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The Stock Market Takes Another Dive - Steer Clear ?
Comments
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If you are worried you might lose your shirt on the FTSE then you have bigger things to worry about: our economy would have to pretty much collapse.
Well quite. Unless you take silly risks with just a few companies, or a single sector (ahem, let's ignore my tech shares!) then it's a choice of either investing in equities or in MREs.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: »Well quite. Unless you take silly risks with just a few companies, or a single sector (ahem, let's ignore my tech shares!) then it's a choice of either investing in equities or in MREs.
It depends how you define losing your shirt. To some people losing 10% of their capital would be perceived as that, and that's quite easy to do on the FTSE100.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: »It depends how you define losing your shirt. To some people losing 10% of their capital would be perceived as that, and that's quite easy to do on the FTSE100.
What do you mean be "losing"? Do you mean the value of your holdings drops by 10%? Yes, that happens a lot. However, unless the holding in question is a total wipe out (hence diversity) then this is just perfectly normal volatility and can be ignored.
Of course, even better than ignoring it is working it to your advantage. My watch list is starting to look like a box or irresistible chocolates. Not quite as tempting as last August (those sell-offs were utterly indiscriminate!) but even so ...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 FTSE 100 now at 5298, 23.5% below its 1999 all time peak. All sorts of big-time negative indicators out there, and not many (if any) positives.
Steer clear, or buy as a gamble on it being near the nadir and risk shirt-losing ?
And approx 50% higher than it was on 6th March 2009
Mmmmmm is it better to buy when it is 23.5% lower, or when it is 50% higher? 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Mmmmmm is it better to buy when it is 23.5% lower, or when it is 50% higher?
<singing>
And when they were only half way uuuuuuup ... they were neither up nor down.
</singing>
The answer to your question is that it's always better to buy now. Unless you really do have Ninja skills in market timing, drip feed.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 -
It really depends on what you believe about the 'Iran War'. If you believe it will happen there will be a 'the sky is falling in moment'. Perhaps the present turmoil in the markets is a factoring in of the ever increasing chances this will happen? Is the moment approaching when it will force reluctant politicians hands?0
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Precisely.And approx 50% higher than it was on 6th March 2009
Is the future for equities looking any better now than it was then?
If so I'd like to know why?“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
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Glen_Clark wrote: »Is the future for equities looking any better now than it was then?
If so I'd like to know why?
No, the future for equities was looking better back then. Were you investing back then? If not, why not? Are you investing now? If not, why not?
Sorry if that sounds harsh, but these are important questions.
When everything looks rosy, all the figures look great, and every man and his dog is saying that NOW is the time to invest ... that's the time to reduce your equity holdings IMO.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 -
All very uncertain...but sometimes the best time to buy...
For those that dabble in individual stocks I can see how it can be tempting at the moment..
Keeping it simple and familiar..we have Tesco on a forward P/E of 8 and a yield of over 5%...maybe we'll have a bumpy ride but that could give someone a nice 20-30% over say two years time.
http://www.share.com/cgi-bin/oicgi.exe/inet_tsc_dl2?epic=TSCO0
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