Liquidate entire portfolio until virus is over?

Alexland

Argh they are closing the schools. I am relaxed about my investment accounts as the Dow drops below 20k but I might have reproduced beyond my parenting tolerance. Going to need a stiff drink tonight to get over this.

kinger101

ProDave said:

I am sensing resistance for the FTSE100 to go below 5000. Each time it does, briefly, by just a little, it comes back up.

IF this trend continues for a few weeks I might just start buying, just a little.

You do realize the FTSE 100 is an index right of 100 different companies right?  

ProDave

kinger101 said:

ProDave said:

I am sensing resistance for the FTSE100 to go below 5000. Each time it does, briefly, by just a little, it comes back up.

IF this trend continues for a few weeks I might just start buying, just a little.

You do realize the FTSE 100 is an index right of 100 different companies right?  

Yes, and I am just using it as a barometer of sentiment in the markets, I could have picked a different index to watch.  and no I am not thinking of buying a FTSE100 tracker fund.

I am merely watching what the FTSE100 is doing to gauge when I feel is the right time to start investing for the recovery, and no I don't think the right time is yet.

Thrugelmir

kinger101 said:

ProDave said:

I am sensing resistance for the FTSE100 to go below 5000. Each time it does, briefly, by just a little, it comes back up.

IF this trend continues for a few weeks I might just start buying, just a little.

You do realize the FTSE 100 is an index right of 100 different companies right?  

That will change on  a quarterly basis. 

mcooke999

Sound advice from our leader and chief.

worldtraveller

CLOSING NUMBERS FROM YESTERDAY:

FTSE 100 @ 5,080 - DOWN 34% FROM PEAK

FTSE 250 @ 13,008 - DOWN 41% FROM PEAK

FTSE ALL SHARE @ 2,764 - DOWN 35% FROM PEAK

DOW JONES @ 19,899 - DOWN 33% FROM PEAK

NASDAQ @ 6,990 - DOWN 29% FROM PEAK

worldtraveller

worldtraveller said:

I'm certain that we'll see the Bank of England introducing a new quantitative easing programme (ie. extend current £435 billion) very soon, in a similar way to that which the Fed introduced on Sunday.

It didn't take long!

The BOE has introduced a new quantitative easing programme today to add £200 billion extra bond purchasing.

Thrugelmir

worldtraveller said:

worldtraveller said:

I'm certain that we'll see the Bank of England introducing a new quantitative easing programme (ie. extend current £435 billion) very soon, in a similar way to that which the Fed introduced on Sunday.

It didn't take long!

The BOE has introduced a new quantitative easing programme today to add £200 billion extra bond purchasing.

No market appetite for the debt issuance that's coming. 

worldtraveller

CLOSING NUMBERS FROM YESTERDAY:

FTSE 100 @ 5,151 - DOWN 33% FROM PEAK

FTSE 250 @ 12,829 - DOWN 42% FROM PEAK

FTSE ALL SHARE @ 2,788 - DOWN 35% FROM PEAK

DOW JONES @ 20,087 - DOWN 32% FROM PEAK

NASDAQ @ 7,150 - DOWN 27% FROM PEAK

Alexland

I am starting to wonder if I will ever get around to reinvesting the children's JISA money. With adverse exchange rate movements some of my favourite global trackers are now only down around 20% which seems to underestimate the cashflow business value destruction even under the best case recovery scenarios. Bizarrely even though the market is down it seems to be offering UK based investors less forward value too. At this rate I'll be transfering back to the nice safe 3%+ cash accounts having not invested the money.