Simon

Trying to buy the dip and ride the high...

[Simon @Mountain1Wizard]

@FinanceTiger @UKLabour The tories didn't manage to do any of this when they were just in power for so long. Labour and tories are opposite sides of the same coin. Both inclined to increase taxes, both weak on crime, both pro mass immigration.

[Simon @Mountain1Wizard]

@GMFinX There are some really unpleasant people out there that try to justify this loan structure. It is wrong.

I do feel though that we send too many people to university in the UK. Back when a small % went to uni it was funded via grants, now 50% of people go and this is not possible

[Simon @Mountain1Wizard]

@robprogressive Hard to fault this sentiment!

[Simon @Mountain1Wizard]

@BrianFeroldi I love this visual, thanks!

[Simon @Mountain1Wizard]

@FindleysFinance In the UK I think the old class system has a lot to do with it. There is also a lot of spite if anyone manages to make it. Financial success seems to be celebrated more in other countries, the US for example.

[Simon @Mountain1Wizard]

@the_baserate Get another job and try not to touch the ISA at all. Move to find work if needed.

[Simon @Mountain1Wizard]

@HughInvests There is something about the British mentality that doesn't mix well with investing. When I talk to my friends, family and colleagues about investing the response ranges from complete indifference to predictions of impending doom.

[Rock Chartrand @RockChartrand]

Capitalism isn't the system that makes the rich richer and the poor poorer. It's the system that rewards those who create value, regardless of where they started.

Socialism doesn't merely tend to make everyone poorer. By replacing competition with political control, it protects the worst of the rich, those who prosper through political privilege, while punishing the best of the poor, those with the ambition and ability to rise through their own achievements.

Capitalism rewards value creation. Socialism rewards political connections.

[Simon @Mountain1Wizard]

@themotleyfool Nothing unfortunately, sticking with consistency and my fully automated direct debit plan. Sometimes I feel like I miss out but oh well.

[Simon @Mountain1Wizard]

@MsVeilMoney 10k in SpaceX for me

[Simon @Mountain1Wizard]

@njcAllocates Just as a chef eating his own cooking gives me confidence!

[Simon @Mountain1Wizard]

@MsVeilMoney yes, the absolute best time to buy when the sales are on!

[Simon @Mountain1Wizard]

@belbeleggers Just my regular direct debit monthly buying probably

[Elon Musk @elonmusk]

Exactly

[Simon @Mountain1Wizard]

@FT This is going to end well

[Simon @Mountain1Wizard]

@StocksandDares I spent £8,000 on mine 14 years ago, it was a lovely day. Too many people spend money they haven't got (debt) and some are still paying for their wedding day when they get divorced. 40k to me is a massive amount of money!

[Simon @Mountain1Wizard]

@Ye_Olde_Holborn The US can keep Gates thank you very much. I wouldn't be too proud of that one 😂😂

[Steve 🍺🍺👍🏴󠁧󠁢󠁥󠁮󠁧󠁿🏴󠁧󠁢󠁥󠁮󠁧󠁿 @Steve2521279221]

And in the UK your wood burner is a problem while your tax funds this .

[Simon @Mountain1Wizard]

@BullTheoryio How does a modern day tech executive manage to sound like a Victorian factory owner? 🤣

[Simon @Mountain1Wizard]

@belbeleggers I think people get too hung up on this concept. If a share goes down by 10 dollars then to get back up to its original value it needs to gain 10 dollars. Paying too much heed to the break even fallacy might lead to panic selling truning a paper loss into a real loss.