Current market carnage - anyone selling or buying?

Malthusian

Lost £20K on POG.

I didn't know they still made those. Should have stuck with tried and tested Top Trumps.

Basically you name it and I'm in it at the wrong time; someone has to be I guess.

Nope.

Chess is a zero sum game, the stockmarket is not.

InvestInPoker

I am a night owl and watching the asian opens everything is markedly down again, preparing for this thread to get a lot longer .

Of course everything can change around in a second and this post could be old hat in 5 hours. Nevertheless could this be the time flock of sheeps "further falls to come" is proven right :cool:.

Gadfium

Well, I've just stuck another couple of £K into VLS 80% Acc. I've been investing in this fund since 2013 and it's been a bit up-and-down. I'm planning to be in it for at least another 10 years, so I am hoping that it improves. So far, my pot is up 4% down 0.13% overall. At the moment, I would have made better gains by bunging it in current accounts! :rotfl:

EdGasket

Linton wrote: »

POG? whats that?

I hope you havent sold your asian funds, resources and oil stocks. As long as you werent invested in the minnows you should be fine in the medium term. Selling on a fall is a good way to lose err half your wealth in 10 years.

Suggest that with your remaining £133K you invest in a broad range of funds covering all geographies, company sizes from small to large, and a balanced set of industries. And then dont sell/buy anything for a year or three.

Well that is contradictory advice. Don't sell asian funds, resources and oil stocks BUT
with your remaining £133K you invest in a broad range of funds. How am I supposed to raise £133K 'to invest in a broad range of funds' without selling the lot (all my current holdings) at depressed prices? I have no money; all I have is a bombed out bunch of shares and funds that I was hoping would fund my retirement but evidently now will not.

EdGasket

george4064 wrote: »

Im pretty sure POG is epic code for Petropavlovsk PLC.

Yes that is correct. Fell from about £16 to 5p and has had massive dillution at 5p so no chance of ever going back to £16.

grey_gym_sock

EdGasket wrote: »

Well that is contradictory advice. Don't sell asian funds, resources and oil stocks BUT
with your remaining £133K you invest in a broad range of funds. How am I supposed to raise £133K 'to invest in a broad range of funds' without selling the lot (all my current holdings) at depressed prices? I have no money; all I have is a bombed out bunch of shares and funds that I was hoping would fund my retirement but evidently now will not.

i can't speak for Linton, but what are your current % exposures to asian, to resources, and to oil? if they are not dangerously high, then perhaps stick with them; if they are excessive, at least cut the exposure.

perhaps you should consider scrapping the whole portfolio and reinvesting it all in something more fool-proof, like vanguard strategy.

EdGasket

grey_gym_sock wrote: »

perhaps you should consider scrapping the whole portfolio and reinvesting it all in something more fool-proof, like vanguard strategy.

Well I have thought about selling all the bombed out stuff like gold, oil, resources, and supermarkets but tbh I have already taken the hit so wouldn't raise much on them now. And I know for sure if I were to sell, they'd all recover in double-quick time!

Glen_Clark

EdGasket wrote: »

Well I have thought about selling all the bombed out stuff like gold, oil, resources, and supermarkets but tbh I have already taken the hit so wouldn't raise much on them now. And I know for sure if I were to sell, they'd all recover...

There must be lots of us in the same situation with those sectors (me included)

JohnRo

Glen_Clark wrote: »

There must be lots of us in the same situation with those sectors (me included)

BRWM is my worst performer, current valuation stands at -65%, -55% overall. Disappointing but not entirely unexpected.
Rather than fretting, I want to hold that sector in my portfolio and so the next scheduled rebalance, at today's prices, will reduce the average cost by 40%. Something to look forward to, if the valuation goes lower in the short term then the better the result in the end.

gadgetmind

Glen_Clark wrote: »

There must be lots of us in the same situation with those sectors (me included)

Yes, but only with a small percentage of our portfolios.

We also have some BRWM, which will almost certainly get topped up when we next rebalance. A lot of sectors and markets have done better relatively speaking, as have our bonds, and of course the dividends keep rolling in and need reinvesting.