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Richest 1,000 families in Britain have doubled their wealth since the recession
- hulton 8y agoWealth is attainable by anyone.
- mrep 8y agoSounds like they aren't investing very well for themselves since the SP 500 is up 150-350% from 2009 depending on the dates.
- nopassrecover 8y agoYou’re right, although for context the FTSE100 is below its 1999 level: https://www.afr.com/markets/market-data/uk-stocks-wipe-out-index-gains-of-the-last-18-years-20181207-h18ueo https://www.afr.com/markets/market-data/uk-stocks-wipe-out-i...
- NTDF9 8y agoWow. This is Japan-like scenario already. Why isn't this as widely known?
- randyrand 8y agoAnyone who keeps wealth in the stock market has done the same. The stock market is not without risk either. What is double gains now can be 50% losses next.
- hoi 8y agoIs it the same 1000 families from 2009, the article infers that it's the same 1000 families, whereas in reality there will be some people who drop out and some who come in. Just like backward testing in stock, if you're measuring against the top X companies in 2000, they are not the same top 100 companies in 2018.
- growlist 8y agoSlightly disingenuous from the Grauniad - whilst they might have twice as many pounds on paper, the real world value of 2018 pounds is significantly lower than 2006 pounds. A PPP measure would be more accurate.