For a while in both the late ’80s and ’00s, every other person you met at a dinner party (kids etc.) called themselves a property developer, or at least said they ‘were in property’. Which meant they’d done up a house, sold it at a profit and decided it was easy money. Which it very shortly wasn’t. It’s the same with the stock market. When a man fixing our boiler tipped me off about a sure-thing tech share he’d heard about at the pub, it wasn’t hard to predict the end of the .com boom. How long before we forget the Covid Crash and history repeats? A while, yet, I’d say; but history does and will always repeat, alas.
“John Lewis looks to tap into DIY investing boom with Nutmeg partnership”
M&S sold ISAs and pensions for while in the ‘90s. Richard Branson had a go. Halifax and the Pru made millionaires of quite a few estate agents when they bought them out, thinking it would be an easy way to flog mortgages and endowments. John Lewis has seen that...
