Squeaky bum time!

Malthusian

There were plenty of threads about it on the savings forum, where some said they cashed out at the bottom.

Madness, IMHO

All investors are mad. The only question is which form of madness you prefer - mass hysteria or sociopathy.

atush

may do, who knows.

Given the selective take ups of virus abatement strategy incl world leaders contempt for actual science in some cases we are yet to see.

fizio

michaels said:

So I have stuck with 'time in the market not timing the market' and we are now back about half way from the trough - of course it could still go any direction from here (I think the hit on the economy is not fully priced in yet) but some spoke of reducing their exposure when the market was at or close to the bottom - I wonder if anyone did get scared enough to bail out.  

It is almost better to be in the old days where I only knew how my pension was doing from an annual statement rather than seeing it overtime I log into online banking.

I pulled out that very first friday when markets dropped so took a 5% hit over a large gloabl tracket type portfolio. Dipped back in near the bottom a couple of times and will go fully back over next few months

FinsburyParkRanger

I sold my whole pension at almost the top but moved into sterling which is causing me some concern. It seems argon doesn’t have a US dollar tracking fund. 

swindiff

My investments are back to where they were before all this started, some even higher

michaels

So where are things going next.  I see it as irresistible force vs immovable object

The immovable object is that profits must be lower and insolvencies must of higher going forward so all things being equal shares should be worth less.

The irresistible force is a mountain of money added to by higher savings rates an even more QE that literally has no where else to go when seeking inflation equalling (or beating) returns.

C19 is if anything hitting the world's biggest economy harder than anticipated during the March dip but values in some markets are at fresh highs.

And then of course we have wild cards like the US election and China seizing the moment to pursue its authoritarian aims.

Those of a nervous disposition should probably think about rebalancing towards bonds or even money market funds and risk a small but probably predictable inflation hit at the expense of being on an equity rollercoaster...

LHW99

Lacking a crystal ball I shall probably do more of what I have done over the last few months - ie very little.

DairyQueen

LHW99 said:

Lacking a crystal ball I shall probably do more of what I have done over the last few months - ie very little.

... and, in my case, absolutely zero. Portfolio is already positioned to provide a good slug of cash (5-years drawdown) with the inflation hit factored-in. The balance is mostly equities with a smidge of bonds just to soften the sharp edges of volatility. No point in positioning to defend in the short-term when you are invested for the long-term and have no clue how things will play out next week, let alone next month/year. I have my hard hat on and am hunkering down for the duration.

Bravepants

Doing pretty much nothing is what passive investing is all about! If I had messed about with my AVC/SIPP back in 2008 during the GFC I would likely not have been able to retire in a couple of years.

michaels

What about Guyton Klinger type rules where you rebalance towards different asset classes based on 'relative historic value/returns'?