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

1356

Comments

  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Panicking doesn't achieve anything.


    Tell that to the markets. If others panic you at least need to know how to emotionally cope with the market results of that panic, even if you don`t panic yourself.
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    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.

    I don't invest in individual companies. Panicking is getting emotional, which in a post above you said there was a need for.
    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
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 15 January 2016 at 10:32PM
    Tell that to the markets. If others panic you at least need to know how to emotionally cope with the market results of that panic, even if you don`t panic yourself.

    I'm not just telling the markets, I'm telling the whole world. If you are panicking you invested above your comfort level, don't invest more than you can afford to lose. Every investment that you make can go wrong, you should accept that on the day that you invest.
    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
    I don't invest in individual companies. Panicking is getting emotional, which in a post above you said there was a need for.


    You are too ego-centric, everything posted/discussed does not relate directly to you and your investment decisions. I said some people have made such bad, over-leveraged, follow the herd decisions that they are now panicking. The sell off in the market backs up this view IMO. Another theory is that big hedge funds have been caught with illiquid stuff they can`t shift, and are selling liquid stuff to cover their tails.
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You are too ego-centric, everything posted/discussed does not relate directly to you and your investment decisions. I said some people have made such bad, over-leveraged, follow the herd decisions that they are now panicking. The sell off in the market backs up this view IMO. Another theory is that big hedge funds have been caught with illiquid stuff they can`t shift, and are selling liquid stuff to cover their tails.

    I'm not being ego-centric at all, all I am saying is that no one should invest more than they can afford to lose, if they do, and it goes wrong, then it is their own fault.
    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
  • Nikkster
    Nikkster Posts: 6,391 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Thrugelmir wrote: »
    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.

    Actually, it is possible to quantify uncertainty (to a degree). It's not easy, but it is possible to estimate uncertainty.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 15 January 2016 at 11:33PM
    Nikkster wrote: »
    Actually, it is possible to quantify uncertainty (to a degree). It's not easy, but it is possible to estimate uncertainty.

    That's on the assumption that only some aspects are unknown.

    My quote of the day.
    "Investors are scared to death," said Phil Orlando, chief equity strategist at Federated Investors in New York.
  • Tony_Geo
    Tony_Geo Posts: 64 Forumite
    Thrugelmir wrote: »
    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.

    The falling oil price and the prospect of the US and Iran exporting even more of the stuff is reasonably predictable and must be one of the causes of the falling markets?
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Tony_Geo wrote: »
    The falling oil price and the prospect of the US and Iran exporting even more of the stuff is reasonably predictable and must be one of the causes of the falling markets?

    It explains the fall in the price of BP and Shell but less so retailers and manufacturers.
  • mystic_trev
    mystic_trev Posts: 5,434 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    My decision to move most of my Pension into cash, February last year, seems to have wise one? The biggest problem is going to be my timing when to buy back.

    Perhaps I should start a thread, something like.......My FTSE gamble pays off...

    ......or will it?
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.