Liquidate entire portfolio until virus is over?

bostonerimus

Username999 said:

bostonerimus said:

 ....

What do you think of Bernie Sanders chances?

Pretty good, he has some momentum, but Biden might do better in the Southern primaries. I have a few yankee Republican friends who can't bring themselves to vote for Trump and they would never vote for Bernie, but they could vote for a center right Democrat like Biden.

darkidoe

Why Sell? Shouldn't we buy more?! This is an opportunity!

Username999

US 10 Year Yield - under 1%

Nice 40 year short!

1981 = 15800

2020 = 984

Fairly smooth decline all the way.

bowlhead99

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

Yes I guess if you can find an investment portfolio that loses 30% in the 'great financial crash and goes up 800% in the 12 years since, you can probably handle a little downturn.

D.L

EdGasketTheSecond said:

Is anyone else contemplating or have ever liquidated all their shareholdings and stayed in cash (or some other non-equity investment) while markets have crashed? I am thinking that this is probably only the beginning of a protracted bear market and we could see values drop by a third from here.

You know what. I actually think you could be on to a winning strategy here. Before markets crash you should liquidate all your holdings and then buy back in at the bottom when "[insert event] has done its dirty work and the carnage can be assessed"

Idiot proof, right?

Bravepants

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

But what would people have to panic/talk/worry about on the forums then?

royalmike

Sold all my stock in September mind you as was living in North America was mainly invested in US and Canadian market plus Asia. Seemed to me we it was only a matter of time before a big correction then, now we have the virus on top.
Cash in several different currencies and about 20% gold now

LobsterMemory

So what will be your trigger point for piling back in, Mike? Will it be technical or a gut feel?
Or are you out for good?

EdGasketTheSecond

I was thinking get back in after virus has peaked and probably when a lot of financial carnage is still happening due to the effects of it on business. Alternatively if there is a rise of 10% off a low; you miss out on the bottom but hopefully hit the recovery trend

inflationbuster

I'll be re-investing the dividends yields are very good right now.  One of the shares Aviva is almost yielding  9% and dividend is almost 2x covered.  
No panic selling for me.