Quote:
Originally Posted by Gate Keeper
My apologies Cliff, as has been pointed out, the money has not been lost. It’s now back up. Remember Kaupthing, Singer & Fredlander, on that occasion our money was frozen by the UK government and it was in the Isle of Man and 10 years before we got it back? How that suddenly went wrong in 2007 in the Icelandic bank crisis of 2007, took years to recover.
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No worries Phil, I understood what you meant. The gains and losses may well be theoretical until you dispose of the shares, but the stress is very real nonetheless, and of course, there is no guarantee that share prices will return to previous levels.
I well remember Kaupthing. We had funds with them, but were fortunate in that we transferred out a matter of days before things went really wrong.
Stay strong, and look after yourself and Jessica,
Cliff