Tony was a veteran of the UK Share market.
After 15 years of active service, he walked out of his Bishopsgate office for the last time.
The date was 31st October 2007.
Two weeks later, Tony started a one year assignment as a trainee missionary in Congo??? It was a world and a half away from his previous life as a wheeler-dealer in the UK Share market.
There was no electricity in the village he was posted to, and his only connection with the outside world was a monthly newsletter from the Mission Service.
Tony's experience in Congo was life changing, and on the 14th of November, 2008 he returned to his home in Dulwich Village a transformed man...
physically as well as spiritually.
He had lost just over two stone in weight.
Tony had also lost all interest in the material things of the world.
That was until...
He switched on his TV to watch the 10 o'clock news.
The anchorman said the FTSE had closed the week at 4232.
97.
He did a double take and rubbed his eyes in disbelief.
He dug hard into the recesses of his memory to recollect the state of things before he left the country a year earlier.
Then it hit him! When he walked out of the office on the 31st of October, the FTSE was within striking distance of its all time high of 6930.
2.
He refused to believe the FTSE was now trading below 4500, over 30% lower.
He did some quick mental arithmetic and figured that the UK Share market was now at levels it hadn't seen since 2003.
And that meant that most people who had bought shares in the last five years were probably sitting on significant paper losses.
He couldn't keep himself from exclaiming, "it seems the UK share market is taking a one way ride to hell!"
After 15 years of active service, he walked out of his Bishopsgate office for the last time.
The date was 31st October 2007.
Two weeks later, Tony started a one year assignment as a trainee missionary in Congo??? It was a world and a half away from his previous life as a wheeler-dealer in the UK Share market.
There was no electricity in the village he was posted to, and his only connection with the outside world was a monthly newsletter from the Mission Service.
Tony's experience in Congo was life changing, and on the 14th of November, 2008 he returned to his home in Dulwich Village a transformed man...
physically as well as spiritually.
He had lost just over two stone in weight.
Tony had also lost all interest in the material things of the world.
That was until...
He switched on his TV to watch the 10 o'clock news.
The anchorman said the FTSE had closed the week at 4232.
97.
He did a double take and rubbed his eyes in disbelief.
He dug hard into the recesses of his memory to recollect the state of things before he left the country a year earlier.
Then it hit him! When he walked out of the office on the 31st of October, the FTSE was within striking distance of its all time high of 6930.
2.
He refused to believe the FTSE was now trading below 4500, over 30% lower.
He did some quick mental arithmetic and figured that the UK Share market was now at levels it hadn't seen since 2003.
And that meant that most people who had bought shares in the last five years were probably sitting on significant paper losses.
He couldn't keep himself from exclaiming, "it seems the UK share market is taking a one way ride to hell!"
Source...