Current market carnage - anyone selling or buying?

Thrugelmir

A_Flock_Of_Sheep wrote: »

No they aren't alone in this view. I keep telling people but they don't listen. But RBS obviously are more believable than me despite the fact they fib a bit and got fined £390m for LIBOR mischief.

Fred the Shred has become a recluse and tinkers with his car collection now. Life goes on.

And Goldman Sachs settled for $5.1 billion over bond mis-selling yesterday. Still in business and highly profitable.

A_Flock_Of_Sheep

Best thing is sell up the old portfolio and donate the all the dosh to your favourite charity and then you don't have the nause/worry/stress/concern about it performing.

InvestInPoker

Thrugelmir wrote: »

So is it banks that you hold a personal grievance against?.

No, and I don't let personal grievances cloud my judgement on a financial decision anyway.

Just because I hold the view it is bad to listen to RBS for financial "advice" does not mean I hold a grievance against them. That is a logical failing.

The guy has predicted doom constantly btw and been wrong constantly. But you don't care about that of course.

http://blogs.spectator.co.uk/2016/01/the-author-of-the-rbs-sell-everything-note-has-been-predicting-disaster-for-the-last-five-years/

gadgetmind wrote: »

I'd no more trust a bank to give investment advice than I'd trust a crocodile to recommend a safe place to swim. And that's whether retail (they sell what makes them most money) or investment banking (they ramp what they hold and trash what they short.)

You also need to look at track record. Their ability to manage risk, assess the economic cycle, and perform due diligence as part of M&A, aren't exactly what you'd call top notch.

I'm sure that they are all *very* well paid but they clearly aren't the sharpest chisels.

Exactly

InvestInPoker

A_Flock_Of_Sheep wrote: »

Best thing is sell up the old portfolio and donate the all the dosh to your favourite charity

I'll be in need of the charity soon enough, just another few years of this.

Thrugelmir

InvestInPoker wrote: »

No, and I don't let personal grievances cloud my judgement on a financial decision anyway.

Would you buy a petrol engined VW?

george4064

Ive just been sitting and holding. My portfolio was up each month in oct, nov and dec. I predict its down about 4% so far in Jan, will wait to see the Jan month end position

Pagg

A_Flock_Of_Sheep wrote: »

Best thing is sell up the old portfolio and donate the all the dosh to your favourite charity and then you don't have the nause/worry/stress/concern about it performing.

Will do, provided said charity signs up to pay me an annual amount in line with my expectations, with a chunk left over to leave. Doesn't it work that way?

moneyfoolish

Bankers, politicians, the FIFA hierarchy, the IAAF hierarchy, the Public Services hierarchy, etc., etc. are all in it for themselves. All either completely corrupt or looking out to increase the massive salaries they already receive with many of them having never done a decent days work in their life! I saw this happening even at the level I was working where rewards were not given on ability to do a job properly but the ability to stand up in front of an audience of spout rubbish to people who wouldn't know the truth from fiction! The world has gone mad with a huge proportion of people who see a job as nothing more than an opportunity to move to another level of greed!

masonic

At RBS, we believe that you should always be prepared for financial meltdown. That's why we recently warned investors to "sell everything"...

...so that they can buy our Guaranteed Equity Bond. By linking the interest it pays to the performance of a basket of indices from around the world (World Basket), the Guaranteed Equity Bond enables you to benefit from potential gains in the stock market, while offering you complete protection for your original capital investment, provided you hold the bond for the full term...

Doshwaster

Glen_Clark wrote: »

I find the best thing after a market crash is exercise, a long strenuous walk maybe, to take your mind off it.
The worst thing is probably alcohol?

Just logged into my HL account to take a peek.

I feel like a stiff drink.