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The Stock Market Takes Another Dive - Steer Clear ?
Comments
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gadgetmind wrote: »Today I have mostly been buying miners, banks, insurers, general European equities, and yet another mega-discount commercial property REIT.
Doncha just love the sales!
Sales aren't much good when you don't have any money to spend! :mad:
As these are fairly risky sectors, I take it you're putting your money into the big companies to help mitigate risk? BLT, HSBC, RSA, BLND?0 -
I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
gadgetmind wrote: »I get the feeling that very little matters to you. Ah well.
No need to be rude?0 -
Sales aren't much good when you don't have any money to spend!
This is the cash from, 1) the last of my gilts, 2) this year's ISAs, 3) this years CGT allowances.As these are fairly risky sectors, I take it you're putting your money into the big companies to help mitigate risk? BLT, HSBC, RSA, BLND?
BLT yes, HSBC soon, RSA no, BLND another no as I'm being *very* selective with my commercial property buying right now. I need either big discounts, low gearing or (ideally) both.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
GeorgeHowell wrote: »The basis of my argument is consistently missed by some readers. It does not matter in itself whether the FTSE100 index has gone up or down over 10 years or 12 years, or up over 7 years, or any other such factoid. All of these data serve to demonstrate the fact that stocks and shares do go up and down a lot, unpredictably, over long and short periods.
So do the constituents of the index. Something that needs to be factored in. The stars of today more often or not fade away.0 -
No need to be rude?
I'm rarely rude.
Of course, I am fairly often brutally blunt, utterly uncaring, totally tactless, incredibly inept with the old social skills, and somewhat lacking in anything that could even remotely be regarded as empathy, but that's entirely different.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
gadgetmind wrote: »I'm rarely rude.
Of course, I am fairly often brutally blunt, utterly uncaring, totally tactless, incredibly inept with the old social skills, and somewhat lacking in anything that could even remotely be regarded as empathy, but that's entirely different.
Sounds a bit like Nadine Dorries describing David Cameron.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
GeorgeHowell wrote: »Nevertheless swathes of the financial services industry try to flog these products at anyone who will buy them. Many of the potential buyers are not fully aware of implications, or of the risks that they are taking with their capital. I reject that notion that because there are some good IFAs who do not do these things, none of them may be criticised. I also reject the notion that caveat emptor should apply and that if people do not read small print or do their homework then its their own fault if they lose out -- not where life savings and pensions may be at stake, and where the subject is so complex, technical, and potentially confusing.
So you don't think people should use IFAs, you think the financial services industry is not to be trusted, and you don't think people should be required to do their own research. What do you want then - some sort of investment guardian angel to protect these poor innocent rookie investors?
The financial markets are risky, yes, but that's the point - risk and reward are inextricably linked. Taking to little risk is just as damaging as taking too much. If you take too little risk, your money may not grow very much, if at all - and by the end of your investment timeframe you stand a very real chance of not having raised enough to meet your investment goals (e.g. having enough to provide for a secure retirement). The point of a portfolio diversified across different markets and bonds is to help manage that risk. By focusing to much on the FTSE you ignore the fact that a sensible, well constructed portfolio would typically only have 10-30% exposure to the FTSE, or more likely the All-Share - and as dunstonh's example of a diversified portfolio shows, such a portfolio had a higher return than both the FTSE and cash, graphically demonstrating the benefits of such a strategy.
There's a reason pension funds use this strategy of diversified portfolios, rather than being entirely in cash/gold/<insert whatever you think is safe> - and despite your protestations to the contrary, it's not because they make the financial services industry rich.0 -
FTSE 100 got a little spanked today.
Yes, it did, and I hope it turns its cute little backside in the air and takes a right rigorous lashing tomorrow, and every day this week.
My watch list is still fairly long and I still have some dry powder. Fresh power shipment will sadly not be forthcoming until October, but I'm sure the markets will still be well down even then.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0
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