Is the stock market over heating?

A_Flock_Of_Sheep

Glen_Clark wrote: »

Does Tim Hale mention QE?
I thought his book was publidshed before QE, and that is the game changer as far as I can see.

No I couldn't see anything in there about that. The other book I have called investing for income covers some income bits and pieces I have never heard of such as PIBS.

I have also found the website DIY Investor to be inspirational. The guy seems to work on Investment Trusts and individual shares. He does not seem to have any bonds but has an Inv Trust Ticker NCYF yielding over 6%

Thrugelmir

redbuzzard wrote: »

Do you mean Secure Trust (STB)?

Crafty Old Hen tonight. :beer:

So not totally focussed....:)

Thrugelmir

A_Flock_Of_Sheep wrote: »

No I couldn't see anything in there about that. The other book I have called investing for income covers some income bits and pieces I have never heard of such as PIBS.

I have also found the website DIY Investor to be inspirational. The guy seems to work on Investment Trusts and individual shares. He does not seem to have any bonds but has an Inv Trust Ticker NCYF yielding over 6%

Read the Investors Chronicle every so often.

marathonic

gadgetmind wrote: »

They happen with the speed of a striking slug.

You're analogy seems apt enough. I received a letter from my previous pension provider this morning, dated yesterday, stating that they'd sent the funds to Aegon but, on logging into Aegon's website, there's no sign of them yet.

I can't see any reason why I'll not be fully invested again tomorrow or the next day.

I'm pretty happy to have been out of the market since 20th but this whole 'timing the market' isn't something I'll be trying out frequently, if at all, again.

If things stand where they're at now, it looks like I've missed about 6% of the pullback, however big it turns out to be. However, as we all know, that 6% could be made up in 2-3 days if things turn rosy again.

Even without transferring companies, my experience of selling funds with Legal & General has shown me that selling takes 2 days and buying back is likely to take the same. With a 4-day turnaround, there's no point in trying to react to any news, good or bad.

A_Flock_Of_Sheep

My sheepdog predicts that today the market will mostly be:

Down-diddly-down-down.

srcandas

A_Flock_Of_Sheep wrote: »

My sheepdog predicts that today the market will mostly be:

Down-diddly-down-down.

Clever doggie although there does seem to be some resistance now. The FTSE100 is plagued with ex divis, there are green figures especially away from the main indices, and the gamblers are not looking for a US fall at the opening.

But with no real good news I think time to sit and wait. Perhaps even till a certain race day in the autumn

A_Flock_Of_Sheep

One of my funds has gone ex dividend today and it looks like the price has dropped. First dividend for me is end of July from the same fund. But I remain largely un invested. I am thinking to wait a while until the day you think of.

gadgetmind

A_Flock_Of_Sheep wrote: »

Some of the infrastructure trusts are at a premium so unsure what to do about them

I'm only adding to mine as they issue new shares, which usually means you can buy at around nav. You can often apply for additional shares over and above your allocation, which is nice.

However, I've started adding more to commercial property lately as there are still decent discounts around.

Glen_Clark

gadgetmind wrote: »

I've started adding more to commercial property lately as there are still decent discounts around.

I haven't found any. I looked at BLND which appears to be trading around book value. Then FCPT which was on a 12% premium :eek:

jimjames

Some interesting comments on markets and QE effects by Robert Peston here

http://www.bbc.co.uk/news/business-22870837