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  1. #21
    Join Date
    Jun 2011
    Location
    Berkshire, UK
    Posts
    2,244

    Default Re: Pity those poor Lloyds underwriters...

    Quote Originally Posted by lukedh View Post
    No quite. If I have an asset or invest my wealth in Guilts or Bonds for example, ...
    We have to hope that all the gambling leeches referred to in this thread do their investing with guilt!

    Mike.

  2. #22
    Join Date
    May 2001
    Location
    UK - Solent region
    Posts
    31,079

    Default Re: Pity those poor Lloyds underwriters...

    Quote Originally Posted by dom View Post
    We commence our lives capital poor, but rich in future hours to work and ideas to contribute. We end our lives the other way around, so invest in the younger people's future, helping them to progress and remain competitive globally. In return for this capital, they pay our pensions through dividends, etc. It has been so since the start of the Industrial Revolution.

    The older folk of today - for the vast majority through no fault of their own - have presided over a mutated system where UK real-estate is bubbly and industrial/technology investment is low (our nippers' future).

    Sad to say you're probably right; we truly are a generation of rich leeches.
    "Names", are not investing in anyones future but their own, the are putting money into a pool & hoping that pool doesn't pay out. The pool only covers bottoms etc, not share in the stockmarket or any "younger persons future".

  3. #23
    Join Date
    Dec 2003
    Posts
    4,062

    Default Re: Pity those poor Lloyds underwriters...

    Quote Originally Posted by alant View Post
    "Names", are not investing in anyones future but their own, the are putting money into a pool & hoping that pool doesn't pay out. The pool only covers bottoms etc, not share in the stockmarket or any "younger persons future".
    "Names are" doing precisely nothing these days; as described above, they were last a significant feature of the reinsurance market some thirty years ago.

    The reinsurance business today is just like any other insurance business, which are in turn similar to banks (which hope their mortgage borrowers won't default), a pharma company (which hopes to find a new drug), or Rolls Royce (which hopes to sell lots of new aircraft engines), or in fact any other business you can think of.

    Moreover, all of their shareholder bases overwhelmingly comprise pension funds and other forms of household savings. Some savers prefer not to invest in Oil, others in Defence companies, another group might shun US multinationals. But in the end, almost all of us will own all of these companies at least to some small extent.

    Remove or reduce any of this investment without replacing it with something else and we damage the next generation's future. That's just the way it is.
    Last edited by dom; 14-09-17 at 10:36.

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