Like the February Correction ?
Comments
-
-
-
EdGasketTheSecond wrote: »Only if there is a subsequent recovery. In a sustained and prolonged market fall your losses continue and you might run out of money to add0
-
EdGasketTheSecond wrote: »Only if there is a subsequent recovery. In a sustained and prolonged market fall your losses continue and you might run out of money to add
True but in our circumstances (30s, yet to inherit but already around £1m of property, pension and ISA assets at just over 10% debt mostly mortgage) then I am comfortable to increase borrowing and essentially 'buy on margin' for the right market opportunity. We will probably end up taking out another short Zopa loan to bridge the end of this tax year to use our full ISA allowances again.
Alex0 -
Hi
Would appreciate some opinion on the following.
Given my portfolio is down by 1k overall, is it worth considering suspending monthly payments to the adventurous funds?
I have left the investment decisions to fund managers but given the global events, think it may be a long time before any recovery is in sight.
Thanks
John
Adventurous £16660 per month
HL Multi-Manager Asia & Emerging Markets
HL Multi-Manager European
HL Multi-Manager Special Situations Trust
Multi-Manager UK Growth
Balanced Lump sum 20k ISA
HL Multi-Manager Equity & Bond Trust
HL Multi-Manager Income & Growth Trust
HL Multi-Manager Strategic Bond Trust0 -
Hi
Would appreciate some opinion on the following.
Given my portfolio is down by 1k overall, is it worth considering suspending monthly payments to the adventurous funds?
I have left the investment decisions to fund managers but given the global events, think it may be a long time before any recovery is in sight.
Thanks
John
Adventurous £16660 per month
HL Multi-Manager Asia & Emerging Markets
HL Multi-Manager European
HL Multi-Manager Special Situations Trust
Multi-Manager UK Growth
Balanced Lump sum 20k ISA
HL Multi-Manager Equity & Bond Trust
HL Multi-Manager Income & Growth Trust
HL Multi-Manager Strategic Bond Trust
I don't really understand the £16660 figure you have there. The whole piont of long term regular investing the benefit of monthly investing means you can buy in at a cheaper/higher price and average up or down. if you stop buying when it dips you are screwing yourself over x2.
If you are just investing into the adventurous funds, maybe it's a good time to evaluate your risk appetite, because ideally you should just be investing and not watching how the market is doing. Look at the 5+ year chart and analyse from there, don't just look at the last 6 months.0 -
Given my portfolio is down by 1k overall, is it worth considering suspending monthly payments to the adventurous funds?
I have left the investment decisions to fund managers but given the global events, think it may be a long time before any recovery is in sight.
The below thread might be of interest to you from another newbie worrying about the correction. Basically it's a long term commitment and lower stock prices means greater opportunities for future growth if you make regular contributions and have sensible investments. You might want to consider a low cost mixed asset fund series in place of those HL funds.
https://forums.moneysavingexpert.com/showthread.php?t=5908940
Alex0 -
snowqueen555 wrote: »I don't really understand the £16660 figure you have there. The whole piont of long term regular investing the benefit of monthly investing means you can buy in at a cheaper/higher price and average up or down. if you stop buying when it dips you are screwing yourself over x2.
If you are just investing into the adventurous funds, maybe it's a good time to evaluate your risk appetite, because ideally you should just be investing and not watching how the market is doing. Look at the 5+ year chart and analyse from there, don't just look at the last 6 months.
Thanks for your reply. The £1660 is 12 instalments of this years 20k ISA allowance.
Just really concerned, if the funds will take more than a two-three year period to recover Is this a realistic forecast?0 -
Thanks for your reply. The £1660 is 12 instalments of this years 20k ISA allowance.
Thought so you have one too many 6s in your posting. So you have a £20k ISA from a previous tax year and you have been investing £1660 per month during this tax year?Just really concerned, if the funds will take more than a two-three year period to recover Is this a realistic forecast?
Sure always totally possible which is why investment is unsuitable for time periods of less than 5 years as the risk of having a loss upon withdrawal is unacceptabley high. What is your plan for when and how the money will be eventually used?
Alex0 -
Hi
Would appreciate some opinion on the following.
Given my portfolio is down by 1k overall, is it worth considering suspending monthly payments to the adventurous funds?
I have left the investment decisions to fund managers but given the global events, think it may be a long time before any recovery is in sight.
Thanks
John
Adventurous £16660 per month
HL Multi-Manager Asia & Emerging Markets
HL Multi-Manager European
HL Multi-Manager Special Situations Trust
Multi-Manager UK Growth
Balanced Lump sum 20k ISA
HL Multi-Manager Equity & Bond Trust
HL Multi-Manager Income & Growth Trust
HL Multi-Manager Strategic Bond Trust
So if we assume that you have 20k + 7 months @ 1660 in your USA that is £31260.
1k down is about 3.2%.
That could be a 1 day movement either way and overtime it is really insignificant as a fall.
You have chosen an adventurous approach, were you really expecting a steady 6/7% a year for the rest of your life?
As above what timescale and what objective is the isa for?
How did you fare earlier this year when there was a small correction that recovered in a couple of months? Why do you think it is different this time?0
This discussion has been closed.
Categories
- All Categories
- 342.5K Banking & Borrowing
- 249.9K Reduce Debt & Boost Income
- 449.4K Spending & Discounts
- 234.6K Work, Benefits & Business
- 607.1K Mortgages, Homes & Bills
- 172.8K Life & Family
- 247.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.8K Discuss & Feedback
- 15.1K Coronavirus Support Boards