Correction Losses

ivormonee

firestone wrote: »

think i'v had too much to drink i saw the 20% mentioned and thought it was about today's temperature

You must have done because temperature is measured in degrees Celcius, not percentages! BTW. My portfolio is now 23°C, thanks.

ivormonee

Ray_Singh-Blue wrote: »

They say every dog has its day. So far this year.

EDF up 15%
TESCO up 20%
SAINSBURY up 20%
OILB up 15%

The good news is that I held all those.

The bad news is that I sold all of them in January, after years of lacklustre performance... finally convinced of the benefits of a fully passive strategy.

Your move to a passive strategy is perfectly fine. You cannot possibly time the markets, or any individual assets within them, so it is inevitable that individual stocks may move up after you sell them but equally they could have moved down. Regardless, individual stocks present a far greater volatilty than the market as a whole and, over the long term (whatever that means), you should be just as well off (although many will say better off). You've made a strategic decision based on your research and conviction and the best advice is to stick with it and have no regrets; they are only prominent in hindsight.

bowlhead99

ivormonee wrote: »

You must have done because temperature is measured in degrees Celcius, not percentages! BTW. My portfolio is now 23°C, thanks.

Average daily max temp in Jan around here was about 10°C, so with 25°C forecast for later today, my portfolio and I are about 5% hotter.

firestone

ivormonee wrote: »

You must have done because temperature is measured in degrees Celcius, not percentages! BTW. My portfolio is now 23°C, thanks.

Nope old school - temperature is measured in Fahrenheit and that would have been even more impressive

ColdIron

Fahrenheit is an abomination in the eyes of the lord
Water freezing at 32 and boiling at 212? Heretical claptrap

firestone

ColdIron wrote: »

Fahrenheit is an abomination in the eyes of the lord
Water freezing at 32 and boiling at 212? Heretical claptrap

but 75 sounds like lolly weather ( a FAB for tuppence):)

eskbanker

ColdIron wrote: »

Fahrenheit is an abomination in the eyes of the lord
Water freezing at 32 and boiling at 212? Heretical claptrap

You could always adopt the mix'n'match approach that many seem to use, e.g. temperatures in the "mid 70s" in the summer but "minus 3" in the winter!

Something similar may explain how some imaginative posters achieve disproportionate results between January and now....

A_T

firestone wrote: »

but 75 sounds like lolly weather ( a FAB for tuppence):)

UK has a passive climate - nicely diversified avoiding extremes.

bowlhead99

ColdIron wrote: »

Fahrenheit is an abomination in the eyes of the lord
Water freezing at 32 and boiling at 212? Heretical claptrap

180 degrees between freezing and boiling might be convenient for some measuring devices or certain types of maths, but any percentage change in temperatures should really be measured from absolute zero where atoms and molecules have their minimal vibrational motion.

Which is about minus 273°C, so if we've gone from January weather to May bank holiday weather it's 283 above absolute zero to 298 above, which is about 5%ish

eskbanker wrote: »

You could always adopt the mix'n'match approach that many seem to use, e.g. temperatures in the "mid 70s" in the summer but "minus 3" in the winter!

We all know 70 is T-shirt weather, 80, 90 is nice and hot, 100 is rare in this country but hotter than the blood in our veins hot.

And then at the other end of the scale we all know that 5 is pretty damn cold and 0 is freezing and -5 is really really cold. I know plenty of older people who talk about temperatures being in the 80s in the summer but they don't talk about it being in the mid 40s in winter, they switch to talking about 5 or 10 because it sounds closer to zero which everyone knows is ice... Mix n match is as good a response to metricisation as knowing that 40mpg is OK but £1.25 a litre feels a bit expensive.

firestone wrote: »

but 75 sounds like lolly weather

Lolly hot is a fine barometric reading although I wouldn't waste my money on a FAB now I'm a grownup. Not much change from a fiver for a couple of icecreams from a van these days, so might as well get nice ones.

ColdIron

eskbanker wrote: »

You could always adopt the mix'n'match approach that many seem to use, e.g. temperatures in the "mid 70s" in the summer but "minus 3" in the winter!

Or in other words 24C in the summer and 27F in the winter :snow_grin
Edit: Just remembered I have a Solero Exotic in the fridge that I'm going to call brunch