Now Is Not The Time To Sell Your Stockmarket Investments

[Deleted User]

I have been hearing chaos as people rush to sell there investments at one of the lowest points in the stockmarket for a long time. Smacks of capitulation, we could be in for more next week with many pros looking for 3200-3500 on the FTSE100.

Dont do it, things are likely to get better in the next 20 days the next 6 months and might even fully recover in 2-5 years time.

Look at the long term charts these sort of valuations happen occasionally and as long as your not a forced seller can be looked at as a opportunity to top up or to simply sit tight and enjoy the ride.

Be happy, be prosperous :beer:

Now watch the doomsters join this thread and say that everything is now without value. :rotfl:

angelus

I sold at 5700 and am glad i did. We have never had a credit crisis like this before so even 3200 may not be near the bottom. If things get worse with the banks it may take a heck of a lot longer for people to trust the banking system again than 5 years.

[Deleted User]

Providing you dont wait until the market hits 6000 before you buy back then you have preserved some capital by predicting ensuing panic.

If however you bought at 7000 sold at 5700 are waiting till 9000 to buy back and sell again at 6500 then you have done badly.

You get me ;-)

ad44downey

Don't listen to Yant!. This guy is a fraud.

He said a few months ago to buy hbos shares and that they were worth £6 - £7

What are they worth now? About a £1. :rotfl:

If you want share tips you'd be better off asking your pet dog.

casper_uk

I disagree, we are in for a recession and the bad times have only just started. The woman guest on bloomberg today was spot on, she stated that you can't beat the market cycle and it's true. A recession is a natural part of the market cycle and we are in for another one now, so i don't think now is a good time to be holding stocks and shares.

There is no good reason to think that the markets will improve any time soon. They won't till after the recession imo. Still your entitled to your opinion

Nick_C

City AM (free London financial paper given out at the stations in the mornings) on Monday were suggesting this was the time to get into the market. FTSE has since fallen by 20% ! Of course, no one knows how low it will go, and it depends what stock you are holding. I do tend to think that the recession is going to get a lot worse. All we have seen so far is the effect of the US problems on the banking system. Wail till tens, if not hundreds, of thousands of people lose there jobs and the property market really crashes. Of course there is a chance that shares will not fall further, even as the recession bites, if they are already seriously undervalued. Its anyone's guess. The volatility in market prices is astonishing, and the price of shares currently bears no relation to the value of the companies.

[Deleted User]

ad44downey wrote: »

Don't listen to Yant!. This guy is a fraud.

He said a few months ago to buy hbos shares and that they were worth £6 - £7

What are they worth now? About a £1. :rotfl:

If you want share tips you'd be better off asking your pet dog.

I didnt say buy them I said dont sell them ;-)

I will bring this post back up when the new HBOS/LLOY group hits £6 and it will.

[Deleted User]

Nick_C wrote: »

City AM (free London financial paper given out at the stations in the mornings) on Monday were suggesting this was the time to get into the market. FTSE has since fallen by 20% ! Of course, no one knows how low it will go, and it depends what stock you are holding. I do tend to think that the recession is going to get a lot worse. All we have seen so far is the effect of the US problems on the banking system. Wail till tens, if not hundreds, of thousands of people lose there jobs and the property market really crashes. Of course there is a chance that shares will not fall further, even as the recession bites, if they are already seriously undervalued. Its anyone's guess. The volatility in market prices is astonishing, and the price of shares currently bears no relation to the value of the companies.

They are correct as the downside is comparatively small to the infinite upside. Every bear market is the buying opportunity and every bull market is the selling opportunity. Unfortunatly people act insane when it comes to investing and go vice versa to lose themselfs money.

Money doesnt disappear and inflation is pretty high.

The markets will be very bad next week, there will be no hope there will be blood on the streets.

And a man called Warren Buffett will be buying it all and make his shareholders another fortune by acting sanely in a insane world.

ad44downey

Yant1 wrote: »

I will bring this post back up when the new HBOS/LLOY group hits £6 and it will.

Nice one Yant!, keep telling the funnies :rotfl::rotfl:

If Lloyds pulls out of the deal you'll get zero for hbos shares or
If the government nationalises the banks you'll get zero for hbos shares

Nick_C

With the new support for the banks made available this week, I think there is a chance that HBOS may survive as an independent bank. Would be good for consumers in the long run. I believe HBOS is viable, and its problem was liquidity. Think it could still have good long term prospects. Or it could be nationalised next week. But I've bet a grand on long term prospects. Hey, its more fun that putting it on the 2.45 at Newmarket.

opinions4u

Nick_C wrote: »

With the new support for the banks made available this week, I think there is a chance that HBOS may survive as an independent bank. Would be good for consumers in the long run. I believe HBOS is viable, and its problem was liquidity. Think it could still have good long term prospects. Or it could be nationalised next week. But I've bet a grand on long term prospects. Hey, its more fun that putting it on the 2.45 at Newmarket.

The only thing that seems unclear at HBOS is are there any real nasties under the table that we haven't seen yet.

Profits down, but okay at 30th June.
Mortgage write-offs and arrears better than industry average.
Still pushing mortgages heavily with radio and poster advertising.

BUT:

Alt-A - any more losses on this?
Buy to let - how much at what loan to value?
Sub prime - how much at what loan to value?
Clean lending on city centre flats - how much at what loan to value?
Stayed in the 97% and 95% markets for longer than most - did this attract quality customers or risky customers?
How much further will house prices go down? 13.3% so far - when is the bottom?

I bought in at around 520p - not sure I'll get that back in the next 5 years!