Liquidate entire portfolio until virus is over?

bostonerimus

NorthernJoe said:

bostonerimus said:

Give me strength! Investing is not complicated. Invest just the same as you would have done before the coronavirus. Put it in a multi-asset fund or a portfolio of a few inexpensive tracker funds with an asset allocation appropriate to your circumstances. Make sure you always keep at least 6 months cash on hand for emergencies. Do that until you retire and develop a withdrawal plan

So the outlook for the global economy hasn't changed since early 2020? The usual adages do not apply. 

No one saw this coming. This isn't an ordinary event. This isn't noise. 

The short term outlook has changed, but you should not invest according to that. There hasn’t been any systemic change in the World’s economy so beyond some rebalancing if the recent down turn has triggered some threshold on your portfolio, I don’t think there’s any need to do anything. 

Epidemiologists have been predicting this since the SARS outbreak of course they had no idea of the exact timing. This fall is well within the historical data range and maybe because it has a definitive cause it’s not right to call it noise, but it’s not unusual or anything to worry about as long as you are appropriately invested. 

kinger101

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Username999

bostonerimus said:

 ....

What do you think of Bernie Sanders chances?

Ciprico

Old_Lifer said:

Anglicanpat makes a good point and many older holders may choose to do just that.

Personally, I have become so used to buying selectively after a big fall that I will continue to do so .  I  seem to have the same approach as chucknorris.

LobsterMemory said:

Ringed is the Great Financial Crash (ignore the spike in Dec 2008, I happened to transfer in my Equitable Life pension)

I'm expecting the latest downturn to be of as little relevance in the grand scheme of things

Would be interesting to see above graph if, with help of crystal ball, the GFC had been avoided. What appears as a little blip on the chart could have made a big difference with the magic of compounding over 12 years

nrsql

It's easy to pick graphs to support a theory
FTSE all share

Alexland

Vanguard have issued a nice reassuring video for you:

https://m.youtube.com/watch?v=UvXUlWbuQq4

Username999

Alexland said:
Vanguard have issued a nice reassuring video for you.

Outflows panicking him I wonder. 

Alexland

Username999 said:

Outflows panicking him I wonder. 

Nah, he's confident enough to buy a swanky new blue suit. It's not bad enough for them to deploy the animatronic emergency Jack Bogle they have in storage. Apparently the rubber is deteriorating so it's becoming a struggle glueing all the skin back on and they have reformulated the historic audio to say something wise and knowing for any bad situation. Focus groups score the robot particularly highly when used to explain that the CEO has run off with all the money to buy more suits.

EdGasketTheSecond

Alexland said:

Vanguard have issued a nice reassuring video for you:

I feel so much better now; thank you

EdGasketTheSecond

In fact the chap in that video reminds me of that dodgy front-man in the Chinese Hustle.