Facebook shares

henryandmay

Anyone tempted to buy some shares in FB?
Seem to be steadily falling.

System

No, thanks!

ColdIron

Terry Smith?

bowlhead99

henryandmay wrote: »

Anyone tempted to buy some shares in FB?
Seem to be steadily falling.

Yeah they have been steadily falling since floating on the stock exchange almost 6 years ago at $38.

Now they're only $168.

henryandmay

haha very true but I was referring to the recent fall.

bowlhead99

henryandmay wrote: »

haha very true but I was referring to the recent fall.

They have fallen in price so they are now at the point where the "market" (made up of market participants with literally trillions to invest) thinks they should be. If the market in general thought they were worth more, they would be priced, more.

So, if you were going to "invest in the fall" , it would be on the basis that you think you know better than the market with their trillions, and believe $168 to be a good price, relative to all the other investment choices you could make. Those other market participants with their trillions have probably done more research than you on whether the share price should be $38 or $168 or $268.

A week ago you started a thread about what to do with your spare money. You mentioned "I!!!8217;m 35 and finally, after being reckless with money through my late teens and 20!!!8217;s and accumulating over £30,000 of debt; I!!!8217;m debt free." You proposed some things you might do with the money and asked for comments.

Your suggestions on that thread, and the well-meaning comments from others, did not include "hmm, why not invest a chunk of it in a single social media/advertising company based in a foreign country, which is having some adverse publicity issues". That's because you're trying not to be reckless with money through your 30s and, presumably by you telling us about your reckless past, you're hoping we help keep you on the straight and narrow.

username12345678

I've got 3% of my SIPP in SMT...i'll let them worry about it.

System

username12345678 wrote: »

I've got 3% of my SIPP in SMT...i'll let them worry about it.

As of 31/1/2018, Facebook was not a top-ten holding for SMT.

StellaN

Economic wrote: »

As of 31/1/2018, Facebook was not a top-ten holding for SMT.

Yes, its just outside at number 11 but I would be more worried with holding Tesla at number 4 at 6.1% of the fund. Going back to Facebook, not great timing for Terry Smith/Fundsmith having bought into Facebook just last month but as we all know nobody can time the market. We will all have to wait and see what further ramifications or damage this will do to Facebook in the long haul.

henryandmay

Thanks :-)
I will not be buying any FB shares.

henryandmay

bowlhead99 wrote: »

They have fallen in price so they are now at the point where the "market" (made up of market participants with literally trillions to invest) thinks they should be. If the market in general thought they were worth more, they would be priced, more.

So, if you were going to "invest in the fall" , it would be on the basis that you think you know better than the market with their trillions, and believe $168 to be a good price, relative to all the other investment choices you could make. Those other market participants with their trillions have probably done more research than you on whether the share price should be $38 or $168 or $268.

A week ago you started a thread about what to do with your spare money. You mentioned "I!!!8217;m 35 and finally, after being reckless with money through my late teens and 20!!!8217;s and accumulating over £30,000 of debt; I!!!8217;m debt free." You proposed some things you might do with the money and asked for comments.

Your suggestions on that thread, and the well-meaning comments from others, did not include "hmm, why not invest a chunk of it in a single social media/advertising company based in a foreign country, which is having some adverse publicity issues". That's because you're trying not to be reckless with money through your 30s and, presumably by you telling us about your reckless past, you're hoping we help keep you on the straight and narrow.

Thanks I will not be buying any FB shares :-)