Like the February Correction ?

DennisTenus

I think I'll ignore comments on the Telegraph from now on.... :rotfl:

ColdIron

DennisTenus wrote: »

Someone posted this in the comments on the Telegraph.... thoughts? do they make a good point?

Currently gold is on the rise

Could have fooled me

GBP
https://www.bullionbypost.co.uk/gold-price/one-year-gold-price

USD
https://www.bullionbypost.co.uk/gold-price/year/ounces/USD/

Glen_Clark

We've seen this several times in the last decade.
There is talk of rising interest rates (and a little action this time) markets get spooked and equities fall. Then central bankers reassure markets with an assurance that any rise in interest rates will be gradual. So buyers return and prices rebound.
This game of musical chairs will probably end sometime but I don't know when. I don't think we are there yet because Governments have grown fond of low interest rates.

topgearfan08

My funds portfolio is worth 10% less than it’s initial investment this week. Worse than the February correction for me, but hopefully will recover over the coming months, and doesn’t get too much worse in the meantime.

DennisTenus

topgearfan08 wrote: »

My funds portfolio is worth 10% less than it’s initial investment this week. Worse than the February correction for me, but hopefully will recover over the coming months, and doesn’t get too much worse in the meantime.

Yeah same for me

This is definitely bigger than Feb correction

Alexland

gary83 wrote: »

Nice to see nobody panicking on here

Yup every time there is a market correction these threads act as a nice prompt to remind each other to 'stick to the plan' - whatever your plan may be. When markets go lower you shouldn't be doing any actions you hadn't already considered in advance. It's just the start of a waiting game to get back to the previous high however long that takes.

Alex

londoninvestor

Alexland wrote: »

Yup every time there is a market correction these threads act as a nice prompt to remind each other to 'stick to the plan' - whatever your plan may be. When markets go lower you shouldn't be doing any actions you hadn't already considered in advance. It's just the start of a waiting game to get back to the previous high however long that takes.

Alex

Completely - so many things I've read over the last few years have made me very calm in this situation.

Luckily when I was younger and more foolish, I had less money so I made all the mistakes when they were less material

Thrugelmir

gary83 wrote: »

Nice to see nobody panicking on here,

Investment is a long term game. More a worry for those that have recently sacrificed their safe index linked DB schemes for the vagaraties of the stock markets in the expectation of hugely better returns.

Alexland

Malthusian wrote: »

I was tempted to sell out when Provident Financial hit the mat in 2017, thinking it could signal the bursting of the consumer credit bubble.

Wasn't that caused by the poor management decisions in their own business to centralise debt collection?

Alex

BLB53

Carnage on the world markets. My portfolio hasn't been this low since...April 2018.

FWIW just a correction led by high flying tech. A good time to reflect on asset allocation.