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Top up funds when theyre low?
Comments
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With the head of the Bank of England stating that investors had better be braced for huge falls in their shares, that the UK economy is going to perform badly next year and that the banking industry doesn't know the extent of the US sub-prime losses. Plus with the credit crunch preventing both the public (in the form of mortgages) and private industry from getting cheap loans, the impact on the public will be larger mortgages, more defaults and reposessions and a housing price crash. The impact on private industry will be lower investment and job losses.
Now is the time to cash in your shares, sell your buy to lets and start a major debt repayment exercise. Get those mortgages paid off so that when the recession comes your home will be safe!!Mortgage Free in 3 Years (Apr 2007 / Currently / Δ Difference)
[strike]● Interest Only Pt: £36,924.12 / £ - - - - 1.00 / Δ £36,923.12[/strike] - Paid off! Yay!!
● Home Extension: £48,468.07 / £44,435.42 / Δ £4032.65
● Repayment Part: £64,331.11 / £59,877.15 / Δ £4453.96
Total Mortgage Debt: £149,723.30 / £104,313.57 / Δ £45,409.730 -
I check mine daily
However, I make no changes based on the daily movements, it's purely to satisfy my own curiosity!
As such, I'd say that checking AND ACTING ON your fund prices more than weekly is a mug's game is more accurate, but in reality I suspect that significantly altering your portfolio more than once every few months would be the true mug's game.
FWIW my portfolio has been more or less left alone for the last couple of months now despite a huge surge in value and now a rather large drop. I'm in it for the long run even if I track the value in the short term.
I'd probably not be checking my funds daily, if there wasnt so much uncertaintanty in the markets and my funds were steadily growing.I'm not going to act on a daily rise or fall.I am in this for the long term.I just thought if I am in this for the long term,if I time it right when there are dips in the fund I have I can effectively top my fund ups and my overall profit will be higher.Not looking to just top my fund up one day and sell it the next if the markets change on both days.
Also if you rebalance your portfolio surely its best done when the markets favour you buying or topping up existing funds, so you'd acheive more units.0 -
Dithering_Dad wrote: »With the head of the Bank of England stating that investors had better be braced for huge falls in their shares, that the UK economy is going to perform badly next year and that the banking industry doesn't know the extent of the US sub-prime losses. Plus with the credit crunch preventing both the public (in the form of mortgages) and private industry from getting cheap loans, the impact on the public will be larger mortgages, more defaults and reposessions and a housing price crash. The impact on private industry will be lower investment and job losses.
Now is the time to cash in your shares, sell your buy to lets and start a major debt repayment exercise. Get those mortgages paid off so that when the recession comes your home will be safe!!
Your a happy chappy.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Dithering_Dad wrote: »Now is the time to cash in your shares, sell your buy to lets and start a major debt repayment exercise. Get those mortgages paid off so that when the recession comes your home will be safe!!
I have to disagree with the sentiment that getting out of the stockmarket entirely is a good idea. For those of us with S&S ISAs for example, that would be a severely bad idea. If people are really worried about their portfolios, then they could shift away from equities and in to bonds, which if I recall tend to do rather well in times of poor equity performance.
If people have adequately accounted for risk within their portfolios and have invested for the long term, then their money will survive a period or recession and will bounce back up when the bear retreats and the bull advances.
Buy to let properties are anyone's guess thoughI am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0 -
when the bear retreats
I smell a Bear Trap building....
May not be a time to buy, but there'll have higher levels to bale out !!!!'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
Now is the time to cash in your shares
My portfolio consists of Equity Funds and Bond Funds but the principle is the same as shares.;)
Steve0 -
It is difficult to know where the market will be in, say, 10 years time.
The FTSE100 is still way behind its 2001 levels. The NASDAQ is still miles behind its 2001 levels.
But on the other hand many steep falls get followed by steep rises. If you invested at the outbreak of the Iraq war when everyone else had given up you would have made a fortune.0 -
Incidentally all the sub-prime nonsense is a delusion that all the big companies got taken in by. At the heart of it all there are some mentally ill dearranged people with personality disorders who initiated all this garbage. It is unfortunate that the rest of the world gets sucked in by this and Joe Public ends up suffering. Exactly the same applied to the dotcom boom and crash / Enron etc etc.0
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Seems its not all doom and gloom for all the banks/building societies.
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article2920351.ece
Northern rock's loss and Nationwides win.Customer savings had to go somewhere.0
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