Squeaky bum time!

LHW99

vacheron said:

My pension fund is back to within 5% of where it was pre COVID. My Sons VLS fund is actually 7.5% up! 

My only explanation is that funds pricing is now mostly based on demand for shares which is due not to the analysis of the future fundamentals but the fact that everybody is investing in the stock market because in the current environment there is literally nowhere better to put any spare medium-long term money! 

And when markets are very volatile, when the money actually goes in can make a difference in the short term.

ffacoffipawb

Looks like the sheep are selling off again!

Might as well have got Corbyn.

Prism

ffacoffipawb said:

Looks like the sheep are selling off again!

Might as well have got Corbyn.

Did you change your allocation after the crash in February and March? You seemed to take a large hit last time so wondered if you felt better protected should it happen again.

bowlhead99

ffacoffipawb said:

Looks like the sheep are selling off again!

Might as well have got Corbyn.

Chief medical officer / chief scientific advisor's TV briefing at 11am today.  It's basically expected to be a 'stark' warning about how bad things are, so the FTSE250 is down over 3%, but within that there will be companies in the travel, retail, hospitality and banking sectors doing particularly badly (e.g. Wetherspoons, Whitbread, WH Smiths, the AA , Barclays and Lloyds all down 5-10%) while companies set up for ecommerce or which might make money from market turmoil are doing OK (e.g. Ocado and IG.com are up).

ffacoffipawb

Prism said:

ffacoffipawb said:

Looks like the sheep are selling off again!

Might as well have got Corbyn.

Did you change your allocation after the crash in February and March? You seemed to take a large hit last time so wondered if you felt better protected should it happen again.

No still the same, about 25% down from peak.

I dont know what I am doing, I guess, otherwise I would be a fund manager, so just left well alone, though I did switch from Aberdeen Asian Income Fund (AAIF) to Jupiter Income and Growth (JGGI) which has held up a bit better.

The least said about my holdings in Aberdeen Standard Equity Income and Temple Bar, the better.

I do wonder if I would have been better off using OEICS with higher platform charges, instead of ITs, in the end!

GazzaBloom

ffacoffipawb said:

Looks like the sheep are selling off again!

Might as well have got Corbyn.

Stay stout and strong, hold all positions and ride it out, the storm will pass.

What gets sold today by panic stricken day traders will be bought back tomorrow, there's nowhere else to make money at the moment and with negative interest rates looming cash isn't the thing to hold.

ffacoffipawb

GazzaBloom said:

ffacoffipawb said:

Looks like the sheep are selling off again!

Might as well have got Corbyn.

Stay stout and strong, hold all positions and ride it out, the storm will pass.

That's all I can do I guess.

The news from NS&I is another kick in the proverbial as well. Only Premium Bonds worth keeping now. Are they going to rename one of their accounts as the No-Income Bond?

Prism

ffacoffipawb said:

Prism said:

ffacoffipawb said:

Looks like the sheep are selling off again!

Might as well have got Corbyn.

Did you change your allocation after the crash in February and March? You seemed to take a large hit last time so wondered if you felt better protected should it happen again.

No still the same, about 25% down from peak.

I dont know what I am doing, I guess, otherwise I would be a fund manager, so just left well alone, though I did switch from Aberdeen Asian Income Fund (AAIF) to Jupiter Income and Growth (JGGI) which has held up a bit better.

The least said about my holdings in Aberdeen Standard Equity Income and Temple Bar, the better.

I do wonder if I would have been better off using OEICS with higher platform charges, instead of ITs, in the end!

I wouldn't say that its your choice of using IT's over OEICS but your focus by the look of it on income based trusts which have been hit quite hard. Some IT's have done very well this year, like Scottish Mortgage and Smithson, others have done pretty much what they are supposed to like Capital Gearing Trust. Saying that, it looks like your trusts are still paying dividends which I assume is why you hold them?

[Deleted User]

ffacoffipawb said:

Prism said:

ffacoffipawb said:

Looks like the sheep are selling off again!

Might as well have got Corbyn.

Did you change your allocation after the crash in February and March? You seemed to take a large hit last time so wondered if you felt better protected should it happen again.

No still the same, about 25% down from peak.

I dont know what I am doing, I guess, otherwise I would be a fund manager, so just left well alone, though I did switch from Aberdeen Asian Income Fund (AAIF) to Jupiter Income and Growth (JGGI) which has held up a bit better.

The least said about my holdings in Aberdeen Standard Equity Income and Temple Bar, the better.

I do wonder if I would have been better off using OEICS with higher platform charges, instead of ITs, in the end!

25% seems high, given that US stocks were back to pre-crisis peaks in August and bonds were up. Of course its possible that whatever you are doing will work out better in the long term. What is your asset and country allocation? 

[Deleted User]

ffacoffipawb said:

Looks like the sheep are selling off again!

Might as well have got Corbyn.

Markets will remain volatile for a while. I have been surprised by the relatively low volatility over the last 3 months.  Looks like people are using every drop as an opportunity to buy more.  Whether the sellers or the buyers are “sheep”.... Time will tell.