I guess all 'investments' can be a gamble. A combination of luck, advice, skill and right place, right time.
I think some folk with become wealthier from cryptocurrency and others lose. I wonder how many of the huge gains will be declared to the tax man! At least the snow is melting...
Ansolutely. But those with foundation, such a commercial company that actually does something is likely to be a much sounder investment than something that doesn't do or contribute anything.
At the time of The South Sea Bubble in the early 1700s companies were coming to the market where the aim and purpose of the companies 'had not been decided' or was ''secret'. These issues were massively oversubscribed and the share prices went through the roof.........for a while.
As an aside, I am currently rereading The Great Crash by Selwyn Parker, which is about the 1929 crash in the USA. A really insightful look into stock markets, human greed, economics and government. Sounds boring, but written in a way that is easily understandable and engaging. Just reading a chapter about the miners strike in Australia and how the government, to their eventual cost, smashed it with violence. Highly recommended reading.
We haven't had any snow yet - torrential rain and gale force winds so far - heavy snow forecast for lunchtime.
I don't care.....as long as we can get to Gatwick on Friday!