Selling everything when the market reaches a new all time high

AnotherJoe

mrlegend123 wrote: »

I've sold some of my investments today prior to the so called turn........

Do you want to give chapter and verse on what they were?

System

AnotherJoe wrote: »

Do you want to give chapter and verse on what they were?

Sorry I don't discuss my investments - private. I have sold a large chuck off due to my gut feeling.

Ray_Singh-Blue

mrlegend123 wrote: »

Sorry I don't discuss my investments - private

You kind of are doing though

AnotherJoe

mrlegend123 wrote: »

Sorry I don't discuss my investments - private. I have sold a large chuck off due to my gut feeling.

Wasnt asking for numbers of what you hold, but would be interesting to see you sold (for example) Astra Zeneca at £xx.yy and Shell at £nn.nn and so on. Then contrast

Then we can see how its gone when you rebuy ....when?

FWIW one of my friends has made what he says is a considerable amount this year and has sold everything (literally, hes 100% cash) and is waiting until the US elections are over before he buys back in. He's happy to lose out on any gains in the meantime.

Thrugelmir

talexuser wrote: »

the dot-com bubble and not sold,

So you didn't think Last Minute.com was overvalued and bailed out before it crashed. You are still holding BT which peaked at over £20 and languishes at £3.99p today.

Eric_the_half_a_bee

Thrugelmir wrote: »

So you didn't think Last Minute.com was overvalued and bailed out before it crashed. You are still holding BT which peaked at over £20 and languishes at £3.99p today.

It is just possible that talexuser had a portfolio that was a bit more diversified than those two shares.

talexuser

Thrugelmir wrote: »

So you didn't think Last Minute.com was overvalued and bailed out before it crashed. You are still holding BT which peaked at over £20 and languishes at £3.99p today.

Holding? if any of those were in my funds, and still are, then yes. But I've never held a share since the end of cheap single company peps (and that was Glaxo long term) hold top quartile funds generally speaking (unless waiting say up to 18 months or so for recovery from any downturns because have faith in the manager) selling when I reckon they just aren't justifying their fees anymore compared to the nearest comparable tracker.

Strummer22

Eric_the_half_a_bee wrote: »

It is just possible that talexuser had a portfolio that was a bit more diversified than those two shares.

Heh :rotfl:

Holding on through all the crises is one thing. Depends what you held as to whether that's sensible. Even more to the point, what did you buy when the markets were depressed? Amazon after the dot-com crash? Housebuilders after the credit crunch? Hindsight is always 20/20

talexuser

Re the dot-com I seem to remember that perhaps a quarter of my money was under Neil Woodford during that time, and the papers had stories of how he had lost his touch. I also remember everyone saying you should pile into British Biotech as it went from 50p to £12, until Woodford pointed out they had nothing worth selling except exaggerated research claims. People lost a lot of money when they went bankrupt, but Woodford came out after the crash very well.

Eric_the_half_a_bee

talexuser wrote: »

hold top quartile funds generally speaking

Interested, as someone who leans towards passive but has a fair bit of money in active:

- how do you define "top quartile" - e.g. to account for time periods, asset allocation strategies

- how do you rate active v passive - gut feel not academic treatise

Thanks