]

And you think you've got problems! 

Listen: Neil Woodford, Youtube millionaires and Rich People's Problems.

20 min Podcast report just a few hours old.

https://www.ft.com/video/390cc022-6dc2-4f71-bd9b-9f2e6472d276

[phillo]

[Caseynotes]