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More market mayhem - FTSE back down to 3,777

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  • 1echidna
    1echidna Posts: 23,086 Forumite
    Blah99 wrote: »
    If you're looking at the long term now is as good a time as any to buy as a lot of companies are seriously undervalued. But you'll have to buy then just go and forget about looking at the price for a long time otherwise you'll have a heart attack.

    Personally I think we've got some way to go yet. The FTSE100 is probably going to break below 4800, and then it's all downside to 4500 or even 4200. After that I think I'd call bottom and start looking for the rise. As soon as I see the upwards momentum I'll get back in on the trend, but not before then. I'm basically 80% in cash at the moment, and some of what's not in cash has taken a serious battering (although I'm confident for a long term return).

    You are a little out of date FTSE100 alredy nearly down to 3800. I would dispute your claim that many companies are seriously undervalued. They may in fact still be overvalued given a long and deep recession, at least in the short to medium term.
  • ExBanker_2
    ExBanker_2 Posts: 91 Forumite
    The ftse 100 is already below your quoted figures at 3883.36! :p
    Blah99 wrote: »
    If you're looking at the long term now is as good a time as any to buy as a lot of companies are seriously undervalued. But you'll have to buy then just go and forget about looking at the price for a long time otherwise you'll have a heart attack.

    Personally I think we've got some way to go yet. The FTSE100 is probably going to break below 4800, and then it's all downside to 4500 or even 4200. After that I think I'd call bottom and start looking for the rise. As soon as I see the upwards momentum I'll get back in on the trend, but not before then. I'm basically 80% in cash at the moment, and some of what's not in cash has taken a serious battering (although I'm confident for a long term return).
  • Blah99
    Blah99 Posts: 486 Forumite
    Sorry, that'll teach me not to read what I typed. I obviously meant 3800, 3500 and 3200 :rolleyes:
    Mmmm, credit crunch. Tasty.
  • Blah99
    Blah99 Posts: 486 Forumite
    1echidna wrote: »
    You are a little out of date FTSE100 alredy nearly down to 3800. I would dispute your claim that many companies are seriously undervalued. They may in fact still be overvalued given a long and deep recession, at least in the short to medium term.

    There are plenty of companies who are trading at a massive discount to NAV. The IC picked one out this week - Cairn Energy.

    BAE is another good example of an undervalued company, in my opinion.
    Mmmm, credit crunch. Tasty.
  • 1echidna
    1echidna Posts: 23,086 Forumite
    Blah99 wrote: »
    There are plenty of companies who are trading at a massive discount to NAV. The IC picked one out this week - Cairn Energy.

    BAE is another good example of an undervalued company, in my opinion.

    Ah well there is nothing to stop you putting your money where your mouth is. Good luck.
  • swiss69
    swiss69 Posts: 355 Forumite
    Investors Chronicle tipped coal of africa at £1.25 - 6 months later now 34p...Great tip that was
  • derbyjon
    derbyjon Posts: 42 Forumite
    Part of the Furniture Combo Breaker
    dunstonh wrote: »
    A share that is going to grow at 1000% in a year or two.... Yeah, thats an every day occurrence we can all easily get right :rolleyes:
    Ah. I've just read your signature.

    Now I understand why your reply was as if you hadn't took notice of a single word I'd written.
  • pumpndump
    pumpndump Posts: 139 Forumite
    I am starting to buy. There will be an upwards wave on Wall Street at the beginning of November. I will decide what to do next when it happens.
    In the field of investment, 99 per cent of everything is garbage. Why? Because we have "gearing". - Robert Beckman
  • Diamond_geezer_2
    Diamond_geezer_2 Posts: 2 Newbie
    Invested with Norwich Union 18 months ago! Various funds. Some were property funds (bad news)so switched 60% into cash over that period and am still down 13% overall. Some would say thats not so bad. Tempted to pull up the drawbridge on the other 40% rather than suffer more losses. Any thoughts?
  • a7man
    a7man Posts: 365 Forumite
    if you dont need the money invest it back in and you'll be likely to get your 13% back in 5 yrs time, good plan moving out to cash at the beginning of the slip, you just have to put it back in when the market starts to increase again.

    There are many companies listed at prices lower than their total assets, pick one of these and you're on to a winner. FTSE tracker is a good long term bet.
    Living the good life spending all my money but loving it!!
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