where to invest now?

tejero23f

enthusiasticsaver wrote: »

Surely the whole point of investing is that you sell high and buy low? I started investing in January and had been watching it regularly and it was up 4 or 5% in March/April and while it has been rocky for the last month or so I expect it will go up again particularly now it looks as if there is a Greek deal. If you are well diversified and at the right level of risk for you then short term market movements should not make you sell as you then crystallise your losses. I am drip feeding so expect it all to even out over the 10-25 years I plan to invest for.


I am not sure I understand why you sold and are now looking for something else. After all you are losing money now by holding it in cash.

Out of nine funds i bought in Dec-Jan and sold in April four are back to or below the January buy price....so sell high, buy back low or lower


Out of the remaining three, two were sold in March for profit and are now the same price as i sold them so buy back with profit taken

The remaining one (Woodford ) has stayed the same, so no gain or loss.

Surely this is the philosophy that Warren buffett followed

masonic

tejero23f wrote: »

Out of nine funds i bought in Dec-Jan and sold in April four are back to or below the January buy price....so sell high, buy back low or lower


Out of the remaining three, two were sold in March for profit and are now the same price as i sold them so buy back with profit taken

The remaining one (Woodford ) has stayed the same, so no gain or loss.

Surely this is the philosophy that Warren buffett followed

The trouble is the vast majority of people find that their initial positive results were just down to luck and over time they'd have been better not trying to trade in and out of their investments.

bigfreddiel

tejero23f wrote: »

Surely this is the philosophy that Warren buffett followed

no it's not, WB just buys when he knows he's getting a bargain, he very rarely sells. And he can go months and months without buying.

Cheers fj

bigfreddiel

tejero23f wrote: »

Out of nine funds i bought in Dec-Jan and sold in April four are back to or below the January buy price....so sell high, buy back low or lower

Well done! Keep that up consistently and you'll be richer than WB!

Keep us updated with your progress

Cheers fj

tejero23f

Since my last post back in July in which i described selling all my funds in March for a good profit. I miss timed the market and bought again at the end of July only to see big falls into September.
I experienced that sinking feeling watching the red arrows and money gained disappearing in front of my eyes realizing that if i had only waited another 2 weeks.....
After the initial panic i held my nerve and against the natural urge to save what you've got ie..Sell i did the contrarian thing and bought more units of my funds.
The last few weeks have improved, my funds are almost back to where i bought them in July and the new units have made profit.

My funds are as follows for anyone interested-

First State Pacific leaders 25%
Fundsmith Equity25%
CF woodford 25%
Standard life Global Absolute Return Strategies 10%
jupiter India 6%
Henderson European Growth 6%
Neptune Russia and Greater Russia- around 3%

I read the money observer and the Times money section for which i invested in Standard life..which has done nothing.
The others have been picked purely for diversity and what's been going up at the time, nothing scientific and perhaps some luck. It has worked for me so far and i enjoy the thrill of making money for nothing (as i see it). I have been burnt (burned?) a few times but over all have enjoyed the ride rather than leave my money rotting in a bank account.
I also enjoy this website which has provided me with much food for thought and is inhabited with some excellent posters.

My thoughts at the moment are buying Natural resources (Jpm or first state) as they have been low for so long and have started to move.
Any comments welcome

Linton

tejero23f wrote: »

First State Pacific leaders 25%
Fundsmith Equity25%
CF woodford 25%
Standard life Global Absolute Return Strategies 10%
jupiter India 6%
Henderson European Growth 6%
Neptune Russia and Greater Russia- around 3%

I read the money observer and the Times money section for which i invested in Standard life..which has done nothing.
The others have been picked purely for diversity and what's been going up at the time, nothing scientific and perhaps some luck. It has worked for me so far and i enjoy the thrill of making money for nothing (as i see it). I have been burnt (burned?) a few times but over all have enjoyed the ride rather than leave my money rotting in a bank account.

In my view your approach is fine for what you seem to want - a bit of short term excitement. But its not so good for what most people want which is a decent life-changing long term return.

The SL fund is intended to "do nothing" - that's its purpose. Ideally it should just sit there quietly accumulating with a better return than cash whilst the world around it goes to hell and back. It wont of course but it tries very hard.

The next thing lesson to learn after "buy and hold rather than sell in a panic and then buy when prices are high" is not to follow the latest press recommendations. Develop your own high level strategy and buy to satisfy that.

mark13

thanks for sharing. Good to see different approach.

C_Mababejive

Buy BG at the right price,,wait for the merger

Voyager2002

C_Mababejive wrote: »

Buy BG at the right price,,wait for the merger

Buy 'horse manure' ETFs, wait for the upturn.

gadgetmind

C_Mababejive wrote: »

Buy BG at the right price,,wait for the merger

It's a way to get discounted RDSB shares, if that's what you want.