Correction in progress!

Alistair31

I have an in progress buy order in my LISA for £4K. Hmmm

(HSBC Dynamic)

hutman

first time since i started investing two years ago that ive seen this levels of drop on the us stock markets and naturally my portfolio has taken a bruising.

do i have the balls to buy more at this stage? ...

Plus

Both the Dow and the FTSE100 have both gone back to early December levels, so it hasn't actually lost that much ground thus far. The Dow is still 20% up on a year ago, which is nothing to complain about.

Of course, what goes down... may go down some more.

JSCB

I have an aim of £15k by April and I'm currently at 12, so £3k left. The question is, do I go now, wait another 6 weeks or split it into two £1.5k chunks?! (I'm primarily investing in VLS 80)

Personally, I have a feeling this could be the beginning of something bigger, we all know a correction is due and this is clearly (many, many) investors getting nervous and acting accordingly ahead of that storm. The million dollar unanswerable question is, is the storm imminent or will the markets recover to a calm period of growth for a bit longer yet?

inflationbuster

The Dow Jones Industrial Average has closed down by 1,175 points in the biggest one day fall since the financial crisis.

The leading US stock market index closed down 4.6% at 24,345.75.

It is the worst drop in points since September 2008 when a plan to rescue the US banking industry was rejected.

The decline extended losses on Friday, when strong wage growth data raised the prospect of accelerated interest rate rises.

Monday's sell-off surpassed a 777.68 points drop on the Dow Jones on 29 September 2008 when Congress rebuffed a $700bn bank bailout plan following the collapse of US investment bank Lehman Brothers earlier that month.

http://www.bbc.co.uk/news/business-42942921

dunstonh

Certainly it's looking like this is going to be the largest correction since 2015!

Since 2015. My goodness. I remember 2015 as if it was just a few years ago.

Reminds me of the media when they say "since records began" but you find out records only began less than 10 years ago.

BrockStoker

It's interesting that gold is only up 0.38% at time of writing. Where is all the money going? Cash?

richtips86

dunstonh wrote: »

Since 2015. My goodness. I remember 2015 as if it was just a few years ago.

Reminds me of the media when they say "since records began" but you find out records only began less than 10 years ago.

My favourites are the cricket records. “The largest batting partnership by an opener and number 4 batsman on day two at Trent Bridge against New Zealand!!

Alexland

hutman wrote: »

do i have the balls to buy more at this stage? ...

If you can afford to add a bit more into a long term diversified investment it's a good time to buy shares compared to a few weeks ago. Sure the markets might drop further but there's no point not taking some advantage of the situation for fear of missing a better opportunity. You could always buy more again. If you are a regular investor there will almost certainly be a time the future when you will be buying at higher prices again.

However things are nowhere near low enough to start selling your children's organs to increase your fund units.

Alex

marco_79

BrockStoker wrote: »

It's interesting that gold is only up 0.38% at time of writing. Where is all the money going? Cash?

I think you are correct, think we are seeing a lot of profit taking and people will look to buy the dip, where that dip stops is the $1m question.