Halifax - September down 1.3% yoy 12.4%

Dithering_Dad

Generali wrote: »

Wikipedia says (link)



A bear market is usually taken to be a fall of 20% or more top-to-bottom.

Cheers Gen. I'm assuming the 20% figure is for both Stockmarket & housing market?

MrDT

luvpump wrote: »

So The Impartial BBC is using Propaganda Techniques on the general populace ?? Surely not :rolleyes:

I have this sat on my bookshelf. Not got round to reading it yet, but I think I already know the answer

mr.broderick

ad9898 wrote: »

Some good news amongst the gloom, I've just saved 4.5k last month, only 1k of which I actually put in the bank

Which bank if you don't mind me asking?

I currently have £34,000 buried in my mum's back garden.

Dithering_Dad

God help me, I've just moved £70k of cash into shares!

Pray for me, chaps!

mrstinchcombe

Dithering_Dad wrote: »

God help me, I've just moved £70k of cash into shares!

Pray for me, chaps!

I pray you lose it all...

Because losing everything seems to be the safest thing to happen with your money because you will probably be bailed out using taxpayers money!

Dithering_Dad

mrstinchcombe wrote: »

I pray you lose it all...

Because losing everything seems to be the safest thing to happen with your money because you will probably be bailed out using taxpayers money!

Hmnn, never thought of it that way. Perhaps I should have invested it in risky off-shore shares to double my chances of getting the UK government to bail me out!

Grrr, don't get me started again on using UK tax payers money to cover Iceland's banking mess!!!!

WTF?_2

mrstinchcombe wrote: »

I pray you lose it all...

Because losing everything seems to be the safest thing to happen with your money because you will probably be bailed out using taxpayers money!

Shares could be worth a punt right now - but it is a punt and you have to be able to lose a lot of lolly if you are a short-mid term investor looking for profit.

On the other hand, if it's long term pension cash and it was cashed-out a while back before the markets fell, it makes sense to take advantage and buy some of the more prestige stocks while they are super-low. The stock market will definitely recover a long way from this over the next couple of decades.

IMO it's a great buying opportunity for those with more than 10 years to go before they take their pension. (Yes, we could be looking at a decade of slump, IMO).

ad9898_3

Dithering_Dad wrote: »

God help me, I've just moved £70k of cash into shares!

Pray for me, chaps!

You'll be ok, the FTSE ain't going to stay at 4300 forever, damn, I wished I had a crystal ball and bought gold like that couple in 2004. $395 per ounce then, drat, drat and double drat.:D

mrstinchcombe

ad9898 wrote: »

You'll be ok, the FTSE ain't going to stay at 4300 forever

No it will be under 4000 shortly

Generali

Dithering_Dad wrote: »

Cheers Gen. I'm assuming the 20% figure is for both Stockmarket & housing market?

The definition is for the stock market and that is just a generally accepted term among people - there's nothing definitive.

I think there isn't a measure for housing markets as most countries usually have relatively stable house prices that are not prone to bubbles as people are generally free to build within reason.

This contrasts with the UK where people are not free to build where most want to live per sq km of land available (the South East). This creates shortage which makes house prices in the region prone to erratic swings in price. Recently that's had a knock-on effect in the rest of the country although I think that isn't the case usually.

Good luck with the stock market investment. Personally I'd have drip fed the money in, say £6k/month over a year.

Look at it in 10 years time and you should have done pretty nicely all though there'll be plenty of ups and downs along the way. Unless capitalism and the shadowy figures forming the corrupt world Government that run it have been overthrown of course in which case we'll either be living in some new Eden or fighting !!!!!! for his last tin of beans.