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Whats been your biggest financial blunder
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Should have added, I too have a big chunk of cash sat twiddling it's thumbs waiting...
I'm putting our shiny new S&S ISA subscriptions into the markets in 3-4 instalments with 25% done in April, and the rest going in during May to July.
After that, I'll be back down to sub 5% cash in various pots and sub 10% overall including NS&I linkers. I hope this won't be my largest ever financial blunder!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 -
Messing around with various trading, sorry gambling platforms and losing a lot of cash thinking I knew more than the shysters that run them.
As the above I have about 70-80% of my wealth sitting in a low interest bearing account and no way am I ready to deploy at all time highs. It is excruciating to watch. I am a pretty good businessman but absolutely terrible when it comes to investing my personal wealth. Too much paralysis by analysis with both sides of the economic argument bull and bear pumping doubt into your head.
There are no good investments now. Equities, too high, Bonds about to crash, Gold has been whacked, Real estate is kept aloft by the corrupt politicians and their interest rates.0 -
Getting married. Twice. I am the only woman I know to end up with 2 ex MILs, never had a honeymoon, and came away with less money than I went in with!0
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There are no good investments now. Equities, too high, Bonds about to crash, Gold has been whacked, Real estate is kept aloft by the corrupt politicians and their interest rates.
I carefully read all those arguments (dunno why!) and just keep on investing into a combination of equities, bonds, property and gold.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 -
Messing around with various trading, sorry gambling platforms and losing a lot of cash thinking I knew more than the shysters that run them.
As the above I have about 70-80% of my wealth sitting in a low interest bearing account and no way am I ready to deploy at all time highs. It is excruciating to watch. I am a pretty good businessman but absolutely terrible when it comes to investing my personal wealth. Too much paralysis by analysis with both sides of the economic argument bull and bear pumping doubt into your head.
There are no good investments now. Equities, too high, Bonds about to crash, Gold has been whacked, Real estate is kept aloft by the corrupt politicians and their interest rates.
Story of my life too, Jabba. It's only taken me 30+ years of investing to get the hang of it and discipline myself to buy when prices are low and not get suckered by 'fad' share. Sitting of cash earning 1.7% is torture but, having been through a few 'crashes', I know these returns will look decent if markets fall from current levels (and when they do fall, there won't be time for Joe Private-Investor to get out)0 -
gadgetmind wrote: »I carefully read all those arguments (dunno why!) and just keep on investing into a combination of equities, bonds, property and gold.
Same here, ive been dripping money in for 12 months now.
Ive been reading for 9 months peoples theories on the market being ripe for a dive, its not done yet, may well do, but for all the woes of Europe, world economies etc compromises/a way through is often found.
Id say there is as much chance of the FTSE hitting 7000 this year as dipping below 6000? No one knows where its going, it'll either crash and burn and the told you so's will be right or the told you so's will have missed out on a 40-50% rise in 12 months.
I bought into Legg Mason Japan Equity last week on a wing and a prayer / rather large punt, im still skeptical whether ive missed the boat entirely and whether its ripe for a crash but its up 6% in the last week.0 -
My biggest financial blunder (but not in overall value terms) was buying Premier Foods shares at the bargain price 18 months ago, getting cold feet when the price fell and selling at a loss only to watch them triple in the next couple of months.0
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I bought into Legg Mason Japan Equity last week on a wing and a prayer / rather large punt, im still skeptical whether ive missed the boat entirely and whether its ripe for a crash but its up 6% in the last week.
The question is at what point do you realise any gain before it evaporates?
I'm trying to hedge my bets, I have a substantial sum (for me at least) in equities and bonds while also sitting on a pile of cash.
A 6% rise in a week is great, but when nothing has changed to cause it? There is no real economic growth or anything else to report that explains it, other than governments flooding markets via banks with increasingly worthless paper which then ends up being thrown at the markets because manipulated interest rates leave little option, it should tell you this isn't going to end well.'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB0 -
Same here, ive been dripping money in for 12 months now.
Ive been reading for 9 months peoples theories on the market being ripe for a dive, its not done yet, may well do, but for all the woes of Europe, world economies etc compromises/a way through is often found.
Id say there is as much chance of the FTSE hitting 7000 this year as dipping below 6000? No one knows where its going, it'll either crash and burn and the told you so's will be right or the told you so's will have missed out on a 40-50% rise in 12 months.
I bought into Legg Mason Japan Equity last week on a wing and a prayer / rather large punt, im still skeptical whether ive missed the boat entirely and whether its ripe for a crash but its up 6% in the last week.
Quite often the market takes the stairs up and the elevator down. Warren Buffet keeps 20 billion in cash ready to deploy when things get nasty, I am selfishly hoping this happens
Market timing is a fools game, I totally agree but also buying at all time highs would be foolish IMO if you look at Fundamentals in the EU/China. I would rather sit it out now and cry over my potential lost profits.0 -
A 6% rise in a week is great, but when nothing has changed to cause it? There is no real economic growth or anything else to report that explains it, other than governments flooding markets via banks with increasingly worthless paper which then ends up being thrown at the markets because manipulated interest rates leave little option, it should tell you this isn't going to end well.
I think JohnRo has it. Low interest rates mean the only way to get a reasonable return is to buy shares for dividends, if nothing else, with yields often in the 3% to 5% range. If inside an ISA then the percentage rate looks pretty good compared to cash.
But it is a worry that there aren't any signs of genuine growth to underpin the current market levels.People who cannot find time for recreation are obliged sooner or later to find time for illness ~ John Wanamaker0
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