Correction in progress!

BrockStoker

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.

I know, I know.. It's just a blip (so far), but never the less, it's one of the most spectacular falls (and spike in volatility) for quite a few years.

Whilst most should probably ignore this, I actively try to use volatility to my advantage as part of my strategy, so look forward to corrections in general, and this one seems to have potential.

LHW99

Here's hoping it carries on for a bit more. Lots of nice extra units, yum yum,,,,,,,

username12345678

I need to thank my new SIPP platform for taking 3 months to process the transfer, during which time I have been moved from nearly all equities down to 55% with the remainder split 32% cash and 13% absolute return and bonds.

Transfer should be complete next week at which point i'll still follow my plan...just a little more slowly.

JSCB

If you were looking to add to a fund, if you were to buy tonight it wouldn't close until the evening after tomorrow, at tomorrrows prices is that right? So if you left ut until tomorrow to see how things play out, you'd actually be buying at wednesdays prices on thursday?

BrockStoker

JSCB wrote: »

If you were looking to add to a fund, if you were to buy tonight it wouldn't close until the evening after tomorrow, at tomorrrows prices is that right? So if you left ut until tomorrow to see how things play out, you'd actually be buying at wednesdays prices on thursday?

I can only speak for my own platform (RL360) although I think many of the big platforms out there work in a similar way, but if I buy overnight I usually get the following day's valuation point, which is mid-day for most funds I believe. So if I buy tonight, I'll get Tuesdays valuation point usually.

ColdIron

Funds are forward priced so if you put in an instruction tonight you will get the price at the next valuation point, often midday but it differs by fund, for instance Vanguard's LifeStrategy is 21:00. The settlement date and your contract note will follow a few days later

kidmugsy

BrockStoker wrote: »

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

It's probably going where it came from. Thin air.

george4064

Expecting further drops in FTSE and European markets tomorrow.

Curious_Moose

IG Group has FT-100 estimated to open 252 points lower tomorrow.

bostonerimus

This is nothing. The Dow and other inflated indexes need to have the air taken out of them. This last year has been ridiculous and people should realize that this isn't related at all to any economic fundamentals and isn't normal. Double digit annual gains can't be sustained, 5% is sensible, not 25%. The Dow is down around 6% since last Thursday and there's lots more to come. This is all par for the course. The only people who should be a little worried are recent retirees drawing down DC pension pots with high equity allocations and without a good cash/short term bond buffer and anyone with plans that rely on 25% annual returns.