Debate House Prices


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What will happen when interest rates rise?

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Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    MFW_ASAP wrote: »
    More drops today...

    Low point of the year.

    Public finances in surplus for July was a healthy sign. First time in 3 years.
  • mystic_trev
    mystic_trev Posts: 5,434 Forumite
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    IG Index predicting the FTSE to open under 6,000 this morning.
  • chucknorris
    chucknorris Posts: 10,793 Forumite
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    edited 24 August 2015 at 8:55AM
    mystic_trev wrote: »
    IG Index predicting the FTSE to open under 6,000 this morning.

    I'll be investing today, not sure how much at the moment, I'm still thinking it over. I think the change allowing Chinese pension funds to invest in the market is very good (for the long term, although I don't think it will make any short term dramatic change).

    I also think that I will switch some funds from accumulation to income, it won't make much difference to my holdings, but it will lock a 'paper loss' in and reduce this year's CGT bill to zero. I have gone off accumulation funds anyway, I prefer to be more 'hands on' when re-investing.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • MFW_ASAP
    MFW_ASAP Posts: 1,458 Forumite
    chucknorris wrote: »
    I'll be investing today, not sure how much at the moment, I'm still thinking it over. I think the change allowing Chinese pension funds to invest in the market is very good (for the long term, although I don't think it will make any short term dramatic change).

    Might be a little premature, I can imagine falls all this week as turmoil continues, but good luck to you.
  • chucknorris
    chucknorris Posts: 10,793 Forumite
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    MFW_ASAP wrote: »
    Might be a little premature, I can imagine falls all this week as turmoil continues, but good luck to you.

    If it drops again, I will put some more in later, but I want to make sure that I grasp this buying opportunity. OK, it might fall over the next few days, but it might also bounce too, the important thing is that I'm happy to buy at this price.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    It's been a bit choppy but the FTSE hasn't dropped below it's 24th August price. It's actually 7% higher now than then.

    Don't know if MFW_ASAP is still holding out for 5500 to buy back in. I'll keep buying as normal but 5500 or below around Christmas bonus time would be most welcome.
  • chucknorris
    chucknorris Posts: 10,793 Forumite
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    wotsthat wrote: »
    It's been a bit choppy but the FTSE hasn't dropped below it's 24th August price. It's actually 7% higher now than then.

    Don't know if MFW_ASAP is still holding out for 5500 to buy back in. I'll keep buying as normal but 5500 or below around Christmas bonus time would be most welcome.

    I invested some more just below 6,000 and then again at about 6,150, I could have invested even more, but I didn't want to go 'all in'.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    chucknorris wrote: »
    I invested some more just below 6,000 and then again at about 6,150, I could have invested even more, but I didn't want to go 'all in'.

    Apart from diversifying as dividends come in and diversifying generally my only call is that over the long term the FTSE will rise so I'm always all in and always adding.

    I dug this one up because I'm always interested in the 'big call' whether it's 'London has peaked', 'I'm out of the FTSE until 5500' et al. because the most money I've ever made, apart from completely lucky calls, is doing nothing.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    wotsthat wrote: »
    Apart from diversifying as dividends come in and diversifying generally my only call is that over the long term the FTSE will rise so I'm always all in and always adding.

    Mining stocks don't look healthy. :eek:

    Potentially nor do banks. Standard Chartered has 4.5% of it's loan book exposed to commodity companies. Globally debt owed to the banks by the miners is estimated to be $125 billion. Must be some nervous bankers at the moment.
  • cells
    cells Posts: 5,246 Forumite
    Thrugelmir wrote: »
    Mining stocks don't look healthy. :eek:

    Potentially nor do banks. Standard Chartered has 4.5% of it's loan book exposed to commodity companies. Globally debt owed to the banks by the miners is estimated to be $125 billion. Must be some nervous bankers at the moment.

    surely the banks only lose if the companies go bust

    and commodities like farming will always exist, at most a few marginal miners might go to the wall
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