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andytandreou
Senior Villager
Joined: 09 Oct 2005
Posts: 239
Location: Larnaka
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If banks offered a bank account that could increase your money by 60% from the beginning of the year you would be crazy not being their customer, right?
Well the Cyprus stock exchange, after dropping over 90% in 2000 in one of the biggest market crashes of all time, is currently up by 60% since the beginning of the year!! Only this past week it has gone up by 7%!!!
I'm pleased to see another sector in Cyprus' economy reach profitability. It seams to me that the Stock Exchange offers a better return on investment that property at the moment! Bank shares are up by 80% since Jan 1st!!!
I just hope this isn't another bubble!!! Have we leaned our lessons? |
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Crash Test Dummy
Warnings : 3
Ministerial
Joined: 25 Sep 2005
Posts: 4911
Location: London(ish)
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| Cyprus is too corrupt to be running a stock market properly |
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cannedmoose
Warnings : 4
Moderator
Joined: 12 Aug 2005
Posts: 5357
Location: National Forest, England
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| One thing to keep in mind re: stockmarkets... they can always go down as well as up. The example of the Nikkei is the most telling, it has lost more than half its value since the boom of the early 1990s and shows absolutely no signs of recovering that peak in the near future. If you want a safe investment, the stockmarket isn't for you, if you have some surplus cash and want to try your luck, it's worth it. Just be careful as to which stocks you pick. |
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Crash Test Dummy
Warnings : 3
Ministerial
Joined: 25 Sep 2005
Posts: 4911
Location: London(ish)
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| National Savings & Investment Premium Bonds. I bought some about a year ago. There is a big advertising thing going on in the UK. Find them here |
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cannedmoose
Warnings : 4
Moderator
Joined: 12 Aug 2005
Posts: 5357
Location: National Forest, England
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Has your advertising fee gone to Great Ormond Street as well Dummy?  |
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Dhavlos
Warnings : 1
Site Admin
Joined: 13 Aug 2005
Posts: 4697
Location: Birmingham
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lol moose,
i got one of those...its a premium bond thing innit?
I won 50 quid a couple of yewars back from the ernie machine |
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thebrix
Mukhtar/is
Joined: 19 Aug 2005
Posts: 526
Location: London, United Kingdom
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| cannedmoose wrote: |
| One thing to keep in mind re: stockmarkets... they can always go down as well as up. The example of the Nikkei is the most telling, it has lost more than half its value since the boom of the early 1990s and shows absolutely no signs of recovering that peak in the near future. If you want a safe investment, the stockmarket isn't for you, if you have some surplus cash and want to try your luck, it's worth it. Just be careful as to which stocks you pick. |
Two illustrations of this:
1. The Dow Jones Industrial Average didn't revert to its 1929 value before the Great Crash (corrected for inflation) until 1955;
2. I worked for a well-known IT company. The bubble in 1997-2000, and subsequent crash, was so spectacular I worked out that, if the share price increased from its lowest point (just after the crash) at the then rate of inflation, it would take 560 years to again reach the level just before the crash.
That said, I bought GlaxoSmithKline and Cadbury Schweppes last week 
Alastair |
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cannedmoose
Warnings : 4
Moderator
Joined: 12 Aug 2005
Posts: 5357
Location: National Forest, England
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| thebrix wrote: |
That said, I bought GlaxoSmithKline and Cadbury Schweppes last week
Alastair |
Hardly risky investments there mate 
I also just ate a Dairy Milk bar... so that's another 0.0000001p to your dividend. |
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Crash Test Dummy
Warnings : 3
Ministerial
Joined: 25 Sep 2005
Posts: 4911
Location: London(ish)
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Stock market only works with insider tading. Due to a client of my dads i got an extention in my old house
And moose no, i am poor i kept the cash |
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andytandreou
Senior Villager
Joined: 09 Oct 2005
Posts: 239
Location: Larnaka
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| Crash Test Dummy wrote: |
| Cyprus is too corrupt to be running a stock market properly |
This is exactly what caused the first market crash in Cyprus! Believe it or not, in 1990-2000 you couldn't actually sell your shares on the stock exchange because it took so long to finalize the transaction and send people their printed documents!! In effect it was a buy-only market and people also had ZERO experience! Now, if this wasn't the exact mathematical way to cause a stock-bubble, then i don't know what is!!
The CSE (Cyprus stock exchange) has become much more professional in the 5 years since the crash ans is now amongst the more professional and technologically advanced exchanges in the world!
What amazes me is that the possibility of a bubble forming again in the CSE is next to impossible! People have learnt their lessons and would never invest too much money in a company which obviously isn't worth it! So the current 60% rise in share prices reflects the fact that companies in the CSE are undervalued, which is true!
I am really thinking of investing! |
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Crash Test Dummy
Warnings : 3
Ministerial
Joined: 25 Sep 2005
Posts: 4911
Location: London(ish)
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The thing whith cyprus is there are a lot of 'Top People'.
Everyone began buying shares and making small money. As everyone knows everything in cyprus people continued to buy and tell their friend etc. When the original Top People decided they had enough they sold up and everyone lost money.
In a real stock exchange the market would of been closed for a full inquiery with that volume of shares being sold. |
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