We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Red Day on the Markets

2456

Comments

  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Get a grip guys! This was always going to happen when the Fed started raising rates.
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Generali wrote: »
    Get a grip guys! This was always going to happen when the Fed started raising rates.

    Exactly, there isn't any need to panic, the markets do this every now and then. Very rarely will someone buy at the lowest point and sell at the highest, so don't worry when that hasn't been achieved.
    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
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    chucknorris wrote: »
    I'm in for the long term.


    Well today is (or was) as good a day as any to stock up on the trackers in that case. IMO.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    chucknorris wrote: »
    Exactly, there isn't any need to panic, the markets do this every now and then. Very rarely will someone buy at the lowest point and sell at the highest, so don't worry when that hasn't been achieved.


    The financial landscape is very leveraged and interlinked though, so depending how and where you are positioned there may well be much need to panic.
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Crashy_Time wrote: »
    Well today is (or was) as good a day as any to stock up on the trackers in that case. IMO.

    Totally agree which is what I said in the post above:
    chucknorris wrote: »
    I've been buying shares,
    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
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    9 shares up

    91 shares down

    In the FTSE today. Hard to avoid the bad news.

    In 2008 I remember looking at Bloomberg and every stock was red and down for the day: every stock had lost value and the last price movement for every one was downwards!

    Seriously. If your next door neighbour came out of his house each morning and started shouting the price he'd buy your place for and how much he'd sell for you'd think he was nuts. When brokers do the same thing with shares we put them on the news.
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Crashy_Time wrote: »
    The financial landscape is very leveraged and interlinked though, so depending how and where you are positioned there may well be much need to panic.

    Panicking doesn't achieve anything.
    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
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Generali wrote: »
    Get a grip guys! This was always going to happen when the Fed started raising rates.

    Little to do with Fed raising rates. Markets are jittery it appears. Markets hate uncertainty. Risk is quantifiable to a degree, uncertainty isn't. That's the difference. This period may well continue for some time.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Crashy_Time wrote: »
    The financial landscape is very leveraged and interlinked though, so depending how and where you are positioned there may well be much need to panic.

    Not sure there's any need to panic. Just be cautious. Not every company is leveraged. Nor supports it's share price with buy backs.

    If Chinese is GDP is nearer 2.5% as some are suggesting. Then China could be in for a hard landing.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    chucknorris wrote: »
    Totally agree which is what I said in the post above:


    There is a difference between trackers and trying to exit an individual company before you lose any more money, that is the point I was making. Thankfully with shares, unlike property, you can make the exit pretty quickly. One mark of a good investor is knowing when to quit, accepting the mistake and learning from it, without getting emotional. Mugs follow the herd and try to hang on to bad bets too long.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245K Work, Benefits & Business
  • 600.6K Mortgages, Homes & Bills
  • 177.4K Life & Family
  • 258.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture