Markets - Minor Correction? (Edit: Question Answered)

MarkCarnage

High non-equity holdings?  February factsheet will disclose more detail. 

January one shows it over 50% in US/UK sovereign bonds, mainly linkers and TIPS, gold and cash. Around 40% in equities, so there will be yin and yang effect there.

Rest is in illiquids including some credit protection options which will or should be doing ok. My comment was mainly that it was strange to see a discount widening going on here given the underlying holdings and strategy. PAT has seen similar share price performance, but mainly from the NAV not the discount. 

Thrugelmir

MarkCarnage said:

High non-equity holdings?  February factsheet will disclose more detail. 

January one shows it over 50% in US/UK sovereign bonds, mainly linkers and TIPS, gold and cash. Around 40% in equities, so there will be yin and yang effect there.

Rest is in illiquids including some credit protection options which will or should be doing ok. My comment was mainly that it was strange to see a discount widening going on here given the underlying holdings and strategy. PAT has seen similar share price performance, but mainly from the NAV not the discount. 

NAV will be historic figure at any point of time. In a falling market. Depending on the individual holdings held. Investors may decide to jump ship. Doesn't take that many trades to move a price in a narrow market. Worth monitoring the price spread as can be an indicator of whether a market maker is holding a line of stock that they are looking to offload. 

MarkCarnage

NAV will be historic figure at any point of time

Usually updated daily for ITs....and over 90% of the holdings are highly liquid too. Spread may be a tad wider but not much.  I would doubt that the individual holdings would make people sell right now.....since most of them are sovereign bonds and gold. I would imagine I could find a couple of equities I don't like in there, but could probably say the same about most. Except Woodford clearly where I could find any number I didn't like....academic as I never held it and never had any desire to. 

Username999

Meanwhile, the Swiss bans gatherings of more than 1000 people.
And Bristol has 20,000 people gathering to watch Greta in the rain.

marlot

Username999 said:

Meanwhile, the Swiss bans gatherings of more than 1000 people.
And Bristol has 20,000 people gathering to watch Greta in the rain.

The Swiss are a lot closer to Northern Italy.

AlBlanco

l've been putting off looking at my investments whilst reading about what's been happening in the markets but today l thought l'd take a peek.. around £7k down which equates to about a 7% fall.. not good but a bit like owning a house in that prices crash when we have a recession but overall they go up over time.. l'm quite widely diversified so gonna ride the storm as even if l folded and took the money there isn't really anywhere else to invest it is there? 

ffacoffipawb

AlBlanco said:

l've been putting off looking at my investments whilst reading about what's been happening in the markets but today l thought l'd take a peek.. around £7k down which equates to about a 7% fall.. not good but a bit like owning a house in that prices crash when we have a recession but overall they go up over time.. l'm quite widely diversified so gonna ride the storm as even if l folded and took the money there isn't really anywhere else to invest it is there? 

Cash, but no point as timing the markets seldom works.

Aylesbury_Duck

Username999 said:

Meanwhile, the Swiss bans gatherings of more than 1000 people.
And Bristol has 20,000 people gathering to watch Greta in the rain.

Cracking whatabouttery there, well done.

JohnRo

AlBlanco said:

l've been putting off looking at my investments whilst reading about what's been happening in the markets but today l thought l'd take a peek.. around £7k down which equates to about a 7% fall.. not good but a bit like owning a house in that prices crash when we have a recession but overall they go up over time..

Just accept and embrace it, this is what investments in equity markets do. The short term pain is all part of the longer term gain. The diversified risk you've taken on will almost always be rewarded over (enough) time. This won't in all likelihood be the last 7% fall you ever see, likewise recent gains won't be the last either.

AlBlanco said:

l'm quite widely diversified so gonna ride the storm as even if l folded and took the money there isn't really anywhere else to invest it is there? 

I assume that's rhetorical but if not then doing so really would be silly, you should be invested appropriately for the long term and have good reasons for doing so. In terms of equity investment it's wise to aim for serenity at all times. We all know periods of loss and gain are inevitable so why on Earth fret about it when they happen.

DairyQueen

aroominyork said:

DairyQueen said:

A sea of red but not exactly the 'bloodbath' of media headlines. Looks like mainland Europe is coughing whilst the US is barely beyond a sniff so far.

Is this the beginning of the long-anticipated correction or just another slightly bad (coronovirus) day at the office?

DairyQueen - at what stage do you change the thread title?

No time like the present.

If it looks like a duck...