Lehman - baton down the hatches

Etccarmageddon

erm never!!!

baby_boomer

hedger wrote: »

who is gonna cut their loses and withdraw to cash?

I have largely done this from a year ago and plan to reinvest various fixed rate bonds into the stock market as and when they mature over the next 12 months.

I've also kept our 2007/8 additional pension contributions in cash, which looks a good move.

sabretoothtigger

This may actually be good news

I was thinking the same last night though its hard to say why, the sp500 hasnt fallen much so someone must agree with this though I fear for aftershocks..

First Ive heard of a liquidity fund, 7bn is quite a buy in so I guess thats not cash

Stavros wrote: »

I almost bought in when they were 70 odd pence, when do the pundits think it a safe bet to jump in and buy

How much did B&B dip today, I think thats probably as close to an answer you can expect right now. I bet b&b isnt in that liquidity fund
Standard life own like 3% of bb? Sometimes its best to work indirectly

http://uk.biz.yahoo.com/080909/214/i6dz3.html

Debt_Free_Chick

I am always tempted by RBS, when the price is right ...... I might not be able to resist .....

Help me!

Primrose

Turning your equities into cash isn't easy when they're all tied up in Unit Trusts in PEPs/ISAs and I'm not even sure that it's possible to turn them all into cash temporarily. Is it possible if they all held in a Hargreaves Lansdown Vantage scheme? Having taken the hit now, I think there's probably no alternative but to hang in there for the long term, trying to convince myself that I have only suffered a paper loss if I'm not cashing anything in. Like everybody else I've seen a horrific fall in the value of my ISAs and am thankful that, remembering the last recession, I've kept a reasonable proportion of my savings in cash. Hopefully what goes down will also eventually go up again.

dunstonh

Turning your equities into cash isn't easy when they're all tied up in Unit Trusts in PEPs/ISAs and I'm not even sure that it's possible to turn them all into cash temporarily.

It depends on your ISA provider but I know from the three main fund supermarkets that IFAs use that its a doddle. I would expect the DIY fund supermarkets to have similar functionality. Only if you with a fund house (old way) it may be harder as you will be reliant on them offering a money market or low risk fixed interest fund and a cash acccount is unlikely.

cheerfulcat

Primrose wrote: »

Turning your equities into cash isn't easy when they're all tied up in Unit Trusts in PEPs/ISAs and I'm not even sure that it's possible to turn them all into cash temporarily. Is it possible if they all held in a Hargreaves Lansdown Vantage scheme?

Yes, no problem - just sell the UTs and the cash will appear in your ISA. HL's interest rates aren't great - have a dig round their site though, because I remember them offering a 6% cash option fairly recently.

Having said that, I have sold bits of one fund which was well in profit but for the rest, I'll be sitting tight and buying more here and there. FWIW.

nomoneyuser

who is gonna cut their loses and withdraw to cash?

I was considering if it would be better to move my ISA into a non-western bank on the basis that China is apparently the strongest economy with the most liquid assets. Would HSBC be better bet than Egg? The rate is better and I am wondering if HSBC may have a better future!

esbo

EdInvestor wrote: »

I agree, it's the uncertainty that causes the problem. Interesting to note that 10 of the biggest banks (incl Barclays) have set up a $70bn self help "liquidity fund" , subscription $7bn.Each can access it to the tune of $30bn if necessary.

When you think that a year ago, the banks were so nervous they wouldn't lend a penny to each other - hence the credit crunch - the fact that 10 of the biggest banks can find nine others they can trust for $7bn is quite an advance.

The bailout of Freddie and Fannie last weekend also should put a floor under the US mortgage market, definitely necessary.Though there will likely be more crunch victims,it's possible to see the building blocks of recovery here.

.

Ha ha, is this little more than self delusionment?
I doubt none of the 10 banks have the $7bn spare they have promised and
are relyng on the delusion that the other 10 will have cash to bail themselves out.:rotfl:

justpaper

153 years of financial knowledge, and they go bust,. :rolleyes: somethings not right