Anyone waiting for a default to invest their ISA?

talexuser

I recently took advantage of the latest market dip to reinvest my rebate commission sitting in cash when prices were low. Next is this years ISA allowance. Anyone else waiting for a Greek default or Euro crisis to trigger a (mini?) crash as an opportunity to buy cheap for the long term?

dealer_wins

We all are, free money!!!

Anthorn

I think it's more likely that there will be a EU crisis and less likely a Greek default:

Francois Hollande is pledged to rock the boat over the current EU treaty and has been told bluntly by the head of the Bundesbank to leave the financial services tax alone. That won't sit well with the French because it graphically shows which country stands to gain the most from the tax and also usurps the authority of the European Central Bank in which the French have great faith. The question raised is "Who rules?"

In Greece, the Socialists who were pledged to dump the EU and it's obligations over the rescue package failed to make a coalition government and there is currently deadlock because none of the party's can agree and there is likely to be another election if they can't reach a compromise.

So while all eyes are on Greece the events in the rest of the EU fly over their heads unnoticed.

This has been your friendly political analyst on Channel MSE.

srcandas

No S&S ISA but I'm dumping to cash. However I think like Anthorn that Greece is not the problem but France and Spain :beer:

Totton

srcandas wrote: »

... I'm dumping to cash. ...

Or are the buying signals getting stronger as retail investors start dumping stock?

Best Wishes,
Mickey

srcandas

Totton wrote: »

Or are the buying signals getting stronger as retail investors start dumping stock?

Best Wishes,
Mickey

Mickey that's always a possibility but the problems of Spain are not going to go away quickly even if they botch a compromise for Greece and such doubts will hold back (I think ) any mighty recovery. So I think the buying of bargains period will be around for a while. However a military coup in Greece or the regions grabbing independence in Spain would see a big market fall I fear.

But none of this is to be taken as investment advice of course

guitarman001

I'm waiting for the housing market here to crash else it's bye-bye! Definitely happening:
http://www.bbc.co.uk/news/uk-scotland-scotland-business-18028832

gadgetmind

srcandas wrote: »

No S&S ISA but I'm dumping to cash.

Sell low. Check.

Can I safely assume your next step will be to buy high?

srcandas

Gadget the market is close to the top of its third hump in 15 years. Twice in this time it has been below 4000.

Just for fun of course but I bet you a mars bar we see below 5000 for the FTSE 100 before the Euro mess is resolved. :beer: