Why isn't anyone panicing?

TheSpaceMan

After the markets are heading down the south like sherman I'm surprised I'm not seeing more concern on the forums. I was just on the verge of dumping £10,000 into a fund last week and then the market just crashed. It's made me think twice about investing but then again I'm kind of thinking let it drop a bit more and then invest so when it does go back up, I'd be buying shares at their "lower" price.

For those of you who literally have your life savings in the markets, how are you not pulling your hair out right now? Does this sort of thing happen regularly? Is it just part of the ups and downs and you know from previous experience that it's just a bump in the road?

bertpalmer

It's just a correction, it happens.

I'm in it for the long term so whilst it's never nice to see the value of your portfolio go down I don't need the money for 30 years.

I definitely wish I had waited before maxing out my S&S ISA earlier in the year - but you can't predict these things.

chucknorris

TheSpaceMan wrote: »

After the markets are heading down the south like sherman I'm surprised I'm not seeing more concern on the forums. I was just on the verge of dumping £10,000 into a fund last week and then the market just crashed. It's made me think twice about investing but then again I'm kind of thinking let it drop a bit more and then invest so when it does go back up, I'd be buying shares at their "lower" price.

For those of you who literally have your life savings in the markets, how are you not pulling your hair out right now? Does this sort of thing happen regularly? Is it just part of the ups and downs and you know from previous experience that it's just a bump in the road?

I just invested £10k a few mins ago.

IronWolf

The FTSE All share tracker is still above where it was in January, so I think anyone thats been in for a while is far from panicking.

Doesn't strike me as the time to go all in, could have further to fall.

TheSpaceMan

I was tempted too but I think i'll give it another day or two just to see if it drops another few percent.

chucknorris

IronWolf wrote: »

The FTSE All share tracker is still above where it was in January, so I think anyone thats been in for a while is far from panicking.

Are you sure about that? I think it is over 2% lower right now.

chucknorris

TheSpaceMan wrote: »

I was tempted too but I think i'll give it another day or two just to see if it drops another few percent.

I don't blame you, I might invest more if it drops again, but obviously I'm hoping that doesn't happen.

Thrugelmir

Time to look for bargains. Corrections such as this turn the ink red (only 3 risers today). Which means some well run financially sound companies have been hit indiscriminately. I'm avoiding funds as oil and miners seem to be taking the brunt.

Thrugelmir

TheSpaceMan wrote: »

For those of you who literally have your life savings in the markets, how are you not pulling your hair out right now?

Still the same companies trading away. Still making the same profits as yesterday. Don't confuse markets with business activity. No correlation.

gzoom

Longterm gains are still there (so my pension is 'safe'-ish). But I'm not brave enough to stick our permium bonds/mid-term savings into this kind of market right now.

jimjames

TheSpaceMan wrote: »

After the markets are heading down the south like sherman I'm surprised I'm not seeing more concern on the forums. I was just on the verge of dumping £10,000 into a fund last week and then the market just crashed. It's made me think twice about investing but then again I'm kind of thinking let it drop a bit more and then invest so when it does go back up, I'd be buying shares at their "lower" price.

For those of you who literally have your life savings in the markets, how are you not pulling your hair out right now? Does this sort of thing happen regularly? Is it just part of the ups and downs and you know from previous experience that it's just a bump in the road?

Yes, it's just a bump in the road. If anything I'll be adding more if the price drops - think of it as a sale bargain rather than a panic. Would you prefer to buy something for £1 or for 80p?

Why are the January sales busy rather than people panicking that the price is lower than December? Yet when it's shares all logic seems to go out the window and people sell rather than buy.