UK Stockmarket 2009 and beyond

[Deleted User]

Californication wrote: »

Yes, I have captured all of the recent up moves because I don't try to time markets. All the evidence is that people who try to time markets under perform the indices.

--C

Incorrect. I manage my husbands large sipp, he is 61 and I am very market aware. I transferred all his pensions as cash into the sipp in 2007 and started investing in equities pls a lot of gilts. I bought and sold as approprate and the sipp is up 17% from the time I took it over. No index is up by that much as far as I know

I have been in 100% cash at times, after I sold the gilts but have been steadily buying equities and pibs plus a couple of prefs. I was fully invested three weeks ago

ps 4600 is well within our sight and meantime I wait for dividends to drop into the basket while accruing capital within the equities

I do use TA combined with my own `gut` feeling so am not investing blindly at all. Anyone can ride a bull market and feel that they have done well but many fall by the wayside when the indices crash

FATHEROFTWO_2

Stavros wrote: »

Thats what my I.F.A thinks, were starting to take profit from parts of my portfolio in anticipation. But at the end of the day no-one knows, even the world's best investors like Bolton, Buffet etc.

I know a good quality wine company that is popular with the locals and It may be worth putting your cash in.
I love the local wine company.You might know it too:beer:

duck_3

kittie wrote: »

Incorrect. I manage my husbands large sipp, he is 61 and I am very market aware. I transferred all his pensions as cash into the sipp in 2007 and started investing in equities pls a lot of gilts. I bought and sold as approprate and the sipp is up 17% from the time I took it over. No index is up by that much as far as I know

I have been in 100% cash at times, after I sold the gilts but have been steadily buying equities and pibs plus a couple of prefs. I was fully invested three weeks ago

ps 4600 is well within our sight and meantime I wait for dividends to drop into the basket while accruing capital within the equities

I do use TA combined with my own `gut` feeling so am not investing blindly at all. Anyone can ride a bull market and feel that they have done well but many fall by the wayside when the indices crash

Well done kittie and TOP work :beer:
Markets UP again today
Just read the Reports below
FTSE 100


http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/overview/default.stm

Californication

kittie wrote: »

Incorrect. I manage my husbands large sipp, he is 61 and I am very market aware. I transferred all his pensions as cash into the sipp in 2007 and started investing in equities pls a lot of gilts. I bought and sold as approprate and the sipp is up 17% from the time I took it over. No index is up by that much as far as I know

Yes, I should have said "under perform on average", hence

time weighted rather than dollar weighted returns are much higher because people are inclined to buy when markets have risen a lot, but then to sell when they've fallen...

--C

Californication

http://en.wikipedia.org/wiki/Overconfidence_effect

[Deleted User]

Thanks Duck. All, just watch out for the sheep effect and read and re-read about trading psychology for starters and then be objective and don`t ever get wed to a stock

A good book: trading in the zone by Douglas. Brilliant on psychology

I have been on several good courses, when I was running updata realtime and have loads of books eg Nison candlestick books, point and figure by Jeremy du plessis etc. All in all it is the basics that count most ie support and resistance, where sheep gather in herds and make herd decisions. Get away from the herd

oh and be happy with the profit in the middle, I never aim for absolute tops and bottoms. Go with the trend in the main

duck_3

FTSE gains 2% as upbeat data boosts commods, banks


Mon Jun 1, 2009 4:49pm BST


* Miners, oils boosted by gains in commodity prices
* Financials lifted by upbeat data
* Sterling hits highest level since November vs dollar

By Jon Hopkins
LONDON, June 1 (Reuters) - London's leading share index ended 2 percent higher on Tuesday as a batch of upbeat data saw optimism about the global economy rise, boosting heavyweight oils, miners, and financial stocks.
The FTSE 100 .FTSE closed up 88.25 points at 4,506.19, its highest close since early January. The benchmark index rose 4.1 percent in May -- its third monthly rise in a row and the longest winning streak in two years.


The full review below


http://uk.reuters.com/article/londonMktRpt/idUKL165440920090601

sabretoothtigger

Yea I agree with the average gain thing. Being clever about risk vs return is probably the number one skill, hardest to judge and most rewarding (in the long term)

duck_3

• Dow Jones
• Nasdaq
• S&P 500

Dow industrials 8,717.29+216.96 +2.55%
Nasdaq Composite 1,825.38+51.05 +2.88%
S&P 500 943.41+24.27 +2.64%
Market Report

The S&P 500 is working to register a fresh high for 2009, while the Nasdaq Composite has spiked to its best levels of the year and the Dow minimizes its year-to-date loss to less than 1%. Gains are robust and broad-based...
http://moneycentral.msn.com/investor/market/home.aspx

From Times Online
June 1, 2009
Fresh optimism boosts Dow

US stocks rally on hope that the economy is past the worst eclipsing any worries over GM's bankruptcy filing

Elizabeth Judge

US stocks shot higher, following strong manufacturing data from China and the UK and despite the much-anticipated bankruptcy filing by General Motors.
The Dow Jones industrial average rose 2.4 per cent to 8,700.97 while the S&P 500 gained 2.5 per cent to 941.89 and the Nasdaq was up 1.1 per cent to 1,793.20.
In the UK, renewed optimism that the economy is clawing its way out of recession boosted commodity stocks and saw the FTSE 100 close 88.25 points higher at 4506.19.
Mining stocks, lifted by higher crude and metals prices, led the leaderboard, with Vedanta up 143p £17.24, and Antofagasta rising 37p at 666p. Xstrata, which on Friday was the centre of speculation over a potential merger with Anglo American, topped the leaderboard, rising 72p to 756p.




http://business.timesonline.co.uk/tol/business/markets/article6404050.ece

FATHEROFTWO_2

The market often rises on the release of bad news as its out there and sell into good news as the increase has been priced in already.

Im not convinced that this is the start of a new bull rally as yet and it may be euphoria that the bad news is out of the way and people realise that the world isnt going to end but I dont think we are out the woods yet.Once the market settles into the the bad/good news the market may start to drop again.

Im sitting on the sidelines just now and may drip a little cash into some funds tomorrow to hedge my bets in case im wrong as the market may drop as a result of things cooling off.