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Should I sell ?

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Comments

  • Voyager2002
    Voyager2002 Posts: 16,349 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    longleggedhair wrote: »
    It just feels like there is very little upside to the market currently but plenty of downside. I just find it very difficult to sell.....

    On the contrary, so long as the shares you hold are in companies with assets and earning overseas there is a great deal of upside to the market. Assuming that part of a business operates in a region that uses dollars and its dollar earnings remain the same, then as the pound slides the price of its shares (in pounds) will continue to rise (so that the dollar equivalent of the share price remains more or less constant).

    And if you do sell and hold cash, make sure that you hold your cash in Euro, US dollars, Indian rupees or Vietnamese dong -- basically anything but pounds!
  • darkidoe
    darkidoe Posts: 1,129 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    edited 10 November 2016 at 12:43AM
    darkidoe wrote: »
    It all makes sense and doesn't make sense at the same time isn't it. Next thing you know, Trump would have won the election despite the FBI announcement and I will be having a huge laugh at how ridiculous life can be at times...

    **slaps myself in the face and am laughing and crying at the same time**

    Life is indeed ridiculous at times. Don't take it took seriously.

    Save 12K in 2020 # 38 £0/£20,000
  • BrockStoker
    BrockStoker Posts: 917 Forumite
    Seventh Anniversary 500 Posts Name Dropper Combo Breaker
    darkidoe wrote: »
    **slaps myself in the face and am laughing and crying at the same time**

    Life is indeed ridiculous at times. Don't take it took seriously.

    The phrase "life is often stranger than fiction" comes to mind.

    I "bet" on the outsider twice in a row (referendum and US election) and won twice, but I also hedged my bets if things went the other way.

    The only problem now is that I'm sitting on around 10% cash, although I don't mind so much as this means I can move fast if there is another opportunity.
  • 50Twuncle
    50Twuncle Posts: 10,763 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    darkidoe wrote: »
    It all makes sense and doesn't make sense at the same time isn't it. Next thing you know, Trump would have won the election despite the FBI announcement and I will be having a huge laugh at how ridiculous life can be at times...
    He did ..whatever next , a female pope ??
  • Eco_Miser
    Eco_Miser Posts: 4,902 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    50Twuncle wrote: »
    He did ..whatever next , a female pope ??
    How about a female President of France?
    Marine Le Pen
    Eco Miser
    Saving money for well over half a century
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