Markets - Minor Correction? (Edit: Question Answered)

bowlhead99

neildt said:

I’ve only been invested since August 2018, but plan on staying invested for 15 years.

OK, so you seem to have answered your own question.
Shall I hold what I have and keep drip feeding into the market? Yes, I plan on staying invested for 15 years.

cloud_dog

dunstonh said:

The drop of the last few days is small.  It doesnt even count as a correction. Let alone a crash.   If you cannot handle small negative values then you are invested above your risk profile and should reduce it ASAP.

I was going to comment on how some posters appear to have forgotten that markets go down as well as up but, on a more important note.... Am I the only one to have spotted the resurrection of a previously extinct poster????

Ceme3000

aesthetic said:

I have £20k in a Rathbone Global Opportunity fund and it has been battered pretty badly this week.

But it's only down 1.22% in a month.

eskbanker

cloud_dog said:

dunstonh said:

The drop of the last few days is small.  It doesnt even count as a correction. Let alone a crash.   If you cannot handle small negative values then you are invested above your risk profile and should reduce it ASAP.

I was going to comment on how some posters appear to have forgotten that markets go down as well as up but, on a more important note.... Am I the only one to have spotted the resurrection of a previously extinct poster????

It's almost as if s/he'd never been away....

Thrugelmir

scoot65 said:

Thrugelmir said:

scoot65 said:

I have HSBC Global Strategy (Balanced) Inc. held in a share dealing account via iWeb. I have been intending to increase my holding by a few £10ks but as yet had not done anything due the market seeming to be high.  (I also have HSBC GS (Balanced) Acc and Vangurad LS60 in a S&S ISA which is fully subsribed to this tax year)

I'm guessing with this current correction now, or at least soon, would be a good time to buy more HSBC GS ????  

Corrections occur for a whole variety of reasons. This one is financial. Companies will be hit at the bottom line harder and harder the longer this goes on. With reduced profits or losses declared there'll be no earnings to maintain existing or pay increased dividends.

Any good at catching falling knives? Calling the bottom will be highly profitable. Chances are remote though. Active investment tends to outperform passive in volatile markets. 

Many thanks for the reply. However although I understand what you said, I'm not entirely clear as what you've said regarding me stating that is now (or sometime soon) a good time to buy more HSBC Global Strategy fund....... 

Others have covered the point I was making. The market will have the news before you do and be able to price accordingly. Go with your own convictions as to timing. All of us retail investors make mistakes. The longer the window of opportunity you have in which to turn a bad decision around the better. As you've still time to add further capital. 

Is that your one and only fund?  Portfolios should be diversified. 

As Mr Buffett said
"If past history was all there was to the game, the richest people would be librarians."

NorthernJoe

Thrugelmir said: The market will have the news before you do and be able to price accordingly. 

Maybe this is the exception?

The markets have had the news for weeks but having ignored it and then panicked when there was a small cluster of cases in Italy. These aren't rational, evidence based scientists & epidemiologists - all the evidence is they don't understand what is unfolding. 

The Trump administration is doing everything they can to prop up the markets in the US to the detriment of public health monitoring & response. 

Moe_The_Bartender

In ten years time, this will be a barely visible blip on the charts.

benbay001

I own shares in Somero Enterprises, a US company, traded on AIM who i think have a great product and trade at a great price.
I want to buy more this month and am happy with the price they are at. 
I normally fully appreciate that trying to predict macro economics is futile, but i feel that once the virus reaches the USA in full, the sell off will pick up again, so im holding on for a while longer. Im confident the markets have further to fall and ill get Somero at an even lower price if im patient. 
Would anyone agree with this?

aroominyork

benbay001 said:

I own shares in Somero Enterprises, a US company, traded on AIM who i think have a great product and trade at a great price.
I want to buy more this month and am happy with the price they are at. 
I normally fully appreciate that trying to predict macro economics is futile, but i feel that once the virus reaches the USA in full, the sell off will pick up again, so im holding on for a while longer. Im confident the markets have further to fall and ill get Somero at an even lower price if im patient. 
Would anyone agree with this?

Yes, someone will. (Edit: the point behind what you might think is an annoying and flippant comment, benbay, is that you can always find someone on a forum who will agree with your hunch. Asking for that person to comment and back up your plan is not a sound way to go about investing.)

benbay001

aroominyork said:

benbay001 said:

I own shares in Somero Enterprises, a US company, traded on AIM who i think have a great product and trade at a great price.
I want to buy more this month and am happy with the price they are at. 
I normally fully appreciate that trying to predict macro economics is futile, but i feel that once the virus reaches the USA in full, the sell off will pick up again, so im holding on for a while longer. Im confident the markets have further to fall and ill get Somero at an even lower price if im patient. 
Would anyone agree with this?

Yes, someone will. (Edit: the point behind what you might think is an annoying and flippant comment, benbay, is that you can always find someone on a forum who will agree with your hunch. Asking for that person to comment and back up your plan is not a sound way to go about investing.)

Despite what i said, i was hoping i would someone would post in disagreement.