Possibly stupid question

darkidoe

Gadfium wrote: »

Which pretty much tracks the devaluation in Sterling. The majority of FTSE100 companies have substantial trade in foreign currencies, so as Sterling devalues they becoming more valuable when measured in Sterling. In other words, you have more Sterling, but it's worth less.

I wonder if there is any measure out there that take out the factor of the devaluation of the pound? What would the index look like then. But perhaps that does not make sense does it? as it wouldn't be a true reflection of the market prices.

aberlyfid_2000

shares did drop slightly after brexit but enjoyed the so called "trump bump", and with the footsie being mostly foreign anyway, the impact in the equity markets was limited. In the real ecomony we are still feeling the second order effects of the weaker sterling, and the uncertaintly over what brexit means.

when brexit proper happens, it depends on the wider context. And given the deadline is 2019, it would be another 2 years before another trump bump could happen

Sarastro

There's no point trying to beat the market and predict what will happen to share prices as Brexit unravels; it will probably be a series of ups and downs but who knows.
Why don't you consider investing in a self-directed ISA and select a mix of funds? You can have some which are 'balanced' and aim to just grow steadily and others which are 'opportunities' or 'aggressive' which aim to take advantage of volatility and changes. This way, you get the Fund Managers to do all the hard work for you.
You also really need to consider if you will need this money back at short notice as you need to avoid the situation of selling your investments when they might happen to be low.
I find it better to think long-term, don't worry if the price of an individual fund goes down - that's the time to buy more because it will likely go up again.

cashbackproblems

I havent and wouldn't invest a penny in the UK, especially if starting investing now, even a EU tracker will be more profitable imo.

bigadaj

cashbackproblems wrote: »

I havent and wouldn't invest a penny in the UK, especially if starting investing now, even a EU tracker will be more profitable imo.

Bit of a daft statement, diversification is advisable and a suitable percentage in the uk appropriate, a knee jerk reaction to excluding a small but significant part of worldwide stock markets is not very wise.

NineDeuce

Too late. The market has tanked. But in good Brexit news, we can get rid of the law which defines the contents of olive oil.... Puts things into real perspective, eh?

frenchplonka

Took the plunge decided to invest 100 per month in the vangaurd funds 80/20

greatkingrat

NineDeuce wrote: »

Too late. The market has tanked. But in good Brexit news, we can get rid of the law which defines the contents of olive oil.... Puts things into real perspective, eh?

And when exactly did the market "tank"? Did I blink and miss it? Even taking into account the weaker pound, UK share prices are still higher than they were pre-referendum.

Freecall

frenchplonka wrote: »

I dont follow the news.....

frenchplonka wrote: »

....surely its worth buying a bunch of shares

How exactly do these two statements fit together?

I'd bin any idea of 'clever' market-timing investing and stick with some nice long term mixed asset fund if I were you.

reeac

Gadfium wrote: »

Which pretty much tracks the devaluation in Sterling. The majority of FTSE100 companies have substantial trade in foreign currencies, so as Sterling devalues they becoming more valuable when measured in Sterling. In other words, you have more Sterling, but it's worth less.

I've never seen the FTSE 100 index expressed in units of GBP before. Need to think about that.