Ouch! How things can change...

wombat42_2

Aegis wrote: »

I was about to add that I noticed it drop somewhere between 1/7 and 1/6 of its value recently, but those figures sum it up a lot better than simple hand-waving!

According to DigitalLook, the mining sector was the worst performing sector in the UK the week before last, down 10.04%. So it is unlikely that JPMNR is up over the last two weeks.

robp

dunstonh wrote: »

Strange seeing as the fund price has been dropping steadily in the last 3 weeks. 9.041 on 1st Nov peaking at 9.066 on the 7th but down almost daily since then to 7.844 on 22nd with slight upwards to 7.891 on 23rd. A drop of 12.96% between the high and last Friday.

Seems that I should qualify my statement better!

JPM Nat Res is the only one that is not worth less than I paid.


Doesn't matter anyway, I'm in it for the long term so expect some turbulent times, as do many of us here I'm sure.

[Deleted User]

http://www.sharesmagazine.co.uk/node/2060

Natural resources super cycle.

wombat42_2

Yant1 wrote: »

http://www.sharesmagazine.co.uk/node/2060

Natural resources super cycle.

Any NT super cycle relates to pure commodities. The relationship between mining companies and an NT super cycle is more complicated.

trademark

cash is king ..... ive just sold the remainder of my shares at a heavy loss and im no longer going to trade stocks until this crisis is over

and it is a crisis ......... it had to happen , anyone with their eyes open can see it and will know its going to get worst

HOW IS IT THAT EVERYONE ... AND I MEAN EVERYONE CAN AFFORD THAT 1 SERIES BEEMA , THAT BIG HOUSE ... THAT NEW TOP MODEL PHONE ... NEW CLOTHES AND STILL GO OUT 3 -4 TIMES A WEEK .

well ok not everyone ,,, but you know what i mean .... big troubles are coming , lots of the smaller companies will fold .... resulting in lots of redundancy , house prices will fall and those new cars will be repossessed.

time to be very careful

Aegis

trademark wrote: »

cash is king ..... ive just sold the remainder of my shares at a heavy loss and im no longer going to trade stocks until this crisis is over

and it is a crisis ......... it had to happen , anyone with their eyes open can see it and will know its going to get worst

HOW IS IT THAT EVERYONE ... AND I MEAN EVERYONE CAN AFFORD THAT 1 SERIES BEEMA , THAT BIG HOUSE ... THAT NEW TOP MODEL PHONE ... NEW CLOTHES AND STILL GO OUT 3 -4 TIMES A WEEK .

well ok not everyone ,,, but you know what i mean .... big troubles are coming , lots of the smaller companies will fold .... resulting in lots of redundancy , house prices will fall and those new cars will be repossessed.

time to be very careful

I'm comfortable riding it out without withdrawing all my money from investments. In the long run my portfolio will do well enough, and pulling out now can always mean missing the surges that tend to happen at the end of a period of decline, which would be annoying!

m_c_s

Quality funds will be good over the long term, but short term most funds will suffer. The US is sneezing at the moment. With hefty declines in the DOW others follow. The stock markets in some of the so called emerging economies tend to over react to falls in the US. Many "experts" are saying there will still be some significant falls to come driven by short/medium term US consumer issues, and some funds could take a long time to pick up. People have to assess their own situation (age, attitude to risk, aims for investments etc) or seek "professional advice". My personal opinion is that opportunities will show themselves in times of uncertainty.

aspiration_2

Yant1 wrote: »

Price of gold is holding strong, read a UBS analyst report saying that Gold, copper, platinum, palladium and a few other should be good plays for at least 3 years. Zinc, nickel and stainless are not so good. Good oil companies (Avoid BP etc) and tobacco, food, beverage, strong gambling companies. Finance and property very bad plays in the short and medium term, could be 8 years before property is back in play. Out of the BRIC is a good play as long as its value based, be warey of growth based, some stock very muck out of play, china mobile, petro china, vodaphone etc.

This is addressed to Yant1 (Goldfinger!).

(forgive me for any errors as this is the first time I am using "quotes")

Excellent advice. What do you exactly mean by 'value based shares' ? Sometimes examples are the best indicators. Can you give some clear pointers please? Already several shares are named in the forum in general. Could you name a few petroleum shares and I can do more research on them ?

Thanks

Jonbvn

amcluesent wrote: »

We've bought the feel-good factor on tick, the average Briton now owes £33,000

The loss worldwide on sub-prime debt will near $400 BILLION. That's inevitably leading to a US recessions for several years.

UK House prices are already dropping. And that's the start of the slide, a 25% drop is quite likely to return to long term ratios.

Most skilled trades in the UK have been outsourced to manufacturing and IT centres in India and China

Brown has hidden £50 BILLION in debt on PFI schemes, mortgaging tax-payers for 30 years.

200,000 educated British people are now fleeing the UK every year.

We are at or passed peak oil production, $100 barrel is here to stay. And China needs more and more of it!

For Britain, severe, prolonged recession and stagflation from 2008 in inevitable with mass unemployment and social breakdown. :eek:

So time to get into tin-foil hats then?;)

[Deleted User]

aspiration wrote: »

This is addressed to Yant1 (Goldfinger!).

(forgive me for any errors as this is the first time I am using "quotes")

Excellent advice. What do you exactly mean by 'value based shares' ? Sometimes examples are the best indicators. Can you give some clear pointers please? Already several shares are named in the forum in general. Could you name a few petroleum shares and I can do more research on them ?

Thanks

Some people buy shares that have basically just kept going up and up, the flavour of the last 3-5 years, alot of funds focus on this. Stocks like apple, mastercard, china mobile, petrochina, amazon, google, the equivilent of the uk housing market, the fundermentals of buying low PE, low PEG shares + high dividend has gone out teh window and valuations of 20-100 PE are seen, not good if it takes 100 years for ROI! also low PEGs dont last forever, by the time its noticed its usually too late to buy, they are just screaming for a fall. If your looking for funds ensure this is in their philosphy, you can get a good feeling from their top 10 picks, allow them the odd slight mistake though as maybe they might be lowering their positions in that area.

The banks are a bad buy as credit will be wound in so the fundermentals are out of the window as people dont know where the economy will be in 2-3 years as this situation gets played out. Any highly geared adventure such as property will suffer as the banks after running about like headless chickens take out their frustrations on them. History has shown it happens and takes a few years to show in the balance sheets.

Stock picks, difficult one, obviously DYOR, on your head be it and spread the risk but im liking at the moment - this can all change very quickly depending on the information feed though.

oil - JKX, , (MRP - although director leaving is a bit suspect)
oil not to touch with ten foot barge pole - BP! what a dog.
mining - MCR, RMLA
gamblers - 888

Im spread over a lot more though, but these are my current favorites.

Likewise if anyone knows any good tips let me know via PM. I aint got time to look at everything so I have probably overlooked a fair few.