Liquidate entire portfolio until virus is over?

colsten

Can someone provide a 1-line answer to the thread question? Apologies if I have missed it.

Thrugelmir

colsten said:

Can someone provide a 1-line answer to the thread question? Apologies if I have missed it.

Lots of musing until the main feature film starts to roll. The ending being a closely guarded secret. 

colsten

Thrugelmir said:

colsten said:

Can someone provide a 1-line answer to the thread question? Apologies if I have missed it.

Lots of musing until the main feature film starts to roll. The ending being a closely guarded secret. 

Thanks, thought so. Please wake me up when "the virus is over".  :

Sailtheworld

Thrugelmir said:

Sailtheworld said:

Thrugelmir said:

Sailtheworld said:

Thrugelmir said:

Prism said:

It seems to me that over the course of these last few months you have moved from long term investing to short term gambling. I recognise that I don't know the direction or markets over the coming months (I could never have predicted I would be up 16% in the last month) but you seem so certain.

Gambling, or repositioning your portfolio?  I've made huge changes to holdings. Though with a longer term emphasis in mind. Some individual holdings purchased have risen over 30% within a matter of weeks. There does seem to be a lot of misguided optimism still out there. As the company fundamentals haven't changed one iota in that timeframe. The tracker buying of the FTSE 100 does suggest that there's many people that view current prices as being cheap. 

My personal view is you're gambling.

Horses, dogs etc have never held any appeal. I'm a 50p each way on the tote person. Nor BTL for that matter, as profitable as it has proved to be. No art, fine wine or ceramic collection either. You can hold whatever you wish. Without contrarian views there'd be no market. 

Equities can be a vehicle for gambling just as much as horses

When betting on the horses only one wins. With shares you just need to identify the ones that stand a better chance of finishing the entire course. Though not all will. That's life. 

That's not true because, as with shares, you don't need to pick the winner all the time to make money but that's an aside. A root and branch portfolio change 'with an eye for the longer term' in the middle of such uncertainty is quite a big call. Maybe there's someone out there who takes the opposite view and thinks the markets are misguidedly pessimistic and, with a view to the longer term of course, made an equal & opposite drastic portfolio repositioning.

Are they both investors? Is the winner the investor and loser a gambler? Is it in the eye of the beholder.

Sounds like a big spin of the wheel to me. I'd put money on both of our intrepid forecasters of the future enjoying the odd flutter on top of the above. Obviously it matters not what we call it but I'd suggest a good way to identify whether we're investors or middle-class gamblers is to look at the number of trades we make throughout the year.

I wish them both well of course but I think I'll stay away from the extremes of the bell curve.

EdGasketTheSecond

Thrugelmir said:

colsten said:

Can someone provide a 1-line answer to the thread question? Apologies if I have missed it.

Lots of musing until the main feature film starts to roll. The ending being a closely guarded secret. 

The 'spoiler' is already out there for anyone who can work it out.

Malthusian

EdGasketTheSecond said:

Interview with Siam Kidd

With Graham Rowan, unregulated promoter of Privilege Wealth, Colonial Capital, Dolphin Trust, Northern Powerhouse Developments, etc etc?

Who else do you follow for financial commentary, Bernard Madoff?

I guess you're about to tell me that it's worth listening to the promoters of Ponzi schemes because we should "listen to both sides of the argument", i.e. both people who make their clients money and people who lose it.

EdGasketTheSecond

Never mind who they are, it's what he says that matters and he is spot on. Anyone who wants to know what is going on, where we are, where we are headed should watch that video I posted above. He is just one of many who knows the score and can explain it in fairly straightforward terms. The only part I might disagree with is towards the end ref. Bitcoin and Tesla.

Thrugelmir

Sailtheworld said:

Thrugelmir said:

Sailtheworld said:

Thrugelmir said:

Sailtheworld said:

Thrugelmir said:

Prism said:

It seems to me that over the course of these last few months you have moved from long term investing to short term gambling. I recognise that I don't know the direction or markets over the coming months (I could never have predicted I would be up 16% in the last month) but you seem so certain.

Gambling, or repositioning your portfolio?  I've made huge changes to holdings. Though with a longer term emphasis in mind. Some individual holdings purchased have risen over 30% within a matter of weeks. There does seem to be a lot of misguided optimism still out there. As the company fundamentals haven't changed one iota in that timeframe. The tracker buying of the FTSE 100 does suggest that there's many people that view current prices as being cheap. 

My personal view is you're gambling.

Horses, dogs etc have never held any appeal. I'm a 50p each way on the tote person. Nor BTL for that matter, as profitable as it has proved to be. No art, fine wine or ceramic collection either. You can hold whatever you wish. Without contrarian views there'd be no market. 

Equities can be a vehicle for gambling just as much as horses

When betting on the horses only one wins. With shares you just need to identify the ones that stand a better chance of finishing the entire course. Though not all will. That's life. 

Are they both investors? Is the winner the investor and loser a gambler? Is it in the eye of the beholder.

Traders normally care more about the price of the asset rather than what the asset is. A key difference between trading and investing. 

kinger101

EdGasketTheSecond said:

Never mind who they are, it's what he says that matters and he is spot on. Anyone who wants to know what is going on, where we are, where we are headed should watch that video I posted above. He is just one of many who knows the score and can explain it in fairly straightforward terms. The only part I might disagree with is towards the end ref. Bitcoin and Tesla.

In other words, you're happy to believe everything that confirms your own views.

Malthusian

EdGasketTheSecond said:

Never mind who they are, it's what he says that matters and he is spot on.

How much have you invested in whatever half-baked "safer than the stockmarket" scheme Rowan is promoting at the moment?

Anyone who wants to know what is going on, where we are, where we are headed should watch that video I posted above.

I would suggest they do so only after they have exhausted all the informed commentary provided by people who haven't repeatedly promoted Ponzi schemes for commission.

Rowan evidently didn't know the score with investment in payday loans, German property or Welsh theme parks. What quality does his knowledge of mainstream investments and Bitcoin have that makes his opinions on those subjects any different?