Tell it like it is... - SV650.org

flymo · 27-09-11, 06:01 PM

Jeez, like it or not this is worth listening to

27-09-11, 06:15 PM

****s like him that got every one in the mess in the first place.

27-09-11, 06:17 PM

Very interesting, trouble is it was partly their fault the banks collapsed as they invested in bad investments and banks' major income is from stock markets not home loans etc.

Respect to him though, he was honest.

27-09-11, 06:20 PM

People borrowing what they cant afford, banks lending to the people who could afford it.

That guy is saying it as it is, luckily i have nothing to lose

Mr Speirs · 27-09-11, 07:09 PM

Funny thing is this guy is not even a trader, he lives in a £200k house with a Mortgage...but the mortgage belongs to his partner.

http://www.telegraph.co.uk/finance/e...-a-trader.html

flymo · 27-09-11, 07:31 PM

Quote:

Originally Posted by Mr Speirs

Funny thing is this guy is not even a trader, he lives in a £200k house with a Mortgage...but the mortgage belongs to his partner.

http://www.telegraph.co.uk/finance/e...-a-trader.html

I know of a number of stock exchange traders and they are all skint, this image of them all driving around in Ferraris is a myth. They are often very good at making money for other people but frequently crap when it comes to their own finances.

dizzyblonde · 27-09-11, 08:28 PM

We've been saying this for months....and we ain't no financial experts!

27-09-11, 09:53 PM

Quote:

Originally Posted by flymo

I know of a number of stock exchange traders and they are all skint, this image of them all driving around in Ferraris is a myth. They are often very good at making money for other people but frequently crap when it comes to their own finances.

All the traders I know of, and worked with personally (hmm - 30 or so?) are all what one would consider rich.

Most of them are also a$$holes though.

27-09-11, 06:15 PM	#2
Bluefish Guest Posts: n/a	Re: Tell it like it is... ****s like him that got every one in the mess in the first place.

27-09-11, 06:17 PM	#3
Specialone Guest Posts: n/a	Re: Tell it like it is... Very interesting, trouble is it was partly their fault the banks collapsed as they invested in bad investments and banks' major income is from stock markets not home loans etc. Respect to him though, he was honest.

27-09-11, 06:20 PM	#4
beabert Guest Posts: n/a	Re: Tell it like it is... People borrowing what they cant afford, banks lending to the people who could afford it. That guy is saying it as it is, luckily i have nothing to lose

27-09-11, 07:09 PM	#5
Mr Speirs Member Mega Poster Join Date: Jul 2008 Location: Northampton Posts: 2,218	Re: Tell it like it is... Funny thing is this guy is not even a trader, he lives in a £200k house with a Mortgage...but the mortgage belongs to his partner. http://www.telegraph.co.uk/finance/e...-a-trader.html __________________ Smokey Black Burnty 02 - Racetech Smoulderlators + .90kg BBQ Springs, zx10r shockingly toasted, Conti Road Attacks heat up very nicely, R&G Crash Bungs but what f**king use are they, No Colour Matched Hugger, Flame Extenda, Beowulf Titainium Oval Flame Thrower.

27-09-11, 08:28 PM	#7
dizzyblonde Da Cake Boss Mega Poster Join Date: May 2007 Location: On a flying Horse Posts: 9,992	Re: Tell it like it is... We've been saying this for months....and we ain't no financial experts! __________________ Suzy, yellow 2001 SVS. Kitty, V-Raptor 1000, ZZR1400<<its my bike now Pegasus! Hovis 13.8.75-3.10.09 Reeder 20.7.88-21.3.12