Squeaky bum time!

OldMusicGuy

DairyQueen said:

......
I recall that you are due to move into a new home soon? Any issues with that? Our planned house move has hit the dust as we have two properties to sell. The first is currently being decorated and was due to be marketed at the end of this month (some chance of that now). We are currently cramped into tiny property number two and will be here for the duration. 
.....

Lots of developments on that front. We were having a house built but the builder was so far behind schedule and stringing us along that we gave up on that about four weeks ago. We had an offer accepted on a different new build property on March 12th, with completion due for June.

We are going ahead with that purchase as we want to get out of rented, although we expect some delays. I was pleased to hear Martin Lewis on the radio at lunchtime saying that if you were buying a new build and could still afford to, you should push ahead, which is what we are doing. Sadly this forum has become polluted with house price crash scaremongers who have crawled out of the woodwork.

On the investment front, my scenario modelling shows that a 20% drop this year followed by three years of slow recovery back to 2019 levels won't have a major impact over the long term. Based on performance so far, a 20% drop in my portfolio will be about a 55% to 60% market drop. That gives me some consolation, because like other posters, I think things will get worse before they get better.  

Anonymous101

Parking_Trouble said:

The virus statistics are going to get a lot worse in the next couple of weeks. Until it gets past the first peak I'd expect further pessimism. I don't think reality has kicked in with the public yet. It needs some positive news to turn it around - reduction in new cases, widespread testing, reduction in deaths, signs NHS are coping, effective testing regime to get people back to work, businesses reopening. 

You're probably correct but who knows when that could be globally? I try and not get too caught up in timing of any nature and trust that if I just keep buying every month in another 10-15 years prices will be higher than they are now.

Thrugelmir

Anonymous101 said:

Parking_Trouble said:

The virus statistics are going to get a lot worse in the next couple of weeks. Until it gets past the first peak I'd expect further pessimism. I don't think reality has kicked in with the public yet. It needs some positive news to turn it around - reduction in new cases, widespread testing, reduction in deaths, signs NHS are coping, effective testing regime to get people back to work, businesses reopening. 

You're probably correct but who knows when that could be globally? I try and not get too caught up in timing of any nature and trust that if I just keep buying every month in another 10-15 years prices will be higher than they are now.

Don't buy blindly. Give consideration as to what you are investing in. 

Anonymous101

Thrugelmir said:

Don't buy blindly. Give consideration as to what you are investing in. 

With regard asset type, regions, sectors or specific companies?
In the past I've taken the approach of global trackers and believe this is a good way to stay diversified. I understand that this is pretty much unprecedented though.

Albermarle

I don't think reality has kicked in with the public yet.

Maybe the weekend was a bit of a turning point . All that 'don't visit your Mother ' seemed to hit a chord, and for sure my local town is a lot quieter today than before the weekend and tonight the Costa and subway in the high st will close.  Ok there is still some confusion  about 'getting fresh air but be careful exactly where.' + of course there will always be an idiot minority but I think the reality is sinking in .

Whether it is enough is another question.

tigerspill

Thrugelmir said:

Anonymous101 said:

Parking_Trouble said:

The virus statistics are going to get a lot worse in the next couple of weeks. Until it gets past the first peak I'd expect further pessimism. I don't think reality has kicked in with the public yet. It needs some positive news to turn it around - reduction in new cases, widespread testing, reduction in deaths, signs NHS are coping, effective testing regime to get people back to work, businesses reopening. 

You're probably correct but who knows when that could be globally? I try and not get too caught up in timing of any nature and trust that if I just keep buying every month in another 10-15 years prices will be higher than they are now.

Don't buy blindly. Give consideration as to what you are investing in. 

Are you suggesting to stay away from multi asset funds such as VLS at the minute?

Thrugelmir

tigerspill said:

Thrugelmir said:

Anonymous101 said:

Parking_Trouble said:

The virus statistics are going to get a lot worse in the next couple of weeks. Until it gets past the first peak I'd expect further pessimism. I don't think reality has kicked in with the public yet. It needs some positive news to turn it around - reduction in new cases, widespread testing, reduction in deaths, signs NHS are coping, effective testing regime to get people back to work, businesses reopening. 

You're probably correct but who knows when that could be globally? I try and not get too caught up in timing of any nature and trust that if I just keep buying every month in another 10-15 years prices will be higher than they are now.

Don't buy blindly. Give consideration as to what you are investing in. 

Are you suggesting to stay away from multi asset funds such as VLS at the minute?

Not at all. VLS comes in various guises.  Only time (depending on ones own timeframe) will tell how they individually weather the current crisis and whatever the future holds. 

m_c_s

"An antibody test has now been developed" Matt Hancock at 16:00 in House of Commons today. He said the UK Government has ordered millions of the test and should be available to distribute within weeks. This is really good news and will now allow people who have already had the virus to be identified.
Interesting he also said the current test for having corona virus was developed in the UK by Government Lab scientists at Porton Down.

Thrugelmir

Who is the manufacturer going to be? 

m_c_s

Thrugelmir said:

Who is the manufacturer going to be? 

https://www.dailymail.co.uk/news/article-8141997/UK-funding-mass-produced-coronavirus-test-tells-youve-it.html