This is very sad, both for Neil Woodford and those who’ve lost money by investing, or being encouraged to invest with him. It’s all very well for holier-than-thou advisers to say they told you so (although I did), and that those who did not should have looked under the bonnet (although they should). Many already wary of investing now won’t bother; and a great talent who took one risk too many will probably never work in the business again.
There is a school of thought which might say that, should you wish to revive and encourage investment in the UK Stockmarket, a starting point might be the reversal of Brexit.
What next is a much better couple (or more) of years ahead. If you have investments, you’ll have seen a pretty sharp ‘uptick’ since November after a pretty sharp ‘not much happening or going down’ since the beginning of 2022. We’ve said many times that when things move, they can move pretty quickly.
An extreme example of the dangers of DIY investing, admittedly. A gambling addict who’d given up, obviously before he’d gambled everything away, and had some money to invest.