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Merry Correction Day
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Most have now entered bear market territory..:(...probably not the Christmas present we were all hoping for.
Still, what's bad for some could be a buying opportunity for others.......or not!!:eek:
Yes there's more in Father Christmas's sack than a correction...this is a bear market now. I just hope that people don't panic sell and have procedures and assets in place to deal with the bears, particularly if they are in drawdown.“So we beat on, boats against the current, borne back ceaselessly into the past.”0 -
If it all goes really,really bad can anyone suggest a cheap alternative to Lanson Black label?0
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Carling black label?0
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It’s blue skies and sunshine here in the Maldives. No need to worry about Guyton. Plenty in cash and Wealth Preservation funds as per objectives. Possibly a significant rebalance required in April, possibly not, who knows.
Happy Xmas.
Which island? I love the Maldives but haven't been for a few years.0 -
The FTSE world index with divs reinvested is now back to a level it first exceeded in March 2017 and subsequently dropped to in September 2017 and again in in March 2018. So possibly the recent fall is a bit of a shock to anyone retiring in the past year or so but it should not be a significant problem for the majority of people in drawdown..... as yet.
All down to timing. Those that were quoted high CETV and decided to make the leap may not be feeling quite so comfortable now. The only certainty is uncertainty. There'll always be at least one loser.0 -
bostonerimus wrote: »Yes there's more in Father Christmas's sack than a correction...this is a bear market now. I just hope that people don't panic sell and have procedures and assets in place to deal with the bears, particularly if they are in drawdown.
I feel it is a bit early to call a bear market. Globally It seems more a reaction to the US markets possibly overblown reaction to Trump and the Fed, Trump and China, and Trump and the budget. Were these to be resolved in the next few weeks it is possible the markets could recover very quickly.
Interesting times and a test of ones risk mitigation and allocation strategies, but a long way from a return to the 1930s.0 -
Well in Boxing Day trading the Dow is up 860 points. This volatility is scary.“So we beat on, boats against the current, borne back ceaselessly into the past.”0
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bostonerimus wrote: »Well in Boxing Day trading the Dow is up 860 points. This volatility is scary.
Closed over 1,000 points circa 5% up. Some interesting coverage on CNBC.
https://www.cnbc.com/video/2018/12/26/expert-now-is-the-time-to-invest-for-the-long-term.html
Glad I didn't update my spreadsheets after Christmas Eve
Alex0 -
Be interesting to see how the year finally turns out. I reckon including housing I will have seen a 6 figure reduction in total wealth or probably 3-4 years of contributions :eek:
Still I always console myself that every fall in stocks just means I get more units for each £ I save into my pension.....I think....0
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