Market correction yesterday/today....

edinburgher

atush wrote: »

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

Wasn't it something like 0.7% (UK yesterday) + 0.8% (UK today)? S&P500 also fell 1.xx% yesterday

Pincher

That's a thought. If it goes down by 1% a day, does the FTSE become 0 after 100 days? Reverse compounding, if such a thing exists.

economic

Pincher wrote: »

That's a thought. If it goes down by 1% a day, does the FTSE become 0 after 100 days? Reverse compounding, if such a thing exists.

noope. doesnt take a genius to work out itll take infinite number of days for it to go to 0.

in fact after 100 days it would have gone down "only" 63%.

jdw2000

If a <1% drop causes threads like these then it;s a clear sign some people should not invest their money and should instead save it.

My VLS has gone down today by about £25. If that's a "correction" then this investing lark is easy...

economic

jdw2000 wrote: »

If a <1% drop causes threads like these then it;s a clear sign some people should not invest their money and should instead save it.

My VLS has gone down today by about £25. If that's a "correction" then this investing lark is easy...

yeh just a silly thread really.

edinburgher

jdw2000 wrote: »

If a <1% drop causes threads like these then it;s a clear sign some people should not invest their money and should instead save it.

My VLS has gone down today by about £25. If that's a "correction" then this investing lark is easy...

Did you read the first post or just the title? Because the thread is very much tongue in cheek

[Deleted User]

Hi,

so, say I drop £2k today in the correction , but I'm up £20k, since Brexit (my benchmark just now), that's me down 10%.

JohnRo

No, it depends how much 'up' your 20K gain is in percentage terms as to how much the 2K drop affects the net return. What you'll have given up is 10% of the gains made since the the referendum result.

veryintrigued

With language like this the OP comes across as one of the people he is criticising.