• The post you are reporting:
   
  Anthony Bolton was interviewed yesterday. Now retired he said he was back investing in equities and he spoke about the crisis, here is what he said:
  
  ____________________
  On the financial crisis: 'Well I have to say I haven't seen anything quite like this and the credit crisis that led to the banking crisis has some similarities with the 1970s which I did experience but the fact that it's global and the extent of it is quite different.'
  
  On whether it can get worse: 'It can certainly get worse although I think a lot of the ingredients are now there to restore confidence - at the heart of banking is confidence
  
  On bank deposit guarantees: 'We've seen that come in Ireland and one of the problems in this global world that we live in is it's quite difficult for authorities to do it in one market and not to have effects on other markets. So I think it's possible that will happen here as well. It would certainly restore confidence thought it might be quite a costly move.'
  
  On investing: 'Investing in the stock market at first looks so easy - you buy when it's low and sell when it's high. But when you actually live though it it's much more difficult. All the environment tries to make you do the opposite of what it should do - it sucks you in when markets are high and the world looks wonderful.
  
  _______________________
  
  Do not invest just because he says so - get advice.

Report Post

Your Name

Reason