Now that Lloyds Banking Group shares are literally cheaper than chips (53.80 pence as I write) you might find ‘The Daily Mail‘ giving them away free on a Saturday like they do with DVDs.
No doubt someone will be making money out of all this share price slaughter, namely the hedge funds who’ve ‘shorted’ the stock. But for most of us it seems to be pointing the way to the fact that share ownership is a poisoned chalice.
Surely anyone owning shares these days must have a bit of a screw loose? Buying premium bonds, lottery tickets, horse-racing bets or land on the moon probably provides a better investment opportunity at the moment.
Perhaps one day admitting to owning shares might have the same stigma as admitting to owning porn. People have it, they just don’t advertise the fact. Definitely a subject changing moment at parties:-
“Actually I like to dabble in SM, the stock market.”
“Really? Nice weather we’re having at the moment …”
Share prices on Bloomberg may become something you won’t want to get caught watching by the wife.
Or you’ll be approached by a shady looking gentleman in a pub who sidles up to you and asks, “Psst, wanna’ buy some shares? It’s good stuff. Ex-Blue chip.”
Pay per view choices in hotels may never be the same again.