Market correction yesterday/today....

AnotherJoe

... will that put an end to the very many posts that have been made in the last couple of weeks from people with no clue jumping feet first into the market?

I was going to post yesterday "I dont believe in market timing but i'm tempted to sell with all these posts from people who dont know the difference between an ISA and a fund looking to invest £50k."

But that would have been far too long a title.

No criticism of the people themselves is meant, you have to take time to learn the terminology etc its more an observation on the old saw that the time to buy is when everyone is selling and vice-versa. (not that its the time to buy yet). Even if every single one of my shares/funds/etc apart from GSK (correction now that as well) is down this morning :eek:

And it even makes me feel sorry for Dunston who will probably have many of his clients calling him in a panic this morning asking if they should sell everything?

le_loup

Should be good to have a fall before the new ISA season begins.
Just what many of us with money to invest would wish.

talexuser

1% counts as a "correction"? it's just day to day noise.

BananaRepublic

AnotherJoe wrote: »

And it even makes me feel sorry for Dunston who will probably have many of his clients calling him in a panic this morning asking if they should sell everything?

The poor lamb, having to give out more paid advice.

Psst: One swallow does not make a summer. (Was it Monica Lewinsky who said that?)

Malthusian

There was a correction? I was moving house yesterday so I was blissfully unaware that the stockmarket had plummeted to depths not seen since the dark days of two weeks ago.

SalarySlave

Wouldn't a correction be a fall of 10%. I don't think we are near that yet. If it happens then it just offers a buying opportunity. No need to panic.

[Deleted User]

Hi,

the FTSE 100 is up about 15% since Brexit, so has that been a correction, or faith in Brexit?

edinburgher

[Deleted User] wrote:

Hi,

the FTSE 100 is up about 15% since Brexit, so has that been a correction, or faith in Brexit?

Or currency devaluation?

joujou

*shakes head*

Pincher

Not a dull moment, this stock market.

Been waiting to sell in the 2017/18 tax year, using fresh tax allowances. It would be a bridge too far if the crash starts now.

Still, the shares are averaging 5% dividend yield, so not so bad. Better than 1% with NS&I (0.75% from May, I know). Spoil sport Hammond reducing the dividend allowance for 2018/19 is annoying, otherwise I'm quite happy to sip on 5%.

atush

talexuser wrote: »

1% counts as a "correction"? it's just day to day noise.

What is he smoking? It is less than 1% fall?