Markets - Minor Correction? (Edit: Question Answered)

Stargunner

If you had of waited until Friday you would of had the opportunity to buy them at an even lower cost. 

Alexland

Updated my spreadsheet and our family net worth is 'only' down 4% compared to the end of last month and still higher than a couple of months ago.

I posted the paperwork to transfer the Cash JISAs back into S&S choosing AJ Bell this time (one of the accounts is big enough for their capped £20 pa JISA fee on ETFs). It would have been cheaper with Jarvis X-O but I prefer being with a bigger player and it's convenient as we use AJ Bell for the capped £30 pa LISAs.

If markets keep falling next week I will continue tilting more of our money into equities. With uncertainty where the bottom might be its hard to judge how much firepower to hold back.

chucknorris

Stargunner said:

If you had of waited until Friday you would of had the opportunity to buy them at an even lower cost. 

Only in the morning! The price improved on Friday to higher than I had invested! But I didn't have the luxury of hindsight that you had when you said that? Which is why what you are saying is ridiculous. I invested based on the yield, rather than guessing which way the market would go, it would not have really mattered that much if the price had not improved, because I was happy with the price that I invested, but I wouldn't expect you to understand that.

Username999

chucknorris said:

Stargunner said:

If you had of waited until Friday you would of had the opportunity to buy them at an even lower cost. 

Only in the morning! The price improved on Friday to higher than I had invested! But I didn't have the luxury of hindsight that you had when you said that? Which is why what you are saying is ridiculous. I invested based on the yield, rather than guessing which way the market would go, it would not have really mattered that much if the price had not improved, because I was happy with the price that I invested, but I wouldn't expect you to understand that.

Sounds like you 'timed the market' to buy that £250K BLND?
6.33% is a great yield.
I have some RIET shares myself.

chucknorris

Username999 said:

chucknorris said:

Stargunner said:

If you had of waited until Friday you would of had the opportunity to buy them at an even lower cost. 

Only in the morning! The price improved on Friday to higher than I had invested! But I didn't have the luxury of hindsight that you had when you said that? Which is why what you are saying is ridiculous. I invested based on the yield, rather than guessing which way the market would go, it would not have really mattered that much if the price had not improved, because I was happy with the price that I invested, but I wouldn't expect you to understand that.

Sounds like you 'timed the market' to buy that £250K BLND?
6.33% is a great yield.
I have some RIET shares myself.

I have been waiting a long time for British Land to fall, I sold most of my holding last year of about £540k at about £5.60, although it did actually continue to rise to over £6.30, but I was taking a significant profit (tax free because it was in my ISA and SIPP). I was a bit uncomfortable with having my whole SIPP and ISA invested in an individual company share. But I regretted selling it, because I have sold significant investment property over the last 3 years, and consequently a REIT is a good fit for my portfolio. My overall yield at the price invested is 6.21% (not 6,33%) but obviously I am happy with that.

Thrugelmir

chucknorris said:

Stargunner said:

If you had of waited until Friday you would of had the opportunity to buy them at an even lower cost. 

The price improved on Friday to higher than I had invested! 

The market maker would have reacted to your buying activity over the previous couple of days. When trading actual shares we are also influence the market. 

chucknorris

Thrugelmir said:

chucknorris said:

Stargunner said:

If you had of waited until Friday you would of had the opportunity to buy them at an even lower cost. 

The price improved on Friday to higher than I had invested! 

The market maker would have reacted to your buying activity over the previous couple of days. When trading actual shares we are also influence the market. 

Do you think so? I would have thought investing £250k was just peanuts for a large company like British Land, but I don't really have  a feel for such things, so I am only guessing. But I do remember that when I sold the £540k last year in the same company in one day (3 transactions), the price actually went up.

Thrugelmir

chucknorris said:

Thrugelmir said:

chucknorris said:

Stargunner said:

If you had of waited until Friday you would of had the opportunity to buy them at an even lower cost. 

The price improved on Friday to higher than I had invested! 

The market maker would have reacted to your buying activity over the previous couple of days. When trading actual shares we are also influence the market. 

Do you think so? I would have thought investing £250k was just peanuts for a large company like British Land, but I don't really have  a feel for such things, so I am only guessing. But I do remember that when I sold the £540k last year in the same company in one day (3 transactions), the price actually went up.

A market maker in a particular share is only obliged to quote a two way price on the LSE electronic trading system for a mininum number of shares. In the case of British Land that's only 3,000 shares. Or around £15k's worth. 

At the current time you a buyer in a market in which prices are overwhelmingly red. Sellers exceed buyers. Unusual activity doesn't go unnoticed. Market makers make their money on the spread (or indeed lose it) if they are caught with lines of stock themselves. 

fun4everyone

I am of the hold forever type when it comes to equities.  This forum helped teach that to me. I don’t care about these falls.  What I do care about is the truth and not being swayed by group think or misinformation.  That’s presented an interesting challenge when trying to learn about Covid-19.  It seems near impossible to get complete, truthful data from ANY source.  My conclusions so far are that it is quite nasty, the response from a lot of countries has been incompetent and we are all ready in a pandemic.  However strong containment has been proven to work (Macau) and after the Cobra meeting on Monday in the UK expect measures taken like sports events and festivals cancelled.

The key thing that I see is that in hot countries like Vietnam and Malaysia this virus is not spreading like it is in Europe and Japan.  In fact these “should” be some of the hot spots that should have lots of cases now, yet they don’t.  I take this as solid evidence Covid-19 struggles in the heat (like other coronaviruses) and when summer comes it is going to make things a lot easier.  With a vaccine perhaps a year away strong containment plus hot weather is what we need.

Username999

fun4everyone said:

I am of the hold forever type when it comes to equities.  This forum helped teach that to me. I don’t care about these falls.  What I do care about is the truth and not being swayed by group think or misinformation.  That’s presented an interesting challenge when trying to learn about Covid-19.  It seems near impossible to get complete, truthful data from ANY source.  My conclusions so far are that it is quite nasty, the response from a lot of countries has been quite incompetent and we are all ready in a pandemic.  However strong containment has been proven to work (Macau) and after the Cobra meeting on Monday in the UK expect measures taken like sports events and festivals cancelled.

The key thing that I see is that in hot countries like Vietnam and Malaysia this virus is not spreading like it is in Europe and Japan.  In fact these “should” be some of the hot spots that should have lots of cases now, yet they don’t.  I take this as solid evidence Covid-19 struggles in the heat (like other coronaviruses) and when summer comes it is going to make things a lot easier.  With a vaccine perhaps a year away strong containment plus hot weather is what we need.

Dr John Campbell seems to be a good source of info...
Children don't seem to suffer, but are carriers.
You can catch it from surface contact, tables, ATM machines, cash.
It's not known if it's seasonal.
Masks don't really work, can increase infection rate if mask is wet.
No vaccine this year.
 
He's doing regular YouTube updates.
 https://www.youtube.com/watch?v=5rOTz9duXwo