why are all shares generally tanking? FTSE was 6800+ now 6500

wotsthat

ChopperST wrote: »

Insightful link on the Boggleheads forum this morning for anyone who is interested.

http://awealthofcommonsense.com/worlds-worst-market-timer/

I update my portfolio on a weekly basis in my personal finance software. When markets fall like this I do it monthly, every two months or even quarterly. Anything to prevent myself from doing anything rash.

I won't delay my next share purchases and, if anything, try and scrimp some extra cash together to buy more. I'd love to be able to buy in at this level with my Christmas bonus.

ChopperST

Very much the same, work is generally lean between October and December so I don't have the spare cash at the moment to buy in. Might be tempted to dip into the emergency fund but the last time I did that the Mrs got made redundant and don't want to tempt fate again!

marathonic

Does anyone have a good source for up-to-date information on the current dividend yield of the various indexes and, in particular, the FTSE 100?

MFW_ASAP

Generali wrote: »

That's eaten into your CGT. If you keep making those profits you can add CGT to your costs of dealing. Admittedly it's a nice problem to have.

There is no Capital Gains Taxation as I hold all my investments in my pension. With the larger ISA levels, I could also use this tax efficient vehicle to shield my returns from tax.

Generali wrote: »

There are costs only they're in the spread between what you pay for units and what they will buy them back for. I would be very doubtful that the fund would allow dealing costs to be absorbed by the other members of the fund.

Think about it this way. Imagine you're the only member of a fund and you want to cash out. The fund will have to sell its investments to get you your money back. How can it pay its dealing costs if it doesn't charge them to you?

Most funds that I invest in have the same purchase and sales price, but you're correct in saying that some do have a difference between the buy and sell prices and some also have additional restrictions/penaltie of withdawing monies (for example, property funds where cash in invested in illiquid assets). These funds hold millions of pounds and so my small investments wouldn't register on the radar. I usually restrict myself to a maximum of £20k in a single fund.

MFW_ASAP

NorthFin wrote: »

So you cashed out of everything? What are you going to do sit in cash? How long for?

What do you think is the safest investment now for others who want to cash out?

Yes, I don't believe even bonds/gilts are safe at the moments. I'm waiting until the FTSE hits around the 5500 mark before I buy back into the market.

Generali

ChopperST wrote: »

I read Tim Hales Smarter Investing, Bill Schulteis' Coffeehouse Investor as well as following the Monevator blog and the Boggleheads forum in the US. I also read the Naked Trader but decided that passive was very much the route to go for me.

Any other suggestions?

A Random Walk Down Wall Street
Fooled by Randomness

Both are excellent.

The_White_Horse

down to 6095 now. from 6800. reminds me of the crash in 2007/8 except the news seems to be blacking it out.

wymondham

funny .... some headlines are saying this is the ebola effect - the west worrying about shares whilst people are dying..... its an odd world isn't it!!

ChopperST

Generali wrote: »

A Random Walk Down Wall Street
Fooled by Randomness

Both are excellent.

Thanks will download these for my trip to the States next week

PenguinJim

wymondham wrote: »

funny .... some headlines are saying this is the ebola effect - the west worrying about shares whilst people are dying..... its an odd world isn't it!!

Surely worrying about shares and worrying about people dying aren't mutually exclusive..?