Hello folks, this is the first time I'm posting on the forum so forgive me for changing the subject, this is just the most recent post I could find.
I have been on FI for a year now and I love it like I'm sure we all do, but the massive spreads has stopped it in it's tracks. Yes it stops selling, but it stops buying and more importantly shows that FI will interfere with the natural course of the market as and when it chooses which can't be a good thing.
The value of all of our portfolio's is now around 40% less than it was ( a rough average of the drop in sell prices) and it's now stuck like that for the foreseeable future. Had the market buy price been let to fall as it should and not been artificially frozen then traders would have been pilling in again much earlier than the 40% real drop in value that we now have been imposed with, as normal trading would have continued.
How long shall we be frozen? until the spreads are closed and normal market forces are allowed to prevail.
The instant sell price is lower, you can still market sell at the buy price if there are any buyers.
The market isn't frozen just the spread is large to make IS less attractive.