Next recession, trade wars, up to 50% portfolio losses
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Thank you for your input it is most appreciated and I agree with all your comments. However, I don't quite understand your comment " For those investing in SIPPs and ISAs, they are a necessity given the difficulty moving money in and out of these" so please can you explain to a simpleton.0
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But, if you take money out of your ISA there is a limit to the amount you can put back
True, but flexible S&S ISAs would accept all the money back as long as it is returned within the same tax year. In addition the £20k annual allowance for ISAs, and therefore £40k for a couple, is probably conveniently large for many people.
If I had a lot of capital in S&S ISAs I'd anyway hold them across several providers for reasons of security. Consequently occasionally transferring one to a Cash ISA might be a reasonable move.Free the dunston one next time too.0 -
True, but flexible S&S ISAs would accept all the money back as long as it is returned within the same tax year. In addition the £20k annual allowance for ISAs, and therefore £40k for a couple, is probably conveniently large for many people.If I had a lot of capital in S&S ISAs I'd anyway hold them across several providers for reasons of security. Consequently occasionally transferring one to a Cash ISA might be a reasonable move.
At the moment I have a S&S ISA, LISA and trading account, each with a different provider, plus 3 IFfy ISAs, unwrapped P2P holdings in 5 further accounts and cash spread between 6 different banks. And I still need to include bonds as I don't want to risk more P2P exposure and further cash would need to be placed in a losings account. First world problem I know, but it's frustrating.0 -
Not enough invested yet to worry :P0
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2008 FTSE 250 crashes 38%. 2009 FTSE 250 rises 50%, 27% the following year and over the following decade after the 2008 crash most of the years were gains and double digit gains too.
Anyone who had a FTSE 250 tracker and panic sold in 2008 got their pants pulled down. Anyone who followed the sage advice of time in the market is more important and held fast today has a fund worth over 3 times what it had dropped to in 2008 and 1.7 times what it was at its pre-recession peak.0 -
2008 FTSE 250 crashes 38%. 2009 FTSE 250 rises 50%, ....
To make the arithmetic simple: it fell from 100 to 62 and then rose again to 93. At this point it has still lost 7 percent of its original value. Many naive people would not realise that when they see 38% compared to 50%. This is therefore a rotten way to report events.Free the dunston one next time too.0 -
Not enough invested yet to worry :P
That should apply whatever the amount invested.
If you are 'enough' invested and worried then that suggests something is wrong.
The implication is that some of the following probably apply
... far too much invested
... lack of understanding
... lack of patience
... lack of strategy
... unrealistic expectations
... low tolerance to volatility
... strong aversion to paper losses
... overexposed to unsuitably high investment risk'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB0
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