Far from unique. Over a million of us and that is only counting UK citizens.
I think you are basically wrong about this, although it is understandable why. Many people may well have done ‘pretty well’, but they haven’t done as well as investing in other indices. When I talk about a 20% pay cut etc I’m basically measuring our prosperity to the rest of the world. I think that is the modern reality and looking at it any other way is a tad blinkered.
You can be sure foreigners looking-in see it exactly as I have described. Just spend a little time watching CNBC or Bloomberg with some American talking head talking about the UK economy.
From your perspective that doesn’t matter as you have made clear (I think it does, but I’m not going to argue with you about your own accounts).
Most people in the UK DO buy things from abroad, directly or mostly indirectly E.g. electricity, oil, gas, petrol, cotton, coffee, rice, wine and even rice wine to name just a few.
Very, very few of us live off things that are just made or grown here, and even if we do, those providers’s prices have gone up because they are obliged to use products or services from abroad.
However, I’m not so interested in our personal positions as a point of discussion but where we think things will go from here, what impact that will have on investments and how to play that. I.e. Possible scenarios and their impact on investments
IF you have any ideas, that is, going forward. My personal position is meant I have spent a lot of the last 3.5 years trying to avoid losses rather than concentrating on making money, so I’m looking for people who are prepared to discuss the future investment environment.
Investments don’t have to be within the UK. Of course the current fx rate does matter, but I have managed to get plenty of my cash in USD so the poor exchange rate right now isn’t a factor.
What is a factor is the slowing global economy and the trade wars between China and USA, although they seem to have eased a little at the end of the week, and where it all may end up.