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I thought I had learned my lesson.

No more investing in individual shares, even supposedly safe ones.

Surely the all share index is the safest place to invest.

Bull.

Columnists talk about record highs for the all share index. They are lying.

Since 1999 the FTSE has gone from 6024 to 6224 – without accounting for inflation.

Even in the most basic bank account at 1% per year, the index should be at over 8000 now.