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FTSE down over 4%

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Comments

  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 4 October 2011 at 3:51PM
    Graham_Devon wrote: »
    Down another 3% today, taking it to fresh 12 month lows....if the fall holds up that is.

    Notice that Warren Buffet and a single quote has become extremely popular with the head in sand crowd on the share boards again! Wonder if they actually ever look at their portfolios, after continuously buying on every single new "bottom".

    I've put more into the ftse today and I will put more in next month when another fixed rate bond matures. I don't think I have my head in the sand I just want a better balanced portfolio, I am not happy holding too much in cash and I'm happier putting it into the ftse when most are selling rather than buying. I'll sell much further into the future (3-10 years?) when most are buying.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    chucknorris wrote: »
    I've put more into the ftse today and I will put more in next month when another fixed rate bond matures. I don't think I have my head in the sand I just want a better balanced portfolio, I am not happy holding too much in cash and I'm happier putting it into the ftse when most are selling rather than buying. I'll sell much further into the future (5-10 years?) when most are buying.

    Same here. My sipp is now 100% invested - next month my usual payment will go into it and be invested as well.

    My mindset has changed. I monitor the stock markets less and find myself slightly disappointed when they go up as I'll get less shares for the money.
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    Graham_Devon wrote: »
    Notice that Warren Buffet and a single quote has become extremely popular with the head in sand crowd on the share boards again! Wonder if they actually ever look at their portfolios, after continuously buying on every single new "bottom".

    I wish I'd sold up 3 months ago but didn't so here I am. Only a fool would sell up now.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Graham_Devon wrote: »
    Down another 3% today, taking it to fresh 12 month lows....if the fall holds up that is.

    If take a look at the FTSE constituents very heavily weighted towards commodities and miners in particular. So has little direct bearing on the UK economy.
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 4 October 2011 at 4:23PM
    wotsthat wrote: »
    I wish I'd sold up 3 months ago but didn't so here I am. Only a fool would sell up now.

    I was lucky I did sell when it was just over 6,000 (but I sold at about 5,350 and only my non isa tracker) but I've bought back in again now and like you I'm just happy to wait.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • robmatic
    robmatic Posts: 1,217 Forumite
    wotsthat wrote: »
    Same here. My sipp is now 100% invested - next month my usual payment will go into it and be invested as well.

    My mindset has changed. I monitor the stock markets less and find myself slightly disappointed when they go up as I'll get less shares for the money.

    The magic of pound-cost averaging... changes your mindset somewhat.
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