Correction in progress!

bostonerimus

JSCB wrote: »

So if you purchased at 20:59 would you get todays price or have to wait for tomorrows?

With a fund like VLS you'll get the price at close of business the day you did the trade. If you want intraday day trading you need individual stocks or an ETF.

worldtraveller

Currently,

Dow up 1.75%
Nasdaq up 1.7%
S&P up 1.35%

A lot of volatility though all day, from the Dow just after opening down 2.3%, to up over 2% later in the day.

I'd expect the volatility to continue for some days to come in all markets.

DairyQueen

aroominyork wrote: »

I invest through HL and today's fund movements came through just before 5.30pm. You posted at 5.10pm so maybe the same for you. But if your falls include today's, please let me know your fees to manage my investments.

My SIPP/ISA is split between HL and AJ Bell and it's consolidated on Trustnet Portfolio. No idea how often the latter is updated but current value is showing down 3.86% since last week and 1.56% on the day. Just had a quick peek at the individual holdings and there's quite a spectrum of losses. Royal London Short Duration Global High Yield Bond is actually up 0.01% (whoopee), GAM Star Credit Opportunities down 0.28%, RIT Capital Partners down 0.98% but Artemis US Smaller companies is down 4.52%. and BG Shin Nippon down 3.59%. On the passives: VLS 60% is down 1.14%, and so on.

Should I stop eating toast and start worrying? Or is this just a case of a relative newbie getting lucky?

DairyQueen

Glen_Clark wrote: »

Thats remarkably Good.:)
My equity portfolio is down nearly as much as my biggest holding (SWDA World Tracker) which is down 3 times your amount -3.45%

Is it? :j I have nothing to compare to and rely on the kind folk here for all feedback. Nobody I know has any interest in investing.

Have decided this must be the good fairy's influence. I just checked and I'm down 1.56% on the day. That doesn't seem so bad.

Thrugelmir

bostonerimus wrote: »

Maybe Woodford will recover

20% is invested in unquoted companies. Comparing apples to pears.

aroominyork

Boston, I'm not sure what you mean by the day you "did" the trade. I don't know how it is in the USA where you are, but in the UK it is like ColdIron says: it depends on the cut off point of your platform, eg with HL it is 8am.

BarleyGB

Just piled in about 8% to my ISA, not sure if the markets will have recovered or dropped further before the fund purchases complete Wed - Thu.

Divided the investment between:
Baille Gifford Jap Sm Co
Henderson Eur Sm Co
Baille Gifford Greater China
Old Mutual UK Sm Co
Baille Gifford American

Partly a rebalance, partly a bit of risk/spice. Will watch how they perform, have the potential to invest top up the same again in 3-4 months to average any losses/rebalance.

firestone

a piece on the BBC website quoting Fidelity among others blames the sell off on robots which begs the question did they sell their own Robo & IA funds or is this the start of the Skynet revolution?

JohnRo

I'm smirking at some of these comments, having invested in BRWM etc.

IT investments like that get you acclimatised to volatility pretty sharpish.

I don't think this last couple of days or so will amount to much in the grand scheme but I do think it's a very good thing for newer investors to experience some traffic in the other direction, globally, not really seen since late 2015, early 2016.

It might also be a useful event/time for some to re-assess their real appetite for market volatility and capacity for paper losses ahead of the big one.

kidmugsy

How does anyone know that this is a "correction"? Surely you only know with hindsight.