Correction or bear market in stocks this year?

bowlhead99

jdw2000 wrote: »

Didn't think it was possible to have £90K in an ISA. How long have they been going?

Since 1999, which is 18 years of contributions plus growth. My parents both have £90k+ S&S ISAs and have only been investing about three or four years, but contributed in some old cash ISAs.

You could also transfer into them your balance from PEPs which were the predecessor to S&S ISAs and TESSAs which were like cash ISAs; PEPs were launched in 1987.

It's now several years since the first 'ISA millionaires' were being talked about, which has come up on a few other threads recently.

*edit: Ah, TheTracker got in first.

Pincher

jdw2000 wrote: »

Didn't think it was possible to have £90K in an ISA. How long have they been going?

Obviously it's built up over many years.

Boosted by 2015/16 and 2016/17 full allowances.

I was building up to the top tier of interest rate with First Direct Cash ISA, when you have £40k, at 2%. And when I got there, splat.

TheTracker

Pincher wrote: »

Obviously it's built up over many years.

Boosted by 2015/16 and 2016/17 full allowances.

I was building up to the top tier of interest rate with First Direct Cash ISA, when you have £40k, at 2%. And when I got there, splat.

It doesn't take long. On Apr 6th you could have contributed for 4 years and a couple of days and have contributed 88k.

seacaitch

Malthusian wrote: »

VLS100 will of course also see you through good times and bad, providing that you are sanguine enough to tolerate your investment falling by 40% or more in the short term without panicking. Conventional wisdom says that most people are not...

In the words of Arthur Ziekel:

"Most investors underestimate the stress of a high-risk portfolio on the way down."


Prolonged bull markets cause people to forget this, only for them to be forcibly (and expensively) reminded when the !!!!!! next hits the fan...

economic

seacaitch wrote: »

In the words of Arthur Ziekel:

"Most investors underestimate the stress of a high-risk portfolio on the way down."


Prolonged bull markets cause people to forget this, only for them to be forcibly (and expensively) reminded when the !!!!!! next hits the fan...

i really hope they crash as im sitting on quite a bit of cash. although i remain invested as well. its a balance i find comfortable with.

Pincher

TheTracker wrote: »

It doesn't take long. On Apr 6th you could have contributed for 4 years and a couple of days and have contributed 88k.

Some sort of amnesty if you had unused allowances from previous years?

Love to move £88k into an ISA around April 2017.

Assuming a crash around 2018, I would like to put ~£100k into a Vanguard ISA, and buy some accumulation units. When I need money, just sell a few units, otherwise just leave it alone. I know they haven't started retail operation in the UK, and don't offer ISA right now. They are such a tease.

I'm using the S&S ISA for bed and breakfast, so would like to have another £100k in a Vanguard ISA. HSBC is paying a big dividend in April 2017. I am thinking of buying inside the ISA, with dividend, and selling outside. This will crystallise the capital gain in 2017/18. The shares go ex-dividend inside the ISA , so the dividend does not use the £5,000 allowance. 32 days later, sell inside the ISA, and buy back outside the ISA, which gets round the 31 days anti-bed and breakfast rule. Actually, I should sell outside the ISA after it goes ex-dividend, since the reduced price will incur less capital gains. Get double the dividend. :j

munkee_saver

VLS80 for me with 15% in short term bond index.

BrockStoker

economic wrote: »

also what sectors do you think would outperform in the next few years? i think banking, biotech, energy, commodities.

I agree with your thoughts. Those sectors should all see improving fundamentals over the next few years, although I'm personally weary of sticking with oil for too long since I think clean energy will gradually start to replace it.

I think technology in general could also be very profitable, especially over the long term, and I want to invest more in it, but finding funds with the right mix of stocks is proving harder than I thought. I'm more interested in investing in cutting edge/disruptive tech.

coastline

Watch 10 minutes to view what history suggests..
I doubt many posters will but never mind..

https://www.youtube.com/watch?v=iAfO7syZ-p0&feature=youtu.be&t=22m37s

https://pbs.twimg.com/media/C0DnoeUWgAIn_Fw.jpg

Things still positive..

http://fat-pitch.blogspot.co.uk/2017/01/january-macro-update-wage-growth-at-new.html

economic

coastline wrote: »

Watch 10 minutes to view what history suggests..
I doubt many posters will but never mind..

https://www.youtube.com/watch?v=iAfO7syZ-p0&feature=youtu.be&t=22m37s

https://pbs.twimg.com/media/C0DnoeUWgAIn_Fw.jpg

Things still positive..

http://fat-pitch.blogspot.co.uk/2017/01/january-macro-update-wage-growth-at-new.html

i watched the video. very good video. basically saying weve broken out in stocks and there is no reason to sell....yet.